Property Description

**Investment Property Available in Cedar Rapids** This multifamily complex comprises a total of 23 units: – 20 one-bedroom units – 1 two-bedroom unit – 1 three-bedroom unit – 1 efficiency unit Out of the 23 units, 10 have been fully remodeled within the past two years. The units occupied by long-term tenants remain untouched. The property is located in a great area with easy access. 2 units rents were doubled by furnishing them and renting short term. Each unit has its own furnace and AC. Tenants pay RUBs each month towards water. 48 Hours’ Notice to Show.

Features
: Forced Air, Electric
: Central Air
: Common Area
: Public Sewer
: Separate Meters
Address Map
IA
Linn
Cedar Rapids
52402
32nd
120
Street
W92° 21' 50.7''
N42° 0' 36.6''
1st Ave to 32nd St. NE
OT-E (East of I-380)
NE
Neighborhood
Kenwood
Washington
Franklin
MLS Addon
LEPIC-KROEGER, REALTORS
Matthew Lepic
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Additional Information
: Frame
: Slab
IRR
23
2025-11-24
https://www.propertypanorama.com/instaview/cdr/2509552
: Public
Financial
11294.0
Listing Information
lepicmatthew121
CLKCR
Active
2025-11-25T06:00:29Z
CDR
2025-11-24T21:55:02Z

120 32nd Street Ne, Cedar Rapids, Iowa 52402 - Residential For Sale

120 32nd Street Ne, Cedar Rapids, Iowa 52402

13,248 Sqft
$1,375,000
Listing ID #2509552
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2509552
Price : $1,375,000
Square Footage : 13,248 Sqft
Year Built : 1970
Lot Area : 0.53 Acre
Status : Active
F 150 : Parking Space(s)
Property Sub Type : Multi Family
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent