6-Unit Multifamily Rental
For Sale
$419,000
2115 Walnut Street, Cedar Falls, IA 50613
Residential Income, Cedar Falls, IA
Property SizeContact for details
Lot Size0.30 Acres
Days on Market167
Property Features for 2115 Walnut Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R-M
Parking features
On Street
Elementary school
Lincoln Elementary CF
Middle school
Holmes Junior High
High school
Cedar Falls High
Standard status
Active
APN
891413306004
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
NORMAL ADDITION S 1/2 LOT 2 BLK 7 LOT 3 BLK 7
Tax Annual Amount
5210
Legal Description
NORMAL ADDITION S 1/2 LOT 2 BLK 7 LOT 3 BLK 7
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
coin operated laundry
Building Details
Year built
1900
Number of units
6
Building materials
Aluminum Siding
Roof type
Rubber
Listing Agency:
Structure Real Estate
(319) 260-2016
Listed By:
Brian Wingert · License #B60468000
(319) 404-4884
Added: Mar 9
Changed: Aug 19
Last Checked: Aug 22 at 11:06PM
MLS# 20260926
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 6-unit multifamily rental property offers four 2 bed/1 bath units and two 1 bed/1 bath units. The building includes coin-operated laundry located in the basement, supporting everyday tenant convenience.
The property sits on a 0.3-acre lot and was built in 1900. Exterior construction includes aluminum siding, and the roof is described as rubber. Public water and public sewer services are available.
Parking is provided with 10 concrete parking spots off the alley, with parking also described as on-street. The existing unit configuration and shared laundry make this property suited for tenants seeking a simple, functional rental setup in a college area setting.
The property sits on a 0.3-acre lot and was built in 1900. Exterior construction includes aluminum siding, and the roof is described as rubber. Public water and public sewer services are available.
Parking is provided with 10 concrete parking spots off the alley, with parking also described as on-street. The existing unit configuration and shared laundry make this property suited for tenants seeking a simple, functional rental setup in a college area setting.
Key Highlights
- Four 2 bed/1 bath units and two 1 bed/1 bath units
- Coin‑operated laundry in the basement
- 10 concrete parking spots off the alley
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
507
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Six rental units with coin-operated basement laundry, public water and sewer, and parking behind the property.
Where is this apartment building located?
The property is located at 2115 Walnut Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Four 2 bed/1 bath units and two 1 bed/1 bath units; Coin‑operated laundry in the basement; 10 concrete parking spots off the alley
