$1,375,000

120 32nd St NE Cedar Rapids, IA 52402

$10,000
Closing credit¹
13,248 sqft
0.5 acres
$104 / sqft
Multi-Family

Property details

About 120 32nd St NE

**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.

Highlights

Home typeMulti Family
HeatingElectric, Forced Air
StatusActive
CoolingCentral Air
Size13,248 sqft
Lot size0.53 Acres
Year built1970
ParkingParking Space(s)
MLS #2407195

Virtual tour

Summary

  • Parking: Parking Space(s)
  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • List Price: $1,375,000
  • Price/SqFt: $103
  • Annual Tax Amount: $12,742
  • Tax Year: 2023
  • Year Built: 1970
  • Living Area: 13,248 SqFt
  • Lot Size: 0.53 Acres
  • MLS Number: 2407195
  • MLS Name: CDR
  • Office Name: LEPIC-KROEGER, REALTORS
  • Office Phone: (319) 351-8811
  • Office Email: erik@lkriowa.com
  • Listing Agent: Matthew Lepic

IDXProvided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.
Copyright 2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/28/2025, 9:45:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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120 32nd St NE, Cedar Rapids, IA 52402 - view of property featuring stairs

$1,375,000

120 32nd St NE

$10,000

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jun 05, 2023
Home Sold
$1,150,000
Feb 03, 2023
Home Sold
$737,000
Jan 08, 2021
Home Sold
$400,000

Tax history

YearAssessmentProperty Tax
2023$623,600$12,742
2021$604,100$14,738
2020$455,300$12,654
2018$435,100$12,912

History based on county public records data.

Nearby schools

5

Arthur Elementary

Public District PK-5

0.5 mi

2630 B Ave NE

3

Kenwood Leadership Academy

Public District PK-5

0.5 mi

3700 E Ave NE

3

Garfield Elementary

Public District KG-5

1.3 mi

1201 Maplewood Dr NE

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $39,180. Residents of Cedar Rapids, IA typically earn between $35k-100k each year. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

44%
<35k
55%
35k-100k
1%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

55%
Single, No Kids
14%
Single, with Kids
16%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
6%
12-17 yrs old
32%
18-34 yrs old
37%
35-64 yrs old
8%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • College BasketballCollege Basketball
  • SoccerSoccer

Where do the neighbors shop?

  • Books-a-MillionBooks-a-Million
  • DillardsDillards
  • Forever 21Forever 21

Where do the neighbors go to eat?

  • Church's ChickenChurch's Chicken
  • Logan's RoadhouseLogan's Roadhouse
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • ToyotaToyota
  • HyundaiHyundai
  • MazdaMazda

What do the neighbors listen to?

  • Adult HitsAdult Hits
  • RockRock
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Frequently asked questions

About 120 32nd St NE

The listing price of 120 32nd St NE property is $1,375,000.

The property 120 32nd St NE is a multi located in Cedar Rapids, Iowa, 52402.

Active Listing: 120 32nd St NE is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 120 32nd St NE are: Arthur Elementary (GreatSchools Rating 5/10), Kenwood Leadership Academy (GreatSchools Rating 3/10), Garfield Elementary (GreatSchools Rating 3/10), Benjamin Franklin Middle School (GreatSchools Rating 4/10), Harding Middle School (GreatSchools Rating 7/10), McKinley Middle School (GreatSchools Rating 2/10), Washington High School (GreatSchools Rating 3/10), Marion High School (GreatSchools Rating 6/10), Kennedy High School (GreatSchools Rating 4/10).

According to the records, the last property tax for 2023 is $12,742 (source: MLS/based on county public records data).

The last sale was on June 5, 2023 for $1,150,000 (source: MLS/tax record).

The property 120 32nd St NE is 13,248 SqFt (source: MLS/tax record).

The year of construction for 120 32nd St NE is 1970.

This home is located at 120 32nd St NE in Cedar Rapids, IA and zip code 52402 in the Kenwood Park neighborhood. This 13,248 square foot home, which was built in 1970, sits on a 0.53 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $1,375,000.

In May 2025 more than 70 listings in Cedar Rapids, IA were sold above the asking price. During the same period more than 57 listings were sold at asking price, while more than 67 were sold below. The number of homes for sale in Cedar Rapids, IA decreased by 0.3% between April and May 2025. While the average time on the market in May 2025 was 24 days, the median list price was $199,973.

From Rocket Homes Real Estate and based on county public records data.

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