$225,000

1541 5th Ave SE Cedar Rapids, IA 52403

$2,672
Closing credit¹
1,680 sqft
0.1 acres
$134 / sqft
Multi-Family

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

Home typeMulti Family
HeatingHot Water
StatusSale Pending
(Pending)
Size1,680 sqft
Lot size0.129 Acres
Year built1961
ParkingParking Space(s)
MLS #2500262

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

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: 3/15/2025, 10:20:48 AM 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

raised ranch featuring a front yard and cooling unit

$225,000

1541 5th Ave SE

$2,672

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
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

YearAssessmentProperty 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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $35,750. The majority of Cedar Rapids, IA residents have income less than $<35k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

49%
<35k
49%
35k-100k
2%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

44%
Single, No Kids
24%
Single, with Kids
15%
Married, No Kids
17%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

23%
<11 yrs old
11%
12-17 yrs old
27%
18-34 yrs old
34%
35-64 yrs old
5%
65+ yrs old

What do the neighbors do for fun?

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

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • BurlingtonBurlington
  • Big LotsBig Lots

Where do the neighbors go to eat?

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

What do the neighbors drive?

  • ChevroletChevrolet
  • KiaKia
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • RockRock
  • Urban Adult ContemporaryUrban Adult Contemporary
  • Adult StandardsAdult Standards
All data provided by Home Junction and Claritas

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.

While more than 16 listings in Cedar Rapids, IA in February 2025 were sold above asking price, there were more than 13 listings sold at asking price, and more than 65 were 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.

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

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