Cedar Rapids, IA Apartment Buildings for Sale

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Hiawatha, IA Marion, IA Robins, IA Fairfax, IA Ely, IA Mount Vernon, IA Swisher, IA Palo, IA

Updated: Mar 17

Creekside Apartments: 76 Units

2939 12th Ave SW, Cedar Rapids, IA 52404

$2,999,000

32,895 sqft 2.01 AC lot

76 Residential Apartment Units offer significant income potential
Diverse Unit Mix appeals to a wide range of tenants
Includes 13 Attached Garage Units, a desirable amenity
Convenient Location off Williams Blvd SW and 16th Ave SW in Cedar Rapids, Iowa
Ample Parking with 92 surface stalls

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This listing looks promising.

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2939 12th Ave SW, Cedar Rapids, IA 52404

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Est. Cap Rate

8.8%
Above avg (5.9%)
Est. NOI

$265K
Annual
Price @ 7% Cap

$3.79M
Above asking
Property Type

Residential (General/Single)
Built 1975

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Updated: Jul 2

Two-Bedroom 8-Unit Apartment Portfolio

16 Aossey Lane SW, Cedar Rapids, IA 52404

$2,100,000

36,000 sqft 1.52 AC lot

32‑unit multifamily property with four well‑maintained 8‑unit buildings
Spacious 2‑bedroom, 1‑bath apartments across the 32 units
Built in 1996 with frame construction materials
Buy as the full 32‑unit portfolio or by individual 8‑unit building
Approximately 10 minutes from The Eastern Iowa Airport

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Four-Building Multifamily Apartment Complex

806 15th Avenue SW, Cedar Rapids, IA 52404

$1,900,000

0.66 AC lot

30-unit multifamily property with ample off-street parking, common laundry, and recent exterior and mechanical upgrades.

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30-Unit Multifamily Apartment Complex

806 15th Avenue SW, Cedar Rapids, IA 52404

$1,900,000

23,590 sqft

Well-maintained four-building apartment complex with updated interiors, off-street parking, and on-site laundry facilities.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in Cedar Rapids, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Six-Unit Multifamily Building

504 2nd Ave, Coralville, IA 52241

$725,000

Six-unit multifamily property offers a mix of two- and one-bedroom apartments with off-street parking.

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Three-Building Apartment Portfolio

Iowa City, IA 52246

$3,650,000

For sale three-building multifamily property with 42 units, including studios and one-bedrooms, and recent roof replacement.

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Rental Condominium Community

Iowa City, IA 52246

$1,400,000

Twelve 2-bedroom rental condominiums with in-unit laundry and single-car garages, with ongoing condo-regime improvements underway.

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Coralville Multifamily Property for Sale

320 2nd Street, Coralville, IA 52241

$6,450,000

19,786 sqft

Multifamily property in Coralville, Iowa, tenant rights apply.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

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Commercial Buildable Land Parcel

801 NW 36th Avenue, Norman, OK 73072

$250,000

0.74 AC lot

Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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Buildable Lot for Luxury Condos

801 36th Ave NW, Norman, OK 73072

$285,000

0.74 AC lot

0.74 acre buildable lot zoned for low-density apartments.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Off-Market Properties in Cedar Rapids, IA

Consider similar Off-Market properties in Cedar Rapids, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (UNDER 5 UNITS)

1630 1st NE Ave, Cedar Rapids, IA 52402-5488

Value Estimation by Request

5,576 sqft 0.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1024 Ellis NW Blvd, Cedar Rapids, IA 52405-2551

Value Estimation by Request

2,800 sqft 0.15 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1020 Ellis NW Blvd, Cedar Rapids, IA 52405-2553

Value Estimation by Request

2,800 sqft 0.15 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

4002 Westover SE Rd, Cedar Rapids, IA 52403-1078

Value Estimation by Request

3,456 sqft 0.25 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

4016 21st SW Ave, Cedar Rapids, IA 52404-6313

Value Estimation by Request

3,080 sqft 0.23 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

4012 21st SW Ave, Cedar Rapids, IA 52404-6312

Value Estimation by Request

3,080 sqft 0.23 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

4004 Westover SE Rd, Cedar Rapids, IA 52403-1080

Value Estimation by Request

3,428 sqft 0.25 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1617 A NE Ave, Cedar Rapids, IA 52402-5401

