$2,700,000
$90K PRICE DROP

60 Miller Ave SW Cedar Rapids, IA 52404

Lincolnway Village Neighborhood

Estimated payment $18,946/month

Total Views 11,616
-- Bed
-- Bath
36,000 Sq Ft
$75 Price per Sq Ft

Highlights

  • 1.44 Acre Lot
  • No HOA
  • Heating System Uses Gas
  • Prairie Ridge Elementary School Rated A-
  • Central Air

About This Home

The KataLYST Team as part of KW Commercial is pleased to present this multifamily property located at 60 & 64 Miller Avenue Southwest, Cedar Rapids, IA. This property was renovated in 2022 and almost every unit has been re-done. The current owners have spent several hundred thousand in updates and renovations since 2021. Rents still have more room for growth as the current owners were offering reduced rents during renovations to fill a large number of units at once. The 4 bedroom, 2 bath layout offers a unique opportunity both for college housing for Kirkwood Community College, and for families looking to get into the desirable College Community School District. This property was built in 2000 and updated since then. Each unit has it’s own furnace/AC and all utilities are separately metered. You will save a ton in long term maintenance and capital expenses with this property over some of the other options on the market.

Listing Agent

Nick Wallraff

KW Red Heartland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $46,860

Year Built

  • Built in 2000

Lot Details

  • 1.44 Acre Lot

Home Design

  • 36,000 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Vinyl Siding

Schools

  • Adams Elementary And Middle School
  • Agwsr High School

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • 30 Units

Listing and Financial Details

  • Assessor Parcel Number 19094-01004-01007 AND 19094-01010-01002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$46,860

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 1.44
  • Co List Office Phone: 515-334-4900
  • MLS Status: Active
  • Directions: Take the Kirkwood Blvd exit from highway 30 and head south on Kirkwood Blvd. Turn right onto Miller ave and the property will be on your right.
  • Year Built: 2000
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Type: Brick, Frame, Vinyl Siding
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Parking Space(s)
  • Total Parking Spaces: 60.0

Utilities

  • Utilities: Separate Meters
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Adams
  • High School: AGWSR
  • Middle Or Junior School: Adams

Lot Info

  • Lot Dimensions: 62726.4
  • ResoLotSizeUnits: Acres
  • Parcel Number: 19094-01004-01007 AND 19094-01010-01002
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 30
  • Tenant Pays: Electricity, Gas, Water

Tax Info

  • Tax Annual Amount: 46860.0

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 Change Sq Ft Price
03/21/2025 03/21/25 Price Changed $2,700,000 -3.2% $75 / Sq Ft
10/21/2024 10/21/24 For Sale $2,790,000 -- $78 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2407332

Cedar Rapids Area Association of REALTORS®

Iowa Linn County Cedar Rapids 52404 Lincolnway Village

60 Miller Ave SW, Cedar Rapids, IA

Homes for Sale in Cedar Rapids, IA

This home is located at 60 Miller Ave SW, Cedar Rapids, IA 52404 and is currently priced at $2,700,000, approximately $75 per square foot. This property was built in 2000. 60 Miller Ave SW is a home located in Linn County with nearby schools including Prairie Heights Elementary School, Prairie Crest Elementary School, and Prairie View Elementary 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.

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.
Information is deemed reliable but not guaranteed.

Nick Wallraff
Listing Agent
Nick Wallraff
Section Image
KW Red Heartland
(319) 448-3742