For sale

Price cut: $10K (5/29)

$160,000

1622 Franklin St, Cedar Falls, IA 50613

5beds

2baths

2,408sqft

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Duplex

Built in 1875

-- sqft lot

$-- Zestimate^®

$66/sqft

$-- HOA

What's special

Fenced-in yard

Investor special! This duplex features an upstairs and main-level unit, 2 stall garage with paved driveway, fenced-in yard and a new roof in 2023. The main-level unit is nicely updated and has 2 bedrooms and 1 bathroom with 2 spacious living areas. It is tenant-occupied and rented at $1100/mo. The upstairs unit is currently vacant and has 3 bedrooms and 1 bathroom. There is also shared coin-laundry in the entryway. This is a great investment opportunity; schedule your showing today!

98 days

834

41

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Laundry: 1st Floor

Features

Basement: Interior Entry,Stone/Rock

Interior area

Total structure area: 2,408
Total interior livable area: 2,408 sqft
Finished area above ground: 1,204
Finished area below ground: 0

Property

Parking

Total spaces: 4
Parking features: Garage, Paved, Detached
Uncovered spaces: 4

Features

Levels: Two
Patio & porch: Patio
Fencing: Fenced

Lot

Size: 8,712 Square Feet
Dimensions: 66x132

Details

Parcel number: 891413177006
Zoning: R-2
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Vinyl Siding
Roof: Asphalt

Condition

Year built: 1875

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electric in Rent, Garbage in Rent, Gas in Rent, Water in Rent

Community & HOA

Location

Region: Cedar Falls

Financial & listing details

Price per square foot: $66/sqft
Tax assessed value: $180,050
Annual tax amount: $2,637
Date on market: 4/3/2026
Cumulative days on market: 99 days
Tenant pays: Grounds Care, Snow Removal
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,419/mo

Price history

Date	Event	Price
5/29/2026	Price change	$160,000-5.9%$66/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261328 Report a problem
5/6/2026	Price change	$170,000-8.1%$71/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261328 Report a problem
4/14/2026	Price change	$185,000-7.5%$77/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261328 Report a problem
4/3/2026	Listed for sale	$199,900+329.9%$83/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261328 Report a problem
11/5/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
10/5/2021	Listed for rent	$1,025
Source: Zillow Rental Manager Report a problem
9/26/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
8/26/2021	Listed for rent	$1,025+20.6%
Source: Zillow Rental Manager Report a problem
5/6/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
3/17/2021	Listed for rent	$850
Source: Zillow Rental Manager Report a problem
9/14/1992	Sold	$46,500$19/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,637 +2.9%	$180,050 +9.9%
2024	$2,562 -2.8%	$163,880
2023	$2,636 -1.2%	$163,880 +14.8%
2022	$2,668 +9%	$142,800
2021	$2,448 +2%	$142,800 +8.6%
2020	$2,400 +2.1%	$131,480
2019	$2,350 +0.2%	$131,480 +3.6%
2018	$2,345 +0%	$126,870
2017	$2,344 +4.5%	$126,870
2016	$2,242	$126,870
2015	$2,242 +5.1%	$126,870 +3.8%
2014	$2,134 +7.8%	$122,270 +3.9%
2012	$1,980 +2.5%	$117,670
2011	$1,932 +1.5%	$117,670 +2%
2010	$1,904 +4.1%	$115,320
2009	$1,829 +4.4%	$115,320
2008	$1,753 +3.4%	$115,320 +9.5%
2007	$1,695 -1.7%	$105,290
2006	$1,724 +19.9%	$105,290
2005	$1,438 +2.3%	$105,290 +42%
2003	$1,406 +0.8%	$74,130
2002	$1,394 +7.9%	$74,130 +18%
2001	$1,292	$62,820

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 50613

Getting around

68 / 100

Somewhat Walkable

26 / 100

Some Transit

68 / 100

Bikeable

Nearby schools

GreatSchools rating

7/10
Lincoln Elementary School
Grades: PK-6Distance: 0.6 mi
9/10
Holmes Junior High School
Grades: 7-9Distance: 1.3 mi
7/10
Cedar Falls High School
Grades: 10-12Distance: 1.6 mi

Schools provided by the listing agent

Elementary: Lincoln Elementary CF
Middle: Holmes Junior High
High: Cedar Falls High

Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.