For sale

Price cut: $126K (6/5)

$2,999,000

2939 12th Ave SW, Cedar Rapids, IA 52404

--beds

--baths

32,895sqft

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Multi Family

Built in 1975

-- sqft lot

$-- Zestimate^®

$91/sqft

$-- HOA

What's special

Great opportunity to acquire Creekside Apartments. This property, located just off Williams Blvd SW and 16th Ave SW in Cedar Rapids, Iowa, consists of 76 residential apartment units. Unit makeup consists of 17 Studios, 38 1Bd/1Ba, 16 1Bd/1Ba (2 lvl), 4 2Bd/1Ba, and 1 3Bd/2Ba. The sale also includes 13 attached garage units. The property sits on approximately 2.006 Acres of ground and contains 92 surface parking stalls and a common-area laundry room.

116 days

283

11

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Facts & features

Interior

Heating

Electric, Gas

Cooling

Wall/Window Unit(s)

Appliances

Laundry: Common Area

Interior area

Total interior livable area: 32,895 sqft

Video & virtual tour

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Property

Parking

Total spaces: 92
Parking features: Parking Space(s)

Lot

Size: 2.01 Acres
Dimensions: 87381.36

Details

Parcel number: 143038001701062

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding, Frame, Stucco, Wood Siding

Condition

Year built: 1975

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Cedar Rapids

Financial & listing details

Price per square foot: $91/sqft
Annual tax amount: $45,731
Date on market: 3/17/2026

Estimated market value

Not available

Estimated sales range

Not available

$1,220/mo

Price history

Date	Event	Price
6/5/2026	Price change	$2,999,000-4%$91/sqft
Source: CRAAR, CDRMLS #2601834 Report a problem
5/29/2026	Price change	$3,125,000-1.6%$95/sqft
Source: CRAAR, CDRMLS #2601834 Report a problem
5/19/2026	Price change	$3,175,000-3.8%$97/sqft
Source: CRAAR, CDRMLS #2601834 Report a problem
3/16/2026	Listed for sale	$3,300,000$100/sqft
Source: Iowa City Area AOR #202601776 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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