Located just one block from UNI campus, this investment property generates consistent revenue! All units are well-maintained with recent updates. Offering two three-bedroom units and two one-bedroom units, this versatile complex provides options for all students. All four units have dishwasher, stove, and refrigerator. On-site laundry available for tenants to use with coins. Walking distance to restaurants, coffee shops, campus, the UNI bookstore, and College Hill nightlife. This is a great property to add to your investment portfolio! Schedule a showing today.
For sale
Price cut: $10K (8/21)
$265,900
2503 Olive St, Cedar Falls, IA 50613
8beds
4baths
3,298sqft
Quadruplex
Built in 1890
-- sqft lot
$255,300 Zestimate®
$81/sqft
$-- HOA
What's special
Two three-bedroom unitsTwo one-bedroom unitsRecent updates
- 58 days
- 382
- 16
Zillow last checked:
Listing updated:
Listed by:
Michael Taylor 319-239-3659,
Lockard Realty Company
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20263036
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Cooling
- Window Unit(s)
Appliances
- Laundry: Laundry Room, Lower Level
Features
- Basement: Partially Finished,Walk-Out Access
Interior area
- Total structure area: 3,298
- Total interior livable area: 3,298 sqft
- Finished area above ground: 1,149
- Finished area below ground: 500
Property
Parking
- Parking features: On Street, None
Features
- Patio & porch: Deck-Multi-Level
Lot
- Size: 5,561 Square Feet
- Dimensions: .128
Details
- Parcel number: 891413357003
- Zoning: R-4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Elec Individual Meters
Community & HOA
Location
- Region: Cedar Falls
Financial & listing details
- Price per square foot: $81/sqft
- Tax assessed value: $237,160
- Annual tax amount: $3,707
- Date on market: 7/5/2026
- Cumulative days on market: 585 days
- Lease term: Month To Month
- Tenant pays: Electricity, Trash Collection, Gas, Heat
Estimated market value
$255,300
$243,000 - $268,000
$1,222/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Price change | $265,900-3.6%$81/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20263036 Report a problem | ||
| 7/5/2026 | Listed for sale | $275,900-3.2%$84/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20263036 Report a problem | ||
| 7/4/2026 | Listing removed | $285,000$86/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20260123 Report a problem | ||
| 6/8/2026 | Price change | $285,000-3.4%$86/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20260123 Report a problem | ||
| 5/7/2026 | Price change | $295,000-5.6%$89/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20260123 Report a problem | ||
| 4/3/2026 | Listing removed | $575 |
Source: Zillow Rentals Report a problem | ||
| 3/25/2026 | Price change | $575-16.1% |
Source: Zillow Rentals Report a problem | ||
| 3/3/2026 | Price change | $685-2.1% |
Source: Zillow Rentals Report a problem | ||
| 1/8/2026 | Listed for sale | $312,500+1%$95/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20260123 Report a problem | ||
| 1/1/2026 | Listing removed | $309,500$94/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252770 Report a problem | ||
| 12/19/2025 | Listed for rent | $700 |
Source: Zillow Rentals Report a problem | ||
| 9/6/2025 | Listed for sale | $309,500$94/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252770 Report a problem | ||
| 8/26/2025 | Pending sale | $309,500$94/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252770 Report a problem | ||
| 6/13/2025 | Listed for sale | $309,500-0.2%$94/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252770 Report a problem | ||
| 6/12/2025 | Listing removed | $310,000$94/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20250242 Report a problem | ||
| 5/28/2025 | Price change | $310,000-4.6%$94/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20250242 Report a problem | ||
| 5/2/2025 | Price change | $324,900-4.4%$99/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20250242 Report a problem | ||
| 1/17/2025 | Listed for sale | $340,000-2.3%$103/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20250242 Report a problem | ||
| 8/8/2024 | Listing removed | -- |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20242455 Report a problem | ||
| 7/18/2024 | Price change | $348,000-3.3%$106/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20242455 Report a problem | ||
| 6/12/2024 | Listed for sale | $360,000+0.3%$109/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20242455 Report a problem | ||
| 1/1/2024 | Listing removed | -- |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20233477 Report a problem | ||
| 10/13/2023 | Price change | $359,000-3%$109/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20233477 Report a problem | ||
| 8/17/2023 | Listed for sale | $370,000+19.4%$112/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20233477 Report a problem | ||
| 12/15/2020 | Sold | $310,000+210%$94/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20204058 Report a problem | ||
| 3/18/2009 | Sold | $100,000+3.1%$30/sqft |
Source: Agent Provided Report a problem | ||
| 11/12/2004 | Sold | $97,000$29/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,816 +2.9% | $284,400 +19.9% |
| 2024 | $3,708 +9.9% | $237,160 |
| 2023 | $3,374 -16.1% | $237,160 +29.8% |
| 2022 | $4,021 +9.9% | $182,750 |
| 2021 | $3,658 -5.6% | $182,750 +11.3% |
| 2020 | $3,877 +0.5% | $164,200 +26.5% |
| 2019 | $3,856 -6.7% | $129,840 +5% |
| 2018 | $4,135 +0% | $123,660 |
| 2017 | $4,134 -4.5% | $123,660 |
| 2016 | $4,330 | $123,660 |
| 2015 | $4,330 -11.2% | $123,660 -22.8% |
| 2014 | $4,878 -8.1% | $160,130 |
| 2012 | $5,310 +22.5% | $160,130 |
| 2011 | $4,336 -1.9% | $160,130 +27.5% |
| 2010 | $4,421 +1.2% | $125,570 |
| 2009 | $4,369 -1.2% | $125,570 |
| 2008 | $4,420 +8.6% | $125,570 +9% |
| 2007 | $4,071 +0.1% | $115,200 |
| 2006 | $4,067 +9.7% | $115,200 |
| 2005 | $3,706 +15.5% | $115,200 +32.4% |
| 2003 | $3,210 +3.7% | $86,980 |
| 2002 | $3,096 -2.6% | $86,980 |
| 2001 | $3,180 | $86,980 |
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 Waterloo
- 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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