$288,000
$12K PRICE DROP

321 Clay St Cedar Falls, IA 50613

Estimated payment $1,966/month

Total Views 10,418
-- Bed
-- Bath
1,412 Sq Ft
$204 Price per Sq Ft

Highlights

  • Garage
  • Holmes Junior High School Rated A-
  • 2-minute walk to Overman Park

About This Home

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!

Listing Agent

Tyler Bice

Structure Real Estate License #S64843000 Listed on: 02/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,503

Year Built

  • Built in 1880

Lot Details

  • 5,478 Sq Ft Lot
  • Lot Dimensions are 66 x 83

Home Design

  • Asphalt Roof
  • Vinyl Siding

Parking

  • Garage
  • 1 Open Parking Space
  • On-Street Parking

Schools

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

Additional Features

  • Laundry on main level
  • Window Unit Cooling System
  • Partially Finished Basement

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 891412186006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,503

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Parcel Number: 891412186006
  • Year Built: 1880
  • Property Sub-Type: Quadruplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: 1st Floor
  • Co List Office Phone: 319-260-2016
  • MLS Status: ACTIVE
  • Above Grade Finished Sq Ft: 1412
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished
  • Below Grade Sq Ft: 1412

Exterior Features

  • Construction Type: Vinyl Siding
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 1
  • Parking Features: Garage, On Street, Attached

Utilities

  • Cooling: Window Unit(s)
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public

Schools

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

Lot Info

  • Zoning: C-1
  • Lot Dimensions: 66 x 83
  • Lot Size Sq Ft: 5478

Rental Info

  • Tenant Pays: Garbage Pick-up, Gas, Heat, Trash Collection, Water
  • Lease Term: Over 9 Months

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4502.96

Map

Range of Values:

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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 $3,992 $228,890 $26,070 $202,820
2023 $4,502 $228,890 $26,070 $202,820
2022 $4,086 $218,730 $31,280 $187,450
2021 $3,684 $218,730 $31,280 $187,450
2020 $3,612 $197,900 $31,280 $166,620
2019 $3,612 $197,900 $31,280 $166,620
2018 $3,400 $184,010 $31,280 $152,730
2017 $3,212 $184,010 $31,280 $152,730
2016 $3,006 $170,130 $31,280 $138,850
2015 $3,006 $170,130 $31,280 $138,850
2014 $3,410 $170,130 $31,280 $138,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Price Changed $288,000 -2.2% $204 / Sq Ft
04/15/2025 04/15/25 Price Changed $294,500 -1.7% $209 / Sq Ft
02/24/2025 02/24/25 Price Changed $299,500 0.0% $212 / Sq Ft
02/10/2025 02/10/25 Off Market -- -- --
02/06/2025 02/06/25 For Sale $300,000 0.0% $212 / Sq Ft
01/20/2025 01/20/25 For Rent -- -- --
Source: Northeast Iowa Regional Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $265,000 Title Services
Warranty Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $198,750 New Conventional
Previous Owner $6,003,500 New Conventional
Previous Owner $2,800,000 Small Business Administration
Previous Owner $100,000 Commercial
Source: Public Records

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Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20250501

Northeast Iowa Regional Board of REALTORS®

APN: 8914-12-186-006

Iowa Black Hawk County Cedar Falls 50613

321 Clay St, Cedar Falls, IA

This home is located at 321 Clay St, Cedar Falls, IA 50613 and is currently priced at $288,000, approximately $203 per square foot. This property was built in 1880. 321 Clay St is a home located in Black Hawk County with nearby schools including Lincoln Elementary School, Holmes Junior High School, and Cedar Falls High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northeast Iowa Regional Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Tyler Bice
Listing Agent
Tyler Bice
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Structure Real Estate
(319) 727-1116