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!
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
What's special
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#: 2506245
Originating 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