For sale

$235,000

2504 Olive St, Cedar Falls, IA 50613

6beds

4baths

2,284sqft

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Quadruplex

Built in 1890

-- sqft lot

$222,900 Zestimate^®

$103/sqft

$-- HOA

What's special

Off-street parking

LOOKING FOR AN INVESTMENT OPPORTUNITY with a GREAT LOCATION AND WALKING DISTANCE TO THE UNIVERSITY? Then check out this FOUR-PLEX building which includes: three 1-bedroom apartments and one 2-bedroom apartment. All units are fully rented through May 2027. All appliances are included in each unit, and all utilities also included (except internet). Off-street parking with ease of ingress and egress through alley way in back.

11 days

557

18

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Laundry: Laundry Room, Lower Level

Features

Basement: Stone/Rock

Interior area

Total structure area: 2,284
Total interior livable area: 2,284 sqft
Finished area above ground: 1,136
Finished area below ground: 1,136

Property

Parking

Total spaces: 7
Parking features: Parking Space, Paved, None
Uncovered spaces: 7

Features

Levels: Two
Patio & porch: Covered

Lot

Size: 8,712 Square Feet
Dimensions: 66x132

Details

Parcel number: 89143354010
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: Cable Paid by Individual, 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: $103/sqft
Tax assessed value: $222,210
Annual tax amount: $2,935
Date on market: 7/3/2026
Cumulative days on market: 13 days
Lease term: Over 9 Months
Tenant pays: None
Road surface type: Hard Surface Road

Estimated market value

$222,900

$212,000 - $234,000

$1,263/mo

Price history

Date	Event	Price
7/3/2026	Listed for sale	$235,000+26.9%$103/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20263024 Report a problem
12/20/2019	Sold	$185,186-7.4%$81/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20195640 Report a problem
11/18/2019	Pending sale	$200,000$88/sqft
Source: Structure Real Estate #20195640 Report a problem
10/17/2019	Listed for sale	$200,000$88/sqft
Source: Structure Real Estate #20195640 Report a problem
10/13/2019	Listing removed	$850
Source: Willow Falls Report a problem
10/4/2019	Listed for rent	$850+3.7%
Source: Willow Falls Report a problem
7/30/2019	Listing removed	$820
Source: Willow Falls Report a problem
4/26/2019	Listed for rent	$820+21.5%
Source: Willow Falls Report a problem
7/22/2018	Listing removed	$675
Source: Willow Falls Report a problem
7/13/2018	Listed for rent	$675
Source: Willow Falls Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,934 +2.9%	$222,210 +21.9%
2024	$2,851 +5.8%	$182,360
2023	$2,694 -16.1%	$182,360 +24.9%
2022	$3,211 +16.2%	$145,950
2021	$2,764 +11.2%	$145,950 +17.7%
2020	$2,486 +4.8%	$124,040 -8.9%
2019	$2,372 +0.2%	$136,210 +6.3%
2018	$2,367 0%	$128,090
2017	$2,368 +11.7%	$128,090 +6.8%
2016	$2,120	$119,980
2015	$2,120 +1.2%	$119,980
2014	$2,094 -47.4%	$119,980
2012	$3,978 -0.1%	$119,980
2011	$3,980 -1.9%	$119,980 +4.1%
2010	$4,058 +1.2%	$115,280
2009	$4,011 -1.2%	$115,280
2008	$4,058 +8.6%	$115,280 +9%
2007	$3,737 +0.1%	$105,760
2006	$3,733 +16.5%	$105,760
2005	$3,205 +15.5%	$105,760 +40.6%
2003	$2,776 +3.7%	$75,230
2002	$2,677 -9%	$75,230
2001	$2,942	$75,230

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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

69 / 100

Somewhat Walkable

31 / 100

Some Transit

69 / 100

Bikeable

Nearby schools

GreatSchools rating

7/10
Lincoln Elementary School
Grades: PK-6Distance: 1.2 mi
9/10
Holmes Junior High School
Grades: 7-9Distance: 1.5 mi
7/10
Cedar Falls High School
Grades: 10-12Distance: 1.2 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.