USAIACedar Rapids514 16Th St Ne
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514 16th St Ne, Cedar Rapids, IA

Real Estate

For Sale

Listed price in listed location currency (USD).
$140,000

000

MLS® 2509848

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 2116 sqft
Garage No
Taxes $1,957
Days Active 0
Lot Size 0.061 acres
Approx. Age 1910
Avg. Price Per Sqft $66
MLS® Number 2509848

Property Address: 514 16th St Ne, Cedar Rapids, IA, 52402-5103

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

Description

This duplex offers excellent flexibility for a new owner with existing leases in place. One unit features a newly signed one-year lease at $1, 575 per month, while the second unit—occupied by a long-term tenant of over 10 years—currently rents for $525 per month. The lower-rent unit presents a strong value-add opportunity and could be converted into a furnished rental for traveling nurses or data-center professionals to significantly increase cash flow. The property sits high on the lot, providing excellent water drainage away from the foundation. The owner currently covers utilities; however, an additional value-add opportunity exists by separating the electric meters, finishing the attic, or making the efficiency unit a 1 or 2 bed unit down the road.
MLS® Number2509848
Laundry Level
Central VacNo
FireplaceNo
Acreage0.061
Exterior
GarageNo
Approx. Age1910
BasementFull
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 15, 2025List Date
$140,000List Price
  • Commute

Commute

Starting Address
Destination Address
514 16 Th St Ne, Cedar Rapids, IA

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