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$150,000
1 Day On Site
1320 1st Avenue NWCedar Rapids, IA 52405
For Sale|Multi Family|Active
0
Beds
0
Total Baths
2,361
SqFt
$64
/SqFt
1904
Built
County:
Linn
Call Now: (319) 423-9515
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(319) 423-9515
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A great opportunity to add to your investment portfolio! This fully leased fourplex offers an attractive cap rate and an annual NOI of over $20,000. The property features two one-bedroom units, two efficiency units, and a large garage that is leased separately. All four units are currently occupied with month-to-month leases, providing flexibility for the next owner. Current monthly rents are $600, $700, $700, and $795, with an additional $100 per month for the garage. Utilities are collectively metered and currently paid by the landlord. All showings require a minimum of 48 hours' notice.
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Listing Snapshot
Price
$150,000
Days On Site
1 Day
Bedrooms
N/A
Inside Area (SqFt)
2,361 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.161 Acres
Year Built
1904
MLS Number
2607588
Status
Active
Property Tax
$2,332
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| yesterday | Listing first seen on site | |
| yesterday | Listing updated with changes from the MLS |
General Features
Acres
0.161
Property Sub Type
Multi Family
Sewer
Public Sewer
Water Source
Public
Interior Features
Basement
Partial
Cooling
Window Unit(s)Wall/Window Unit(s)
Heating
Hot Water
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Exterior Features
Construction Details
FrameWood Siding
Community Features
MLS Area
NW Quadrant
Financing Terms Available
CashConventional
Schools
School District
Unknown
Elementary School
Cleveland
Middle School
Roosevelt
High School
Jefferson
All or a portion of the multiple Listing information is provided by the Cedar Rapids Area Association of Realtors, from a copyrighted compilation of listings. All IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All Cedar Rapids Area Association of Realtors MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Cedar Rapids Area Association of Realtors. All rights reserved.
Listing courtesy of Tyler Donahue of Realty87.
Last checked 2026-10-31 08:33 PM CDT.
Listing courtesy of Tyler Donahue of Realty87.
Last checked 2026-10-31 08:33 PM CDT.
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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