716 E Ave NW Cedar Rapids, IA 52405
Northwest Area NeighborhoodEstimated payment $989/month
Highlights
- Deck
- Forced Air Heating and Cooling System
- Garage
- Patio
About This Home
Spacious 2-bedroom unit on the main level and two efficiencies on the upper level with gross rents of $1650/MO.
Large wrap around deck, garage, and rear parking area. Older home but stands the test of time-with long term tenants that would like to stay. Lower unit was completely remodeled after the flood with many updates and new appliances since then.
Certificate of Compliance from Cedar Rapids Inspection 6/19/2023.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,190
Year Built
- Built in 1890
Lot Details
- Lot Dimensions are 140 x 40
Parking
- Garage
Home Design
- Frame Construction
- Stone
Interior Spaces
- 1,616 Sq Ft Home
- Basement Fills Entire Space Under The House
Outdoor Features
- Deck
- Patio
Schools
- Cleveland Elementary School
- Roosevelt Middle School
- Jefferson High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- The owner pays for water
- Assessor Parcel Number 142046301200000
Community Details
Overview
- 3 Units
Building Details
- Operating Expense $6,187
- Gross Income $19,800
- Net Operating Income $13,613
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 | $2,190 | $136,300 | $27,000 | $109,300 |
| 2024 | $2,482 | $126,800 | $25,000 | $101,800 |
| 2023 | $2,482 | $123,800 | $22,000 | $101,800 |
| 2022 | $2,872 | $117,700 | $22,000 | $95,700 |
| 2021 | $2,266 | $117,700 | $22,000 | $95,700 |
| 2020 | $2,266 | $85,800 | $14,000 | $71,800 |
| 2019 | $2,436 | $85,800 | $14,000 | $71,800 |
| 2018 | $2,134 | $85,800 | $14,000 | $71,800 |
| 2017 | $1,931 | $58,600 | $14,000 | $44,600 |
| 2016 | $1,931 | $58,600 | $14,000 | $44,600 |
| 2015 | $2,015 | $58,636 | $14,000 | $44,636 |
| 2014 | $1,830 | $68,089 | $6,804 | $61,285 |
| 2013 | $2,290 | $68,089 | $6,804 | $61,285 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2025 09/18/25 | Pending | -- | -- | -- |
| 08/27/2025 08/27/25 | Price Changed | $152,000 | -7.9% | $94 / Sq Ft |
| 08/01/2025 08/01/25 | For Sale | $165,000 | +73.7% | $102 / Sq Ft |
| 12/15/2017 12/15/17 | Sold | $95,000 | -4.9% | $59 / Sq Ft |
| 11/27/2017 11/27/17 | Pending | -- | -- | -- |
| 10/29/2017 10/29/17 | For Sale | $99,900 | -- | $62 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $69,500 | Security First Title Co | |
| Warranty Deed | $52,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $20,000 | Credit Line Revolving | |
| Previous Owner | $14,000 | Credit Line Revolving | |
| Closed | $0 | Commercial |
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2506711
APN: 14204-63012-00000
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