$150,000
SOLD JUN 30, 2026
-- Bed
-- Bath
2,164 Sq Ft
5,009 Sq Ft Lot

Sale Details

Date Sold: June 30, 2026

$69 Per Sq Ft

17% Below List Price

16 Days on Market

Highlights

  • No HOA
  • Heating System Uses Gas
  • 5-minute walk to Central Park
  • Cooling System Mounted To A Wall/Window

About This Home

As of June 2026

Investment opportunity in the heart of Cedar Rapids! This income-producing fourplex offers a great addition to your portfolio with strong rental potential and recent updates throughout. The property features three 1-bedroom units and one 2-bedroom unit, providing a desirable mix for tenants. Many improvements have already been completed, including updated flooring, fresh paint, and renovated kitchens that give the units a clean, modern feel. Convenient in-town location close to shopping, restaurants, parks, and major roadways. Whether you are looking to expand your investment portfolio or start investing in multifamily properties, this fourplex offers excellent potential and opportunity.

Last Agent to Sell the Property

Laura Merchan

SKOGMAN REALTY Listed on: 05/15/2026

SKOGMAN REALTY

Last Buyer's Agent

Jerome Edwards

Pinnacle Realty LLC

Pinnacle Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,385

Year Built

  • Built in 1900

Lot Details

  • 5,009 Sq Ft Lot
  • Lot Dimensions are 50x100

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,164 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

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

Utilities

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

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 14222-01013-00000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,385

Year Built

Built in 1900

Lot Details

5,009 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.115
  • Co List Office Phone: 319-366-6427
  • MLS Status: Closed
  • Directions: From downtown Cedar Rapids head East on 1st Ave, take a left on 17th St NE, property on the right.
  • 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

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Dimensions: 50x100
  • ResoLotSizeUnits: Acres
  • Parcel Number: 14222-01013-00000

Rental Info

  • Owner Pays: Electricity, Gas, Water

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2385.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2026
Closed on
Jun 26, 2026
Sold by
Bought by
Seller's Agent
Laura Merchan
SKOGMAN REALTY
Buyer's Agent
Jerome Edwards
Pinnacle Realty LLC
List Price
$180,000
Sold Price
$150,000
Premium/Discount to List
-$30,000
-16.67%
Views
72

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-39.83%

Purchase Details

Listed on
Aug 24, 2020
Closed on
Dec 31, 2020
Sold by
Bought by
Seller's Agent
Jeremiah Harris
Pinnacle Realty LLC
Buyer's Agent
Laura Merchan
SKOGMAN REALTY
List Price
$125,000
Sold Price
$105,000
Premium/Discount to List
-$20,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%
Original Mortgage
$78,750
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 29, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,720
Interest Rate
5.79%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $150,000 None Listed On Document
Warranty Deed $112,500 None Available
Warranty Deed -- None Available
Warranty Deed $45,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $78,750 New Conventional
Previous Owner $65,600 Adjustable Rate Mortgage/ARM
Previous Owner $36,720 Unknown
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2026 06/30/26 Sold $150,000 -16.7% $69 / Sq Ft
05/31/2026 05/31/26 Pending -- -- --
05/15/2026 05/15/26 For Sale $180,000 +71.4% $83 / Sq Ft
01/11/2021 01/11/21 Sold $105,000 -7.9% $49 / Sq Ft View Prior Sale
12/01/2020 12/01/20 Pending -- -- --
11/29/2020 11/29/20 Price Changed $114,000 -5.0% $53 / Sq Ft
10/16/2020 10/16/20 Price Changed $120,000 -4.0% $55 / Sq Ft
08/24/2020 08/24/20 For Sale $125,000 -- $58 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,170 $137,800 $28,600 $109,200
2024 $2,132 $127,000 $26,400 $100,600
2023 $2,132 $122,600 $22,000 $100,600
2022 $2,466 $101,100 $22,000 $79,100
2021 $2,400 $101,100 $22,000 $79,100
2020 $2,400 $90,900 $17,600 $73,300
2019 $2,245 $69,300 $17,600 $51,700
2018 $2,056 $69,300 $17,600 $51,700
2017 $1,840 $55,800 $17,600 $38,200
2016 $1,840 $55,800 $17,600 $38,200
2015 $2,390 $69,538 $17,600 $51,938
2014 $2,390 $63,542 $8,100 $55,442
2013 $2,310 $63,542 $8,100 $55,442
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2603424

Cedar Rapids Area Association of REALTORS®

APN: 14222-01013-00000

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