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    Seven-Plex Apartment Building Title is generated by Realmo AI

    2416 Olive Street, Cedar Falls, IA 50613

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    For Sale
    $410,000

    MULTI_FAMILY - Other - Cedar Falls, IA

    Type:Apartment
    Lot size:
    0.15 Acres
    Added:
    Jul 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jul 3 at 9:06 pm

    Property Features for 2416 Olive Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Zoning
    R-M
    Bedrooms
    11
    Rooms
    Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 8, Bedroom 1, Bedroom 9, Bedroom 11, Bedroom 7, Bedroom 10
    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

    Utilities

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

    Building Details

    Year built
    1915
    Floors in Building
    2
    Number of units
    7
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

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    Contact an agent
    Deanna Wheeler, GRI, CNE, CRS

    Listing agent Deanna Wheeler, GRI, CNE, CRS License #B28309000

    Listing office RE/MAX Concepts - Cedar Falls 4800 University Avenue RE/MAX Concepts, Cedar Falls, IA

    Listing date Jul 2, 2026

    MLS# 20263030 Listing URL

    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.

    HighLights

    • 7‑plex with three 1‑bedroom units, one studio, one 2‑bedroom, one 3‑bedroom, and one 4‑bedroom unit
    • All units are fully rented through May 2027
    • Appliances included in each unit, with laundry units included
    • Off‑street parking plus alley access in the back
    • Landlord pays utilities (except internet)
    • Built in 1915 with vinyl siding, asphalt roof, natural gas forced‑air heating, and central air

    Overview

    This seven-plex apartment building offers a mix of unit types, including three 1-bedroom apartments, one studio, one 2-bedroom unit, one 3-bedroom unit, and one 4-bedroom unit. The units are reported as fully rented through May 2027, and appliances are included in each apartment. Laundry units are also included, and the landlord pays utilities except for internet.

    Located at 2416 Olive Street in Cedar Falls, the property is described as within walking distance to the university. Off-street parking is available, with ease of alley access in the back.

    For buyers evaluating residential income properties, the existing unit mix may support a range of tenant needs, from studios through larger bedroom layouts. The current occupancy profile through May 2027, along with in-unit appliance inclusion and covered utilities (excluding internet), can help reduce day-to-day tenant friction and simplify operating considerations. Alley-access parking is an additional practical convenience for tenants and visitors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Dental Office Barber Shop Department Store Grocery & Convenience Store Nursing Home Skin Care Clinic Auto Parts Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Falls
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.454432
    Latitude
    42.515372

    FAQs

    What type of property is this?
    Apartment building - Well-configured seven-unit apartment building with mixed studios and bedrooms and off-street parking with alley access.
    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: 7‑plex with three 1‑bedroom units, one studio, one 2‑bedroom, one 3‑bedroom, and one 4‑bedroom unit; All units are fully rented through May 2027; Appliances included in each unit, with laundry units included
    More about this property
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