116 15th St NE Cedar Rapids, IA 52402

Multi-Family (2-4 Units) MLS #: 2501372 Courtesy Of Coldwell Banker Hedges

$249,900

3,565 sq ft
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Estimated monthly payments: $1,092/mo.* (recalculate)

Property InformationDescription

Loads of potential in this Cedar Rapids multiplex. The main floor offers 2 commercial spaces with an office, store front, storage and a single bathroom each. These units could be converted into residential rental units if needed. 2 main floor commercial units are currently vacant. Upstairs offers 2 separate 3-bedroom, 1-bathroom units. Each unit is fully furnished and furnishings are included. The upstairs units are currently rented by the single room and the units share the kitchen, living space. Current tenants are short-term contracts that can be extended if a new buyer chooses or the units could be rented as 2 separate 3-bedroom units. There are 4 HVAC units for each of the 2 commercial spaces and the 2 rental units upstairs. Updates include newer vinyl siding, windows and roof.

Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Exterior Type: Stucco
  • Lot Size: 0.06 Acres

MAP & DIRECTIONS

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116 15th St NE, Cedar Rapids, IA 52402
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School Information

116 15th St NE, Cedar Rapids, IA 52402

Elementary School
Grades KG-5 | Public School
GARFIELD ELEMENTARY
Cedar Rapids, IA 52402
1201 Maplewood Dr NE
319.­558.2169
Distance: 0.9 mi
School Rating
D+
Student:Teacher Ratio
13:1
Total Students
229
Middle School
Grades 6-8 | Public School
BENJAMIN FRANKLIN MIDDLE SCHOOL
Cedar Rapids, IA 52402
300 20th St NE
319.­558.2452
Distance: 0.8 mi
School Rating
C
Student:Teacher Ratio
13:1
Total Students
486
High School
Grades 9-12 | Public School
WASHINGTON HIGH SCHOOL
Cedar Rapids, IA 52403
2205 Forest Dr SE
319.­558.3011
Distance: 1.2 mi
School Rating
D+
Student:Teacher Ratio
15:1
Total Students
1189
Other Nearby Schools Distance Type Grades School Rating
Johnson Steam Academy 0.4 mi Public KG-5 F
Mckinley Middle School 0.7 mi Public 6-8 D-
Regis Middle School 0.9 mi Private 6-8
St Matthew School 1.1 mi Private KG-5
Metro High School 1.1 mi Public 9-12 D-
Arthur Elementary 1.2 mi Public PK-5 C+
Grant Wood Elementary 1.3 mi Public PK-5 F
Isaac Newton Christian Academy 1.6 mi Private PK-12
All Saints Catholic School 1.6 mi Private PK-5
Harrison Elementary 1.8 mi Public PK-5 D+
Taylor Elementary 1.9 mi Public PK-5 F
Cedar Valley Christian School 2.0 mi Private PK-12
Kenwood Leadership Academy 2.0 mi Public PK-5 D+
Erskine Elementary 2.0 mi Public KG-5 B
Wright Elementary 2.0 mi Public PK-5 D
Roosevelt Middle School 2.1 mi Public 6-8 D
Wilson Middle School 2.4 mi Public 6-8 C
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Cedar Rapids, IA 52402

Median Age: 37.9
Married: 42%
Number of Households: 17,655
Households with Children: 29.7%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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.