Downtown Opportunity – Bring Your Vision to Life! Location, opportunity, and endless potential! Situated in the heart of downtown, this property puts shopping, restaurants, entertainment, and nightlife just steps from your door. Whether you're an investor, entrepreneur, or buyer looking for a unique project, this property offers a true blank slate. The existing home has already been gutted, giving you the freedom to bring your own ideas and vision to life. Renovate and create a unique Airbnb, transform it into an investment property, build your dream space, or explore the possibility of tearing down and starting fresh. The property also includes a great outbuilding with plenty of potential. It could be transformed into an entertaining space, party area, workshop, gathering space, or an exciting feature for an Airbnb. With an unbeatable downtown location and so many possibilities, this is an opportunity to create something truly unique while adding value along the way. Bring your vision and make this property your next project!
For sale
$140,000
624 State St, Cedar Falls, IA 50613
2beds
1,000sqft
Single Family Residence
Built in 1879
4,356 Square Feet Lot
$135,000 Zestimate®
$140/sqft
$-- HOA
What's special
Great outbuilding
- 22 days
- 700
- 34
Likely to sell faster than
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#: 20264492
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 1,000 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: None
Lot
- Size: 4,356 Square Feet
- Dimensions: 66x66
Details
- Parcel number: 891412408006
- Zoning: CDDT
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Shingle,Asphalt
Condition
- Year built: 1879
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Cedar Falls
Financial & listing details
- Price per square foot: $140/sqft
- Tax assessed value: $71,620
- Annual tax amount: $1,076
- Date on market: 9/17/2026
- Cumulative days on market: 22 days
- Road surface type: Gravel
Estimated market value
$135,000
$128,000 - $142,000
$1,290/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2026 | Listed for sale | $140,000+33.5%$140/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20264492 Report a problem | ||
| 1/20/2023 | Sold | $104,900$105/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20225584 Report a problem | ||
| 12/9/2022 | Pending sale | $104,900$105/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20225584 Report a problem | ||
| 12/9/2022 | Listed for sale | $104,900+51.3%$105/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20225584 Report a problem | ||
| 11/27/2002 | Sold | $69,350$69/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $974 -42.6% | $71,620 +18.3% |
| 2024 | $1,698 +3.7% | $60,560 -44.2% |
| 2023 | $1,638 -1.2% | $108,620 +22.4% |
| 2022 | $1,658 +9.9% | $88,720 |
| 2021 | $1,508 +2% | $88,720 +9.6% |
| 2020 | $1,478 -1.4% | $80,980 |
| 2019 | $1,500 +0.2% | $80,980 |
| 2018 | $1,497 +0% | $80,980 |
| 2017 | $1,496 +4.5% | $80,980 |
| 2016 | $1,432 | $80,980 |
| 2015 | $1,432 +5.9% | $80,980 +3.9% |
| 2014 | $1,352 +7.9% | $77,950 +4.7% |
| 2012 | $1,253 +0.5% | $74,470 |
| 2011 | $1,247 +1.5% | $74,470 +0.1% |
| 2010 | $1,229 +10.4% | $74,430 |
| 2009 | $1,113 +2% | $74,430 +6.1% |
| 2008 | $1,092 +3.4% | $70,180 +7% |
| 2007 | $1,056 -1.7% | $65,590 |
| 2006 | $1,074 +17.5% | $65,590 |
| 2005 | $914 +4.1% | $65,590 +39.2% |
| 2003 | $879 +33.8% | $47,130 +1.7% |
| 2002 | $657 +7.9% | $46,340 +56.6% |
| 2001 | $609 | $29,590 |
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.
Similar homes
- $149,9003 bd2 ba1.2k sqft806 Bluff St, Cedar Falls, IA 50613For Sale
MLS ID #20264610, Jenna Drahos, Re/Max Concepts. Northeast Iowa Regional BOR as distributed by MLS GRID - $172,0003 bd2 ba1.4k sqft603 Division St, Cedar Falls, IA 50613For Sale
MLS ID #20264482, Emsad Begic, Vine Valley Real Estate. Northeast Iowa Regional BOR as distributed by MLS GRID - $159,9503 bd1 ba1.2k sqft316 W 13th St, Cedar Falls, IA 50613For Sale
MLS ID #20261706, Dick Robert CRB,GRI, Cedar Falls Real Estate Co. Northeast Iowa Regional BOR as distributed by MLS GRID - $132,9502 bd1 ba920 sqft2421 Crescent Dr APT 4, Cedar Falls, IA 50613For Sale
MLS ID #20264313, Denise Reents, PSB Realty. Northeast Iowa Regional BOR as distributed by MLS GRID
