$475,000
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1119 3Rd St Sw, Cedar Rapids, IA 52404

Listing By: Jack Brundell - INTREPID REAL ESTATE iacraor Realty.com
- Beds
0 Baths
5,400 Sq Ft

Excellent income-producing true multifamily property with a desirable low unit count. All units are spacious 2-bedroom, 1-bath layouts featuring open-concept designs and oversized kitchens. Each unit includes a dishwasher, full appliance package, central air, and central heat, with many units recently updated. Proximity to downtown, NewBo, Kirkwood, and highway access drives strong rental demand. Each unit includes a dedicated parking space near the owner-provided dumpster. Electric and gas are separately metered, with the owner responsible only for common-area lighting and gas for the common-area water heater. The building features a metal roof, vinyl windows, security cameras, and on- and off-street parking. Units are also ideal for furnished rentals for traveling nurses or data-center professionalsone unit is already furnished and rented at $1,400 per month. Discounted price if sold with 514 16th NE or 1119 3rd St SW.

  • MLS# 2509850
  • Date Listed12/15/2025
  • Days on Realty 2 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.22 acres (9,583 sq. ft)
  • Sewer Public Sewer
  • Property Type Multi Family
  • County Linn
  • Year Built 1975
  • Water Public
  • Square Feet 5,400 sq. ft
  • Price Per Sq. Ft $87.96

Interior Features

  • Cooling Central Air
  • Heating Natural Gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.22
  • Lot Size SQFT 9,583.20
  • Lot Features -

Financial Considerations

  • Tax Amount $6,574
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in IA / 52404

Source: Walkscore

62/100

Somewhat Walkable

Walk Score ®

37/100

Some Transit

Transit Score ®

64/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

11 nearby routes: 11 bus, 0 rail, 0 other


Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 27/100, Transit Score: 17/100, Bike Score: 36/100.

Property Change History

Property description updated with new details

Points of Interest near 1119 3rd St SW, Cedar Rapids, IA 52404

Frequently Asked Questions for 1119 3rd St SW

Source: Realty.com

1119 3rd St SW, Cedar Rapids, IA 52404 is a Multi Family, Residential Income property listed for $475,000 The property is 5400 sq. ft with - bedrooms and 0 bathrooms

Realty.com has 16 photos of 1119 3rd St SW.

Our records indicate that 1119 3rd St SW was built in 1975.

The full address for this home is 1119 3rd St SW, Cedar Rapids, IA 52404.

1119 3rd St SW has been listed on Realty.com since Mon December 15, 2025

Some errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 27/100, Transit Score: 17/100, Bike Score: 36/100.

There are 3 schools assigned to this home. Check out the schools near 1119 3rd St SW. Taylor Elementary School (Grades: PK - 5), Wilson Middle School (Grades: 6 - 8), Thomas Jefferson High School (Grades: 9 - 12)

Listing provided courtesy of: INTREPID REAL ESTATE (tel: 3198997890)
Listing agent: Jack Brundell (#BRUNDELLJACK121)

This content last refreshed on 2025-12-17 12:20:14. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 1119 3rd St SW, Cedar Rapids, IA 52404 : MLS# 2509850