Updated Duplex with
For Sale
$177,000
333 30th Street Drive SE, Cedar Rapids, IA 52403
Separate utility systems support tenant-paid utility arrangements.
Property Size1,728 SF
Price / SF$102.43
Days on Market48
Property Features for 333 30th Street Drive SE
General Information
Standard status
Active
Size
1,728 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Asking Price
$531,000
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,846
Amenities
refrigerator
stove/oven
dishwasher
washer/dryer hookups
basement storage
garages
Full
Yes
Storage
Public
0.18
2
7,887
Parking Space(s)
Building Details
Year Built
1915
Buildings
2
Listing Agency:
SKOGMAN REALTY COMMERCIAL
(319) 393-0900
Listed By:
Ryan Eighme
(319) 721-6099
Source:
Pinnaclerealtyia
Added: Sep 6
Changed: Oct 10
Last Checked: Oct 20 at 6:26PM
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 SKOGMAN REALTY COMMERCIAL
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Investment Insights
Based on property information with market context.
This duplex contains 1,728 square feet and was built in 1915. Each unit includes a refrigerator, stove/oven, dishwasher, and washer-and-dryer hookups, along with basement storage. Updated vinyl siding, newer concrete drives, and garages are among the property improvements.
The property is offered as part of a portfolio that also includes 327 30th St Drive and 339 30th St Drive in Cedar Rapids. The lot measures 0.18 acres, and separate utilities allow tenants to pay their own utility expenses.
The property is offered as part of a portfolio that also includes 327 30th St Drive and 339 30th St Drive in Cedar Rapids. The lot measures 0.18 acres, and separate utilities allow tenants to pay their own utility expenses.
Key Highlights
- 1,728‑square‑foot duplex built in 1915
- Separate utilities allow tenants to pay their own utility expenses
- Each unit includes a refrigerator, stove/oven, dishwasher, and washer‑and‑dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,100
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,000
$302.0K
Cap Rate 7%
$215,714
$215.7K
Cap Rate 9%
$167,778
$167.8K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$23.2K $13.44/SF
− Vacancy
−$1.7K −$0.96/SF
EGI
$21.6K $12.48/SF
− OpEx
−$6.5K −$3.74/SF
NOI
$15.1K $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%
$302,000
Cap Rate 7%
$215,714
Cap Rate 9%
$167,778
Alternative Uses
Best Use
Multifamily LT 5
$215.7K
$188.8K – $251.7K
NOI $15,100 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$198.9K
$174.1K – $232.1K
NOI $13,925 @ 7.0% cap · market cap 7.87%
Theoretical Best
Specialty Retail
$250.1K
$218.8K – $291.8K
NOI $17,507 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
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
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility systems support tenant-paid utility arrangements.
Where is this duplex located?
The property is located at 333 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: 1,728‑square‑foot duplex built in 1915; Separate utilities allow tenants to pay their own utility expenses; Each unit includes a refrigerator, stove/oven, dishwasher, and washer‑and‑dryer hookups
