Seller's Agent in 2025
Jeremy Trenkamp
Realty87
(319) 270-1323
30 in this area
829 Total Sales
702 9th St SW Cedar Rapids, IA 52404
Taylor Neighborhood
--
Bed
--
Bath
2,303
Sq Ft
7,667
Sq Ft Lot
Highlights
- Deck
- Patio
- Garage
- No HOA
- Forced Air Heating and Cooling System
- 5-minute walk to Krebs Park
About This Home
As of August 2025Turnkey Triplex–Fully Renovated and Ready for Cash Flow! Don't miss this exceptional investment opportunity on the quiet SW side of Cedar Rapids! Clean and fully updated its ready for a new owner to start collecting income immediately. Recent renovations within the last 6 years include: new roof, siding, windows, paint, flooring, full kitchen and bathroom remodels, and updated mechanicals—all separated for tenant convenience. Each unit has its own electric meter, while the owner covers water. The building is currently vacant, allowing for easy showings and flexibility for owner-occupants or new tenant placements. Rental History: (2) One-bedroom units previously rented at $675 and $715 (1) Three-bedroom upper unit previously rented at $1,040The property also features alley access, a detached garage, and low-maintenance exterior. This is a perfect addition to your rental portfolio or a great start for a first-time investor!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,880
Year Built
- Built in 1905
Lot Details
- 7,667 Sq Ft Lot
Parking
- Garage
Home Design
- 2,303 Sq Ft Home
- Block Foundation
- Frame Construction
- Vinyl Siding
Outdoor Features
- Deck
- Patio
Schools
- Cedar River Academy Elementary School
- Wilson Middle School
- Jefferson High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 14294-03010-00000
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Gross Income $29,160
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 30, 2020
Sold by
Bunch David and Bunch Lynnaya
Bought by
Truemper Jeremy and Truemper Angie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Outstanding Balance
$122,035
Interest Rate
3.4%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$70,612
Purchase Details
Closed on
Sep 25, 2019
Sold by
Camaplan Administrator
Bought by
Bunch David and Truemper Jeremy
Purchase Details
Closed on
Feb 12, 2018
Sold by
Osborne Brandon T
Bought by
Camaplan Administrator Fbo Bryan Lanning
Purchase Details
Closed on
Jul 11, 2005
Sold by
Schrock David L and Schrock Linda K
Bought by
Schrock Rentals Llc
Purchase Details
Closed on
Jul 10, 1998
Sold by
Brown Frank Calvin
Bought by
Schrock David L and Schrock Linda K
Purchase Details
Closed on
Jul 8, 1998
Sold by
Vahl Alta M
Bought by
Brown Frank Calvin
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $180,000 | None Available | |
| Warranty Deed | $30,000 | None Available | |
| Warranty Deed | $21,500 | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $49,500 | -- | |
| Warranty Deed | $34,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $144,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | Sold | $186,000 | -6.5% | $81 / Sq Ft |
| 07/25/2025 07/25/25 | Pending | -- | -- | -- |
| 06/25/2025 06/25/25 | For Sale | $199,000 | -- | $86 / Sq Ft |
Source: Cedar Rapids Area Association of REALTORS®
Tax History Compared to Growth
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 | $2,880 | $203,900 | $27,500 | $176,400 |
| 2024 | $3,268 | $162,700 | $24,200 | $138,500 |
| 2023 | $3,268 | $162,700 | $24,200 | $138,500 |
| 2022 | $3,780 | $154,900 | $20,900 | $134,000 |
| 2021 | $2,572 | $154,900 | $20,900 | $134,000 |
| 2020 | $604 | $97,400 | $16,500 | $80,900 |
| 2019 | $630 | $21,700 | $16,500 | $5,200 |
| 2018 | $658 | $22,200 | $16,500 | $5,700 |
| 2017 | $1,846 | $50,200 | $16,500 | $33,700 |
| 2016 | $1,654 | $50,200 | $16,500 | $33,700 |
| 2015 | $1,890 | $54,988 | $16,480 | $38,508 |
| 2014 | $1,890 | $54,776 | $10,561 | $44,215 |
| 2013 | $1,992 | $54,776 | $10,561 | $44,215 |
Source: Public Records
Agents Affiliated with this Home
-
Jeremy Trenkamp
-
Erin Allen
E
Buyer's Agent in 2025
Erin Allen
Realty87
(319) 551-0980
1 in this area
88 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2504710
APN: 14294-03010-00000
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