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Apartment Building with Central Air
For Sale
$480,000

2222 Walnut Street, Cedar Falls, IA 50613

Residential Income, Cedar Falls, IA

Property SizeContact for details
Lot Size0.20 Acres
Days on Market47

Property Features for 2222 Walnut Street

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning R-3
Bedrooms 10
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 8, Bedroom 9, Bedroom 7, Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 2, Bathroom 5, Bathroom 4, Bedroom 3, Bedroom 10
Basement Concrete
Elementary school Lincoln Elementary CF
Middle school Holmes Junior High
High school Cedar Falls High
Standard status Active
APN 891413311016
Lot size 0.20 Acres

Taxes and HOA fees

Tax Description NORMAL ADDITION LOT 15 BLK 11
Tax Annual Amount 4570
Legal Description NORMAL ADDITION LOT 15 BLK 11

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1900
Number of units 5
Building materials Vinyl Siding
Roof type Asphalt
Listing Agency: Structure Real Estate
Listed By: Wesley Sindt
Added: Aug 12 Changed: Sep 18 Last Checked: Sep 27 at 12:06PM
MLS# 20263759

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 R-3-zoned apartment property near UNI campus sits on 0.2 acres and includes 10 bedrooms and 5 bathrooms. The building was constructed in 1900 with vinyl siding, an asphalt roof, central air, and natural-gas heating. Public water and public sewer serve the property.

The operating arrangement separates several tenant-paid services through individual meters, including gas, electric, and garbage. Landlord responsibilities include water, sewer, lawn care, and snow removal. The property is located at 2222 Walnut Street in Cedar Falls, Iowa.

Key Highlights

  • 10 bedrooms and 5 bathrooms
  • 0.2‑acre apartment property near UNI campus
  • R‑3 zoning

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Grocery & Convenience Store Auto Parts Store Barber Shop (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.

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - R-3-zoned apartment property near UNI campus with public utilities and separately metered tenant services.
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 $480,000.
What are key features of this property?
This property features: 10 bedrooms and 5 bathrooms; 0.2‑acre apartment property near UNI campus; R‑3 zoning
More about this property
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