Cedar Falls Duplex with Great Cashflow! Need I really say more?!?! This Up/Down Duplex is fully occupied and Brings in great Income! One Bedroom, One Bath on the main floor and One Bedroom, One Bath upstairs in the other Unit. Call today to get your showing scheduled! And lets start bringing in some extra income for you!! Call with questions.
For sale
$165,000
721 Olive St, Cedar Falls, IA 50613
2beds
2baths
1,392sqft
Duplex
Built in 1920
-- sqft lot
$158,200 Zestimate®
$119/sqft
$-- HOA
What's special
- 208 days |
- 228 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Bobby Kastli, Jr 319-239-9877,
Structure Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20260382
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Laundry: Lower Level
Features
- Basement: Block,Interior Entry,Floor Drain
Interior area
- Total structure area: 1,392
- Total interior livable area: 1,392 sqft
- Finished area above ground: 696
- Finished area below ground: 696
Property
Parking
- Total spaces: 2
- Parking features: Parking Space, On Street, None
- Uncovered spaces: 2
Features
- Levels: Two
Lot
- Size: 4,356 Square Feet
- Dimensions: 66 X 66
Details
- Parcel number: 891412313006
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Paid by Individual
Community & HOA
Location
- Region: Cedar Falls
Financial & listing details
- Price per square foot: $119/sqft
- Tax assessed value: $155,020
- Annual tax amount: $2,203
- Date on market: 1/29/2026
- Cumulative days on market: 266 days
- Tenant pays: None
- Road surface type: Hard Surface Road
Estimated market value
$158,200
$150,000 - $166,000
$1,102/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/18/2026 | Price change | $165,000-5.7%$119/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20260382 Report a problem | ||
| 1/29/2026 | Listed for sale | $175,000$126/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20260382 Report a problem | ||
| 1/27/2026 | Listing removed | $175,000$126/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20255776 Report a problem | ||
| 12/1/2025 | Listed for sale | $175,000-20.5%$126/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20255776 Report a problem | ||
| 10/6/2025 | Listing removed | $220,000$158/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252598 Report a problem | ||
| 6/26/2025 | Price change | $220,000-4.3%$158/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252598 Report a problem | ||
| 6/5/2025 | Listed for sale | $230,000+253.8%$165/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252598 Report a problem | ||
| 3/23/2011 | Sold | $65,000$47/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,204 +2.9% | $155,020 +13.2% |
| 2024 | $2,141 +3.9% | $136,950 |
| 2023 | $2,061 -1.2% | $136,950 +22.6% |
| 2022 | $2,086 +5.6% | $111,670 |
| 2021 | $1,976 +2% | $111,670 +5.2% |
| 2020 | $1,937 +7.9% | $106,140 |
| 2019 | $1,796 +0.2% | $106,140 +9.5% |
| 2018 | $1,792 +0% | $96,970 |
| 2017 | $1,792 +4.6% | $96,970 |
| 2016 | $1,714 | $96,970 |
| 2015 | $1,714 +5.4% | $96,970 +4% |
| 2014 | $1,626 +3.7% | $93,210 |
| 2012 | $1,569 +11.9% | $93,210 |
| 2011 | $1,401 +1.5% | $93,210 +11.5% |
| 2010 | $1,381 +4.1% | $83,630 |
| 2009 | $1,327 +2% | $83,630 |
| 2008 | $1,301 +3.4% | $83,630 +7% |
| 2007 | $1,258 -1.7% | $78,160 |
| 2006 | $1,280 +11.2% | $78,160 |
| 2005 | $1,151 +2.3% | $78,160 +31.8% |
| 2003 | $1,125 +0.8% | $59,320 |
| 2002 | $1,116 +7.9% | $59,320 +18% |
| 2001 | $1,034 | $50,270 |
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
GreatSchools rating
- 8/10Lincoln Elementary SchoolGrades: PK-6Distance: 0.3 mi
- 9/10Holmes Junior High SchoolGrades: 7-9Distance: 0.8 mi
- 6/10Cedar Falls High SchoolGrades: 10-12Distance: 1.7 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.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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