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Four-Unit Residential Income Property
For Sale
$275,900

2503 Olive St, Cedar Falls, IA 50613

Four well-maintained units include dishwashers, stoves, and refrigerators, plus on-site coin-operated laundry.

Property Size3,298 SF
Price / SF$83.66
Days on Market14

Property Features for 2503 Olive St

General Information

Standard status Active
Size 3,298 SF
Property subtype Multi-Family

Building Details

Year Built 1890
Listing Agency: Lockard Realty Company
Listed By: Michael Taylor · License #S40482
Source: Kwlegacyrealty
Added: Jul 20 Changed: Jul 21 Last Checked: Aug 1 at 8:51AM

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 Lockard Realty Company

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. All units are described as well-maintained with recent updates, and each unit features a dishwasher, stove, and refrigerator. Tenants also have access to on-site laundry, available on a coin basis.

The property is located about one block from the UNI campus, and it is within walking distance to restaurants, coffee shops, the UNI bookstore, and College Hill nightlife.

With a mix of one- and three-bedroom layouts, the building provides multiple unit configurations while maintaining consistent in-unit and shared amenities.

Key Highlights

  • Investment property built in 1890 with four rental units
  • Unit mix: two 3‑bedroom units and two 1‑bedroom units
  • All units include dishwasher, stove, and refrigerator

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Auto Parts Store Electrical Service Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

495
Businesses Nearby

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

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

What type of property is this?
Quadplex - Four well-maintained units include dishwashers, stoves, and refrigerators, plus on-site coin-operated laundry.
Where is this quadplex located?
The property is located at 2503 Olive St 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 built in 1890 with four rental units; Unit mix: two 3‑bedroom units and two 1‑bedroom units; All units include dishwasher, stove, and refrigerator
More about this property
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