$35,000
SOLD MAR 1, 2012

1249 3rd Ave SE Cedar Rapids, IA 52403

Wellington Heights Neighborhood
4 Beds
4 Baths
2,776 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$13 Per Sq Ft

22% Below List Price

15 Days on Market

Highlights

  • Living Room
  • Heating System Uses Steam
  • 3-minute walk to Wellington Park

About This Home

As of July 2021

PRICED FOR QUICK SALE. RARE 5-PLEX FOR UNDER $50K. 4/5 UNITS ARE RENTED AND ARE CURRENTLY MONTH-TO-MONTH. EXTEND THE LEASES OR START OVER WITH NEW TENANTS. BANK OWNED, SOLD AS-IS, WITH NO DISCLOSURE. ALL 1 BEDROOM UNITS WITH LARGE LIVING ROOMS. CALL LISTING AGENT FOR DETAILS.

Last Agent to Sell the Property

Stefan Doerrfeld

Twenty40 Real Estate + Development Listed on: 02/05/2012

Last Buyer's Agent

Nonmember NONMEMBER

NONMEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 40x140

Interior Spaces

  • 2,776 Sq Ft Home
  • Living Room
  • Basement Fills Entire Space Under The House

Schools

  • Arthur Elementary School
  • Mckinley Middle School
  • Washington High School

Utilities

  • Heating System Uses Steam
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 142232600500000

Community Details

Overview

  • 5 Units
  • Cedar Rapids Subdivision

Building Details

  • Gross Income $15,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: PRICED FOR QUICK SALE. RARE 5-PLEX FOR UNDER $50K. 4/5 UNITS ARE RENTED AND ARE CURRENTLY MONTH-TO-MONTH. EXTEND THE LEASES OR START OVER WITH NEW TENANTS. BANK OWNED, SOLD AS-IS, WITH NO DISCLOSURE. ALL 1 BEDROOM UNITS WITH LARGE LIVING ROOMS. CALL LISTING AGENT FOR DETAILS.
  • T Val: 35000
  • Year Built: 1900
  • Tax Year Report: 2009
  • Subdivision: Cedar Rapids
  • Rental Permit: Yes
  • Directions: 1st Ave to 10th St SE to 3rd Ave SE
  • L O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights
  • Basement Remarks: Full
  • Possession R: At Closing
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Sq Ft Above: 2776

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Steam/Hotwater, Other Cooling

Condo/Co-op/Association

  • Fees Include: None

Schools

  • Elementary School: Arthur
  • Middle School: Mckinley
  • High School: Washington
  • High School: Washington
  • Jr Middle School: Mckinley
  • Elementary School: Arthur

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 40x140
  • Zoning: Commercial

Tax Info

  • Gross Tax County City: 2704
  • Assessor Parcel Number: 142232600500000

Multi Family

  • Units Total: 5

Range of Values:

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Sold Price
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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
07/14/2025 07/14/25 Price Changed $225,000 -2.2% $81 / Sq Ft
06/21/2025 06/21/25 Price Changed $230,000 -4.2% $83 / Sq Ft
06/04/2025 06/04/25 Price Changed $240,000 -2.0% $86 / Sq Ft
06/01/2025 06/01/25 Price Changed $245,000 -3.9% $88 / Sq Ft
05/22/2025 05/22/25 For Sale $255,000 +328.6% $92 / Sq Ft
07/06/2021 07/06/21 Sold $59,500 -0.7% $21 / Sq Ft
04/01/2021 04/01/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $59,900 +71.1% $22 / Sq Ft
03/01/2012 03/01/12 Sold $35,000 0.0% $13 / Sq Ft
03/01/2012 03/01/12 Sold $35,000 -22.0% $13 / Sq Ft
02/20/2012 02/20/12 Pending -- -- --
02/20/2012 02/20/12 Pending -- -- --
02/05/2012 02/05/12 For Sale $44,900 -25.0% $16 / Sq Ft
12/09/2010 12/09/10 For Sale $59,900 -- $22 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2025

    Beth Mackey

    Realty87

  • E

    Seller's Agent in 2021

    Ed Carson

    Realty87

  • T

    Buyer's Agent in 2021

    Taylor Bergen

    Realty87

  • S

    Seller's Agent in 2012

    Stefan Doerrfeld

    Twenty40 Real Estate + Development

  • N

    Buyer's Agent in 2012

    Nonmember NONMEMBER

    NONMEMBER

See All Agents

Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20120886

Iowa City Area Association of REALTORS®

Iowa Linn County Cedar Rapids 52403 Wellington Heights

1249 3rd Ave SE, Cedar Rapids, IA

This home is located at 1249 3rd Ave SE, Cedar Rapids, IA 52403 and is currently priced at $35,000, approximately $12 per square foot. This property was built in 1900. 1249 3rd Ave SE is a home located in Linn County with nearby schools including Johnson Elementary School, 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.

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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