Great Investment Opportunity on the SE side of Cedar Rapids! This well-maintained multifamily property features four fully leased units-three-1 bedroom units, and 1-3 bedroom unit. Each unit is individually metered for gas and electricity. Owner pays water/garbage/recycling, and common area heat and electric. A shared, coin-operated laundry is available in the basement for added tenant convenience. Recent improvements included a full renovation of unit 4, featuring all new windows, doors, and refrigerator, Two other units have received minor updates including three new windows, and the wooden entry steps to the building have been rebuilt. Located near schools, parks, and public transit, this property offers reliable rental income, and long-term investment potential.
For sale
Price cut: $10K (11/5)
$183,000
809 17th St SE, Cedar Rapids, IA 52403
--beds
1baths
2,299sqft
Est.:
Multi Family, Residential
Built in 1910
-- sqft lot
$182,100 Zestimate®
$80/sqft
$-- HOA
What's special
New windowsMinor updates
- 216 days |
- 194 |
- 7 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: November 05, 2025 at 03:06pm
Listed by:
Ross Nusser 319-331-5206,
Urban Acres Real Estate,
Hope Nusser 319-759-9776,
Urban Acres Real Estate
Source: Iowa City Area AOR,MLS#: 202503114
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Microwave, Range Or Oven, Refrigerator, Washer
- Laundry: In Basement
Features
- Flooring: Carpet, Tile
- Basement: Stone,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,299
- Total interior livable area: 2,299 sqft
- Finished area above ground: 2,299
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,336 Square Feet
- Dimensions: 46 x 116
Details
- Parcel number: 142245901700000
- Zoning: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Residential
Materials
- Brick, Slate, Vinyl, Frame
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Close To School, Near Public Transport, Sidewalks, Street Lights
- Security: Smoke Detector(s)
- Subdivision: EPP'S FIRST STR/LB 2
HOA
- Services included: None
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $80/sqft
- Tax assessed value: $124,700
- Annual tax amount: $2,206
- Date on market: 5/9/2025
- Listing terms: Cash,Conventional
Estimated market value
$182,100
$173,000 - $191,000
$1,036/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/5/2025 | Price change | $183,000-5.2%$80/sqft |
Source: | ||
| 10/27/2025 | Price change | $193,000-1.3%$84/sqft |
Source: | ||
| 10/15/2025 | Price change | $195,500-1.8%$85/sqft |
Source: | ||
| 9/12/2025 | Price change | $199,000-7.4%$87/sqft |
Source: | ||
| 5/9/2025 | Listed for sale | $215,000+13.2%$94/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,206 +0.7% | $124,700 |
| 2023 | $2,190 -10.7% | $124,700 +20.1% |
| 2022 | $2,452 -6.8% | $103,800 +3.3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,015/mo
Principal & interest
$710
Property taxes
$241
Home insurance
$64
Climate risks
Neighborhood: Wellington Heights
Nearby schools
GreatSchools rating
- 4/10Grant Wood Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 4/10Mckinley Middle SchoolGrades: 6-8Distance: 0.3 mi
- 3/10George Washington High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: GrantWood
- Middle: Mckinley
- High: Washington
Source: Iowa City Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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