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!
Pending
$199,000
702 9th St SW, Cedar Rapids, IA 52404
--beds
--baths
2,303sqft
Est.:
Multi Family
Built in 1905
-- sqft lot
$190,700 Zestimate®
$86/sqft
$-- HOA
What's special
Detached garageUpdated mechanicalsAlley accessLow-maintenance exteriorNew roof
- 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#: 2504710
Originating 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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