Four-Unit Residential Income
706 W 12th Street Cedar Falls, IA 50613
706 W 12th Street, Cedar Falls, IA, 50613
$270,000
For Sale
$270,000
MULTI_FAMILY - Cedar Falls, IA
Lot Size0.24 Acres
Days on Market17
Property Features for 706 W 12th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- R-M
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2
- Parking features
- Garage
- Standard status
- Active
- APN
- 891413101008
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Description
- PACIFIC ADDITION LOT 144
- Tax Annual Amount
- 2945
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing Agency
Oakridge Real Estate
(319) 277-5005
3313 Terrace Drive, Cedar Falls, IA
Listed by
Dave Woods
(319) 242-2720
Added: Jul 1 Checked: Jul 17 at 4:06 pm
MLS# 20262963
Listing URL
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 property features four separate 1-bedroom, 1-bath units, each equipped with a refrigerator and stove. Three of the four units are currently leased, and the remaining unit is scheduled to begin its lease in May. Each unit has its own electric meter. The owner currently pays for gas, water, lawn care, and snow removal.
The building is located at 706 W 12th Street in Cedar Falls, Iowa, on a 0.24-acre lot. The property is zoned R-M. The seller reports ongoing proactive maintenance during their ownership, including paint, plumbing, flooring, and updates to the kitchens and baths. In 2024, new siding and window casings were installed.
For buyers or operators seeking a compact multifamily setup, the consistent unit mix (all 1 bed / 1 bath) can simplify leasing and turnover. With three units already leased and a fourth planned to start in May, the property offers an established rental schedule. The combination of individual electric metering and owner-paid utilities and exterior services may also help standardize operating costs and resident experience.
The building is located at 706 W 12th Street in Cedar Falls, Iowa, on a 0.24-acre lot. The property is zoned R-M. The seller reports ongoing proactive maintenance during their ownership, including paint, plumbing, flooring, and updates to the kitchens and baths. In 2024, new siding and window casings were installed.
For buyers or operators seeking a compact multifamily setup, the consistent unit mix (all 1 bed / 1 bath) can simplify leasing and turnover. With three units already leased and a fourth planned to start in May, the property offers an established rental schedule. The combination of individual electric metering and owner-paid utilities and exterior services may also help standardize operating costs and resident experience.
Key Highlights
- 4‑plex with all 1 bed/1 bath units; 3 units currently leased and the 4th unit lease begins in May
- Monthly rent: Unit 1 $900/mo, Unit 2 $775/mo, Unit 3 $750/mo, Unit 4 $750/mo
- Owner‑paid utilities/maintenance include gas, water, lawn care, and snow removal; individual electric meters in place
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four one-bedroom, one-bath units with individual electric meters; three are leased and owner covers select utilities and exterior upkeep.
Where is this quadplex located?
The property is located at 706 W 12th Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 4‑plex with all 1 bed/1 bath units; 3 units currently leased and the 4th unit lease begins in May; Monthly rent: Unit 1 $900/mo, Unit 2 $775/mo, Unit 3 $750/mo, Unit 4 $750/mo; Owner‑paid utilities/maintenance include gas, water, lawn care, and snow removal; individual electric meters in place
