3109 12th Ave SW Cedar Rapids, IA 52404
Estimated payment $1,694/month
Highlights
- Shed
- Wood Siding
- Heating System Uses Gas
About This Home
Looking for a unique investment property/opportunity? You won't find another like this! This property has two separate buildings to give any investor options. The main building (3109, 3111, 3113) has a 3bed/1bath unit (w/ laundry) and two 1bed/1bath units. This building has separate electric & 1 gas bill. Each unit comes with its own parking spaces. Towards the back of the property is a separate bungalow that is a 2bed/1bath unit with separate gas & electric. This unit also has in-unit laundry & its own parking spaces. There is shared water with all 4 units. You can rent out all 4 units or live on site in the separate bungalow and manage the other 3 units. This property offers options! There are also unique financing options available for those that would be interested in making this their primary residence. Schedule your showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,979
Year Built
- Built in 1949
Lot Details
- 0.57 Acre Lot
- Lot Dimensions are 100 x 250
Home Design
- 2,229 Sq Ft Home
- Block Foundation
- Slab Foundation
- Frame Construction
- Wood Siding
Schools
- Cleveland Elementary School
- Roosevelt Middle School
- Jefferson High School
Additional Features
- Laundry in unit
- Shed
- Heating System Uses Gas
Community Details
- 4 Units
- Gross Income $42,000
Listing and Financial Details
- Assessor Parcel Number 143035600300000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $2,440 | $164,500 | $54,100 | $110,400 |
| 2024 | $2,678 | -- | -- | -- |
| 2023 | $2,678 | $137,900 | $41,800 | $96,100 |
| 2022 | $2,404 | $127,000 | $41,800 | $85,200 |
| 2021 | $2,418 | $116,000 | $34,400 | $81,600 |
| 2020 | $2,418 | $109,600 | $29,500 | $80,100 |
| 2019 | $2,250 | $104,400 | $29,500 | $74,900 |
| 2018 | $2,188 | $104,400 | $29,500 | $74,900 |
| 2017 | $1,994 | $101,400 | $29,500 | $71,900 |
| 2016 | $1,994 | $93,800 | $28,800 | $65,000 |
| 2015 | $1,872 | $88,021 | $28,800 | $59,221 |
| 2014 | $1,872 | $88,021 | $28,800 | $59,221 |
| 2013 | $1,832 | $88,021 | $28,800 | $59,221 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/04/2025 11/04/25 | For Sale | $275,000 | -- | $123 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Fiduciary Deed | $200,000 | -- | |
| Warranty Deed | $458,000 | None Listed On Document | |
| Joint Tenancy Deed | $109,500 | -- |
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2509091
APN: 14303-56003-00000
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