721 Olive St Cedar Falls, IA 50613
Estimated payment $1,097/month
Highlights
- Corner Lot
- Holmes Junior High School Rated A-
- Forced Air Heating System
About This Home
Fully leased multi-unit property in a highly sought-after Cedar Falls location—just minutes from the college campus and the lively downtown district. This well-kept duplex offers two 1-bed, 1-bath units. The upper unit rents for $900/month, and the lower unit brings in $1001/month. Owner pays for water and sewer and the average is between $145-$180 per month. With a solid rental history and unbeatable proximity to UNI, this is a true turnkey investment with reliable cash flow! Owner is a licensed agent in IA.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,141
Year Built
- Built in 1920
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 66x66
- Corner Lot
Home Design
- Duplex
- Block Foundation
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Laundry on lower level
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- 2 Open Parking Spaces
- No Garage
- Parking Available
- On-Street Parking
Schools
- Lincoln Elementary Waterloo
- Holmes Junior High
- Cedar Falls High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Community Details
- 2 Units
- Water Sewer Expense $180
Listing and Financial Details
- Assessor Parcel Number 891412313006
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 | $2,204 | $155,020 | $30,950 | $124,070 |
| 2024 | $2,204 | $136,950 | $19,900 | $117,050 |
| 2023 | $2,062 | $136,950 | $19,900 | $117,050 |
| 2022 | $2,086 | $111,670 | $19,900 | $91,770 |
| 2021 | $1,976 | $111,670 | $19,900 | $91,770 |
| 2020 | $1,938 | $106,140 | $14,370 | $91,770 |
| 2019 | $1,938 | $106,140 | $14,370 | $91,770 |
| 2018 | $1,792 | $96,970 | $14,370 | $82,600 |
| 2017 | $1,830 | $96,970 | $14,370 | $82,600 |
| 2016 | $1,714 | $96,970 | $14,370 | $82,600 |
| 2015 | $1,714 | $96,970 | $14,370 | $82,600 |
| 2014 | $1,666 | $93,210 | $14,370 | $78,840 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/01/2025 12/01/25 | For Sale | $175,000 | -- | $251 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $200,000 | Title Services | |
| Warranty Deed | $135,000 | -- | |
| Warranty Deed | $65,000 | Black Hawk County Abstract & |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $149,200 | New Conventional | |
| Previous Owner | $108,000 | New Conventional |
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20255776
APN: 8914-12-313-006
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