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Cedar Falls, IA Multifamily Homes & Duplexes for Sale

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  • /28

    $309,500

    • 8 Beds
    • 4 Baths
    • 1,149 Sq Ft

    2503 Olive St, Cedar Falls, IA 50613

    Located just one block from UNI campus, this investment property generates consistent revenue! All units are well-maintained with recent updates. Offering two three-bedroom units and two one-bedroom units, this versatile complex provides options for all students. All four units have dishwasher, stove, and refrigerator. On-site laundry available for tenants to use with coins. Walking distance to

    Mike Taylor Lockard Realty Company

    2503 Olive St, Cedar Falls, IA 50613
  • /6

    $230,000

    • 2 Beds
    • 2 Baths
    • 696 Sq Ft

    721 Olive St, Cedar Falls, IA 50613

    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!

    Nicolas Moran Realty ONE Group Movement

    721 Olive St, Cedar Falls, IA 50613
  • /5

    $230,000

    • 1,080 Sq Ft

    603 Iowa St, Cedar Falls, IA 50613

    Investment Opportunity! Duplex in Prime Cedar Falls Location – Walk to Downtown! This property is currently under lease for $1,650 a month so there is room to raise rents in the future. The current renter recently resigned a year lease so no need to find new tenants right away! Don't miss this rare opportunity to own a duplex just steps from vibrant downtown Cedar Falls! This versatile

    Blake Keating AWRE - Commercial & Development

    603 Iowa St, Cedar Falls, IA 50613
  • /15

    $252,000

    • 5 Beds
    • 3 Baths
    • 1,653 Sq Ft

    1003 Bluff St, Cedar Falls, IA 50613

    Fantastic investment opportunity within walking distance of Main St. Cedar Falls! Main floor includes 4 beds and 2 baths, ample sized living room, kitchen with oven/stove, refrigerator, and dishwasher. Upstairs has 1 bed and 1 bath, kitchen with oven/stove & refrigerator, and includes washer/dryer in the unit. This property also boasts an oversized, detached 2-stall garage. Great duplex to add to

    Greg Schneider Fischels Residential Group

    1003 Bluff St, Cedar Falls, IA 50613
  • /38

    $592,900

    • 6 Beds
    • 6 Baths
    • 546 Sq Ft

    214 N Francis St, Cedar Falls, IA 50613

    **Investors Dream: Modern Duplex in Cedar Falls!** Introducing a fantastic investment opportunity in Cedar Falls! This super clean duplex, built in 2018, features spacious 3 bedrooms and 3.5 baths on each side, making it perfect stylish living space. Currently rented through early summer 2026 at $1,800 per side, this property offers instant revenue with reliable tenants already in place. Each

    Sara Wegmann Oakridge Real Estate

    214 N Francis St, Cedar Falls, IA 50613
  • /25

    $255,000

    • 1,144 Sq Ft

    2404 Olive St, Cedar Falls, IA 50613

    Large duplex close to UNI campus with great rental history and appeal. Both units are very large and have many updates. Fresh paint and new flooring enhance the appeal for prospective tenants. Gross rents are $2300 per month and tenants pay all utilities. Tons of paved off street parking and plenty of upside in rent rates. This property may also be sold in a package with other listings located

    Bond Shymansky Skogman Realty

    2404 Olive St, Cedar Falls, IA 50613
  • /17

    $190,000

    • 1,000 Sq Ft

    1316 Main St, Cedar Falls, IA 50613

    Great investment in prime location on Main St in Cedar Falls. Fully rented duplex with strong rental history. Brand new roof, fresh paint and updates to the upper unit. Long term main floor tenant. Tenants pay all their own utilities. Gross rents for both units are $1700 a month. This property may also me purchased as part of a group of properties owned by the same LLC. Other properties are

    Bond Shymansky Skogman Realty

    1316 Main St, Cedar Falls, IA 50613
  • /20

    $235,000

    • 1,000 Sq Ft

    2415 Olive St, Cedar Falls, IA 50613

    Classic three story rental duplex located right next to UNI campus. Strong rental history with current tenants. Tenants pay all utilities. Gross rents are currently $2,150 per month. Many improvements inside and out. New exterior stairs for both units, fresh paint in the upper unit, and new water heater. The first level unit has 2 beds and 1 bath, with in unit washer and dryer. The upper

    Bond Shymansky Skogman Realty

    2415 Olive St, Cedar Falls, IA 50613
  • /28

    $297,400

    • 7 Beds
    • 2 Baths
    • 1,148 Sq Ft

    1416 Starview Dr, Cedar Falls, IA 50613

    This remodeled duplex is a great investment property! Tucked away in a quiet neighborhood off of Hudson Rd, this will be a great rental option for students and families alike. Brand new kitchen, bathroom, flooring, and paint in both units. Two private entries for both units. Income for the top level is $1600, offering 4 bedrooms and 1 bathroom. Income for lower level is $1575 offering 3 bedrooms

    Mike Taylor Lockard Realty Company

    1416 Starview Dr, Cedar Falls, IA 50613
  • /18

    $294,500

    • 1,412 Sq Ft

    321 Clay St, Cedar Falls, IA 50613

    If you are looking for your next investment opportunity, then look no further. Check out this 4 unit complex just off of main street in Cedar Falls. This property features (3) one bedroom units, and (1) two bedroom unit. The many updates include new paint, new flooring, a newly added laundry room in the basement, and many more. Schedule your showing today to see this great complex!

