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    Income Producing Iowa Falls Duplex

    204-206 E Elm Street Iowa Falls, IA 50126

    Claim this Listing
    Pending
    $160,000

    MULTI_FAMILY - Iowa Falls, IA

    Lot size:
    0.27 Acres
    Added:
    May 14, 2026
    Days on Market:
    59
    Last Refresh:
    Jul 11 at 4:06 pm

    Property Features for 204-206 E Elm Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-1
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3
    Parking features
    Garage
    Standard status
    Pending
    APN
    892018102017
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Description
    LOT 1, BREKKES ADD, IOWA FALLS
    Tax Annual Amount
    2946

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Asphalt

    Listing agent Wesley Sindt

    Listing office Structure Real Estate 201 Washington Street, Cedar Falls, IA

    Listing date May 14, 2026

    MLS# 20262066 Listing URL

    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 well-maintained duplex in Iowa Falls, IA, presents an exceptional investment opportunity for investors or owner-occupants. The property features two spacious 2-bedroom units, each with off-street parking and a 1-stall garage. One unit is currently rented at $875 per month until March 31, 2028, and the other is rented at $700 per month with a lease ending at the end of May 2026. The owner is actively seeking a new tenant for the second unit, with a desired rental rate of $800 per month. Situated on a 0.27-acre lot, this residential income property is zoned R-1.

    Key Highlights

    • Duplex with two 2‑bedroom units, each tenant‑occupied and providing off‑street parking plus a 1‑stall garage
    • One unit rented for $875/month until 3/31/2028; other unit rented for $700/month with a lease ending end of May 2026
    • Central air conditioning

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Plumbing Service Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Daycare Center Home Appliance Store Pharmacy Florist Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with two units, ideal for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 204-206 E Elm Street Iowa Falls, IA.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Duplex with two 2‑bedroom units, each tenant‑occupied and providing off‑street parking plus a 1‑stall garage; One unit rented for $875/month until 3/31/2028; other unit rented for $700/month with a lease ending end of May 2026; Central air conditioning
    Contact an agent
    (319) 240-8208
    We can help!
    Contact an agent
    Wesley Sindt
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