Investors, take note! This well-maintained property on 1st Ave presents an excellent opportunity. The main level features a versatile commercial space, previously used as a beauty salon, ideal for a variety of business ventures. The upper level offers two beautifully remodeled one-bedroom apartments, with a private entrance for added convenience and privacy.
The building is equipped with three newer furnaces and three newer central air units, all individually metered. Tenants are responsible for gas and electric, while the owner covers water and garbage.
Fully leased and generating income, this property is a turnkey investment. Schedule your private showing today!
Sold for $273,900 on 07/17/25
$273,900
3902 1st Ave NE, Cedar Rapids, IA 52402
--beds
--baths
1,904sqft
Multi Family
Built in 1956
-- sqft lot
$273,900 Zestimate®
$144/sqft
$1,128 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 17, 2025 at 11:59am
Listed by:
Laura Merchan 319-551-8900,
SKOGMAN REALTY
Bought with:
Julie Kraus
IOWA REALTY
Source: CRAAR, CDRMLS,MLS#: 2503852
Originating MLS: Cedar Rapids Area Association Of Realtors

Facts & features
Interior
Heating
- Gas
Cooling
- Central Air
Appliances
- Laundry: Common Area
Interior area
- Total interior livable area: 1,904 sqft
Property
Parking
- Parking features: Parking Space(s)
Lot
- Size: 6,708 sqft
Details
- Parcel number: 141122803400000
- Zoning: Commerci
- Zoning description: Commerci
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Wood Siding
Condition
- Year built: 1956
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
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$273,900
2% more+ $5,478
With Zillow Showcase(estimated)
$279,378