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    Four-Unit Residential Income Property Title is generated by Realmo AI

    706 W 12th Street, Cedar Falls, IA 50613

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    New
    For Sale
    $270,000

    MULTI_FAMILY - Cedar Falls, IA

    Lot size:
    0.24 Acres
    Added:
    Jul 1, 2026
    Days on Market:
    2
    Last Refresh:
    Jul 2 at 4:06 pm

    Property Features for 706 W 12th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-M
    Bathrooms
    4
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
    Parking features
    Garage
    Standard status
    Active
    APN
    891413101008
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Description
    PACIFIC ADDITION LOT 144
    Tax Annual Amount
    2945

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    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

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    Dave Woods

    Listing agent Dave Woods

    Listing office Oakridge Real Estate 3313 Terrace Drive, Cedar Falls, IA

    Listing date Jul 1, 2026

    MLS# 20262963 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

    • 4‑plex with all 1 bed/1 bath units; 3 units currently leased and the 4th unit lease begins in May
    • Monthly rent: Unit 1 $900/mo, Unit 2 $775/mo, Unit 3 $750/mo, Unit 4 $750/mo
    • Owner‑paid utilities/maintenance include gas, water, lawn care, and snow removal; individual electric meters in place
    • Updates since seller ownership include new siding and window casings in 2024, plus interior paint, plumbing, flooring, and kitchen/bath work
    • Exterior and systems: vinyl siding, asphalt roof, forced‑air natural gas heat, and window AC units
    • Parking includes a garage; public water and public sewer

    Overview

    This four-unit residential property features four separate 1-bedroom, 1-bath units, each equipped with a refrigerator and stove. Three of the four units are currently leased, and the remaining unit is scheduled to begin its lease in May. Each unit has its own electric meter. The owner currently pays for gas, water, lawn care, and snow removal.

    The building is located at 706 W 12th Street in Cedar Falls, Iowa, on a 0.24-acre lot. The property is zoned R-M. The seller reports ongoing proactive maintenance during their ownership, including paint, plumbing, flooring, and updates to the kitchens and baths. In 2024, new siding and window casings were installed.

    For buyers or operators seeking a compact multifamily setup, the consistent unit mix (all 1 bed / 1 bath) can simplify leasing and turnover. With three units already leased and a fourth planned to start in May, the property offers an established rental schedule. The combination of individual electric metering and owner-paid utilities and exterior services may also help standardize operating costs and resident experience.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    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
    -92.453752
    Latitude
    42.527494

    FAQs

    What type of property is this?
    Quadplex - Four one-bedroom, one-bath units with individual electric meters; three are leased and owner covers select utilities and exterior upkeep.
    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: 4‑plex with all 1 bed/1 bath units; 3 units currently leased and the 4th unit lease begins in May; Monthly rent: Unit 1 $900/mo, Unit 2 $775/mo, Unit 3 $750/mo, Unit 4 $750/mo; Owner‑paid utilities/maintenance include gas, water, lawn care, and snow removal; individual electric meters in place
    More about this property
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