Great investment opportunity! Check out this upper/lower duplex with many updates. Both units are vacant so you can interview and choose your own tenants. Lower Unit is 2 Bedroom. Upper Unit is 3 Bedroom. NEW ROOF on the property. New flooring in areas of each unit, Updated or refreshed cabinets. Updated bathrooms. New vinyl windows installed with existing updated windows in the units. Tenants pay electric and gas, landlord pays water/garbage. Each unit has their own private entry. Close to downtown and I-380. Sold "as-is". Any and all inspections are for buyers knowledge only.
For sale
Price increase: $28K (10/3)
$158,000
369 15th St SE, Cedar Rapids, IA 52403
--beds
--baths
2,480sqft
Est.:
Multi Family
Built in 1895
-- sqft lot
$152,300 Zestimate®
$64/sqft
$-- HOA
What's special
Private entryUpdated bathroomsNew flooringNew roofUpdated or refreshed cabinetsNew vinyl windows
- 257 days |
- 120 |
- 6 |
Zillow last checked: 8 hours ago
Listing updated: October 03, 2025 at 09:23am
Listed by:
Warren Engelbart 319-981-1200,
REAL ESTATE AMERICA, INC.,
Tracy Engelbart 319-329-1100,
REAL ESTATE AMERICA, INC.
Source: CRAAR, CDRMLS,MLS#: 2502136
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsTour with a local agent
Facts & features
Interior
Heating
- Forced Air, Gas
Features
- Basement: Full
Interior area
- Total interior livable area: 2,480 sqft
Video & virtual tour
Property
Lot
- Size: 2,178 Square Feet
- Dimensions: 36 x 60
Details
- Parcel number: 14222502600000
- Zoning: Res
- Zoning description: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding
- Foundation: Block
Condition
- Year built: 1895
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & HOA
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $64/sqft
- Tax assessed value: $117,600
- Annual tax amount: $2,131
- Date on market: 3/28/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
Estimated market value
$152,300
$145,000 - $160,000
$974/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2025 | Price change | $158,000+21.5%$64/sqft |
Source:  CRAAR, CDRMLS #2502136 Report a problem | ||
| 7/25/2025 | Price change | $130,000-7.1%$52/sqft |
Source: CRAAR, CDRMLS #2502136 Report a problem | ||
| 5/27/2025 | Price change | $140,000-6%$56/sqft |
Source: CRAAR, CDRMLS #2502136 Report a problem | ||
| 5/7/2025 | Price change | $149,000-5.7%$60/sqft |
Source: CRAAR, CDRMLS #2502136 Report a problem | ||
| 3/28/2025 | Listed for sale | $158,000+43.6%$64/sqft |
Source: CRAAR, CDRMLS #2502136 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,140 -5.7% | $117,600 -2.7% |
| 2023 | $2,270 +14% | $120,900 +12.4% |
| 2022 | $1,992 -16.4% | $107,600 +11.9% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$876/mo
Principal & interest
$613
Property taxes
$208
Home insurance
$55
Climate risks
Neighborhood: Wellington Heights
Nearby schools
GreatSchools rating
- 1/10Johnson STEAM Academy SchoolGrades: K-5Distance: 0.3 mi
- 4/10Mckinley Middle SchoolGrades: 6-8Distance: 0.5 mi
- 3/10George Washington High SchoolGrades: 9-12Distance: 1.3 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.
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