3-5 27th Avenue Sw, Cedar Rapids, IA 52404

Cedar Rapids
Local realty services provided by:Graf Real Estate ERA Powered
3-5 27th Avenue Sw,Cedar Rapids, IA 52404
$249,900
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  • - Beds
  • - Baths
  • 2,060 sq. ft.
  • Multi-family
  • Active
Listed by: debra callahan
Office: re/max concepts
MLS#:2607712
Source:IA_CRAAR

Price summary

  • Price:$249,900
  • Price per sq. ft.:$121.31

About this home

Outstanding Duplex in Prime Cedar Rapids location. This turnkey property features one upper/lower unit, each offering a functional layout of 2 bedrooms and 1 bathroom (for a total of 4 bedrooms and 2 bathrooms). This high-yield property features a perfect mix: an unfurnished upper unit ideal for stable, long-term tenants, paired with a fully furnished lower unit, including in-unit washer and dryer (minus one bedroom). Optimized to capture premium rates from traveling tradespeople and professionals. The upper unit currently rents for $1020.00 per month and the lower furnished unit currently rents to one tenant for $1700.00 per month. These well-maintained duplexes have a strong rental history, consistent demand, immediate cash flow & are a solid asset. Incredible Cedar  Rapids location near shopping, restaurants, Hy-Vee, major employers; quick access to I-380. Each unit comes with a 1 car garage space.Tenant-occupied; interior photos taken prior to current tenancy. Reach out today for...

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Home facts

  • Year built:1977
  • Listing ID #:2607712
  • Added:1 day(s) ago
  • Updated:November 04, 2026 at 08:07 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Concrete
  • Living area:2,060 sq. ft.

Heating and cooling

  • Central air:Yes

Structure and exterior

  • Year built:1977
  • Building area:2,060 sq. ft.
  • Lot area:0.31 Acres
  • Construction Materials:Frame
  • Exterior Features:Deck, Patio

Schools

  • High school:Jefferson
  • Middle school:Wilson
  • Elementary school:Grant

Utilities

  • Water:Public

Finances and disclosures

  • Price:$249,900
  • Price per sq. ft.:$121.31
  • Tax amount:$3,118

Parking

  • Garage:Yes

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