$119,900
$5K PRICE DROP

500 C Ave NW Unit A-B Cedar Rapids, IA 52405

Northwest Area Neighborhood

Estimated payment $788/month

Total Views 9,814
2 Beds
2 Baths
965 Sq Ft
$124 Price per Sq Ft

About This Home

Investment Opportunity! This 1 bed/1bath duplex has undergone a large remodel in both units, and is currently occupied. The landlord covers water expenses, while tenants are responsible for electricity and gas. A well-maintained property offering stable occupancy, and updated living spaces. Please allow 48 hours notice to tenants prior to scheduling showing. Inquire with listing agent for financials.

Listing Agent

Ross Nusser

Urban Acres Real Estate Corridor

Urban Acres Real Estate Corridor

Co-Listing Agent

Hope Nusser

Urban Acres Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • Lot Dimensions are 40x57

Home Design

  • Frame Construction

Interior Spaces

  • 965 Sq Ft Home
  • Living Room
  • Stone or Rock in Basement
  • Oven or Range

Schools

  • Cleveland Elementary School
  • Roosevelt Middle School
  • Jefferson High School

Utilities

  • Forced Air Heating and Cooling System
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 14291-04007-00000

Community Details

Overview

  • 2 Units
  • Cooper's Se Subdivision

Building Details

  • Insurance Expense $750
  • Maintenance Expense $727
  • Water Sewer Expense $120
  • Gross Income $15,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: Investment Opportunity! This 1 bed/1bath duplex has undergone a large remodel in both units, and is currently occupied. The landlord covers water expenses, while tenants are responsible for electricity and gas. A well-maintained property offering stable occupancy, and updated living spaces. Please allow 48 hours notice to tenants prior to scheduling showing. Inquire with listing agent for financials.
  • Year Built: 1890
  • Tax Year Report: 2023
  • Subdivision: Cooper's SE
  • Rental Permit: Yes
  • Water Annually: 120
  • Directions: From I-380 take exit 19C toward 1st St W, turn right onto 1st St NW, turn right onto 1st Ave W, turn right onto 5th St NW, and then take a left onto C Ave NW. Property will be on your right.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • Amenities: Street Lights
  • Basement Remarks: Stone
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Sq Ft Above: 965

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: None

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Electric, Central, Forced Air

Schools

  • Elementary School: Cleveland
  • Middle School: Roosevelt
  • High School: Jefferson
  • High School: Jefferson
  • Jr Middle School: Roosevelt
  • Elementary School: Cleveland

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 40x57
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 1180
  • Assessor Parcel Number: 14291-04007-00000

Multi Family

  • Units Total: 2

Map

Range of Values:

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Average Value
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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 Change Sq Ft Price
04/01/2025 04/01/25 Price Changed $119,900 -4.1% $124 / Sq Ft
01/24/2025 01/24/25 For Sale $125,000 -- $130 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Source: Iowa City Area Association of REALTORS®

MLS Number: 202500722

Iowa City Area Association of REALTORS®

Iowa Linn County Cedar Rapids 52405 Northwest Area

500 C Ave NW Unit A-B, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 500 C Ave NW Unit A-B, Cedar Rapids, IA 52405 and is currently priced at $119,900, approximately $124 per square foot. This property was built in 1890. 500 C Ave NW Unit A-B is a home located in Linn County with nearby schools including Harrison Elementary School, Roosevelt Creative Corridor Business Academy, and Thomas Jefferson 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.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

Ross Nusser
Listing Agent
Ross Nusser
Section Image
Urban Acres Real Estate Corridor
(319) 224-8979