$145,000
$5K PRICE DROP

728 4th Ave SE Cedar Rapids, IA 52401

Oak Hill Jackson Neighborhood

Estimated payment $913/month

Total Views 6,395
-- Bed
-- Bath
1,960 Sq Ft
$74 Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas
  • 5-minute walk to Greene Square Park

About This Home

Fully leased 5 Unit Property with one 1 Bed/1 Bath on the main level and 4 efficiency units with shared bathroom. Long term tenant in 1 Bedroom unit for $472. Efficiencies leased out at $395 per month. Gross rents for this building $2052.00. Boiler less than 2 years old. Recently painted and newer flooring. Metal roof. Shared laundry in adjacent building. Owner pays all utilities. Must bed purchased with adjacent property 317 8th St SE, Cedar Rapids, MLS 2406835 parcel 14214-80002-00000. 24 Hour notice required.

Listing Agent

Bryant Nicholson

Affinity Real Estate Services Listed on: 05/25/2025

Affinity Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,760

Year Built

  • Built in 1900

Lot Details

  • 3,964 Sq Ft Lot

Home Design

  • 1,960 Sq Ft Home
  • Frame Construction
  • Aluminum Siding

Schools

  • Grant Wood Elementary School
  • Mckinley Middle School
  • Washington High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 142148000100000

Community Details

Overview

  • 5 Units

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $11,242
  • Gross Income $24,624
  • Net Operating Income $13,382

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,760

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.091
  • Reso Pets Allowed: Yes
  • Co List Office Phone: 319-393-0814
  • MLS Status: Active
  • Directions: 1st Ave to 8th Street
  • Year Built: 1900
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: See Remarks

Exterior Features

  • Construction Type: Aluminum Siding, Frame

Garage/Parking

  • Parking Features: Parking Space(s)
  • Total Parking Spaces: 3.0

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Grant Wood
  • High School: Washington
  • Middle Or Junior School: McKinley

Lot Info

  • Lot Dimensions: 3975
  • ResoLotSizeUnits: Acres
  • Parcel Number: 142148000100000

Rental Info

  • Owner Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 24624.0
  • Net Operating Income: 13382.0
  • Number Of Units Total: 5
  • Annual Operating Expense: 11242.0

Tax Info

  • Tax Annual Amount: 1760.0

Map

Range of Values:

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Average Value
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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
08/01/2025 08/01/25 Price Changed $145,000 -3.3% $74 / Sq Ft
05/25/2025 05/25/25 For Sale $150,000 +7.1% $77 / Sq Ft
06/24/2022 06/24/22 Sold $140,000 0.0% $71 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $140,000 -- $71 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2503810

Cedar Rapids Area Association of REALTORS®
Iowa Linn County Cedar Rapids 52401 Oak Hill Jackson

728 4th Ave SE, Cedar Rapids, IA

This home is located at 728 4th Ave SE, Cedar Rapids, IA 52401 and is currently priced at $145,000, approximately $73 per square foot. This property was built in 1900. 728 4th Ave SE is a home located in Linn County with nearby schools including Grant Wood Elementary School, McKinley STEAM Academy, and George Washington High 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.

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Bryant Nicholson
Listing Agent
Bryant Nicholson
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Affinity Real Estate Services
(319) 343-1589