$165,000
$5K PRICE DROP

317 8th St SE Cedar Rapids, IA 52401

Downtown Cedar Rapids Neighborhood

Estimated payment $1,002/month

Total Views 6,111
-- Bed
-- Bath
2,040 Sq Ft
$81 Price per Sq Ft

Highlights

  • 0.15 Acre Lot
  • No HOA
  • Patio
  • Deck
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

About This Home

3 Units in this investment building. Two 1 bedroom/1 bath units on the main floor. Upper Level has a 2 Bedroom, 2 Bath unit with an outdoor deck. Units 1 $700 per month (vacant), Unit 2 $650.00 per month, Unit 3 $775, with room for increased rents. All tenants are Month to Month. Metal Roof, Coin laundry on site. Must be purchased with adjacent property 728 4th Ave SE parcel 14214-8001-00000. 24 Hour notice required for all showings.

Listing Agent

Bryant Nicholson

Affinity Real Estate Services Listed on: 05/25/2025

Affinity Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,560

Year Built

  • Built in 1902

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 2,040 Sq Ft Home
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Patio

Schools

  • Grant Wood Elementary School
  • Mckinley Middle School
  • Washington High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 14-21-4-80-002-0-0000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $11,610
  • Gross Income $25,500
  • Net Operating Income $12,690

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,560

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Lot Size Acres: 0.15
  • Co List Office Phone: 319-393-0814
  • MLS Status: Active
  • Directions: 1st Ave to 8th St SE
  • Year Built: 1902
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, See Remarks
  • Basement: Yes

Exterior Features

  • Construction Type: Aluminum Siding, Frame
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: Parking Space(s)
  • Total Parking Spaces: 3.0

Utilities

  • Utilities: Separate Meters
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Grant Wood
  • High School: Washington
  • Middle Or Junior School: McKinley

Lot Info

  • Lot Dimensions: 6534
  • ResoLotSizeUnits: Acres
  • Parcel Number: 14-21-4-80-002-0-0000

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 25500.0
  • Net Operating Income: 12690.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 11610.0
  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Annual Amount: 1560.0

Map

Range of Values:

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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 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
2024 $1,560 $102,700 $14,300 $88,400
2023 $1,560 $102,700 $14,300 $88,400
2022 $1,804 $69,000 $14,300 $54,700
2021 $1,874 $69,000 $14,300 $54,700
2020 $1,874 $66,300 $14,300 $52,000
2019 $1,878 $60,900 $14,300 $46,600
2018 $1,964 $60,900 $14,300 $46,600
2017 $2,188 $61,200 $14,300 $46,900
2016 $2,188 $61,200 $14,300 $46,900
2015 $2,926 $77,562 $14,300 $63,262
2014 $2,926 $74,700 $10,530 $64,170
2013 $2,778 $74,700 $10,530 $64,170
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Price Changed $165,000 -2.9% $81 / Sq Ft
05/25/2025 05/25/25 For Sale $170,000 +21.4% $83 / Sq Ft
06/24/2022 06/24/22 Sold $140,000 0.0% $69 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $140,000 -- $69 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Legal Action Court Order $64,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $90,400 New Conventional
Closed $130,000 Future Advance Clause Open End Mortgage
Closed $61,250 Commercial
Closed $61,750 Commercial
Source: Public Records

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2503809

Cedar Rapids Area Association of REALTORS®

APN: 14214-80002-00000

Iowa Linn County Cedar Rapids 52401 Downtown Cedar Rapids

317 8th St SE, Cedar Rapids, IA

This home is located at 317 8th St SE, Cedar Rapids, IA 52401 and is currently priced at $165,000, approximately $80 per square foot. This property was built in 1902. 317 8th St SE is a home located in Linn County with nearby schools including Grant Wood Elementary School, McKinley STEAM Academy, and George Washington High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cedar Rapids Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Bryant Nicholson
Listing Agent
Bryant Nicholson
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Affinity Real Estate Services
(319) 308-4325