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329 12th Ave SE
Cedar Rapids, IA 52404
 The 329 Building · Multifamily Property For Sale · 23 Units

Apartment Buildings Iowa Cedar Rapids 329 12th Ave SE, Cedar Rapids, IA 52404

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INVESTMENT HIGHLIGHTS

  • Multi-use investment opportunity
  • Cedar Valley Nature Trail access
  • Location in NewBo District
  • Live, Work and Play designed building

EXECUTIVE SUMMARY

329 on 12th is a Mixed-Use Investment opportunity located in the heart of the NewBo District in Cedar Rapids, Iowa. Built in 2017, this Class A Investment property consists of 20 market-rate residential apartment units and 9,398 SF of fully leased Commercial Office space. For more information about 329 on 12th or to schedule a showing contact listing broker only. Confidentiality Agreement requirement to view Offering Memorandum, contact listing broker for details.

PROPERTY FACTS

Price Per Unit $352,015 CAD Building Class B
Sale Type Investment Lot Size 1.16 AC
No. Units 23 Building Size 34,290 SF
Property Type Multifamily Average Occupancy 100%
Property Subtype
Apartment
  • Office Office Residential
 No. Stories 3
Apartment Style Mid-Rise Year Built 2017
Zoning C-3 - Commercial and Residential 3+ Units
Price Per Unit $352,015 CAD
Sale Type Investment
No. Units 23
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
Apartment Style Mid-Rise
Building Class B
Lot Size 1.16 AC
Building Size 34,290 SF
Average Occupancy 100%
No. Stories 3
Year Built 2017
Zoning C-3 - Commercial and Residential 3+ Units

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Tile Floors
  • Kitchen
  • Stainless Steel Appliances
  • Carpet
  • Breakfast Nook

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Wi-Fi
  • Storage Space
  • Elevator

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 10 - 680 - 889
2+1 5 - 843 - 891
2+2 5 - 1,024 - 1,140
 

  • Listing ID: 34078451

  • Date on Market: 2024-12-04

  • Last Updated:

  • Address: 329 12th Ave SE, Cedar Rapids, IA 52404

The Downtown Cedar Rapids Multifamily Property at 329 12th Ave SE, Cedar Rapids, IA 52404 is currently available. Contact Q4 Real Estate for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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