- For Sale $315,000
- Property Type Multi-Family
- Property Size 3,492 SF
- Units 4
- Lot Size 0.21 Acre
- Year Built 1981
- Date Updated Aug 31, 2026
Description
TBDRare opportunity to acquire a well-maintained, fully leased 4-unit multifamily investment property with each unit offering 2 bedrooms and 1 bathroom. Numerous significant capital improvements have been completed within the last five years, including a new roof, foundation improvements, HVAC units, a complete remodel of Unit 1, and additional property improvements. New gutters and common-area carpet are also scheduled to be installed this month. The property offers additional income potential, with current rents below estimated market rates and room for future increases. With limited 4-plex inventory currently available in the Cedar Rapids market, this is an excellent opportunity for an investor looking to add a stabilized multifamily asset with substantial recent improvements to their portfolio. Interior photos coming soon. Contact Listing Agent for additional details regarding improvements, leases, and financials.
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Contacts
Rachel Waters
GLD Commercial
Location
Contact Listing Broker
Rachel Waters
GLD Commercial