About This Home

This -bedroom, 0-bathroom residential multi family at 16 Aossey Lane SW in Cedar Rapids, IA is listed for $2,100,000 ($58 per sqft). Built in 1996, the home offers 36,000 sqft of living space on a 1.52 acres lot.

Key Features

  • Built in 1996
  • 1.52 acre lot
  • 40 parking spaces

Property Details

40 spaces
1996
Listing 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 Cost Estimate

$11,231/mo

20% down · 6.5% · 30 years

Principal$1,519
Interest$9,100
Insurance$613

Estimates only. Actual payments may vary.

Location

16 Aossey Lane SW

Cedar Rapids, IA 52404

Property Details

Construction

Frame

Questions & Answers

This null-bedroom, 0-bathroom residential multi family at 16 Aossey Lane SW is listed at $2,100,000 ($58/sqft). The estimated monthly payment is $11,232 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1996, 1.52 acre lot, 40 parking spaces.

This property is listed by Pacifique Mengi.

PM

Pacifique Mengi

Agent at Pinnacle Realty LLC

Listed by Pinnacle Realty LLC · Broker phone: (319) 350-9476 · View on Broker Site · Broker website

MLS# 2604724· Source: Cedar Rapids Area Association of REALTORS®· 120 days on PropertySimple

Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

16 Aossey Lane SW, Cedar Rapids, IA 52404

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