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    369 15Th St SE Cedar Rapids, IA 52403

    For Sale
    $158,000

    1-4 Units - Cedar Rapids, IA

    Property size:
    2,480 SF
    Lot size:
    0.05 Acres
    Days on Market:
    64
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 369 15Th St SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Res
    APN
    14222502600000
    Size
    2,480 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1895
    Building materials
    Frame
    Architectural style
    Other

    Real Estate America Inc® (319) 981-1200 [email protected]

    Listing agent Warren Engelbart (319) 981-1200

    Listing date Oct 3, 2025

    MLS# 2502136 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

    Updated Duplex Near Downtown

    This upper/lower duplex presents an investment opportunity. Both units are vacant, allowing for tenant selection. The lower unit features 2 bedrooms, while the upper unit offers 3 bedrooms. The property has a new roof, new flooring in areas of each unit, updated or refreshed cabinets, and updated bathrooms. New vinyl windows have been installed, complementing existing updated windows in the units. Tenants are responsible for electric and gas, while the landlord covers water and garbage expenses. Each unit has its own private entry. The property is located close to downtown and I-380. The property is sold "as-is", and all inspections are for the buyer's knowledge only. The property size is 2480 square feet and the lot size is 0.05 acres.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -91.6507378
    Latitude
    41.9853335

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    FAQs

    What type of property is this?
    Duplex - Updated upper/lower duplex with vacant units near downtown.
    Where is this duplex located?
    The property is located at 369 15Th St SE Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $158,000.
    What are key features of this property?
    This property features: - Vacant Upper/Lower Duplex: Allows immediate tenant selection and rental income potential.; - New Roof: Significant recent upgrade, reducing future maintenance costs.; - Updated Bathrooms and Refreshed Cabinets: Enhances appeal and reduces immediate renovation needs.
    (319) 981-1200
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    369 15Th St SE Cedar Rapids, IA 52403
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    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
    369 15Th St SE Cedar Rapids, IA 52403
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