30-Unit Apartment
806 15th Avenue SW, Cedar Rapids, IA 52404
For Sale
$1,900,000
Commercial Sale, Cedar Rapids, IA
Property SizeContact for details
Lot Size0.66 Acres
Days on Market147
Property Features for 806 15th Avenue SW
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
common area laundry facilities
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
MR. LANDMAN
Listed By:
Jon Fisher
(217) 202-0924
Added: Jun 18
Changed: Oct 28
Last Checked: Nov 11 at 5:06PM
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.
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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
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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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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
