30-Unit Apartment
For Sale
$1,900,000
806 15th Avenue SW, Cedar Rapids, IA 52404
Commercial Sale, Cedar Rapids, IA
Property SizeContact for details
Lot Size0.66 Acres
Days on Market102
Property Features for 806 15th Avenue SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
48
Bathrooms
30
Full bathrooms
30
Rooms
Bathroom 4, Bedroom 12, Bedroom 9, Bathroom 6, Bathroom 2, Bathroom 13, Bathroom 16, Bedroom 22, Bedroom 11, Bathroom 29, Bedroom 14, Bathroom 30, Bathroom 12, Bedroom 44, Bedroom 10, Bathroom 20, Bathroom 9, Bathroom 15, Bathroom 22, Bathroom 27, Bedroom 41, Bedroom 18, Bedroom 20, Bedroom 4, Bedroom 36, Bedroom 39, Bedroom 47, Bathroom 23, Bedroom 5, Bedroom 48, Bathroom 19, Bathroom 11, Bedroom 27, Bathroom 7, Bathroom 10, Bathroom 25, Bedroom 33, Bedroom 3, Bedroom 38, Bathroom 21, Bedroom 45, Bedroom 6, Bedroom 16, Bedroom 35, Bedroom 2, Bedroom 42, Bedroom 43, Bedroom 26, Bedroom 29, Bedroom 30, Bedroom 31, Bedroom 21, Bathroom 17, Bedroom 13, Bedroom 24, Bedroom 25, Bathroom 24, Bedroom 15, Bathroom 28, Bathroom 1, Bathroom 18, Bedroom 34, Bathroom 5, Bedroom 7, Bedroom 37, Bedroom 28, Bathroom 8, Bedroom 23, Bedroom 19, Bathroom 3, Bedroom 17, Bedroom 46, Bedroom 40, Bedroom 8, Bathroom 14, Bedroom 32, Bathroom 26, Bedroom 1
Directions
Take 6th street south to 15th Avenue SW. Turn west and property will be on the north side of the road.
Subdivision
Out of Area South
Standard status
Active
APN
143210200200000
Lot size
0.66 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17520
Amenities
common area laundry facilities
off-street parking
Building Details
Year built
1968
Floors in Building
2
Number of units
30
Listing Agency:
MR. LANDMAN
Listed By:
Jon Fisher · License #B68919000
(217) 202-0924
Added: Jun 18
Changed: Sep 15
Last Checked: Sep 27 at 7:06AM
MLS# 12681768
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1968, this multifamily property includes 30 apartments across four buildings on 0.66 acres. The unit mix consists of 14 one-bedroom homes and 16 two-bedroom homes, supported by common-area laundry facilities and off-street parking.
Capital work has included new roofs, gutters, soffits, and vinyl siding completed since 2021. All four boilers were replaced in 2024, while approximately 90% of the apartments have updated luxury vinyl plank flooring. Laundry equipment upgrades are also underway.
The property is located at 806 15th Avenue SW in southwest Cedar Rapids, near the 1st Avenue retail corridor. Shopping, healthcare, restaurants, major employers, and transportation routes serving the Cedar Rapids metro area are accessible from the property. Zoning is MULTI.
Capital work has included new roofs, gutters, soffits, and vinyl siding completed since 2021. All four boilers were replaced in 2024, while approximately 90% of the apartments have updated luxury vinyl plank flooring. Laundry equipment upgrades are also underway.
The property is located at 806 15th Avenue SW in southwest Cedar Rapids, near the 1st Avenue retail corridor. Shopping, healthcare, restaurants, major employers, and transportation routes serving the Cedar Rapids metro area are accessible from the property. Zoning is MULTI.
Key Highlights
- 30‑unit multifamily property across four buildings on 0.66 acres
- Unit mix includes 14 one‑bedroom and 16 two‑bedroom apartments
- New roofs, gutters, soffits, and vinyl siding completed since 2021
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
30
Residential units
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Four buildings offer one- and two-bedroom layouts with 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‑unit multifamily property across four buildings on 0.66 acres; Unit mix includes 14 one‑bedroom and 16 two‑bedroom apartments; New roofs, gutters, soffits, and vinyl siding completed since 2021
