$210,000

116 17th St NE Cedar Rapids, IA 52402

Mound View Neighborhood

Estimated payment $1,331/month

Total Views 2,050
-- Bed
-- Bath
2,438 Sq Ft
$86 Price per Sq Ft

Highlights

  • Hot Water Heating System
  • Garage
  • 5-minute walk to Central Park

About This Home

This very nice 5-plex on the desirable northeast side of town has been exceptionally well cared for—no work needed, just move in and start collecting rent! Two of the units feature private decks off the back, offering added appeal to tenants. The property also includes a two-stall garage and ample off-street parking.

Rent rolls are strong, making this a great investment opportunity in a market where multi-family properties like this are hard to find. Don’t miss your chance to own a turnkey building in a great location! Seller is licensed in Iowa

Listing Agent

Chris Puckett

Realty87 Listed on: 09/24/2025

Realty87

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,692

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 50 x 100

Parking

  • Garage

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,438 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Trailside Elementary School
  • Franklin Middle School
  • Washington High School

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 142220101400000

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $12,052
  • Gross Income $36,000
  • Net Operating Income $23,948

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,692

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Co List Office Phone: 319-378-8760
  • MLS Status: Active
  • Directions: 1st Ave E, turn Lt onto 17th St, building is on the Rt
  • Year Built: 1900
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Type: Frame, Vinyl Siding

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Parking Space(s)
  • Total Parking Spaces: 2.0

Utilities

  • Sewer: Public Sewer
  • Heating: Gas, Hot Water
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Trailside
  • High School: Washington
  • Middle Or Junior School: Franklin

Lot Info

  • Lot Dimensions: 50 X 100
  • ResoLotSizeUnits: Acres
  • Parcel Number: 142220101400000

Rental Info

  • Owner Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 36000.0
  • Net Operating Income: 23948.0
  • Number Of Units Total: 5
  • Annual Operating Expense: 12052.0

Tax Info

  • Tax Annual Amount: 2692.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2025 09/24/25 For Sale $210,000 -- $86 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2508114

Cedar Rapids Area Association of REALTORS®
Iowa Linn County Cedar Rapids 52402 Mound View

116 17th St NE, Cedar Rapids, IA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cedar Rapids Area Association of REALTORS® IDX information is provided exclusively for 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 not guaranteed.

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Listing Agent
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