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Two-Unit Duplex with Separate Entrances
New
For Sale
$75,000

1228 6th Ave SE, Cedar Rapids, IA 52403

Two levels offer distinct living areas, each with a full bathroom and kitchen facilities.

Property Size1,682 SF
Price / SF$44.59
Days on Market4

Property Features for 1228 6th Ave SE

General Information

Standard status Active
Size 1,682 SF
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence needs some cosmetic work

Additional Details

Multifamily Units 2

Amenities

off-street parking
central air
laundry room

Building Details

Year Built 1905
Buildings 1
Construction permanent siding
Listing Agency: Urban Acres Real Estate Corridor
Listed By: Matt Smith Team
Source: Mattsmithteam
Added: Oct 20 Changed: Oct 21 Last Checked: Oct 20 at 6:50PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Urban Acres Real Estate Corridor

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Investment Insights

Based on property information with market context.

This two-unit duplex has an upper and lower residence, each with its own entrance. The upper unit includes a full kitchen, a full bathroom, and three rooms. The lower unit features three rooms, a large kitchen area, a full bathroom, and an in-unit laundry room. The 1,682-square-foot property was built in 1905 and has central air, vinyl windows, permanent siding, and an asphalt roof.

Some off-street parking is available beside the home. The property is being sold as-is, with no repairs to be completed by the seller; cosmetic work is needed.

Key Highlights

  • Two separate units, each with its own exterior entrance
  • Upper unit has a full kitchen, full bathroom, and three rooms
  • Lower unit includes three rooms, a large kitchen area, full bathroom, and laundry room

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,690
Businesses Nearby

Demographics for 52403, IA

23,012
Population
10,759
Households
2.1
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
26.3 sq mi
ZIP Area
875
Density / Sq Mi
$73,848
Median Household Income
$46,148
Median Earnings
$857
Median Rent
$190,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two levels offer distinct living areas, each with a full bathroom and kitchen facilities.
Where is this duplex located?
The property is located at 1228 6th Ave SE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Two separate units, each with its own exterior entrance; Upper unit has a full kitchen, full bathroom, and three rooms; Lower unit includes three rooms, a large kitchen area, full bathroom, and laundry room
More about this property
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