Duplex with Vacant Upstairs
For Sale
$149,900
1622 Franklin St, Cedar Falls, IA 50613
Duplex includes a tenant-occupied main unit and a vacant upstairs unit, both served by shared coin laundry.
Property Size2,408 SF
Price / SF$62.25
Days on Market49
Property Features for 1622 Franklin St
General Information
Standard status
Active
Size
2,408 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
50%
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
fenced-in yard
shared coin-laundry
Building Details
Year Built
1875
Stories
2
Tenancy
Multi
Listing Agency:
Structure Real Estate
Listed By:
Jessica Schoof, Andrew Schoof
Source:
Kwlegacyrealty
Added: Jul 21
Changed: Sep 5
Last Checked: Sep 6 at 10:15AM
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 duplex features an upstairs unit and a main-level unit. The main-level unit has 2 bedrooms and 1 bathroom with two spacious living areas and is currently tenant-occupied. The upstairs unit is vacant and has 3 bedrooms and 1 bathroom. Shared coin-operated laundry is available in the entryway.
The property includes a 2-stall garage and a paved driveway, along with a fenced-in yard. A new roof was installed in 2023.
The duplex is configured as two separate residential units under one roof, providing a mix of occupancy and layout options within the same building.
The property includes a 2-stall garage and a paved driveway, along with a fenced-in yard. A new roof was installed in 2023.
The duplex is configured as two separate residential units under one roof, providing a mix of occupancy and layout options within the same building.
Key Highlights
- Duplex built in 1875 with two units: a tenant‑occupied main‑level unit and a vacant upstairs unit
- Main‑level unit has 2 bedrooms and 1 bathroom, plus 2 living areas; currently rented at $1,100/mo
- Upstairs unit has 3 bedrooms and 1 bathroom and is currently vacant
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
427
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?
Duplex - Duplex includes a tenant-occupied main unit and a vacant upstairs unit, both served by shared coin laundry.
Where is this duplex located?
The property is located at 1622 Franklin St Cedar Falls, IA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Duplex built in 1875 with two units: a tenant‑occupied main‑level unit and a vacant upstairs unit; Main‑level unit has 2 bedrooms and 1 bathroom, plus 2 living areas; currently rented at $1,100/mo; Upstairs unit has 3 bedrooms and 1 bathroom and is currently vacant
