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Historic Loft and Townhome Community
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1403 State Street, Cedar Falls, IA 50613

A converted church and newer townhome-style apartments offer studio and 3-bed configurations in Cedar Falls.

Property SizeContact for details
Days on Market135

Property Features for 1403 State Street

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: CBRE - Des Moines
Listed By: Ryan Jensen · License #IA F00261000
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 8:48PM

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 CBRE - Des Moines

Investment Insights

Based on property information with market context.

Cedar Falls Lofts and Townhomes is a 14-unit multifamily property featuring two buildings with distinct construction histories and unit types. 1404–1410 Main Street was built in 1910 as a church and later renovated and converted into studio, one- and two-bedroom loft-style apartments in 2012. 1403 State Street was built in 2012 and includes townhome-style units with spacious three-bedroom, three-and-a-half-bath layouts.

The property is for sale with CBRE|Hubbell Commercial serving as the exclusive advisor for the offering. The mix of studio through three-bedroom townhome-style apartments provides a range of residential configurations within the 14-unit community.

The two-building setup supports varied apartment styles, including loft-style units created from a historic structure and newer townhome-style apartments built in 2012.

Key Highlights

  • 14‑unit multifamily property in Cedar Falls, IA
  • 1404–1410 Main Street: originally built as a church in 1910, renovated and converted to studio and 1–2 bed loft‑style apartments in 2012
  • 1403 State Street: built in 2012 as townhome‑style apartments

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Dental Office HVAC Service Storage Facility Accounting Firm Garden Center

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

593
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - A converted church and newer townhome-style apartments offer studio and 3-bed configurations in Cedar Falls.
Where is this apartment building located?
The property is located at 1403 State Street Cedar Falls, IA.
What are key features of this property?
This property features: 14‑unit multifamily property in Cedar Falls, IA; 1404–1410 Main Street: originally built as a church in 1910, renovated and converted to studio and 1–2 bed loft‑style apartments in 2012; 1403 State Street: built in 2012 as townhome‑style apartments
(515) 314-1715 Call to check price and availability
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