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
$186,800 Zestimate®
$81/sqft
$1,035 Estimated rent
Home value
$186,800
$174,000 - $202,000
$1,035/mo
Zestimate® history
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What's special
Zillow last checked: 8 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
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & 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
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2025 | Sold | $186,000-6.5%$81/sqft |
Source:  CRAAR, CDRMLS #2504710 | ||
| 7/25/2025 | Pending sale | $199,000$86/sqft |
Source: CRAAR, CDRMLS #2504710 | ||
| 6/25/2025 | Listed for sale | $199,000+10.6%$86/sqft |
Source: CRAAR, CDRMLS #2504710 | ||
| 8/24/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium_1 | ||
| 7/18/2022 | Listed for rent | $585+6.4% |
Source: Zillow Rental Network Premium | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,880 -11.9% | $162,700 |
| 2023 | $3,268 -13.5% | $162,700 +5% |
| 2022 | $3,780 +32.7% | $154,900 |
Find assessor info on the county website
Neighborhood: Taylor
Nearby schools
GreatSchools rating
- 4/10Taylor Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 2/10Wilson Middle SchoolGrades: 6-8Distance: 1.2 mi
- 1/10Thomas Jefferson High SchoolGrades: 9-12Distance: 0.9 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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$186,800
2% more+ $3,736
With Zillow Showcase(estimated)
$190,536