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2939 SW 12th Avenue Cedar Rapids, IA 52404 • Multi Unit - Multiple • Active

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New - 42 Hours Ago
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Description

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 studio apartments, 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 Acres of ground and contains 92 surface parking stalls.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 7
Bathrooms: 5
County: Linn
High School: Jefferson
Subdivision: Creekside Condos
Listed By:
Q4 Real Estate 319-294-3339 Craig Byers
ICAAR MLS

Units

Unit 1:
Bedrooms: 1
Baths Full: 1
Rent: $615.00
Unit 2:
Bedrooms: 2
Baths Full: 1
Rent: $695.00
Unit 3:
Bedrooms: 3
Baths Full: 2
Rent: $945.00
Unit 4:
Bedrooms: 1
Baths Full: 1
Rent: $525.00
$3,300,000
Est. $20,960/mo
7beds
5baths
New to the Market Active
BEDS7 BATHS5 full MLS#202601776
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCreekside Condos
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Shown By

Agent Name: Carla Werning
 Agent Phone: (319) 360-9173
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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2939 SW 12th Avenue, Cedar Rapids, IA 52404.

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Loan Type FHA 30 Year Fixed30 yr Jumbo
Purchase Price $3,300,000$3,300,000
Down Payment $115,500$660,000
Monthly Mortgage Amount $19,167$15,406
Taxes $4593$4593
Insurance $100$100
HOA/Dues/Fees $0$0
Monthly Mortage Insurance $1,979$0
Monthly Estimated Total $26,700$20,960

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/18/2026. The listing information on this page last changed on 03/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 03/18/2026 4:30:26 AM EST) or MRED MLS (last updated Wed 03/18/2026 2:04:03 AM EST) or SCWMLS (last updated Tue 03/17/2026 11:54:52 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 03/17/2026 10:15:15 PM EST) or Cedar Rapids MLS (last updated Tue 03/17/2026 10:44:14 PM EST) or NEIRBR MLS (last updated Wed 03/18/2026 1:18:39 AM EST) or ICAAR MLS (last updated Tue 03/17/2026 11:37:28 PM EST) or ECIMLS (last updated Tue 03/17/2026 11:44:17 PM EST) or RMLSA (last updated Wed 03/18/2026 1:10:55 AM EST) or Muscatine MLS (last updated Wed 03/18/2026 2:00:20 AM EST) or No Coast MLS (last updated Wed 03/18/2026 12:44:20 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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