19-Unit Apartment Building with Covered
For Sale
Contact for pricing
2609 Olive Street, Cedar Falls, IA 50613
Masonry construction includes in-unit laundry and separately metered utilities.
Property Size36,220 SF
Days on Market12
Property Features for 2609 Olive Street
General Information
Standard status
Active
Size
36,220 SF
Class
A
Total Parking Spaces
54
Property subtype
Multifamily
Zoning
R-4
Occupancy
89%
Investment Type
Value Add
Net Operating Income
$223,948
Additional Details
Multifamily Units
19
Amenities
in-unit laundry
separately metered utilities
Building Details
Year Built
2004
Buildings
1
Stories
3
Units
19
Tenancy
Multi
Construction
masonry
Listing Agency:
Berkshire Hathaway HomeServices One Realty Centre Waterloo
(319) 288-5382
Listed By:
Jared Hottle · License #S68688000
Source:
Crexi
Added: Aug 12
Changed: Aug 22
Last Checked: Aug 22 at 2:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices One Realty Centre Waterloo
Investment Insights
Based on property information with market context.
Built in 2004, this 19-unit apartment property features masonry construction and spacious four-bedroom layouts averaging approximately 1,500 square feet. Each residence includes in-unit laundry and separately metered utilities. The property also provides a 54-stall covered garage and is professionally managed. The building is zoned R-4.
Located at 2609 Olive Street in Cedar Falls, the community sits one block from the University of Northern Iowa within the College Hill district. The property’s UNI-adjacent setting places it in a multifamily submarket where occupancy is reported above 95%, while broader market vacancy is cited at 3%–7%. Two vacancies are currently available for lease, and in-place rents are identified as below market levels.
Located at 2609 Olive Street in Cedar Falls, the community sits one block from the University of Northern Iowa within the College Hill district. The property’s UNI-adjacent setting places it in a multifamily submarket where occupancy is reported above 95%, while broader market vacancy is cited at 3%–7%. Two vacancies are currently available for lease, and in-place rents are identified as below market levels.
Key Highlights
- 19‑unit apartment community built in 2004
- 54‑stall covered garage
- Four‑bedroom floor plans averaging approximately 1,500 square feet
Property Analytics
Current Use
Lease Details
19
Residential units
Location Intelligence
Trade Area within ½ mile
495
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 - Masonry construction includes in-unit laundry and separately metered utilities.
Where is this apartment building located?
The property is located at 2609 Olive Street Cedar Falls, IA.
What are key features of this property?
This property features: 19‑unit apartment community built in 2004; 54‑stall covered garage; Four‑bedroom floor plans averaging approximately 1,500 square feet
