Property Description

A truly unique value-add investment opportunity with clear paths to achieving a valuation exceeding $700,000. The property features six residential rental units and two commercial spaces. All six residential units are currently leased, with significant potential for rent increases, while the lower level remains vacant—offering a new owner flexibility in determining the best renovation strategy. Potential uses include additional residential units, tenant storage, a shared washer/dryer facility, commercial leased space, or a combination of these options. Electrical fuse panels have been upgraded to modern breaker panels, improving safety and insurability. Additionally, the flat roof provides ample space for the installation of solar panels, offering an opportunity to reduce long-term electrical costs.

Features
: Heat Pump
: Heat Pump, Wall/Window Unit(s)
: Public Sewer
Address Map
IA
Linn
Cedar Rapids
52402
1st Ave NE
1630
W92° 21' 2.3''
N41° 59' 23.7''
Right off 1st Ave
NE Quadrant
Neighborhood
Trailside
Washington
Franklin
MLS Addon
INTREPID REAL ESTATE
Jack Brundell
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Additional Information
: Frame, Brick, Masonry
150x50
8
2025-12-15
https://www.propertypanorama.com/instaview/cdr/2509849
: Public
Financial
5115.0
Listing Information
BRUNDELLJACK121
CIRE
Active
2025-12-15T21:00:06Z
CDR
2025-12-15T13:10:32Z

1630 1st Ave Ne, Cedar Rapids, Iowa 52402 - Residential For Sale

1630 1st Ave Ne, Cedar Rapids, Iowa 52402

8,364 Sqft
$420,000
Listing ID #2509849
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2509849
Price : $420,000
Square Footage : 8,364 Sqft
Year Built : 1922
Lot Area : 0.17 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