Renovated Motor Lodge in
For Sale
Contact for pricing
122 Washington St, Cedar Falls, IA 50613
Renovated 15-unit motor lodge with redevelopment potential.
Property SizeContact for details
Days on Market185
Property Features for 122 Washington St
General Information
Standard status
Active
Class
B
Property subtype
Multifamily
Zoning
DT-Urban General
Occupancy
40%
Investment Type
Stabilized
Net Operating Income
$110,400
Building Details
Year Built
1976
Year Renovated
2024
Buildings
1
Stories
2
Units
15
Listing Agency:
Structure Real Estate
(319) 239-7805
Listed By:
Brian Wingert · License #B60468000
Source:
Crexi
Added: Feb 18
Changed: Aug 8
Last Checked: Aug 21 at 5:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Structure Real Estate
Investment Insights
Based on property information with market context.
This renovated roadside motor lodge is situated in a prime downtown Cedar Falls location. The property features 15 units currently operated as a combination of short-term and long-term rentals. An unused office room is present, along with a mechanical room that includes a bathroom and laundry hookups. Additional laundry facilities are located upstairs but are not currently in use. The property comprises two separate lots and offers current income with future redevelopment potential. Located in the core of downtown Cedar Falls, the property benefits from a 10-year Tax Increment Financing (TIF) incentive for redevelopment.
Key Highlights
- Great downtown Cedar Falls location.
- Solid future redevelopment potential with 10 years of TIF.
- Currently run as a mix of short term and long term rentals with great current income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Balanced
Demand for This Use
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
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Similar Off Market Nearby
- The Shack Cedar Falls — 1309 tremont st, cedar falls, ia 50613
- The Black Hawk Hotel — 115 Main St, Cedar Falls, IA 50613
- Motel — 402 Main St, Cedar Falls, IA 50613
- Hampton Inn Cedar Falls Downtown — 101 W 1st St, Cedar Falls, IA 50613
Frequently Asked Questions
What type of property is this?
Motel - Renovated 15-unit motor lodge with redevelopment potential.
Where is this motel located?
The property is located at 122 Washington St Cedar Falls, IA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Great downtown Cedar Falls location.; Solid future redevelopment potential with 10 years of TIF.; Currently run as a mix of short term and long term rentals with great current income.
