Seven-Plex Apartment
2416 Olive Street Cedar Falls, IA 50613
2416 Olive Street, Cedar Falls, IA, 50613
$410,000
For Sale
$410,000
MULTI_FAMILY - Other - Cedar Falls, IA
Lot Size0.15 Acres
Days on Market21
Property Features for 2416 Olive Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- R-M
- Bedrooms
- 11
- Rooms
- Bedroom 6, Bedroom 9, Bedroom 10, Bedroom 5, Bedroom 4, Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 8, Bedroom 2, Bedroom 11
- Standard status
- Active
- APN
- 891413354017
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- NORMAL ADDITION LOT 16 BLK 20 S 1 RD LOT 17 BLK 20
- Tax Annual Amount
- 5531
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 7
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agency
RE/MAX Concepts - Cedar Falls
(319) 266-7100
Listed by
Deanna Wheeler, GRI, CNE, CRS · License #B28309000
(319) 230-0409
Added: Jul 2 Updated: Jul 8 at 8:36PM Checked: Jul 22 at 6:06AM
MLS# 20263030
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 seven-plex apartment building offers a mix of unit types, including three 1-bedroom apartments, one studio, one 2-bedroom unit, one 3-bedroom unit, and one 4-bedroom unit. The units are reported as fully rented through May 2027, and appliances are included in each apartment. Laundry units are also included, and the landlord pays utilities except for internet.
Located at 2416 Olive Street in Cedar Falls, the property is described as within walking distance to the university. Off-street parking is available, with ease of alley access in the back.
For buyers evaluating residential income properties, the existing unit mix may support a range of tenant needs, from studios through larger bedroom layouts. The current occupancy profile through May 2027, along with in-unit appliance inclusion and covered utilities (excluding internet), can help reduce day-to-day tenant friction and simplify operating considerations. Alley-access parking is an additional practical convenience for tenants and visitors.
Located at 2416 Olive Street in Cedar Falls, the property is described as within walking distance to the university. Off-street parking is available, with ease of alley access in the back.
For buyers evaluating residential income properties, the existing unit mix may support a range of tenant needs, from studios through larger bedroom layouts. The current occupancy profile through May 2027, along with in-unit appliance inclusion and covered utilities (excluding internet), can help reduce day-to-day tenant friction and simplify operating considerations. Alley-access parking is an additional practical convenience for tenants and visitors.
Key Highlights
- 7‑plex with three 1‑bedroom units, one studio, one 2‑bedroom, one 3‑bedroom, and one 4‑bedroom unit
- All units are fully rented through May 2027
- Appliances included in each unit, with laundry units included
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-configured seven-unit apartment building with mixed studios and bedrooms and off-street parking with alley access.
Where is this apartment building located?
The property is located at 2416 Olive Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 7‑plex with three 1‑bedroom units, one studio, one 2‑bedroom, one 3‑bedroom, and one 4‑bedroom unit; All units are fully rented through May 2027; Appliances included in each unit, with laundry units included
