$1,350,000
$125K PRICE DROP

120 32nd St NE Cedar Rapids, IA 52402

Kenwood Park Neighborhood

Estimated payment $8,742/month

Total Views 219,727
7 Beds
4 Baths
13,248 Sq Ft
$102 Price per Sq Ft

Highlights

  • Living Room
  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • Property is near a bus stop
  • Dining Room

About This Home

**Investment Property Available in Cedar Rapids** This multifamily complex comprises a total of 23 units: - 20 one-bedroom units - 1 two-bedroom unit - 1 three-bedroom unit - 1 efficiency unit Out of the 23 units, 10 have been fully remodeled within the past two years. The units occupied by long-term tenants remain untouched. The property is located in a great area with easy access.

Listing Agent

Matthew Lepic

Lepic-Kroeger, REALTORS Listed on: 10/18/2024

Lepic-Kroeger, REALTORS

Co-Listing Agent

Nicole Lepic

Lepic-Kroeger, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Parking

  • 4 Parking Spaces

Home Design

  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 13,248 Sq Ft Home
  • Living Room
  • Dining Room

Kitchen

  • Oven or Range
  • Microwave

Location

  • Property is near a bus stop

Schools

  • Kenwood Elementary School
  • Franklin Middle School
  • Washington High School

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 141133102500000

Community Details

Overview

  • 23 Units

Building Details

  • Electric Expense $3,000
  • Insurance Expense $15,758
  • Maintenance Expense $6,000
  • Water Sewer Expense $6,000
  • Gross Income $169,720

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: **Investment Property Available in Cedar Rapids** This multifamily complex comprises a total of 23 units: - 20 one-bedroom units - 1 two-bedroom unit - 1 three-bedroom unit - 1 efficiency unit Out of the 23 units, 10 have been fully remodeled within the past two years. The units occupied by long-term tenants remain untouched. The property is located in a great area with easy access.
  • Year Built: 1970
  • Tax Year Report: 2023
  • Subdivision: CR
  • Rental Permit: Yes
  • Water Annually: 6000
  • Directions: 1st Ave. to 32nd St. NE
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, On Bus Line
  • Basement Remarks: Slab
  • Possession R: Negotiable
  • Possible Finance R: 1031 Exchange, Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator, Microwave
  • Sq Ft Above: 13248

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 3000
  • Heating Cooling: Electric, Baseboard, Central, Forced Air

Schools

  • Elementary School: Kenwood
  • Middle School: Franklin
  • High School: Washington
  • High School: Washington
  • Jr Middle School: Franklin
  • Elementary School: Kenwood

Lot Info

  • Lot Dimensions: IRR
  • Zoning: RES

Tax Info

  • Gross Tax County City: 11036
  • Assessor Parcel Number: 141133102500000

Multi Family

  • Units Total: 23

Map

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 Change Sq Ft Price
07/13/2025 07/13/25 Price Changed $1,350,000 -1.8% $102 / Sq Ft
04/28/2025 04/28/25 Price Changed $1,375,000 -1.4% $104 / Sq Ft
04/04/2025 04/04/25 Price Changed $1,395,000 -2.1% $105 / Sq Ft
01/30/2025 01/30/25 Price Changed $1,425,000 -3.4% $108 / Sq Ft
10/18/2024 10/18/24 For Sale $1,475,000 +28.3% $111 / Sq Ft
06/02/2023 06/02/23 Sold $1,150,000 0.0% $87 / Sq Ft
03/29/2023 03/29/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $1,150,000 -- $87 / Sq Ft
Source: Iowa City Area Association of REALTORS®

About the Listing Agent

Matthew Lepic
Matthew Lepic

Lepic-Kroeger, REALTORS

(319) 284-6177

Section Image

Together Matthew and Nicole formed the Lepic Elite Home Team in 2008. They knew that their expansive background in Real Estate would be a huge asset for their clients. Matthew and Nicole’s joint wisdom can guide you to making the best decision so you can feel comfortable in your outcome. They have knowledge, experience and education with new construction, remodeling, investments, development, and also listing your current property or purchasing an existing home. Since Nicole is from Linn County

View Matthew's Profile

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Source: Iowa City Area Association of REALTORS®

MLS Number: 202405889

Iowa City Area Association of REALTORS®

Iowa Linn County Cedar Rapids 52402 Kenwood Park

120 32nd St NE, Cedar Rapids, IA

This home is located at 120 32nd St NE, Cedar Rapids, IA 52402 and is currently priced at $1,350,000, approximately $101 per square foot. This property was built in 1970. 120 32nd St NE is a home located in Linn County with nearby schools including Kenwood Leadership Academy, Franklin Middle School, and George Washington 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.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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Matthew Lepic
Matthew Lepic
Listing Agent Section Image
Lepic-Kroeger, REALTORS
(319) 284-6177