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Active Listings

4 Plex Marion - $260,000

This fully occupied 4-plex on 4th Ave in Marion is offered at $260,000 and provides stable cash flow with realistic room for rent growth. All units are 2-bedroom / 1-bath, tenants pay electricity, and the property features owned laundry and separate water heaters. Recent capital improvements include a new roof in 2023 and siding in 2022, 

This fully occupied 4-plex on 4th Ave in Marion is offered at $260,000 and provides stable cash flow with realistic room for rent growth. All units are 2-bedroom / 1-bath, tenants pay electricity, and the property features owned laundry and separate water heaters. Recent capital improvements include a new roof in 2023 and siding in 2022, making this a low-maintenance investment in a proven rental market

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8 Unit Studios - $360,000

Great Location! This well-maintained 8-unit multifamily property features large studio units with tenants paying their own heat and electric, helping keep owner expenses low. The building received a new roof and siding in 2020 and is conveniently located near 10th Avenue, supporting strong rental demand. Offered at $360,000, this asset al

Great Location! This well-maintained 8-unit multifamily property features large studio units with tenants paying their own heat and electric, helping keep owner expenses low. The building received a new roof and siding in 2020 and is conveniently located near 10th Avenue, supporting strong rental demand. Offered at $360,000, this asset also benefits from additional utility fees paid by tenants on top of rent, enhancing overall cash flow.

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12 Units Cedar Rapids $660,000

This 12-unit multifamily property features LARGE one-bedroom units and a strong tenant base with several long-term residents in place. Major capital improvements include a new roof and siding in 2020 and a newer boiler approximately four years old, supporting reduced near-term maintenance risk. Priced at $660,000, the property offers a de

This 12-unit multifamily property features LARGE one-bedroom units and a strong tenant base with several long-term residents in place. Major capital improvements include a new roof and siding in 2020 and a newer boiler approximately four years old, supporting reduced near-term maintenance risk. Priced at $660,000, the property offers a desirable southwest location near main roads and tenant conveniences, making it a stable long-term investment opportunity.

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Lot For Sale - $199,000

The listing promotes a .763-acre property on Johnson Ave NW in Cedar Rapids that includes a rented duplex with two 2-bedroom units and a 3-stall garage plus shed, currently generating rental income. The site highlights a strong redevelopment opportunity, noting the potential to rezone the land for 12+ units in a high-traffic area with ove

The listing promotes a .763-acre property on Johnson Ave NW in Cedar Rapids that includes a rented duplex with two 2-bedroom units and a 3-stall garage plus shed, currently generating rental income. The site highlights a strong redevelopment opportunity, noting the potential to rezone the land for 12+ units in a high-traffic area with over 9,000 vehicles per day. Recent updates to the property include new gutters and sewer fixes completed in 2024, and interested buyers are encouraged to contact the listing agents for more details

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Marion Duplex - $190,000

3 Bedroom 2 Bathroom Duplex with LARGE bedroom units. Each unit is separately metered, tenants pay all utilities and are in charge of lawn and snow removal. Comes with one garage and the adjacent parcel. New roof, electrical panels, and replaced the main drain line stack in 2022. Updated Kitchen & Bathroom in one unit, new HVAC & Hot Water Heaters in 2023. 

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Marion 4 Plex - Pending

This multifamily property features large two-bedroom units, a garage, and one unit currently vacant—creating immediate upside for a new owner. Recent improvements include a new roof, gutters, and siding in 2020 along with a new water heater in 2024, while long-term tenants support stability. Priced at a solid $260,000, the property offers

This multifamily property features large two-bedroom units, a garage, and one unit currently vacant—creating immediate upside for a new owner. Recent improvements include a new roof, gutters, and siding in 2020 along with a new water heater in 2024, while long-term tenants support stability. Priced at a solid $260,000, the property offers a terrific location just off 1st Avenue with realistic potential for future rent growth.

