Cedar Rapids, IA Residential Income Properties for Sale

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Updated: Jun 16

Mixed-Use Building with Vacant Storefront

1569 First ave SE, Cedar Rapids, IA 52402

$249,900

2,666 sqft 0.13 AC lot

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

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This listing looks promising.

Here's a quick look at some key insights for

1569 First ave SE, Cedar Rapids, IA 52402

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Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$23K
Annual
Price @ 7% Cap

$322K
Above asking
Property Type

Multi-Family Dwellings
Built 1905

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Updated: Jul 2

Two-Bedroom 8-Unit Apartment Portfolio

16 Aossey Lane SW, Cedar Rapids, IA 52404

$2,100,000

36,000 sqft 1.52 AC lot

32‑unit multifamily property with four well‑maintained 8‑unit buildings
Spacious 2‑bedroom, 1‑bath apartments across the 32 units
Built in 1996 with frame construction materials
Buy as the full 32‑unit portfolio or by individual 8‑unit building
Approximately 10 minutes from The Eastern Iowa Airport

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Zoned RA Redevelopment Parcel

6271 Edgewood Rd SW, Cedar Rapids, IA 52404

$1,499,900

2,064 sqft 2.34 AC lot

Redevelopment-focused parcel offered for sale, with RA zoning and active area infrastructure planning nearby.

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30-Unit Multifamily Apartment Complex

806 15th Avenue SW, Cedar Rapids, IA 52404

$1,900,000

23,590 sqft

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

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Four-Building Multifamily Apartment Complex

806 15th Avenue SW, Cedar Rapids, IA 52404

$1,900,000

0.66 AC lot

30-unit multifamily property with ample off-street parking, common laundry, and recent exterior and mechanical upgrades.

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Cedar Rapids Multifamily Investment

366 7TH Avenue SW, Cedar Rapids, IA 52404

$160,000

1,352 sqft 0.18 AC lot

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

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Creekside Apartments: 76 Units

2939 12th Ave SW, Cedar Rapids, IA 52404

$2,999,000

32,895 sqft 2.01 AC lot

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

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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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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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Mixed-Use Retail and Apartments

1056 5th Avenue SE, Cedar Rapids, IA 52403

$354,999

1,725 sqft

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

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Residential Income Property with Redevelopment Potential

6271 Edgewood Rd Sw, Cedar Rapids, IA 52404

$1,499,900

Investment property currently zoned RA (Residential Agriculture) with noted commercial redevelopment potential.

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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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Corner Loft Condo with Balconies

200 3rd Avenue Sw, Unit 302, Cedar Rapids, IA 52404

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Corner unit with three bedrooms, two-and-a-half baths, two balconies, and 10-foot ceilings.

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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 80 Potential Opportunities for your consideration. Besides 14 Active listings in Cedar Rapids, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 58 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.

Side-by-Side Duplex Income Property

375 - 385 9th Avenue, Marion, IA 52302

$235,000

1,428 sqft 0.17 AC lot

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

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Timberland with Creek and Cottage

1006 Irish Lane, Mount Vernon, IA 52314

$895,000

27.00 AC lot

27-acre property with a 2004 one-bedroom cottage, multiple outbuildings, and a creek on the northwest side.

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Recreational Timber Land with Creek

1000/1006 Irish Lane, Mount Vernon, IA 52314

$2,200,000

70.00 AC lot

70 acres with mature timber, a creek, and a farmhouse plus cottage and multiple outbuildings.

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Side-by-Side Duplex Investment

350 & 352 3rd Ave, Marion, IA 52302

$315,000

Well-maintained two-story duplex with distinct unit mixes, garages, and current leases in place.

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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.

Cedar Rapids Land For Sale

3715 33rd Ave SW #4.8 AC, Cedar Rapids, IA 52404

$525,000

4.80 AC lot

4.8 acres of land in Cedar Rapids, Iowa.

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Cedar Rapids Land Opportunity

3715 33rd Ave SW #5.8 AC, Cedar Rapids, IA 52404

$640,000

5.80 AC lot

5.8 acres of land suitable for residential or commercial development.

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Visible Commercial Lot For Sale

1220 Jacolyn Drive SW, Cedar Rapids, IA 52404

$1,100,000

5.00 AC lot

5 acre commercial lot with high traffic count in Cedar Rapids.

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Residential Land in Cedar Rapids

2215 Kestrel Drive SE, Cedar Rapids, IA 52403

$61,610

0.26 AC lot

Land for sale in Kestrel Heights development, Cedar Rapids, IA.

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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.