915 Clay St, Cedar Falls, IA 50613

This spacious 5-bedroom, 2-bathroom home with a 2-stall garage is full of historic charm and incredible potential—whether you’re looking for a high-yielding investment property or a timeless single-family home to make your own. The main floor features a large living room with brick fireplace, a cozy sitting room, formal dining room, a full bathroom with clawfoot tub, and a massive retro kitchen outfitted with stylish cabinetry and a vintage farmhouse sink with double drainboards. A newly constructed room on the main level offers flexibility as a 5th bedroom or a perfect home office. Upstairs, the grand staircase with original spindles and newel post leads to a spacious loft, four generously sized bedrooms with oversized closets, and a second full bathroom with tub/shower combo. You’ll also find access to a large walk-up attic full of potential. The lower level includes laundry, abundant storage, a radon mitigation system, new water heater, and updated plumbing. Outside, enjoy a fenced yard, ample paved parking, and a remodeled garage (2025) featuring new framing, insulation, windows, electrical, garage doors, and openers. Additional highlights: gorgeous hardwood floors throughout (some preserved under carpet), original built-ins, detailed woodwork and trim, crown molding, and separated utilities between floors, both central A/C units have been updated and the property meets Cedar Falls rental code with nearly double the required paved parking. This home offers so many possibilities: Keep it as a spacious 5-bed, 2-bath investment property with strong returns. Convert it back to an up/down duplex. Restore it to a single-family showpiece (may qualify for a $10,000 forgivable city loan for exterior improvements) A rare opportunity to own a piece of history with charm, character, and flexibility—don’t miss out!