$165,000

317 8th St SE Cedar Rapids, IA 52401

Downtown Cedar Rapids Neighborhood

Estimated payment $997/month

Total Views 10,334
-- 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: 10/17/2025

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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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
2025 $1,948 $110,000 $14,300 $95,700
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 List to Sale Price per Sq Ft Prior Sale
10/17/2025 10/17/25 For Sale $165,000 +17.9% $81 / Sq Ft
06/24/2022 06/24/22 Sold $140,000 0.0% $69 / Sq Ft View Prior Sale
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 $61,750 Commercial
Source: Public Records

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2508723

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

For Sale

MultiFamily

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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.
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Bryant Nicholson
Listing Agent
Bryant Nicholson
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Affinity Real Estate Services
(319) 774-1099