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    3403 1St Avenue Brg Cedar Rapids, IA 52403

    For Sale
    $750,000

    5+ Units - Cedar Rapids, IA

    Property size:
    9,154 SF
    Lot size:
    0.73 Acres
    Days on Market:
    95
    Last Refresh:
    Dec 11 at 12:06 pm

    Property Features for 3403 1St Avenue Brg

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    See Rema
    APN
    14113-26007-00000, 14113-26006-00000, 14113-26008
    Size
    9,154 SF
    Lot size
    0.73 Acres

    Building Details

    Year built
    1930
    Building materials
    Frame
    Architectural style
    Other

    Legacy Group REALTORS (DBA Keller Williams Legacy Group) (319) 423-4139 [email protected]

    Listing agent Travis Burke (319) 423-4139

    Listing date Sep 8, 2025

    MLS# 2502261 Listing URL

    Copyright © 2025 Cedar Rapids 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

    Cedar Rapids Multifamily Investment Opportunity

    This offering comprises three parcels with redevelopment or investment income potential, situated just off a lighted intersection with high traffic counts. The properties include 3403, 3409, and 114th 34th St Dr. SE. The zoning for 3403 and 3409 is traditional mixed-use center, while 114th 34th St Dr. SE is zoned Suburban Residential Flex. The combined square footage of all three buildings is 9154 square feet, situated on a 0.728-acre lot. The property features off-street parking, rental income, and high visibility. As of the listing date, 10 of the 12 units in the red and white buildings are rented. The property located on 34th Street Drive SE is currently vacant. The legal description is EAST KENWOOD PARK W 40' STR/LB 16. The parcel numbers for all three properties are 14113-26007-00000, 14113-26006-00000, and 14113-26008-00000.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.671662
    Latitude
    41.97714

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    FAQs

    What type of property is this?
    Apartment building - Multifamily investment opportunity with redevelopment potential in Cedar Rapids, Iowa.
    Where is this apartment building located?
    The property is located at 3403 1St Avenue Brg Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Redevelopment or investment opportunity; - Includes 3 parcels of land; - Rental income from existing units
    (319) 423-4139
    Request Owner's contact information
    3403 1St Avenue Brg Cedar Rapids, IA 52403
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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
    3403 1St Avenue Brg Cedar Rapids, IA 52403
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