Tour
$1,484 Closing Credit¹
#2501481, Mark Christianson, Listing Office: Keller Williams Legacy Group
$165,000 List price
1416/1418 3rd Ave SE Cedar Rapids, IA 52403
$1,959
Closing credit¹
2,748 sqft
0.1 acres
$60 / sqft
Multi-Family
Property details
About 1416/1418 3rd Ave SE
Investment Opportunity! 4-plex with solid cash flow! Comprised of two 1-bedroom units and 2 two-bedroom units. This is an ideal investment opportunity for first time investor - Located on the SE side of Cedar Rapids, near the med quarter and adjacent to St Paul’s church. New roof and other updates since owner purchased in 2023. Spacious backyard with detailed garage that is rented out to tenants. On site laundry. Perfect for a new owner to take over and begin generating income from day one. One upstairs unit will remain vacant for a short time to allow for showings Property is being sold AS IS. Gross Income: $30,360. Expenses: $22,284. Net Operating Income: $8,076. Bottom floor rent: $650 & $580. Top Floor: $600 & $700. Owner pays gas (heat)/water/garbage/snow removal/lawn care. Tenant pays electricity. Sold As Is.
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
- MLS Number: 2501792
- MLS Name: CDR
- Office Name: Key Realty
- Office Phone: (319) 210-3533
- Office Email: cindy@keyiowa.com
- Listing Agent: Cindy Guckenberger
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: 4/6/2025, 3:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$165,000
1416/1418 3rd Ave SE
$1,959
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
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.
Neighborhood
The neighbors living near this home have an average income of $37,711. Most Cedar Rapids, IA residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
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 Soccer
Pro Boxing
NHRA Drag Racing
Where do the neighbors shop?
Books-a-Million
Family Dollar
Big Lots
Where do the neighbors go to eat?
Church's Chicken
White Castle
Golden Corral
What do the neighbors drive?
Toyota
Chevrolet
Kia
What do the neighbors listen to?
Adult Hits
Rock- Adult Standards
All data provided by Home Junction and Claritas
Similar homes for sale
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.
In March 2025, from all listings sold in Cedar Rapids, IA there were more than 35 sold above asking price, over 104 sold below and more than 39 were sold right at the asked price. In March 2025 in Cedar Rapids, IA there were 11.4% more homes for sale than in February. In March 2025, listings were on the market for 44 days. During the same period, the median list price in this real estate market was $199,927.
From Rocket Homes Real Estate and based on county public records data.