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    Waterloo, IA
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    Waterloo, IA Apartment Buildings for Sale

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    Evansdale, IA Cedar Falls, IA Elk Run Heights, IA Raymond, IA Washburn, IA Dewar, IA Gilbertville, IA Hudson, IA
    48-Unit Apartment Community
    Updated: Aug 10
    48-Unit Apartment Community

    765-791 Russell Road, Waterloo, IA 50701

    $2,725,000
    35,660 sqft
    48 units in two apartment buildings
    35,660 SF across two two‑story buildings
    Unit mix includes 23 one‑bedroom, 20 two‑bedroom, and 5 three‑bedroom units
    Three boilers replaced in 2023
    Water heaters replaced in 2025/2026
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    Mixed-Use Investment Building
    Updated: Jan 6
    Mixed-Use Investment Building

    501-505 W 4th Street, Waterloo, IA 50701

    $249,900
    7,552 sqft
    Mixed‑use building with 3 main‑level office/retail suites and 5 residential apartments on the second level
    Large private off‑street parking area for tenants and clients
    All residential leases are month‑to‑month
    Corner lot on a city street with 0.39 acres
    Total building area of 7,552
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    Townhouse-Style Apartment Building
    Townhouse-Style Apartment Building

    1223-1237 W Mullan Ave, Waterloo, IA 50701

    Contact for pricing

    Eight attached residences share a practical two-bedroom, one-bathroom layout within a single community.

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    See what stands out in Black Hawk County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Mixed-Use Investment Opportunity
    Mixed-Use Investment Opportunity

    501 W 4th St, Waterloo, IA 50701

    Contact for pricing
    7,552 sqft

    Mixed-use property with office/retail spaces and residential units.

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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 4 Active listings in Waterloo, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Downtown Storefront and Apartments
    Mixed-Use Downtown Storefront and Apartments

    122 & 120 E Bremer Avenue, Waverly, IA 50677

    $440,000
    14,900 sqft

    Two side-by-side historic buildings offer storefront commercial units with six apartment units above and additional vacant space on the third floor.

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    19-Unit Apartment Building with Covered Garage
    19-Unit Apartment Building with Covered Garage

    2609 Olive Street, Cedar Falls, IA 50613

    Contact for pricing
    36,220 sqft

    Masonry construction includes in-unit laundry and separately metered utilities.

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    Historic Mixed-Use Downtown Buildings
    Historic Mixed-Use Downtown Buildings

    122 & 120 E Bremer Avenue, Waverly, IA 50677

    $440,000
    0.14 AC lot

    Two adjoining brick structures combine commercial suites with six upper-level apartments.

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    10-Bedroom Apartment Building
    10-Bedroom Apartment Building

    Cedar Falls, IA 50613

    $495,000
    0.20 AC lot

    R-3-zoned apartment property with public water and sewer, central air, and natural-gas heating.

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    Off-Market Properties in Waterloo, IA

    Consider similar Off-Market properties in Waterloo, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    335 Cedar St
    HIGH-RISE APARTMENTS

    335 Cedar St, Waterloo, IA 50701-1359

    Estimated value:
    $3,845,000
    59,565 sqft 0.28 AC lot
    View details

    Waterloo, IA Apartment Buildings Market Trends and Statistics

    Explore 5 apartment buildings for sale in Waterloo, IA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 50,764 square feet of properties for sale, with an estimated market value of $2,974,900.

    Sale prices for two-family homes in Waterloo, IA start at $249,900, averaging $1,487,450, and reaching up to $2,725,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 77K
    Population Growth (5Y) -3.2%
    Median Household Income $58,650
    College Educated 16.5%

    High-Yield Neighborhoods for Investment

    Identify Waterloo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50701 $1.5M

    Taxes & Financing

    Tax Rate (average for all types) 3.42%
    Property Tax per SF $40.72 per SF
    Tax Rate vs County Average 0.32 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Black Hawk County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Waterloo, IA

    • 50701
    • 50702

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