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120-126 NE 32nd Street, CedarRapids, IA 52402

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For Sale

$1,425,000

13,248 sqft

Estimated Payment

$ 8,321 /mo. †

6.76% APR for 30 yrs.
$11,036 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $107.56
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

**Investment Property Available in Cedar Rapids** This multifamily complex comprises a total of 23 units: - 20 one-bedroom units - 1 two-bedroom unit - 1 three-bedroom unit - 1 efficiency unit Out of the 23 units, 10 have been fully remodeled within the past two years. The units occupied by long-term tenants remain untouched. The property is located in a great area with easy access.
MLS# 202405889

Courtesy Of Lepic-Kroeger, REALTORS

(319) 351-8811

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Microwave, Oven, Range, Refrigerator
  • Architecture Style
    Other
  • Cooling System
    Central A/C
  • Floor Covering
    Carpet, Vinyl
  • Heating System
    Baseboard

Map and Directions

Directions to 120-126 NE 32nd Street, CedarRapids, IA 52402

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $7,402
  • Property Taxes
    $919
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $8,321

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Kenwood Leadership Academy

Grades PK-5 Public School

Cedar Rapids, IA 52402 0.5 miles
3700 e ave ne

426 total students
13:1 Student teacher ratio

School Rating: D+

School Details

Benjamin Franklin Middle School

Grades 6-8 Public School

Cedar Rapids, IA 52402 1 miles
300 20th st ne

486 total students
13:1 Student teacher ratio

School Rating: C

School Details

Washington High School

Grades 9-12 Public School

Cedar Rapids, IA 52403 1 miles
2205 forest dr se

1189 total students
15:1 Student teacher ratio

School Rating: D+

School Details
Other Nearby Schools Distance Type Grades School Rating
Arthur Elementary 0.6 miles Public PK-5 C+
St Matthew School 0.8 miles Private KG-5
Regis Middle School 0.9 miles Private 6-8
Summit Schools 1.1 miles Private PK-8
Harding Middle School 1.3 miles Public 6-8 B+
Wright Elementary 1.3 miles Public PK-5 D
Garfield Elementary 1.3 miles Public KG-5 D+
Cedar Valley Christian School 1.5 miles Private PK-12
St Pius X Elementary School 1.7 miles Private KG-5
Johnson Steam Academy 1.8 miles Public KG-5 F
Isaac Newton Christian Academy 1.9 miles Private PK-12
Grant Wood Elementary 2.2 miles Public PK-5 F
Pierce Elementary 2.3 miles Public KG-5 D
Starry Elementary School 2.3 miles Public PK-2
Bowman Woods Elementary 2.4 miles Public KG-5 A-
All Saints Catholic School 2.4 miles Private PK-5
Marion High School 2.4 miles Public 9-12 B-

Arthur Elementary

Distance: 0.6 miles

Type Public

Grades: PK-5

C+

St Matthew School

Distance: 0.8 miles

Type Private

Grades: KG-5

Regis Middle School

Distance: 0.9 miles

Type Private

Grades: 6-8

Summit Schools

Distance: 1.1 miles

Type Private

Grades: PK-8

Harding Middle School

Distance: 1.3 miles

Type Public

Grades: 6-8

B+

Wright Elementary

Distance: 1.3 miles

Type Public

Grades: PK-5

D

Garfield Elementary

Distance: 1.3 miles

Type Public

Grades: KG-5

D+

Cedar Valley Christian School

Distance: 1.5 miles

Type Private

Grades: PK-12

St Pius X Elementary School

Distance: 1.7 miles

Type Private

Grades: KG-5

Johnson Steam Academy

Distance: 1.8 miles

Type Public

Grades: KG-5

F

Isaac Newton Christian Academy

Distance: 1.9 miles

Type Private

Grades: PK-12

Grant Wood Elementary

Distance: 2.2 miles

Type Public

Grades: PK-5

F

Pierce Elementary

Distance: 2.3 miles

Type Public

Grades: KG-5

D

Starry Elementary School

Distance: 2.3 miles

Type Public

Grades: PK-2

Bowman Woods Elementary

Distance: 2.4 miles

Type Public

Grades: KG-5

A-

All Saints Catholic School

Distance: 2.4 miles

Type Private

Grades: PK-5

Marion High School

Distance: 2.4 miles

Type Public

Grades: 9-12

B-

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for CedarRapids, IA 52402

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CedarRapids, IA 52402

This community’s employment is highest in the administrative support and sales industries. The area’s overall household expenses are above the national average.

86° July
Hottest Average Month
10° January
Coldest Average Month
17,655 Total Households in Area
-0.9% Increase in population since the year 2010
29.7%
of households
have children
16 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for CedarRapids, IA 52402

CedarRapids, IA 52402 has a population of 40,281 people in 17,655 households with a median age of 37.9 years old.

-0.9%
Decrease in population
since the year 2010
Population is Trending down
17,480
Total households as of 2010
3.4%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 37.9 years old. The smallest percentage group is 18-24 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 76%
Black 8%
Asian 6%
Hispanic 5%
Other 2%
Native American <1%
The most prevalent ethnicity is White at 76%, followed by Black at 8%, Asian at 6%, and Hispanic at 5%.

Economics
for CedarRapids, IA 52402

2,977 /sq mi
Population Density
$69,733 /yr
Median Household Income
$222,500
Median Sales Price
16 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 21.46% of the households.

Transportation to Work

  • Drive 85%
  • Work from Home 10%
  • Walk or Bike 4%
  • Public Transit 0%

Occupancy by Type

Owned 11,912 63%
Rented 5,743 30%
Vacant 1,262 7%

White vs Blue Collar Jobs







White Collar 78%
Blue Collar 22%

Family & Education Facts
for CedarRapids, IA 52402

37.9 Median Age

Average Household Size

2.2
persons per
household

42%

Married Households

Community Population By Education

Bachelors Degree 30%
Some College 22%
High School Graduate 20%
Graduate Degree 11%
Associates Degree 11%
Some High School 5%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 29.7% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
29.8% of households have children

Weather
for CedarRapids, IA 52402

The weather for this area ranges from a high of 86° F in July to a low of 10° F in January

86° July
Hottest Average Month
10° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
10°
28°
Feb
14°
33°
Mar
26°
45°
Apr
38°
61°
May
49°
72°
Jun
59°
81°
Jul
63°
86°
Aug
61°
83°
Sep
52°
76°
Oct
41°
64°
Nov
28°
47°
Dec
16°
33°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Iowa City Area Association of REALTORS&#174;. 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. 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

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.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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