Fully rented multi-unit property in a prime Cedar Falls location — just minutes from the college campus and vibrant downtown living. This well-maintained duplex features two 1 bed, 1 bath units. The upstairs unit is currently rented at $900/month, while the downstairs brings in $924/month. Strong rental history and excellent proximity to UNI make this a turnkey opportunity for steady cash flow!
For sale
Price cut: $10K (6/26)
$220,000
721 Olive St, Cedar Falls, IA 50613
2beds
2baths
1,392sqft
Est.:
Duplex
Built in 1920
-- sqft lot
$211,900 Zestimate®
$158/sqft
$-- HOA
What's special
- 77 days
- on Zillow |
- 223 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: June 27, 2025 at 04:01am
Listed by:
Nicolas Moran 319-464-0028,
Realty ONE Group Movement,
Luann Moran 515-341-1310,
Realty ONE Group Movement
Source: Northeast Iowa Regional BOR,MLS#: 20252598
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Laundry: Lower Level
Features
- Basement: Block
Interior area
- Total structure area: 1,392
- Total interior livable area: 1,392 sqft
- Finished area above ground: 696
- Finished area below ground: 696
Property
Parking
- Total spaces: 2
- Parking features: On Street, None
- Uncovered spaces: 2
Features
- Levels: Two
Lot
- Size: 4,356 Square Feet
- Dimensions: 66x66
- Features: Corner Lot
Details
- Parcel number: 891412313006
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Paid by Individual
Community & HOA
Location
- Region: Cedar Falls
Financial & listing details
- Price per square foot: $158/sqft
- Tax assessed value: $155,020
- Annual tax amount: $2,141
- Date on market: 6/5/2025
- Tenant pays: Electricity