    Tyler Bice Structure Real Estate

    321 Clay St, Cedar Falls, IA 50613
  • /25

    $319,000

    • 7 Beds
    • 967 Sq Ft

    2007 College St, Cedar Falls, IA 50613

    This beautifully renovated 4-plex in a prime Cedar Falls location offers modern upgrades. Each unit features sleek countertops, stainless steel appliances, and brand-new cabinetry. The interiors are designed for comfort, with generously sized bedrooms, new flooring, and fresh paint throughout. Large windows fill the space with natural light, creating a bright and inviting atmosphere. Recent

    Emsad Begic Vine Valley Real Estate

    2007 College St, Cedar Falls, IA 50613
  • /2

    $7

    Lot 2 Faithway Dr, Cedar Falls, IA 50613

    +/-1.65 acre commercial lot priced at $7.00 PSF. Can be combined with adjoining lot for up to +/-3.26 acres. Great location with visibility from Greenhill Rd. Strong office/retail possibilities!

    Chris Fischels Fischels Commercial Group

    Lot 2 Faithway Dr, Cedar Falls, IA 50613
  • /2

    $7

    Lot 3 Faithway Dr, Cedar Falls, IA 50613

    +/-1.61 acre commercial lot priced at $7.00 PSF. Can be combined with adjoining lot for up to +/-3.26 acres. Great location with visibility from Greenhill Rd. Strong office/retail possibilities!

    Chris Fischels Fischels Commercial Group

    Lot 3 Faithway Dr, Cedar Falls, IA 50613
  • /2

    $3

    12 Acres Cedar Heights Dr, Cedar Falls, IA 50613

    +/-12 acre multi-family development site priced at $3.50 PSF. Ideal location for multi-family development off Cedar Heights Dr. with close proximity to Viking Rd. retail amenities.

    Chris Fischels Fischels Commercial Group

    12 Acres Cedar Heights Dr, Cedar Falls, IA 50613
  • /2

    $4

    2.2 Acres Bluegrass Cir, Cedar Falls, IA 50613

    2.2 acres mixed use site suitable for commercial or multi-family development. Great location within mostly developed neighborhood along Bluegrass Circle. Great opportunity for expansion!

    Chris Fischels Fischels Commercial Group

    2.2 Acres Bluegrass Cir, Cedar Falls, IA 50613
  • /2

    $5

    0.6 Acres Pinnacle Prairie, Cedar Falls, IA 50613

    0.6 Acre mixed-use site suitable for commercial or multi-family development. Great location just off Greenhill Rd. Great opportunity for expansion within thriving Cedar Falls development.

    Chris Fischels Fischels Commercial Group

    0.6 Acres Pinnacle Prairie, Cedar Falls, IA 50613
  • /2

    $5

    1.7 Acres Pinnacle Prairie, Cedar Falls, IA 50613

    1.67 acres flex site in Pinnacle Prairie suitable for commercial development or multi-family use. Great expansion opportunity within the thriving Cedar Falls development.

    Chris Fischels Fischels Commercial Group

    1.7 Acres Pinnacle Prairie, Cedar Falls, IA 50613

Why Live in Cedar Falls

Cedar Falls is a small city of about 40,000 people in Black Hawk County, Iowa. It's anchored by the University of Northern Iowa, a public school with about 9,000 students. The town features an active art community, recreation opportunities and bike lanes, which provide an alternative to driving. Cory Hurless is the cultural programs supervisor for the Hearst Center for the Arts, a city-operated art center, and she recently moved to Iowa from Austin, Texas, to find a similar art scene at a lower cost of living. "The fact that it's a university t ...

Home Trends in Cedar Falls, IA

Housing Trends

Median Sale Price
$285,000
Median Single Family Sale Price
$318,400
Median Townhouse Sale Price
$330,000
Median 2 Bedroom Sale Price
$239,900
Median 1 Bedroom Sale Price
$139,000
Average Price Per Sq Ft
$198
Number of Homes for Sale
92
Last 12 months Home Sales
533
Months of Supply
2.10
Median List Price
$308,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
4%
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