30-Unit Apartment
For Sale
$1,900,000
806 15th Avenue SW, Cedar Rapids, IA 52404
Four buildings offer a mix of one- and two-bedroom apartments, shared laundry, and off-street parking.
Property Size23,590 SF
Price / SF$80.54
Days on Market129
Property Features for 806 15th Avenue SW
General Information
Standard status
Active
Size
23,590 SF
Property subtype
Commercial
Zoning
MULTI
Units
Unit Mix
14 x 1BR, 16 x 2BR
Multifamily Units
30
Additional Details
Asking Price
$1,900,000
Taxes and HOA fees
Annual Taxes
$17,520
Amenities
common area laundry facilities
off-street parking
Building Details
Building Size
23,590 SF
Year Built
1968
Buildings
4
Stories
2
Units
30
Listing Agency:
MR. LANDMAN
Listed By:
Jon Fisher · License #B68919000
(217) 202-0924
Source:
Fishmangroup
Added: Jun 18
Changed: Oct 23
Last Checked: Oct 23 at 1:23PM
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 MR. LANDMAN
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Investment Insights
Based on property information with market context.
The 23,590-square-foot apartment property comprises four buildings and 30 units: 14 one-bedroom and 16 two-bedroom apartments. Common-area laundry and off-street parking serve the complex. Zoning is MULTI, and the property was built in 1968.
Located in southwest Cedar Rapids, the property is near the 1st Avenue retail corridor, with access to shopping, healthcare, restaurants, major employers, and metro transportation routes. Capital work completed since 2021 includes roofs, gutters, soffits, and vinyl siding; all four boilers were replaced in 2024. Updated luxury vinyl plank flooring is present in approximately 90% of the apartments, and laundry equipment upgrades are ongoing.
Located in southwest Cedar Rapids, the property is near the 1st Avenue retail corridor, with access to shopping, healthcare, restaurants, major employers, and metro transportation routes. Capital work completed since 2021 includes roofs, gutters, soffits, and vinyl siding; all four boilers were replaced in 2024. Updated luxury vinyl plank flooring is present in approximately 90% of the apartments, and laundry equipment upgrades are ongoing.
Key Highlights
- 30 apartments across four buildings
- Unit mix: 14 one‑bedroom and 16 two‑bedroom apartments
- 23,590 square feet; built in 1968
Property Analytics
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Lease Details
30
Residential units
Location Intelligence
Trade Area within ½ mile
348
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 - Four buildings offer a mix of one- and two-bedroom apartments, shared laundry, and off-street parking.
Where is this apartment building located?
The property is located at 806 15th Avenue SW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 30 apartments across four buildings; Unit mix: 14 one‑bedroom and 16 two‑bedroom apartments; 23,590 square feet; built in 1968
