Back 1249 3rd Avenue Southeast
Off Market

1249 3rd Avenue Southeast

Cedar Rapids IA 52403

2776 sq. ft.
0.13 ac.
Multi-Family
Last sold for $150,000
Beth MackeyBeth Mackey, last sold this property on 25 March 2026 after 94 days on market.

Overview

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.

Features

2776 sq. ft. floor area
0.13 ac. lot size
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Cedar Rapids over the last 12 months, the estimated median property value of 1249 3rd Avenue Southeast is $150k.

Median value
$150k
Estimated value range
$115k - $267.68k
Median days on market
98
Estimated value trend
-19%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Cedar Rapids. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1249 3rd Avenue Southeast

2026
Sold
$150,000
25 Mar 2026 by Beth Mackey, of COLDWELL BANKER HEDGES
2021
Sold
$59,500
06 Jul 2021 by Ed Carson, of COLDWELL BANKER HEDGES

Happy sellers in Cedar Rapids

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We have insufficient information to provide an overview of customer satisfaction for Cedar Rapids. Viewing the agent profiles, reviews and sales for Cedar Rapids can provide insights for this location.

Local market activity for multi families in Cedar Rapids

In the last 12 months, 8 multi families similar to 1249 3rd Avenue Southeast, have been sold.

This represents a 19% increase in multi families sales when compared to the previous 12 months.

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