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    Cedar Rapids, IA
    Multifamily

    Cedar Rapids, IA Multifamily Properties for Sale

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    Marion, IA Hiawatha, IA Robins, IA Ely, IA Fairfax, IA Mount Vernon, IA Swisher, IA Toddville, IA
    Found 21 multifamily property listings for sale in Cedar Rapids, IA, averaging $118/sq ft. Use valuation data to compare deals faster.
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    Remodeled Duplex
    Updated: Nov 4
    Remodeled Duplex

    1931 Mount Vernon Road SE, Cedar Rapids, IA 52403

    $275,000
    1,941 sqft 0.20 AC lot
    1,941‑square‑foot duplex on a 0.2‑acre lot
    Three separate garages
    Both units recently updated with kitchen improvements, new lighting, plumbing fixtures, and appliances
    Separate laundry and mechanical systems for each apartment; occupants pay all utilities
    Large dry basement with exterior access
    View details
    32-Unit Apartment Property
    Updated: Jul 2
    32-Unit Apartment Property

    16 Aossey Lane SW, Cedar Rapids, IA 52404

    $2,100,000
    36,000 sqft 1.52 AC lot
    32‑unit multifamily property across four 8‑unit apartment buildings
    Consistent unit layout with 2‑bedroom, 1‑bath apartments
    36,000 square feet of improvements on 1.52 acres
    RMF zoning and frame construction
    Built in 1996
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    Duplex with Garage Parking
    Duplex with Garage Parking

    3-5 27th Avenue SW, Cedar Rapids, IA 52404

    $249,900
    2,060 sqft 0.31 AC lot

    The upper apartment is unfurnished, while the lower apartment is furnished and includes an in-unit washer and dryer.

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    See hot listings in Cedar Rapids

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Mixed-Use Building with Retail Tenants
    Mixed-Use Building with Retail Tenants

    1420 1st Avenue NE, Cedar Rapids, IA 52402

    $4,500,000
    28,270 sqft

    The property combines market-rate apartments with street-level space occupied by Scooter’s Coffee and Jimmy John’s.

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    Duplex with Garage Parking
    Duplex with Garage Parking

    4-6 27th Avenue SW, Cedar Rapids, IA 52404

    $249,900
    1,997 sqft 0.21 AC lot

    The two residences each offer two bedrooms and one bathroom, with one unit furnished and equipped with in-unit laundry.

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    Fourplex with Separately Leased Garage
    Fourplex with Separately Leased Garage

    1320 1st Avenue NW, Cedar Rapids, IA 52405

    $150,000
    2,361 sqft 0.16 AC lot

    Two one-bedroom apartments and two efficiency units are occupied on month-to-month leases.

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    Two-Unit Duplex
    Two-Unit Duplex

    366 7th Avenue SW, Cedar Rapids, IA 52404

    $165,000
    1,352 sqft 0.18 AC lot

    Both residences offer two bedrooms, one bathroom, and established tenant occupancy.

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    Duplex with Separate Utilities
    Duplex with Separate Utilities

    339 30th Street Drive SE, Cedar Rapids, IA 52403

    $177,000
    1,698 sqft

    Two-unit residential property with individual utility service, in-unit appliances, basement storage, and attached garage improvements.

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    30-Unit Apartment Complex
    30-Unit Apartment Complex

    806 15th Avenue SW, Cedar Rapids, IA 52404

    $1,900,000
    0.66 AC lot

    Four buildings offer one- and two-bedroom layouts with shared laundry and off-street parking.

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    Duplex with Garages and Storage
    Duplex with Garages and Storage

    327 30th Street Drive SE, Cedar Rapids, IA 52403

    $177,000
    1,628 sqft

    Two-unit property with separate utilities, tenant appliance packages, basement storage, and dedicated parking.

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    Updated Duplex with Garages
    Updated Duplex with Garages

    333 30th Street Drive SE, Cedar Rapids, IA 52403

    $177,000
    1,728 sqft

    Separate utility systems support tenant-paid utility arrangements.

