Great income investment property. Check out this up/down duplex close to downtown. Lower unit(1 bedroom)rents for $625/mo upper unit(2 bedroom) rents for $675/mo. Lower tenant has been there for 15 yrs and upper tenant for 3 yrs. Tenants pay electric and gas and owner pays water/sewer/garbage. This is a Section 8 approved property with guaranteed rental income. Property has laundry in basement and a 2 stall divided garage at the back of the property. Great opportunity!
For sale
Price cut: $5K (5/12)
$115,000
418 A Ave NW, Cedar Rapids, IA 52405
--beds
0baths
1,384sqft
Est.:
Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$83/sqft
$-- HOA
What's special
Laundry in basement
- 84 days
- on Zillow |
- 267 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: May 12, 2025 at 08:07am
Listed by:
Mark Christianson 319-329-5770,
Keller Williams Legacy Group
Source: CRAAR, CDRMLS,MLS#: 2501481
Originating MLS: Cedar Rapids Area Association Of Realtors

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Laundry: Common Area, In Unit
Interior area
- Total interior livable area: 1,384 sqft
Video & virtual tour
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Exterior features: Fence
Lot
- Size: 8,712 Square Feet
- Dimensions: 40' x 140'
Details
- Parcel number: 142910701300000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding
- Foundation: Block
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & HOA
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $83/sqft
- Tax assessed value: $118,500
- Annual tax amount: $2,146
- Date on market: 3/7/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
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