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Duplex with Patio
For Sale
$149,900
Pending

1622 Franklin Street, Cedar Falls, IA 50613

MULTI_FAMILY - Cedar Falls, IA

Property SizeContact for details
Lot Size0.20 Acres
Days on Market132

Property Features for 1622 Franklin Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R-2
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 5, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1
Parking features Garage
Patio and Porch features Patio
Exterior features Patio
Fencing Fenced
Elementary school Lincoln Elementary CF
Middle school Holmes Junior High
High school Cedar Falls High
Standard status Pending
APN 891413177006
Lot size 0.20 Acres

Taxes and HOA fees

Tax Description J R AND S CAMERONS SECOND ADD LOT 5 BLK 18
Tax Annual Amount 2637
Legal Description J R AND S CAMERONS SECOND ADD LOT 5 BLK 18

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Central Air
Water source Public

Amenities

shared coin-laundry
fenced-in yard

Building Details

Year built 1875
Floors in Building 2
Number of units 2
Building materials Vinyl Siding
Roof type Asphalt
Listing Agency: Structure Real Estate
Listed By: Jessica Schoof · License #S65897000
Added: Apr 3 Changed: Aug 3 Last Checked: Aug 12 at 5:06PM
MLS# 20261328

Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This duplex offers a main-level unit and an upstairs unit under one roof at 1622 Franklin Street, Cedar Falls, IA. The main-level unit is tenant-occupied and includes two bedrooms and one bathroom with two spacious living areas. The upstairs unit is currently vacant and features three bedrooms and one bathroom. Shared coin laundry is located in the entryway.

Outdoor features include a patio, a fenced yard, and a paved driveway leading to a two-stall garage. The property was built in 1875 and has vinyl siding with an asphalt roof. A new roof was installed in 2023.

For comfort, the home has forced-air heating with natural gas and central air conditioning. Utilities include public water and public sewer, and the property is zoned R-2.

Key Highlights

  • Duplex with main‑level and upstairs units, including a tenant‑occupied main unit and a vacant upstairs unit
  • Main‑level unit: two bedrooms and one bathroom with two living areas
  • Upstairs unit: three bedrooms and one bathroom

Property Analytics

Current Use

Duplexes

Suggested Use

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

482
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?
Duplex - Duplex in R-2 zoning with a patio, fenced yard, and shared coin laundry for the two separate units.
Where is this duplex located?
The property is located at 1622 Franklin Street 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 with main‑level and upstairs units, including a tenant‑occupied main unit and a vacant upstairs unit; Main‑level unit: two bedrooms and one bathroom with two living areas; Upstairs unit: three bedrooms and one bathroom
More about this property
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