Duplex with Garages and
For Sale
$177,000
327 30th Street Drive SE, Cedar Rapids, IA 52403
Two-unit property with separate utilities, tenant appliance packages, basement storage, and dedicated parking.
Property Size1,628 SF
Price / SF$108.72
Days on Market48
Property Features for 327 30th Street Drive SE
General Information
Standard status
Active
Size
1,628 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$531,000
Taxes and HOA fees
Annual Taxes
$2,668
Amenities
refrigerator
stove/oven
dishwasher
washer/dryer hookups
basement storage
Full
Yes
Storage
Public
0.18
7,712
Parking Space(s)
Building Details
Year Built
1915
Buildings
2
Listing Agency:
GLD COMMERCIAL
(319) 393-0900
Listed By:
Tatiana McClinton
(319) 270-6253
Source:
Pinnaclerealtyia
Added: Sep 6
Changed: Oct 21
Last Checked: Oct 20 at 5:31PM
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 GLD COMMERCIAL
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Investment Insights
Based on property information with market context.
This duplex contains two residential units with separate utilities, allowing each tenant to manage individual utility service. Each unit includes a refrigerator, stove/oven, dishwasher, and washer and dryer hookups, along with basement storage. The property offers 1,628 square feet of building area and was constructed in 1915.
Exterior improvements include updated vinyl siding, newer concrete drives, garages, and parking space(s). The property occupies a 0.18-acre lot with 7,712 square feet of land area and is part of a portfolio that also includes 339 30th St Drive and 333 30th St Drive.
Exterior improvements include updated vinyl siding, newer concrete drives, garages, and parking space(s). The property occupies a 0.18-acre lot with 7,712 square feet of land area and is part of a portfolio that also includes 339 30th St Drive and 333 30th St Drive.
Key Highlights
- Two‑unit duplex with 1,628 square feet of building area
- Separate utilities support tenant‑paid utility service
- Each unit includes a refrigerator, stove/oven, dishwasher, and washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,226
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,520
$284.5K
Cap Rate 7%
$203,229
$203.2K
Cap Rate 9%
$158,067
$158.1K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$21.9K $13.44/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$20.3K $12.48/SF
− OpEx
−$6.1K −$3.74/SF
NOI
$14.2K $8.74/SF
Area
Cedar Rapids, IA
Vacancy
7.12%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,520
Cap Rate 7%
$203,229
Cap Rate 9%
$158,067
Alternative Uses
Best Use
Multifamily LT 5
$203.2K
$177.8K – $237.1K
NOI $14,226 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$187.4K
$164.0K – $218.7K
NOI $13,119 @ 7.0% cap · market cap 7.41%
Theoretical Best
Specialty Retail
$235.6K
$206.2K – $274.9K
NOI $16,494 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate utilities, tenant appliance packages, basement storage, and dedicated parking.
Where is this duplex located?
The property is located at 327 30th Street Drive SE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $177,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,628 square feet of building area; Separate utilities support tenant‑paid utility service; Each unit includes a refrigerator, stove/oven, dishwasher, and washer and dryer hookups
