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1630 1st Ave Ne, Cedar Rapids, IA 52402

Local realty services provided by:CENTURY 21 Signature Real Estate
1630 1st Ave Ne,Cedar Rapids, IA 52402
$420,000
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  • - Beds
  • - Baths
  • 8,364 sq. ft.
  • Multi-family
  • Active
Listed by: jack brundell
Office: intrepid real estate
MLS#:2509849
Source:IA_CRAAR

Price summary

  • Price:$420,000
  • Price per sq. ft.:$50.22

About this home

A truly unique value-add investment opportunity with clear paths to achieving a valuation exceeding $700,000. The property features six residential rental units and two commercial spaces. All six residential units are currently leased, with significant potential for rent increases, while the lower level remains vacant—offering a new owner flexibility in determining the best renovation strategy. Potential uses include additional residential units, tenant storage, a shared washer/dryer facility, commercial leased space, or a combination of these options. Electrical fuse panels have been upgraded to modern breaker panels, improving safety and insurability. Additionally, the flat roof provides ample space for the installation of solar panels, offering an opportunity to reduce long-term electrical costs. Seller would give a discount price if sold with 514 16th St NE or 1119 3rd St SW.

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Home facts

  • Year built:1922
  • Listing ID #:2509849
  • Added:45 day(s) ago
  • Updated:January 02, 2026 at 04:38 PM

Rooms and interior

  • Living area:8,364 sq. ft.

Structure and exterior

  • Year built:1922
  • Building area:8,364 sq. ft.
  • Lot area:0.17 Acres

Schools

  • High school:Washington
  • Middle school:Franklin
  • Elementary school:Trailside

Utilities

  • Water:Public

Finances and disclosures

  • Price:$420,000
  • Price per sq. ft.:$50.22
  • Tax amount:$5,115

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