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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Cedar Rapids, IA
Currently Rented
Fix & Flip
Rental Income
$ 140,000
ROI
28.7
Cash Flow/m
347- - Bed
- - Bath
- 2116 sft
514 16th St NE, Cedar Rapids, IA, 52402
Currently Rented
Rental Income
$ 175,000
ROI
33.6Cash Flow/m
673- - Bed
- - Bath
- 1934 sft
1517 2nd Ave SE, Cedar Rapids, IA, 52403
Currently Rented
Fix & Flip
$ 125,000
ROI
23.3Cash Flow/m
124- - Bed
- - Bath
- 1808 sft
1628-30 2nd Ave SE, Cedar Rapids, IA, 52403
Currently Rented
$ 145,000
ROI
27.3Cash Flow/m
305- - Bed
- - Bath
- 1960 sft
728 4th Ave SE, Cedar Rapids, IA, 52401
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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