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Duplex with Separate Utility Meters
For Sale
$164,500
Pending

320 Ohio Street, Waterloo, IA 50702

MULTI_FAMILY - Waterloo, IA

Property SizeContact for details
Lot Size0.15 Acres
Days on Market56

Property Features for 320 Ohio Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R-2
Bedrooms 2
Rooms Bedroom 1, Bedroom 2
Parking features Garage, On Street
Lot features Corner Lot
Elementary school Lowell
Middle school Bunger
High school West High
Standard status Pending
APN 891336127004
Lot size 0.15 Acres

Taxes and HOA fees

Tax Description KENWOOD PARK LOT 156
Tax Annual Amount 3078
Legal Description KENWOOD PARK LOT 156

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1946
Floors in Building 1
Number of units 2
Building materials Vinyl Siding
Roof type Asphalt
Listing Agency: Berkshire Hathaway Home Services One Realty Centre · Berkshire Hathaway HomeServices
Listed By: Dean Noland
Added: Jul 6 Changed: Aug 13 Last Checked: Aug 30 at 11:06AM
MLS# 20263047

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 well-maintained duplex includes two 2-bedroom, 1-bath units, each with separate electrical and water meters for independent utility billing. The exterior features updated vinyl windows and maintenance-free vinyl siding, and the property has a new roof installed in 2020. Interiors include updated kitchen cabinets and newer carpet throughout.

The property includes a 528 sq. ft. double garage for parking or storage, along with on-street parking. Heating is forced air and cooling is central air. Water and sewer services are public.

The 1737 Bertch unit is currently vacant and is easy to show—showings are available by scheduling through ShowingTime. If there is strong interest, a showing for the occupied unit at 320 Ohio can be arranged. The occupied unit at 320 Ohio is rented through Section 8. Built in 1946 and located on a 0.15-acre lot, the property is zoned R-2.

Key Highlights

  • Two 2‑bedroom, 1‑bath units with separate electrical and water meters
  • New roof installed in 2020 with updated vinyl windows and vinyl siding
  • 528 sq. ft. double garage plus on‑street parking

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Pharmacy Gym & Fitness Center Dental Office Carpet & Flooring Store Cafe & Coffee Shop

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

415
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Two 2-bedroom units with separate electrical and water meters, updated vinyl exterior, and a 2020 roof under R-2 zoning.
Where is this duplex located?
The property is located at 320 Ohio Street Waterloo, IA.
What is the asking price?
The asking price for this property is $164,500.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units with separate electrical and water meters; New roof installed in 2020 with updated vinyl windows and vinyl siding; 528 sq. ft. double garage plus on‑street parking
More about this property
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