Value Estimation by Request

2,944 sqft 0.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

941 M SW St, Cedar Rapids, IA 52404-2701

Value Estimation by Request

2,400 sqft 0.19 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

4016 Westover SE Rd, Cedar Rapids, IA 52403-1057

Value Estimation by Request

3,428 sqft 0.25 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

4018 Westover SE Rd, Cedar Rapids, IA 52403-1056

Value Estimation by Request

3,428 sqft 0.24 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

5105 Johnson SW Ave, Cedar Rapids, IA 52404-1171

Unit 1

$2,720,000

Estimated value

3,024 sqft 10.49 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

524 4th SW St, Cedar Rapids, IA 52404-5800

Value Estimation by Request

3,712 sqft 0.10 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

3918 21st Ave SW Pl, Cedar Rapids, IA 52404-6303

Value Estimation by Request

3,560 sqft 0.22 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

4405 Rushmore NE Dr, Cedar Rapids, IA 52402-3009

Value Estimation by Request

3,477 sqft 0.57 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2100 Westdale SW Dr, Cedar Rapids, IA 52404-6364

Unit 1

Value Estimation by Request

3,888 sqft 0.59 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

529 10th SW St, Cedar Rapids, IA 52404-1850

Value Estimation by Request

3,240 sqft 0.13 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

4010 Westover SE Rd, Cedar Rapids, IA 52403-1059

Value Estimation by Request

3,744 sqft 0.25 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1541 5th SE Ave, Cedar Rapids, IA 52403-1258

Value Estimation by Request

3,360 sqft 0.13 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

88 22nd SW Ave, Cedar Rapids, IA 52404-3076

Value Estimation by Request

2,244 sqft 0.12 AC lot

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Cedar Rapids, IA Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Cedar Rapids, IA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 92,485 square feet of properties for sale, with an estimated market value of $6,999,000.

Sale prices for two-family homes in Cedar Rapids, IA start at $1,900,000, averaging $2,333,000, and reaching up to $2,999,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 145K

Population Growth (5Y) +3.0%

Median Household Income $72,941

College Educated 21.6%

High-Yield Neighborhoods for Investment

Identify Cedar Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
52401	$425K
52404	$1.9M
52403	$3.3M

Taxes & Financing

Tax Rate (average for all types) 3.09%

Property Tax per SF $27.54 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Linn County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Linn County

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Property Size Breakdown

The majority of commercial real estate listings in Cedar Rapids fall within the 100,000+ square foot range.

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Cedar Rapids, IA Apartment Buildings for Sale

2939 12th Ave SW, Cedar Rapids, IA 52404

16 Aossey Lane SW, Cedar Rapids, IA 52404

806 15th Avenue SW, Cedar Rapids, IA 52404

806 15th Avenue SW, Cedar Rapids, IA 52404

Opportunities in Nearby Cities

504 2nd Ave, Coralville, IA 52241

Iowa City, IA 52246

Iowa City, IA 52246

320 2nd Street, Coralville, IA 52241

Potential Development Sites for Consideration

N West Bypass, Springfield, MO 65802

801 NW 36th Avenue, Norman, OK 73072

801 36th Ave NW, Norman, OK 73072

215 N Bear Creek Road, Asheville, NC 28806

Off-Market Properties in Cedar Rapids, IA

1630 1st NE Ave, Cedar Rapids, IA 52402-5488

1024 Ellis NW Blvd, Cedar Rapids, IA 52405-2551

1020 Ellis NW Blvd, Cedar Rapids, IA 52405-2553

4002 Westover SE Rd, Cedar Rapids, IA 52403-1078

4016 21st SW Ave, Cedar Rapids, IA 52404-6313

4012 21st SW Ave, Cedar Rapids, IA 52404-6312

4004 Westover SE Rd, Cedar Rapids, IA 52403-1080

1617 A NE Ave, Cedar Rapids, IA 52402-5401

941 M SW St, Cedar Rapids, IA 52404-2701

4016 Westover SE Rd, Cedar Rapids, IA 52403-1057

4018 Westover SE Rd, Cedar Rapids, IA 52403-1056

5105 Johnson SW Ave, Cedar Rapids, IA 52404-1171

524 4th SW St, Cedar Rapids, IA 52404-5800

3918 21st Ave SW Pl, Cedar Rapids, IA 52404-6303

4405 Rushmore NE Dr, Cedar Rapids, IA 52402-3009

2100 Westdale SW Dr, Cedar Rapids, IA 52404-6364

529 10th SW St, Cedar Rapids, IA 52404-1850

4010 Westover SE Rd, Cedar Rapids, IA 52403-1059

1541 5th SE Ave, Cedar Rapids, IA 52403-1258

88 22nd SW Ave, Cedar Rapids, IA 52404-3076

Cedar Rapids, IA Apartment Buildings Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Office

Property Size Breakdown

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