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2841 Cory Court SW Cedar Rapids, IA 52404 • Multi Unit - Multiple • Active

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Description

Rare opportunity to acquire a well-maintained, fully leased 4-unit multifamily investment property with each unit offering 2 bedrooms and 1 bathroom. Numerous significant capital improvements have been completed within the last five years, including a new roof, foundation improvements, HVAC units, a complete remodel of Unit 1, and additional property improvements. New gutters and common-area carpet are also scheduled to be installed this month. The property offers additional income potential, with current rents below estimated market rates and room for future increases. With limited 4-plex inventory currently available in the Cedar Rapids market, this is an excellent opportunity for an investor looking to add a stabilized multifamily asset with substantial recent improvements to their portfolio. Interior photos coming soon. Contact Listing Agent for additional details regarding improvements, leases, and financials.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 3,492
County: Linn
High School: Jefferson
Listed By:
GLD COMMERCIAL Rachel Waters 319-731-3400
Cedar Rapids MLS
$315,000
Est. $2,110/mo
3,492sqft
New to the Market Active
BEDS0 BATHS SQUARE FEET3,492 MLS#2606041
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLCedar Rapids
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Agent Name: Marybeth Chupka
 Agent Phone: (563) 529-2766
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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2841 Cory Court Sw, Cedar Rapids, IA 52404.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $315,000$315,000$315,000
Down Payment $63,000$11,025$78,750
Monthly Mortgage Amount $1,572$1,930$1,962
Taxes $438$438$438
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$139$0
Monthly Estimated Total $2,110$2,607$2,500

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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 08/30/2026. The listing information on this page last changed on 08/30/2026. 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 Sun 08/30/2026 2:53:15 PM EST) or MRED MLS (last updated Sun 08/30/2026 2:45:04 PM EST) or SCWMLS (last updated Sun 08/30/2026 2:51:19 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 08/30/2026 2:02:41 PM EST) or Cedar Rapids MLS (last updated Sun 08/30/2026 2:49:17 PM EST) or NEIRBR MLS (last updated Sun 08/30/2026 2:48:42 PM EST) or ICAAR MLS (last updated Sun 08/30/2026 2:48:01 PM EST) or ECIMLS (last updated Sun 08/30/2026 2:44:34 PM EST) or RMLSA (last updated Sun 08/30/2026 2:50:57 PM EST) or Muscatine MLS (last updated Sun 08/30/2026 2:45:26 PM EST) or No Coast MLS (last updated Sun 08/30/2026 2:44:21 PM 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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