Up-Down Duplex Income
721 Olive St Cedar Falls, IA 50613
New
721 Olive St, Cedar Falls, IA, 50613
$165,000
For Sale
$165,000
Duplex for sale featuring two one-bedroom, one-bath units arranged as an up-down layout.
Property Size1,392 SF
Price / SF$118.53
Days on Market2
Property Features for 721 Olive St
General Information
- Standard status
- Active
- Size
- 1,392 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing agency
Structure Real Estate
(319) 239-7805
Listed by
Bobby Kastli, Jr · License #S63615000
Source
Kwlegacyrealty
Added: Jul 21 Updated: Jul 22 at 12:57AM Checked: Jul 22 at 4:51AM
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 Structure Real Estate
Investment Insights
Based on property information with market context.
This up-down duplex contains two separate one-bedroom, one-bath units. The main floor unit includes one bedroom and one bath, while the upstairs unit provides an additional one bedroom and one bath. The property is described as fully occupied.
Located at 721 Olive St in Cedar Falls, IA, the duplex offers a straightforward two-unit residential income configuration.
Each unit follows the same one-bedroom, one-bath layout, supporting a simple, repeatable living plan across both floors.
Located at 721 Olive St in Cedar Falls, IA, the duplex offers a straightforward two-unit residential income configuration.
Each unit follows the same one-bedroom, one-bath layout, supporting a simple, repeatable living plan across both floors.
Key Highlights
- Up‑down duplex with two one‑bedroom, one‑bath units
- Main‑floor unit offers 1 bed and 1 bath
- Upstairs unit offers 1 bed and 1 bath
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.2k | $13.80 |
| − Vacancy | −$1.0k | −$0.75 |
| EGI | $18.2k | $13.05 |
| − OpEx | −$5.5k | −$3.92 |
| NOI | $12.7k | $9.14 |
1,392 SF · lease $13.80/SF/yr · vacancy 5.42% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$181.7K
$159.0K – $212.0K
NOI $12,718 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$159.7K
$139.7K – $186.3K
NOI $11,176 @ 7.0% cap · market cap 6.77%
Theoretical Best
Mixed Use
$1.74M
$1.53M – $2.04M
NOI $122,148 @ 7.0% cap · market cap 74.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex for sale featuring two one-bedroom, one-bath units arranged as an up-down layout.
Where is this duplex located?
The property is located at 721 Olive St Cedar Falls, IA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Up‑down duplex with two one‑bedroom, one‑bath units; Main‑floor unit offers 1 bed and 1 bath; Upstairs unit offers 1 bed and 1 bath
