Duplex with Separate
For Sale
$177,000
339 30th Street Drive SE, Cedar Rapids, IA 52403
Two-unit residential property with individual utility service, in-unit appliances, basement storage, and attached garage improvements.
Property Size1,698 SF
Price / SF$104.24
Days on Market48
Property Features for 339 30th Street Drive SE
General Information
Standard status
Active
Size
1,698 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
Res
Additional Details
Asking Price
$531,000
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,403
Amenities
refrigerator
stove/oven
dishwasher
washer/dryer hookups
basement storage
garages
Full
Yes
In Unit
Storage
Public
0.25
2
10,890
Parking Space(s)
Building Details
Year Built
1900
Buildings
2
Listing Agency:
SKOGMAN REALTY COMMERCIAL
(319) 393-0900
Listed By:
Ryan Eighme
(319) 721-6099
Source:
Pinnaclerealtyia
Added: Sep 6
Changed: Oct 19
Last Checked: Oct 20 at 5:27PM
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 at 339 30th Street Drive SE provides 1,698 square feet of residential space and was built in 1900. Each unit includes a refrigerator, stove/oven, dishwasher, and washer-and-dryer hookups, along with basement storage. Separate utility service allows occupants to handle their own utilities. The property also features updated vinyl siding, newer concrete driveways, and garages.
The duplex is zoned Res and is being offered as part of a portfolio that also includes 327 30th St Drive and 333 30th St Drive. Together, these details provide a defined residential income property configuration with unit-level utility separation and dedicated storage and parking-related improvements.
The duplex is zoned Res and is being offered as part of a portfolio that also includes 327 30th St Drive and 333 30th St Drive. Together, these details provide a defined residential income property configuration with unit-level utility separation and dedicated storage and parking-related improvements.
Key Highlights
- 1,698 SF duplex at 339 30th Street Drive SE, Cedar Rapids, IA 52403
- Separate utilities allow tenants to pay their own utility costs
- Each unit includes a refrigerator, stove/oven, dishwasher, and washer/dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,837
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,740
$296.7K
Cap Rate 7%
$211,957
$212.0K
Cap Rate 9%
$164,856
$164.9K
Market Conditions
NOI Build-Up for 1,698 SF
Gross rent
$22.8K $13.44/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$21.2K $12.48/SF
− OpEx
−$6.4K −$3.74/SF
NOI
$14.8K $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%
$296,740
Cap Rate 7%
$211,957
Cap Rate 9%
$164,856
Alternative Uses
Best Use
Multifamily LT 5
$212.0K
$185.5K – $247.3K
NOI $14,837 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$195.5K
$171.1K – $228.1K
NOI $13,684 @ 7.0% cap · market cap 7.73%
Theoretical Best
Specialty Retail
$245.8K
$215.0K – $286.7K
NOI $17,203 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with individual utility service, in-unit appliances, basement storage, and attached garage improvements.
Where is this duplex located?
The property is located at 339 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: 1,698 SF duplex at 339 30th Street Drive SE, Cedar Rapids, IA 52403; Separate utilities allow tenants to pay their own utility costs; Each unit includes a refrigerator, stove/oven, dishwasher, and washer/dryer hookups
