Wellington Heights Multifamily Homes & Duplexes for Sale

Historic charm meets modern investment opportunity in this well-maintained three-unit multifamily property located in the heart of Cedar Rapids. Listed on the Historical Registry, this beautifully preserved home features one efficiency apartment, one two-bedroom unit, and one spacious three-bedroom unit with one and a half baths—offering flexibility for a variety of tenant needs.Recent

Courtney Blair SKOGMAN REALTY CORRIDOR

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

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

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.

Rare 4-Plex Investment Opportunity – $150,000 Total ($37,500 per Unit).This fully rented property generates $34,740 gross annual income, offering a projected 20% cap rate at the current price point. The unit mix includes two 1-bedroom and two 2-bedroom apartments, appealing to a broad tenant base. Recent updates include a new roof and interior improvements, supporting long-term stability.

Cindy Guckenberger Key Realty