2939 12th Ave SW, Cedar Rapids, IA, 52404
About This Home
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.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1975
Materials
- Construction materials: Aluminum Siding,Frame,Stucco,Wood Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Common Area
Heating & Cooling
- Heating features: Electric,Gas
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total interior livable area: 32,895 sqft
Property
Details
- Parcel number: 143038001701062
Lot
- Lot size: 2.01 Acres
- Lot size dimensions: 87381.36
Parking
- Total spaces: 92
- Parking features: Parking Space(s)
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Iowa Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $15,164 | $181,968 |
| Home Insurance * | $2,451 | $29,412 |
| Property Taxes | $3,673 | $44,076 |
| Electricity | $2,453 | $29,445 |
| Total | $23,741 | $284,892 |
Income You'd Need if You Spent...
Iowa FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-05 | Price change | $2,999,000 |
| 2026-05-29 | Price change | $3,125,000 |
| 2026-05-19 | Price change | $3,175,000 |
| 2026-03-16 | Listed for sale | $3,300,000 |
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