$310,000
SOLD MAR 14, 2025

119 Rapids Ave SW Cedar Rapids, IA 52404

Southwest Area Neighborhood
-- Bed
-- Bath
5,040 Sq Ft
0.35 Acres

Recently Sold

$62 Per Sq Ft

4% Below List Price

146 Days on Market

Highlights

  • 0.35 Acre Lot
  • Garage
  • 3-minute walk to Hayes Park
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas

About This Home

As of March 2025

This home is located at 119 Rapids Ave SW, Cedar Rapids, IA 52404 and is currently priced at $310,000, approximately $61 per square foot. This property was built in 1948. 119 Rapids Ave SW is a home located in Linn County with nearby schools including Grant Elementary School, Wilson Middle School, and Thomas Jefferson High School.

Last Agent to Sell the Property

Darin Garman

HEARTLAND INVESTMENT REAL ESTATE, LLC Listed on: 10/15/2024

Last Buyer's Agent

Isaiah Garman

HEARTLAND INVESTMENT REAL ESTATE, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,657

Year Built

  • Built in 1948

Lot Details

  • 0.35 Acre Lot

Parking

  • Garage

Home Design

  • 5,040 Sq Ft Home
  • Brick Exterior Construction
  • Frame Construction

Schools

  • Wilson Elementary And Middle School
  • Jefferson High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, water
  • Assessor Parcel Number 143423001800000

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $15,770
  • Gross Income $40,617
  • Net Operating Income $24,847

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,657

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Zoning: MultiFam
  • Property Sub-Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Lot Size Acres: 0.353
  • Reso Pets Allowed: See Remarks
  • Co List Office Phone: 319-350-5378
  • MLS Status: Closed
  • Directions: 19th Ave SW, Lt onto Rapids Ave SW
  • Year Built: 1948
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: See Remarks

Exterior Features

  • Construction Type: Brick, Frame

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Parking Space(s)

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Wilson
  • High School: Jefferson
  • Middle Or Junior School: Wilson

Lot Info

  • Lot Dimensions: .353 Acre
  • ResoLotSizeUnits: Acres
  • Parcel Number: 143423001800000
  • Zoning Description: MultiFam
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Gas, Water

Multi Family

  • Gross Income: 40617.0
  • Net Operating Income: 24847.0
  • Number Of Units Total: 5
  • Annual Operating Expense: 15770.0
  • Tenant Pays: Electricity

Tax Info

  • Tax Annual Amount: 5657.0

Range of Values:

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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
03/14/2025 03/14/25 Sold $310,000 -4.0% $62 / Sq Ft
03/10/2025 03/10/25 Pending -- -- --
03/10/2025 03/10/25 For Sale $323,000 +4.2% $64 / Sq Ft
02/28/2025 02/28/25 Off Market $310,000 -- --
12/20/2024 12/20/24 Price Changed $323,000 -3.4% $64 / Sq Ft
10/15/2024 10/15/24 For Sale $334,500 -- $66 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Darin Garman

    Seller's Agent in 2025

    Darin Garman

    HEARTLAND INVESTMENT REAL ESTATE, LLC

    (319) 540-9070

    1 in this area

    27 Total Sales

    Darin Garman
    Section Image

  • I

    Buyer's Agent in 2025

    Isaiah Garman

    HEARTLAND INVESTMENT REAL ESTATE, LLC

    (319) 540-9070

    1 in this area

    3 Total Sales

    Isaiah Garman
    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2407223

Cedar Rapids Area Association of REALTORS®
Iowa Linn County Cedar Rapids 52404 Southwest Area

119 Rapids Ave SW, Cedar Rapids, IA

This home is located at 119 Rapids Ave SW, Cedar Rapids, IA 52404 and is currently priced at $310,000, approximately $61 per square foot. This property was built in 1948. 119 Rapids Ave SW is a home located in Linn County with nearby schools including Grant Elementary School, Wilson Middle School, and Thomas Jefferson High School.

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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