Welcome to 2523 Rainbow Dr., a charming and character-filled 1 1/2-story home nestled on over half an acre of land in the heart of Cedar Falls. This delightful residence offers the perfect blend of classic appeal and modern updates, just steps away from the local elementary school and within close proximity to Hartman Reserve Nature Center, ideal for nature enthusiasts and outdoor adventurers alike. Inside, the home boasts three generously sized bedrooms and two baths, with beautiful hardwood flooring throughout, adding warmth and character to the space. The updated eat-in kitchen is a true highlight, featuring sleek quartz countertops and ample space for family gatherings or casual dining. A formal dining area adds a touch of sophistication, while the inviting living room, complete with a cozy wood-burning fireplace, is the perfect spot to unwind. The lower level remains unfinished, offering abundant possibilities to expand or customize to suit your needs. Outside, the property includes a single-stall garage, with plenty of room to build your dream garage or outdoor oasis. Located centrally between Waterloo and Cedar Falls, this home is just moments away from schools, parks, the bike trail, shopping, and all the conveniences of daily life. With its ideal location, spacious lot, and timeless charm, 2523 Rainbow Dr. is a must-see. Don t miss your opportunity to make this beautiful home your own!