508 3rd Ave SW, Cedar Rapids, IA, 52404

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508 3rd Ave SW, Cedar Rapids$140,000

Buyer Closing Credits

$1,663^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeMulti Family

ParkingParking Space(s)

Year Built1900

BasementYes

MLS #2408263

Lot Size0.10 Acres

StatusActive

About 508 3rd Ave SW

Very well priced Fully rented Mixed Use multifamily and commercial space building for sale. Right down the road from Kingston Yard Development, 508 3rd contains 5 1Bed multifamily units with a commercial space facing 3rd Ave. Although this property will have some maintenance/rehab as any... It has both long term and short term investment benefits many will notice. Reach out to learn when the Open House will be for all investors!

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Property Details

Property Features

Property Information:

• Year Built: 1900
• Living Area: 1,591 SqFt

Listing Office:

• Office Name: GLD COMMERCIAL
• Office Phone: (319) 731-3400
• Listing Agent: Jack Brundell

Interior Features

Interior Information:

• Basement: Yes

Exterior Features

Parking Information:

• Parking: Parking Space(s)

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• Virtual Tour: 508 3rd Ave SW

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Lot Features

Lot Information:

• Lot Size: 0.10 Acres

Price Information

Listing Price Info

Price Summary:

• List Price: $140,000
• Price Per SqFt: $88/SqFt

Tax Information:

• Annual Amount: $2,398
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in Cedar Rapids, IA.

Cedar Rapids, IA

City

Med. Sold Price

$198.4K

Med. Price/SqFt

$128

Avg. Days On Market

37

# of Sold Homes

151

508 3rd Ave SW vs Cedar Rapids

10 DAYS ON ROCKET

-27 Days

$140,000

-$58.4K Less

$88/SqFt

-$40 Less

KEY TAKEAWAY

This property is $58.4K less than the Median Sold Price and $40/SqFt less than other homes in Cedar Rapids, IA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: CDR
• MLS Number: #2408263

Listing Office:

• Office Name: GLD COMMERCIAL
• Office Phone: (319) 731-3400
• Listing Agent: Jack Brundell

Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. 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 Believed To Be Accurate But Not Guaranteed.
Copyright 2024 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Jul 09, 2019	Jul 09, 2019Home Sold	$116,000
Nov 05, 2018	Nov 05, 2018Home Sold	$116,000
Feb 15, 2008	Feb 15, 2008Home Sold	$66,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$2,398	$81,200
2018	$2,532	$81,200

History based on county public records data.

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**Disclosures

Rocket Homes›Iowa›Linn County›Cedar Rapids›52404›508 3rd Ave SW

This home is located at 508 3rd Ave SW in Cedar Rapids, IA and zip code 52404 in the Taylor neighborhood. This 1,591 square foot home, which was built in 1900, sits on a 0.10 acre lot. It has been listed on Rocket Homes since December 08, 2024 and is currently priced at $140,000.

While more than 32 listings in Cedar Rapids, IA in November 2024 were sold above asking price, there were more than 35 listings sold at asking price, and more than 84 were sold below. The number of listings in Cedar Rapids, IA decreased by 7.3% between October 2024 and November 2024. Listings spent 37 days on the market in November 2024, and had a median list price of $198,485 during the same period.

From Rocket Homes Real Estate and based on county public records data.