Search
5-Unit Apartment Building
For Sale
$499,900

2222 Walnut Street, Cedar Falls, IA 50613

Leased apartment property with paved parking and on-site coin-operated laundry.

Property SizeContact for details
Days on Market61

Property Features for 2222 Walnut Street

General Information

Standard status Active
Property subtype Residential Income
Zoning R-4
Occupancy 100%
Lease Term Over 9 Months
Net Operating Income $45,190

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $4,077

Amenities

paved parking
coin operated laundry

Building Details

Year Built 1900
Listing Agency: Berkshire Hathaway Home Services One Realty Centre
Listed By: Brandie White · License #S68887000
Source: Brandiewhite.idxbroker
Added: Jul 3 Changed: Aug 31 Last Checked: Aug 31 at 12:46PM

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 Berkshire Hathaway Home Services One Realty Centre

Investment Insights

Based on property information with market context.

This apartment building contains five residential units, each supported by a signed lease. On-site amenities include paved parking and coin-operated laundry facilities, providing practical convenience for occupants. The property was built in 1900 and carries R-4 zoning.

Located at 2222 Walnut Street in Cedar Falls, the building is positioned two blocks from the College Hill area. Its existing unit count, leased status, parking, and laundry facilities define the current property configuration.

Key Highlights

  • Five units with signed leases
  • Paved parking on site
  • Coin‑operated laundry facilities

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Grocery & Convenience Store Barber Shop Auto Parts Store (Bike/Boat/Book/etc) Store Electrical Service

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

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

507
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
Rey
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 - Leased apartment property with paved parking and on-site coin-operated laundry.
Where is this apartment building located?
The property is located at 2222 Walnut Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Five units with signed leases; Paved parking on site; Coin‑operated laundry facilities
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message