Investment Opportunity! Duplex in Prime Cedar Falls Location – Walk to Downtown! This property is currently under lease for $1,650 a month so there is room to raise rents in the future. The current renter recently resigned a year lease so no need to find new tenants right away! Don't miss this rare opportunity to own a duplex just steps from vibrant downtown Cedar Falls! This versatile property offers two spacious units perfect for owner-occupants, investors, or multi-generational living. Upper Unit: 2 bright and airy bedrooms 1 full bathroom Comfortable living space with plenty of natural light Kitchen with functional layout Main Level Unit: 3 generously sized bedrooms 1 full bathroom Kitchen with great potential for updates Additional highlights include off-street parking, a shared backyard space, and a location that can’t be beat. You're just a short walk from Main Street shops, restaurants, parks, and entertainment. Whether you're looking to live in one unit and rent the other, or add a strong performer to your investment portfolio, this duplex offers flexibility in a fantastic location! Schedule your showing today!
For sale
$195,000
603 Iowa St, Cedar Falls, IA 50613
--beds
--baths
2,160sqft
Duplex
Built in 1917
-- sqft lot
$185,200 Zestimate®
$90/sqft
$-- HOA
What's special
Off-street parkingTwo spacious unitsShared backyard space
- 8 days
- 146
- 1
Zillow last checked:
Listing updated:
Listed by:
Blake Keating 319-480-4213,
AWRE-Commercial & Development
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20264662
Facts & features
Interior
Cooling
- Central Air
Appliances
- Laundry: Gas Dryer Hookup, Washer Hookup
Features
- Basement: Partially Finished
Interior area
- Total structure area: 2,160
- Total interior livable area: 2,160 sqft
- Finished area above ground: 1,080
- Finished area below ground: 1,080
Property
Parking
- Total spaces: 4
- Parking features: On Street, Detached
- Uncovered spaces: 4
Lot
- Size: 4,950 Square Feet
- Dimensions: 66x75
Details
- Parcel number: 891412311004
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Aluminum Siding
- Roof: Asphalt
Condition
- Year built: 1917
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Paid by Individual, Garbage Pd by Individual, Water - Multiple Meters
Community & HOA
Location
- Region: Cedar Falls
Financial & listing details
- Price per square foot: $90/sqft
- Tax assessed value: $231,690
- Annual tax amount: $3,180
- Date on market: 9/28/2026
- Cumulative days on market: 9 days
- Lease term: Other
- Tenant pays: Electricity, Trash Collection, Gas, Heat, Grounds Care, Snow Removal, Water
Estimated market value
$185,200
$176,000 - $194,000
$1,172/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Listed for sale | $195,000-12.6%$90/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20264662 Report a problem | ||
| 8/27/2026 | Listing removed | $900 |
Source: Zillow Rentals Report a problem | ||
| 6/4/2026 | Listing removed | $223,000$103/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252557 Report a problem | ||
| 5/15/2026 | Listed for rent | $900 |
Source: Zillow Rentals Report a problem | ||
| 8/18/2025 | Price change | $223,000-3%$103/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252557 Report a problem | ||
| 6/3/2025 | Listed for sale | $230,000+35.3%$106/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252557 Report a problem | ||
| 11/2/2021 | Listing removed | -- |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20212864 Report a problem | ||
| 7/12/2021 | Price change | $170,000-2.9%$79/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20212864 Report a problem | ||
| 6/8/2021 | Price change | $175,000-5.4%$81/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20212401 Report a problem | ||
| 6/2/2021 | Listed for sale | $185,000+5.7%$86/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20212376 Report a problem | ||
| 1/11/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/13/2020 | Listed for sale | $175,000$81/sqft |
Source: Owner Report a problem | ||
| 4/19/2019 | Listing removed | $900 |
Source: R2R Properties--Chris Reade Report a problem | ||
| 10/18/2018 | Listed for rent | $900 |
Source: R2R Properties--Chris Reade Report a problem | ||
| 6/8/2018 | Listing removed | $900 |
Source: R2R Properties--Chris Reade Report a problem | ||
| 3/19/2018 | Price change | $900-5.3% |
Source: R2R Properties--Chris Reade Report a problem | ||
| 10/31/2017 | Price change | $950-5% |
Source: R2R Properties, LLC Report a problem | ||
| 10/29/2017 | Listed for rent | $1,000-44.4% |
Source: R2R Properties, LLC Report a problem | ||
| 4/26/2017 | Listing removed | $1,800$1/sqft |
Source: Owner Report a problem | ||
| 4/10/2017 | Listed for rent | $1,800+55.8%$1/sqft |
Source: Owner Report a problem | ||
| 5/1/2016 | Listing removed | $1,155$1/sqft |
Source: Owner Report a problem | ||
| 12/21/2015 | Price change | $1,155-3.8%$1/sqft |
Source: Owner Report a problem | ||
| 11/6/2015 | Listed for rent | $1,200+33.3%$1/sqft |
Source: Owner Report a problem | ||
| 4/8/2014 | Listing removed | $900 |
Source: Cedar Falls Rentals Report a problem | ||
| 1/7/2014 | Listed for rent | $900 |
Source: Cedar Falls Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,272 +2.9% | $231,690 +13.9% |
| 2024 | $3,179 -0.8% | $203,350 |
| 2023 | $3,206 -1.2% | $203,350 +17.1% |
| 2022 | $3,244 +5.5% | $173,650 |
| 2021 | $3,076 +2% | $173,650 +5.1% |
| 2020 | $3,016 +8.2% | $165,220 |
| 2019 | $2,788 +0.2% | $165,220 +9.8% |
| 2018 | $2,782 0% | $150,530 |
| 2017 | $2,782 +4.6% | $150,530 |
| 2016 | $2,660 | $150,530 |
| 2015 | $2,660 +9.8% | $150,530 +8.5% |
| 2014 | $2,422 +9.7% | $138,800 |
| 2012 | $2,208 -5.4% | $138,800 +5.8% |
| 2011 | $2,334 +1.5% | $131,180 -5.8% |
| 2010 | $2,300 +4.1% | $139,300 |
| 2009 | $2,210 +2% | $139,300 |
| 2008 | $2,167 +3.4% | $139,300 +7% |
| 2007 | $2,096 -1.7% | $130,190 |
| 2006 | $2,132 +31.1% | $130,190 |
| 2005 | $1,626 +2.3% | $130,190 +55.3% |
| 2003 | $1,590 +0.8% | $83,830 |
| 2002 | $1,577 +7.9% | $83,830 +18% |
| 2001 | $1,461 | $71,040 |
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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