Property Description

Excellent income-producing true multifamily property with a desirable low unit count. All units are spacious 2-bedroom, 1-bath layouts featuring open-concept designs and oversized kitchens. Each unit includes a dishwasher, full appliance package, central air, and central heat, with many units recently updated. Proximity to downtown, NewBo, Kirkwood, and highway access drives strong rental demand. Each unit includes a dedicated parking space near the owner-provided dumpster. Electric and gas are separately metered, with the owner responsible only for common-area lighting and gas for the common-area water heater. The building features a metal roof, vinyl windows, security cameras, and on- and off-street parking. Units are also ideal for furnished rentals for traveling nurses or data-center professionals—one unit is already furnished and rented at $1,400 per month.

Features
: Gas
: Central Air
: Public Sewer
Address Map
IA
Linn
Cedar Rapids
52404
3rd St SW
1119
W92° 19' 48.2''
N41° 57' 59.5''
Right off 3rd St SW
SW Quadrant
Neighborhood
Taylor
Jefferson
Wilson
MLS Addon
INTREPID REAL ESTATE
Jack Brundell
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Additional Information
: Frame, Vinyl Siding
: Slab
60x160
6
2025-12-15
https://www.propertypanorama.com/instaview/cdr/2509850
: Public
Financial
6574.0
Listing Information
BRUNDELLJACK121
CIRE
Cash, Conventional
Active
2025-12-15T21:00:06Z
CDR
2025-12-15T13:32:45Z

1119 3rd St Sw, Cedar Rapids, Iowa 52404 - Residential For Sale

1119 3rd St Sw, Cedar Rapids, Iowa 52404

5,400 Sqft
$475,000
Listing ID #2509850
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2509850
Price : $475,000
Square Footage : 5,400 Sqft
Year Built : 1975
Lot Area : 0.22 Acre
Status : Active
F 150 : Parking Space(s)
Property Sub Type : Multi Family
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent