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329 12th Ave SE
Cedar Rapids, IA 52404

The 329 Building · Multifamily Property For Sale · 23 Units

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Investment Highlights

Multi-use investment opportunity
Cedar Valley Nature Trail access

Location in NewBo District
Live, Work and Play designed building

Executive Summary

329 on 12th is a Mixed-Use Investment opportunity located in the heart of the NewBo District in Cedar Rapids, Iowa. Built in 2017, this Class A Investment property consists of 20 market-rate residential apartment units and 9,398 SF of fully leased Commercial Office space. For more information about 329 on 12th or to schedule a showing contact listing broker only. Confidentiality Agreement requirement to view Offering Memorandum, contact listing broker for details.

PROPERTY FACTS

Price Per Unit	$380,340 CAD	Building Class	B
Sale Type	Investment	Lot Size	1.16 AC
No. Units	23	Building Size	34,290 SF
Property Type	Multifamily	Average Occupancy	100%
Property Subtype	Apartment Office Office Residential	No. Stories	3
Apartment Style	Mid Rise	Year Built	2017

Price Per Unit	$380,340 CAD
Sale Type	Investment
No. Units	23
Property Type	Multifamily
Property Subtype	Apartment Office Office Residential
Apartment Style	Mid Rise
Building Class	B
Lot Size	1.16 AC
Building Size	34,290 SF
Average Occupancy	100%
No. Stories	3
Year Built	2017

Unit Amenities

Air Conditioning
Balcony
Cable Ready

Dishwasher
Washer/Dryer
Heating

Tile Floors
Kitchen
Stainless Steel Appliances

Carpet
Breakfast Nook

Site Amenities

24 Hour Access
Controlled Access

Security System
Wi-Fi

Storage Space

Elevator

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	10	-	680 - 889
2+1	5	-	843 - 891
2+2	5	-	1,024 - 1,140

zoning

Zoning Code	C-3 (Commercial and Residential 3+ Units)
C-3 (Commercial and Residential 3+ Units)

Listing ID: 34078451
Date on Market: 2024-12-04
Last Updated:
Address: 329 12th Ave SE, Cedar Rapids, IA 52404

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