605 4th Street Sw, Cedar Rapids, IA 52404

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605 4th Street Sw,Cedar Rapids, IA 52404
$135,000
  • - Beds
  • - Baths
  • 1,720 sq. ft.
  • Multi-family
  • Active
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!

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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