6-unit rental property in great college hill area location. (4) 2 bed/1 bath units and (2) 1 bed/1 bath units. $4245/ mo current rent with 5 of the 6 units rented. Market Rent at full occupancy is $5095/mo. Coin operated laundry on site in basement. 10 concrete parking spots off the alley.
College Hill, located between the University of Northern Iowa campus and Downtown Cedar Falls, is a walkable and historic Cedar Falls neighborhood with early-20th-century homes and a campus-town streetscape. The neighborhood’s character concentrates along College Street near 23rd Street, where coffee counters, indie eateries, and small storefronts keep the sidewalks active. Pfeiffer Springs Park adds a shaded green pause among classic porches and brick apartment buildings. The Hilltop Pub anchors local nights, while Cup of Joe and College Hill Coffeehouse set a steady daytime rhythm. Side streets feel residential and calm, with mature trees framing short blocks that lead back to campus paths and the Cedar Falls trail network.
Provided by Walk Score and Local Logic
Offer insights
2115 Walnut St · $419,000
$413K and above
75% chance or better to win
Why $413K+ is a strong offer
DAYS ON MARKET
204 days
The average home goes pending in 8 days.
SALE-TO-LIST
98.2%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Has basement with exterior entry
Laundry & utility
Laundry located on the lower level
Heating & cooling
Natural gas heating
No central cooling
Exterior features
Rubber roof
Lot dimensions roughly 99 x 132
R-M zoning
Home design
Residential income property configured as an apartment building
Above-grade finished area and below-grade finished area are each 2,470
Parking
Approximately 10 open on-street parking spaces
Construction
Aluminum siding
Utilities
Public water
Public sewer
Other
Listed by Structure Real Estate
Electricity and solar
View estimated energy costs and solar savings for this home