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For sale
  • $135,000

    605 4th St SW, Cedar Rapids, IA 52404

    --beds
    --baths
    1,720sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $126,300 Zestimate®
    $78/sqft
    $-- HOA

    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!
    27 days
    on Zillow
    |
    507
    |
    43
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 06, 2025 at 04:38pm

    Listed by:

    Shannon Annis 319-310-3755,

    Affinity Real Estate Services,

    Liz Hudson Allen 319-259-2204,

    Affinity Real Estate Services

    Source: CRAAR, CDRMLS,MLS#: 2506245MLS LogoOriginating MLS: Cedar Rapids Area Association Of Realtors
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 605 4th St SW.

    Next available tour time:Tomorrow at 5pm

    Facts & features

    Interior

    Heating
    • Forced Air, Gas
    Cooling
    • Wall/Window Unit(s)
    Features
    • Basement: Concrete
    Interior area
    • Total interior livable area: 1,720 sqft
    Video & virtual tour

    Property

    Lot
    • Size: 3,223.44 Square Feet
    • 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 & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Cedar Rapids

    Financial & listing details

    • Price per square foot: $78/sqft
    • Tax assessed value: $119,300
    • Annual tax amount: $1,910
    • Date on market: 7/18/2025
    • Tenant pays: Electricity, Gas, Water
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