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    Four-Building Multifamily Apartment Complex Title is generated by Realmo AI

    806 15th Avenue SW, Cedar Rapids, IA 52404

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    Claim this Listing
    New
    For Sale
    $1,900,000

    MULTI_FAMILY - Cedar Rapids, IA

    Lot size:
    0.66 Acres
    Added:
    Jun 18, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 18 at 3:06 pm

    Property Features for 806 15th Avenue SW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MULTI
    Bedrooms
    48
    Bathrooms
    30
    Rooms
    Bedroom 14, Bathroom 21, Bedroom 23, Bedroom 16, Bathroom 16, Bedroom 22, Bedroom 31, Bathroom 6, Bedroom 48, Bedroom 2, Bathroom 1, Bedroom 47, Bedroom 37, Bedroom 44, Bedroom 4, Bathroom 2, Bathroom 17, Bedroom 13, Bathroom 27, Bathroom 15, Bathroom 23, Bathroom 10, Bathroom 28, Bathroom 3, Bathroom 19, Bathroom 12, Bedroom 1, Bedroom 35, Bedroom 36, Bedroom 18, Bedroom 6, Bedroom 21, Bedroom 17, Bedroom 7, Bedroom 38, Bathroom 9, Bedroom 33, Bathroom 7, Bedroom 30, Bathroom 11, Bathroom 5, Bedroom 28, Bedroom 32, Bedroom 46, Bedroom 24, Bathroom 14, Bathroom 13, Bathroom 20, Bedroom 42, Bathroom 24, Bedroom 8, Bathroom 25, Bedroom 20, Bedroom 26, Bedroom 5, Bathroom 30, Bathroom 18, Bedroom 12, Bathroom 29, Bedroom 45, Bedroom 34, Bedroom 41, Bedroom 40, Bedroom 3, Bedroom 11, Bedroom 10, Bedroom 9, Bathroom 26, Bedroom 25, Bedroom 15, Bedroom 39, Bedroom 19, Bedroom 43, Bedroom 29, Bathroom 22, Bathroom 8, Bedroom 27, Bathroom 4
    Standard status
    Active
    APN
    143210200200000
    Lot size
    0.66 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    17520

    Building Details

    Year built
    1968
    Floors in Building
    2
    Number of units
    30

    We can help!

    Listing Contact
    Jon Fisher
    Jon Fisher

    Listing agent Jon Fisher License #819440

    Listing office MR. LANDMAN 968 County Road 1000 N, Champaign, IA

    Listing date Jun 18, 2026

    MLS# 12681768 Listing URL

    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.

    HighLights

    • 30‑unit multifamily property in four buildings in southwest Cedar Rapids, IA
    • Unit mix: 14 one‑bedroom and 16 two‑bedroom apartments
    • Recent exterior capital improvements since 2021: new roofs, gutters, soffits, and vinyl siding
    • Boiler replacements: all four boilers replaced in 2024
    • About 90% of units feature updated luxury vinyl plank flooring
    • Common area laundry facilities with ongoing laundry equipment upgrades

    Overview

    Blue Jay Apartments is a four-building multifamily complex totaling 30 residential units, consisting of 14 one-bedroom and 16 two-bedroom apartments. The property includes ample off-street parking and common area laundry facilities for resident use. Since 2021, the current ownership has completed significant capital improvements, including new roofs, gutters, soffits, and vinyl siding. In 2024, all four boilers were replaced. Unit interiors include updated luxury vinyl plank flooring in approximately 90% of the apartments, and laundry equipment continues to be upgraded.

    The complex is located in southwest Cedar Rapids and is described as being near the 1st Avenue retail corridor, with access to shopping, healthcare, restaurants, major employers, and transportation routes across the Cedar Rapids metro area. The remarks also note major data center developments currently under construction nearby.

    For buyers seeking a workforce housing-style apartment asset, Blue Jay Apartments offers a straightforward 30-unit configuration with a mix of one- and two-bedroom layouts, plus a documented record of recent exterior and mechanical work. The combination of updated flooring in most units and ongoing laundry equipment upgrades is intended to help reduce near-term capital needs for the next owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.680222
    Latitude
    41.963197

    FAQs

    What type of property is this?
    Apartment building - 30-unit multifamily property with ample off-street parking, common laundry, and recent exterior and mechanical upgrades.
    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 in four buildings in southwest Cedar Rapids, IA; Unit mix: 14 one‑bedroom and 16 two‑bedroom apartments; Recent exterior capital improvements since 2021: new roofs, gutters, soffits, and vinyl siding
    More about this property
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