One-Level Triplex With Detached
For Sale
$549,900
Pending
5309-5311 Blue Bonnet Drive, Waterloo, IA 50702
Residential Income, Waterloo, IA
Property SizeContact for details
Lot Size1.20 Acres
Days on Market98
Property Features for 5309-5311 Blue Bonnet Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-3
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 4, Bedroom 5, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 2
Parking features
Garage
Subdivision
Timothy Ridge Addition
Elementary school
Orange Elementary
Middle school
Hoover Intermediate
High school
West High
Standard status
Pending
APN
881218104006
Lot size
1.20 Acres
Taxes and HOA fees
Tax Description
See Assessors Site for both parcels. 5309-5311 Blue Bonnet and 3216 Thistle Down Drive.
Tax Annual Amount
11519
Legal Description
See Assessors Site for both parcels. 5309-5311 Blue Bonnet and 3216 Thistle Down Drive.
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air, Electric, Heat Pump
Water source
Public
Amenities
in-unit laundry
walk-in closets
pantry
Building Details
Year built
1978
Floors in Building
1
Number of units
3
Building materials
Wood Siding
Roof type
Asphalt
Listing Agency:
EXP Realty, LLC
(833) 835-5566
Listed By:
Carissa Holton
(319) 830-3598
Added: Jun 3
Changed: Sep 5
Last Checked: Sep 8 at 10:06AM
MLS# 20262461
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 one-level triplex contains three separately metered units, each arranged with 2 bedrooms and 2 bathrooms. Interior features include dedicated laundry areas, walk-in closets, pantry storage, and additional storage space. The property was built in 1978 with wood siding, asphalt roofing, central air, and electric heat pump systems.
Detached garage capacity varies by address: 5309 includes a single garage, while 5311 and 3216 Thistle Down each have a double detached garage. The 1.1977-acre property is served by public water and public sewer and is zoned R-3.
Detached garage capacity varies by address: 5309 includes a single garage, while 5311 and 3216 Thistle Down each have a double detached garage. The 1.1977-acre property is served by public water and public sewer and is zoned R-3.
Key Highlights
- Three one‑level units, each with 2 bedrooms and 2 bathrooms
- Each unit is separately metered with its own laundry area
- Walk‑in closets, pantry space, and additional storage in every unit
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered homes provide two-bedroom, two-bath layouts with private laundry, storage, and walk-in closets.
Where is this triplex located?
The property is located at 5309-5311 Blue Bonnet Drive Waterloo, IA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Three one‑level units, each with 2 bedrooms and 2 bathrooms; Each unit is separately metered with its own laundry area; Walk‑in closets, pantry space, and additional storage in every unit
