Updated Four-Unit Residential
2007 College St Cedar Falls, IA 50613
New
2007 College St, Cedar Falls, IA, 50613
$319,000
For Sale
$319,000
Four updated units feature stainless appliances, new flooring, fresh paint, and exterior improvements including a new roof.
Property Size2,880 SF
Price / SF$110.76
Days on Market2
Property Features for 2007 College St
General Information
- Standard status
- Active
- Size
- 2,880 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing agency
Vine Valley Real Estate
(319) 239-8663
Listed by
Emsad Begic · License #IOWA-B56539000
Source
Kwlegacyrealty
Added: Jul 21 Updated: Jul 22 at 10:42AM Checked: Jul 22 at 10:42AM
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 Vine Valley Real Estate
Investment Insights
Based on property information with market context.
This updated four-unit residential income property features modern interior improvements in each unit, including updated countertops, stainless steel appliances, new cabinetry, new flooring, and fresh paint. Large windows help bring in natural light, supporting a bright and open feel across the layouts. Exterior and common area updates include new siding, a new roof, paved parking, and newly carpeted shared hallways.
The property is located in the Cedar Falls area and is conveniently situated near UNI and a variety of dining, entertainment, and everyday amenities.
Dimensions are approximate.
The property is located in the Cedar Falls area and is conveniently situated near UNI and a variety of dining, entertainment, and everyday amenities.
Dimensions are approximate.
Key Highlights
- Updated four‑unit property built in 1920
- Each unit features updated countertops, stainless steel appliances, and new cabinetry
- Interior updates include new flooring and fresh paint, plus large windows for natural light
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.7k | $13.80 |
| − Vacancy | −$2.2k | −$0.75 |
| EGI | $37.6k | $13.05 |
| − OpEx | −$11.3k | −$3.92 |
| NOI | $26.3k | $9.14 |
2,880 SF · lease $13.80/SF/yr · vacancy 5.42% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$375.9K
$328.9K – $438.6K
NOI $26,313 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$330.3K
$289.0K – $385.4K
NOI $23,123 @ 7.0% cap · market cap 7.25%
Theoretical Best
Mixed Use
$3.61M
$3.16M – $4.21M
NOI $252,720 @ 7.0% cap · market cap 79.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four updated units feature stainless appliances, new flooring, fresh paint, and exterior improvements including a new roof.
Where is this quadplex located?
The property is located at 2007 College St Cedar Falls, IA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Updated four‑unit property built in 1920; Each unit features updated countertops, stainless steel appliances, and new cabinetry; Interior updates include new flooring and fresh paint, plus large windows for natural light
