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    Cedar Rapids, IA
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    Cedar Rapids, IA Residential Income Properties for Sale

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    Marion, IA Hiawatha, IA Ely, IA Robins, IA Fairfax, IA Mount Vernon, IA Swisher, IA Toddville, IA
    18 properties
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    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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    Mixed-Use Property with Apartment
    Updated: May 14
    Mixed-Use Property with Apartment

    901 Oakland Road NE, Cedar Rapids, IA 52402

    $345,000
    5,524 sqft 0.38 AC lot
    Main‑level shop space leased through 2029
    Updated 2‑bedroom apartment currently rented
    5,524‑square‑foot mixed‑use property on 0.38 acres
    New parking lot completed in 2025
    All‑new electrical and new main‑level shop furnace installed in 2025
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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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    See what stands out in Linn County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    Improved 4-Unit Multifamily Property
    Improved 4-Unit Multifamily Property

    2841 Cory Ct 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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    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    32-Unit Apartment Building Portfolio
    32-Unit Apartment Building Portfolio

    16 Aossey Lane SW, Cedar Rapids, IA 52404

    $2,100,000
    36,000 sqft

    Four-building multifamily offering with two-bedroom, one-bath apartments and flexible acquisition options.

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    Modified Duplex With Room Rentals
    Modified Duplex With Room Rentals

    1532 D Ave NE A & B, Cedar Rapids, IA 52402

    $226,000
    1,835 sqft

    Upper and lower levels provide five rented rooms, shared common areas, and laundry facilities on each floor.

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    Up-and-Down Duplex with Alley Access
    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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    Historic Five-Story Mixed-Use Building
    Historic Five-Story Mixed-Use Building

    97 3rd Avenue SE, Cedar Rapids, IA 52401

    $12,400,000
    94,760 sqft

    Renovated in 2016 with apartments, commercial space, and interior parking.

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    Creekside Apartments: 76 Units
    Creekside Apartments: 76 Units

    2939 12th Ave SW, Cedar Rapids, IA 52404

    Contact for pricing
    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
    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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    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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    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    Cedar Rapids, IA 52403

    $183,000
    2,299 sqft

    Fully leased unit mix includes three one-bedroom residences and one three-bedroom residence.

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    Historic Multifamily Conversion Property
    Historic Multifamily Conversion Property

    860 17th St SE, Cedar Rapids, IA 52403

    Contact for pricing

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

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    Mixed-Use Development with Retail Suites
    Mixed-Use Development with Retail Suites

    900 3rd St SE, Cedar Rapids, IA 52401

    Contact for pricing

    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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    HUD Apartment Buildings
    HUD Apartment Buildings

    2283 C St SW, Cedar Rapids, IA 52404

    Contact for pricing

    Two Iowa complexes comprise 387 units, with updates to roofs, HVAC, windows, appliances, flooring, and water heaters.

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    6-Unit Brick Apartment Building
    6-Unit Brick Apartment Building

    1600 3rd Ave SE, Cedar Rapids, IA 52403

    Contact for pricing

    Solid-brick construction and proximity to retail services support a practical multifamily configuration.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 18 Active Listings in Cedar Rapids, IA, we suggest to view alternatives - similar 54 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

    $305,000
    Estimated value
    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

    $165,000
    Estimated value
    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

    $160,000
    Estimated value
    2,800 sqft 0.15 AC lot
    View details
    4002 Westover SE Rd
    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
    View details
    4016 21st SW Ave
    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
    View details
    4012 21st SW Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $95,000
    Estimated value
    3,080 sqft 0.23 AC lot
    View details

    Cedar Rapids, IA Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Cedar Rapids, IA, showcased through 18 active listings on our real estate platform. These investment opportunities span a total of 248,667 square feet of properties for sale, with an estimated market value of $26,483,999.

    Sale prices for residential income properties in Cedar Rapids, IA start at $135,000, averaging $2,206,999, and reaching up to $12,400,000 — 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

    Multifamily properties 27
    Apartment buildings 18
    Duplexes 4
    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
    52403 $224.3K
    52402 $355.5K
    52404 $1.3M
    52401 $9.1M

    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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    Most Searched ZIP Codes in Cedar Rapids, IA

    • 52404
    • 52403
    • 52401
    • 52402

    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: 13193678760
    cbhrealty.com

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