Cedar Rapids, IA
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    Cedar Rapids, IA Multifamily Properties for Sale

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    Marion, IA Hiawatha, IA Robins, IA
    13 listings
    Four-Building Multifamily Apartment Complex
    $1,900,000
    0.66 Acres
    Four-Building Multifamily Apartment Complex

    806 15th Avenue SW, Cedar Rapids, IA 52404

    30-unit multifamily property with ample off-street parking, common laundry, and recent exterior and mechanical upgrades.
    • 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
    Updated: Jun 18
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    Mixed-Use Building with Vacant Storefront
    $249,900
    2,666 SF
    Mixed-Use Building with Vacant Storefront

    1569 First ave SE, Cedar Rapids, IA 52402

    Mixed-use building with a vacant commercial storefront and four apartments, two occupied and two ready to lease.
    • 2,666 sq. ft. mixed‑use property built in 1905 with a vacant commercial storefront and four residential apartments
    • Residential unit mix: two currently occupied and two ready for leasing
    • Commercial space on 1st Ave SE with off‑street parking included
    • Recent updates include fresh paint and updated flooring
    • Roof materials: shingle and membrane
    Updated: Jun 16
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    Historic Mixed-Use Investment Opportunity
    $425,000
    4,647 SF
    Historic Mixed-Use Investment Opportunity

    Mixed-use property with income potential in Cedar Rapids' Czech Village.

    219 16th Avenue SE, Cedar Rapids, IA 52401

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    Cedar Rapids Multifamily Investment
    $160,000
    1,352 SF
    Cedar Rapids Multifamily Investment

    Well-maintained duplex with immediate cash flow and long-term appreciation.

    366 7TH Avenue SW, Cedar Rapids, IA 52404

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    Updated Duplex in CedarRapids
    $235,000
    1,508 SF
    Updated Duplex in CedarRapids

    Well-maintained duplex with updated features and rental income.

    Cedar Rapids, IA 52405

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    Cedar Rapids Investment Opportunity
    Contact for pricing
    14,000 SF
    Cedar Rapids Investment Opportunity

    Large mobile home community with industrial warehouse and agricultural land.

    100 Hames Street Southwest, Cedar Rapids, IA 52404

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    Historic Mixed-Use Property in Bohemia
    $425,000
    4,647 SF
    Historic Mixed-Use Property in Bohemia

    Mixed-use property with income potential in Cedar Rapids' Czech Village.

    219 16th Ave Se, Cedar Rapids, IA 52404

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    30-Unit Multifamily Apartment Complex
    $1,900,000
    23,590 SF
    30-Unit Multifamily Apartment Complex

    Well-maintained four-building apartment complex with updated interiors, off-street parking, and on-site laundry facilities.

    806 15th Avenue SW, Cedar Rapids, IA 52404

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    Mixed-Use Retail and Apartments
    $354,999
    1,725 SF
    Mixed-Use Retail and Apartments

    Two-story mixed-use building with main-floor retail space and two renovated apartments above, plus a dedicated rear parking lot.

    1056 5th Avenue SE, Cedar Rapids, IA 52403

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    Two-Story Mixed-Use Building
    $354,999
    3,450 SF
    Two-Story Mixed-Use Building

    Two-story mixed-use property with ground-floor retail and two renovated two-bedroom apartments above, plus included rear parking lot.

    1056 5th Ave Se, Cedar Rapids, IA 52403

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    Creekside Apartments: 76 Units
    $3,300,000
    32,895 SF
    Creekside Apartments: 76 Units

    76-unit apartment complex in Cedar Rapids, Iowa for sale.

    2939 12th Ave SW, Cedar Rapids, IA 52404

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    Cedar Rapids Multifamily Investment Opportunity
    $705,000
    Cedar Rapids Multifamily Investment Opportunity

    Two six-unit buildings with garages, value-add potential.

    361 30th St Dr SE, Cedar Rapids, IA 52403

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    NewBo District Mixed-Use Investment
    $5,800,000
    29,240 SF
    NewBo District Mixed-Use Investment

    Mixed-use investment property in Cedar Rapids' NewBo District.

    329 SE 12th Avenue, Cedar Rapids, IA 52403

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 13 Active listings in Cedar Rapids, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    New Multifamily Property in Hiawatha
    $850,000
    5,250 SF
    New Multifamily Property in Hiawatha

    Newly constructed triplex with immediate income and strong hold potential.

    225 Clymer Road, Hiawatha, IA 52233

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    Side-by-Side Duplex Income Property
    $235,000
    1,428 SF
    Side-by-Side Duplex Income Property

    Two adjacent units each with private patio, carport, and outdoor storage, with annual leases and tenant-paid utilities.

