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
$230,000
603 Iowa St, Cedar Falls, IA 50613
--beds
--baths
2,160sqft
Est.:
Duplex
Built in 1917
-- sqft lot
$220,200 Zestimate®
$106/sqft
$-- HOA
What's special
Off-street parkingUpper unitPrime cedar falls locationPlenty of natural lightBright and airy bedroomsGenerously sized bedroomsSpacious units
- 5 days
- on Zillow |
- 173 |
- 1 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: 23 hours ago
Listed by:
Blake Keating 319-480-4213,
AWRE - Commercial & Development
Source: Northeast Iowa Regional BOR,MLS#: 20252557

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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: $106/sqft
- Tax assessed value: $231,690
- Annual tax amount: $3,180
- Date on market: 6/3/2025
- Lease term: Other
- Tenant pays: Electricity, Trash Collection, Gas, Heat, Grounds Care, Snow Removal, Water
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