Up-Down Duplex Income
For Sale
$155,000
721 Olive Street, Cedar Falls, IA 50613
Duplex for sale featuring two one-bedroom, one-bath units arranged as an up-down layout.
Property Size1,392 SF
Price / SF$111.35
Days on Market266
Property Features for 721 Olive Street
General Information
Standard status
Active
Size
1,392 SF
Property subtype
Multi-Family
Zoning
R-2
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,203
Amenities
Block,Entrance-Inside,Floor Drain
Lower Level
696
Public
66 X 66
Parking Space,On Street,None
Hard Surface Road
Building Details
Year Built
1920
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Legacy Group
(319) 393-0900
Listed By:
Delmar Yoder
(319) 430-2711
Source:
Pinnaclerealtyia
Added: Jan 29
Changed: Oct 21
Last Checked: Oct 20 at 6:08PM
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 Keller Williams Legacy Group
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,718
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,360
$254.4K
Cap Rate 7%
$181,686
$181.7K
Cap Rate 9%
$141,311
$141.3K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$19.2K $13.80/SF
− Vacancy
−$1.0K −$0.75/SF
EGI
$18.2K $13.05/SF
− OpEx
−$5.5K −$3.92/SF
NOI
$12.7K $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 Rate 5%
$254,360
Cap Rate 7%
$181,686
Cap Rate 9%
$141,311
Alternative Uses
Best Use
Multifamily LT 5
$181.7K
$159.0K – $212.0K
NOI $12,718 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$159.7K
$139.7K – $186.3K
NOI $11,176 @ 7.0% cap · market cap 7.21%
Theoretical Best
Mixed Use
$1.74M
$1.53M – $2.04M
NOI $122,148 @ 7.0% cap · market cap 78.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
864
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
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 Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $155,000.
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
