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.
Sale and tax history for 1601-1607 Centerpoint Rd Rd NE
Sale History
Tax History
Date
Event
Price
CRAAR, CDRMLS #2606437
Sep 13, 2026
Listed
$1,300,000
$181/sq ft
LEASESTAR #2
Mar 7, 2025
Rental Removed
$850
$0/sq ft
Mar 6, 2025
Listed for Rent
$850
$0/sq ft
LEASESTAR #1
Mar 3, 2025
Rental Removed
$850
$0/sq ft
Mar 2, 2025
Listed for Rent
$850
$0/sq ft
Public Records
Jan 16, 2025
Sold
$1,150,000
$160/sq ft
Public Records
Sep 3, 2010
Sold
$3,210,000
$448/sq ft
Public Records
Aug 20, 2010
Sold
$3,077,301
$429/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$19,748 (+24.0%)
$101,300 + $1,049,200
$1,150,500
2024
$15,926 (−16.1%)
$101,300 + $989,000
$1,090,300
2023
$18,982 (+1.8%)
$101,300 + $798,700
$900,000
2022
$18,644 (+19.3%)
$101,300 + $798,700
$900,000
2021
$15,626 (+2.7%)
$101,300 + $798,700
$900,000
2020
$15,214 (−0.3%)
$72,000 + $636,200
$708,200
2019
$15,264 (+2.8%)
$72,000 + $636,200
$708,200
2018
$14,844 (−7.5%)
$72,000 + $636,200
$708,200
2017
$16,054 (+2.5%)
$72,000 + $636,200
$708,200
2016
$15,670 (+1.7%)
$72,000 + $665,200
$737,200
2014
$15,412
$72,000 + $668,154
$740,154
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
3
Lot width
—
Lot depth
—
Lot size
0.91 Acres
Year renovated
1977
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
9,984
Year built
1977
Style
Multi-Family (5+ Unit)
County
Linn County
APN
14161-26018-00000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 12, 2026.
T-RH
Traditional Residential High District
The Traditional Residential High T-RH district is intended to provide for very high-density residential development at a range up to 43 units per acre.
Permitted uses
Include but are not limited to:
Agriculture
Assembly/ meeting place
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Communications tower
Park & open space
Feb 29, 2008 • Final
Mps imported permit - mechanical
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 104° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Cedar Rapids, IA • 52402
Average low and high temperatures (°F)
28
12
36
19
56
34
62
44
73
52
82
64
86
70
81
64
79
58
69
48
49
34
34
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 18% for direct sun exposure in Cedar Rapids. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1601-1607 Centerpoint Rd Rd NE
There isn’t enough information to generate an accurate estimate at this time. Learn More