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1601-1607 Centerpoint Rd NE Cedar Rapids, IA 52402 • Multi Unit - Multiple • Active

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  • 1601-1607 Centerpoint Rd Ne, Cedar Rapids, IA 52402 Main Photo

Description

Interiors: Functional 2-bed/1-bath configurations, central air conditioning, select units featuring fireplaces or private balconies.Community Conveniences: Shared on-site laundry facilities and dedicated off-street parking. Garages also available for rent.Utility Structure: Landlord covers water and trash removal; tenants are responsible for individual gas and electric usage.Financial & Market UpsideStable Rental Demand: Historically strong demand for affordable 2-bedroom suburban rentals, with market rents tracking around $800 to $895+ per month per unit.Value-Add Potential: Built in 1977, the property offers incoming investors a classic operational footprint with opportunities to modernize unit interiors and optimize rental income streams Listing agent is a licensed broker in the state of Iowa.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 7,168
County: Linn
High School: Washington
Listed By:
Freedom REMI LLC Tyrone Galbreath 319-200-4169
Cedar Rapids MLS
$1,300,000
Est. $8,762/mo
7,168sqft
New to the Market Active
BEDS0 BATHS SQUARE FEET7,168 MLS#2606437
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLCedar Rapids
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Agent Name: Jan Jaeger
 Agent Phone: (319) 759-8589
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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1601-1607 Centerpoint Rd Ne, Cedar Rapids, IA 52402.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,300,000$1,300,000$1,300,000
Down Payment $45,500$0$260,000
Monthly Mortgage Amount $7,963$8,394$6,574
Taxes $1809$1809$1809
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $780$0$0
Monthly Estimated Total $10,931$10,582$8,762

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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 09/14/2026. The listing information on this page last changed on 09/14/2026. 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 Mon 09/14/2026 12:09:33 AM EST) or MRED MLS (last updated Mon 09/14/2026 12:04:58 AM EST) or SCWMLS (last updated Sun 09/13/2026 11:55:06 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 09/13/2026 10:19:40 PM EST) or Cedar Rapids MLS (last updated Sun 09/13/2026 10:45:45 PM EST) or NEIRBR MLS (last updated Mon 09/14/2026 12:08:41 AM EST) or ICAAR MLS (last updated Sun 09/13/2026 11:37:39 PM EST) or ECIMLS (last updated Sun 09/13/2026 11:44:33 PM EST) or RMLSA (last updated Mon 09/14/2026 12:00:57 AM EST) or Muscatine MLS (last updated Mon 09/14/2026 12:00:10 AM EST) or No Coast MLS (last updated Mon 09/14/2026 12:04:19 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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Agent License Information: Licensed in IA

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