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Acquire a well-maintained, fully leased 4-unit multifamily investment property. Each unit offers 2 bedrooms and 1 bathroom. Numerous significant capital improvements have been completed within the last 5 years, including a new roof, foundation improvements, HVAC units, a complete remodel of Unit 1, plus additional improvements. New gutters and common-area carpet are scheduled to be installed this month. The property offers additional income potential, with current rents below estimated market rates. With limited 4-plex inventory currently available in the Cedar Rapids market, this is an opportunity for an investor looking to add a stabilized multifamily asset to their portfolio. Contact LA for additional details regarding improvements, leases, and financials.
| DAYS ON MARKET | 27 | LAST UPDATED | 9/3/2026 |
|---|---|---|---|
| YEAR BUILT | 1981 | COMMUNITY | OutOfArea |
| COUNTY | Linn | STATUS | Pending |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | GrantWood |
|---|---|
| Jr. High School | Wilson |
| High School | Jefferson |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Water |
| AREA | OutOfArea |
| BASEMENT | Daylight, Yes |
| CONSTRUCTION | Brick, Frame, Vinyl Siding |
| HEAT | Electric, Forced Air, Steam |
| HOA DUES | Annually |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STYLE | Split Level |
| TAXES | 4546 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Angie Glick, GLD Commercial Real Estate Advisors
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Listing information is deemed reliable, but not guaranteed accurate by the MLS.
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