Jaime Hymer
Pinnacle Realty
(319) 382-0391
321 Total Sales
2 in Northwest Area
$110K - $200K Price Range
720 E Ave NW Cedar Rapids, IA 52405
Northwest Area NeighborhoodEstimated Value: $207,000
3
Beds
4
Baths
1,848
Sq Ft
$112/Sq Ft
Est. Value
Highlights
- Deck
- Patio
- Hot Water Heating System
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.
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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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
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
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
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$98,000
Avg. Annual Appreciation
-37.67%
Original Mortgage
$157,500
Outstanding Balance
$156,252
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$50,748
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
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 Values in the Area
Average Home Value in this Area
Agents Specializing in Northwest Area, IA
-
Jaime Hymer
-
Matthew Lepic
Matthew Lepic
Lepic-Kroeger, REALTORS
(319) 844-5316
440 Total Sales
2 in Northwest Area
$149,000 Price Range
-
Jason Vestweber
Jason Vestweber
SKOGMAN REALTY
(319) 900-5760
120 Total Sales
1 in Northwest Area
$184,000 Price
-
Cat Brown
Cat Brown
Move In-Out Real Estate
(319) 432-0761
56 Total Sales
2 in Northwest Area
$147K - $165K Price Range
-
Thuy Nguyen
Thuy Nguyen
Real Broker LLC
(319) 220-0447
104 Total Sales
2 in Northwest Area
$185,000 Price Range
-
Chassy Pollard
Chassy Pollard
Better Way Realty
(319) 900-5113
209 Total Sales
4 in Northwest Area
$62K - $164K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $175,000 | None Listed On Document | ||
| Five Seasons Enterprises Llc | $135,000 | None Listed On Document | |
| Pfeiffer Robert J | $59,500 | -- | |
| Sirowy Roger J | -- | -- | |
| Gustafson Randy J | $61,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $157,500 | ||
| Previous Owner | Five Seasons Enterprises Llc | $108,000 | |
| Previous Owner | Pfeiffer Robert J | $51,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
CP
Seller's Agent in 2025
Chris Puckett
Realty87
3 in this area
46 Total Sales
-
Rick Povey
Buyer's Agent in 2025
Rick Povey
Realty87
(319) 389-5803
2 in this area
17 Total Sales
-
Jessica Tiernan
Seller's Agent in 2022
Jessica Tiernan
Realty87
(319) 573-9030
7 in this area
127 Total Sales
-
Bonnie Tiernan
Seller Co-Listing Agent in 2022
Bonnie Tiernan
Realty87
(319) 389-5633
5 in this area
68 Total Sales
-
Holly Puckett
HP
Buyer's Agent in 2022
Holly Puckett
Realty87
(319) 533-1828
2 in this area
16 Total Sales
Map
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2507835
APN: 14204-63011-00000
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.
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.
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