Multi-family houses For Sale in Cedar Rapids, IA

Multifamily investment opportunity! This 23-unit complex includes 20 one-bedroom, 1 two-bedroom, 1 three-bedroom, and 1 efficiency unit. 10 units have been recently remodeled. Ideal for investors seeking stable rental income.

Investment opportunity! 4-plex with solid cash flow. Two 1-bedroom and two 2-bedroom units. New roof and updates. Spacious backyard with rented garage. On-site laundry. Gross Income: $30,360. Expenses: $22,284. Net Operating Income: $8,076. Sold AS IS.

Great income investment property! Up/down duplex near downtown. Lower unit (1 bed) rents for $625/mo, upper (2 bed) for $675/mo. Section 8 approved with long-term tenants. Includes laundry and 2-stall garage. Great opportunity!

Rare residential investment! Updated home with new windows, hardwood floors, kitchen, and appliances. Seller financing available with 2-year lease at $2500/month. Ideal for investors seeking rental income.

Great investment opportunity! Updated upper/lower duplex with 2 vacant units. Lower unit has 2 bedrooms, upper unit has 3. Tenants pay electric and gas; landlord pays water/garbage. Each unit has a private entry. Close to downtown and I-380. Sold "as-is".

Renovated multifamily property in Cedar Rapids, IA, perfect for college students or families. Features 4 bedrooms, 2 baths, updated units, individual utilities, and room for rent growth. Built in 2000 with recent updates. Desirable College Community School District.

Turnkey rental portfolio in Cedar Rapids, IA, perfect for investors seeking stable cash flow and long-term appreciation. Offers immediate income, strong tenant demand, and is subject to a 1031 exchange. Contact for details.

10-Unit Multifamily Residential Investment Opportunity. Includes 10 apartments, exclusive parking, and an adjacent 0.232-acre lot. Ideal for investors seeking multi-family income.

Multi-family home with 3 rented units and 1 vacant 3-bedroom. Excellent cash flow. Landlord pays gas, water, garbage, and maintains snow/lawn care. Sold AS IS.

Great investment opportunity! This well-maintained 2-unit home features updated kitchens and baths, newer roof, AC, and electrical. Upper unit occupied, lower vacant. Includes washer/dryer and 2-car garage. Sold as-is.

Redevelopment or investment opportunity! Three parcels (14113-26007-00000, 14113-26006-00000, 14113-26008-00000) with 10 of 12 units currently rented. High visibility, off-street parking, and great traffic counts. Zoning varies (Traditional Mixed-Use, Suburban Residential Flex). Square footage is combined for all buildings. Buyer verification required.

Amazing duplex! One unit has 2 beds, 2 baths; the other has 3 beds, 2 baths. Each unit is fully finished with laundry and a rec room. A detached 2-stall garage is available for rent separately. 24-hour notice required for showings.

Well-maintained duplex with two 2-bed, 1-bath units. One unit vacant, ideal for owner-occupancy. Recent updates include exterior paint, roof, windows, and water softeners. Separate HVAC, laundry, and shed. Lawn care and snow removal included.

5-plex investment property with 5 one-bedroom units. Two units have in-unit laundry, three share a common laundry area. Solid rental history, recently inspected (July 2024). Owner pays water, trash, and common area electric; tenants pay their own electricity. Ideal for investors seeking consistent rental income.

Great 3-plex investment opportunity near Coe College! Long-term tenants, newer roof & siding. Efficiency unit ($550) and two others ($800, $650). Pre-approval required for showings.

Well-maintained duplex in a quiet Cedar Rapids neighborhood. Each unit features newer furnaces & water heaters. Upper unit rented at $875/month, lower unit move-in ready. Professionally managed, tenants pay utilities. Great investment opportunity!

2-unit duplex, completely renovated. Excellent investment opportunity near schools and hospitals. Unit A (2 bed, 1 bath) leased for $1125, Unit B (3 bed, 1 bath) leased for $1425. 4 parking spaces, shared laundry.