4-Unit Quadplex with
New
For Sale
$150,000
1320 1st Avenue NW, Cedar Rapids, IA 52405
Multi-Family, Cedar Rapids, IA
Property Size2,361 SF
Lot Size0.16 Acres
Price / SF$63.53
Days on Market4
Property Features for 1320 1st Avenue NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Rooms
Bedroom 2, Bedroom 1
Elementary school
Cleveland
Middle school
Roosevelt
High school
Jefferson
Directions
From downtown, head W on 1st Ave
Subdivision
NW Quadrant
Standard status
Active
APN
142928301500000
Size
2,361 SF
Lot size
0.16 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Per abstract
Tax Annual Amount
2332
Legal Description
Per abstract
Building Details
Year built
1904
Number of units
4
Building materials
Frame
Listing Agency:
Realty87 · Coldwell Banker Real Estate
(319) 378-8760
Listed By:
Tyler Donahue · License #IA S66097
(319) 367-8760
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 2 at 9:06PM
MLS# 2607588
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
Built in 1904, this 2,361-square-foot quadplex contains four apartments: two one-bedroom units and two efficiency units. A garage on the property is leased separately. All four apartments are occupied under month-to-month leases. The units share utility meters, with the landlord currently paying those expenses.
Located at 1320 1st Avenue NW in Cedar Rapids, the property occupies a 0.161-acre site in Linn County.
Located at 1320 1st Avenue NW in Cedar Rapids, the property occupies a 0.161-acre site in Linn County.
Key Highlights
- Four apartments: two one‑bedroom units and two efficiency units
- 2,361‑square‑foot building on a 0.161‑acre lot
- Garage leased separately from the apartments
Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 52405, IA
26,382
Population
12,283
Households
2.1
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
15.0 sq mi
ZIP Area
1,759
Density / Sq Mi
$65,352
Median Household Income
$44,711
Median Earnings
$1,043
Median Rent
$173,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - The property combines a two-bedroom-unit mix with a separately leased garage.
Where is this quadplex located?
The property is located at 1320 1st Avenue NW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Four apartments: two one‑bedroom units and two efficiency units; 2,361‑square‑foot building on a 0.161‑acre lot; Garage leased separately from the apartments
