Updated Duplex with
New
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 Market3
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:
Realty ONE Group Movement..
(319) 393-0900
Listed By:
Ryan Eighme
(319) 721-6099
Source:
Pinnaclerealtyia
Added: Sep 6
Changed: Sep 7
Last Checked: Sep 7 at 5:13AM
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 Realty ONE Group Movement..
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,100
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
