$2,000,000

Estimated payment $12,620/month

Total Views 177
-- Beds
-- Baths
8,520 Sq Ft
$235 Price per Sq Ft

About This Home

If you are looking for a low-maintenance investment property, and want a build quality of years past, this is it! Within the past 2 years, extensive renovations have been performed with the anticipation of a long-term hold. As current ownership focuses on new development, this is a perfect opportunity to enter an asset set up for a long term hold.

12 2BR, 12 1BR
2025 $1.5MM Renovation: full post-fire reconstruction, 4 apts stripped to studs and complete renovation, ew flooring throughout: new fixtures, windows, handrails, mostly new appliances, new entry and hallway doors, new high-tech laundry machines, exterior building repainted. Mechanical and Electrical: New boiler, fan coil units throughout, rebuild of chiller system, new electrical installed in all 24 apartment units, all circuit breakers updated, all new gear installed in the mechanical room.

Listing broker has partial ownership in the property listed.

Listing Agent

Tyrone Galbreath

Freedom REMI LLC Listed on: 09/13/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,067

Year Built

  • Built in 1966

Lot Details

  • 29,490 Sq Ft Lot

Home Design

  • 8,520 Sq Ft Home
  • Brick Exterior Construction
  • Frame Construction

Schools

  • Trailside Elementary School
  • Franklin Middle School
  • Washington High School

Additional Features

  • Basement

Community Details

  • 24 Units

Listing and Financial Details

  • Assessor Parcel Number 141545101500000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,067

Year Built

Built in 1966

Lot Details

0.68 Acres

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Lot Size Acres: 0.677
  • Co List Office Phone: 319-200-4169
  • MLS Status: Active
  • Directions: Take First Avenue to 19th Street NE, left urn and one block in on the right
  • Year Built: 1966
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Walk-Out Access
  • Basement: Yes

Exterior Features

  • Construction Type: Brick, Frame

Utilities

  • Sewer: Community/Coop Sewer, Public Sewer
  • Cooling: See Remarks
  • Heating: See Remarks
  • Water Source: Public

Schools

  • Elementary School: Trailside
  • High School: Washington
  • Middle Or Junior School: Franklin

Lot Info

  • Lot Dimensions: 29490.12
  • ResoLotSizeUnits: Acres
  • Parcel Number: 141545101500000

Rental Info

  • Owner Pays: Electricity, Gas, Water

Multi Family

  • Number Of Units Total: 24

Tax Info

  • Tax Annual Amount: 24067.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $22,536 $760,500 $76,200 $684,300
2024 $25,746 $710,400 $76,200 $634,200
2023 $25,746 $1,273,500 $76,200 $1,197,300
2022 $25,288 $1,220,700 $76,200 $1,144,500
2021 $20,220 $1,220,700 $76,200 $1,144,500
2020 $20,220 $916,400 $54,200 $862,200
2019 $19,752 $916,400 $54,200 $862,200
2018 $19,208 $916,400 $54,200 $862,200
2017 $19,306 $908,300 $54,200 $854,100
2016 $19,306 $908,300 $54,200 $854,100
2015 $19,296 $906,810 $54,160 $852,650
2014 $19,296 $906,810 $54,160 $852,650
2013 $18,882 $906,810 $54,160 $852,650
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
09/13/2026 09/13/26 For Sale $2,000,000 0.0% $235 / Sq Ft
10/03/2025 10/03/25 Off Market $795 -- --
05/22/2025 05/22/25 Price Changed $795 0.0% --
05/21/2025 05/21/25 For Rent $795 -- --
Source: Cedar Rapids Area Association of REALTORS®

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 Type Sale Price Title Company
Warranty Deed -- None Available
Interfamily Deed Transfer -- --
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 Loan Amount Loan Type
Open $1,302,947 New Conventional
Closed $1,300,000 Credit Line Revolving
Source: Public Records

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2606436

Cedar Rapids Area Association of REALTORS®

APN: 14-15-4-51-015-0-0000

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