3D tour
$2,672 Closing Credit¹
#2501128, Rob Mccain, Listing Office: Urban Acres Real Estate Corridor
$225,000 List price
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)
(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
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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Seller rebate
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.
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 Boxing
Mexican League Soccer
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
White Castle
Church's Chicken
Golden Corral
What do the neighbors drive?
Chevrolet
Kia
Oldsmobile
What do the neighbors listen to?
Rock
Urban Adult Contemporary
Adult Standards
All data provided by Home Junction and Claritas
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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.
From Rocket Homes Real Estate and based on county public records data.