Investment Opportunity! This well-maintained 4-plex offers a fantastic opportunity for investors seeking steady rental income. Conveniently located in Southeast Cedar Rapids, this property is fully occupied with long-term tenants. The property features three 2 bed/1bath units, and one 1bed/1bath unit. Landlord pays water and gas, tenants pay electricity. New roof installed in 2023 and a new concrete walkway was completed in 2022. Don't mis this opportunity to own a sold multi-family investment!
Sold for $225,000 on 03/28/25
$225,000
1541 5th Ave SE, Cedar Rapids, IA 52403
--beds
--baths
1,680sqft
Multi Family
Built in 1961
-- sqft lot
$226,400 Zestimate®
$134/sqft
$1,056 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: March 28, 2025 at 11:14am
Listed by:
Ross Nusser 319-331-5206,
Urban Acres Real Estate Corridor
Bought with:
Tyler Colling
SKOGMAN REALTY
Source: CRAAR, CDRMLS,MLS#: 2500262
Originating MLS: Cedar Rapids Area Association Of Realtors

Facts & features
Interior
Heating
- Hot Water
Interior area
- Total interior livable area: 1,680 sqft
Property
Parking
- Parking features: Parking Space(s)
Lot
- Size: 5,619 sqft
- Dimensions: 5600
Details
- Parcel number: 142230500600000
- Zoning: Resident
- Zoning description: Resident
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Frame
Condition
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cedar Rapids
Other
Other facts
- Listing terms: Cash,Conventional
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$226,400
2% more+$4,528
With Zillow Showcase(estimated)$230,928