1038 Mount Vernon Rd Rd SE, Cedar Rapids, IA 52403
About this home
SE up/down duplex close to Mercy Hospital & more! Each unit previously rented for $625 landlord paid gas/water, tenants paid separate electricity. Vacant & easy to show! Perfect property to add to your investment portfolio or for owner-operators. Home could easily be converted back to 4bed 2bath single family. New roof (2020), shared coin laundry in basement. Seller to perform 1031. Verify all schools with Cedar Rapids Community School District.
Multi-familyProperty Type
1909Year Built
5,600 sq ftLot Size
$88Est. Price/Sq.Ft.
2 spacesParking
Listed by Ross Nusser• Urban Acres Real Estate Corridor
Listed by • Urban Acres Real Estate
Bought with Laurie Whiting• Coldwell Banker Hedges Corridor
SE up/down duplex close to Mercy Hospital & more! Each unit previously rented for $625 landlord paid gas/water, tenants paid separate electricity. Vacant & easy to show! Perfect property to add to your investment portfolio or for owner-operators. Home could easily be converted back to 4bed 2bath single family. New roof (2020), shared coin laundry in basement. Seller to perform 1031. Verify all schools with Cedar Rapids Community School District.
ICAARMLS #202201911
May 5, 2022
Sold
$135,000
$76/sq ft
Apr 4, 2022
Listed
$135,000
$76/sq ft
Public Records
Aug 3, 2017
Sold
$205,000
$116/sq ft
CRAAR, CDRMLS #1705245
Oct 31, 2016
Listed
$386,000
$219/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,616 (+13.3%)
$25,000 + $84,100
$109,100
2024
$1,426 (−16.2%)
$22,000 + $77,400
$99,400
2023
$1,702 (+14.8%)
$19,000 + $72,100
$91,100
2022
$1,482 (−2.0%)
$19,000 + $61,700
$80,700
2021
$1,512 (+18.3%)
$16,000 + $55,500
$71,500
2020
$1,278 (−0.3%)
$16,000 + $52,500
$68,500
2019
$1,282 (+2.7%)
$16,000 + $52,500
$68,500
2018
$1,248 (−2.3%)
$14,000 + $45,500
$59,500
2017
$1,278 (+2.2%)
$14,000 + $45,500
$59,500
2016
$1,250 (+2.6%)
$14,000 + $44,700
$58,700
2014
$1,218
$14,000 + $44,466
$58,466
Tax history for 1038 Mount Vernon Rd Rd SE
Year
Property tax
Land + Additions
Assessment*
2025
$1,616 (+13.3%)
$25,000 + $84,100
$109,100
2024
$1,426 (−16.2%)
$22,000 + $77,400
$99,400
2023
$1,702 (+14.8%)
$19,000 + $72,100
$91,100
2022
$1,482 (−2.0%)
$19,000 + $61,700
$80,700
2021
$1,512 (+18.3%)
$16,000 + $55,500
$71,500
2020
$1,278 (−0.3%)
$16,000 + $52,500
$68,500
2019
$1,282 (+2.7%)
$16,000 + $52,500
$68,500
2018
$1,248 (−2.3%)
$14,000 + $45,500
$59,500
2017
$1,278 (+2.2%)
$14,000 + $45,500
$59,500
2016
$1,250 (+2.6%)
$14,000 + $44,700
$58,700
2014
$1,218
$14,000 + $44,466
$58,466
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
3
Stories
2
Lot width
40 ft.
Lot depth
40 ft.
Lot size
5,597 Sq. Ft.
Year renovated
1909
Sq. Ft.
1,651
Year built
1909
Style
Multi-Family (2-4 Unit)
County
Linn County
APN
14223-78002-00000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 12, 2026.
T-MC
Traditional Mixed Use Center District
The Traditional Mixed-Use Center T-MC district is intended to provide a blend of services, amenities, and community spaces along with integrated residential development. The T-MC district promotes small scale retail and service uses that are compact, pedestrianfriendly, and connected to surrounding neighborhoods. The T-MC district provides for a variety of uses at the neighborhood scale.