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    720 E Ave NW Cedar Rapids, IA 52405

    Under Contract
    For Sale
    $330,000

    1-4 Units - Cedar Rapids, IA

    Property size:
    1,848 SF
    Days on Market:
    54
    Last Refresh:
    Dec 6 at 1:06 pm

    Property Features for 720 E Ave NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    142046301100000
    Parking
    3
    Size
    1,848 SF

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1900
    Building materials
    Frame
    Architectural style
    Other

    Coldwell Banker Hedges (319) 367-8760 [email protected]

    Listing agent Chris Puckett (319) 378-8760

    Listing date Oct 14, 2025

    MLS# 2507835 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

    Triplex Plus Single Family Investment

    This investment opportunity features a fully rented triplex and a single-family home, located on the northwest side of Cedar Rapids near the new casino. The triplex includes three units: a spacious 2-bedroom unit with a private back deck, a studio apartment, and a 1-bedroom unit. One unit is currently furnished, providing flexibility for rental strategies. The property includes off-street parking with 3 spaces in the rear. The triplex and single-family home are being sold together, presenting an opportunity for investors to expand holdings in a strong rental market. The property size is 1848 square feet and the lot size is 0 acres. This package offers potential for cash flow from day one.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -91.6829633
    Latitude
    41.9782403

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    FAQs

    What type of property is this?
    Triplex - Investment opportunity: triplex and single-family home package in Cedar Rapids.
    Where is this triplex located?
    The property is located at 720 E Ave NW Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: - Investment package: Triplex and single-family home being sold together.; - Fully rented triplex provides immediate cash flow.; - Located near the new casino.
    (319) 378-8760
    Request Owner's contact information
    720 E Ave NW Cedar Rapids, IA 52405
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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
    720 E Ave NW Cedar Rapids, IA 52405
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