    375 - 385 9th Avenue, Marion, IA 52302

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    Side-by-Side Two-Story Duplexes
    $315,000
    2,208 SF
    Side-by-Side Two-Story Duplexes

    Two side-by-side duplex units in Marion, each with garages and off-street parking.

    350 & 352 3rd Ave, Marion, IA 52302

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    Multifamily Triplex in Hiawatha
    $850,000
    5,250 SF
    Multifamily Triplex in Hiawatha

    Multifamily property featuring three units in Hiawatha, Iowa.

    225 Clymer Rd, Hiawatha, IA 52233

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Improved Residential Lot Ready-to-Go
    Contact for pricing
    Improved Residential Lot Ready-to-Go

    Affordable, improved corner lot in Davis City, Iowa.

    SE Corner W High Street, Davis City, IA 50065

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    Bethany Land Ready For Development
    $300,000
    10.00 Acres
    Bethany Land Ready For Development

    10-acre commercial property with development potential near I-35.

    0 N 41st St, Bethany, MO 64424

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    Buildable Residential Lot with Pines
    $35,000
    2.45 Acres
    Buildable Residential Lot with Pines

    A wooded 2.45-acre lot with electric and fiber available at the lot line, suited for a home or cabin.

    Bollig Court lot: 2, Nekoosa, WI 54457

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    Land For Sale, Lakemoor, IL
    Contact for pricing
    0.12 Acres
    Land For Sale, Lakemoor, IL

    Commercial land available in Lakemoor, Illinois.

    27 Oyster Bay, Lakemoor, IL 60051

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    Off-Market Properties in Cedar Rapids, IA

    Consider similar Off-Market properties in Cedar Rapids, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1630 1st NE Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    5,576 SF Lot: 0.17 Acres
    Value Estimation by Request

    1630 1st NE Ave, Cedar Rapids, IA 52402-5488

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    1024 Ellis NW Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,800 SF Lot: 0.15 Acres
    Value Estimation by Request

    1024 Ellis NW Blvd, Cedar Rapids, IA 52405-2551

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    1020 Ellis NW Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,800 SF Lot: 0.15 Acres
    Value Estimation by Request

    1020 Ellis NW Blvd, Cedar Rapids, IA 52405-2553

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    4002 Westover SE Rd
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,456 SF Lot: 0.25 Acres
    Value Estimation by Request

    4002 Westover SE Rd, Cedar Rapids, IA 52403-1078

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    4016 21st SW Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,080 SF Lot: 0.23 Acres
    Value Estimation by Request

    4016 21st SW Ave, Cedar Rapids, IA 52404-6313

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    4012 21st SW Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,080 SF Lot: 0.23 Acres
    Value Estimation by Request

    4012 21st SW Ave, Cedar Rapids, IA 52404-6312

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    4004 Westover SE Rd
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,428 SF Lot: 0.25 Acres
    Value Estimation by Request

    4004 Westover SE Rd, Cedar Rapids, IA 52403-1080

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    1617 A NE Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,944 SF Lot: 0.17 Acres
    Value Estimation by Request

    1617 A NE Ave, Cedar Rapids, IA 52402-5401

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    941 M SW St
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,400 SF Lot: 0.19 Acres
    Value Estimation by Request

    941 M SW St, Cedar Rapids, IA 52404-2701

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    4016 Westover SE Rd
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,428 SF Lot: 0.25 Acres
    Value Estimation by Request

    4016 Westover SE Rd, Cedar Rapids, IA 52403-1057

    View details
    4018 Westover SE Rd
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,428 SF Lot: 0.24 Acres
    Value Estimation by Request

    4018 Westover SE Rd, Cedar Rapids, IA 52403-1056

    View details

    Cedar Rapids, IA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Cedar Rapids, IA, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 119,720 square feet of properties for sale, with an estimated market value of $123,204,898.

    Sale prices for multifamily properties in Cedar Rapids, IA start at $160,000, averaging $11,200,445, and reaching up to $110,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 7
    Duplexes 4
    Mobile home & RV parks 1
    Quadplexes 1

    Demographics Overview

    Population 145K
    Population Growth (5Y) +3.0%
    Median Household Income $72,941
    College Educated 21.6%

    High-Yield Neighborhoods for Investment

    Identify Cedar Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    52405 $235K
    52401 $425K
    52404 $971.3K
    52403 $3.3M

    Taxes & Financing

    Tax Rate (average for all types) 3.09%
    Property Tax per SF $27.54 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Linn County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Cedar Rapids fall within the 100,000+ square foot range.

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