32-Unit Apartment
For Sale
$2,100,000
16 Aossey Lane SW, Cedar Rapids, IA 52404
Multi-Family, Cedar Rapids, IA
Property Size36,000 SF
Lot Size1.52 Acres
Price / SF$58.33
Days on Market60
Property Features for 16 Aossey Lane SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RMF
Bedrooms
64
Rooms
Bedroom 33, Bedroom 1, Bedroom 46, Bedroom 50, Bedroom 32, Bedroom 10, Bedroom 49, Bedroom 25, Bedroom 44, Bedroom 52, Bedroom 24, Bedroom 2, Bedroom 59, Bedroom 5, Bedroom 62, Bedroom 21, Bedroom 19, Bedroom 64, Bedroom 15, Bedroom 27, Bedroom 29, Bedroom 39, Bedroom 51, Bedroom 60, Bedroom 34, Bedroom 42, Bedroom 16, Bedroom 63, Bedroom 7, Bedroom 3, Bedroom 23, Bedroom 38, Bedroom 53, Bedroom 57, Bedroom 26, Bedroom 30, Bedroom 58, Bedroom 54, Bedroom 40, Bedroom 61, Bedroom 35, Bedroom 37, Bedroom 17, Bedroom 43, Bedroom 47, Bedroom 20, Bedroom 45, Bedroom 36, Bedroom 22, Bedroom 12, Bedroom 8, Bedroom 6, Bedroom 9, Bedroom 13, Bedroom 48, Bedroom 56, Bedroom 14, Bedroom 31, Bedroom 55, Bedroom 41, Bedroom 11, Bedroom 4, Bedroom 28, Bedroom 18
Parking
40
Elementary school
Grant
Middle school
Wilson
High school
Jefferson
Directions
C street 0.2 miles turn right and in 3.3 miles turn slightly left and in 0.2 miles 16 Aossey Ln on your left
Subdivision
SW Quadrant
Standard status
Active
APN
143425100500000
Size
36,000 SF
Lot size
1.52 Acres
Taxes and HOA fees
Tax Description
As per Abstract
Tax Annual Amount
41422
Legal Description
As per Abstract
Building Details
Year built
1996
Number of units
32
Building materials
Frame
Listing Agency:
Pinnacle Realty LLC
(319) 393-0900
Listed By:
Pacifique Mengi
(319) 350-9476
Added: Jul 2
Changed: Aug 19
Last Checked: Aug 30 at 10:06AM
MLS# 2604724
Copyright © 2026 Cedar Rapids Area Association of REALTORS®. 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.
This multifamily offering includes 32 apartments arranged across four separate 8-unit buildings. Each residence is configured with two bedrooms and one bathroom, providing a consistent unit layout throughout the property. The buildings were constructed in 1996 with frame construction, and the improvements total 36,000 square feet across 1.52 acres. The property is zoned RMF and may be acquired as the full portfolio or as individual 8-unit buildings.
The Cedar Rapids setting places the apartments near shopping, restaurants, schools, parks, and major roadways. The Eastern Iowa Airport is approximately 10 minutes away. The sale includes four parcels, and property showings are conducted by appointment.
The Cedar Rapids setting places the apartments near shopping, restaurants, schools, parks, and major roadways. The Eastern Iowa Airport is approximately 10 minutes away. The sale includes four parcels, and property showings are conducted by appointment.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
331
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Four buildings contain two-bedroom, one-bath apartments in a professionally maintained multifamily setting.
Where is this apartment building located?
The property is located at 16 Aossey Lane SW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 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
