Turnkey, Cash-Flowing Duplex – Fully Renovated! Excellent investment opportunity with major updates completed since 2019: drywall, electrical, plumbing, flooring, furnaces, A/C units, and water heaters – all done! Spacious, well-maintained duplex with strong rental potential. Lower Unit: 2 bed, 2 bath featuring an oversized primary suite, large living space, and main floor laundry. Upper Unit: 3 bed, 2 bath with open-concept layout, private laundry, and generous room sizes. Both units are separately metered and offer updated mechanicals, making this a low-maintenance addition to your portfolio. Ideal for owner-occupants or investors looking for steady cash flow.
Remarks: Turnkey, Cash-Flowing Duplex – Fully Renovated! Excellent investment opportunity with major updates completed since 2019: drywall, electrical, plumbing, flooring, furnaces, A/C units, and water heaters – all done! Spacious, well-maintained duplex with strong rental potential. Lower Unit: 2 bed, 2 bath featuring an oversized primary suite, large living space, and main floor laundry. Upper Unit: 3 bed, 2 bath with open-concept layout, private laundry, and generous room sizes. Both units are separately metered and offer updated mechanicals, making this a low-maintenance addition to your portfolio. Ideal for owner-occupants or investors looking for steady cash flow.
Year Built: 1900
Tax Year Report: 2024
Directions: On B Ave NE
Amenities: Sidewalks, Street Lights
Basement Remarks: Block
Possession R: Negotiable
Possible Finance R: Cash, Conventional
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Appliances: None
Sq Ft Above: 2251
Exterior Features
Construction: Frame
Garage/Parking
Parking Spaces: 4 or More Cars
Utilities
Water Sewer: City Sewer, City Water
Heating Cooling: Gas, Central, Forced Air
Schools
Elementary School: Trailside
Middle School: Franklin
High School: Washington
High School: Washington
Jr Middle School: Franklin
Elementary School: Trailside
Lot Info
Geo Subdivision: IA
Lot Dimensions: 52x140
Zoning: Res
Tax Info
Gross Tax County City: 2836
Assessor Parcel Number: 142220400100000
Multi Family
Units Total: 2
Map
Range of Values:
Collateral Analytics
Collateral Analytics
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ICE
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First American
First American
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Quantarium
Quantarium
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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
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
Great Investment Opportunity on the SE side of Cedar Rapids! This well-maintained multifamily property features four fully leased units-three-1 bedroom units, and 1-3 bedroom unit. Each unit is individually metered for gas and electricity. Owner pays water/garbage/recycling, and common area heat and electric. A shared, coin-operated laundry is available in the basement for added tenant
Long term tenants, on a month to month lease currently. Property being sold as is. Newer roof in 2020/2021, updated windows on the sides and back, updated vinyl siding on the dwelling. Please read disclosure for other items to be completed on the garage and reach out to the list agent if you have any questions..
This home is located at 1638 B Ave NE, Cedar Rapids, IA 52402 and is currently priced at $195,000, approximately $86 per square foot. This property was built in 1900. 1638 B Ave NE is a home located in Linn County with nearby schools including Garfield Elementary School, Franklin Middle School, and George Washington High School.
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Listing information is deemed reliable, but not guaranteed accurate by the MLS.
