For Sale
$360,000

2503 Olive St Cedar Falls, IA 50613

8-bed, 6-bath fourplex near college. High rental income.

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional investment opportunity presents a four-unit multifamily property located at 2503 Olive Street, Cedar Falls, Iowa, 50613. The property, built in 1890, boasts a total of 3,298 square feet on a 5,561 square foot lot and is zoned R-4. The two-story building comprises four units: two three-bedroom units and two one-bedroom units, totaling eight bedrooms and six full bathrooms. Each unit offers comfortable living space and modern amenities. A fully finished basement provides convenient on-site laundry facilities for tenants. The property's proximity to the college campus makes it ideal for student renters, ensuring consistent rental income and strong long-term growth potential. The asking price is $360,000, translating to $109.16 per square foot. Seller financing is available. This stabilized rental investment offers a compelling opportunity for investors seeking a strong return in a desirable location. The property's solid construction and high occupancy potential make it a particularly attractive investment.

Highlights

  • Four-unit multifamily property at 2503 Olive Street, Cedar Falls, IA 50613.
  • 3,298 square feet on a 5,561 square foot lot, zoned R-4.
  • Two three-bedroom units and two one-bedroom units (eight bedrooms, six baths total).
  • Fully finished basement with laundry facilities.
  • Excellent location near college campus, ideal for student rentals.
  • Asking price: $360,000 ($109.16/SF); seller financing available.

Property Details for 2503 Olive St

Property type
Residential income homes, Dormitories
Square Feet
3,298 SF
Year Built
1890
Stories
2
Units
4

Location Insight

City
Cedar Falls
County
Black Hawk
State
Iowa
Latitude
42.5148043
Longitude
-92.4549971
2503 Olive St, Cedar Falls, Iowa

FAQs

What type of property is this?
Residential income home - 8-bed, 6-bath fourplex near college. High rental income.
Where is the residential income home located?
The property is located at 2503 Olive St Cedar Falls, IA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Four-unit multifamily property at 2503 Olive Street, Cedar Falls, IA 50613.; 3,298 square feet on a 5,561 square foot lot, zoned R-4.; Two three-bedroom units and two one-bedroom units (eight bedrooms, six baths total).
How can I contact the broker?
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2503 Olive St
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