Small footprint. Real upside. This 516 square foot 1 bedroom, 1 bath home in southeast Cedar Rapids sits on a quarter acre, and the lot is the story. Apartment-sized living with open ground around it, which means room to grow into rather than a ceiling on your investment. The home needs updating throughout and is offered as-is, and that is exactly why the price works. Whether you are looking for a low basis rental, a project with a defined budget, or a way to stop writing rent checks, this one gives you a foothold at a number that is hard to find in the corridor. The parcel is currently being replatted from .75 acres to .25 acres; contact agent for current status and legal description. Any future addition is subject to City of Cedar Rapids zoning and setback approval, and buyer is encouraged to verify. Cash or commercial financing. Priced at $75,000.
For sale
$75,000
2045 High Dr SE, Cedar Rapids, IA 52403
1beds
576sqft
Single Family Residence
Built in 1963
0.25 Acres Lot
$141,500 Zestimate®
$130/sqft
$-- HOA
What's special
- 4 days |
- 760 |
- 32 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jerome Edwards 319-594-2525,
Pinnacle Realty LLC
Source: CRAAR, CDRMLS,MLS#: 2605689
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Other
- Level: First
Heating
- Gas
Appliances
- Included: Gas Water Heater
Features
- Bath in Primary Bedroom, Main Level Primary
- Basement: Full
Interior area
- Total interior livable area: 576 sqft
- Finished area above ground: 576
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage, Off Street, On Street
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Patio
Lot
- Size: 0.25 Acres
- Dimensions: .25 Acre
Details
- Parcel number: 143522900100000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame, Vinyl Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $130/sqft
- Tax assessed value: $147,500
- Annual tax amount: $2,396
- Date on market: 8/11/2026
- Listing terms: Cash,Conventional
Estimated market value
$141,500
$122,000 - $161,000
$1,056/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Listed for sale | $75,000+31.6%$130/sqft |
Source:  CRAAR, CDRMLS #2605689 Report a problem | ||
| 12/22/2003 | Sold | $57,000$99/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,396 -9.5% | $147,500 +11.5% |
| 2024 | $2,647 -10.1% | $132,300 +11% |
| 2023 | $2,945 +16.9% | $119,200 +3.3% |
| 2022 | $2,518 +23.2% | $115,400 +5.5% |
| 2021 | $2,044 +1.9% | $109,400 +18.1% |
| 2020 | $2,005 +8.5% | $92,600 |
| 2019 | $1,848 | $92,600 +8.1% |
| 2018 | $1,848 +2.9% | $85,700 -0.8% |
| 2017 | $1,796 -4.6% | $86,400 +0.2% |
| 2016 | $1,882 +2.7% | $86,200 +1.1% |
| 2015 | $1,832 +0.9% | $85,296 |
| 2014 | $1,816 +72.8% | $85,296 |
| 2013 | $1,051 -35.9% | $85,296 |
| 2012 | $1,638 | $85,296 |
| 2011 | -- | $85,296 |
| 2010 | $1,512 | $85,296 -0.2% |
| 2008 | -- | $85,445 0% |
| 2007 | -- | $85,446 +9.1% |
| 2005 | -- | $78,338 +24.7% |
| 2004 | -- | $62,813 |
| 2003 | -- | $62,813 +10.1% |
| 2002 | -- | $57,049 +14.7% |
| 2001 | -- | $49,720 |
| 2000 | -- | $49,720 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Cedar Valley
Nearby schools
GreatSchools rating
- 5/10Erskine Elementary SchoolGrades: K-5Distance: 1.6 mi
- 3/10McKinley STEAM AcademyGrades: 6-8Distance: 1.6 mi
- 4/10George Washington High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Erskine
- Middle: McKinley
- High: Washington
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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A local agent can set up tours, give advice and negotiate with sellers.
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