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Cedar Falls Multifamily Investment Property

2115 Walnut Street Cedar Falls, IA 50613

2115 Walnut Street, Cedar Falls, IA, 50613
$419,000
For Sale
$419,000

MULTI_FAMILY - Cedar Falls, IA

Lot Size0.30 Acres
Days on Market136

Property Features for 2115 Walnut Street

General Information

Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R-M
Parking features
On Street
Standard status
Active
APN
891413306004
Lot size
0.30 Acres

Taxes and HOA fees

Tax Description
NORMAL ADDITION S 1/2 LOT 2 BLK 7 LOT 3 BLK 7
Tax Annual Amount
5210

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1900
Number of units
6
Building materials
Aluminum Siding
Roof type
Rubber
Listing agency Structure Real Estate
Listed by Brian Wingert · License #B60468000
Added: Mar 9 Updated: Jun 1 at 7:55AM Checked: Jul 22 at 9:06AM
MLS# 20260926

Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This six-unit rental property is located in the college hill area. The property features four 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Currently, 5 of the 6 units are rented, generating a monthly income of $4245. The potential market rent at full occupancy is $5095 per month. On-site amenities include a coin-operated laundry facility in the basement. There are 10 concrete parking spots located off the alley. The lot size is 0.3 acres. The zoning is R-M.

Key Highlights

  • Great college hill area location
  • Market rent potential of $5095/mo at full occupancy
  • Six‑unit rental property

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Grocery & Convenience Store Barber Shop Auto Parts Store (Bike/Boat/Book/etc) Store Electrical Service (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Locksmith Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Six-unit rental property in Cedar Falls' college hill area.
Where is this apartment building located?
The property is located at 2115 Walnut Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Great college hill area location; Market rent potential of $5095/mo at full occupancy; Six‑unit rental property
Contact an agent
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