1545 Washington Ave SECedar Rapids, IA 52403

Multi-Family
$135,000 Active

1545 Washington Ave SE Overview

Time on Site:
84 days
Visits:
2

A well-maintained and recently updated up/down duplex offering a strong investment opportunity with room to grow. This property features two functional units with desirable layouts. The upper unit includes one bedroom, a living room, dining area, and kitchen, while the lower unit offers one bedroom plus a non-conforming bedroom (no closet), along with a living room, kitchen, and one bathroom, providing added flexibility and appeal for tenants. Recent updates include fresh paint, new flooring, bathroom improvements with a tiled shower in the lower unit, and updated appliances, making the property clean, comfortable, and move-in ready. These updates help minimize immediate maintenance needs while still leaving opportunity for a new owner to further enhance the property over time. Situated on a spacious lot with mature trees and located in SE Cedar Rapids with convenient access to downtown, schools, and surrounding amenities, this property offers a great combination of stability and potential. Whether you're looking to expand your portfolio or get started with a multi-family investment, this is a solid option with both immediate usability and future upside. *photos of upper unit*

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1545 Washington Ave SE Facts & Features

  • Type Multi-Family

Details

General

Association/HOA

  • Association Fee: N/A

School Information

  • Elementary School: Johnson
  • Middle Or Junior School: Mckinley
  • High School: Washington

Income/Expenses

  • Gross Income: 22200

Building Information

  • New Construction: No
  • Year Built: 1895

Location/Region

  • County Or Parish: Linn
  • MLS Area Major: Out Of Area
  • Subdivision Name: N/A

Community/Development

  • Community Features: Sidewalks,Close to School

Tax Information

  • Tax Year: 2024

General Information

  • Property Sub Type: Multi-Family
  • Property Type: MULTI-FAMILY
  • Zoning: residential

Interior

Building Interior

  • Above Grade Finished Area: 1584

General Information

  • Appliances: Range/Oven,Refrigerator
  • Basement: Block
  • Fireplaces Total: 0

Exterior

Parking Information

  • Parking Total: None

Lot Information

  • Lot Size Dimensions: 42x140

General Information

  • Number Of Units Total: 2

1545 Washington Ave SE Neighborhood

Community

52403 (CEDAR RAPIDS) Demographics

42
Median Age
893
Population Density (per sq. mile)
53%
College Educated
$65,759
Estimated Median Income
7,358
Estimated Total Home Owners
2,414
Estimated Total Renters
75% / 25%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1545 Washington Ave SE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1545 Washington Ave SE Market Data

Based on the last 30 days in this zip code

$287,357
Average List Price
$144
Average Price per Square Foot
55
Properties Sold
85
Average Days on Market
120
Properties for Sale
Calculations provided by Reliance Network

1545 Washington Ave SE History

Date Event Value Agent
4/13/2026Source: Iowa City MLS Status Change
Active
4/7/2026Source: Iowa City MLS Added to Database
April 07, 2026
Listing provided courtesy of Skogman Realty Co.- MLS# 202602295MLS Provider