30-Unit Apartment
For Sale
$1,900,000
806 15th Avenue SW, Cedar Rapids, IA 52404
MULTI_FAMILY - Cedar Rapids, IA
Property SizeContact for details
Lot Size0.66 Acres
Days on Market52
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 21, Bedroom 12, Bedroom 39, Bathroom 5, Bathroom 11, Bathroom 4, Bedroom 7, Bedroom 45, Bedroom 3, Bedroom 23, Bedroom 34, Bathroom 17, Bedroom 31, Bathroom 6, Bedroom 46, Bathroom 14, Bedroom 41, Bathroom 13, Bedroom 43, Bathroom 18, Bathroom 16, Bedroom 13, Bathroom 30, Bedroom 25, Bathroom 26, Bedroom 8, Bathroom 12, Bathroom 7, Bedroom 38, Bedroom 40, Bathroom 9, Bedroom 44, Bedroom 36, Bathroom 15, Bathroom 25, Bathroom 29, Bathroom 20, Bedroom 24, Bedroom 37, Bedroom 21, Bedroom 29, Bathroom 28, Bedroom 18, Bedroom 15, Bedroom 11, Bedroom 35, Bedroom 20, Bathroom 2, Bathroom 3, Bedroom 5, Bedroom 27, Bedroom 48, Bedroom 47, Bedroom 33, Bedroom 14, Bedroom 4, Bedroom 28, Bedroom 32, Bathroom 23, Bedroom 26, Bathroom 27, Bathroom 24, Bedroom 17, Bathroom 22, Bedroom 2, Bedroom 10, Bedroom 19, Bedroom 16, Bedroom 9, Bathroom 1, Bathroom 10, Bedroom 6, Bedroom 22, Bedroom 1, Bedroom 30, Bedroom 42, Bathroom 19, Bathroom 8
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
off-street parking
common area laundry facilities
Building Details
Year built
1968
Floors in Building
2
Number of units
30
Listing Agency:
MR. LANDMAN
(217) 202-0924
Listed By:
Jon Fisher · License #RB18000549
(217) 202-0924
Added: Jun 18
Changed: Aug 3
Last Checked: Aug 8 at 6:06PM
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.
Investment Insights
Based on property information with market context.
Blue Jay Apartments is a 30-unit, four-building multifamily complex on 0.66 acres in southwest Cedar Rapids. Built in 1968, the property offers a mix of 14 one-bedroom and 16 two-bedroom apartments, plus ample off-street parking and common area laundry facilities.
Ownership has completed significant exterior and mechanical capital improvements since 2021, including new roofs, gutters, soffits, and vinyl siding. In 2024, all four boilers were replaced. Approximately 90% of the units feature updated luxury vinyl plank flooring, and laundry equipment continues to be upgraded.
The property is conveniently located near the 1st Avenue retail corridor with easy access to shopping, healthcare, restaurants, major employers, and transportation routes throughout the Cedar Rapids metro area. Zoning is MULTI, and there is potential to implement RUBS.
Ownership has completed significant exterior and mechanical capital improvements since 2021, including new roofs, gutters, soffits, and vinyl siding. In 2024, all four boilers were replaced. Approximately 90% of the units feature updated luxury vinyl plank flooring, and laundry equipment continues to be upgraded.
The property is conveniently located near the 1st Avenue retail corridor with easy access to shopping, healthcare, restaurants, major employers, and transportation routes throughout the Cedar Rapids metro area. Zoning is MULTI, and there is potential to implement RUBS.
Key Highlights
- Four‑building 30‑unit apartment complex on 0.66 acres
- 14 one‑bedroom and 16 two‑bedroom units
- Common area laundry facilities and ample off‑street parking
Property Analytics
Property Profile
Current Use
Lease Details
30
Residential units
Location Intelligence
Trade Area within ½ mile
313
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-building complex with 14 one-bed and 16 two-bed units, off-street parking, and common area laundry facilities.
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: Four‑building 30‑unit apartment complex on 0.66 acres; 14 one‑bedroom and 16 two‑bedroom units; Common area laundry facilities and ample off‑street parking
