Interiors: Functional 2-bed/1-bath configurations, central air conditioning, select units featuring fireplaces or private balconies.Community Conveniences: Shared on-site laundry facilities and dedicated off-street parking. Garages also available for rent.Utility Structure: Landlord covers water and trash removal; tenants are responsible for individual gas and electric usage.Financial & Market UpsideStable Rental Demand: Historically strong demand for affordable 2-bedroom suburban rentals, with market rents tracking around $800 to $895+ per month per unit.Value-Add Potential: Built in 1977, the property offers incoming investors a classic operational footprint with opportunities to modernize unit interiors and optimize rental income streams
Listing agent is a licensed broker in the state of Iowa.
For sale
$1,300,000
1601-1607 Center Point Rd NE, Cedar Rapids, IA 52402
--beds
--baths
7,168sqft
Multi Family
Built in 1966
-- sqft lot
$-- Zestimate®
$181/sqft
$-- HOA
What's special
Central air conditioningPrivate balconies
- 1 day
- 96
- 5
Zillow last checked:
Listing updated:
Listed by:
Tyrone Galbreath 309-644-0815,
Freedom REMI LLC
Source: CRAAR, CDRMLS,MLS#: 2606437
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Laundry: Common Area
Features
- Basement: Concrete
Interior area
- Total interior livable area: 7,168 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Lot
- Size: 0.9 Acres
- Dimensions: 39204
Details
- Parcel number: 141612601800000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding
- Foundation: Poured
Condition
- Year built: 1966
Utilities & green energy
- Sewer: Community/Coop Sewer, Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & HOA
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $181/sqft
- Annual tax amount: $19,702
- Date on market: 9/13/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/13/2026 | Listed for sale | $1,300,000$181/sqft |
Source:  CRAAR, CDRMLS #2606437 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 52402
Nearby schools
Schools provided by the listing agent
- Elementary: Trailside
- Middle: Franklin
- 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.
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