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116 15th St Ne

Cedar Rapids, IA 52402
  • $249,900
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 2501372
UPDATED: 136 min ago
$249,900
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,565
    SQFT
  • $70
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1913
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Loads of potential in this Cedar Rapids multiplex. The main floor offers 2 commercial spaces with an office, store front, storage and a single bathroom each. These units could be converted into residential rental units if needed. 2 main floor commercial units are currently vacant. Upstairs offers 2 separate 3-bedroom, 1-bathroom units. Each unit is fully furnished and furnishings are included. The upstairs units are currently rented by the single room and the units share the kitchen, living space. Current tenants are short-term contracts that can be extended if a new buyer chooses or the units could be rented as 2 separate 3-bedroom units. There are 4 updated HVAC units for each of the 2 commercial spaces and the 2 rental units upstairs. Updates include newer vinyl siding, windows and roof.

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© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Graf Real Estate ERA Powered. Data last updated: 2025-03-24T23:42:48.22.
www.cedarrapidsareahomes.com/homes/161060030
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116 15th St Ne Cedar Rapids, IA 52402

  • Price: $249,900
  • Status: Active
  • On Site: 20 Days
  • Updated: 136 min ago
  • MLS #: 2501372
0
Beds
0
Baths
0
½ Baths
0.06
Acres
3,565
SQFT
$70
$/SQFT
1913
Built
Neighborhood:
NE Quadrant
County:
Linn
Area:
NE Quadrant
Elementary School:
Trailside
Middle School:
Franklin
High School:
Washington
Property Description
Loads of potential in this Cedar Rapids multiplex. The main floor offers 2 commercial spaces with an office, store front, storage and a single bathroom each. These units could be converted into residential rental units if needed. 2 main floor commercial units are currently vacant. Upstairs offers 2 separate 3-bedroom, 1-bathroom units. Each unit is fully furnished and furnishings are included. The upstairs units are currently rented by the single room and the units share the kitchen, living space. Current tenants are short-term contracts that can be extended if a new buyer chooses or the units could be rented as 2 separate 3-bedroom units. There are 4 updated HVAC units for each of the 2 commercial spaces and the 2 rental units upstairs. Updates include newer vinyl siding, windows and roof.
Exterior Features

Construction Materials Frame Masonry Stucco Vinyl Siding Exterior Features Fence

Interior Features

Basement Full Basement YN Yes Cooling Central Air Cooling YN Yes Heating Forced Air Gas Heating YN Yes

Property Features

Association YN No Gross Income 3877 Listing Terms Cash Conventional Net Operating Income 3189 Operating Expense 688 Owner Pays Electricity Gas Water Possession Immediately Property Sub Type Multi Family Property Sub Type Additional Multi Family Security Features Security System Sewer Public Sewer Tax Annual Amount 1927 Utilities Separate Meters Water Source Public Zoning Comm Zoning Description Comm

Listing information © 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Jeremy Trenkamp Real Estate Team of COLDWELL BANKER HEDGES CORRIDOR: 319-731-2000.
© 2025 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Graf Real Estate ERA Powered. Data last updated: 2025-03-24T23:42:48.22.
 
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