1320 1st Avenue Nw, Cedar Rapids, IA 52405

Cedar Rapids
Local realty services provided by:Graf Real Estate ERA Powered
1320 1st Avenue Nw,Cedar Rapids, IA 52405
$150,000
  • - Beds
  • - Baths
  • 2,361 sq. ft.
  • Multi-family
  • Active
Listed by: tyler donahue
Office: realty87
MLS#:2607588
Source:IA_CRAAR

Price summary

  • Price:$150,000
  • Price per sq. ft.:$63.53

About this home

A great opportunity to add to your investment portfolio! This fully leased fourplex offers an attractive cap rate and an annual NOI of over $20,000. The property features two one-bedroom units, two efficiency units, and a large garage that is leased separately. All four units are currently occupied with month-to-month leases, providing flexibility for the next owner. Current monthly rents are $600, $700, $700, and $795, with an additional $100 per month for the garage. Utilities are collectively metered and currently paid by the landlord. All showings require a minimum of 48 hours' notice.

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Home facts

  • Year built:1904
  • Listing ID #:2607588
  • Added:1 day(s) ago
  • Updated:November 01, 2026 at 02:36 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Partial
  • Living area:2,361 sq. ft.

Structure and exterior

  • Year built:1904
  • Building area:2,361 sq. ft.
  • Lot area:0.16 Acres
  • Construction Materials:Frame

Schools

  • High school:Jefferson
  • Middle school:Roosevelt
  • Elementary school:Cleveland

Utilities

  • Water:Public

Finances and disclosures

  • Price:$150,000
  • Price per sq. ft.:$63.53
  • Tax amount:$2,332

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