Quadplex with 2024 Siding
For Sale
$270,000
706 W 12th Street, Cedar Falls, IA 50613
MULTI_FAMILY - Cedar Falls, IA
Property SizeContact for details
Lot Size0.24 Acres
Days on Market49
Property Features for 706 W 12th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-M
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4
Parking features
Garage
Elementary school
Lincoln Elementary CF
Middle school
Holmes Junior High
High school
Cedar Falls High
Standard status
Active
APN
891413101008
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
PACIFIC ADDITION LOT 144
Tax Annual Amount
2945
Legal Description
PACIFIC ADDITION LOT 144
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Oakridge Real Estate
(319) 277-5005
Listed By:
Dave Woods
(319) 242-2720
Added: Jul 1
Changed: Aug 13
Last Checked: Aug 18 at 8:06PM
MLS# 20262963
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 quadplex offers four 1-bedroom, 1-bath units. Three of the four units are currently leased, and the fourth unit’s lease is set to begin in May. Each unit includes a refrigerator and stove. The owner pays gas, water, lawn care, and snow removal. The property has also had ongoing maintenance during the seller’s ownership, including paint, plumbing, flooring, and kitchen and bath updates.
Exterior improvements include new siding and window casings in 2024. The building is constructed with vinyl siding and features a mix of forced-air, natural gas heating with window unit cooling. Public water and public sewer service support the property, and there is garage parking.
Built in 1900 and zoned R-M, this configuration can appeal to an owner-operator or investor looking for a small multifamily portfolio with multiple similarly sized units.
Exterior improvements include new siding and window casings in 2024. The building is constructed with vinyl siding and features a mix of forced-air, natural gas heating with window unit cooling. Public water and public sewer service support the property, and there is garage parking.
Built in 1900 and zoned R-M, this configuration can appeal to an owner-operator or investor looking for a small multifamily portfolio with multiple similarly sized units.
Key Highlights
- Three of four units leased, with the fourth unit lease beginning in May
- All four units are 1 bed, 1 bath with refrigerator and stove
- Owner pays gas, water, lawn care, and snow removal
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
294
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?
Quadplex - R-M zoned quadplex on a 0.24-acre lot with forced-air natural gas heat, window A/C, public water and sewer.
Where is this quadplex located?
The property is located at 706 W 12th Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Three of four units leased, with the fourth unit lease beginning in May; All four units are 1 bed, 1 bath with refrigerator and stove; Owner pays gas, water, lawn care, and snow removal
