$185,000
SOLD SEP 8, 2025

1211 2nd Ave SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood
-- Bed
-- Bath
3,667 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$50 Per Sq Ft

7% Below List Price

11 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 4-minute walk to Wellington Park

About This Home

As of September 2025

Excellent multi-family investment opportunity! This property offers four sizable 2-bedroom, 1-bath units, each with historic character and charm. Ideally located within walking distance of Mercy Medical Center, St. Luke’s Hospital, and Coe College, it is well-suited for short-term, mid-term, or long-term rental strategies. Recent improvements include a newly poured concrete pad providing four dedicated off-street parking spaces. Photos are from 2022 post seller renovations. Property is subject to 48-hour tenant rights.

Last Agent to Sell the Property

Heather Aswegan

Keller Williams Legacy Group Listed on: 07/28/2025

Keller Williams Legacy Group

Last Buyer's Agent

Heather Aswegan

Keller Williams Legacy Group Listed on: 07/28/2025

Keller Williams Legacy Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,847

Year Built

  • Built in 1880

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 140x50

Home Design

  • Frame Construction
  • Stucco

Interior Spaces

  • 3,667 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Johnson Elementary School
  • Mckinley Middle School
  • Washington High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for electricity, water
  • Assessor Parcel Number 14223-27007-00000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Pet Policy

  • No Pets Allowed

Building Details

  • Operating Expense $11,240
  • Gross Income $22,200
  • Net Operating Income $10,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,847

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Lot Size Acres: 0.16
  • Reso Pets Allowed: No
  • Co List Office Phone: 319-423-4389
  • MLS Status: Closed
  • Directions: 1st ave to 12th street to 2nd ave to 1211 2nd ave
  • Year Built: 1880
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Type: Frame, Stucco

Garage/Parking

  • Parking Features: Parking Space(s)
  • Total Parking Spaces: 4.0

Utilities

  • Utilities: Separate Meters
  • Sewer: Public Sewer
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Johnson
  • High School: Washington
  • Middle Or Junior School: McKinley

Lot Info

  • Lot Dimensions: 140x50
  • ResoLotSizeUnits: Acres
  • Parcel Number: 14223-27007-00000

Rental Info

  • Owner Pays: Electricity, Water

Multi Family

  • Gross Income: 22200.0
  • Net Operating Income: 10960.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 11240.0
  • Tenant Pays: Gas

Tax Info

  • Tax Annual Amount: 2847.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2021
Sold by
Lingo Charles C and Lingo Judith K
Bought by
Quillin Mark and Quillin Enriqueta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,750
Outstanding Balance
$102,400
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$73,928
Source: Public Records

Range of Values:

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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

Date Type Sale Price Title Company
Warranty Deed $149,000 River Ridge Escrow Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $111,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2025 09/08/25 Sold $185,000 -7.0% $50 / Sq Ft
08/08/2025 08/08/25 Pending -- -- --
07/28/2025 07/28/25 For Sale $199,000 +33.6% $54 / Sq Ft
11/15/2022 11/15/22 Sold $149,000 -3.9% $21 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
07/26/2021 07/26/21 For Sale $155,000 -- $22 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2025 $2,668 $146,600 $22,000 $124,600
2024 $2,536 $142,600 $22,000 $120,600
2023 $2,536 $140,600 $20,000 $120,600
2022 $2,934 $112,200 $16,000 $96,200
2021 $2,806 $112,200 $16,000 $96,200
2020 $2,806 $99,300 $10,000 $89,300
2019 $2,002 $64,900 $10,000 $54,900
2018 $2,092 $64,900 $10,000 $54,900
2017 $2,386 $66,700 $10,000 $56,700
2016 $2,386 $66,700 $10,000 $56,700
2015 $3,306 $87,600 $10,000 $77,600
2014 $3,306 $85,661 $11,340 $74,321
2013 $3,420 $85,661 $11,340 $74,321
Source: Public Records

Agents Affiliated with this Home

  • Heather Aswegan

    Seller's Agent in 2025

    Heather Aswegan

    Keller Williams Legacy Group

    (319) 560-2823

    4 in this area

    264 Total Sales

    Heather Aswegan
    Section Image
  • Darin Garman

    Seller's Agent in 2022

    Darin Garman

    HEARTLAND INVESTMENT REAL ESTATE, LLC

    (319) 540-9070

    1 in this area

    26 Total Sales

    Darin Garman
    Section Image
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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2506593

Cedar Rapids Area Association of REALTORS®

APN: 14223-27007-00000

Iowa Linn County Cedar Rapids 52403 Wellington Heights

1211 2nd Ave SE, Cedar Rapids, IA

This home is located at 1211 2nd Ave SE, Cedar Rapids, IA 52403 and is currently priced at $185,000, approximately $50 per square foot. This property was built in 1880. 1211 2nd Ave SE is a home located in Linn County with nearby schools including Johnson STEAM Academy, McKinley STEAM Academy, 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.

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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