1249 3rd Ave SE, Cedar Rapids, IA 52403

• 2,776 sqft

Property Description

This investment property is a five-unit multifamily building (5-plex) consisting of five one-bedroom units. Two of the units are equipped with in-unit laundry, while the remaining three tenants have access to a common laundry area located in the basement. The property has a solid rental history, with consistent occupancy and reliable tenants. The last city inspection was completed in July 2024, ensuring compliance with local housing codes and regulations. Each unit pays their own electric. Owner pays trash, water and common area electric.

Listing Status:

Active

Date Added:

May 22, 2025 at 05:00AM

Listing Office:

Realty87 : 319-378-8760

Listing Agent:

Beth Mackey : 319-378-8760

MLS ID:

2503728

Interior

• Laundry: Common Area
• Basement: Full
• A/C: Wall/Window Unit(s)
• Heating: Electric

Exterior

• Parking: Parking Space(s)

Construction

• General: FrameWood Siding

Location

• Originating MLS: CDR_CDR
• County: Linn

Lot

• Zoning: Out Lot 16 (Less Rear 10') NE 20' Lot 8 & (Less Rear 10') SW 20' str/lb 9142232600500000

Utilities

• Utilities: Separate Meters
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CDR_CDR

This listing courtesy of Beth Mackey, Realty87