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.
For sale
$2,100,000
16 Aossey Ln SW, Cedar Rapids, IA 52404
--beds
--baths
36,000sqft
Multi Family
Built in 1996
-- sqft lot
$-- Zestimate®
$58/sqft
$-- HOA
What's special
- 62 days
- 297
- 12
Zillow last checked:
Listing updated:
Listed by:
Pacifique Mengi 319-343-7771,
Pinnacle Realty LLC
Source: CRAAR, CDRMLS,MLS#: 2604724
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Heating
- Hot Water
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: In Unit
Interior area
- Total interior livable area: 36,000 sqft
Video & virtual tour
Property
Parking
- Total spaces: 40
- Parking features: Parking Space(s)
Features
- Patio & porch: Deck, Patio
Lot
- Size: 1.52 Acres
- Dimensions: 66,018
Details
- Parcel number: 143425100500000
- Zoning: RMF
- Zoning description: RMF
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding, Wood Siding
- Foundation: Slab
Condition
- Year built: 1996
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $58/sqft
- Annual tax amount: $41,422
- Date on market: 7/2/2026
- Listing terms: Cash,Conventional,Contract
Estimated market value
Not available
Estimated sales range
Not available
$1,353/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Listed for sale | $2,100,000$58/sqft |
Source:  CRAAR, CDRMLS #2604724 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 52404
Nearby schools
Schools provided by the listing agent
- Elementary: Grant
- Middle: Wilson
- High: Jefferson
Source: CRAAR, CDRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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