Tour
$2,850 Closing Credit¹
#2502230, Marie Hancock, Listing Office: Fathom Realty
$255,000 List price
1249 3rd Ave SE Cedar Rapids, IA 52403
$3,028
Closing credit¹
2,776 sqft
0.1 acres
$92 / sqft
Multi-Family
Property details
About 1249 3rd Ave SE
This investment property is a five-unit multifamily building (5-plex) consisting of five one-bedroom units. Two of the units are equipped with in-unit laundry, while the remaining three tenants have access to a common laundry area located in the basement. The property has a solid rental history, with consistent occupancy and reliable tenants. The last city inspection was completed in July 2024, ensuring compliance with local housing codes and regulations. Each unit pays their own electric. Owner pays trash, water and common area electric.
Highlights
Home typeMulti Family
HeatingElectric
StatusActive
CoolingWall/Window Unit(s)
Size2,776 sqft
BasementYes
Lot size0.129 Acres
Year built1900
ParkingParking Space(s)
MLS #2503728
Summary
- Basement: Yes
- Parking: Parking Space(s)
- Heating: Electric
- Cooling: Wall/Window Unit(s)
- List Price: $255,000
- Price/SqFt: $91
- Annual Tax Amount: $1,698
- Tax Year: 2023
- Year Built: 1900
- Living Area: 2,776 SqFt
- Lot Size: 0.129 Acres
- MLS Number: 2503728
- MLS Name: CDR
- Office Name: COLDWELL BANKER HEDGES
- Office Phone: (319) 378-8760
- Office Email: frontdesk@cbhrealty.com
- Listing Agent: Beth Mackey
Provided 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: 5/30/2025, 10:20:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$255,000
1249 3rd Ave SE
$3,028
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 09, 2021 | Home Sold | $60,000 |
| Mar 05, 2012 | Home Sold | $35,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $102,900 | $1,698 |
| 2021 | $80,500 | $1,964 |
| 2020 | $69,700 | $1,938 |
| 2018 | $56,500 | $1,676 |
History based on county public records data.
Nearby schools
1
Johnson STEAM Academy
Public District KG-5
0.5 mi
•355 18th St SE
3
Garfield Elementary
Public District KG-5
1.2 mi
•1201 Maplewood Dr NE
1
Grant Wood Elementary
Public District PK-5
1.2 mi
•645 26th St SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $21,875. The majority of Cedar Rapids, IA residents have income less than $<35k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
83%
<35k
13%
35k-100k
3%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
77%
Single, No Kids
12%
Single, with Kids
7%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
5%
12-17 yrs old
26%
18-34 yrs old
46%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
UFC
Figure Skating
Where do the neighbors shop?
Burlington
Family Dollar
Express/Express For Men
Where do the neighbors go to eat?
Cicis Pizza
Burger King
Church's Chicken
What do the neighbors drive?
Pontiac
Buick
Cadillac
What do the neighbors listen to?
Urban Contemporary
Jazz
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 1249 3rd Ave SE in Cedar Rapids, IA and zip code 52403 in the Wellington Heights neighborhood. This 2,776 square foot home, which was built in 1900, sits on a 0.13 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since May 22, 2025 and is currently priced at $255,000.
In April 2025 more than 36 listings in Cedar Rapids, IA were sold above the asking price. During the same period more than 47 listings were sold at asking price, while more than 77 were sold below. Between March and April 2025, Cedar Rapids, IA real estate market has seen decrease in the number of listings by 3%. In April 2025 median list price was $199,888 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.