$260,000

4006 Westover Rd SE Cedar Rapids, IA 52403

Estimated payment $1,774/month

-- Bed
-- Bath
3,428 Sq Ft
$76 Price per Sq Ft

Highlights

  • Deck
  • Cooling System Mounted To A Wall/Window
  • Hot Water Heating System
  • No HOA
  • Patio
  • Garage

About This Home

Quality Four-plex with a blend of stability and opportunity. This property has been proudly owned by the same family for decades, delivering consistent rental income in a fantastic location just moments from 1st Avenue, with a short drive to Marion and the bustling Lindale Mall shopping district—convenience meets cash flow! This well-maintained investment features four spacious two-bedroom, one-bath units, each designed for comfortable living, plus an income-boosting common laundry in the lower level. Enjoy peace of mind with major updates already in place, including a new roof installed in 2023, and 18 replacement windows, a sliding patio door, and a large picture window all upgraded in 2015. Hot water heat and window/wall air-conditioning ensure year-round comfort for tenants, while the detached four-stall garage offers ample parking and storage—a rare and valuable perk. Whether you’re a seasoned investor or seeking a reliable income property, this turnkey four-plex is brimming with long-term potential.

Listing Agent

Jim Zachar

Realty87 Listed on: 10/30/2025

Realty87

Co-Listing Agent

Jim Angstman

Realty87

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,922

Year Built

  • Built in 1980

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 80x135

Parking

  • Garage

Home Design

  • Poured Concrete
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 3,428 Sq Ft Home
  • Partial Basement

Outdoor Features

  • Deck
  • Patio

Schools

  • Kenwood Elementary School
  • Franklin Middle School
  • Washington High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Hot Water Heating System

Listing and Financial Details

  • The owner pays for gas, water
  • Assessor Parcel Number 14112-01005-00000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $33,889

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,922

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential
  • Zoning: Res3+Uni
  • Property Sub-Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Lot Size Acres: 0.25
  • Co List Office Mls Id: CHED01
  • Co List Office Phone: 319-378-8760
  • Co List Office Phone: 319-378-8760
  • MLS Status: Active
  • Directions: 1st Ave. to E on 40th St. Dr. SE. N on Westover Road SE to building.
  • Year Built: 1980
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Concrete
  • Basement: Yes

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Foundation Details: Poured
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Parking Space(s)
  • Total Parking Spaces: 2.0

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Kenwood
  • High School: Washington
  • Middle Or Junior School: Franklin

Lot Info

  • Lot Dimensions: 80x135
  • ResoLotSizeUnits: Acres
  • Parcel Number: 14112-01005-00000
  • Zoning Description: Res3+Uni

Rental Info

  • Owner Pays: Gas, Water

Multi Family

  • Gross Income: 33889.0
  • Number Of Units Total: 4
  • Tenant Pays: Electricity

Tax Info

  • Tax Annual Amount: 4922.0

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

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2025 10/30/25 For Sale $260,000 -- $76 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

About the Listing Agent

Jim Zachar

Realty87

(319) 253-2766

Section Image

Why did the real estate agent break up with the mortgage? Too many terms and not enough interest!
All joking aside, if you want an agent that can come through with great terms and find great interest rates, let me introduce you to Jim Zachar, a veteran real estate expert who’s been with Coldwell Banker Hedges since 2014. With over $80 million in sales and more than 350 successful transactions under his belt, Jim is a seasoned pro in the Greater Cedar Rapids area.
Having lived in Cedar

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Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2508965

Cedar Rapids Area Association of REALTORS®