32-Unit Apartment Building
For Sale
$2,100,000
16 Aossey Lane SW, Cedar Rapids, IA 52404
Four-building multifamily offering with two-bedroom, one-bath apartments and flexible acquisition options.
Property Size36,000 SF
Price / SF$58.33
Days on Market107
Property Features for 16 Aossey Lane SW
General Information
Standard status
Active
Size
36,000 SF
Total Parking Spaces
40
Property subtype
Multi-Family
Zoning
RMF
Units
Unit Mix
32 x 2BR/1BA
Multifamily Units
32
Taxes and HOA fees
Annual Taxes
$41,422
Amenities
Yes
In Unit
Public
1.52
40
66,018
Parking Space(s)
Slab
Building Details
Year Built
1996
Buildings
4
Listing Agency:
Pinnacle Realty LLC
(319) 393-0900
Listed By:
Pacifique Mengi
(319) 343-7771
Source:
Pinnaclerealtyia
Added: Jul 2
Changed: Oct 6
Last Checked: Oct 16 at 6:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Realty LLC
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Investment Insights
Based on property information with market context.
This multifamily property includes 32 apartments arranged across four well-maintained buildings, with eight units in each structure. Every apartment offers two bedrooms and one bathroom. The buildings date to 1996 and provide a combined 36,000 square feet of residential space.
The property is located at 16 Aossey Lane SW in Cedar Rapids, near shopping, restaurants, schools, parks, and major roadways. The Eastern Iowa Airport is approximately 10 minutes away. The offering can be acquired as the full 32-unit portfolio or as individual 8-unit buildings. The sale includes parcels 14342-51005-00000, 14342-51008-00000, 14342-51009-00000, and 14342-51004-00000. Showings are by appointment, with tenant privacy requested.
The property is located at 16 Aossey Lane SW in Cedar Rapids, near shopping, restaurants, schools, parks, and major roadways. The Eastern Iowa Airport is approximately 10 minutes away. The offering can be acquired as the full 32-unit portfolio or as individual 8-unit buildings. The sale includes parcels 14342-51005-00000, 14342-51008-00000, 14342-51009-00000, and 14342-51004-00000. Showings are by appointment, with tenant privacy requested.
Key Highlights
- 32‑unit multifamily property totaling 36,000 square feet
- Four 8‑unit apartment buildings
- Two‑bedroom, one‑bath apartment layouts
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Four-building multifamily offering with two-bedroom, one-bath apartments and flexible acquisition options.
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 totaling 36,000 square feet; Four 8‑unit apartment buildings; Two‑bedroom, one‑bath apartment layouts
