6-Unit Brick Apartment
For Sale
Contact for pricing
Pending
1600 3rd Ave SE, Cedar Rapids, IA 52403
Solid-brick construction and proximity to retail services support a practical multifamily configuration.
Property SizeContact for details
Days on Market144
Property Features for 1600 3rd Ave SE
General Information
Standard status
Pending
Property subtype
Multifamily
Units
Unit Mix
5 x 1BR, 1 x Studio
Multifamily Units
6
Additional Details
Asking Price
$205,000
Building Details
Year Built
1924
Buildings
1
Construction
solid brick
Listing Agency:
Stanbrough Realty
(515) 689-2612
Listed By:
Ross Quintero · License #S63415000
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 10:58PM
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 Stanbrough Realty
Investment Insights
Based on property information with market context.
This apartment property contains six units within a solid-brick building constructed in 1924. The unit mix includes five one-bedroom apartments and one studio, creating a compact multifamily configuration with varied residential layouts.
The property is located one block north of the 1st Ave retail corridor in Cedar Rapids. Nearby businesses include Hy-Vee, financial institutions, fast-casual restaurants, and service retailers. Existing rents are reported at roughly 8-9% below market, with the source indicating that increases may be possible through minimal updates.
The property is located one block north of the 1st Ave retail corridor in Cedar Rapids. Nearby businesses include Hy-Vee, financial institutions, fast-casual restaurants, and service retailers. Existing rents are reported at roughly 8-9% below market, with the source indicating that increases may be possible through minimal updates.
Key Highlights
- 6‑unit apartment building with five 1BR units and one studio
- Solid‑brick construction dating to 1924
- One block north of the 1st Ave retail corridor
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,054
Businesses Nearby
Explore this area
Business Placement
Demographics for 52403, IA
23,012
Population
10,759
Households
2.1
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
26.3 sq mi
ZIP Area
875
Density / Sq Mi
$73,848
Median Household Income
$46,148
Median Earnings
$857
Median Rent
$190,700
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 - Solid-brick construction and proximity to retail services support a practical multifamily configuration.
Where is this apartment building located?
The property is located at 1600 3rd Ave SE Cedar Rapids, IA.
What are key features of this property?
This property features: 6‑unit apartment building with five 1BR units and one studio; Solid‑brick construction dating to 1924; One block north of the 1st Ave retail corridor
