C
Seller's Agent in 2026
Cindy Guckenberger
Key Realty
(319) 210-3533
2 in this area
57 Total Sales
1416 3rd Ave SE Cedar Rapids, IA 52403
Wellington Heights NeighborhoodEstimated Value: $129,000 - $156,000
6
Beds
4
Baths
2,748
Sq Ft
$52/Sq Ft
Est. Value
Highlights
- Cooling System Mounted To A Wall/Window
- Shed
- Garage
- Storage
- Forced Air Heating System
- 4-minute walk to Redmond Park
About This Home
As of February 2026Rare 4-Plex Investment Opportunity – $150,000 Total ($37,500 per Unit).
This fully rented property generates $34,740 gross annual income, offering a projected 20% cap rate at the current price point. The unit mix includes two 1-bedroom and two 2-bedroom apartments, appealing to a broad tenant base. Recent updates include a new roof and interior improvements, supporting long-term stability. Tenants are on month-to-month leases, providing flexibility for future rent adjustments. Located in Cedar Rapids’ MedQuarter district near major employers and downtown amenities, this asset combines affordability, strong returns, and long-term potential. Firm at $150,000 – priced to sell.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,994
Year Built
- Built in 1898
Lot Details
- 5,619
Parking
- Garage
Home Design
- Frame Construction
- Wood Siding
Interior Spaces
- 2,748 Sq Ft Home
- Storage
Schools
- Grant Elementary School
- Mckinley Middle School
- Washington High School
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Heating System Uses Gas
Additional Features
- Shed
- 5,619 Sq Ft Lot
Community Details
- 4 Units
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for gas, water
- Assessor Parcel Number 142228301600000
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
Mar 17, 2025
Closed on
Feb 15, 2026
Sold by
Bought by
Seller's Agent
Cindy Guckenberger
Key Realty
Buyer's Agent
Rossilyn Babington
Pinnacle Realty LLC
List Price
$150,000
Sold Price
$150,000
Views
94
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,500
Avg. Annual Appreciation
-18.55%
Original Mortgage
$136,000
Outstanding Balance
$136,000
Interest Rate
6.06%
Mortgage Type
New Conventional
Estimated Equity
$6,500
Purchase Details
Closed on
Jul 7, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
7.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 17, 2013
Sold by
Bought by
Purchase Details
Closed on
Mar 17, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,955
Interest Rate
6%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $150,000 | None Listed On Document | ||
| $160,000 | None Listed On Document | ||
| $160,000 | None Listed On Document | ||
| -- | None Available | ||
| $65,500 | None Available |
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 | $136,000 | ||
| Previous Owner | $128,000 | ||
| Previous Owner | $55,955 |
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 |
|---|---|---|---|---|
| 02/27/2026 02/27/26 | Sold | $150,000 | 0.0% | $55 / Sq Ft |
| 12/18/2025 12/18/25 | Pending | -- | -- | -- |
| 11/07/2025 11/07/25 | For Sale | $150,000 | 0.0% | $55 / Sq Ft |
| 11/05/2025 11/05/25 | Pending | -- | -- | -- |
| 09/26/2025 09/26/25 | Price Changed | $150,000 | -9.1% | $55 / Sq Ft |
| 03/17/2025 03/17/25 | For Sale | $165,000 | -- | $60 / 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 | $1,896 | $117,100 | $25,000 | $92,100 |
| 2024 | $1,840 | $110,100 | $22,000 | $88,100 |
| 2023 | $1,840 | $107,100 | $19,000 | $88,100 |
| 2022 | $1,228 | $87,200 | $19,000 | $68,200 |
| 2021 | $1,234 | $59,300 | $14,000 | $45,300 |
| 2020 | $1,234 | $55,900 | $14,000 | $41,900 |
| 2019 | $1,204 | $55,900 | $14,000 | $41,900 |
| 2018 | $1,172 | $55,900 | $14,000 | $41,900 |
| 2017 | $1,172 | $61,200 | $14,000 | $47,200 |
| 2016 | $1,300 | $61,200 | $14,000 | $47,200 |
| 2015 | $1,550 | $72,864 | $14,000 | $58,864 |
| 2014 | $1,550 | $73,046 | $9,072 | $63,974 |
| 2013 | $2,656 | $73,046 | $9,072 | $63,974 |
Source: Public Records
Agents Affiliated with this Home
-
Cindy Guckenberger
-
Rossilyn Babington
Buyer's Agent in 2026
Rossilyn Babington
Pinnacle Realty LLC
(319) 804-5621
4 in this area
171 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2501792
APN: 14222-83016-00000
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.
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.
Nearby Homes
- 1426 3rd Ave SE
- 1418 4th Ave SE
- 1545 Washington Ave SE
- 1547 Washington Ave SE
- 509 14th St SE
- 509 15th St SE
- 1701 Washington Ave SE
- 1615 4th Ave SE
- 1516 6th Ave SE
- 1730 Park Ave SE
- 120 17th St NE
- 8821 Zeppelin Ave NE
- 513 17th St SE
- 335 18th St SE
- 1536 7th Ave SE
- 1812 Park Ave SE
- 216 17th St NE
- 1506 8th Ave SE
- 371 19th St SE
- 708 16th St SE
- 1416 3rd Ave SE Unit 4
- 1428 3rd Ave SE
- 1432 3rd Ave SE
- 1419 2nd Ave SE
- 1427 2nd Ave SE
- 1419 2nd Ave SE
- 1419 2nd Ave SE
- 1434 3rd Ave SE
- 1431 2nd Ave SE
- 1435 2nd Ave SE
- 1401 Washington Ave SE
- 1435 3rd Ave SE
- 1440 3rd Ave SE
- 1403 2nd Ave SE
- 1403 Washington Ave SE
- 1433 3rd Ave SE
- 1427 3rd Ave SE
- 219 15th St SE
- 1441 2nd Ave SE
- 1444 3rd Ave SE
Your Personal Tour Guide
Ask me questions while you tour the home.