$155,000
SOLD JAN 29, 2026
6 Beds
4 Baths
2,299 Sq Ft
5,489 Sq Ft Lot

Recently Sold

$67 Per Sq Ft

28% Below List Price

244 Days on Market

Highlights

  • Brick or Stone Mason
  • Property is near schools and bus stop
  • Forced Air Heating System
  • Living Room

About This Home

As of January 2026

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.

Last Agent to Sell the Property

Ross Nusser

Urban Acres Real Estate Corridor Listed on: 05/09/2025

Urban Acres Real Estate Corridor

Co-Listed By

Hope Nusser

Urban Acres Real Estate

Last Buyer's Agent

Nonmember NONMEMBER

NONMEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

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

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

Additional Features

  • Lot Dimensions are 46x116
  • Property is near schools and bus stop

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

5,489 Sq Ft Lot

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: 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.
  • Year Built: 1910
  • Subdivision: EPP'S FIRST STR/LB 2
  • Rental Permit: Yes
  • Water Annually: 400
  • Directions: Head E on Mt Vernon Rd SE, turn North onto 17th St SE, Building will be on your left.
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Close to School, On Bus Line
  • Basement Remarks: Stone, Unfinished
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator, Dryer, Microwave, Washer
  • Sq Ft Above: 2299

Exterior Features

  • Construction: Brick, Frame

Garage/Parking

  • Parking Spaces: None

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 960
  • Heating Cooling: Window/Wall Units, Forced Air

Condo/Co-op/Association

  • Fees Include: None

Schools

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

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 46x116
  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 14224-59017-00000

Multi Family

  • Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2025
Closed on
Jan 26, 2026
Sold by
Iccr Rental Llc
Bought by
Brick And Beam Rei Llc
Seller's Agent
Ross Nusser
Urban Acres Real Estate Corridor
Buyer's Agent
Nonmember NONMEMBER
NONMEMBER
List Price
$215,000
Sold Price
$155,000
Premium/Discount to List
-$60,000
-27.91%
Views
186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2189.68%

Purchase Details

Listed on
Aug 26, 2019
Closed on
Nov 26, 2019
Sold by
Bcmt Llc
Bought by
Wingshooter Properties Llc
Seller's Agent
Jeremy Emmert
Realty87
Buyer's Agent
Tim Sebetka
Realty87
List Price
$119,900
Sold Price
$100,000
Premium/Discount to List
-$19,900
-16.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.35%
Original Mortgage
$80,000
Interest Rate
3.75%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Aug 2, 2013
Closed on
Dec 20, 2013
Sold by
Shaw Stanley C
Bought by
Bcmt Llc
Seller's Agent
Christina Axvig
Realty87
Buyer's Agent
Dawn Brown
MARIAN ARENS ELITE REALTY
List Price
$74,900
Sold Price
$59,000
Premium/Discount to List
-$15,900
-21.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.29%
Original Mortgage
$58,000
Interest Rate
4.23%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Aug 2, 2013
Closed on
Dec 18, 2013
Sold by
Fiacco Travis J
Bought by
Shaw Stanley C
Seller's Agent
Christina Axvig
Realty87
Buyer's Agent
Dawn Brown
MARIAN ARENS ELITE REALTY
List Price
$74,900
Sold Price
$59,000
Premium/Discount to List
-$15,900
-21.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
4.23%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 15, 2004
Sold by
Walters Roger D and Walters Donetta M
Bought by
Fiacco Travis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,600
Interest Rate
5.48%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $155,000 None Listed On Document
Warranty Deed $100,000 None Available
Warranty Deed $59,000 None Available
Warranty Deed $80,000 None Available
Warranty Deed $71,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $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: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/29/2026 01/29/26 Sold $155,000 -15.3% $67 / Sq Ft
01/08/2026 01/08/26 Pending -- -- --
11/05/2025 11/05/25 Price Changed $183,000 -5.2% $80 / Sq Ft
10/27/2025 10/27/25 Price Changed $193,000 -1.3% $84 / Sq Ft
10/19/2025 10/19/25 Price Changed $195,500 -1.8% $85 / Sq Ft
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 View Prior Sale
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 View Prior Sale
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 View Prior Sale
11/25/2013 11/25/13 Pending -- -- --
08/02/2013 08/02/13 For Sale $74,900 -- $33 / Sq Ft
Source: Iowa City Area Association of REALTORS®

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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202503114

Iowa City Area Association of REALTORS®

APN: 14224-59017-00000

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