$189,900
SOLD MAR 20, 2024
-- Bed
-- Bath
2,299 Sq Ft
5,489 Sq Ft Lot

Recently Sold

$83 Per Sq Ft

188 Days on Market

About This Home

As of March 2024

Looking for a low maintenance multi-family investment property? Come check out 809 17th St SE. This multi-family property offers a total of four well-maintained units, each boasting comfort, convenience, and upgrades. With its excellent location and attractive features, this property is perfect for savvy investors or an individual seeking an income-generating asset.
Situated in a great neighborhood, this property enjoys easy access to schools, parks, downtown, and major transportation routes. Tenants will appreciate the proximity to all the amenities Cedar Rapids has to offer, enhancing the property's appeal and desirability.
This property consists of three 1-bedroom, 1-bath apartments and one 3-bedroom, 1-bath apartment, which presents an excellent opportunity for steady rental income. The combination of well-maintained apartments, a new roof in 2020, and a prime location ensures minimal vacancies and a favorable return on investment. Plus, the building passed the City of Cedar Rapids rental inspection in April of 2023. Whether you're an investor looking for a profitable venture or an individual seeking an income stream, 809 17th St SE offers a blend of functionality, convenience, and value. Don't miss this chance to own a multi-family property that provides a comfortable and updated living space for tenants while promising a rewarding investment venture. Act quickly, as this opportunity won't last long!

Last Agent to Sell the Property

Justin Sloan

Pinnacle Realty LLC Listed on: 08/10/2023

Pinnacle Realty LLC

Last Buyer's Agent

Ross Nusser

Urban Acres Real Estate Corridor

Urban Acres Real Estate Corridor

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,190

Year Built

1910

Lot Details

0

Listing Details

  • Acres: 0.1260
  • City Name: Cedar Rapids
  • Expense Info: Owner Provided
  • Gross Tax: 2452
  • List User Cell Phone: 319-521-0101
  • Miscellaneous: Common Laundry-Owned, Rent Permit, Sep. Meter – Electric, Sep. Meter – Gas
  • Net Tax: 2452
  • Noof Units One Bedroom: 3
  • Noof Units Three Bedroom: 1
  • Property Sub Types: 1-4 Units
  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Sq Ft: 82.60
  • Total Sq Ft: 2299
  • Style St: Side/Side, Upper/Lower
  • Tenants Responsibilities Include: Electricity, Gas
  • Water Sewer Roads: City Sewer, City Water
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Interior Features

  • Basement: Full

Exterior Features

  • Construction Methods: Frame
  • Exterior: Brick

Utilities

  • Heating Cooling: Forced Air, Window/Wall Air

Schools

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

Lot Info

  • Lot Size: 5481

Rental Info

  • Owner Pays: Water
  • Total Expenses: 7969

Multi Family

  • Gross Income: 29995
  • Net Operating Income: 22026.00

Ownership History

Date Name Owned For Owner Type

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
12.28%
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

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Range of Values:

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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 $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
Open $147,200 Credit Line Revolving
Closed $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 Change Sq Ft Price
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
Source: Cedar Rapids Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
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: Cedar Rapids Area Association of REALTORS®

MLS Number: 2305308

Cedar Rapids Area Association of REALTORS®

APN: 14224-59017-00000