317 8th St SE Cedar Rapids, IA 52401
Downtown Cedar Rapids NeighborhoodEstimated payment $1,005/month
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 leased with Jetz. Must be purchased with adjacent property 728 4th Ave SE parcel 14214-8001-00000. 24 Hour notice required for all showings.
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
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 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/26/2026 03/26/26 | Pending | -- | -- | -- | |
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Legal Action Court Order | $64,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $61,750 | Commercial |
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2508723
APN: 14214-80002-00000
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Ask me questions while you tour the home.