1416/1418 3rd Avenue Se, Cedar Rapids, IA 52403

Local realty services provided by:Graf Real Estate ERA Powered
1416/1418 3rd Avenue Se,Cedar Rapids, IA 52403
$150,000
Virtual Tour
  • - Beds
  • - Baths
  • 2,748 sq. ft.
  • Multi-family
  • Pending
Listed by: cindy guckenberger
Office: key realty
MLS#:2501792
Source:IA_CRAAR

Price summary

  • Price:$150,000
  • Price per sq. ft.:$54.59

About this home

Rare 4-Plex Investment Opportunity – $150,000 Total ($37,500 per Unit). This fully rented property generates $34,740 gross annual income, offering a projected 20% cap rate at the current price point. The unit mix includes two 1-bedroom and two 2-bedroom apartments, appealing to a broad tenant base. Recent updates include a new roof and interior improvements, supporting long-term stability. Tenants are on month-to-month leases, providing flexibility for future rent adjustments. Located in Cedar Rapids’ MedQuarter district near major employers and downtown amenities, this asset combines affordability, strong returns, and long-term potential. Firm at $150,000 – priced to sell.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1898
  • Listing ID #:2501792
  • Added:332 day(s) ago
  • Updated:February 11, 2026 at 08:12 AM

Rooms and interior

  • Living area:2,748 sq. ft.

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Year built:1898
  • Building area:2,748 sq. ft.
  • Lot area:0.13 Acres

Schools

  • High school:Washington
  • Middle school:McKinley
  • Elementary school:Grant

Utilities

  • Water:Public

Finances and disclosures

  • Price:$150,000
  • Price per sq. ft.:$54.59
  • Tax amount:$1,994

New listings near 1416/1418 3rd Avenue Se