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1249 3rd Avenue SE

Cedar Rapids, IA 52403
  • $300,000
  • STATUS: Active
  • ON SITE: 64 Days
  • MLS #: 2500210
UPDATED: 52 min ago
$300,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,776
    SQFT
  • $108
    $/SQFT
Neighborhood:
SE Quadrant
Type:
Multi-Family
Built:
1900
County:
Linn
Area:
SE Quadrant

School Information

Elementary School:
Johnson
Middle School:
Mckinley
High School:
Washington
School Ratings & Info

Description

This investment property is a five-unit multifamily building (5-plex) consisting of five one-bedroom units. Two of the units are equipped with in-unit laundry, while the remaining three tenants have access to a common laundry area located in the basement. The property has a solid rental history, with consistent occupancy and reliable tenants. The last city inspection was completed in July 2024, ensuring compliance with local housing codes and regulations. Each unit pays their own electric. Owner pays trash, water and common area electric.

Monthly Payment Calculator

© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. 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 deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2025-03-16T13:42:53.873.
www.realtybrotherscr.com/homes/159336587
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1249 3rd Avenue SE Cedar Rapids, IA 52403

  • Price: $300,000
  • Status: Active
  • On Site: 64 Days
  • Updated: 52 min ago
  • MLS #: 2500210
0
Beds
0
Baths
0
½ Baths
0.13
Acres
2,776
SQFT
$108
$/SQFT
1900
Built
Neighborhood:
SE Quadrant
County:
Linn
Area:
SE Quadrant
Elementary School:
Johnson
Middle School:
Mckinley
High School:
Washington
Property Description
This investment property is a five-unit multifamily building (5-plex) consisting of five one-bedroom units. Two of the units are equipped with in-unit laundry, while the remaining three tenants have access to a common laundry area located in the basement. The property has a solid rental history, with consistent occupancy and reliable tenants. The last city inspection was completed in July 2024, ensuring compliance with local housing codes and regulations. Each unit pays their own electric. Owner pays trash, water and common area electric.
Exterior Features

Construction Materials Frame Wood Siding Parking Features Parking Space(s)

Interior Features

Basement Full Basement YN Yes Cooling See Remarks Wall / Window Unit(s) Cooling YN Yes Heating See Remarks Electric Heating YN Yes Laundry Features Common Area In Unit

Property Features

Gross Income 45600 Listing Terms Cash Conventional Owner Pays Electricity Gas Possession Immediately Property Sub Type Multi Family Property Sub Type Additional Multi Family Sewer Public Sewer Tax Annual Amount 1820 Tenant Pays Electricity Water Source Public

Listing information © 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Beth Mackey of COLDWELL BANKER HEDGES: 319-378-8760.
© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. 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 deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2025-03-16T13:42:53.873.
 
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Rosekrans Stines Team | RE/MAX Concepts
5235 Buffalo Ridge Dr
Cedar Rapids IA, 52411