116 15th St NE Cedar Rapids, IA 52402
Mound View NeighborhoodEstimated payment $1,557/month
Highlights
- No HOA
- Fenced
- 5-minute walk to Central Park
- Forced Air Heating and Cooling System
About This Home
Loads of potential in this Cedar Rapids multiplex. The main floor offers 2 commercial spaces with an office, store front, storage and a single bathroom each. These units could be converted into residential rental units if needed. 2 main floor commercial units are currently vacant. Upstairs offers 2 separate 3-bedroom, 1-bathroom units. Each unit is fully furnished and furnishings are included. The upstairs units are currently rented by the single room and the units share the kitchen, living space. Current tenants are short-term contracts that can be extended if a new buyer chooses or the units could be rented as 2 separate 3-bedroom units. There are 4 updated HVAC units for each of the 2 commercial spaces and the 2 rental units upstairs. Updates include newer vinyl siding, windows and roof.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,927
Year Built
- Built in 1913
Lot Details
- 2,483 Sq Ft Lot
- Fenced
Home Design
- Frame Construction
- Vinyl Siding
- Masonry
- Stucco
Interior Spaces
- 3,565 Sq Ft Home
- Basement Fills Entire Space Under The House
Schools
- Trailside Elementary School
- Franklin Middle School
- Washington High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 142221301000000
Community Details
Overview
- No Home Owners Association
- 8 Units
Building Details
- Operating Expense $688
- Gross Income $3,877
- Net Operating Income $3,189
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $2,316 | $106,400 | $7,500 | $98,900 |
| 2022 | $2,458 | $109,800 | $7,500 | $102,300 |
| 2021 | $2,334 | $109,800 | $7,500 | $102,300 |
| 2020 | $2,334 | $97,200 | $7,500 | $89,700 |
| 2019 | $2,394 | $93,825 | $4,125 | $89,700 |
| 2018 | $1,346 | $93,825 | $4,125 | $89,700 |
| 2017 | $1,392 | $40,500 | $7,500 | $33,000 |
| 2016 | $1,392 | $40,500 | $7,500 | $33,000 |
| 2015 | $1,036 | $98,051 | $7,500 | $90,551 |
| 2014 | $2,364 | $98,968 | $7,500 | $91,468 |
| 2013 | $2,852 | $98,968 | $7,500 | $91,468 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/04/2025 03/04/25 | For Sale | $249,900 | -- | $70 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $62,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $160,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $61,500 | Unknown | |
| Closed | $55,000 | Unknown |
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2501372
APN: 14222-13010-00000
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