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Iowa Falls Duplex Investment
For Sale
$179,900

2514-2516 Sunset Drive, Iowa Falls, IA 50126

MULTI_FAMILY - Iowa Falls, IA

Property Size1,632 SF
Lot Size0.21 Acres
Price / SF$110.23
Days on Market87

Property Features for 2514-2516 Sunset Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning Residential-Multi-Family
Basement Full
Lot features Corner Lot
Directions while heading north on Oak St, turn left onto Washington Ave. Turn left onto Pleasant Drive (across from Immanuel Lutheran Church) , then left onto Sunset Drive. Property will be on the left hand side of the street.
Standard status Active
APN 892114406001
Size 1,632 SF
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description SUNSET ADD- LOT 14 & W27.48FT LOT 13 BLOCK 1
Tax Annual Amount 2282
Legal Description SUNSET ADD- LOT 14 & W27.48FT LOT 13 BLOCK 1

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1975
Floors in Building 1
Number of units 2
Building materials Wood Siding
Roof type Shingle
Listing Agency: Ferris Real Estate
Listed By: Doug Hatlevig · License #***
Added: May 18 Changed: Jul 18 Last Checked: Aug 12 at 9:06AM
MLS# 6338424

Copyright © 2026 NoCoast MLS. 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 side-by-side duplex in Iowa Falls presents a great investment opportunity. Each unit features 2 bedrooms and one bath. A basement is available in each unit for storage. Utilities are metered separately and paid by the tenants. Each unit has access to a stall in the detached garage. Driveway and street parking are also available. The property is zoned for residential multi-family use and offers 1632 square feet of space on a 0.21-acre lot. Potential uses include living on one side and renting the other to assist with mortgage payments, or renting out both units to generate income.

Key Highlights

  • Duplex: Live in one unit and rent the other, or rent both for income.
  • Each unit features two bedrooms and one bath.
  • Separate utility meters for each unit.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Hair Salon Building Supply Spa & Massage Center Restaurant Nail Salon Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

75
Businesses Nearby

Demographics for 50126, IA

6,576
Population
2,966
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
94%
High-School Grad
136.6 sq mi
ZIP Area
48
Density / Sq Mi
$61,711
Median Household Income
$36,702
Median Earnings
$904
Median Rent
$118,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Side-by-side duplex in Iowa Falls, great investment opportunity.
Where is this duplex located?
The property is located at 2514-2516 Sunset Drive Iowa Falls, IA.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Duplex: Live in one unit and rent the other, or rent both for income.; Each unit features two bedrooms and one bath.; Separate utility meters for each unit.
More about this property
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