319-533-1113

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Apartments - FOR SALE
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3415 1st Ave SE
Cedar Rapids, IA 52402
Kenwood Park


HIGHLIGHTS

  • Great location

OVERVIEW

3403 1st Ave SE, Cedar Rapids, IA 52402/52403 is a three-parcel mixed-use and multifamily investment assemblage totaling 8,338 square feet, originally built in 1930 and situated on approximately 0.73 acres just off a signalized intersection. The property includes three buildings—two actively rented structures with 10 of 12 units occupied and one adjacent parcel currently vacant—making it suitable for continued rental income or a larger redevelopment project. Zoning varies across the parcels, with the primary buildings designated Traditional Mixed-Use Center and an associated parcel zoned Suburban Residential Flex, offering flexibility for future uses. The site features off-street parking, strong visibility, and high traffic counts along 1st Ave SE.

FOR SALE DETAILS

PRICE

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# OF UNITS

13

CAP RATE

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% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

-

APN/PARCEL ID

14113-26006-00000,14113-26007-00000

ASK ABOUT THIS PROPERTY

Annie BradfordHeartland Real Estate Group- Keller Williams LegacMore Info
319-533-1113

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Annie BradfordHeartland Real Estate Group- Keller Williams LegacMore Info
319-533-1113

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.