30-Unit Apartment
For Sale
$1,900,000
806 15th Avenue SW, Cedar Rapids, IA 52404
Commercial Sale, Cedar Rapids, IA
Property SizeContact for details
Lot Size0.66 Acres
Days on Market77
Property Features for 806 15th Avenue SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
48
Bathrooms
30
Full bathrooms
30
Rooms
Bedroom 13, Bedroom 23, Bathroom 26, Bedroom 44, Bathroom 5, Bathroom 2, Bathroom 17, Bathroom 25, Bedroom 2, Bedroom 48, Bedroom 15, Bedroom 35, Bedroom 10, Bathroom 9, Bedroom 33, Bedroom 26, Bedroom 36, Bedroom 41, Bedroom 22, Bedroom 31, Bedroom 4, Bedroom 43, Bedroom 19, Bathroom 1, Bedroom 16, Bathroom 23, Bedroom 47, Bedroom 8, Bedroom 29, Bathroom 13, Bedroom 6, Bathroom 3, Bathroom 30, Bedroom 18, Bedroom 20, Bathroom 24, Bedroom 39, Bedroom 32, Bedroom 12, Bedroom 46, Bathroom 8, Bedroom 24, Bathroom 4, Bedroom 9, Bedroom 40, Bathroom 20, Bathroom 10, Bedroom 14, Bedroom 27, Bedroom 30, Bathroom 15, Bathroom 21, Bathroom 18, Bedroom 34, Bedroom 5, Bathroom 16, Bedroom 7, Bedroom 42, Bathroom 19, Bedroom 25, Bathroom 7, Bedroom 37, Bathroom 14, Bathroom 6, Bedroom 38, Bedroom 11, Bathroom 28, Bathroom 12, Bathroom 27, Bedroom 1, Bathroom 22, Bathroom 11, Bedroom 3, Bedroom 17, Bedroom 21, Bedroom 28, Bedroom 45, Bathroom 29
Directions
Take 6th street south to 15th Avenue SW. Turn west and property will be on the north side of the road.
Subdivision
Out of Area South
Standard status
Active
APN
143210200200000
Lot size
0.66 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17520
Amenities
common area laundry facilities
off-street parking
Building Details
Year built
1968
Floors in Building
2
Number of units
30
Listing Agency:
MR. LANDMAN
Listed By:
Jon Fisher · License #RB18000549
(217) 202-0924
Added: Jun 18
Changed: Aug 20
Last Checked: Sep 2 at 2:06PM
MLS# 12681768
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1968, this multifamily property includes 30 apartments across four buildings on 0.66 acres. The unit mix consists of 14 one-bedroom homes and 16 two-bedroom homes, supported by common-area laundry facilities and off-street parking.
Capital work has included new roofs, gutters, soffits, and vinyl siding completed since 2021. All four boilers were replaced in 2024, while approximately 90% of the apartments have updated luxury vinyl plank flooring. Laundry equipment upgrades are also underway.
The property is located at 806 15th Avenue SW in southwest Cedar Rapids, near the 1st Avenue retail corridor. Shopping, healthcare, restaurants, major employers, and transportation routes serving the Cedar Rapids metro area are accessible from the property. Zoning is MULTI.
Capital work has included new roofs, gutters, soffits, and vinyl siding completed since 2021. All four boilers were replaced in 2024, while approximately 90% of the apartments have updated luxury vinyl plank flooring. Laundry equipment upgrades are also underway.
The property is located at 806 15th Avenue SW in southwest Cedar Rapids, near the 1st Avenue retail corridor. Shopping, healthcare, restaurants, major employers, and transportation routes serving the Cedar Rapids metro area are accessible from the property. Zoning is MULTI.
Key Highlights
- 30‑unit multifamily property across four buildings on 0.66 acres
- Unit mix includes 14 one‑bedroom and 16 two‑bedroom apartments
- New roofs, gutters, soffits, and vinyl siding completed since 2021
Property Analytics
Property Profile
Current Use
Lease Details
30
Residential units
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 52404, IA
43,385
Population
19,923
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
767
Density / Sq Mi
$62,304
Median Household Income
$38,865
Median Earnings
$885
Median Rent
$159,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four buildings offer one- and two-bedroom layouts with shared laundry and off-street parking.
Where is this apartment building located?
The property is located at 806 15th Avenue SW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 30‑unit multifamily property across four buildings on 0.66 acres; Unit mix includes 14 one‑bedroom and 16 two‑bedroom apartments; New roofs, gutters, soffits, and vinyl siding completed since 2021
