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    120-126 NE 32Nd St Cedar Rapids, IA 52402

    For Sale
    $1,375,000

    Condosinglelevel, Multi Family - IA

    Property size:
    13,248 SF
    Days on Market:
    12
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 120-126 NE 32Nd St

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    RES
    APN
    141133102500000
    Parking features
    Off Street
    Interior features
    Kitdiningrmcomb
    Appliances
    Microwave, Oven, Range, Refrigerator
    Size
    13,248 SF

    Utilities

    Heating system
    Baseboard, Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Flooring type
    Carpet, Vinyl
    Building materials
    Frame
    Architectural style
    Other

    Lepic-Kroeger, REALTORS (319) 351-8811 [email protected]

    Listing agent Matthew Lepic (319) 351-8811

    Listing date Nov 25, 2025

    MLS# 202507139 Listing URL

    Copyright © 2025 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Complex in Cedar Rapids

    This multifamily complex in Cedar Rapids features a total of 23 units, including 20 one-bedroom units, 1 two-bedroom unit, 1 three-bedroom unit, and 1 efficiency unit. Ten of these units have been fully remodeled within the past two years. The remaining units are occupied by long-term tenants and have not been remodeled. The property is situated in a desirable area with convenient access. Select units have had rents increased by furnishing them and renting them short term. Each unit is equipped with its own furnace and AC. Tenants contribute monthly towards water expenses. The property size is 13,248 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.63555668
    Latitude
    42.01095129

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    FAQs

    What type of property is this?
    Apartment building - 23-unit multifamily complex with remodeled units and convenient access.
    Where is this apartment building located?
    The property is located at 120-126 NE 32Nd St Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: - Multifamily complex featuring 23 units with a mix of 1, 2, and 3-bedroom options plus efficiency unit.; - 10 units fully remodeled in the last two years.; - Located in a great area with easy access.
    (319) 351-8811
    Request Owner's contact information
    120-126 NE 32Nd St Cedar Rapids, IA 52402
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    Cedar Rapids, IA 52402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120-126 NE 32Nd St Cedar Rapids, IA 52402
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