$175,000

1517 2nd Avenue SE, Cedar Rapids, IA 52403

1,934 sqft

Multi-Family Home
Built in 1910
4,182sqft lot
—— car garage
$90/sqft
Listed 16 days ago

Property Description

Historic charm meets modern investment opportunity in this well-maintained three-unit multifamily property located in the heart of Cedar Rapids. Listed on the Historical Registry, this beautifully preserved home features one efficiency apartment, one two-bedroom unit, and one spacious three-bedroom unit with one and a half baths—offering flexibility for a variety of tenant needs. Recent updates include new exterior paint in 2024, modernized electrical and plumbing systems, and thoughtful renovations throughout. Each unit has a strong rental history and long-term tenant stability. The property also offers a two-car detached garage with one heated bay, a fenced yard, and a convenient central location near downtown amenities, shopping, and public transit. Whether you’re looking to expand your investment portfolio or live in one unit while generating income from the others, this turn-key triplex combines historic character with reliable performance and modern updates.

Listing Status:: Active
Date Added:: October 20, 2025 at 05:00AM
Listing Office:: SKOGMAN REALTY CORRIDOR : 319-366-5559
Listing Agent:: Courtney Blair : 319-366-5559
MLS ID:: 2508686

Originating MLS: CDR_CDR
County: Linn

Zoning: BEVER PARK 1ST NE 30' STR/LB 6 714222-79012-00000

Source: CDR_CDR

This listing courtesy of Courtney Blair, SKOGMAN REALTY CORRIDOR

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Johnson STEAM Academy

355 18th St SE, Cedar Rapids, IA, 52403

Grades KG-5

0.30 miles away

McKinley Middle School

620 10th St SE, Cedar Rapids, IA, 52403

Grades 6-8

0.58 miles away

Washington High School

2205 Forest Dr SE, Cedar Rapids, IA, 52403

Grades 9-12

1.17 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.