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$165,000

1416/1418 3rd Ave SE Cedar Rapids, IA 52403

2,748 sqft
0.1 acres
$60 / sqft
Multi-Family

Property details

About 1416/1418 3rd Ave SE

4-Plex Alert! A rare opportunity to own a charming and income-generating 4-plex in one of Cedar Rapids’ most strategic and revitalized locations—close to the thriving MedQuarter district. Whether you’re a first-time buyer or looking to offset your mortgage with rental income, this property is a smart move.Featuring two spacious 1-bedroom units and two 2-bedroom units, this home offers flexibility and comfort for an owner-occupant. Live in one unit and let the others help cover your monthly costs—an ideal “house hack” setup. One upper-level unit is currently vacant for easy move-in.Enjoy the convenience of nearby major healthcare employers, downtown amenities, and St. Paul’s Church—all just blocks away. Recent updates including a new roof and interior improvements.

Highlights

Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
CoolingWall/Window Unit(s)
Size2,748 sqft
Lot size0.129 Acres
Year built1898
MLS #2501792

Virtual tour

Summary

  • Interior: Storage
  • Heating: Forced Air, Natural Gas
  • Cooling: Wall/Window Unit(s)
  • List Price: $165,000
  • Price/SqFt: $60
  • Year Built: 1898
  • Living Area: 2,748 SqFt
  • Lot Size: 0.129 Acres
  • MLS Number: 2501792
  • MLS Name: CDR
  • Office Name: Key Realty
  • Office Phone: (319) 210-3533
  • Office Email: cindy@keyiowa.com
  • Listing Agent: Cindy Guckenberger

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: 7/16/2025, 1:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

We're sorry, we currently don't have tax history data for this listing.

Nearby schools

1

Taylor Elementary

Public District PK-5

0.1 mi

720 7th Ave SW

3

Harrison Elementary

Public District PK-5

1.1 mi

1310 11th St NW

1

Cleveland Elementary

Public District PK-5

1.2 mi

2200 1st Ave NW

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 $37,711. The most common annual income of people living in Cedar Rapids, IA is less than $<35k. Typical family type is 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?

46%
<35k
45%
35k-100k
8%
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?

50%
Single, No Kids
19%
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?

20%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
39%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Pro BoxingPro Boxing
  • NHRA Drag RacingNHRA Drag Racing

Where do the neighbors shop?

  • Books-a-MillionBooks-a-Million
  • Family DollarFamily Dollar
  • Big LotsBig Lots

Where do the neighbors go to eat?

  • Church's ChickenChurch's Chicken
  • White CastleWhite Castle
  • Golden CorralGolden Corral

What do the neighbors drive?

  • ToyotaToyota
  • ChevroletChevrolet
  • KiaKia

What do the neighbors listen to?

  • Adult HitsAdult Hits
  • RockRock
  • Adult StandardsAdult Standards
All data provided by Home Junction and Claritas

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Frequently asked questions

About 1416/1418 3rd Ave SE

The listing price of 1416/1418 3rd Ave SE property is $165,000.

The property 1416/1418 3rd Ave SE is a multi located in Cedar Rapids, Iowa, 52403.

Active Listing: 1416/1418 3rd Ave SE is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 1416/1418 3rd Ave SE are: Taylor Elementary (GreatSchools Rating 1/10), Harrison Elementary (GreatSchools Rating 3/10), Cleveland Elementary (GreatSchools Rating 1/10), Roosevelt Middle School (GreatSchools Rating 2/10), Wilson Middle School (GreatSchools Rating 5/10), McKinley Middle School (GreatSchools Rating 2/10), Jefferson High School (GreatSchools Rating 2/10), Metro High School (GreatSchools Rating 1/10), Washington High School (GreatSchools Rating 3/10).

The property 1416/1418 3rd Ave SE is 2,748 SqFt (source: MLS/tax record).

The year of construction for 1416/1418 3rd Ave SE is 1898.

This home is located at 1416/1418 3rd Ave SE in Cedar Rapids, IA and zip code 52404 in the Taylor neighborhood. This 2,748 square foot home, which was built in 1898, sits on a 0.13 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 17, 2025 and is currently priced at $165,000.

Cedar Rapids, IA housing market in June 2025 saw over 60 listings sold above listed price, more than 56 sold at listed price and over 80 sold below. The number of listings in Cedar Rapids, IA decreased by 2.6% between May and June 2025. In June 2025, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $202,366.

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

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