Residential Income

Cedar Falls, IA Residential Income Properties for Sale

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Three-Unit Multifamily Property
Updated: Jul 2
Three-Unit Multifamily Property

2508 Olive Street, Cedar Falls, IA 50613

$235,000
0.20 AC lot
Three 2‑bedroom apartments
All units leased through May 2027
R‑3 zoning on a 0.2‑acre parcel
Off‑street parking with rear alley access
Central air and forced‑air natural gas heating
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Four-Unit Quadplex with Parking
Updated: Jul 2
Four-Unit Quadplex with Parking

2504 Olive Street, Cedar Falls, IA 50613

$235,000
0.20 AC lot
Four apartments: three 1‑bedroom units and one 2‑bedroom unit
All units rented through May 2027
R‑4 zoning on a 0.2‑acre parcel
Appliances included in each unit; utilities included except internet
Off‑street parking with rear alley access
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Occupied Duplex with Split Utilities
Occupied Duplex with Split Utilities

526 W 8th Street, Cedar Falls, IA 50613

$179,900
0.20 AC lot

Two-unit residential property with separate utility systems, assigned parking, and central air conditioning.

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See what stands out in Black Hawk County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Four-Unit Residential Income Property
Four-Unit Residential Income Property

2503 Olive Street, Cedar Falls, IA 50613

$265,900
3,298 sqft

Four well-maintained units include dishwashers, stoves, and refrigerators, plus on-site coin-operated laundry.

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Quadplex with Updated Siding
Quadplex with Updated Siding

706 W 12th Street, Cedar Falls, IA 50613

$270,000
0.24 AC lot

Four one-bedroom apartments feature individual electric meters, refrigerators, and stoves.

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Seven-Unit Apartment Building
Seven-Unit Apartment Building

2416 Olive Street, Cedar Falls, IA 50613

$410,000
0.15 AC lot

Unit mix includes studios and one- to four-bedroom apartments with on-site laundry and alley-accessible parking.

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Quadplex Near UNI Campus
Quadplex Near UNI Campus

2503 Olive Street, Cedar Falls, IA 50613

$265,900
0.13 AC lot

Four-unit residential property with updated interiors, shared coin-operated laundry, and walkable access to campus amenities.

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Four-Plex with 1-Bed Units
Four-Plex with 1-Bed Units

706 W 12th Street, Cedar Falls, IA 50613

$270,000
2,071 sqft

Three of four units are leased with the fourth starting in May; owner covers gas, water, lawn care, and snow removal.

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Six-Unit Apartment Building
Six-Unit Apartment Building

2115 Walnut Street, Cedar Falls, IA 50613

$419,000
0.30 AC lot

R-M-zoned property with basement laundry facilities and concrete parking accessed from the alley.

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8-Unit Apartment Building
8-Unit Apartment Building

2221 Olive Street, Cedar Falls, IA 50613

$419,000
0.15 AC lot

R-M-zoned residential property near campus with a mix of one-bedroom and efficiency apartments.

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Up-Down Duplex Income Property
Up-Down Duplex Income Property

721 Olive St, Cedar Falls, IA 50613

$165,000
1,392 sqft

Duplex for sale featuring two one-bedroom, one-bath units arranged as an up-down layout.

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Six-Unit Apartment Building
Six-Unit Apartment Building

810 W 25th Street, Cedar Falls, IA 50613

$419,000
0.13 AC lot

Apartment property with vinyl siding, asphalt roofing, public utilities, and on-street parking.

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Occupied Two-Unit Duplex
Occupied Two-Unit Duplex

721 Olive Street, Cedar Falls, IA 50613

$155,000
0.10 AC lot

Up-and-down residential layout with one bedroom and one bathroom in each unit, plus public utilities and on-street parking.

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Occupied Duplex with Off-Street Parking
Occupied Duplex with Off-Street Parking

526 W 8th St, Cedar Falls, IA 50613

$179,900
1,190 sqft

Two-unit property with split utilities, five off-street parking spaces, and convenient access to UNI, shopping, dining, and entertainment.

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Duplex with Basement Laundry
Duplex with Basement Laundry

524 W 6th Street, Cedar Falls, IA 50613

$164,900
0.10 AC lot

R-2-zoned property with distinct upper and lower residences near Main St. in Cedar Falls.

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Duplex with 2-Stall Garage
Duplex with 2-Stall Garage

1622 Franklin Street, Cedar Falls, IA 50613

$149,900
0.20 AC lot

Two-unit property with separate living spaces, shared coin laundry, and a fenced yard in Cedar Falls.

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Six-Unit College Rental Apartment Building
Six-Unit College Rental Apartment Building

810 W 25th Street, Cedar Falls, IA 50613

$419,000
4,906 sqft

Six-unit rental building with unit sizes ranging from one-bedroom to four-bedroom layouts, built in 1920.

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10-Bedroom Apartment Building
10-Bedroom Apartment Building

Cedar Falls, IA 50613

$495,000
0.20 AC lot

R-3-zoned apartment property with public water and sewer, central air, and natural-gas heating.

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19-Unit Apartment Building with Covered Garage
19-Unit Apartment Building with Covered Garage

2609 Olive Street, Cedar Falls, IA 50613

Contact for pricing
36,220 sqft

Masonry construction includes in-unit laundry and separately metered utilities.

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Updated Four-Unit Residential Income
Updated Four-Unit Residential Income

2007 College St, Cedar Falls, IA 50613

$319,000
2,880 sqft

Four updated units feature stainless appliances, new flooring, fresh paint, and exterior improvements including a new roof.

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Duplex with Vacant Upstairs Unit
Duplex with Vacant Upstairs Unit

1622 Franklin St, Cedar Falls, IA 50613

$149,900
2,408 sqft

Duplex includes a tenant-occupied main unit and a vacant upstairs unit, both served by shared coin laundry.

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Remodeled Fourplex Near University of Iowa
Remodeled Fourplex Near University of Iowa

2007 College St, Cedar Falls, IA 50613

$319,000
967 sqft

Fourplex with modern updates near the University of Iowa.

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5-Unit Apartment Building
5-Unit Apartment Building

2222 Walnut Street, Cedar Falls, IA 50613

$499,900

Leased apartment property with paved parking and on-site coin-operated laundry.

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Renovated Motor Lodge in Downtown
Renovated Motor Lodge in Downtown

122 Washington St, Cedar Falls, IA 50613

Contact for pricing

Renovated 15-unit motor lodge with redevelopment potential.

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Cedar Falls, IA Residential Income Properties Market Trends and Statistics

Explore 38 residential income properties for sale in Cedar Falls, IA, showcased through 28 active listings on our real estate platform. These investment opportunities span a total of 55,332 square feet of properties for sale, with an estimated market value of $6,405,200.

Sale prices for residential income properties in Cedar Falls, IA start at $149,900, averaging $291,145, and reaching up to $499,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Multifamily properties 28
Apartment buildings 10
Duplexes 9
Quadplexes 7
Short term rental properties 2

Demographics Overview

Population 44K
Population Growth (5Y) -1.1%
Median Household Income $75,642
College Educated 34.6%

High-Yield Neighborhoods for Investment

Identify Cedar Falls submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
50613 $291.6K

Taxes & Financing

Tax Rate (average for all types) 2.73%
Property Tax per SF $28.35 per SF
Tax Rate vs County Average 0.36 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Black Hawk County

New Delisted

Total CRE Inventory on Market (SF)

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