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    1113 Mulberry St Waterloo, IA 50703

    Pending
    For Sale
    $80,000

    MULTI_FAMILY - Waterloo, IA

    Lot size:
    0.12 Acres
    Days on Market:
    44
    Last Refresh:
    Dec 6 at 2:06 pm

    Property Features for 1113 Mulberry St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R-3
    APN
    891325135014
    Parking features
    On Street
    Lot size
    0.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1897
    Number of units
    3
    Building materials
    Aluminum Siding
    Roof type
    Asphalt

    Berkshire Hathaway HomeServices One Realty Centre (319) 233-7000 [email protected]

    Listing agent Jared Hottle (319) 277-1077

    Listing date Oct 24, 2025

    MLS# 20253848 Listing URL

    Copyright © 2025 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.

    Overview

    Waterloo Triplex Investment Opportunity

    Located in downtown Waterloo, this triplex presents an investment opportunity. The property includes two main floor units and one upper-level unit. Currently, two of the three units are rented. When fully occupied, the property generates over $1,600 per month in gross rent. The owner currently covers all utility expenses. The property is zoned R-3 and situated on a 0.12-acre lot. While the property requires some improvements, there is potential for a buyer to increase rents. This property is suitable for investors and owner-occupants looking to build equity and cash flow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.328147
    Latitude
    42.496248

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    FAQs

    What type of property is this?
    Triplex - Triplex in downtown Waterloo with value-add potential.
    Where is this triplex located?
    The property is located at 1113 Mulberry St Waterloo, IA.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - Investment opportunity in a triplex located in downtown Waterloo.; - Two of the three units are currently rented, providing immediate income.; - Potential for increased rental income through property improvements.
    (319) 277-1077
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1113 Mulberry St Waterloo, IA 50703
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