Properties

PROPERTY DETAILS
Property Description :

A great opportunity to add to your investment portfolio! This fully leased fourplex offers an attractive cap rate and an annual NOI of over $20, 000. The property features two one-bedroom units, two efficiency units, and a large garage that is leased separately. All four units are currently occupied with month-to-month leases, providing flexibility for the next owner. Current monthly rents are $600, $700, $700, and $795, with an additional $100 per month for the garage. Utilities are collectively metered and currently paid by the landlord. All showings require a minimum of 48 hours’ notice. Property is being sold in “as-is” condition.

Property Type : Residential
Listing ID : 2607588
Listing Type : For Sale
Price : $150,000
Year Built : 1904
Lot Area : 0.16 Acre
Building Area Total : 2361
Lease Amount Unit : Dollars Per Square Foot
Property Type : Multi Family
Area : NW Quadrant
Listing Status : Active
Property Sub Type : Multi Family
Property Subtype : Multi Family
Property Description

A great opportunity to add to your investment portfolio! This fully leased fourplex offers an attractive cap rate and an annual NOI of over $20, 000. The property features two one-bedroom units, two efficiency units, and a large garage that is leased separately. All four units are currently occupied with month-to-month leases, providing flexibility for the next owner. Current monthly rents are $600, $700, $700, and $795, with an additional $100 per month for the garage. Utilities are collectively metered and currently paid by the landlord. All showings require a minimum of 48 hours’ notice. Property is being sold in “as-is” condition.

Features
: Public Sewer
Address Map
US
IA
Linn
Cedar Rapids
52405
1st
1320
Avenue
From downtown, head W on 1st Ave
NW Quadrant
NW
Neighborhood
Cleveland
Jefferson
Roosevelt
More Information
Realty87
Tyler Donahue
$0
$0
$0
Additional Information
: Frame , Wood Siding
7000
4
2026-10-30
: Public
Financial
2332.0
Listing Information
donahuetyler121
CHED01
Cash, Conventional
Active
2026-11-03T22:41:35Z
CDR
2026-10-30T08:09:40Z

1320 1st Avenue Nw, Cedar Rapids, Iowa 52405

1320 1st Avenue Nw, Cedar Rapids, Iowa 52405

  • Lot Area: 0.16 Acre
List Price: $150,000.00
Listing ID#2607588
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Q4 Agents

JASON ROGERS

Broker

1950 Boyson Road Hiawatha, Iowa 52233

Contact Jason Rogers:

319-361-3958 jrogers@Q4realestate.com

CRAIG BYERS

Realtor, CCIM

1950 Boyson Road Hiawatha, Iowa 52233

Contact Craig Byers:

319-360-7017 cbyers@Q4realestate.com

AUSTIN GEASLAND

Realtor

1950 Boyson Road Hiawatha, Iowa 52233

Contact Austin Geasland:

319-893-3279 ageasland@Q4realestate.com

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