1601-1607 Centerpoint Rd Ne, Cedar Rapids, IA 52402

Cedar Rapids
Local realty services provided by:Graf Real Estate ERA Powered
1601-1607 Centerpoint Rd Ne,Cedar Rapids, IA 52402
$1,300,000
  • - Beds
  • - Baths
  • 7,168 sq. ft.
  • Multi-family
  • Active
Listed by: tyrone galbreath
Office: freedom remi llc.
MLS#:2606437
Source:IA_CRAAR

Price summary

  • Price:$1,300,000
  • Price per sq. ft.:$181.36

About this home

Interiors: Functional 2-bed/1-bath configurations, central air conditioning, select units featuring fireplaces or private balconies.Community Conveniences: Shared on-site laundry facilities and dedicated off-street parking. Garages also available for rent.Utility Structure: Landlord covers water and trash removal; tenants are responsible for individual gas and electric usage.Financial & Market UpsideStable Rental Demand: Historically strong demand for affordable 2-bedroom suburban rentals, with market rents tracking around $800 to $895+ per month per unit.Value-Add Potential: Built in 1977, the property offers incoming investors a classic operational footprint with opportunities to modernize unit interiors and optimize rental income streams Listing agent is a licensed broker in the state of Iowa.

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Home facts

  • Year built:1966
  • Listing ID #:2606437
  • Added:8 day(s) ago
  • Updated:September 22, 2026 at 01:22 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Concrete
  • Living area:7,168 sq. ft.

Heating and cooling

  • Heating:Gas
  • Central air:Yes

Structure and exterior

  • Year built:1966
  • Building area:7,168 sq. ft.
  • Lot area:0.9 Acres
  • Construction Materials:Frame

Schools

  • High school:Washington
  • Middle school:Franklin
  • Elementary school:Trailside

Utilities

  • Water:Public

Finances and disclosures

  • Price:$1,300,000
  • Price per sq. ft.:$181.36
  • Tax amount:$19,702

Parking

  • Garage:Yes

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