C
Seller's Agent in 2025
Chris Puckett
Realty87
3 in this area
41 Total Sales
720 E Ave NW Cedar Rapids, IA 52405
Northwest Area Neighborhood
--
Bed
--
Bath
1,848
Sq Ft
1900
Built
Highlights
- Deck
- Patio
- Hot Water Heating System
- Junction City Elementary School Rated A
About This Home
As of November 2025Investment Opportunity – Triplex + Single Family Package Located on the NW side near the new casino, this fully rented triplex is an excellent addition to your portfolio. The property offers three unique units: a spacious 2-bedroom with a private back deck, a cozy studio apartment, and a 1-bedroom unit. One unit is currently furnished, adding flexibility for short- or long-term rental strategies. Additional features include off-street parking with 3 spaces in the rear. This property is being sold together with a single-family home just two doors down, creating a rare opportunity for investors to expand holdings in a strong rental market. Whether you’re looking to grow your portfolio or step into real estate investing with cash flow from day one, this package is worth a closer look! Seller is licensed in the state of Iowa.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,410
Year Built
- Built in 1900
Lot Details
- Lot Dimensions are 40 x 140
Home Design
- Frame Construction
- Vinyl Siding
Interior Spaces
- 1,848 Sq Ft Home
- Basement Fills Entire Space Under The House
Outdoor Features
- Deck
- Patio
Schools
- Harrison Elementary School
- Roosevelt Middle School
- Jefferson High School
Utilities
- Heating System Uses Gas
- Hot Water Heating System
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for water
- Assessor Parcel Number 142046301100000
Community Details
Overview
- 3 Units
Building Details
- Operating Expense $500
- Gross Income $2,600
- Net Operating Income $2,100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 15, 2025
Closed on
Nov 12, 2025
Sold by
Five Seasons Enterprises Llc
Bought by
Mccoy Cari and Mccoy Matthew
Seller's Agent
Chris Puckett
Realty87
Buyer's Agent
Rick Povey
Realty87
List Price
$330,000
Sold Price
$305,000
Premium/Discount to List
-$25,000
-7.58%
Views
32
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.77%
Original Mortgage
$157,500
Outstanding Balance
$157,364
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$144,018
Purchase Details
Listed on
Sep 9, 2021
Closed on
Feb 27, 2022
Sold by
Pfeiffer Robert J
Bought by
Five Seasons Enterprises Llc
Seller's Agent
Jessica Tiernan
Realty87
Buyer's Agent
Holly Puckett
Realty87
List Price
$145,000
Sold Price
$135,000
Premium/Discount to List
-$10,000
-6.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.50%
Original Mortgage
$108,000
Interest Rate
3.69%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jan 16, 2004
Sold by
Gustafson Randy J and Gustafson Kay M
Bought by
Pfeiffer Robert J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
5.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 29, 1997
Sold by
Swore Scott L and Swore Rene M
Bought by
Sirowy Roger J and Sirowy Marian J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,040
Interest Rate
8.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 23, 1997
Sold by
Sedrel Sandra J and Sedrel Larry
Bought by
Gustafson Randy J and Gustafson Kay M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,040
Interest Rate
8.5%
Mortgage Type
Commercial
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 | $175,000 | None Listed On Document | |
| Warranty Deed | $135,000 | None Listed On Document | |
| Warranty Deed | $59,500 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $61,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $157,500 | New Conventional | |
| Previous Owner | $108,000 | Credit Line Revolving | |
| Previous Owner | $51,000 | Commercial | |
| Previous Owner | $49,040 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/21/2025 11/21/25 | Sold | $305,000 | -7.6% | $165 / Sq Ft | |
| 10/14/2025 10/14/25 | Pending | -- | -- | -- | |
| 09/15/2025 09/15/25 | For Sale | $330,000 | +144.4% | $179 / Sq Ft | |
| 03/04/2022 03/04/22 | Sold | $135,000 | 0.0% | $73 / Sq Ft | View Prior Sale |
| 01/21/2022 01/21/22 | Pending | -- | -- | -- | |
| 10/02/2021 10/02/21 | Price Changed | $135,000 | -6.9% | $73 / Sq Ft | |
| 09/09/2021 09/09/21 | For Sale | $145,000 | -- | $78 / 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 | $2,302 | $142,700 | $27,000 | $115,700 |
| 2024 | $2,674 | $133,100 | $25,000 | $108,100 |
| 2023 | $2,674 | $130,100 | $22,000 | $108,100 |
| 2022 | $3,094 | $126,800 | $22,000 | $104,800 |
| 2021 | $2,432 | $126,800 | $22,000 | $104,800 |
| 2020 | $2,432 | $92,100 | $14,000 | $78,100 |
| 2019 | $2,368 | $83,400 | $14,000 | $69,400 |
| 2018 | $2,474 | $83,400 | $14,000 | $69,400 |
| 2017 | $2,202 | $66,800 | $14,000 | $52,800 |
| 2016 | $2,202 | $66,800 | $14,000 | $52,800 |
| 2015 | $2,284 | $66,455 | $14,000 | $52,455 |
| 2014 | $2,284 | $58,814 | $6,804 | $52,010 |
| 2013 | $2,138 | $58,814 | $6,804 | $52,010 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Puckett
-
Rick Povey
Buyer's Agent in 2025
Rick Povey
Realty87
(319) 389-5803
2 in this area
9 Total Sales
-
Jessica Tiernan
Seller's Agent in 2022
Jessica Tiernan
Realty87
(319) 573-9030
8 in this area
124 Total Sales
-
Bonnie Tiernan
Seller Co-Listing Agent in 2022
Bonnie Tiernan
Realty87
(319) 389-5633
6 in this area
77 Total Sales
-
Holly Puckett
H
Buyer's Agent in 2022
Holly Puckett
Realty87
(319) 533-1828
2 in this area
20 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2507835
APN: 14204-63011-00000
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Information is deemed reliable but not guaranteed.
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