809 17th St SE Cedar Rapids, IA 52403
Wellington Heights NeighborhoodEstimated payment $1,239/month
Highlights
- Brick or Stone Mason
- Property is near schools
- Forced Air Heating System
- Living Room
About This Home
Great Investment Opportunity on the SE side of Cedar Rapids! This well-maintained multifamily property features four fully leased units-three-1 bedroom units, and 1-3 bedroom unit. Each unit is individually metered for gas and electricity. Owner pays water/garbage/recycling, and common area heat and electric. A shared, coin-operated laundry is available in the basement for added tenant convenience. Recent improvements included a full renovation of unit 4, featuring all new windows, doors, and refrigerator, Two other units have received minor updates including three new windows, and the wooden entry steps to the building have been rebuilt. Located near schools, parks, and public transit, this property offers reliable rental income, and long-term investment potential.
Co-Listing Agent
Hope Nusser
Urban Acres Real Estate
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,206
Year Built
- Built in 1910
Lot Details
- Lot Dimensions are 46x116
Home Design
- Brick or Stone Mason
- Frame Construction
Interior Spaces
- 2,299 Sq Ft Home
- Living Room
- Unfinished Basement
- Stone or Rock in Basement
Kitchen
- Oven or Range
- Microwave
Laundry
- Dryer
- Washer
Location
- Property is near schools
- Property is near a bus stop
Schools
- Grant Wood Elementary School
- Mckinley Middle School
- Washington High School
Utilities
- Forced Air Heating System
- Heating System Mounted To A Wall or Window
- Internet Available
Listing and Financial Details
- Assessor Parcel Number 14224-59017-00000
Community Details
Overview
- 4 Units
- Epp's First Str/Lb 2 Subdivision
Building Details
- Electric Expense $960
- Insurance Expense $3,000
- Maintenance Expense $3,258
- Water Sewer Expense $400
- Gross Income $32,580
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 | $2,206 | $158,600 | $29,100 | $129,500 |
| 2024 | $2,190 | $124,700 | $25,800 | $98,900 |
| 2023 | $2,190 | $124,700 | $25,800 | $98,900 |
| 2022 | $2,452 | $103,800 | $23,500 | $80,300 |
| 2021 | $2,630 | $100,500 | $20,200 | $80,300 |
| 2020 | $2,630 | $99,600 | $22,400 | $77,200 |
| 2019 | $1,806 | $63,600 | $22,400 | $41,200 |
| 2018 | $1,888 | $63,600 | $22,400 | $41,200 |
| 2017 | $1,958 | $59,400 | $22,400 | $37,000 |
| 2016 | $1,958 | $59,400 | $22,400 | $37,000 |
| 2015 | $2,892 | $84,139 | $22,393 | $61,746 |
| 2014 | $2,892 | $86,162 | $8,879 | $77,283 |
| 2013 | $2,948 | $86,162 | $8,879 | $77,283 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | Price Changed | $199,000 | -7.4% | $87 / Sq Ft |
| 05/09/2025 05/09/25 | For Sale | $215,000 | +13.2% | $94 / Sq Ft |
| 03/20/2024 03/20/24 | Sold | $189,900 | 0.0% | $83 / Sq Ft |
| 02/14/2024 02/14/24 | Pending | -- | -- | -- |
| 02/13/2024 02/13/24 | For Sale | $189,900 | 0.0% | $83 / Sq Ft |
| 02/09/2024 02/09/24 | Off Market | $189,900 | -- | -- |
| 08/10/2023 08/10/23 | For Sale | $189,900 | +89.9% | $83 / Sq Ft |
| 11/26/2019 11/26/19 | Sold | $100,000 | -9.0% | $43 / Sq Ft |
| 10/17/2019 10/17/19 | Pending | -- | -- | -- |
| 10/11/2019 10/11/19 | Price Changed | $109,900 | -8.3% | $48 / Sq Ft |
| 08/26/2019 08/26/19 | For Sale | $119,900 | +103.2% | $52 / Sq Ft |
| 12/20/2013 12/20/13 | Sold | $59,000 | -21.2% | $26 / Sq Ft |
| 11/25/2013 11/25/13 | Pending | -- | -- | -- |
| 08/02/2013 08/02/13 | For Sale | $74,900 | -- | $33 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100,000 | None Available | |
| Warranty Deed | $59,000 | None Available | |
| Warranty Deed | $80,000 | None Available | |
| Warranty Deed | $71,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $80,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $58,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $58,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $57,600 | Commercial |
Source: Iowa City Area Association of REALTORS®
MLS Number: 202503114
APN: 14224-59017-00000
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Listing information is deemed reliable, but not guaranteed accurate by the MLS.
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