23-Unit Apartment
For Sale
Contact for pricing
1311 West 1st Street, Cedar Falls, IA 50613
Two-building apartment property with a varied unit mix and renovations completed across multiple residences.
Property SizeContact for details
Days on Market120
Property Features for 1311 West 1st Street
General Information
Standard status
Active
Class
C
Property subtype
Multifamily
Occupancy
95%
Investment Type
Value Add
Net Operating Income
$102,188
Building Details
Year Built
1961
Stories
1
Units
23
Listing Agency:
Midwest Investment Brokers
Listed By:
Chandler Martin · License #IA B65013000
Source:
Crexi
Added: May 4
Changed: Aug 30
Last Checked: Aug 31 at 1:22AM
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 Midwest Investment Brokers
Investment Insights
Based on property information with market context.
This 23-unit apartment property consists of two buildings constructed in 1961. The unit mix includes efficiencies, studios, two one-bedroom units, and one two-bedroom, two-bath unit. Efficiency layouts range from 320 to 400 square feet, studios measure 450 square feet, and the one-bedroom units are 500 and 850 square feet. Three efficiencies do not include kitchenettes, while 10 have kitchenettes and seven studios feature separate kitchens.
Renovation work has been completed at varying levels across the property, with 10 of the 23 units receiving some degree of renovation and several fully remodeled. The property is located at 1311 West 1st Street in Cedar Falls, near Hudson Road and the University of Northern Iowa campus. West 1st Street is identified as High 57 in the property information.
Renovation work has been completed at varying levels across the property, with 10 of the 23 units receiving some degree of renovation and several fully remodeled. The property is located at 1311 West 1st Street in Cedar Falls, near Hudson Road and the University of Northern Iowa campus. West 1st Street is identified as High 57 in the property information.
Key Highlights
- Two‑building apartment property with 23 total units
- Unit mix includes 3 efficiencies without kitchenettes, 10 efficiencies with kitchenettes, 7 studios, 2 one‑bedrooms, and 1 two‑bedroom
- Efficiency units range from 320 to 400 square feet; studios are 450 square feet
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building apartment property with a varied unit mix and renovations completed across multiple residences.
Where is this apartment building located?
The property is located at 1311 West 1st Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two‑building apartment property with 23 total units; Unit mix includes 3 efficiencies without kitchenettes, 10 efficiencies with kitchenettes, 7 studios, 2 one‑bedrooms, and 1 two‑bedroom; Efficiency units range from 320 to 400 square feet; studios are 450 square feet
