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Sold for $129,000 on 09/22/25
  • $129,000

    605 4th St SW, Cedar Rapids, IA 52404

    --beds
    --baths
    1,720sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $129,000 Zestimate®
    $75/sqft
    $1,176 Estimated rent

    Owner options

    List your home for rent

    $1,176/mo

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    $1,176/mo

    Rent Zestimate®

    Refinance and save

    $715/mo

    Est. payment

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    $715/mo

    Est. payment

    What's special

    Fantastic Investment Opportunity! Fully Occupied 4-Unit Building This well-maintained four-plex is fully rented and generating income from day one! Current rents are $500, $435, $440, and $440 per month, with tenants responsible for all utilities—keeping your overhead low. Why You’ll Love It: Affordable entry into multi-family investing Solid rental history with consistent occupancy Tenants pay all utilities Value-Add Potential: Take this property to the next level by adding features like dishwashers, mini-split systems, or in-unit laundry to increase value and maximize rental income. You won’t find another 4-plex at this price point and condition—don’t miss your chance to own a cash-flowing asset!

    Zillow last checked: 7 hours ago

    Listing updated: September 24, 2025 at 07:42am

    Listed by:

    Shannon Annis 319-310-3755,

    Affinity Real Estate Services,

    Liz Hudson Allen 319-259-2204,

    Affinity Real Estate Services

    Bought with:

    Shannon Annis

    Affinity Real Estate Services

    Source: CRAAR, CDRMLS,MLS#: 2506245MLS LogoOriginating MLS: Cedar Rapids Area Association Of Realtors

    Facts & features

    Interior

    Heating
    • Forced Air, Gas
    Cooling
    • Wall/Window Unit(s)
    Features
    • Basement: Concrete
    Interior area
    • Total interior livable area: 1,720 sqft

    Property

    Lot
    • Size: 3,223 sqft
    • Dimensions: 3200
    Details
    • Parcel number: 142832800600000
    • Zoning: R-3+
    • Zoning description: R-3+

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame, Vinyl Siding
    • Foundation: Poured
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Cedar Rapids
    Sell for more
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $129,000
    2% more+$2,580
    With Zillow Showcase(estimated)$131,580