204/400 1st Street Southeast

Cedar Rapids IA 52401

870 sq. ft.

Condo

Last sold for $90,250

Matthew Smith, last sold this property on 10 April 2026 after 23 days on market.

Overview

Practical downtown Cedar Rapids living at a price that makes sense. This 2-bedroom, 2-bathroom condo on the second floor of Riverview Condominiums offers 870 sqft of functional space in the heart of the SE Quadrant, just steps from the Cedar River waterfront corridor. The open layout connects the living and dining areas with a pass-through galley kitchen featuring ample cabinet storage, double-basin sink, electric range, dishwasher, and refrigerator. Each bedroom sits on opposite ends of the unit in a split-floor plan that works well for owner-occupants and investors seeking a rental-ready downtown Cedar Rapids investment property. One full bath includes a tub/shower combination while the second features a walk-in shower. Monthly HOA fees of $250 cover water, garbage, heat, common laundry, exercise room, and secured elevator access. Pets are welcome and rentals are permitted, making this one of the more accessible income-producing condos available in Cedar Rapids right now. The building connects to the downtown Cedar Rapids skywalk network, putting you within walkable distance of Greene Square Park, Cedar Rapids Public Library, Paramount Theatre, Alliant Energy PowerHouse, NewBo City Market, the Cedar River Trail system, and the growing restaurant and coffee shop scene along 1st Avenue SE. Enclosed parking is accessible via the skywalk through the City. One assigned carport space included.

Features

2 bedrooms

3 bathrooms

1 carspace

1 garage space

870 sq. ft. floor area

Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Cedar Rapids over the last 12 months, the estimated median property value of 204/400 1st Street Southeast is $140k.

Median value

$140k

Estimated value range

$80k - $278.5k

Median days on market

Estimated value trend

40%

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 204/400 1st Street Southeast

2026

Sold

$90,250

10 Apr 2026 by Matthew Smith, of REMAX Concepts | Cedar Rapids

2022

Sold

$82,000

05 Aug 2022 by Darin Garman, of HEARTLAND INVESTMENT REAL ESTATE, LLC

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.