Multi Family Investment Properties for Sale in Cedar Rapids, IA
Currently Rented
Fix & Flip
$ 150,000
- bds | - ba | 2,361 sqft
ROI
26.0
Cash Flow/m
2591320 1st Ave NW, Cedar Rapids, IA, 52405
Currently Rented
$ 135,000
3 bds | 2 ba | 2,000 sqft
ROI
20.4Cash Flow/m
261544 3rd Ave SE, Cedar Rapids, IA, 52403
Rental Income
$ 165,000
- bds | - ba | 1,352 sqft
ROI
27.7Cash Flow/m
365366 7th Ave SW, Cedar Rapids, IA, 52404
$ 177,000
- bds | - ba | 1,698 sqft
ROI
22.8Cash Flow/m
148339 30th Street Dr SE, Cedar Rapids, IA, 52403
Why Invest in Cedar Rapids, Iowa?
Cedar Rapids multi-family properties offer strong investment potential with robust demand and quick lease-up rates. The market features over 900 units under construction, signaling sustained renter interest. Average rents support solid cash flow while appreciation remains steady at 4% annually. Low vacancy trends and major employer stability enhance long-term returns. Landlord-friendly policies and infrastructure upgrades further boost multi-family appeal.
8.5%
Avg. ROI
7.2%
Rental Yield
6.8%
Cap Rate
$1250/mo
Avg. Cash Flow
$1125/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Yes, with over 900 units under construction and quick lease-ups, demand exceeds supply. Stable employers ensure reliable tenant pools. Appreciation around 4% adds equity growth potential.
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