Excellent multi-family investment opportunity! This property offers four sizable 2-bedroom, 1-bath units, each with historic character and charm. Ideally located within walking distance of Mercy Medical Center, St. Luke’s Hospital, and Coe College, it is well-suited for short-term, mid-term, or long-term rental strategies. Recent improvements include a newly poured concrete pad providing four dedicated off-street parking spaces. Photos are from 2022 post seller renovations. Property is subject to 48-hour tenant rights.
Sold for $185,000 on 09/08/25
$185,000
1211 2nd Ave SE, Cedar Rapids, IA 52403
--beds
--baths
3,667sqft
Multi Family
Built in 1880
-- sqft lot
$186,200 Zestimate®
$50/sqft
$1,173 Estimated rent
Home value
$186,200
$175,000 - $197,000
$1,173/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 09, 2025 at 12:25pm
Listed by:
Heather Aswegan 319-560-2823,
Keller Williams Legacy Group
Bought with:
Heather Aswegan
Keller Williams Legacy Group
Source: CRAAR, CDRMLS,MLS#: 2506593
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Heating
- Forced Air, Gas
Appliances
- Laundry: Common Area
Features
- Basement: Full
Interior area
- Total interior livable area: 3,667 sqft
Property
Parking
- Total spaces: 4
- Parking features: Parking Space(s)
Lot
- Size: 6,969 sqft
- Dimensions: 140 x 50
Details
- Parcel number: 142232700700000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
Condition
- Year built: 1880
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & neighborhood
Location
- Region: Cedar Rapids
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2025 | Sold | $185,000-7%$50/sqft |
Source:  CRAAR, CDRMLS #2506593 | ||
| 8/8/2025 | Pending sale | $199,000$54/sqft |
Source: CRAAR, CDRMLS #2506593 | ||
| 7/29/2025 | Listed for sale | $199,000+33.6%$54/sqft |
Source: CRAAR, CDRMLS #2506593 | ||
| 11/15/2022 | Sold | $149,000-3.9%$41/sqft |
Source: CRAAR, CDRMLS #2105054 | ||
| 10/13/2021 | Pending sale | $155,000$42/sqft |
Source: CRAAR, CDRMLS #2105054 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,668 +5.2% | $142,600 +1.4% |
| 2023 | $2,536 -13.6% | $140,600 +25.3% |
| 2022 | $2,934 +4.6% | $112,200 |
Find assessor info on the county website
Neighborhood: Wellington Heights
Nearby schools
GreatSchools rating
- 1/10Johnson STEAM Academy SchoolGrades: K-5Distance: 0.6 mi
- 4/10Mckinley Middle SchoolGrades: 6-8Distance: 0.4 mi
- 3/10George Washington High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Johnson
- Middle: McKinley
- High: Washington
Source: CRAAR, CDRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$186,200
2% more+ $3,724
With Zillow Showcase(estimated)
$189,924