2841 Cory Ct SW Cedar Rapids, IA 52404
Southwest Area NeighborhoodEstimated payment $2,107/month
Highlights
- No HOA
- Central Air
- Hot Water Heating System
About This Home
Rare opportunity to acquire a well-maintained, fully leased 4-unit multifamily investment property with each unit offering 2 bedrooms and 1 bathroom. Numerous significant capital improvements have been completed within the last five years, including a new roof, foundation improvements, HVAC units, a complete remodel of Unit 1, and additional property improvements. New gutters and common-area carpet are also scheduled to be installed this month. The property offers additional income potential, with current rents below estimated market rates and room for future increases. With limited 4-plex inventory currently available in the Cedar Rapids market, this is an excellent opportunity for an investor looking to add a stabilized multifamily asset with substantial recent improvements to their portfolio. Interior photos coming soon. Contact Listing Agent for additional details regarding improvements, leases, and financials.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,546
Year Built
- Built in 1981
Lot Details
- 8,973 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Frame Construction
- Vinyl Siding
Interior Spaces
- 3,492 Sq Ft Home
- Basement Fills Entire Space Under The House
Schools
- Grant Elementary School
- Wilson Middle School
- Jefferson High School
Utilities
- Central Air
- Hot Water Heating System
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- The owner pays for water
- Assessor Parcel Number 14333-53018-00000
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2026 | $1,493 | $131,440 | ||
| 2025 | $1,309 | $127,990 | ||
| 2024 | $1,261 | $124,390 | ||
| 2023 | $1,261 | $120,770 | $0 | $0 |
| 2022 | $1,195 | $117,260 | $0 | $0 |
| 2021 | $1,209 | $113,850 | $0 | $0 |
| 2020 | $1,134 | $112,280 | $0 | $0 |
| 2019 | $1,117 | $109,760 | $0 | $0 |
| 2018 | $1,111 | $107,720 | $0 | $0 |
| 2017 | $1,075 | $105,510 | $0 | $0 |
| 2016 | $1,074 | $103,340 | $25,000 | $78,340 |
| 2015 | $1,096 | $102,630 | $25,000 | $77,630 |
| 2014 | $1,089 | $101,820 | $20,000 | $81,820 |
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 |
|---|---|---|---|---|
| 08/26/2026 08/26/26 | For Sale | $315,000 | -- | $90 / Sq Ft |
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2606041
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Ask me questions while you tour the home.