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Pending
  • $199,000

    702 9th St SW, Cedar Rapids, IA 52404

    --beds
    --baths
    2,303sqft
    : 
    Multi Family
    Built in 1905
    -- sqft lot
    $190,700 Zestimate®
    $86/sqft
    $-- HOA

    What's special

    Detached garageUpdated mechanicalsAlley accessLow-maintenance exteriorNew roof
    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!
    37 days
    on Zillow
    |
    238
    |
    35
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: July 25, 2025 at 07:18am

    Listed by:

    Jeremy Trenkamp Real Estate Team 319-270-1323,

    Realty87

    Source: CRAAR, CDRMLS,MLS#: 2504710MLS LogoOriginating MLS: Cedar Rapids Area Association Of Realtors
    Travel times

    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: 7,666.56 Square Feet
    • 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 & HOA

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

    Financial & listing details

    • Price per square foot: $86/sqft
    • Tax assessed value: $162,700
    • Annual tax amount: $2,880
    • Date on market: 6/25/2025
    • Listing terms: Cash,Conventional
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