6-unit rental property in great college hill area location. (4) 2 bed/1 bath units and (2) 1 bed/1 bath units. $4245/ mo current rent with 5 of the 6 units rented. Market Rent at full occupancy is $5095/mo. Coin operated laundry on site in basement. 10 concrete parking spots off the alley.
For sale
$419,000
2115 Walnut St, Cedar Falls, IA 50613
--beds
--baths
4,760sqft
Apartment
Built in 1900
-- sqft lot
$-- Zestimate®
$88/sqft
$-- HOA
What's special
- 213 days
- 35
- 2
Zillow last checked:
Listing updated:
Listed by:
Brian J Wingert 319-404-4884,
Structure Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20260926
Facts & features
Interior
Cooling
- None
Appliances
- Laundry: Lower Level
Features
- Basement: Exterior Entry
Interior area
- Total structure area: 4,760
- Total interior livable area: 4,760 sqft
- Finished area above ground: 2,470
- Finished area below ground: 2,470
Property
Parking
- Total spaces: 10
- Parking features: On Street, None
- Uncovered spaces: 10
Lot
- Size: 0.3 Acres
- Dimensions: 99x132
Details
- Parcel number: 891413306004
- Zoning: R-M
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Aluminum Siding
- Roof: Rubber
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Paid by Individual, Elec Individual Meters, Garbage Pd by Individual, Gas Individual Meters, Water - Multiple Meters
Community & HOA
Location
- Region: Cedar Falls
Financial & listing details
- Price per square foot: $88/sqft
- Tax assessed value: $391,510
- Annual tax amount: $5,210
- Date on market: 3/9/2026
- Cumulative days on market: 214 days
- Lease term: Over 9 Months
- Tenant pays: Electricity, Trash Collection, Gas, Heat, Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Price change | $419,000-4.6%$88/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20260926 Report a problem | ||
| 3/9/2026 | Listed for sale | $439,000+43%$92/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20260926 Report a problem | ||
| 10/15/2025 | Listing removed | $900 |
Source: Zillow Rentals Report a problem | ||
| 9/9/2025 | Listed for rent | $900 |
Source: Zillow Rentals Report a problem | ||
| 12/28/2010 | Sold | $307,000$64/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,210 +2.9% | $391,510 +20.9% |
| 2024 | $5,062 -3.2% | $323,780 |
| 2023 | $5,232 -16.1% | $323,780 +14.2% |
| 2022 | $6,236 +9.6% | $283,400 |
| 2021 | $5,687 -5.6% | $283,400 +11% |
| 2020 | $6,027 +0.5% | $255,250 +29.5% |
| 2019 | $6,000 -6.7% | $197,040 +5% |
| 2018 | $6,433 0% | $187,660 |
| 2017 | $6,434 -4.5% | $187,660 |
| 2016 | $6,736 | $187,660 |
| 2015 | $6,736 -10.1% | $187,660 -23.7% |
| 2014 | $7,492 -8.1% | $245,870 |
| 2012 | $8,153 -8.3% | $245,870 |
| 2011 | $8,895 -1.9% | $245,870 -4.6% |
| 2010 | $9,069 +1.2% | $257,610 |
| 2009 | $8,964 -1.7% | $257,610 |
| 2008 | $9,115 +8.6% | $257,610 +8.4% |
| 2007 | $8,394 +0.1% | $237,550 |
| 2006 | $8,386 +29.7% | $237,550 |
| 2005 | $6,468 +15.5% | $237,550 +56.5% |
| 2003 | $5,601 +3.7% | $151,790 |
| 2002 | $5,402 -6.6% | $151,790 |
| 2001 | $5,781 | $151,790 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 50613
Nearby schools
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.
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