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Listed price in listed location currency (USD).
$420,000

000

MLS® 2509849

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 8364 sqft
Garage No
Taxes $5,115
Days Active 0
Lot Size 0.172 acres
Approx. Age 1922
Avg. Price Per Sqft $50
MLS® Number 2509849

Property Address: 1630 1st Ave Ne, Cedar Rapids, IA, 52402-5488

Average square foot calculated using Size range provided by listing agent.

Description

A truly unique value-add investment opportunity with clear paths to achieving a valuation exceeding $700, 000. The property features six residential rental units and two commercial spaces. All six residential units are currently leased, with significant potential for rent increases, while the lower level remains vacant—offering a new owner flexibility in determining the best renovation strategy. Potential uses include additional residential units, tenant storage, a shared washer/dryer facility, commercial leased space, or a combination of these options. Electrical fuse panels have been upgraded to modern breaker panels, improving safety and insurability. Additionally, the flat roof provides ample space for the installation of solar panels, offering an opportunity to reduce long-term electrical costs.
MLS® Number2509849
Laundry Level
Central VacNo
FireplaceNo
Acreage0.172
Exterior
GarageNo
Approx. Age1922
BasementFull
DrivewayParking Spaces
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 15, 2025List Date
$420,000List Price
  • Commute

Commute

Starting Address
Destination Address
1630 1 St Ave Ne, Cedar Rapids, IA

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