Four-Unit Residential Income
For Sale
$275,900
2503 Olive Street, Cedar Falls, IA 50613
MULTI_FAMILY - Cedar Falls, IA
Lot Size0.13 Acres
Days on Market29
Property Features for 2503 Olive Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-4
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 7, Bedroom 8, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3
Parking features
On Street
Patio and Porch features
Deck
Exterior features
Deck-Multi-Level
Basement
Walk-Out Access, Partially Finished
Elementary school
Lincoln Elementary Waterloo
Middle school
Holmes Junior High
High school
Cedar Falls High
Standard status
Active
APN
891413357003
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
AUDITORS PLAT NO 18 CF LOT 41LOT 48 LOT 49 NORMAL ADDITIONLOT 6 BLK 21
Tax Annual Amount
3707
Legal Description
AUDITORS PLAT NO 18 CF LOT 41LOT 48 LOT 49 NORMAL ADDITIONLOT 6 BLK 21
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1890
Number of units
4
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Lockard Realty Company
(319) 277-8000
Listed By:
Michael Taylor · License #S40482
(319) 239-3659
Added: Jul 5
Changed: Jul 29
Last Checked: Aug 2 at 3:06AM
MLS# 20263036
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 four-unit residential income property includes two three-bedroom units and two one-bedroom units, offering a flexible tenant mix. Public remarks indicate the units are well-maintained with recent updates. Each unit has a dishwasher, stove, and refrigerator, supporting everyday livability. Tenants also have access to on-site laundry facilities that operate with coins.
The property is located one block from UNI campus in Cedar Falls, IA, placing it within walking distance of restaurants, coffee shops, the UNI bookstore, and College Hill nightlife. The asset sits on a lot of 0.1277 acres and is zoned R-4.
For buyers and operators seeking a small, manageable multi-family setup, the unit configuration supports multiple household types while maintaining a consistent amenity package across all units. The proximity to campus-oriented services and the availability of on-site laundry can also help tenants reduce day-to-day logistics during the week.
The property is located one block from UNI campus in Cedar Falls, IA, placing it within walking distance of restaurants, coffee shops, the UNI bookstore, and College Hill nightlife. The asset sits on a lot of 0.1277 acres and is zoned R-4.
For buyers and operators seeking a small, manageable multi-family setup, the unit configuration supports multiple household types while maintaining a consistent amenity package across all units. The proximity to campus-oriented services and the availability of on-site laundry can also help tenants reduce day-to-day logistics during the week.
Key Highlights
- Investment property in a multi‑unit layout with two 3‑bedroom units and two 1‑bedroom units
- Just one block from UNI campus and within walking distance to restaurants, coffee shops, campus, the UNI bookstore, and College Hill nightlife
- Each unit includes a dishwasher, stove, and refrigerator
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Explore this area
Business Placement
Demographics for 50613, IA
43,667
Population
17,808
Households
2.5
Avg Household Size
32
Median Age
48%
College-Educated
97%
High-School Grad
127.6 sq mi
ZIP Area
342
Density / Sq Mi
$75,642
Median Household Income
$33,099
Median Earnings
$1,176
Median Rent
$258,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four well-maintained units near UNI campus with in-unit kitchen appliances and on-site coin laundry for tenant convenience.
Where is this quadplex located?
The property is located at 2503 Olive Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $275,900.
What are key features of this property?
This property features: Investment property in a multi‑unit layout with two 3‑bedroom units and two 1‑bedroom units; Just one block from UNI campus and within walking distance to restaurants, coffee shops, campus, the UNI bookstore, and College Hill nightlife; Each unit includes a dishwasher, stove, and refrigerator
