Two-Bedroom 8-Unit Apartment Portfolio

16 Aossey Lane SW, Cedar Rapids, IA 52404

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For Sale

$2,100,000

MULTI_FAMILY - Cedar Rapids, IA

Property size:

36,000 SF

Lot size:

1.52 Acres

Price / SF:

$58/SF

We can help!

Contact an agent

Pacifique Mengi

HighLights

32‑unit multifamily property made up of four well‑maintained 8‑unit buildings
Spacious 2‑bedroom, 1‑bath apartments across the 32 units
Year built 1996; frame construction
Available for purchase as a complete 32‑unit portfolio or by individual 8‑unit building
Conveniently located near shopping, restaurants, schools, parks, and major roadways; about 10 minutes from The Eastern Iowa Airport
Includes parcels 14342‑51005‑00000, 14342‑51008‑00000, 14342‑51009‑00000, and 14342‑51004‑00000

For Sale

$2,100,000

MULTI_FAMILY - Cedar Rapids, IA

Property size:

36,000 SF

Lot size:

1.52 Acres

Price / SF:

$58/SF

Added:: Jul 2, 2026
Days on Market:: 5
Last Refresh:: Jul 6 at 5:06 pm

Property Features for 16 Aossey Lane SW

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: RMF
Bedrooms: 4
Rooms: Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2
Parking: 40
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

Building Details

Year built: 1996
Number of units: 32
Building materials: Frame

We can help!

Contact an agent

Pacifique Mengi

Listing agent Pacifique Mengi

Listing office Pinnacle Realty LLC 1110 Dina Ct Suite A, Cedar Rapids, IA

Listing date Jul 2, 2026

MLS# 2604724 Listing URL

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.

HighLights

32‑unit multifamily property made up of four well‑maintained 8‑unit buildings
Spacious 2‑bedroom, 1‑bath apartments across the 32 units
Year built 1996; frame construction
Available for purchase as a complete 32‑unit portfolio or by individual 8‑unit building
Conveniently located near shopping, restaurants, schools, parks, and major roadways; about 10 minutes from The Eastern Iowa Airport
Includes parcels 14342‑51005‑00000, 14342‑51008‑00000, 14342‑51009‑00000, and 14342‑51004‑00000

Overview

This 32-unit multifamily property is arranged as four well-maintained 8-unit buildings. Each unit features a spacious two-bedroom, one-bath layout, providing consistent residential configurations across the portfolio. The offering may be purchased as the complete 32-unit package or separated into individual 8-unit buildings, with financial information and the rent roll available upon request.

The property is located in Cedar Rapids, Iowa, within Linn County, and is zoned RMF. Public remarks indicate convenient access to shopping, restaurants, schools, parks, major roadways, and approximately 10 minutes from The Eastern Iowa Airport.

For investors and operators seeking a stabilized residential income asset, this portfolio’s structure of multiple identical 8-unit buildings can support straightforward management and leasing. Showings are by appointment only, and tenants should not be disturbed. Sale includes the parcels: 14342-51005-00000, 14342-51008-00000, 14342-51009-00000, and 14342-51004-00000.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Cedar Rapids
County: Linn
State: Iowa
Longitude: -91.656507
Latitude: 41.959252

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For sale
Apartment buildings
IA
Cedar Rapids
52404
16 Aossey Lane SW

What type of property is this?

Apartment building - 32-unit multifamily property with spacious two-bedroom, one-bath apartments in four well-maintained eight-unit buildings.

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 made up of four well‑maintained 8‑unit buildings; Spacious 2‑bedroom, 1‑bath apartments across the 32 units; Year built 1996; frame construction

16 Aossey Lane SW, Cedar Rapids, IA 52404

MULTI_FAMILY - Cedar Rapids, IA

Property Features for 16 Aossey Lane SW

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Multi-Use Commercial Facility

Neighborhood Retail Center with Dollar General

Turn-Key Restaurant/Bar with Drive Thru

Modern Office Building with Private Office

Historic Church with Multi-Level Space

Two-Story Office Building

Zoned Commercial Office Building

Commercial Space in Cedar Rapids

Four-Building Multifamily Apartment Complex

Mixed-Use Building with Vacant Storefront

Multi-Use Commercial Investment Opportunity

Flex Building with Warehouse Doors

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