Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    213-223 E 5Th St Waterloo, IA 50703

    New
    For Sale
    $799,900

    MULTI_FAMILY - Waterloo, IA

    Type:Apartment
    Lot size:
    0.23 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 213-223 E 5Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    C-1
    APN
    891325103004
    Parking features
    On Street
    Basement
    Concrete
    Lot size
    0.23 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1910
    Number of units
    27
    Building materials
    Brick
    Roof type
    Membrane

    Lockard Realty Co. (319) 493-4000 [email protected]

    Listing agent Michael Taylor (319) 277-8000

    Listing date Dec 12, 2025

    MLS# 20255899 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

    Mixed-Use Building in Waterloo, IA

    This mixed-use building in Waterloo, Iowa, features 27 units, including 24 apartments and 3 storefronts. The property is zoned C-1 and situated on a lot of approximately 0.23 acres. It is classified as a multifamily property, residential income property, and retail property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -92.334584
    Latitude
    42.498167

    Nearby Similar for Sale

    • $4,395,000
      30,080 SF

      Self-Storage Complex on 5.19 Acres

      High-traffic self-storage complex with indoor and outdoor storage.
      3556 Marnie Ave, Waterloo, IA 50701
      View Details
    • $1,100,000
      3.05 Acres

      Waterloo Industrial Property on Wagner

      Versatile industrial property with warehouse, shop, and office space.
      3050 Wagner Rd, Waterloo, IA 50703
      View Details
    • New
      $949,900
      0.74 Acres

      Commercial Plaza with Income Potential

      Five-unit commercial property with income and upside potential in Waterloo.
      910-930 W 5Th St, Waterloo, IA 50702
      View Details
    • $75,000
      Pending

      Waterloo Duplex with New Garage

      Spacious duplex with strong rental history and new garage.
      258 Western Ave, Waterloo, IA 50701
      View Details
    • $189,900
      0.16 Acres

      Well-Maintained Duplex in Waterloo, IA

      Investment opportunity: spacious duplex with updates and tenant in place.
      608-610 Martin Rd, Waterloo, IA 50701
      View Details
    • New
      $249,900
      0.16 Acres

      Waterloo Duplex in Central Location

      Well-maintained duplex in Waterloo, offering investment potential and convenience.
      114-116 Sunset Rd, Waterloo, IA 50701
      View Details

    FAQs

    What type of property is this?
    Apartment building - 27-unit building with apartments and storefronts in Waterloo, Iowa.
    Where is this apartment building located?
    The property is located at 213-223 E 5Th St Waterloo, IA.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: - 27 Units Total: Featuring 24 apartments and 3 storefronts for diverse income.; - Brick Construction: A durable and classic building.; - Public Water and Sewer: Ensures reliable utility services.
    (319) 277-8000
    Request Owner's contact information
    213-223 E 5Th St Waterloo, IA 50703
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    213-223 E 5Th St
    Waterloo, IA 50703
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    213-223 E 5Th St Waterloo, IA 50703
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.