$309,500

2503 Olive St Cedar Falls, IA 50613

Estimated payment $2,018/month

Total Views 4,904
8 Beds
4 Baths
1,149 Sq Ft
$269 Price per Sq Ft

Highlights

  • Tiered Deck
  • Holmes Junior High School Rated A-
  • Laundry Room

About This Home

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 restaurants, coffee shops, campus, the UNI bookstore, and College Hill nightlife. This is a great property to add to your investment portfolio! Schedule a showing today.rents 1-$825-2-$825-3$710--4$650

Listing Agent

Mike Taylor

Lockard Realty Company License #S40482 Listed on: 06/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,707

Year Built

  • Built in 1890

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Partially Finished Basement
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry on lower level

Parking

  • No Garage
  • On-Street Parking

Schools

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

Additional Features

  • Tiered Deck
  • 5,561 Sq Ft Lot
  • Window Unit Cooling System

Community Details

  • 4 Units
  • Water Sewer Expense $350

Listing and Financial Details

  • Assessor Parcel Number 891413357003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,707

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Parcel Number: 891413357003
  • Year Built: 1890
  • Property Sub-Type: Quadruplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Laundry Room, Lower Level
  • Co List Office Phone: 319-277-8000
  • MLS Status: ACTIVE
  • Above Grade Finished Sq Ft: 1149
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished, Walk-Out Access
  • Total Bedrooms: 8
  • Below Grade Sq Ft: 500

Exterior Features

  • Construction Type: Vinyl Siding
  • Exterior Features: Deck-Multi-Level
  • Siding: Vinyl

Garage/Parking

  • Parking Features: On Street, None

Utilities

  • Cooling: Window Unit(s)
  • Sewer: Public Sewer
  • Utilities: Elec Individual Meters
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 350

Schools

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

Lot Info

  • Zoning: R-4
  • Lot Dimensions: .128
  • Lot Size Sq Ft: 5561

Rental Info

  • Tenant Pays: Electricity, Garbage Pick-up, Gas, Heat
  • Lease Term: Month To Month

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3707

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,708 $237,160 $28,640 $208,520
2023 $3,374 $237,160 $28,640 $208,520
2022 $4,415 $182,750 $34,360 $148,390
2021 $3,658 $182,750 $34,360 $148,390
2020 $3,878 $164,200 $34,360 $129,840
2019 $3,878 $129,840 $0 $129,840
2018 $4,134 $123,660 $0 $123,660
2017 $4,322 $123,660 $0 $123,660
2016 $4,330 $123,660 $0 $123,660
2015 $4,330 $123,660 $0 $123,660
2014 $4,622 $160,130 $34,360 $125,770
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 For Sale $309,500 -0.2% $269 / Sq Ft
12/15/2020 12/15/20 Sold $310,000 -10.5% $270 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
10/06/2020 10/06/20 Price Changed $346,500 -1.4% $302 / Sq Ft
08/14/2020 08/14/20 Price Changed $351,500 -17.8% $306 / Sq Ft
08/14/2020 08/14/20 For Sale $427,500 -- $372 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $310,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $232,500 Future Advance Clause Open End Mortgage
Previous Owner $75,000 Credit Line Revolving
Previous Owner $33,000 Credit Line Revolving
Previous Owner $21,000 Credit Line Revolving
Source: Public Records

Similar Home in Cedar Falls, IA

  • 1416 Starview Dr, Cedar Falls, IA 50613

    $297,400

    • 7 Beds
    • 2 Baths
    • 1,148 Sq Ft
    • 1416 Starview Dr
    • Cedar Falls, IA

    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

    Section Image

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20252770

Northeast Iowa Regional Board of REALTORS®

APN: 8914-13-357-003