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Back 1416 3rd Avenue Southeast
Off Market

1416 3rd Avenue Southeast

Cedar Rapids IA 52403

1
2748 sq. ft.
0.13 ac.
Multi-Family
Last sold for $150,000
Cindy GuckenbergerCindy Guckenberger, last sold this property on 27 February 2026 after 68 days on market.

Overview

Rare 4-Plex Investment Opportunity – $150,000 Total ($37,500 per Unit). This fully rented property generates $34,740 gross annual income, offering a projected 20% cap rate at the current price point. The unit mix includes two 1-bedroom and two 2-bedroom apartments, appealing to a broad tenant base. Recent updates include a new roof and interior improvements, supporting long-term stability. Tenants are on month-to-month leases, providing flexibility for future rent adjustments. Located in Cedar Rapids’ MedQuarter district near major employers and downtown amenities, this asset combines affordability, strong returns, and long-term potential. Firm at $150,000 – priced to sell.

Features

1 carspace
1 garage space
2748 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 1416 3rd Avenue Southeast is $155k.

Median value
$155k
Estimated value range
$115k - $490k
Median days on market
50
Estimated value trend
15%
increase 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 1416 3rd Avenue Southeast

2026
Sold
$150,000
27 Feb 2026 by Cindy Guckenberger, of Key Realty

Happy sellers in Cedar Rapids

~%

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, 10 multi families similar to 1416 3rd Avenue Southeast, have been sold.

This represents a 22% increase in multi families sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Cedar Rapids

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Ronald Pollard

Sellers who recommend Ronald Pollard have praised them for being clear communication, responsive, local expert, patient, well-prepared, friendly, and supportive

  •   5   (50 reviews)
  •  2 Reviews in Cedar Rapids
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Brent Votroubek

Sellers who recommend Brent Votroubek have praised them for being responsive, local expert, clear communication, patient, trustworthy, and well-prepared

  •   5   (61 reviews)
  •  1 Review in Cedar Rapids
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Chassy Pollard

Sellers who recommend Chassy Pollard have praised them for being local expert, clear communication, responsive, reliable, well-prepared, supportive, and friendly

  •   5   (111 reviews)
  •  1 Review in Cedar Rapids
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DEBRA CALLAHAN Broker CRS GRI Ninja

DEBRA CALLAHAN Broker CRS GRI Ninja is a recommended agent for Cedar Rapids.  They have 10 local sales across the last 12 months.

  •  10 Sales in Cedar Rapids
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