Property Description

This investment property is a five-unit multifamily building (5-plex) consisting of five one-bedroom units. Two of the units are equipped with in-unit laundry, while the remaining three tenants have access to a common laundry area located in the basement. The property has a solid rental history, with consistent occupancy and reliable tenants. The last city inspection was completed in July 2024, ensuring compliance with local housing codes and regulations. Each unit pays their own electric. Owner pays trash, water and common area electric.

Features
: Electric
: Wall/Window Unit(s)
: Common Area
: Public Sewer
: Separate Meters
Address Map
IA
Linn
Cedar Rapids
52403
3rd Ave SE
1249
W92° 20' 42.8''
N41° 59' 1.9''
1st Ave to S on 19th, W on 3rd
SE Quadrant
Neighborhood
Johnson
Washington
Mc Kinley
MLS Addon
Realty87
Beth Mackey
Sqft0
Sqft0
Sqft0
Sqft0
Sqft0
Additional Information
: Frame, Wood Siding
40x140
5
2025-05-22
230000
: Public
Financial
1820.0
Listing Information
MACKEYBETH121
CHED01
Cash, Conventional
Active
2025-07-14T19:12:17Z
CDR
2025-05-22T08:07:00Z

1249 3rd Ave Se, Cedar Rapids, Iowa 52403 - Residential For Sale

1249 3rd Ave Se, Cedar Rapids, Iowa 52403

2,776 Sqft
$225,000
Listing ID #2503728
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2503728
Price : $225,000
Square Footage : 2,776 Sqft
Year Built : 1900
Lot Area : 0.13 Acre
Status : Active
F 137 : Full
F 150 : Parking Space(s)
Property Sub Type : Multi Family
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent