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Wellington Heights Multifamily Homes & Duplexes for Sale

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  • /41

    $199,000

    • 3,667 Sq Ft

    1211 2nd Ave SE, Cedar Rapids, IA 52403

    Excellent multi-family investment opportunity! This property offers four sizable 2-bedroom, 1-bath units, each with historic character and charm. Ideally located within walking distance of Mercy Medical Center, St. Luke’s Hospital, and Coe College, it is well-suited for short-term, mid-term, or long-term rental strategies. Recent improvements include a newly poured concrete pad providing four

    Heather Aswegan Keller Williams Legacy Group

    1211 2nd Ave SE, Cedar Rapids, IA 52403
  • /25

    $225,000

    • 2,776 Sq Ft

    1249 3rd Ave SE, Cedar Rapids, IA 52403

    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,

    Beth Mackey Realty87

    1249 3rd Ave SE, Cedar Rapids, IA 52403
  • /4

    $215,000

    • 6 Beds
    • 4 Baths
    • 2,299 Sq Ft

    809 17th St SE, Cedar Rapids, IA 52403

    Great Investment Opportunity on the SE side of Cedar Rapids! This well-maintained multifamily property features four fully leased units-three-1 bedroom units, and 1-3 bedroom unit. Each unit is individually metered for gas and electricity. Owner pays water/garbage/recycling, and common area heat and electric. A shared, coin-operated laundry is available in the basement for added tenant

    Ross Nusser Urban Acres Real Estate Corridor

    809 17th St SE, Cedar Rapids, IA 52403
  • /28

    $130,000

    • 2,480 Sq Ft

    369 15th St SE, Cedar Rapids, IA 52403

    Great investment opportunity! Check out this upper/lower duplex with many updates. Both units are vacant so you can interview and choose your own tenants. Lower Unit is 2 Bedroom. Upper Unit is 3 Bedroom. NEW ROOF on the property. New flooring in areas of each unit, Updated or refreshed cabinets. Updated bathrooms. New vinyl windows installed with existing updated windows in the units. Tenants

    Tracy Engelbart REAL ESTATE AMERICA, INC.

    369 15th St SE, Cedar Rapids, IA 52403
  • /8

    $165,000

    • 2,748 Sq Ft

    1416 3rd Ave SE, Cedar Rapids, IA 52403

    4-Plex Alert! A rare opportunity to own a charming and income-generating 4-plex in one of Cedar Rapids’ most strategic and revitalized locations—close to the thriving MedQuarter district. Whether you’re a first-time buyer or looking to offset your mortgage with rental income, this property is a smart move.Featuring two spacious 1-bedroom units and two 2-bedroom units, this home offers flexibility

    Cindy Guckenberger Key Realty

    1416 3rd Ave SE, Cedar Rapids, IA 52403

Why Live in Wellington Heights

Wellington Heights in Cedar Rapids, located just a mile northeast of downtown, is a historic neighborhood known for its classic architecture and community spirit. The area features Victorian, Tudor, Craftsman, and American Foursquare homes, many of which have been renovated through ongoing city initiatives. Despite some homes requiring maintenance, the affordability attracts singles and professionals, including Coe College professors who enjoy biking to work. The neighborhood's walkability is a highlight, with well-worn sidewalks and modest front yards contributing to a close-knit community atmosphere. Redmond Park, equipped with playgrounds and a splash pad, serves as a central gathering spot and hosts the annual Art in the Park event. The upcoming $9 million Boys and Girls Club facility will further enhance community resources. Local amenities include familiar food franchises, a Save A Lot, Hy-Vee Grocery Store, and the NewBo City Market, which offers diverse shopping and dining experiences. The Wellington Heights Community Gardens at Peace Corner emphasize food security and local agriculture. Students in the area can attend George Washington High School, which has a high rating and offers numerous AP courses and world languages. The neighborhood is safer than the national average, adding to its appeal for residents.

Home Trends in Wellington Heights, IA

Housing Trends

Median Sale Price
$429,900
Median Single Family Sale Price
$430,950
Median Townhouse Sale Price
$361,500
Median 2 Bedroom Sale Price
$478,650
Median 1 Bedroom Sale Price
$265,000
Average Price Per Sq Ft
$294
Number of Homes for Sale
2
Last 12 months Home Sales
44
Months of Supply
0.50
Median List Price
$429,999
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
10%
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