Property Description

This duplex offers excellent flexibility for a new owner with existing leases in place. One unit features a newly signed one-year lease at $1,575 per month, while the second unit—occupied by a long-term tenant of over 10 years—currently rents for $525 per month. The lower-rent unit presents a strong value-add opportunity and could be converted into a furnished rental for traveling nurses or data-center professionals to significantly increase cash flow. The property sits high on the lot, providing excellent water drainage away from the foundation. The owner currently covers utilities; however, an additional value-add opportunity exists by separating the electric meters, finishing the attic, or making the efficiency unit a 1 or 2 bed unit down the road.

Features
: Gas
: Central Air
: Public Sewer
Address Map
IA
Linn
Cedar Rapids
52402
16th St Ne
514
W92° 20' 46''
N41° 59' 34.6''
Right off 16Th St NE
NE Quadrant
Neighborhood
Trailside
Washington
Franklin
MLS Addon
INTREPID REAL ESTATE
Jack Brundell
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Additional Information
: Frame, Composite Siding
40x66
2
2025-12-15
https://www.propertypanorama.com/instaview/cdr/2509848
: Public
Financial
1957.0
Listing Information
BRUNDELLJACK121
CIRE
Active
2025-12-15T21:52:39Z
CDR
2025-12-15T12:42:21Z

514 16th St Ne, Cedar Rapids, Iowa 52402 - Residential For Sale

514 16th St Ne, Cedar Rapids, Iowa 52402

2,116 Sqft
$140,000
Listing ID #2509848
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2509848
Price : $140,000
Square Footage : 2,116 Sqft
Year Built : 1910
Lot Area : 0.06 Acre
Status : Active
F 137 : Full
Property Sub Type : Multi Family
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent