NOT LISTED FOR SALE

1311-1317 Oakland Rd NE Cedar Rapids, IA 52402

2 Beds
-- Bath
18,351 Sq Ft
1.25 Acres

Last Sold December 01, 2023

Last sale price $1,500,000 $82 Per Sq Ft

3 Days on Market

About This Home

As of December 2023

Completely renovated luxury apartment!

Some amenities include:
-on-site laundry (1st floor)
-off street parking access
-Dishwasher
-Garage available at additional cost
-Central heating and cooling

Welcome to OakLee on Oakland Road previously known as the Medallion Apartments are now under new management and beautifully renovated. These cozy one bedroom one bathroom apartment's have a fresh start on life, new paint, appliances, floors, cabinets, bathroom, and spacious bedroom closet! This property is conveniently located within minutes of Interstate 380, shopping, groceries, entertainment, public transportation and downtown where you can find downtowns finest restaurants and cultural hotspots!

The only utility the tenant pays is electricity. Water, garbage and sewer included.

MOVE IN SPECIAL - One month free when you apply by March 31st

Offered by FreedomREMI. $45 application processing fee - we check credit, criminal background, rental history, and income/job verification.

Last Agent to Sell the Property

Darin Garman

HEARTLAND INVESTMENT REAL ESTATE, LLC Listed on: 09/18/2023

Last Buyer's Agent

Cat Brown

Move In-Out, Real Estate, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,402

Year Built

  • 1969

Lot Details

  • 1.25 Acre Lot

Home Design

  • 18,351 Sq Ft Home
  • Frame Construction
  • Vinyl Construction Material

Utilities

  • Central Air
  • Heating Available
  • Separate Meters

Community Details

  • Gross Income $230,154
  • Net Operating Income $100,284

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, electricity, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,402

Year Built

1969

Lot Details

0

Listing Details

  • Acres: 1.2530
  • City Name: Cedar Rapids
  • Condo Co-Op YN: Yes
  • Gross Tax: 28402
  • Miscellaneous: Common Laundry-Leased, Parking Spaces, Sep. Meter – Electric
  • Net Tax: 28402
  • Noof Units Efficiency: 1
  • Noof Units One Bedroom: 23
  • Noof Units Two Bedroom: 12
  • Property Sub Types: 5+ Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 1.00134
  • Ratio Close Price By Original Li: 1.00134
  • Ratio Current Price By Sq Ft: 81.74
  • Total Sq Ft: 18351
  • Style St: Flat/Apartment
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Exterior Features

  • Construction Methods: Frame
  • Exterior: Partial Brick, Vinyl, Wood

Utilities

  • Heating Cooling: Central Air, Electricity Heat

Schools

  • Elementary School: Garfield
  • Middle School: Franklin
  • High School: Washington

Lot Info

  • Lot Size: 54581

Rental Info

  • Owner Pays: Water, Electricity, Gas
  • Total Expenses: 129868

Multi Family

  • Gross Income: 230154
  • Net Operating Income: 100284.00

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

Property History

Date Event Price Change Sq Ft Price
05/24/2025 05/24/25 Off Market $625 -- --
03/24/2025 03/24/25 Price Changed $625 -10.1% $1 / Sq Ft
06/14/2024 06/14/24 Price Changed $695 -4.1% $1 / Sq Ft
03/27/2024 03/27/24 Price Changed $725 0.0% $1 / Sq Ft
03/27/2024 03/27/24 For Rent $725 0.0% --
12/01/2023 12/01/23 Sold $1,500,000 +0.1% $82 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
09/18/2023 09/18/23 For Sale $1,498,000 0.0% $82 / Sq Ft
08/08/2023 08/08/23 For Rent $540 0.0% --
07/13/2023 07/13/23 For Rent $540 0.0% --
06/19/2023 06/19/23 For Rent $540 0.0% --
09/14/2021 09/14/21 For Rent $540 -- --
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 2023

    Darin Garman

    HEARTLAND INVESTMENT REAL ESTATE, LLC

    (319) 540-9070

    27 Total Sales

    Darin Garman
    Section Image
  • Cat Brown

    Buyer's Agent in 2023

    Cat Brown

    Move In-Out, Real Estate, Inc

    (319) 560-3131

    53 Total Sales

    Cat Brown
    Section Image
See All Agents

Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2306163

Cedar Rapids Area Association of REALTORS®

APN: 14161-79007-00000

Iowa Linn County Cedar Rapids 52402

1311-1317 Oakland Rd NE, Cedar Rapids, IA

This home is located at 1311-1317 Oakland Rd NE, Cedar Rapids, IA 52402 since 18 September 2023. This property was built in 1969. 1311-1317 Oakland Rd NE is a home located in Linn County with nearby schools including Garfield Elementary School, 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.

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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