148-Unit Apartment
New
For Sale
Contact for pricing
3710 12th Avenue Southwest, Cedar Rapids, IA 52404
Eleven buildings include a mix of studio, one-bedroom, and two-bedroom apartments, with renovations completed in a portion of the units.
Property SizeContact for details
Days on Market6
Property Features for 3710 12th Avenue Southwest
General Information
Standard status
Active
Net Rentable
111,856 SF
Total Parking Spaces
90
Property subtype
Multifamily
Units
Unit Mix
3 x studio, 45 x 1BR/1BA, 52 x 2BR/1BA, 48 x 2BR/1.5BA
Multifamily Units
148
Additional Details
Average Monthly Rent
$863
Highway Access
Yes
Building Details
Buildings
11
Listed By:
Cy Fox
(515) 415-6109
Source:
Cbre
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 4:20PM
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 Cy Fox
Investment Insights
Based on property information with market context.
The 148-unit apartment property comprises 11 buildings and was constructed between 1966 and 1974. Its unit mix includes 3 studios, 45 one-bedroom/one-bath units, 52 two-bedroom/one-bath units, and 48 two-bedroom/one-and-a-half-bath units. The property contains 111,856 rentable square feet, with an average unit size of 756 square feet, plus 90 garages.
Renovation work includes complete updates to 64 units, featuring new cabinets, countertops, appliances, flooring, and paint. Seven other units received new flooring and painted cabinets, leaving 77 units identified for renovation. Building improvements include four replacement roofs completed in 2021–2022, refreshed common areas in seven buildings during 2024–2025, and newer siding on two middle buildings. A roof and siding were also installed on one building in May 2026.
The property is in southwest Cedar Rapids, with direct access to Highway 100 and Interstate 380. The stated location is within 10 miles of Google's data center campus and QTS Data Centers' development.
Renovation work includes complete updates to 64 units, featuring new cabinets, countertops, appliances, flooring, and paint. Seven other units received new flooring and painted cabinets, leaving 77 units identified for renovation. Building improvements include four replacement roofs completed in 2021–2022, refreshed common areas in seven buildings during 2024–2025, and newer siding on two middle buildings. A roof and siding were also installed on one building in May 2026.
The property is in southwest Cedar Rapids, with direct access to Highway 100 and Interstate 380. The stated location is within 10 miles of Google's data center campus and QTS Data Centers' development.
Key Highlights
- 148 units across 11 buildings; 111,856 rentable square feet
- Unit mix: 3 studios, 45 1BR/1BA, 52 2BR/1BA, and 48 2BR/1.5BA
- 71 units renovated or upgraded; 77 units remain for renovation
Property Analytics
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Current Use
Lease Details
148
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
593
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Eleven buildings include a mix of studio, one-bedroom, and two-bedroom apartments, with renovations completed in a portion of the units.
Where is this apartment building located?
The property is located at 3710 12th Avenue Southwest Cedar Rapids, IA.
What are key features of this property?
This property features: 148 units across 11 buildings; 111,856 rentable square feet; Unit mix: 3 studios, 45 1BR/1BA, 52 2BR/1BA, and 48 2BR/1.5BA; 71 units renovated or upgraded; 77 units remain for renovation
