Skip To Content

16 Aossey Lane SW

Cedar Rapids, IA 52404
  • $2,100,000
  • STATUS: Active
  • ON SITE: 11 Days
  • MLS #: 2604724
UPDATED: 38 min ago
$2,100,000
  • 0
    BEDS
  • 1.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 36,000
    SQFT
  • $58
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1996
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

32-unit multifamily property consisting of four well-maintained 8-unit buildings with spacious 2-bedroom, 1-bath apartments. The property has strong occupancy, consistent rental income, Conveniently located near shopping, restaurants, schools, parks, major roadways, and approximately 10 minutes from The Eastern Iowa Airport. Available for purchase as the complete 32-unit portfolio or by individual 8-unit building. Financial information and the rent roll are available upon request. Showings are by appointment only. Please do not disturb tenants. Sale includes the following parcels: 14342-51005-00000, 14342-51008-00000, 14342-51009-00000, and 14342-51004-00000.

Monthly Payment Calculator

© 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2026-07-14T07:42:35.31.
www.realtybrotherscr.com/homes/178383389
Print Image

16 Aossey Lane SW Cedar Rapids, IA 52404

  • Price: $2,100,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 38 min ago
  • MLS #: 2604724
0
Beds
0
Baths
0
½ Baths
1.52
Acres
36,000
SQFT
$58
$/SQFT
1996
Built
Neighborhood:
SW Quadrant
County:
Linn
Area:
SW Quadrant
Elementary School:
Grant
Middle School:
Wilson
High School:
Jefferson
Property Description
32-unit multifamily property consisting of four well-maintained 8-unit buildings with spacious 2-bedroom, 1-bath apartments. The property has strong occupancy, consistent rental income, Conveniently located near shopping, restaurants, schools, parks, major roadways, and approximately 10 minutes from The Eastern Iowa Airport. Available for purchase as the complete 32-unit portfolio or by individual 8-unit building. Financial information and the rent roll are available upon request. Showings are by appointment only. Please do not disturb tenants. Sale includes the following parcels: 14342-51005-00000, 14342-51008-00000, 14342-51009-00000, and 14342-51004-00000.
Exterior Features

Construction Materials Frame Vinyl Siding Wood Siding Foundation Details Slab Parking Features Parking Space(s) Parking Total 40 Patio And Porch Features Deck Patio

Interior Features

Cooling Wall / Window Unit(s) Cooling YN Yes Heating Hot Water Heating YN Yes Laundry Features In Unit

Property Features

Association YN No Gross Income 370800 Listing Terms Cash Conventional Contract Net Operating Income 168800 Operating Expense 202000 Owner Pays Electricity Gas Water Pets Allowed Yes Possession Closing Property Sub Type Multi Family Property Sub Type Additional Multi Family Sewer Public Sewer Tax Annual Amount 41422 Water Source Public Zoning RMF Zoning Description RMF

Listing information © 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Pacifique Mengi of Pinnacle Realty LLC: 319-393-0900.
© 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2026-07-14T07:42:35.31.
 
https://bt-photos.global.ssl.fastly.net/cedarrapids/1280_boomver_1_2604724-2.jpg https://bt-photos.global.ssl.fastly.net/cedarrapids/1280_boomver_1_2604724-2.jpg https://bt-photos.global.ssl.fastly.net/cedarrapids/1280_boomver_1_2604724-2.jpg
Logo
Rosekrans Stines Team | RE/MAX Concepts
5235 Buffalo Ridge Dr
Cedar Rapids IA, 52411