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400 1st St SE - Downtown

400 1st St SE - Downtown

400 1st St SE - Downtown

This downtown Cedar Rapids condo is a 2-bedroom, 1-bath loft-style unit with 870 square feet, listed at $99,000. Built in 1990, it features hot water heat, window/wall air, and included appliances such as a range and refrigerator. Building amenities include an elevator, secured entry, common laundry, secure storage, and off-street or carp

This downtown Cedar Rapids condo is a 2-bedroom, 1-bath loft-style unit with 870 square feet, listed at $99,000. Built in 1990, it features hot water heat, window/wall air, and included appliances such as a range and refrigerator. Building amenities include an elevator, secured entry, common laundry, secure storage, and off-street or carport parking, with $150 monthly association dues. Located on the waterfront near the city core, it offers an affordable urban living or investment opportunity

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Heartland Investment Real Estate

Heartland Investment Real Estate

Heartland Investment Real Estate

Heartland Investment Real Estate

Heartland Investment Real Estate

Heartland Investment Real Estate

Recently Sold

475 5th Ave - 23 Units

This 23-unit, three-building portfolio at 475–479 5th Ave offers a strong unit mix with 22 one-bedroom units and one two-bedroom unit in a desirable neighborhood setting. Built between 1964–1965, the all-brick buildings provide durability and long-term stability with clear potential for rent increases and value growth. Sold at $975,000 th

This 23-unit, three-building portfolio at 475–479 5th Ave offers a strong unit mix with 22 one-bedroom units and one two-bedroom unit in a desirable neighborhood setting. Built between 1964–1965, the all-brick buildings provide durability and long-term stability with clear potential for rent increases and value growth. Sold at $975,000 this is a compelling opportunity to acquire scale and upside in a solid multifamily location.

701 9th Ave - 12 Units

A Great 12-unit multifamily property at 701 9th Ave in Marion, sold at $660,000, featuring large one-bedroom units with a strong history of occupancy. The property offers month-to-month leases, electric baseboard heat, and a favorable utility structure where tenants pay heat, electric, and an additional utility fee. Located in a quiet are

A Great 12-unit multifamily property at 701 9th Ave in Marion, sold at $660,000, featuring large one-bedroom units with a strong history of occupancy. The property offers month-to-month leases, electric baseboard heat, and a favorable utility structure where tenants pay heat, electric, and an additional utility fee. Located in a quiet area close to downtown, the building also benefits from common areas updated in 2025, making it a stable asset with operational upside

Meadowview - 68 Units

Meadowview Dr was a well-maintained property located in a quiet, established neighborhood in Marion, Iowa. The building features renovated units with updated finishes, making them attractive and easy to lease. Electric heat keeps utilities simple and efficient for management and tenants alike. The property is designed to produce strong, h

Meadowview Dr was a well-maintained property located in a quiet, established neighborhood in Marion, Iowa. The building features renovated units with updated finishes, making them attractive and easy to lease. Electric heat keeps utilities simple and efficient for management and tenants alike. The property is designed to produce strong, high cash flow with solid long-term upside. Its convenient Marion location offers easy access to schools, parks, shopping, and major roadways.

990 Grand Ave - 8 Units

This 8-unit studio apartment building at 990 Grand Ave is fully occupied and offered with all leases on a month-to-month basis, providing flexibility for future rent adjustments. The property is in fantastic condition with numerous upgrades, featuring a favorable utility setup where tenants pay heat and electric while the landlord covers 

This 8-unit studio apartment building at 990 Grand Ave is fully occupied and offered with all leases on a month-to-month basis, providing flexibility for future rent adjustments. The property is in fantastic condition with numerous upgrades, featuring a favorable utility setup where tenants pay heat and electric while the landlord covers common lights, water, and hot water. Sold at $355,000, this well-located asset offers a stable income stream with strong tenant convenience and upside potential.

