728 4th Ave SE Cedar Rapids, IA 52401
Oak Hill Jackson NeighborhoodEstimated payment $921/month
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.
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
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 | $1,760 | $99,400 | $9,700 | $89,700 |
| 2024 | $1,702 | $92,800 | $9,700 | $83,100 |
| 2023 | $1,702 | $92,800 | $9,700 | $83,100 |
| 2022 | $1,590 | $75,300 | $9,700 | $65,600 |
| 2021 | $1,608 | $60,800 | $9,700 | $51,100 |
| 2020 | $1,608 | $56,900 | $9,700 | $47,200 |
| 2019 | $1,434 | $46,500 | $9,700 | $36,800 |
| 2018 | $1,498 | $46,500 | $9,700 | $36,800 |
| 2017 | $1,706 | $47,700 | $9,700 | $38,000 |
| 2016 | $1,706 | $47,700 | $9,700 | $38,000 |
| 2015 | $2,326 | $61,652 | $9,673 | $51,979 |
| 2014 | $2,326 | $58,804 | $6,440 | $52,364 |
| 2013 | $2,348 | $58,804 | $6,440 | $52,364 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/26/2026 03/26/26 | Pending | -- | -- | -- | |
| 10/17/2025 10/17/25 | For Sale | $145,000 | +3.6% | $74 / Sq Ft | |
| 06/24/2022 06/24/22 | Sold | $140,000 | 0.0% | $71 / Sq Ft | View Prior Sale |
| 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®
MLS Number: 2508721
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Ask me questions while you tour the home.