# 16 Aossey Lane SW, Cedar Rapids, IA 52404 > **TL;DR:** residential multi family, $2,100,000 ($58/sqft), built 1996, 36,000 sqft. Est. $11,232/mo. Listed 124 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,100,000 | | Price/sqft | $58 | | Square Feet | 36,000 | | Year Built | 1996 | | Lot Size | 66,211 sqft (1.52 acres) | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 124 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $10,619 | | Estimated Insurance | $613 | | **Total** | **$11,232** | ## Nearby Schools - **Elementary:** Grant - **Middle:** Wilson - **High:** Jefferson ## Property Highlights - Built in 1996 - 1.52 acre lot - 40 parking spaces ## Description ### Agent 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. ## Location - **Address:** 16 Aossey Lane SW, Cedar Rapids, IA 52404 - **County:** Linn - **Coordinates:** 41.959252, -91.656507 - **Google Maps:** https://www.google.com/maps?q=41.959252,-91.656507 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/cdr/2604724 ## Listing Agent - **Name:** Pacifique Mengi - **Brokerage:** Pinnacle Realty LLC - **Broker Phone:** (319) 350-9476 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/16-Aossey-Ln-SW_Cedar-Rapids_IA_52404_M94489-92396?f=listhub&s=CRAARIA&m=2604724&c=propsimple) ## Photos ![16 Aossey Lane SW - Photo 1](http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f3998786773r.jpg) ![16 Aossey Lane SW - Photo 2](http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f3220125344r.jpg) ![16 Aossey Lane SW - Photo 3](http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f4024748020r.jpg) ![16 Aossey Lane SW - Photo 4](http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f1295209203r.jpg) ![16 Aossey Lane SW - Photo 5](http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f2159809011r.jpg) ![16 Aossey Lane SW - Photo 6](http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f650453586r.jpg) ![16 Aossey Lane SW - Photo 7](http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f454276021r.jpg) ![16 Aossey Lane SW - Photo 8](http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f3429488427r.jpg) ![16 Aossey Lane SW - Photo 9](http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f1153621968r.jpg) ![16 Aossey Lane SW - Photo 10](http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f1313959605r.jpg) ![16 Aossey Lane SW - Photo 11](http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f3798854370r.jpg) ![16 Aossey Lane SW - Photo 12](http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f535718007r.jpg) --- **MLS#:** 2604724 | **Updated:** 2026-10-27 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/16-aossey-lane-sw-cedar-rapids-ia-52404-9a3155807e6849fbb67622b46c56ebb6) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/16-aossey-lane-sw-cedar-rapids-ia-52404-9a3155807e6849fbb67622b46c56ebb6#listing", "url": "https://www.propertysimple.ai/listing/16-aossey-lane-sw-cedar-rapids-ia-52404-9a3155807e6849fbb67622b46c56ebb6", "name": "16 Aossey Lane SW, Cedar Rapids, IA 52404", "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.", "image": [ "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f3998786773r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f3220125344r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f4024748020r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f1295209203r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f2159809011r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f650453586r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f454276021r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f3429488427r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f1153621968r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f1313959605r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f3798854370r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f535718007r.jpg" ], "primaryImageOfPage": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f3998786773r.jpg", "caption": "16 Aossey Lane SW - Cedar Rapids, IA" }, "datePosted": "2026-07-02", "dateModified": "2026-10-27T21:33:38.369Z", "mainEntity": { "@type": "Accommodation", "@id": "https://www.propertysimple.ai/listing/16-aossey-lane-sw-cedar-rapids-ia-52404-9a3155807e6849fbb67622b46c56ebb6#property", "name": "16 Aossey Lane SW, Cedar Rapids, IA 52404", "address": { "@type": "PostalAddress", "streetAddress": "16 Aossey Lane SW", "addressLocality": "Cedar Rapids", "addressRegion": "IA", "postalCode": "52404", "addressCountry": "US" }, "geo": { "@type": "GeoCoordinates", "latitude": 41.959252, "longitude": -91.656507 }, "image": [ "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f3998786773r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f3220125344r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f4024748020r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f1295209203r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f2159809011r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f650453586r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f454276021r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f3429488427r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f1153621968r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f1313959605r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f3798854370r.jpg", "http://lh.rdcpix.com/657dd0e95df65772878d2ea1a0b51908l-f535718007r.jpg" ], "identifier": { "@type": "PropertyValue", "propertyID": "MLS", "value": "2604724" }, "accommodationCategory": "Other", "floorSize": { "@type": "QuantitativeValue", "value": 36000, "unitCode": "FTK", "unitText": "square feet" }, "yearBuilt": 1996, "amenityFeature": [ { "@type": "LocationFeatureSpecification", "name": "Construction Materials", "value": "Frame" } ], "additionalProperty": [ { "@type": "PropertyValue", "name": "Lot Size", "value": "1.52 acres" }, { "@type": "PropertyValue", "name": "Parking Spaces", "value": 40 }, { "@type": "PropertyValue", "name": "Property Subtype", "value": "Other" } ] }, "offers": { "@type": "Offer", "@id": "https://www.propertysimple.ai/listing/16-aossey-lane-sw-cedar-rapids-ia-52404-9a3155807e6849fbb67622b46c56ebb6#offer", "url": "https://www.propertysimple.ai/listing/16-aossey-lane-sw-cedar-rapids-ia-52404-9a3155807e6849fbb67622b46c56ebb6", "price": 2100000, "priceCurrency": "USD", "businessFunction": "http://purl.org/goodrelations/v1#Sell", "availability": "https://schema.org/InStock", "seller": { "@id": "https://www.propertysimple.ai/listing/16-aossey-lane-sw-cedar-rapids-ia-52404-9a3155807e6849fbb67622b46c56ebb6#agent" } }, "provider": { "@type": "Person", "@id": "https://www.propertysimple.ai/listing/16-aossey-lane-sw-cedar-rapids-ia-52404-9a3155807e6849fbb67622b46c56ebb6#agent", "name": "Pacifique Mengi", "worksFor": { "@type": "Organization", "@id": "https://www.propertysimple.ai/listing/16-aossey-lane-sw-cedar-rapids-ia-52404-9a3155807e6849fbb67622b46c56ebb6#brokerage", "name": "Pinnacle Realty LLC", "telephone": "(319) 350-9476", "logo": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/d907f111bbb111e597cb06a720fc6110k-c1673727732r.png" } } } } ```