About This Home

This 4-bedroom, 0-bathroom residential multi family at 366 7th Avenue SW in Cedar Rapids, IA is listed for $165,000 ($122 per sqft). Built in 1900, the home offers 1,352 sqft of living space on a 0.18 acres lot.

Key Features

  • Built in 1900
  • 0.18 acre lot
  • 3 parking spaces

Property Details

3 spaces
1900

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$882/mo

20% down · 6.5% · 30 years

Principal$119
Interest$715
Insurance$48

Estimates only. Actual payments may vary.

Location

366 7th Avenue SW

Cedar Rapids, IA 52404

Property Details

Construction

Frame

Questions & Answers

This 4-bedroom, 0-bathroom residential multi family at 366 7th Avenue SW is listed at $165,000 ($122/sqft). The estimated monthly payment is $882 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.18 acre lot, 3 parking spaces.

This property is listed by Kristie Freese.

KF

Kristie Freese

Agent at Legacy Group REALTORS (DBA Keller Williams Legacy Group)

Listed by Legacy Group REALTORS (DBA Keller Williams Legacy Group) · Broker phone: (319) 423-4139 · View on Broker Site

MLS# 2606280· Source: Cedar Rapids Area Association of REALTORS®· 48 days on PropertySimple

Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

366 7th Avenue SW, Cedar Rapids, IA 52404

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