222 5th Ave SW

Cedar Rapids IA 52404

2274 sq. ft.

0.19 ac.

Multi-Family

Last sold for $100,000

ANDY PETZOLD, last sold this property on 25 June 2025 after -179 days on market.

Overview

Unlock the potential of this converted 4-unit building, perfect for first-time investors or owner-occupant landlords looking for a hassle-free rental opportunity. With a layout that maximizes functionality, these charming units create an inviting atmosphere ideal for those seeking affordability and simplicity. The common-area coin laundry adds convenience, ensuring a seamless experience for renters. For those looking to live and invest in one property, this building presents an excellent opportunity to occupy one unit while generating rental income from the others—a smart way to offset expenses while building equity. Tenants pay own electricity, Owner pays for water (sewer & trash), and common electricity. No gas at property. Seller will be completing a 1031 exchange as part of the sale. Please allow 72hr for showing requests.

Features

2274 sq. ft. floor area

0.19 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 222 5th Ave SW is $271.35k.

Median value

$271.35k

Estimated value range

$100k - $898k

Median days on market

Estimated value trend

71%

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 222 5th Ave SW

2025

Sold

$100,000

25 Jun 2025 by ANDY PETZOLD, of EPIC PROPERTY MANAGEMENT

2018

Sold

$89,900

15 Mar 2018 by Elsie Grimm, of Skogman 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.