605 4th Street Sw, Cedar Rapids, IA 52404
Local realty services provided by:Graf Real Estate ERA Powered



Listed by:shannon annis
Office:affinity real estate services
MLS#:2506245
Source:IA_CRAAR
Price summary
- Price:$135,000
- Price per sq. ft.:$78.49
About this home
Fantastic Investment Opportunity! Fully Occupied 4-Unit Building
This well-maintained four-plex is fully rented and generating income from day one! Current rents are $500, $435, $440, and $440 per month, with tenants responsible for all utilities—keeping your overhead low.
Why You’ll Love It:
Affordable entry into multi-family investing
Solid rental history with consistent occupancy
Tenants pay all utilities
Value-Add Potential:
Take this property to the next level by adding features like dishwashers, mini-split systems, or in-unit laundry to increase value and maximize rental income.
You won’t find another 4-plex at this price point and condition—don’t miss your chance to own a cash-flowing asset!
Contact an agent
Home facts
- Year built:1900
- Listing Id #:2506245
- Added:27 day(s) ago
- Updated:August 06, 2025 at 11:45 PM
Rooms and interior
- Living area:1,720 sq. ft.
Heating and cooling
- Heating:Gas
Structure and exterior
- Year built:1900
- Building area:1,720 sq. ft.
- Lot area:0.07 Acres
Schools
- High school:Jefferson
- Middle school:Wilson
- Elementary school:Cedar River Academy
Utilities
- Water:Public
Finances and disclosures
- Price:$135,000
- Price per sq. ft.:$78.49
- Tax amount:$1,910
New listings near 605 4th Street Sw
- New$139,000Active3 beds 1 baths1,248 sq. ft.
1433 7th Ave, Cedar Rapids, IA 42403
MLS# 2507029Listed by: SKOGMAN REALTY - New$312,500Active4 beds 2 baths1,934 sq. ft.
3731 Rogers Road Nw, Cedar Rapids, IA 52405
MLS# 2507027Listed by: PINNACLE REALTY LLC - New$130,000Active3 beds 1 baths1,008 sq. ft.
1073 G Avenue Nw, Cedar Rapids, IA 52405
MLS# 2507001Listed by: PINNACLE REALTY LLC - New$269,990Active3 beds 2 baths1,639 sq. ft.
8615 Harrington Drive Ne, Cedar Rapids, IA 52402
MLS# 2507005Listed by: EPIQUE REALTY - New$161,500Active4 beds 2 baths1,550 sq. ft.
914 6th Street Sw, Cedar Rapids, IA 52404
MLS# 2507021Listed by: RE/MAX CONCEPTS - New$169,950Active2 beds 1 baths763 sq. ft.
3909 B Avenue Ne, Cedar Rapids, IA 52402
MLS# 2507014Listed by: GRAF REAL ESTATE, ERA POWERED - New$210,000Active3 beds 2 baths1,505 sq. ft.
1226 N Street Sw, Cedar Rapids, IA 52404
MLS# 2507015Listed by: PINNACLE REALTY LLC - New$329,900Active3 beds 3 baths2,220 sq. ft.
4310 Banar Avenue Sw, Cedar Rapids, IA 52404
MLS# 2507007Listed by: PINNACLE REALTY LLC - New$189,900Active3 beds 2 baths1,232 sq. ft.
826 Daniels Street Ne, Cedar Rapids, IA 52402
MLS# 2507003Listed by: PINNACLE REALTY LLC - Open Sun, 1 to 2:30pmNew$279,950Active3 beds 2 baths2,013 sq. ft.
2532 NE Glen Elm Drive Ne, Cedar Rapids, IA 52402
MLS# 2506987Listed by: KEY REALTY