Cedar Rapids, IA Apartment Buildings for Sale

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Updated: Aug 22, 2025

Historic Five-Story Mixed-Use Building

97 3rd Avenue SE, Cedar Rapids, IA 52401

$12,400,000

94,760 sqft

32 stabilized market‑rate apartments
61,500 SF of redeveloped commercial space, 65% occupied by long‑term tenants
94,760‑square‑foot five‑story building constructed in 1904
2016 renovations included solar, high‑efficiency HVAC, elevators, roof, and windows
48 interior parking stalls provide additional income

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This listing looks promising.

Here's a quick look at some key insights for

97 3rd Avenue SE, Cedar Rapids, IA 52401

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Est. Cap Rate

6.5%
Above avg (5.9%)
Est. NOI

$802K
Annual
Mortgage

$6.06M
Sep 2025
Property Type

Skyscraper/High-Rise
Built 1904

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Updated: Jul 2

32-Unit Apartment Property

16 Aossey Lane SW, Cedar Rapids, IA 52404

$2,100,000

36,000 sqft 1.52 AC lot

32‑unit multifamily property across four 8‑unit apartment buildings
Consistent unit layout with 2‑bedroom, 1‑bath apartments
36,000 square feet of improvements on 1.52 acres
RMF zoning and frame construction
Built in 1996

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30-Unit Apartment Complex

806 15th Avenue SW, Cedar Rapids, IA 52404

$1,900,000

0.66 AC lot

Four buildings offer one- and two-bedroom layouts with shared laundry and off-street parking.

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32-Unit Apartment Building Portfolio

16 Aossey Lane SW, Cedar Rapids, IA 52404

$2,100,000

36,000 sqft

Four-building multifamily offering with two-bedroom, one-bath apartments and flexible acquisition options.

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Creekside Apartments: 76 Units

2939 12th Ave SW, Cedar Rapids, IA 52404

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32,895 sqft 2.01 AC lot

76-unit apartment complex in Cedar Rapids, Iowa for sale.

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NewBo District Mixed-Use Investment

329 12th Ave Se, Cedar Rapids, IA 52401

$5,800,000

9,398 sqft 1.16 AC lot

Mixed-use investment property in Cedar Rapids' NewBo District.

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Multifamily Apartment Building

120 32nd St NE, Cedar Rapids, IA 52402

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Apartment building with 23 units in the Cedar Rapids metro, with recent updates and a roof maintenance plan.

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Historic Multifamily Conversion Property

860 17th St SE, Cedar Rapids, IA 52403

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Historic property with 44 units plus common areas, a large commercial kitchen, storage, shop, laundry, offices, and garage.

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Retail End-Cap with Outdoor Patio

900 3rd St SE Unit 100, Cedar Rapids, IA 52401

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Ground-floor retail end-cap includes an outdoor patio and is positioned on highly visible 3rd St SE frontage.

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Restaurant End-Cap with Outdoor Patio

900 3rd St SE Unit 700, Cedar Rapids, IA 52401

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South end-cap restaurant space features an outdoor patio, within a mixed-use project offering flexible first-floor commercial suites.

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Mixed-Use Development with Retail Suites

900 3rd St SE Unit 600, Cedar Rapids, IA 52401

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First-floor commercial suites are available in a mixed-use project with 183 market-rate apartments and a south end-cap patio.

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HUD Apartment Buildings

2283 C St SW, Cedar Rapids, IA 52404

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Two Iowa complexes comprise 387 units, with updates to roofs, HVAC, windows, appliances, flooring, and water heaters.

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Restaurant End-Cap with Patio

900 3rd St SE Unit Restaura, Cedar Rapids, IA 52401

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South end-cap suite includes an outdoor patio and flexible first-floor commercial suite sizes in a new mixed-use project.

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6-Unit Brick Apartment Building

1600 3rd Ave SE, Cedar Rapids, IA 52403

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Solid-brick construction and proximity to retail services support a practical multifamily configuration.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 14 Active listings in Cedar Rapids, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 58 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

6-Unit Multifamily Apartment Building

504 2nd Ave, Coralville, IA 52241

$1,150,000

4,488 sqft

Well-maintained 6-unit multifamily with an excellent rental history near major employers, shopping, and transit corridors.

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Updated Apartment Building with Laundry

902 North Dodge Street, Iowa City, IA 52245

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Forty-one apartments near the University of Iowa campus include refreshed interiors and on-site laundry facilities.

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12-Unit Apartment Building

365 Ellis Ave, Iowa City, IA 52246

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Multifamily property with consistent three-bedroom layouts and off-street parking in Iowa City.

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16-Unit Apartment Building

713 20th Ave, Coralville, IA 52241

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Multifamily property with one-bedroom residences and shared laundry facilities in each building.

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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

$305,000

Estimated value

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

$165,000

Estimated value

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

$160,000

Estimated value

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

$195,000

Estimated value

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

$80,000

Estimated value

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

$95,000

Estimated value

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

$200,000

Estimated value

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

$145,000

Estimated value

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

$225,000

Estimated value

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

$200,000

Estimated value

3,428 sqft 0.25 AC lot

View details

Cedar Rapids, IA Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Cedar Rapids, IA, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 209,053 square feet of properties for sale, with an estimated market value of $24,300,000.

Sale prices for two-family homes in Cedar Rapids, IA start at $1,900,000, averaging $4,860,000, and reaching up to $12,400,000 — 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
52404	$2M

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

Office

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

97 3rd Avenue SE, Cedar Rapids, IA 52401

16 Aossey Lane SW, Cedar Rapids, IA 52404

806 15th Avenue SW, Cedar Rapids, IA 52404

16 Aossey Lane SW, Cedar Rapids, IA 52404

2939 12th Ave SW, Cedar Rapids, IA 52404

329 12th Ave Se, Cedar Rapids, IA 52401

120 32nd St NE, Cedar Rapids, IA 52402

860 17th St SE, Cedar Rapids, IA 52403

900 3rd St SE Unit 100, Cedar Rapids, IA 52401

900 3rd St SE Unit 700, Cedar Rapids, IA 52401

900 3rd St SE Unit 600, Cedar Rapids, IA 52401

2283 C St SW, Cedar Rapids, IA 52404

900 3rd St SE Unit Restaura, Cedar Rapids, IA 52401

1600 3rd Ave SE, Cedar Rapids, IA 52403

Opportunities in Nearby Cities

504 2nd Ave, Coralville, IA 52241

902 North Dodge Street, Iowa City, IA 52245

365 Ellis Ave, Iowa City, IA 52246

713 20th Ave, Coralville, IA 52241

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

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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