4-plex investment opportunity awaits! 3 of 4 units currently leased, 4th unit lease to begin in May. All units are 1 bed 1 bath with refrigerator and stove. Unit 1-$900/mo. Unit 2-$775/mo. Unit 3-$750/mo. Unit 4-$750/mo. Owner pays gas, water, lawn care & snow removal. Proactive maintenance has been kept up on property since seller has owned, including: paint, plumbing, flooring, kitchen, bath. New siding/window casings in 2024! Individual electric meters.
For sale
$270,000
706 W 12th St, Cedar Falls, IA 50613
--beds
4baths
2,071sqft
Quadruplex
Built in 1900
-- sqft lot
$257,200 Zestimate®
$130/sqft
$-- HOA
What's special
- 1 day
- 148
- 9
Zillow last checked:
Listing updated:
Listed by:
David Woods 319-242-2720,
Oakridge Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20264852
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Laundry: None
Features
- Basement: Stone/Rock
Interior area
- Total structure area: 2,071
- Total interior livable area: 2,071 sqft
- Finished area above ground: 1,049
- Finished area below ground: 794
Property
Parking
- Total spaces: 4
- Parking features: Garage, Parking Space, Paved, Detached
- Uncovered spaces: 4
Features
- Levels: Two
Lot
- Size: 10,454 Square Feet
- Dimensions: 78x132
Details
- Parcel number: 891413101008
- Zoning: R-M
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Paid by Individual, Elec Individual Meters
Community & HOA
Location
- Region: Cedar Falls
Financial & listing details
- Price per square foot: $130/sqft
- Tax assessed value: $241,240
- Annual tax amount: $2,945
- Date on market: 10/6/2026
- Cumulative days on market: 188 days
- Lease term: Over 9 Months
- Tenant pays: Electricity, Trash Collection
- Road surface type: Hard Surface Road
Estimated market value
$257,200
$244,000 - $270,000
$1,299/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/6/2026 | Listed for sale | $270,000$130/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20264852 Report a problem | ||
| 10/2/2026 | Listing removed | $270,000$130/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20262963 Report a problem | ||
| 7/1/2026 | Listed for sale | $270,000$130/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20262963 Report a problem | ||
| 7/1/2026 | Listing removed | $270,000$130/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261232 Report a problem | ||
| 4/30/2026 | Price change | $270,000-3.6%$130/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261232 Report a problem | ||
| 3/30/2026 | Listed for sale | $280,000+21.7%$135/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261232 Report a problem | ||
| 1/27/2023 | Sold | $230,000-7.6%$111/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20225135 Report a problem | ||
| 12/28/2022 | Pending sale | $249,000$120/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20225135 Report a problem | ||
| 11/4/2022 | Listed for sale | $249,000$120/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20225135 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,945 +2.9% | $241,240 +31.8% |
| 2024 | $2,861 +9.1% | $183,020 |
| 2023 | $2,622 -1.2% | $183,020 +28.8% |
| 2022 | $2,654 +8.5% | $142,050 |
| 2021 | $2,446 +2% | $142,050 +8.1% |
| 2020 | $2,398 +4.2% | $131,370 |
| 2019 | $2,301 +0.2% | $131,370 +5.7% |
| 2018 | $2,296 0% | $124,240 |
| 2017 | $2,296 +10.9% | $124,240 +6.1% |
| 2016 | $2,070 | $117,110 |
| 2015 | $2,070 +1.3% | $117,110 |
| 2014 | $2,044 -47.4% | $117,110 |
| 2012 | $3,883 +7.3% | $117,110 |
| 2011 | $3,618 -1.9% | $117,110 +11.8% |
| 2010 | $3,689 +1.2% | $104,790 |
| 2009 | $3,646 -1.2% | $104,790 |
| 2008 | $3,689 +8.6% | $104,790 +9% |
| 2007 | $3,397 +0.1% | $96,130 |
| 2006 | $3,393 +3.9% | $96,130 |
| 2005 | $3,265 +15.5% | $96,130 +25.4% |
| 2003 | $2,828 +3.7% | $76,640 |
| 2002 | $2,728 -6.3% | $76,640 |
| 2001 | $2,912 | $76,640 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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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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