Turnkey Triplex–Fully Renovated and Ready for Cash Flow! Don't miss this exceptional investment opportunity on the quiet SW side of Cedar Rapids! Clean and fully updated its ready for a new owner to start collecting income immediately. Recent renovations within the last 6 years include: new roof, siding, windows, paint, flooring, full kitchen and bathroom remodels, and updated mechanicals—all separated for tenant convenience. Each unit has its own electric meter, while the owner covers water. The building is currently vacant, allowing for easy showings and flexibility for owner-occupants or new tenant placements. Rental History: (2) One-bedroom units previously rented at $675 and $715 (1) Three-bedroom upper unit previously rented at $1,040The property also features alley access, a detached garage, and low-maintenance exterior. This is a perfect addition to your rental portfolio or a great start for a first-time investor!
Sold for $186,000 on 08/27/25
$186,000
702 9th St SW, Cedar Rapids, IA 52404
--beds
--baths
2,303sqft
Multi Family
Built in 1905
-- sqft lot
$186,200 Zestimate®
$81/sqft
$1,010 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 16, 2025 at 07:51am
Listed by:
Jeremy Trenkamp Real Estate Team 319-270-1323,
Realty87
Bought with:
Erin Allen
Realty87
Source: CRAAR, CDRMLS,MLS#: 2504710
Originating MLS: Cedar Rapids Area Association Of Realtors
Facts & features
Interior
Heating
- Forced Air, Gas
Cooling
- Central Air
Interior area
- Total interior livable area: 2,303 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage
- Has garage: Yes
Features
- Patio & porch: Deck, Patio
Lot
- Size: 7,666 sqft
- Dimensions: .176
Details
- Parcel number: 142940301000000
- Zoning: Res
- Zoning description: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding
- Foundation: Block
Condition
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cedar Rapids
Other
Other facts
- Listing terms: Cash,Conventional
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$186,200
2% more+$3,724
With Zillow Showcase(estimated)$189,924