148-Unit Apartment Property with
3635 12th Avenue Southwest, Cedar Rapids, IA 52404
For Sale
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A multi-building rental community includes a mix of studio, one-bedroom, and two-bedroom apartments, with renovated units and garage parking.
Property SizeContact for details
Days on Market40
Property Features for 3635 12th Avenue Southwest
General Information
Standard status
Net Rentable
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Average Monthly Rent
Building Details
Buildings
Listing Agency:
CBRE - Des Moines
Listed By:
Ray Hamilton · License IA S66838000
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 8 at 5:26PM
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 CBRE - Des Moines
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The 148-unit apartment property comprises 11 buildings and offers studios, one-bedroom/one-bath units, two-bedroom/one-bath units, and two-bedroom/one-and-a-half-bath units. Average unit size is 756 square feet, with 111,856 rentable square feet overall. The property includes 90 garages. Built between 1966 and 1974, the community has 71 renovated units, representing 48% of the total.
Renovation work included new cabinets, countertops, appliances, flooring, and paint in 64 units; seven additional apartments received flooring and cabinet updates. Four roofs were replaced in 2021–2022, and Building 3430 received a new roof and siding in May 2026. Two middle buildings have newer siding, while common areas in seven buildings were repainted in 2024–2025.
Renovation work included new cabinets, countertops, appliances, flooring, and paint in 64 units; seven additional apartments received flooring and cabinet updates. Four roofs were replaced in 2021–2022, and Building 3430 received a new roof and siding in May 2026. Two middle buildings have newer siding, while common areas in seven buildings were repainted in 2024–2025.
Key Highlights
- 148 apartments across 11 buildings
- 71 renovated units, or 48% of the property
- Unit mix: 3 studios, 45 one‑bedroom/one‑bath, 52 two‑bedroom/one‑bath, and 48 two‑bedroom/one‑and‑a‑half‑bath apartments
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Lease Details
148
Residential units
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
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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 - A multi-building rental community includes a mix of studio, one-bedroom, and two-bedroom apartments, with renovated units and garage parking.
Where is this apartment building located?
The property is located at 3635 12th Avenue Southwest Cedar Rapids, IA.
What are key features of this property?
This property features: 148 apartments across 11 buildings; 71 renovated units, or 48% of the property; Unit mix: 3 studios, 45 one‑bedroom/one‑bath, 52 two‑bedroom/one‑bath, and 48 two‑bedroom/one‑and‑a‑half‑bath apartments
