911 Lafayette Street Waterloo, IA 50703
MULTI_FAMILY - Waterloo, IA
Property Features for 911 Lafayette Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-M
- Parking features
- On Street
- Standard status
- Active
- APN
- 891325130016
- Size
- 900 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- ORIGINAL PLAT WATERLOO EAST SE 50 FT LOT 7 BLK 25 SE 50 FT LOT 10 BLK 25
- Tax Annual Amount
- 1893
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1904
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing agent Brandie White License #S68887000 (319) 415-1414
Listing office Berkshire Hathaway Home Services One Realty Centre 1118 Ansborough Ave, Waterloo, IA (319) 233-7000
Listing date Feb 6, 2026
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.
Key Highlights
- Fully occupied fourplex providing immediate rental income.
- Located minutes from downtown Waterloo's shopping, dining, and amenities.
- Significant capital improvements completed, including updated LVP flooring, a new high‑efficiency furnace, and updated bathroom fixtures.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.4k | $13.80 |
| − Vacancy | −$673 | −$0.75 |
| EGI | $11.7k | $13.05 |
| − OpEx | −$3.5k | −$3.92 |
| NOI | $8.2k | $9.14 |
