Four-Unit Quadplex with
For Sale
$235,000
2504 Olive Street, Cedar Falls, IA 50613
Residential Income, Cedar Falls, IA
Property SizeContact for details
Lot Size0.20 Acres
Days on Market59
Property Features for 2504 Olive Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-4
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 5
Exterior features
Covered
Elementary school
Lincoln Elementary CF
Middle school
Holmes Junior High
High school
Cedar Falls High
Standard status
Active
APN
89143354010
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
NORMAL ADDITION LOT 13 BLK 20
Tax Annual Amount
2935
Legal Description
NORMAL ADDITION LOT 13 BLK 20
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Number of units
4
Building materials
Vinyl Siding
Roof type
Asphalt
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: Aug 29 at 7:06PM
MLS# 20263024
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-4-zoned quadplex contains four apartments: three one-bedroom units and one two-bedroom unit. Each apartment includes appliances, while utility service is provided except for internet. The building was constructed in 1890 and features vinyl siding, asphalt roofing, central air, and natural-gas forced-air heat.
All four apartments are leased through May 2027. The property includes 0.2 acres with off-street parking and rear alley access for entry and exit. Public water and public sewer serve the building, and the university is within walking distance.
All four apartments are leased through May 2027. The property includes 0.2 acres with off-street parking and rear alley access for entry and exit. Public water and public sewer serve the building, and the university is within walking distance.
Key Highlights
- Four apartments: three 1‑bedroom units and one 2‑bedroom unit
- All units rented through May 2027
- R‑4 zoning on a 0.2‑acre parcel
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income property with separate apartments, included appliances, and public utilities except internet.
Where is this quadplex located?
The property is located at 2504 Olive Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Four apartments: three 1‑bedroom units and one 2‑bedroom unit; All units rented through May 2027; R‑4 zoning on a 0.2‑acre parcel
