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.
- IA
- Cedar Rapids
- 52404
- 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 -
Directions
Right off 3rd St SW
Financial Considerations
- Tax Amount $6,574
- Terms Cash, Conventional, FHA, VA Loan
Nearby Schools
Source: School Digger
Public • PK - 5 • Serves this home
0.86 mi
Distance
Public • 6 - 8 • Serves this home
1.64 mi
Distance
Public • 9 - 12 • Serves this home
2.35 mi
Distance
Prairie Early Childhood Center
Public • PK - KG
0.33 mi
Distance
Public • PK - 5 • Serves this home
0.86 mi
Distance
Public • PK - 5
3.25 mi
Distance
Public • PK - 5
4.44 mi
Distance
Public • PK - 5
4.51 mi
Distance
Cedar Rapids Virtual Academy - Elementary
Public • PK - 5
5.31 mi
Distance
Public • PK - PK
5.42 mi
Distance
Public • PK - 5
5.42 mi
Distance
Prairie Heights Elementary School
Public • PK - 4
5.69 mi
Distance
Public • PK - 5
5.81 mi
Distance
Public • 6 - 8
1.55 mi
Distance
Public • 6 - 8 • Serves this home
1.64 mi
Distance
Public • 6 - 8
2.04 mi
Distance
Public • 5 - 6
3.68 mi
Distance
Public • 6 - 8
4.03 mi
Distance
Cedar Rapids Virtual Academy - Middle School
Public • 6 - 8
5.31 mi
Distance
Public • 6 - 8
5.42 mi
Distance
Public • 6 - 8
6.54 mi
Distance
Public • 7 - 9
6.68 mi
Distance
Public • 5 - 8
8.22 mi
Distance
Public • 9 - 12
1.51 mi
Distance
Public • 9 - 12 • Serves this home
2.35 mi
Distance
Public • 9 - 12
4.48 mi
Distance
Public • 9 - 12
6.43 mi
Distance
Public • 10 - 12
6.65 mi
Distance
Public • 9 - 12
8 mi
Distance
Isaac Newton Christian Academy
Private • PK - 12
3.37 mi
Distance
Private • PK - 12
5.58 mi
Distance
Private • 09 - 12
7.01 mi
Distance
Sales & Tax History
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 410 8th Ave SW | Listing | 3 | 2 | Nov 27, 2025 | $85,000 | Feb 23, 2024 | $122,250 |
| 923 N Street SW | Listing | 3 | 1 | Nov 27, 2025 | $132,500 | Feb 23, 2024 | $122,839 |
| 415 6th Avenue SW | Listing | 4 | 2 | Nov 27, 2025 | $60,000 | Sep 25, 2024 | $188,000 |
| 337 6th Avenue SW | 3 | 2 | Nov 27, 2025 | $110,000 | Dec 17, 2025 | - |
| 352 6th Avenue SW | Listing | 2 | 1 | Nov 27, 2025 | $89,950 | Jun 25, 2024 | $375,212 |
| 1115 2nd Street SW | Listing | 2 | 1 | Nov 27, 2025 | $55,000 | Feb 23, 2024 | $97,243 |
| 1111 2nd Street SW | Listing | 3 | 2 | Nov 27, 2025 | $115,000 | Feb 23, 2024 | $109,787 |
| 807 4th Street SW | Listing | 2 | 2 | Nov 27, 2025 | $145,000 | Feb 23, 2024 | $99,271 |
| 408 5th Avenue SW | Listing | 3 | 2 | Nov 27, 2025 | $159,777 | Jul 29, 2019 | $253,000 |
| 349 6th Avenue SW | Listing | 4 | 2 | Nov 27, 2025 | $84,500 | Feb 23, 2024 | $130,500 |
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 43,229 | 136,168 | 233,001 | 335,858,263 |
| Population Density | 762 | 1,851 | 325 | 95 |
| People per Household | 2.3 | 2.3 | 2.4 | 2.6 |
| Median Age | 36 | 38.4 | 39.1 | 39.1 |
| Median Income | $57,139 | $60,459 | $66,187 | $66,222 |
| Average Income | $30,544 | $33,260 | $35,162 | $35,475 |
| Cost of Living Index | 82 | 85 | 90 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 9.6°F | 10.21°F | 11.5°F | 22.6°F |
| July Avg. High Temp | 85.3°F | 85.3°F | 85.3°F | 86.2°F |
| Annual Precipitation | 33.41" | 34.44" | 36.62" | 38" |
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
Points of Interest near 1119 3rd St SW, Cedar Rapids, IA 52404
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0.37 mi
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0.41 mi
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0.24 mi
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0.37 mi
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0.38 mi
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0.41 mi
Distance
0.24 mi
Distance
0.33 mi
Distance
0.34 mi
Distance
0.37 mi
Distance
0.41 mi
Distance
792 ft
Distance
792 ft
Distance
0.34 mi
Distance
0.38 mi
Distance
0.24 mi
Distance
0.3 mi
Distance
0.35 mi
Distance
0.21 mi
Distance
0.3 mi
Distance
370 ft
Distance
792 ft
Distance
0.24 mi
Distance
0.29 mi
Distance
0.34 mi
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0.41 mi
Distance
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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