$335,000

1400 7th Ave SW Cedar Rapids, IA 52404

Taylor Neighborhood

Estimated payment $2,064/month

Total Views 1,592
-- Bed
-- Bath
3,360 Sq Ft
$100 Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Wood Siding
  • 5-minute walk to Veterans Memorial Park
  • Hot Water Heating System

About This Home

Fully rented building in a convenient location. There are 6 studio units with own bathrooms and kitchenette and one 2 bedroom unit. There is a private parking lot in rear of building. Coin operated washer and dryer included. Many long term tenants. Exterior was just freshly painted this summer!

Listing Agent

Rachael Ray

SKOGMAN REALTY Listed on: 10/01/2025

SKOGMAN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,727

Year Built

  • Built in 1966

Lot Details

  • 9,409 Sq Ft Lot
  • Lot Dimensions are 82.5x114

Home Design

  • Frame Construction
  • Wood Siding

Interior Spaces

  • 3,360 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Cedar River Academy Elementary School
  • Wilson Middle School
  • Jefferson High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Hot Water Heating System

Listing and Financial Details

  • The owner pays for gas, water
  • Assessor Parcel Number 142930301100000

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $15,579
  • Gross Income $55,320
  • Net Operating Income $39,741

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,727

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Lot Size Acres: 0.216
  • Co List Office Phone: 319-366-6427
  • MLS Status: Active
  • Directions: 1st Ave to 15th St SW to 7th Ave SW
  • Year Built: 1966
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Type: Frame, Wood Siding

Garage/Parking

  • Parking Features: Parking Space(s)
  • Total Parking Spaces: 7.0

Utilities

  • Utilities: Separate Meters
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Hot Water
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Cedar River Academy
  • High School: Jefferson
  • Middle Or Junior School: Wilson

Lot Info

  • Lot Dimensions: 82.5X114
  • ResoLotSizeUnits: Acres
  • Parcel Number: 142930301100000

Rental Info

  • Owner Pays: Gas, Water

Multi Family

  • Gross Income: 55320.0
  • Net Operating Income: 39741.0
  • Number Of Units Total: 7
  • Annual Operating Expense: 15579.0
  • Tenant Pays: Electricity

Tax Info

  • Tax Annual Amount: 3727.0

Map

Range of Values:

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Average Value
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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 List to Sale Price per Sq Ft Prior Sale
10/01/2025 10/01/25 For Sale $335,000 +27.9% $100 / Sq Ft
10/23/2020 10/23/20 Sold $262,000 -1.1% $78 / Sq Ft View Prior Sale
09/11/2020 09/11/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $265,000 -- $79 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2508287

Cedar Rapids Area Association of REALTORS®
Iowa Linn County Cedar Rapids 52404 Taylor

1400 7th Ave SW, Cedar Rapids, IA

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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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Rachael Ray
Listing Agent
Rachael Ray
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SKOGMAN REALTY
(319) 458-5818