603 Iowa St Cedar Falls, IA 50613
Estimated payment $1,443/month
About This Home
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 property offers two spacious units perfect for owner-occupants, investors, or multi-generational living. Upper Unit: 2 bright and airy bedrooms 1 full bathroom Comfortable living space with plenty of natural light Kitchen with functional layout Main Level Unit: 3 generously sized bedrooms 1 full bathroom Kitchen with great potential for updates Additional highlights include off-street parking, a shared backyard space, and a location that can’t be beat. You're just a short walk from Main Street shops, restaurants, parks, and entertainment. Whether you're looking to live in one unit and rent the other, or add a strong performer to your investment portfolio, this duplex offers flexibility in a fantastic location! Schedule your showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,180
Year Built
- Built in 1917
Lot Details
- 4,950 Sq Ft Lot
- Lot Dimensions are 66x75
Home Design
- Duplex
- Asphalt Roof
- Aluminum Siding
Parking
- 4 Open Parking Spaces
- On-Street Parking
Schools
- Lincoln Elementary Cf
- Holmes Junior High
- Cedar Falls High School
Additional Features
- Washer and Gas Dryer Hookup
- Central Air
- Partially Finished Basement
Community Details
- 2 Units
- Water Sewer Expense $1
Listing and Financial Details
- Assessor Parcel Number 891412311004
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,272 | $231,690 | $36,140 | $195,550 |
| 2024 | $3,272 | $203,350 | $24,090 | $179,260 |
| 2023 | $3,206 | $203,350 | $24,090 | $179,260 |
| 2022 | $3,244 | $173,650 | $24,090 | $149,560 |
| 2021 | $3,076 | $173,650 | $24,090 | $149,560 |
| 2020 | $3,016 | $165,220 | $15,660 | $149,560 |
| 2019 | $3,016 | $165,220 | $15,660 | $149,560 |
| 2018 | $2,782 | $150,530 | $15,660 | $134,870 |
| 2017 | $2,842 | $150,530 | $15,660 | $134,870 |
| 2016 | $2,660 | $150,530 | $15,660 | $134,870 |
| 2015 | $2,660 | $150,530 | $15,660 | $134,870 |
| 2014 | $2,480 | $138,800 | $15,660 | $123,140 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | Price Changed | $223,000 | -3.0% | $206 / Sq Ft |
| 06/03/2025 06/03/25 | For Sale | $230,000 | -- | $213 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $173,000 | Title Services Corporation | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $77,600 | Credit Line Revolving |
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20252557
APN: 8914-12-311-004
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