Data Source Brokerage:

    Iowa Realty logo

    Iowa Realty

    211 Madison St, Waterloo, IA 50703

    $1,650,000

    Active

    551 days ago

    2 beds
    1 baths
    816 sq ft
    Built in 1950

    Purchase price

    Down payment

    Estimated rent

    MLS Logo

    Listed By: Tyler Rasmussen, B63386000

    Source: Northeast Iowa Regional Board of REALTORS, #20244370, last updated on 3/25/2026

    About this property

    Discover a lucrative investment opportunity with this 32-unit property in Waterloo. Ideal for investors seeking a stable income stream, this well-maintained complex offers spacious two-bedroom, one-bathroom units with full basements. 32 Rental Units: Solid history of 95%+ occupancy Two-Bedroom,...

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    Neighborhood

    4 / 10

    Highland Elementary School

    2 / 10

    George Washington Carver Academy

    2 / 10

    East High School

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    Property details
    Interior

    Heating

    • Forced Air, Natural Gas

    Cooling

    • Ceiling Fan(s)

    Features

    • Has basement: Yes
    • Basement: Block, Exterior Entry
    • Laundry: Lower Level

    Interior area

    • Total structure area: 1,224
    Property

    Parking

    • Parking features: None
    • Has Garage: No

    Features

    • Levels: Two

    Lot

    • Size: 1.53 Acres
    • Lot Dimensions: 145 x 460

    Details

    • Parcel number: 891230126012
    • Zoning Description: R-3
    Construction

    Materials

    • Stucco
    • Roof: Rubber

    Condition

    • Year built: 1950
    Utilities & green energy
    • Sewer: Public Sewer
    • Water: Public

    Financial & listing details

    • Price per square foot: $1,348
    • Days on market: 542
    • Cumulative days on market: 542

    Neighborhood score

    2 / 5

    School score

    2.7 / 10

    Crime score

    5 / 10