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Sold on 03/28/2025

1541 5th Ave SE, Cedar Rapids, IA 52403

$225,000

Last sold 03/28/2025 for $225K

  • —

    bed

  • —

    bath

  • 3,360

    Sqft ($67/Sqft)

Multi-family not for sale
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About 1541 5th Ave SE

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
Movoto estimate
Property description
Investment Opportunity! This well-maintained 4-plex offers a fantastic opportunity for investors seeking steady rental income. Conveniently located in Southeast Cedar Rapids, this property is fully occupied with long-term tenants. The property features three 2 bed/1bath units, and one 1bed/1bath unit. Landlord pays water and gas, tenants pay electricity. New roof installed in 2023 and a new concrete walkway was completed in 2022. Don't mis this opportunity to own a sold multi-family investment!
Listed by
Listing Agent - Ross Nusser
Listing Agent Contact: 319-351-1111
Listing Office - Urban Acres Real Estate Corridor
Source: Iowa City Area Association of REALTORS® mls logo
MLS#202500448 • last updated 1 year ago
Movoto checked Iowa City Area Association of REALTORS® for data 7 hours ago
Overview
Heating Baseboard, Steam
Levels/Style TwoStories
MLS # 202500448
SubType MultiFamily
Status Sold
Property Tax 3216
Year Built 1961
Interior
Total # of Bathrooms 1
Flooring Carpet
Fireplace None
Exterior
Construction Wood, Frame
Parking OffStreet
# of Parking Spaces 4
Exterior Features Deck, FencedYard
Location
Community Features Sidewalks, StreetLights
Area OutOfArea
Subdivision Wellington Heights
Elementary School Johnson
Middle School Mckinley
High School Washington
APN 14223-05006-00000
Directions From First Ave SE, Turn South Onto 15th St SE, Turn East Onto 5th Ave SE, Building Will Be On Your Right.
Multifamily Details
Expense: Operating 10503
Gross Income 34296
$225K
Range: $204K-$245K
Last 30 days 
  • Apr 2025
    Public Records
  • Apr 8, 2025 Sold
    $225,000
  • Mar 2025
    mls logo MLS # 202500448
  • Mar 28, 2025 Sold
    $225,000
  • Jan 14, 2025 Listed
    $225,000 (+99900.0%)
  • Mar 2025
    mls logo MLS # 2500262
  • Mar 28, 2025 Sold
    $225,000
  • Jan 31, 2025 Pending
    —
  • Jan 15, 2025 Price Change
    $225,000
  • Jan 14, 2025 Listed
    $225 (-99.9%)
  • Jan 2022
    Public Records
  • Jan 26, 2022 Sold
    $170,000 (+41.7%)
  • Sep 2019
    Public Records
  • Sep 13, 2019 Sold
    $120,000 (+63.3%)
  • Oct 2009
    Public Records
  • Oct 14, 2009 Sold
    $73,500 (-17.9%)
  • Apr 2005
    Public Records
  • Apr 7, 2005 Sold
    $89,500 (+44.4%)
  • Sep 2002
    Public Records
  • Sep 30, 2002 Sold
    $62,000
  • Year Property taxes Tax assessment
  • 2023
    $3,216 -99.0%
    $181,700
  • 2022
    $316,600 +9511.4%
    $181,700 +21.05%
  • 2021
    $3,294 +0.2%
    $150,100 +11.19%
  • 2020
    $3,288 +4.5%
    $135,000 +8.43%
  • 2019
    $3,146
    $124,500
  • 1541 5th Ave SE
    $225K
  • Wellington Heights
    $129K 0% y/y
  • 52403
    $225K +2% y/y
  • Cedar Rapids
    $250K +6% y/y
No chart available
Statistics calculated by Movoto

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4/10
Mckinley Middle School
public Grades 6-8
Cedar Rapids Community School District
Source: GreatSchools.org © 2026. All rights reserved.

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