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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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    $1,032/mo

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    $1,032/mo

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    $715/mo

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    $715/mo

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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#: 2506245MLS LogoOriginating 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

    DateEventPrice
    9/22/2025Sold$129,000-4.4%$75/sqft
    Source: CRAAR, CDRMLS #2506245
    8/25/2025Pending sale$135,000$78/sqft
    Source: CRAAR, CDRMLS #2506245
    7/18/2025Listed for sale$135,000+80%$78/sqft
    Source: CRAAR, CDRMLS #2506245
    7/15/2019Sold$75,000$44/sqft
    Source: Public Record

    Public tax history

    YearProperty taxesTax 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
    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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    An equal housing lender. NMLS #10287.

    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