Three-Unit Multifamily
For Sale
$235,000
2508 Olive Street, Cedar Falls, IA 50613
Residential Income, Cedar Falls, IA
Property SizeContact for details
Lot Size0.20 Acres
Days on Market52
Property Features for 2508 Olive Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-3
Bedrooms
6
Rooms
Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 5, Bedroom 4, Bedroom 1
Elementary school
Lincoln Elementary CF
Middle school
Holmes Junior High
High school
Cedar Falls High
Standard status
Active
APN
891413354013
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
NORMAL ADDITION LOT 12 BLK 20
Tax Annual Amount
3103
Legal Description
NORMAL ADDITION LOT 12 BLK 20
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Number of units
3
Building materials
Frame
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 20
Last Checked: Aug 22 at 1:06PM
MLS# 20263027
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 frame-built multifamily property contains three apartments, each configured with two bedrooms. The units include appliances, central air, and forced-air natural gas heating. Built in 1890, the property has an asphalt roof and is served by public water and public sewer. R-3 zoning supports its multifamily configuration.
The property occupies 0.2 acres at 2508 Olive Street in Cedar Falls, Iowa. It is within walking distance of the university and offers off-street parking with convenient access from the rear alley. All three apartments are leased through May 2027, providing established occupancy across the building.
The property occupies 0.2 acres at 2508 Olive Street in Cedar Falls, Iowa. It is within walking distance of the university and offers off-street parking with convenient access from the rear alley. All three apartments are leased through May 2027, providing established occupancy across the building.
Key Highlights
- Three 2‑bedroom apartments
- All units leased through May 2027
- R‑3 zoning on a 0.2‑acre parcel
Property Analytics
Property Profile
Current Use
Lease Details
3
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?
Triplex - Fully leased apartments with included appliances, off-street parking, and alley access.
Where is this triplex located?
The property is located at 2508 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: Three 2‑bedroom apartments; All units leased through May 2027; R‑3 zoning on a 0.2‑acre parcel
