512/514 Mckinley Street Se, Cedar Rapids, IA 52403

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512/514 Mckinley Street Se,Cedar Rapids, IA 52403
$165,000
Virtual Tour
  • - Beds
  • - Baths
  • 3,670 sq. ft.
  • Multi-family
  • Pending
Listed by:cindy guckenberger
Office:key realty
MLS#:2501784
Source:IA_CRAAR

Price summary

  • Price:$165,000
  • Price per sq. ft.:$44.96

About this home

Investor Alert! High-CAP Multi-Family Opportunity in the Heart of the MedQuarter. Fully leased with month to month leases. Welcome to 512/514 McKinley Street SE—an exceptional multi-family investment opportunity located in Cedar Rapids’ sought-after MedQuarter district. This four-unit property offers a strong 17%+ CAP Rate, making it ideal for both seasoned and first-time investors. The property includes a mix of unit sizes to appeal to a wide tenant base, with three units currently rented. Tenants handle their own electric, while the landlord covers gas, water, garbage, and seasonal maintenance—simplifying management and increasing net returns. Situated in the MedQuarter, tenants enjoy unparalleled access to healthcare employers, downtown amenities, public transit, and the rapidly growing medical district—one of Cedar Rapids’ most dynamic and stable rental zones. The strategic location ensures strong rental demand and consistent occupancy. Make more property enhancement and increase

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Home facts

  • Year built:1900
  • Listing Id #:2501784
  • Added:150 day(s) ago
  • Updated:July 28, 2025 at 02:35 PM

Rooms and interior

  • Living area:3,670 sq. ft.

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Year built:1900
  • Building area:3,670 sq. ft.
  • Lot area:0.11 Acres

Schools

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

Utilities

  • Water:Public

Finances and disclosures

  • Price:$165,000
  • Price per sq. ft.:$44.96
  • Tax amount:$2,458

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