$5,800,000
$4M PRICE INCREASE

329 12th Ave SE Cedar Rapids, IA 52401

Oak Hill Jackson Neighborhood

Estimated payment $36,702/month

Total Views 17,312
6 Beds
6 Baths
22,860 Sq Ft
$254 Price per Sq Ft

Highlights

  • The community has rules related to allowing live work
  • Living Room
  • Central Air
  • Brick or Stone Mason
  • Property is near shops
  • Dining Room

About This Home

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 required to view the Offering Memorandum, contact listing broker.

Listing Agent

Craig Byers

Q4 Real Estate Listed on: 12/04/2024

Q4 Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2017

Parking

  • 1 Parking Space

Home Design

  • Brick or Stone Mason
  • Frame Construction

Interior Spaces

  • 22,860 Sq Ft Home
  • Elevator
  • Ceiling Fan
  • Living Room
  • Dining Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Stepless Entry

Location

  • Property is near shops
  • Property is near a bus stop

Schools

  • Grant Wood Elementary School
  • Mckinley Middle School
  • Washington High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 142732702401000 - Multiple

Community Details

Overview

  • Association fees include bldg&liability insurance, exterior maintenance, garbage pickup, grounds maintenance, heating/cooling, pest control/termite, security, sewer, water
  • 23 Units
  • Se Quadrant Subdivision
  • The community has rules related to allowing live work

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Security
  • Electric Expense $197
  • Fuel Expense $197
  • Insurance Expense $15,500
  • Maintenance Expense $8,171
  • Water Sewer Expense $468
  • Gross Income $238,813

Property Details

Home Type

Multi-Family

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: 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 required to view the Offering Memorandum, contact listing broker.
  • Year Built: 2017
  • Zero Step Entry: Yes
  • Tax Year Report: 2023
  • Subdivision: SE Quadrant
  • Rental Permit: Yes
  • Water Annually: 468
  • Directions: SW corner of 12th Avenue SE and 4th Street SE in NewBo District, overlooking the NewBo City Market.
  • L O1 Dues Paid: y
  • Amenities: Pet Policy, Security, Sidewalks, Street Lights, Close to Shopping, On Bus Line, Live/Work
  • Basement Remarks: See Remarks
  • Possession R: Negotiable
  • Possible Finance R: 1031 Exchange, Cash
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Microwave, Washer
  • Elevators: Yes
  • Sq Ft Above: 22860
  • Lower Level Sq Ft: 11430

Exterior Features

  • Construction: Brick, Frame, Masonry

Garage/Parking

  • Parking Spaces: 1 Car

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 196.5
  • Gas Annually: 196.5
  • Heating Cooling: Ceiling Fans, Electric, Gas, Central

Condo/Co-op/Association

  • Association Fee: YES
  • Fees Include: Bldg&Liability Insurance, Exterior Maintenance, Garbage Pickup, Grounds Maintenance, Heating/Cooling, Pest Control/Termite, Security, Sewer, Water, Other

Schools

  • Elementary School: Grant Wood
  • Middle School: Mckinley
  • High School: Washington
  • High School: Washington
  • Jr Middle School: Mckinley
  • Elementary School: Grant Wood

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 1.16
  • Zoning: Residential and Commercial

Tax Info

  • Gross Tax County City: 45982
  • Assessor Parcel Number: 142732702401000 - Multiple

Multi Family

  • Units Total: 23

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 Price Changed $5,800,000 +262.5% $254 / Sq Ft
12/04/2024 12/04/24 For Sale $1,600,000 -- $70 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Source: Iowa City Area Association of REALTORS®

MLS Number: 202406586

Iowa City Area Association of REALTORS®
Iowa Linn County Cedar Rapids 52401 Oak Hill Jackson

329 12th Ave SE, Cedar Rapids, IA

This home is located at 329 12th Ave SE, Cedar Rapids, IA 52401 and is currently priced at $5,800,000, approximately $253 per square foot. This property was built in 2017. 329 12th Ave SE is a home located in Linn County with nearby schools including Grant Wood Elementary School, McKinley STEAM Academy, and George Washington High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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Craig Byers
Listing Agent
Craig Byers
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Q4 Real Estate
(319) 727-8792