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    Two-Story Mixed-Use Retail and Apartments
    Two-Story Mixed-Use Retail and Apartments

    1056 5th Ave SE, Cedar Rapids, IA 52403

    $354,999
    3,450 sqft

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

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    Mixed-Use Retail and Apartments
    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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    Renovated Apartment Building
    Renovated Apartment Building

    210 19th St. NE, Cedar Rapids, IA 52402

    $2,000,000
    8,520 sqft

    Updated apartment interiors and mechanical systems support a refreshed multifamily property.

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    Multifamily Property with Off-Street Parking
    Multifamily Property with Off-Street Parking

    1601-1607 Centerpoint Rd NE, Cedar Rapids, IA 52402

    $1,300,000
    7,168 sqft

    Two-bedroom residences offer central air, shared laundry, and dedicated parking.

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    Improved 4-Unit Multifamily Property
    Improved 4-Unit Multifamily Property

    2841 Cory Court SW, Cedar Rapids, IA 52404

    $315,000
    3,492 sqft

    Fully leased residences offer two bedrooms, one bathroom, and off-street parking per unit.

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    The Medallion Apartments
    The Medallion Apartments

    1311 Oakland Rd, Cedar Rapids, IA 52402

    $2,750,000
    18,351 sqft

    Apartment property with a documented 15-year ownership history.

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    Cedar Rapids Investment Opportunity
    Cedar Rapids Investment Opportunity

    100 Hames Street Southwest, Cedar Rapids, IA 52404

    Contact for pricing
    14,000 sqft 207.00 AC lot

    Large mobile home community with industrial warehouse and agricultural land.

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    Two-Unit Duplex with Separate Entrances
    Two-Unit Duplex with Separate Entrances

    1228 6th Ave SE, Cedar Rapids, IA 52403

    $75,000
    1,682 sqft

    Two levels offer distinct living areas, each with a full bathroom and kitchen facilities.

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    148-Unit Apartment Building
    148-Unit Apartment Building

    3710 12th Avenue Southwest, Cedar Rapids, IA 52404

    Contact for pricing

    Eleven buildings include a mix of studio, one-bedroom, and two-bedroom apartments, with renovations completed in a portion of the units.

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    24-Unit Apartment Portfolio
    24-Unit Apartment Portfolio

    1810 A Avenue NE, Cedar Rapids, IA 52402

    Contact for pricing

    Two neighboring buildings provide a balanced mix of one- and two-bedroom apartments.

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    21 active listings match your search: Multifamily for sale in Cedar Rapids, IA. Based on your search, we've also compiled 51 Potential Opportunities for your consideration: 51 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.

    1630 1st NE Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    Estimated value:
    $305,000
    5,576 sqft 0.17 AC lot
    View details
    1024 Ellis NW Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    Estimated value:
    $165,000
    2,800 sqft 0.15 AC lot
    View details
    1020 Ellis NW Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    Estimated value:
    $160,000
    2,800 sqft 0.15 AC lot
    View details

    Cedar Rapids, IA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Cedar Rapids, IA, showcased through 21 active listings on our real estate platform. These investment opportunities span a total of 142,582 square feet of properties for sale, with an estimated market value of $17,540,799.

    Sale prices for multifamily properties in Cedar Rapids, IA start at $75,000, averaging $974,488, and reaching up to $4,500,000 — 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 13
    Duplexes 11
    Quadplexes 2
    Mobile home & RV parks 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 $150K
    52403 $192.2K
    52404 $1.2M
    52402 $2.2M

    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 Residential Income pricing trends in Linn County

    Residential Income

    Property Size Breakdown

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

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Cedar Rapids, IA

    • 52404
    • 52403
    • 52402
    • 52405

    Featured Cedar Rapids Real Estate Agencies

    Realmo connects you with licensed Cedar Rapids CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Coldwell Banker Hedges
    5408 Blairs Forest Way NE Cedar Rapids, IA 52402
    Phone: (319) 367-8760
    cbhrealty.com
    Iowa Realty
    100 1st Ave NE Suite 116 Cedar Rapids, IA 52401
    Phone: (319) 393-4900
    www.iowarealty.com/
    Skogman Realty
    417 1st Ave SE Cedar Rapids, IA
    Phone: (319) 366-6427
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