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Two-Unit Duplex with Updated HVAC
For Sale
$199,900
Pending

1043-1045 Minnesota Street, Waterloo, IA 50702

Residential Income, Waterloo, IA

Property SizeContact for details
Lot Size0.17 Acres
Days on Market90

Property Features for 1043-1045 Minnesota Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R-1
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 2
Parking features Garage
Basement Block
Elementary school Lou Henry
Middle school Hoover Intermediate
High school West High
Standard status Pending
APN 891336327005
Lot size 0.17 Acres

Taxes and HOA fees

Tax Description GOLDEN GARDENS ADDITION S 99.5 FT N 189.5 FT LOT 1 BLK 12
Tax Annual Amount 4186
Legal Description GOLDEN GARDENS ADDITION S 99.5 FT N 189.5 FT LOT 1 BLK 12

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1972
Floors in Building 1
Number of units 2
Building materials Aluminum Siding
Roof type Asphalt
Listing Agency: EXP Realty, LLC
Listed By: Chris Carter · License #S60381
Added: Jun 15 Changed: Sep 5 Last Checked: Sep 12 at 3:06AM
MLS# 20262684

Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-unit residential property includes a matching layout in each unit, with a living room, kitchen and dining area, two bedrooms, and one full bathroom. Both units also have full unfinished basements that provide storage and laundry space. Updated HVAC systems, central air, natural-gas forced-air heat, and separately metered utilities are among the property’s functional features.

Constructed in 1972, the building has aluminum siding, an asphalt roof, public water, public sewer, and garage parking. The property occupies 0.1676 acres and is zoned R-1.

Key Highlights

  • Two residential units, each with 2 bedrooms and 1 full bathroom
  • Full unfinished basement under each unit with storage and laundry space
  • Updated HVAC systems with central air and natural‑gas forced‑air heat

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage HVAC Service Accounting Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

312
Businesses Nearby

Demographics for 50702, IA

20,447
Population
9,722
Households
2.1
Avg Household Size
37
Median Age
21%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
2,086
Density / Sq Mi
$59,784
Median Household Income
$38,826
Median Earnings
$926
Median Rent
$145,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Separate utility metering, central air, and full unfinished basements support practical residential operation.
Where is this duplex located?
The property is located at 1043-1045 Minnesota Street Waterloo, IA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 full bathroom; Full unfinished basement under each unit with storage and laundry space; Updated HVAC systems with central air and natural‑gas forced‑air heat
More about this property
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