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366 7th Avenue SW Cedar Rapids, IA 52404 • Multi Unit - Multiple • Active

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New - 21 Hours Ago
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Description

Discover a compelling investment opportunity with this well-maintained 2-unit multifamily property?ideal for both seasoned investors and those looking to enter the real estate market. This asset offers a strong combination of immediate cash flow potential and long-term appreciation. Each unit features a functional layout with 2 beds and 1 bath, with updates along the way. The property has been consistently occupied with long term tenants, offering reliable rental income with upside potential through rent optimization.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 1,352
County: Linn
High School: Jefferson
Listed By:
Keller Williams Legacy Group 319-423-4139 Kristie Freese
Cedar Rapids MLS
$175,000
Est. $1,195/mo
1,352sqft
New to the Market Active
BEDS0 BATHS SQUARE FEET1,352 MLS#2602134
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLCedar Rapids
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Agent Name: Mike McManus
 Agent Phone: (563) 529-9319
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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366 7th Avenue Sw, Cedar Rapids, IA 52404.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $175,000$175,000$175,000
Down Payment $35,000$6,125$43,750
Monthly Mortgage Amount $851$1,030$1,081
Taxes $244$244$244
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$77$0
Monthly Estimated Total $1,195$1,451$1,425

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/31/2026. The listing information on this page last changed on 03/31/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/31/2026 4:26:36 AM EST) or MRED MLS (last updated Tue 03/31/2026 2:04:05 AM EST) or SCWMLS (last updated Mon 03/30/2026 11:54:55 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 03/30/2026 10:18:06 PM EST) or Cedar Rapids MLS (last updated Mon 03/30/2026 10:45:09 PM EST) or NEIRBR MLS (last updated Tue 03/31/2026 1:18:42 AM EST) or ICAAR MLS (last updated Mon 03/30/2026 11:37:28 PM EST) or ECIMLS (last updated Mon 03/30/2026 11:44:13 PM EST) or RMLSA (last updated Tue 03/31/2026 1:10:54 AM EST) or Muscatine MLS (last updated Tue 03/31/2026 2:00:21 AM EST) or No Coast MLS (last updated Tue 03/31/2026 12:44:20 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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