Sold for $129,000 on 09/22/25
$129,000
605 4th St SW, Cedar Rapids, IA 52404
--beds
--baths
1,720sqft
Multi Family
Built in 1900
-- sqft lot
$129,400 Zestimate®
$75/sqft
$1,032 Estimated rent
Home value
$129,400
$123,000 - $136,000
$1,032/mo
Zestimate® history
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Owner options
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What's special
Fantastic Investment Opportunity! Fully Occupied 4-Unit Building
This well-maintained four-plex is fully rented and generating income from day one! Current rents are $500, $435, $440, and $440 per month, with tenants responsible for all utilities—keeping your overhead low.
Why You’ll Love It:
Affordable entry into multi-family investing
Solid rental history with consistent occupancy
Tenants pay all utilities
Value-Add Potential:
Take this property to the next level by adding features like dishwashers, mini-split systems, or in-unit laundry to increase value and maximize rental income.
You won’t find another 4-plex at this price point and condition—don’t miss your chance to own a cash-flowing asset!
Zillow last checked: 8 hours ago
Listing updated: September 24, 2025 at 07:42am
Listed by:
Shannon Annis 319-310-3755,
Affinity Real Estate Services,
Liz Hudson Allen 319-259-2204,
Affinity Real Estate Services
Bought with:
Shannon Annis
Affinity Real Estate Services
Source: CRAAR, CDRMLS,MLS#: 2506245
Originating MLS: Cedar Rapids Area Association Of Realtors
Facts & features
Interior
Heating
- Forced Air, Gas
Cooling
- Wall/Window Unit(s)
Features
- Basement: Concrete
Interior area
- Total interior livable area: 1,720 sqft
Property
Lot
- Size: 3,223 sqft
- Dimensions: 3200
Details
- Parcel number: 142832800600000
- Zoning: R-3+
- Zoning description: R-3+
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding
- Foundation: Poured
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cedar Rapids
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2025 | Sold | $129,000-4.4%$75/sqft |
Source: | ||
| 8/25/2025 | Pending sale | $135,000$78/sqft |
Source: | ||
| 7/18/2025 | Listed for sale | $135,000+80%$78/sqft |
Source: | ||
| 7/15/2019 | Sold | $75,000$44/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,910 -10% | $107,900 |
| 2023 | $2,122 +5.9% | $107,900 +7.3% |
| 2022 | $2,004 -5.9% | $100,600 +22.5% |
Find assessor info on the county website
Neighborhood: Taylor
Nearby schools
GreatSchools rating
- 4/10Taylor Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 2/10Wilson Middle SchoolGrades: 6-8Distance: 1.1 mi
- 1/10Thomas Jefferson High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Cedar River Academy
- Middle: Wilson
- High: Jefferson
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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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$129,400
2% more+ $2,588
With Zillow Showcase(estimated)
$131,988


