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    3918 21St Avenue Pl SW Cedar Rapids, IA 52404

    For Sale
    $292,500

    Multi Family - IA

    Property size:
    1,780 SF
    Days on Market:
    24
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 3918 21St Avenue Pl SW

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    Multi-Family
    APN
    133615101800000
    Parking features
    Off Street
    Interior features
    Cableavailable
    Exterior features
    Balcony
    Appliances
    Dishwasher, Dryer, Oven, Range, Refrigerator, Washer
    Size
    1,780 SF

    Utilities

    Heating system
    Baseboard, Natural Gas, Steam
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1981
    Flooring type
    Carpet, Vinyl
    Building materials
    Brick, Frame
    Architectural style
    Other

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

    Listing agent Raymond Siddell (319) 423-4139

    Listing date Nov 12, 2025

    MLS# 202506799 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

    Cedar Rapids Multifamily Investment Property

    This well-maintained multifamily property is located in southwest Cedar Rapids. The property features four units, each containing two bedrooms and one bathroom, arranged in an upper/lower layout. All leases are currently month-to-month. The owner is responsible for water, gas, and a portion of the dumpster service, while tenants cover electric costs. Property improvements include a new boiler, new siding and gutters, two new patio doors, replacement of most windows (all but three), and updated flooring in two of the four units. A coin-operated washer and dryer are available on site. The property size is 1,780 square feet. Zoned for multi-family use, this income-producing property is an investment opportunity in a low-inventory market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.72104
    Latitude
    41.95954

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit property in Cedar Rapids, Iowa.
    Where is this quadplex located?
    The property is located at 3918 21St Avenue Pl SW Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $292,500.
    What are key features of this property?
    This property features: - Income-producing 4-unit multifamily property in SW Cedar Rapids.; - Recent improvements including new boiler, siding/gutters, patio doors, and mostly replaced windows.; - Each unit features 2 bedrooms and 1 bathroom.
    (319) 423-4139
    Request Owner's contact information
    3918 21St Avenue Pl SW Cedar Rapids, IA 52404
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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
    3918 21St Avenue Pl SW Cedar Rapids, IA 52404
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