Occupied Duplex with Off-Street
For Sale
$179,900
526 W 8th St, Cedar Falls, IA 50613
Two-unit property with split utilities, five off-street parking spaces, and convenient access to UNI, shopping, dining, and entertainment.
Property Size1,190 SF
Price / SF$151.18
Days on Market106
Property Features for 526 W 8th St
General Information
Standard status
Active
Size
1,190 SF
Total Parking Spaces
5
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,556
Building Details
Buildings
1
Listing Agency:
Berkshire Hathaway Home Services One Realty Centre
(319) 288-5382
Listed By:
Jared Hottle · License #S68688000
(319) 288-5382
Source:
Exprealty
Added: May 19
Changed: Aug 31
Last Checked: Aug 31 at 7:26PM
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 Home Services One Realty Centre
Investment Insights
Based on property information with market context.
This duplex includes two occupied units with fully split utilities and five off-street parking spaces. The property offers an income-producing residential configuration with separate utility responsibility for each unit and on-site parking for residents.
Located at 526 W 8th St in Cedar Falls, the property sits between the College Hill district and Main Street. UNI, shopping, dining, and entertainment are minutes away, while the surrounding Cedar Valley area also draws visitors for university events and other activities. The existing occupancy and central setting support continued residential rental use.
Located at 526 W 8th St in Cedar Falls, the property sits between the College Hill district and Main Street. UNI, shopping, dining, and entertainment are minutes away, while the surrounding Cedar Valley area also draws visitors for university events and other activities. The existing occupancy and central setting support continued residential rental use.
Key Highlights
- Two‑unit duplex with both units currently occupied
- Fully split utilities between the units
- Five off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,872
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$217,440
$217.4K
Cap Rate 7%
$155,314
$155.3K
Cap Rate 9%
$120,800
$120.8K
Market Conditions
NOI Build-Up for 1,190 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.4K $13.80/SF
− Vacancy
−$890 −$0.75/SF
EGI
$15.5K $13.05/SF
− OpEx
−$4.7K −$3.92/SF
NOI
$10.9K $9.14/SF
Area
Black Hawk County, IA
Vacancy
5.42%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$217,440
Cap Rate 7%
$155,314
Cap Rate 9%
$120,800
Alternative Uses
Best Use
Multifamily LT 5
$155.3K
$135.9K – $181.2K
NOI $10,872 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$136.5K
$119.4K – $159.2K
NOI $9,554 @ 7.0% cap · market cap 5.31%
Theoretical Best
Mixed Use
$1.49M
$1.31M – $1.74M
NOI $104,423 @ 7.0% cap · market cap 58.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
927
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?
Duplex - Two-unit property with split utilities, five off-street parking spaces, and convenient access to UNI, shopping, dining, and entertainment.
Where is this duplex located?
The property is located at 526 W 8th St Cedar Falls, IA.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two‑unit duplex with both units currently occupied; Fully split utilities between the units; Five off‑street parking spaces
