Three-Unit Apartment
2508 Olive Street Cedar Falls, IA 50613
2508 Olive Street, Cedar Falls, IA, 50613
$235,000
For Sale
$235,000
MULTI_FAMILY - Other - Cedar Falls, IA
Lot Size0.20 Acres
Days on Market21
Property Features for 2508 Olive Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- R-3
- Bedrooms
- 6
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 2
- Standard status
- Active
- APN
- 891413354013
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Description
- NORMAL ADDITION LOT 12 BLK 20
- Tax Annual Amount
- 3103
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Frame
- 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 20 at 4:56PM Checked: Jul 22 at 3:06AM
MLS# 20263027
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 three-unit apartment building offers three separate 2-bedroom apartments. According to the seller, all units are currently fully rented through May 2027. Each apartment includes its appliances, helping reduce move-in friction for incoming tenants. Off-street parking is available, and the property’s parking can be accessed via an alley at the rear.
Located at 2508 Olive Street in Cedar Falls, Iowa, the property is described as within walking distance to the university. The home sits on a 0.2-acre lot, providing a compact footprint for a small multi-family operator or investor.
For investors and buyers seeking a straightforward rental setup, the building’s unit count and bedroom mix may appeal to tenants looking for dedicated 2-bedroom space. The presence of off-street parking and rear alley access adds a practical benefit for day-to-day tenant convenience. With the current occupancy extending through May 2027, this asset may support an owner looking for rental income while maintaining a manageable property scale.
Located at 2508 Olive Street in Cedar Falls, Iowa, the property is described as within walking distance to the university. The home sits on a 0.2-acre lot, providing a compact footprint for a small multi-family operator or investor.
For investors and buyers seeking a straightforward rental setup, the building’s unit count and bedroom mix may appeal to tenants looking for dedicated 2-bedroom space. The presence of off-street parking and rear alley access adds a practical benefit for day-to-day tenant convenience. With the current occupancy extending through May 2027, this asset may support an owner looking for rental income while maintaining a manageable property scale.
Key Highlights
- 3‑plex with three 2‑bedroom apartments
- All units are fully rented through May 2027
- Appliances included in each unit
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three fully rented 2-bedroom apartments with off-street parking and alley access in R-3 zoning.
Where is this triplex located?
The property is located at 2508 Olive Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 3‑plex with three 2‑bedroom apartments; All units are fully rented through May 2027; Appliances included in each unit
