$769,000

2500 Olive St Cedar Falls, IA 50613

Estimated payment $4,615/month

Total Views 18
-- Bed
-- Bath
1,500 Sq Ft
$513 Price per Sq Ft

Highlights

  • Central Air
  • Holmes Junior High School Rated A-
  • Baseboard Heating

About This Home

Looking for a stable multi-unit property in one of Cedar Falls’ most reliable rental corridors. Look no further than this well-maintained 7-unit apartment building! Offering a strong blend of charm, functionality, and location. The property features a desirable unit mix that includes two-bedroom, one-bedroom, and studio apartments, appealing to a wide range of renters. A classic brick accent across the front adds curb appeal and character, while the setting provides convenient access to the University of Northern Iowa, nearby shopping, dining, and major employers with easy access to major roads for convenient commute. Several units have been updated with newer flooring and refreshed finishes, creating comfortable, modern living spaces while maintaining the building’s original character. The variety in unit layouts supports flexibility for tenants, from roommates to individual residents, and the property has demonstrated consistent occupancy, reflecting ongoing demand in this area. All measurements approximate.

Listing Agent

Emsad Begic

Vine Valley Real Estate License #B56539000 Listed on: 12/17/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,842

Year Built

  • Built in 1967

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132

Home Design

  • Brick Foundation
  • Asphalt Roof
  • Vinyl Siding

Parking

  • 10 Open Parking Spaces
  • No Garage
  • Parking Available
  • Off-Site Parking

Schools

  • Lincoln Elementary Cf
  • Holmes Junior High
  • Cedar Falls High School

Utilities

  • Central Air
  • Window Unit Cooling System
  • Baseboard Heating

Additional Features

  • Finished Basement

Community Details

  • 7 Units
  • Water Sewer Expense $665

Listing and Financial Details

  • Assessor Parcel Number 891413354015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,842

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Parcel Number: 891413354015
  • Year Built: 1967
  • Property Sub-Type: Apartment
  • PropertyType: Residential Income
  • ResoLaundryFeatures: None
  • Lot Size Acres: 0.2
  • Co List Office Phone: 319-249-5468
  • MLS Status: ACTIVE
  • Above Grade Finished Sq Ft: 1500
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished
  • Below Grade Sq Ft: 1344

Exterior Features

  • Construction Type: Vinyl Siding
  • Foundation Details: Brick/Mortar
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 10
  • Parking Features: Off Site, Parking Pad, Parking Space, None

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Heating: Baseboard
  • Sewer: Public Sewer
  • Utilities: Electric in Rent, Gas in Rent, Water in Rent
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 665

Schools

  • Elementary School: Lincoln Elementary CF
  • High School: Cedar Falls High
  • Middle Or Junior School: Holmes Junior High

Lot Info

  • Zoning: R-3
  • Lot Dimensions: 66x132
  • Lot Size Sq Ft: 8712

Rental Info

  • Tenant Pays: None
  • Lease Term: Other

Multi Family

  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 6842.35

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2025 12/17/25 For Sale $769,000 -- $513 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20255981

Northeast Iowa Regional Board of REALTORS®