#2501128, Rob Mccain, Listing Office: Urban Acres Real Estate Corridor
1541 5th Ave SE Cedar Rapids, IA 52403
Property details
About 1541 5th Ave SE
Investment Opportunity! This well-maintained 4-plex offers a fantastic opportunity for investors seeking steady rental income. Conveniently located in Southeast Cedar Rapids, this property is fully occupied with long-term tenants. The property features three 2 bed/1bath units, and one 1bed/1bath unit. Landlord pays water and gas, tenants pay electricity. New roof installed in 2023 and a new concrete walkway was completed in 2022. Don't mis this opportunity to own a sold multi-family investment!
Highlights
(Pending)
Summary
- MLS Number: 2500262
- MLS Name: CDR
- Office Name: Urban Acres Real Estate Corridor
- Office Phone: (800) 746-9464
- Office Email: info@urbanacres.com
- Listing Agent: Ross Nusser
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: 3/15/2025, 2:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$225,000
1541 5th Ave SE
$2,672
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Jan 26, 2022 | Home Sold | $170,000 |
Sep 13, 2019 | Home Sold | $120,000 |
Oct 14, 2009 | Home Sold | $74,000 |
Apr 07, 2005 | Home Sold | $89,500 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $181,700 | $3,166 |
2021 | $135,000 | $3,294 |
2020 | $124,500 | $3,146 |
2018 | $108,100 | $3,208 |
History based on county public records data.
Nearby schools
1
Johnson STEAM Academy
Public District KG-5
0.3 mi
•355 18th St SE
1
Grant Wood Elementary
Public District PK-5
0.9 mi
•645 26th St SE
3
Garfield Elementary
Public District KG-5
1.4 mi
•1201 Maplewood Dr NE
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 $35,750. Typical income of Cedar Rapids, IA residents is less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
Similar homes for sale
This home is located at 1541 5th Ave SE in Cedar Rapids, IA and zip code 52403 in the Wellington Heights neighborhood. This 1,680 square foot home, which was built in 1961, sits on a 0.13 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since January 14, 2025 and is currently priced at $225,000.
Cedar Rapids, IA housing market in February 2025 saw over 16 listings sold above listed price, more than 13 sold at listed price and over 65 sold below. Between January and February 2025, Cedar Rapids, IA real estate market has seen decrease in the number of listings by 5%. Listings spent 52 days on the market in February 2025, and had a median list price of $199,815 during the same period.