For sale

$235,000

2508 Olive St, Cedar Falls, IA 50613

6beds

--baths

2,804sqft

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Triplex

Built in 1890

-- sqft lot

$223,000 Zestimate^®

$84/sqft

$-- HOA

What's special

Plenty of off-street parking

LOOKING FOR AN INVESTMENT OPPORTUNITY, GREAT LOCATION AND WALKING DISTANCE TO THE UNIVERSITY? Then check out this 3-PLEX which includes Three 2-bedroom apartments. All units are fully rented through May 2027. All appliances are included in each unit, and there is plenty of Off-street parking with ease of alley access in back.

14 days

301

10

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Laundry: Laundry Room

Features

Basement: Exterior Entry

Interior area

Total structure area: 2,804
Total interior livable area: 2,804 sqft
Finished area above ground: 1,042
Finished area below ground: 1,042

Property

Parking

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

Features

Levels: Two or More Stories

Lot

Size: 8,712 Square Feet
Dimensions: 66x132

Details

Parcel number: 891413354013
Zoning: R-3
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Frame
Roof: Asphalt

Condition

Year built: 1890

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Other

Community & HOA

Location

Region: Cedar Falls

Financial & listing details

Price per square foot: $84/sqft
Tax assessed value: $234,320
Annual tax amount: $3,103
Date on market: 7/3/2026
Cumulative days on market: 16 days
Lease term: Over 9 Months
Tenant pays: Electricity
Road surface type: Hard Surface Road

Estimated market value

$223,000

$212,000 - $234,000

$1,518/mo

Price history

Date	Event	Price
7/3/2026	Listed for sale	$235,000+36.2%$84/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20263027 Report a problem
12/21/2018	Sold	$172,500-4.1%$62/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20185480 Report a problem
11/25/2018	Pending sale	$179,900$64/sqft
Source: Lockard Realty Company #20185480 Report a problem
10/15/2018	Price change	$179,900-0.1%$64/sqft
Source: Lockard Realty Company #20185480 Report a problem
10/12/2018	Listed for sale	$180,000$64/sqft
Source: Lockard Realty Company #20185480 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,103 +2.9%	$234,320 +21.5%
2024	$3,014 +0.2%	$192,810
2023	$3,009 -16.1%	$192,810 +18.3%
2022	$3,587 +9.2%	$163,010
2021	$3,286 -5.6%	$163,010 +10.5%
2020	$3,482 +0.3%	$147,480 +35.7%
2019	$3,473 -6.7%	$108,670 +5%
2018	$3,724 0%	$103,500
2017	$3,724 -4.5%	$103,500
2016	$3,900	$103,500
2015	$3,900 -10.1%	$103,500 -27.3%
2014	$4,336 -8.1%	$142,310
2012	$4,719 +10.3%	$142,310
2011	$4,276 -1.9%	$142,310 +14.9%
2010	$4,360 +1.2%	$123,850
2009	$4,309 -1.2%	$123,850
2008	$4,360 +8.6%	$123,850 +9%
2007	$4,015 +0.1%	$113,620
2006	$4,011 +16.6%	$113,620
2005	$3,439 +17.8%	$113,620 +40.8%
2003	$2,919 +3.7%	$80,720 +2.1%
2002	$2,815 -2.6%	$79,090
2001	$2,891	$79,090

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

8/10
Lincoln Elementary School
Grades: PK-6Distance: 1.2 mi
9/10
Holmes Junior High School
Grades: 7-9Distance: 1.6 mi
6/10
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.