$770,000
SOLD JUN 10, 2025

2107 Blairs Ferry Rd NE Cedar Rapids, IA 52402

8 Beds
4 Baths
16,093 Sq Ft
0.41 Acres

Recently Sold

$48 Per Sq Ft

9% Below List Price

233 Days on Market

Highlights

  • Living Room
  • Dining Room
  • Baseboard Heating

About This Home

As of June 2025

The 12-unit condo building is located off of Blairs Ferry Rd. in Cedar Rapids, and it's in a great location. Each unit has 2 bedrooms and 1 bathroom. The building comes with 8 single stall detached garages. The roof and siding were replaced in 2023. 11 of 12 units have been updated as well. These units are well-maintained and are looking for a long-term owner. One owner is a Licensed Real Estate Agent in the State of Iowa.

Last Agent to Sell the Property

Matthew Lepic

Lepic-Kroeger, REALTORS Listed on: 10/12/2024

Lepic-Kroeger, REALTORS

Last Buyer's Agent

Nonmember NONMEMBER

NONMEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • Lot Dimensions are 133x121

Parking

  • 4 Parking Spaces

Home Design

  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 16,093 Sq Ft Home
  • Living Room
  • Dining Room

Kitchen

  • Oven or Range
  • Microwave

Schools

  • Wright Elementary School
  • Harding Middle School
  • Washington High School

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 14042-05005-00000

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $1,608
  • Insurance Expense $4,176
  • Maintenance Expense $1,200
  • Water Sewer Expense $6,888
  • Gross Income $99,840

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: The 12-unit condo building is located off of Blairs Ferry Rd. in Cedar Rapids, and it's in a great location. Each unit has 2 bedrooms and 1 bathroom. The building comes with 8 single stall detached garages. The roof and siding were replaced in 2023. 11 of 12 units have been updated as well. These units are well-maintained and are looking for a long-term owner. One owner is a Licensed Real Estate Agent in the State of Iowa.
  • Year Built: 1968
  • Tax Year Report: 2023
  • Subdivision: UK
  • Rental Permit: Yes
  • Water Annually: 6888
  • Directions: On Blairs Ferry Rd NE
  • L O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights
  • Basement Remarks: Slab
  • Possession R: Negotiable
  • Possible Finance R: 1031 Exchange, Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator, Microwave
  • Sq Ft Above: 16093

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 1608
  • Heating Cooling: Window/Wall Units, Electric, Baseboard, Ductless Cooling/Heating

Schools

  • Elementary School: Wright
  • Middle School: Harding
  • High School: Washington
  • High School: Washington
  • Jr Middle School: Harding
  • Elementary School: Wright

Lot Info

  • Lot Dimensions: 133x121
  • Zoning: RES

Tax Info

  • Gross Tax County City: 9268
  • Assessor Parcel Number: 14042-05005-00000

Multi Family

  • Units Total: 12

Range of Values:

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Average Value
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Sold Price
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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 Change Sq Ft Price
06/10/2025 06/10/25 Sold $770,000 -3.8% $48 / Sq Ft
01/30/2025 01/30/25 Price Changed $800,000 -5.9% $50 / Sq Ft
10/12/2024 10/12/24 For Sale $850,000 +11.1% $53 / Sq Ft
10/02/2023 10/02/23 Sold $765,000 0.0% $48 / Sq Ft
08/17/2023 08/17/23 Pending -- -- --
08/14/2023 08/14/23 Price Changed $765,000 -1.8% $48 / Sq Ft
07/19/2023 07/19/23 For Sale $779,000 -- $48 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202405797

Iowa City Area Association of REALTORS®