8-Unit Apartment
For Sale
$419,000
2221 Olive Street, Cedar Falls, IA 50613
Residential Income, Cedar Falls, IA
Property SizeContact for details
Lot Size0.15 Acres
Days on Market170
Property Features for 2221 Olive Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R-M
Parking features
On Street
Basement
Partially Finished
Elementary school
Lincoln Elementary CF
Middle school
Holmes Junior High
High school
Cedar Falls High
Standard status
Active
APN
891413309006
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
AUDITORS PLAT NO 18 CF LOT 10 NORMAL ADDITION LOT 4 BLK 9
Tax Annual Amount
5389
Legal Description
AUDITORS PLAT NO 18 CF LOT 10 NORMAL ADDITION LOT 4 BLK 9
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1930
Number of units
8
Building materials
Wood Siding
Roof type
Asphalt
Listing Agency:
Structure Real Estate
(319) 260-2016
Listed By:
Brian Wingert · License #B60468000
(319) 404-4884
Added: Mar 16
Changed: Aug 19
Last Checked: Sep 1 at 12:06AM
MLS# 20261029
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 apartment property contains eight residential units, including six one-bedroom, one-bath apartments and two efficiency units. The building dates to 1930 and features wood siding, an asphalt roof, public water, and public sewer. Parking is provided on the street, and the property is located near campus in Cedar Falls.
The R-M zoning supports the property’s multifamily residential classification. Its compact 0.15-acre site and established building configuration provide a straightforward apartment layout, with the unit mix offering both conventional one-bedroom accommodations and smaller efficiency spaces.
The R-M zoning supports the property’s multifamily residential classification. Its compact 0.15-acre site and established building configuration provide a straightforward apartment layout, with the unit mix offering both conventional one-bedroom accommodations and smaller efficiency spaces.
Key Highlights
- Eight‑unit apartment property with six 1 bed/1 bath units and two efficiency units
- R‑M zoning for multifamily residential use
- Located near campus in Cedar Falls
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
521
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 - R-M-zoned residential property near campus with a mix of one-bedroom and efficiency apartments.
Where is this apartment building located?
The property is located at 2221 Olive 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: Eight‑unit apartment property with six 1 bed/1 bath units and two efficiency units; R‑M zoning for multifamily residential use; Located near campus in Cedar Falls
