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24-Unit Apartment Portfolio

1810 A Avenue NE, Cedar Rapids, IA 52402

For Sale
Contact for pricing

Two neighboring buildings provide a balanced mix of one- and two-bedroom apartments.

Property SizeContact for details
Days on Market12

Property Features for 1810 A Avenue NE

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 12 x 1BR, 12 x 2BR
Multifamily Units 24

Additional Details

Highway Access Yes
Tenant in Place Yes

Building Details

Buildings 2
Listing Agency: Stanbrough Realty
Listed By: Ross Quintero · License IA S63415000
Source: Crexi
Added: Oct 29 Changed: Nov 8 Last Checked: Nov 8 at 5:10PM

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

Rey
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Investment Insights

Based on property information with market context.

The property comprises 24 apartments in two buildings on neighboring parcels in Cedar Rapids. One building contains 12 one-bedroom units, while the other has 12 two-bedroom units. Recent work includes roof replacement, extensive asphalt paving, and deck reinforcement.

The buildings are near the 1st Avenue NE retail corridor and Mount Mercy University. St. Luke’s and Mercy hospitals are each within one mile, with Interstate 380 and downtown Cedar Rapids accessible from the property.

Key Highlights

  • 24 apartments across two buildings on neighboring parcels
  • One building has 12 one‑bedroom apartments; the other has 12 two‑bedroom apartments
  • Recent improvements include new roofs, extensive asphalt paving, and deck reinforcement

Property Analytics

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Lease Details

24
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

776
Businesses Nearby

Demographics for 52402, IA

42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two neighboring buildings provide a balanced mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 1810 A Avenue NE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 24 apartments across two buildings on neighboring parcels; One building has 12 one‑bedroom apartments; the other has 12 two‑bedroom apartments; Recent improvements include new roofs, extensive asphalt paving, and deck reinforcement
(515) 689-2612 Call to check price and availability
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