Discover a compelling investment opportunity with this well-maintained 2-unit multifamily property—ideal for both seasoned investors and those looking to enter the real estate market. This asset offers a strong combination of immediate cash flow potential and long-term appreciation.
Each unit features a functional layout with 2 beds and 1 bath, with updates along the way. The property has been consistently occupied with long term tenants, offering reliable rental income with upside potential through rent optimization.
For sale
$175,000
366 7th Ave SW, Cedar Rapids, IA 52404
--beds
--baths
1,352sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$108,100 Zestimate®
$129/sqft
$-- HOA
What's special
Updates along the way
- 2 days |
- 151 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: March 30, 2026 at 07:00am
Listed by:
Kristie Freese 319-310-4196,
Keller Williams Legacy Group
Source: CRAAR, CDRMLS,MLS#: 2602134
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsTour with a local agent
Facts & features
Interior
Heating
- Forced Air, Gas
Cooling
- Central Air
Features
- Basement: Full,Concrete
Interior area
- Total interior livable area: 1,352 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Parking Space(s)
- Has garage: Yes
Lot
- Size: 7,797.24 Square Feet
- Dimensions: 7815
Details
- Parcel number: 142832801000000
- Zoning: Res
- Zoning description: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stone
- 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: $129/sqft
- Tax assessed value: $124,700
- Annual tax amount: $1,910
- Date on market: 3/30/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
Estimated market value
$108,100
$86,000 - $129,000
$1,492/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/30/2026 | Listed for sale | $175,000+66.8%$129/sqft |
Source:  CRAAR, CDRMLS #2602134 Report a problem | ||
| 6/3/2015 | Listing removed | $104,900$78/sqft |
Source: Skogman Realty #1503851 Report a problem | ||
| 5/16/2015 | Listed for sale | $104,900+120.8%$78/sqft |
Source: Skogman Realty #1503851 Report a problem | ||
| 2/12/2003 | Sold | $47,500$35/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,910 +2.4% | $124,700 +18.2% |
| 2024 | $1,866 +0.9% | $105,500 |
| 2023 | $1,850 +11% | $105,500 +20.3% |
| 2022 | $1,666 +2.3% | $87,700 +9.1% |
| 2021 | $1,628 +2.6% | $80,400 +8.9% |
| 2020 | $1,586 +2.3% | $73,800 |
| 2019 | $1,550 | $73,800 +2.6% |
| 2018 | $1,550 +2.8% | $71,900 -7.3% |
| 2017 | $1,508 -10.8% | $77,600 +25.8% |
| 2016 | $1,690 +28.8% | $61,700 -4.6% |
| 2015 | $1,312 -4.7% | $64,657 +1% |
| 2014 | $1,376 +3.3% | $63,988 |
| 2013 | $1,332 +8.5% | $63,988 |
| 2012 | $1,228 | $63,988 |
| 2011 | -- | $63,988 +10.8% |
| 2010 | $1,008 | $57,756 -16.8% |
| 2008 | -- | $69,409 |
| 2007 | -- | $69,409 +8.5% |
| 2005 | -- | $63,984 +6.6% |
| 2004 | -- | $60,000 |
| 2003 | -- | $60,000 -16% |
| 2002 | -- | $71,455 +14% |
| 2001 | -- | $62,680 |
| 2000 | -- | $62,680 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,155/mo
Principal & interest
$930
Property taxes
$225
More affordability tools
Climate risks
Neighborhood: Taylor
Nearby schools
GreatSchools rating
- 4/10Taylor Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 2/10Wilson Middle SchoolGrades: 6-8Distance: 1.1 mi
- 1/10Thomas Jefferson High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Taylor
- 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.
Local experts in 52404
- Iowa
- Linn County
- Cedar Rapids
- 52404
- Taylor
- 366 7th Ave SW
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