NOT LISTED FOR SALE
-- Beds
-- Baths
3,360 Sq Ft
9,409 Sq Ft Lot

Sale Details

Date Sold: December 15, 2025

Last sale price $335,000 $100 Per Sq Ft

40 Days on Market

Highlights

  • Hot Water Heating System
  • Wood Siding
  • 5-minute walk to Veterans Memorial Park

About This Home

As of December 2025

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!

Last Agent to Sell the Property

Rachael Ray

SKOGMAN REALTY Listed on: 10/01/2025

Last Buyer's Agent

Brook Adkins

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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

  • Tenant pays for electricity
  • 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

9,409 Sq Ft Lot

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: Closed
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2025
Closed on
Dec 15, 2025
Sold by
Nelson Properties & Mgmt Llc
Bought by
Seller's Agent
Rachael Ray
SKOGMAN REALTY
Buyer's Agent
Brook Adkins
Realty87
List Price
$335,000
Sold Price
$335,000
Views
45

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Outstanding Balance
$266,445
Interest Rate
6.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 8, 2020
Closed on
Oct 21, 2020
Sold by
H & S Properties Llc
Bought by
Nelson Properties & Mgmt Llc
Seller's Agent
Tony Hocamp
Sandersfeld Realty Company
Buyer's Agent
Rachael Ray
SKOGMAN REALTY
List Price
$265,000
Sold Price
$262,000
Premium/Discount to List
-$3,000
-1.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.89%
Original Mortgage
$262,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 31, 1998
Sold by
Ackermann William F
Bought by
H & S Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
6.95%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$335,000 None Listed On Document
Nelson Properties & Mgmt Llc $418,400 Pilkington John W
Nelson Properties & Mgmt Llc $262,000 None Available
H & S Properties Llc $129,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $268,000
Closed Nelson Properties & Mgmt Llc $262,000
Previous Owner Nelson Properties & Mgmt Llc $209,600
Previous Owner H & S Properties Llc $97,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2025 12/15/25 Sold $335,000 0.0% $100 / Sq Ft
11/10/2025 11/10/25 Pending -- -- --
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®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,456 $205,800 $23,500 $182,300
2024 $4,100 $195,300 $23,500 $171,800
2023 $4,100 $195,300 $23,500 $171,800
2022 $4,742 $194,400 $23,500 $170,900
2021 $3,890 $194,400 $23,500 $170,900
2020 $3,890 $147,300 $18,800 $128,500
2019 $4,002 $147,300 $18,800 $128,500
2018 $4,182 $140,900 $18,800 $122,100
2017 $4,058 $128,600 $18,800 $109,800
2016 $4,238 $128,600 $18,800 $109,800
2015 $4,768 $138,775 $18,810 $119,965
2014 $4,768 $138,775 $18,810 $119,965
2013 $5,046 $138,775 $18,810 $119,965
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2508287

Cedar Rapids Area Association of REALTORS®
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