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Duplex with Central Air
For Sale
$259,900
Pending

409 & 806 Rachael & Nancy, Waterloo, IA 50701

Residential Income, Waterloo, IA

Property SizeContact for details
Lot Size0.25 Acres
Days on Market97

Property Features for 409 & 806 Rachael & Nancy

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R-1
Parking features Garage
Basement Block
Elementary school Lou Henry
Middle school Hoover Intermediate
High school West High
Standard status Pending
APN 881304452002
Lot size 0.25 Acres

Taxes and HOA fees

Tax Description THIRD ADDTION TO SOUTHRIDGE LOT 93
Tax Annual Amount 5519
Legal Description THIRD ADDTION TO SOUTHRIDGE LOT 93

Utilities

Sewer type Public Sewer
Cooling system Central Air
Water source Public

Building Details

Year built 1975
Number of units 2
Building materials Wood Siding
Roof type Asphalt
Listing Agency: EXP Realty, LLC
Listed By: Chris Carter · License #S60381
Added: Jun 8 Changed: Sep 5 Last Checked: Sep 12 at 3:06AM
MLS# 20262567

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 duplex in Waterloo, Iowa, was built in 1975 and sits on a 0.2534-acre lot. The property has wood siding, an asphalt roof, central air, and garage parking, providing a defined residential configuration with established building improvements.

The property is served by public water and public sewer and is located in Black Hawk County. R-1 zoning applies to the site. The combination of duplex use, on-site garage parking, and central air supports continued residential income use.

Key Highlights

  • Duplex property in Waterloo, IA
  • 0.2534‑acre lot
  • Built in 1975

Property Analytics

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Current Use

Duplexes

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

719
Businesses Nearby

Demographics for 50701, IA

29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Wood-sided duplex in Waterloo with garage parking, public utilities, and R-1 zoning.
Where is this duplex located?
The property is located at 409 & 806 Rachael & Nancy Waterloo, IA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Duplex property in Waterloo, IA; 0.2534‑acre lot; Built in 1975
More about this property
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