1249 3rd Avenue SE Cedar Rapids, IA 52403
Listing Courtesy of: CEDAR RAPIDS / Coldwell Banker Hedges Realty / Beth Mackey

  1249 3rd Avenue SE Cedar Rapids, IA 52403

Active (84 Days)
$300,000
2,776
SQFT
See Similar Listings

Description

This investment property is a five-unit multifamily building (5-plex) consisting of five one-bedroom units. Two of the units are equipped with in-unit laundry, while the remaining three tenants have access to a common laundry area located in the basement. The property has a solid rental history, with consistent occupancy and reliable tenants. The last city inspection was completed in July 2024, ensuring compliance with local housing codes and regulations. Each unit pays their own electric. Owner pays trash, water and common area electric.

MLS #:
2500210
Taxes
$1,820
Lot Size
5,619 SQFT
Type
Multifamily
Year Built
1900
County
Linn County

Listed By

Beth Mackey, Coldwell Banker Hedges Realty
Source
CEDAR RAPIDS
Last checked Apr 3 2025 at 7:00 PM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Common Area
  • Laundry: In Unit
Heating and Cooling
  • Electric
  • See Remarks
  • Wall/Window Unit(s)
Basement Information
  • Full
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
School Information
  • Elementary School: Johnson
  • Middle School: McKinley
  • High School: Washington
Parking
  • Parking Space(s)
Living Area
  • 2,776 sqft
Location
Map View | Street View
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time
Powered by Walk Score®
Disclaimer: Copyright 2025 Cedar Rapids Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/3/25 12:00