514 16th St Ne, Cedar Rapids, IA 52402

Cedar Rapids
Local realty services provided by:Graf Real Estate ERA Powered
514 16th St Ne,Cedar Rapids, IA 52402
$130,000
Virtual Tour
  • - Beds
  • - Baths
  • 2,116 sq. ft.
  • Multi-family
  • Active
Listed by: jack brundell
Office: creative real estate iowa
MLS#:2601574
Source:IA_CRAAR

Price summary

  • Price:$130,000
  • Price per sq. ft.:$61.44

About this home

This duplex is being offered at an estimated 12% cap rate based on current income and expenses, supported by city averages and signed leases. The property is currently configured as one year-leased 4-bedroom unit (leased at $1575 non subsidized) and one efficiency unit (leased at $525), which has been there for 10+ years, but could easily be converted into one 2-bedroom unit and one 2–3 bedroom unit. The unfinished attic also provides additional potential for future living space. The property sits well with excellent natural water drainage. Conveniently located close to downtown, two colleges, and highway access, making tenant demand strong and vacancy concerns minimal. Total gross income totals $25,200, with expenses totalling $9258. Currently, all utilities are in the owner's name, but could be split up to reduce expenses.

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:1910
  • Listing ID #:2601574
  • Added:59 day(s) ago
  • Updated:May 03, 2026 at 02:59 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Full
  • Living area:2,116 sq. ft.

Heating and cooling

  • Heating:Gas
  • Central air:Yes

Structure and exterior

  • Year built:1910
  • Building area:2,116 sq. ft.
  • Lot area:0.06 Acres
  • Construction Materials:Frame

Schools

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

Utilities

  • Water:Public

Finances and disclosures

  • Price:$130,000
  • Price per sq. ft.:$61.44
  • Tax amount:$1,957

New listings near 514 16th St Ne