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    Three-Unit Apartment Building Title is generated by Realmo AI

    2508 Olive Street, Cedar Falls, IA 50613

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    New
    For Sale
    $235,000

    MULTI_FAMILY - Other - Cedar Falls, IA

    Lot size:
    0.20 Acres
    Added:
    Jul 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jul 3 at 7:06 pm

    Property Features for 2508 Olive Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-3
    Bedrooms
    6
    Rooms
    Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 1
    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

    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

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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# 20263027 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

    • 3‑plex with three 2‑bedroom apartments
    • All units are fully rented through May 2027
    • Appliances included in each unit
    • Off‑street parking with ease of alley access in back
    • Frame construction with asphalt roof
    • Forced‑air natural gas heat and central air; public water and public sewer

    Overview

    This three-unit apartment building offers three separate 2-bedroom apartments. According to the seller, all units are currently fully rented through May 2027. Each apartment includes its appliances, helping reduce move-in friction for incoming tenants. Off-street parking is available, and the property’s parking can be accessed via an alley at the rear.

    Located at 2508 Olive Street in Cedar Falls, Iowa, the property is described as within walking distance to the university. The home sits on a 0.2-acre lot, providing a compact footprint for a small multi-family operator or investor.

    For investors and buyers seeking a straightforward rental setup, the building’s unit count and bedroom mix may appeal to tenants looking for dedicated 2-bedroom space. The presence of off-street parking and rear alley access adds a practical benefit for day-to-day tenant convenience. With the current occupancy extending through May 2027, this asset may support an owner looking for rental income while maintaining a manageable property scale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Dental Office Barber Shop Department Store Grocery & Convenience Store Electrical Service Nursing Home Skin Care Clinic Auto Parts 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
    -92.454464
    Latitude
    42.514668

    FAQs

    What type of property is this?
    Triplex - Three fully rented 2-bedroom apartments with off-street parking and alley access in R-3 zoning.
    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: 3‑plex with three 2‑bedroom apartments; All units are fully rented through May 2027; Appliances included in each unit
    More about this property
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