$1,400,000

120 32nd Street NE, Cedar Rapids, IA 52402

  • 13,248 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1970
  • Property Lot Size Icon0.53acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $106/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

**Investment Property Available in Cedar Rapids** This multifamily complex comprises a total of 23 units: - 18 one-bedroom units - 3 two-bedroom unit - 1 three-bedroom unit - 1 efficiency unit Out of the 23 units, 10 have been fully remodeled within the past two years. The units occupied by long-term tenants remain untouched. The property is located in a great area with easy access. 3 units' rents were doubled by furnishing them and renting them short-term. Each unit has its own furnace and AC. Tenants pay RUBs each month towards water. 48 Hours' Notice to Show.

Listing Status:
Pending
Date Added:
November 24, 2025
Data Last Updated:
February 15, 2026 at 5:18PM
Listing Office:
LEPIC-KROEGER, REALTORS : 319-351-8811
Listing Agent:
Matthew Lepic : 319-351-8811
MLS ID:
2509552
  • Laundry: Common Area
  • A/C: Central Air
  • Heating: ElectricForced Air
  • Parking: Parking Space(s)
  • General: FrameSlab
  • Originating MLS: CDR_CDR
  • County: Linn
  • Zoning: Per Abstract14113-31025-00000
  • Utilities: Separate Meters
  • Water: Public
  • Sewer: Public Sewer
  • Source: CDR_CDR

This listing courtesy of Matthew Lepic , LEPIC-KROEGER, REALTORS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kenwood Leadership Academy

3700 E Ave NE, Cedar Rapids, IA, 52402

Grades PK-5

0.50 miles away

B

Benjamin Franklin Middle School

300 20th St NE, Cedar Rapids, IA, 52402

Grades 6-8

0.95 miles away

W

Washington High School

2205 Forest Dr SE, Cedar Rapids, IA, 52403

Grades 9-12

0.93 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.