$270,000
SOLD NOV 3, 2025

321 Clay St Cedar Falls, IA 50613

-- Bed
-- Bath
1,412 Sq Ft
5,478 Sq Ft Lot

Recently Sold

$191 Per Sq Ft

10% Below List Price

246 Days on Market

Highlights

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

About This Home

As of November 2025

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!

Last Agent to Sell the Property

Tyler Bice

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

Last Buyer's 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

  • Tenant pays for garbage pick-up, gas, heat, trash collection, water
  • 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: Closed
  • 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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2025
Closed on
Nov 3, 2025
Sold by
Fierce Samuel
Bought by
Reuscher Randy
Seller's Agent
Tyler Bice
Structure Real Estate
Buyer's Agent
Tyler Bice
Structure Real Estate
List Price
$300,000
Sold Price
$270,000
Premium/Discount to List
-$30,000
-10%
Views
78

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
144.91%

Purchase Details

Closed on
Mar 1, 2023
Sold by
Cv Properties Llc
Bought by
Fierce Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2021
Sold by
321 Clay Co-Op Inc
Bought by
Cv Properties Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

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

Mortgage History

Date Status Loan Amount Loan Type
Open $198,750 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2025 11/03/25 Sold $270,000 -1.8% $191 / Sq Ft
10/10/2025 10/10/25 Pending -- -- --
09/19/2025 09/19/25 Price Changed $275,000 -4.5% $195 / Sq Ft
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®

Tax History Compared to Growth

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
2025 $4,106 $277,300 $39,110 $238,190
2024 $4,106 $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

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20250501

Northeast Iowa Regional Board of REALTORS®

APN: 8914-12-186-006