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3-5 27th Avenue SW Cedar Rapids, IA 52404 • Multi Unit - Multiple • Active

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Description

Incredible duplex investment opportunity! These upper/lower level units include 2 bedrooms & 1 bathroom upstairs and 2 bedrooms and 1 bath downstairs, for a total of 4 bedrooms & 2 bathrooms. These well-maintained duplexes have a strong rental history, consistent demand, immediate cash flow & are a solid asset. Incredible Cedar Rapids location near shopping, restaurants, Hy-Vee, major employers & quick access to I-380. Each unit comes with a 1 stall garage space and parking. Both units are currently rented & unit 5 is being sold fully furnished (except the 2nd bedroom) – offering a great opportunity to rent to traveling workers & professionals, or anyone looking for a fully-furnished property! Each unit has their own private laundry area with the washer & dryer included for unit 5 only. Fridge, oven & dishwasher is included with each unit. Don’t miss this no-brainer investment opportunity in an outstanding location! Photos are not “current” – they are from when the properties were vacant.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 2,060
County: Linn
High School: Jefferson
Listed By:
RE/MAX CONCEPTS Debra Callahan 319-395-0101
Cedar Rapids MLS
$249,900
Est. $1,761/mo
2,060sqft
New to the Market Active
BEDS0 BATHS SQUARE FEET2,060 MLS#2607712
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLCedar Rapids
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Agent Name: Ray McDevitt
 Agent Phone: (563) 940-0754
 Agency Title: Ruhl&Ruhl Realtors
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3-5 27th Avenue Sw, Cedar Rapids, IA 52404.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $249,900$249,900$249,900
Down Payment $49,980$8,747$62,475
Monthly Mortgage Amount $1,313$1,612$1,607
Taxes $348$348$348
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$110$0
Monthly Estimated Total $1,761$2,170$2,055

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 11/03/2026. The listing information on this page last changed on 11/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 11/03/2026 1:07:22 AM EST) or MRED MLS (last updated Tue 11/03/2026 1:05:03 AM EST) or SCWMLS (last updated Mon 11/02/2026 11:55:07 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 11/02/2026 10:15:24 PM EST) or Cedar Rapids MLS (last updated Mon 11/02/2026 10:44:30 PM EST) or NEIRBR MLS (last updated Tue 11/03/2026 12:58:45 AM EST) or ICAAR MLS (last updated Mon 11/02/2026 11:37:34 PM EST) or ECIMLS (last updated Mon 11/02/2026 11:44:36 PM EST) or RMLSA (last updated Tue 11/03/2026 1:01:00 AM EST) or Muscatine MLS (last updated Tue 11/03/2026 1:00:16 AM EST) or No Coast MLS (last updated Tue 11/03/2026 12:44:25 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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