Cedar Rapids, IA Multifamily Properties for Sale

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Marion, IA Hiawatha, IA Ely, IA Robins, IA Fairfax, IA Mount Vernon, IA Swisher, IA Solon, IA

19 properties

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Updated: Mar 30

Two-Unit Duplex with Updated Interiors

366 7TH Avenue SW, Cedar Rapids, IA 52404

$160,000

1,352 sqft 0.18 AC lot

Two‑unit duplex on 0.179‑acre lot
1,352 square feet total building size
Built in 1900 frame construction
Each unit has two bedrooms and one bathroom
Consistently occupied with long‑term tenants

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This listing looks promising.

Here's a quick look at some key insights for

366 7TH Avenue SW, Cedar Rapids, IA 52404

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Est. Cap Rate

7.4%
Above avg (5.9%)
Est. NOI

$12K
Annual
Price @ 7% Cap

$169K
Above asking
Property Type

Multi-Family Dwellings
Built 1900

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Updated: Jul 2

32-Unit Apartment Portfolio with Four Buildings

16 Aossey Lane SW, Cedar Rapids, IA 52404

$2,100,000

36,000 sqft 1.52 AC lot

32‑unit portfolio comprising four 8‑unit apartment buildings
Spacious 2‑bedroom, 1‑bath apartment units
Zoned RMF
1.52‑acre lot and approximately 36,000 SF property size
Frame construction built in 1996

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30-Unit Apartment Building

806 15th Avenue SW, Cedar Rapids, IA 52404

$1,900,000

0.66 AC lot

Four-building complex with 14 one-bed and 16 two-bed units, off-street parking, and common area laundry facilities.

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Mixed-Use Retail and Apartments

2900/2912 1st Avenue NE, Cedar Rapids, IA 52402

$625,000

6,884 sqft

Five restored spaces combine leased commercial businesses with two apartments and parking improvements.

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All-Brick Live-Work Building with Rooftop

608 2nd Avenue SE, Cedar Rapids, IA 52401

$950,000

9,660 sqft

Almost 10,000 finished live-work space includes a yoga studio, woodworking shop, multiple massage services, Airbnb studio, and a 4BR apartment.

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Two-Building Multifamily Community

3525 E Ave NW, Cedar Rapids, IA 52405

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24,000 sqft

Two buildings totaling 16 units, owned for more than 20 years and managed as a well-maintained income property.

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Up-and-Down Duplex with Alley Access

1521 Washington, Cedar Rapids, IA 52403

$135,000

2,130 sqft

Up-and-down duplex with two 2-bedroom units and an oversized, alley-accessible backyard for expanded parking options.

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Side-by-Side Duplex Income Property

2902 Johnson Avenue, Cedar Rapids, IA 52405

$250,000

1,465 sqft

Well-maintained side-by-side duplex with two 2-bedroom, 1-bath units and recently updated heating and cooling systems.

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Cedar Rapids Investment Opportunity

100 Hames Street Southwest, Cedar Rapids, IA 52404

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14,000 sqft 207.00 AC lot

Large mobile home community with industrial warehouse and agricultural land.

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Two-Story Mixed-Use Retail and Apartments

1056 5th Ave Se, Cedar Rapids, IA 52403

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3,450 sqft

Two-story mixed-use building with main-floor retail space and two renovated two-bedroom apartments above.

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Creekside Apartments: 76 Units

2939 12th Ave SW, Cedar Rapids, IA 52404

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32,895 sqft 2.01 AC lot

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

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NewBo District Mixed-Use Investment

329 12th Ave Se, Cedar Rapids, IA 52401

$5,800,000

9,398 sqft 1.16 AC lot

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

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Manufactured Home Community Portfolio

5505 6th St SW, Cedar Rapids, IA 52404

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Turn-key portfolio includes 96 manufactured home lots across three Iowa communities with city water, city sewer, and on-site managers.

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Multifamily Apartment Building

120 32nd St NE, Cedar Rapids, IA 52402

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Apartment building with 23 units in the Cedar Rapids metro, with recent updates and a roof maintenance plan.

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Historic Multifamily Conversion Property

860 17th St SE, Cedar Rapids, IA 52403

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Historic property with 44 units plus common areas, a large commercial kitchen, storage, shop, laundry, offices, and garage.

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Retail End-Cap with Outdoor Patio

900 3rd St SE Unit 100, Cedar Rapids, IA 52401

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Ground-floor retail end-cap includes an outdoor patio and is positioned on highly visible 3rd St SE frontage.

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Restaurant End-Cap with Outdoor Patio

900 3rd St SE Unit 700, Cedar Rapids, IA 52401

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South end-cap restaurant space features an outdoor patio, within a mixed-use project offering flexible first-floor commercial suites.

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Mixed-Use Development with Retail Suites

900 3rd St SE Unit 600, Cedar Rapids, IA 52401

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First-floor commercial suites are available in a mixed-use project with 183 market-rate apartments and a south end-cap patio.

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Restaurant End-Cap with Patio

900 3rd St SE Unit Restaura, Cedar Rapids, IA 52401

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South end-cap suite includes an outdoor patio and flexible first-floor commercial suite sizes in a new mixed-use project.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 19 Active Listings in Cedar Rapids, IA, we suggest to view alternatives - similar 53 Off-Market properties to explore as potential leads.

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.

APARTMENT HOUSE (UNDER 5 UNITS)

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

$305,000

Estimated value

5,576 sqft 0.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

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

$165,000

Estimated value

2,800 sqft 0.15 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

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

$160,000

Estimated value

2,800 sqft 0.15 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

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

$195,000

Estimated value

3,456 sqft 0.25 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

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

$80,000

Estimated value

3,080 sqft 0.23 AC lot

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Cedar Rapids, IA Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Cedar Rapids, IA, showcased through 19 active listings on our real estate platform. These investment opportunities span a total of 141,234 square feet of properties for sale, with an estimated market value of $11,920,000.

Sale prices for multifamily properties in Cedar Rapids, IA start at $135,000, averaging $1,490,000, and reaching up to $5,800,000 — 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

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
52403	$245K
52405	$250K
52402	$437.5K
52401	$950K
52404	$1.5M

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)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Linn County

Office

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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Cedar Rapids, IA Multifamily Properties for Sale

366 7TH Avenue SW, Cedar Rapids, IA 52404

16 Aossey Lane SW, Cedar Rapids, IA 52404

806 15th Avenue SW, Cedar Rapids, IA 52404

2900/2912 1st Avenue NE, Cedar Rapids, IA 52402

608 2nd Avenue SE, Cedar Rapids, IA 52401

3525 E Ave NW, Cedar Rapids, IA 52405

1521 Washington, Cedar Rapids, IA 52403

2902 Johnson Avenue, Cedar Rapids, IA 52405

100 Hames Street Southwest, Cedar Rapids, IA 52404

1056 5th Ave Se, Cedar Rapids, IA 52403

2939 12th Ave SW, Cedar Rapids, IA 52404

329 12th Ave Se, Cedar Rapids, IA 52401

5505 6th St SW, Cedar Rapids, IA 52404

120 32nd St NE, Cedar Rapids, IA 52402

860 17th St SE, Cedar Rapids, IA 52403

900 3rd St SE Unit 100, Cedar Rapids, IA 52401

900 3rd St SE Unit 700, Cedar Rapids, IA 52401

900 3rd St SE Unit 600, Cedar Rapids, IA 52401

900 3rd St SE Unit Restaura, Cedar Rapids, IA 52401

Off-Market Properties in Cedar Rapids, IA

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

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

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

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

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

Cedar Rapids, IA Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Office

Property Size Breakdown

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