60 Miller Avenue Southwest

Cedar Rapids IA 52404

36000 sq. ft.

1.44 ac.

Multi-Family

Last sold for $2,600,000

Nick Wallraff, last sold this property on 30 May 2025 after -205 days on market.

Overview

The KataLYST Team as part of KW Commercial is pleased to present this multifamily property located at 60 & 64 Miller Avenue Southwest, Cedar Rapids, IA. This property was renovated in 2022 and almost every unit has been re-done. The current owners have spent several hundred thousand in updates and renovations since 2021. Rents still have more room for growth as the current owners were offering reduced rents during renovations to fill a large number of units at once. The 4 bedroom, 2 bath layout offers a unique opportunity both for college housing for Kirkwood Community College, and for families looking to get into the desirable College Community School District. This property was built in 2000 and updated since then. Each unit has it’s own furnace/AC and all utilities are separately metered. You will save a ton in long term maintenance and capital expenses with this property over some of the other options on the market.

Features

60 carspaces

36000 sq. ft. floor area

1.44 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 60 Miller Avenue Southwest 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 60 Miller Avenue Southwest

2025

Sold

$2,600,000

30 May 2025 by Nick Wallraff, of Keller Williams 1 Advantage

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.