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514 16th St Ne, Cedar Rapids, IA 52402

Local realty services provided by:CENTURY 21 Signature Real Estate
514 16th St Ne,Cedar Rapids, IA 52402
$140,000
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  • - Beds
  • - Baths
  • 2,116 sq. ft.
  • Multi-family
  • Active
Listed by: jack brundell
Office: intrepid real estate
MLS#:2509848
Source:IA_CRAAR

Price summary

  • Price:$140,000
  • Price per sq. ft.:$66.16

About this home

This duplex offers excellent flexibility for a new owner with existing leases in place. One unit features a newly signed one-year lease at $1,575 per month, while the second unit—occupied by a long-term tenant of over 10 years—currently rents for $525 per month. The lower-rent unit presents a strong value-add opportunity and could be converted into a furnished rental for traveling nurses or data-center professionals to significantly increase cash flow. The property sits high on the lot, providing excellent water drainage away from the foundation. The owner currently covers utilities; however, an additional value-add opportunity exists by separating the electric meters, finishing the attic, or making the efficiency unit a 1 or 2 bed unit down the road. Would give a discount price if sold with 1630 1st Ave ne or 1119 3rd st sw.

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Home facts

  • Year built:1910
  • Listing ID #:2509848
  • Added:46 day(s) ago
  • Updated:January 02, 2026 at 04:38 PM

Rooms and interior

  • Living area:2,116 sq. ft.

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Year built:1910
  • Building area:2,116 sq. ft.
  • Lot area:0.06 Acres

Schools

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

Utilities

  • Water:Public

Finances and disclosures

  • Price:$140,000
  • Price per sq. ft.:$66.16
  • Tax amount:$1,957

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