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, 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.
Affinity Real Estate ServicesListed on: 05/25/2025
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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Average Value
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List Price
Sold Price
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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 AssessmentTax 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.
Great Investment Opportunity on the SE side of Cedar Rapids! This well-maintained multifamily property features four fully leased units-three-1 bedroom units, and 1-3 bedroom unit. Each unit is individually metered for gas and electricity. Owner pays water/garbage/recycling, and common area heat and electric. A shared, coin-operated laundry is available in the basement for added tenant
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.
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