119 Rapids Ave - 5 Units

The 5-unit brick property at 117 Rapids Ave SW in Cedar Rapids features large two-bedroom units of approximately 750 square feet each and offers realistic room for rent growth. The building has been well maintained and owned for 25 years, includes owner-operated laundry, and benefits from a strong utility structure with tenants paying ele

The 5-unit brick property at 117 Rapids Ave SW in Cedar Rapids features large two-bedroom units of approximately 750 square feet each and offers realistic room for rent growth. The building has been well maintained and owned for 25 years, includes owner-operated laundry, and benefits from a strong utility structure with tenants paying electric while the landlord covers water and gas. Located in a convenient SW Cedar Rapids location, this asset presents a stable investment with long-term upside potential. Sold at $310,000.

850 33rd Ave - 4 Plex

The 4-plex at 850 33rd Ave in Marion features all two-bedroom units, a durable metal roof, and hot water heat, making it a solid and efficient investment property. Built in 1979 and offered with month-to-month leases, the property provides flexibility and realistic upside for income growth. Priced at $240,000, it’s a strong opportunity fo

The 4-plex at 850 33rd Ave in Marion features all two-bedroom units, a durable metal roof, and hot water heat, making it a solid and efficient investment property. Built in 1979 and offered with month-to-month leases, the property provides flexibility and realistic upside for income growth. Priced at $240,000, it’s a strong opportunity for both first-time and experienced investors in a desirable location.

4841 Tama St - 8 Units

This downtown Cedar Rapids condo is a 2-bedroom, 1-bath loft-style unit with 870 square feet, listed at $99,000. Built in 1990, it features hot water heat, window/wall air, and included appliances such as a range and refrigerator. Building amenities include an elevator, secured entry, common laundry, secure storage, and off-street or carp

This downtown Cedar Rapids condo is a 2-bedroom, 1-bath loft-style unit with 870 square feet, listed at $99,000. Built in 1990, it features hot water heat, window/wall air, and included appliances such as a range and refrigerator. Building amenities include an elevator, secured entry, common laundry, secure storage, and off-street or carport parking, with $150 monthly association dues. Located on the waterfront near the city core, it offers an affordable urban living or investment opportunity

2131 Boston House - 12 Units

This 12-unit multifamily property at 2131 Blairs Ferry Road offers a strong unit mix with 10 one-bedroom units, one two-bedroom unit, and one efficiency, along with tenant-paid RUBs and updated common areas. The property has been under the same ownership for over 15 years, features a new roof installed in 2020, and presents clear potentia

This 12-unit multifamily property at 2131 Blairs Ferry Road offers a strong unit mix with 10 one-bedroom units, one two-bedroom unit, and one efficiency, along with tenant-paid RUBs and updated common areas. The property has been under the same ownership for over 15 years, features a new roof installed in 2020, and presents clear potential for rental increases. Sold at $520,000, this well-located asset provides a stable investment opportunity with upside in a highly convenient area for tenants.

1355 3rd Ave - Marion

1355 3rd Ave - Marion

3 Bedroom 2 Bathroom Duplex with LARGE bedroom units. Each unit is separately metered, tenants pay all utilities and are in charge of lawn and snow removal. Comes with one garage and the adjacent parcel. New roof, electrical panels, and replaced the main drain line stack in 2022. Updated Kitchen & Bathroom in one unit, new HVAC & Hot Water Heaters in 2023. 

1355 3rd Ave - Marion

1355 3rd Ave - Marion

1355 3rd Ave - Marion

3 Bedroom 2 Bathroom Duplex with LARGE bedroom units. Each unit is separately metered, tenants pay all utilities and are in charge of lawn and snow removal. Comes with one garage and the adjacent parcel. New roof, electrical panels, and replaced the main drain line stack in 2022. Updated Kitchen & Bathroom in one unit, new HVAC & Hot Water Heaters in 2023. 

Copyright © 2026 Heartland INVESTMENT REAL ESTATE - 

All Rights Reserved.

Licensed Real Estate Brokers and Real Estate Agents 

1350 Boyson Road  A1   

Hiawatha, IA 52233

319-540-9070


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