Seven-Unit Apartment
For Sale
$410,000
2416 Olive Street, Cedar Falls, IA 50613
Residential Income, Cedar Falls, IA
Property SizeContact for details
Lot Size0.15 Acres
Days on Market62
Property Features for 2416 Olive Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R-M
Bedrooms
11
Rooms
Bedroom 10, Bedroom 4, Bedroom 2, Bedroom 8, Bedroom 9, Bedroom 3, Bedroom 7, Bedroom 11, Bedroom 6, Bedroom 1, Bedroom 5
Elementary school
Lincoln Elementary CF
Middle school
Holmes Junior High
High school
Cedar Falls High
Standard status
Active
APN
891413354017
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
NORMAL ADDITION LOT 16 BLK 20 S 1 RD LOT 17 BLK 20
Tax Annual Amount
5531
Legal Description
NORMAL ADDITION LOT 16 BLK 20 S 1 RD LOT 17 BLK 20
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
laundry units
Building Details
Year built
1915
Floors in Building
2
Number of units
7
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Re/Max Concepts · RE/MAX International
(319) 266-7100
Listed By:
Deanna Wheeler, GRI, CNE, CRS · License #B28309000
(319) 230-0409
Added: Jul 2
Changed: Aug 26
Last Checked: Sep 1 at 12:06AM
MLS# 20263030
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 building contains seven rental units: three one-bedroom apartments, one studio, one two-bedroom apartment, one three-bedroom apartment, and one four-bedroom apartment. Each unit includes appliances, while laundry equipment is also provided. The property has vinyl siding, an asphalt roof, forced-air natural gas heating, and central air conditioning.
All seven units are rented through May 2027. The landlord covers utilities other than internet. Off-street parking is available on the 0.15-acre parcel, with alley access serving the rear of the property. Public water and public sewer support the 1915 building, which is located in Cedar Falls, Iowa, and carries R-M zoning.
All seven units are rented through May 2027. The landlord covers utilities other than internet. Off-street parking is available on the 0.15-acre parcel, with alley access serving the rear of the property. Public water and public sewer support the 1915 building, which is located in Cedar Falls, Iowa, and carries R-M zoning.
Key Highlights
- Seven units with three 1‑bedroom apartments, one studio, and 2-, 3-, and 4‑bedroom units
- All units rented through May 2027
- Appliances included in every unit; laundry equipment also provided
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
472
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Unit mix includes studios and one- to four-bedroom apartments with on-site laundry and alley-accessible parking.
Where is this apartment building located?
The property is located at 2416 Olive Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Seven units with three 1‑bedroom apartments, one studio, and 2-, 3-, and 4‑bedroom units; All units rented through May 2027; Appliances included in every unit; laundry equipment also provided
