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Northwest Area Multifamily Home for Sale

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    $115,000

    • 1,384 Sq Ft

    418 A Ave NW, Cedar Rapids, IA 52405

    Great income investment property. Check out this up/down duplex close to downtown. Lower unit(1 bedroom)rents for $625/mo upper unit(2 bedroom) rents for $675/mo. Lower tenant has been there for 15 yrs and upper tenant for 3 yrs. Tenants pay electric and gas and owner pays water/sewer/garbage. This is a Section 8 approved property with guaranteed rental income. Property has laundry in

    Mark Christianson Keller Williams Legacy Group

    418 A Ave NW, Cedar Rapids, IA 52405

Why Live in Northwest Area

The Northwest Area in Cedar Rapids, located along the Cedar River, is a primarily residential neighborhood just 1 mile from downtown. Known for its community spirit and resilience, the area is undergoing a rebuilding process following the 2008 Iowa Flood, with efforts set to begin in summer 2024. The neighborhood features a mix of Craftsman, Cape Cod, bungalows, split-levels, and ranch-style homes, with newer constructions and riverside condos also available. Recreational activities are a major draw, with Time Check Park and the expansive Ellis Park offering sports courts, fields, a boat harbor, baseball diamonds, and an 18-hole golf course. The Northwest Recreation Center provides a gymnasium, game rooms, and lounges. The Mother Mosque of America, now the Islamic Cultural and Heritage Center, is a notable landmark. Interstate 380 offers a direct route to Iowa City, while Cedar Rapids’ downtown and Mercy Medical Park are just a mile away. The Eastern Iowa Airport is 9 miles south. Public transportation is accessible via the Cedar Rapids Transit bus line. Local dining and nightlife options include Rumors Bar and Grill, Cedar River Landing, and Casey's. Community events such as harbor-view fireworks on Independence Day and National Night Out foster strong neighborhood bonds. The area is considered safer than the national average, supported by active community groups like Matthew 25, which provides food and housing assistance.

Home Trends in Northwest Area, IA

Housing Trends

Median Sale Price
$301,250
Median Single Family Sale Price
$305,000
Average Price Per Sq Ft
$196
Number of Homes for Sale
3
Last 12 months Home Sales
55
Months of Supply
0.70
Median List Price
$350,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-11%
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