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12-Unit Apartment Complex

1110 Doreen Avenue Waterloo, IA 50701

1110 Doreen Avenue, Waterloo, IA, 50701
$745,000
Pending
For Sale
Claim this Listing
$745,000
Pending

MULTI_FAMILY - Waterloo, IA

Lot Size0.57 Acres
AddedApr 27
Days on Market81
Last RefreshJul 16 at 12:06 am

Property Features for 1110 Doreen Avenue

General Information

Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R-3
Basement
Finished
Standard status
Pending
APN
891328201015
Lot size
0.57 Acres

Taxes and HOA fees

Tax Description
"SEE BHC ABSTRACT"

Utilities

Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Window Unit(s)
Water source
Public

Building Details

Year built
1969
Floors in Building
2
Number of units
12
Building materials
Brick, Vinyl Siding
Roof type
Asphalt

Listing agent Richard Lockard

Listing office Realty ONE Group Movement 100 E. 2nd Street Suite #206, Cedar Falls, IA

Listing date Apr 27, 2026

MLS# 20261750 Listing URL

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.

Well-maintained 12-unit apartment complex offering an established rental setup. The property is reported to be in good condition, with 10 of the 12 units currently leased, supporting current rental income. Financial information is available upon request to qualified buyers.

The building is located on a quiet cul-de-sac in Waterloo, IA, within R-3 zoning.

Set on a 0.57-acre lot, the property is positioned as a straightforward multi-family asset for buyers seeking a partially occupied apartment complex with available reporting for underwriting.

Key Highlights

  • 12‑unit apartment complex in Waterloo, with 10 of 12 units currently leased
  • Well maintained property with strong occupancy (10/12 units leased) for immediate income
  • Built in 1969; constructed with brick and vinyl siding

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Alabar Plaza Apartment Complex

Suggested Use

Law Firm Dental Office Real Estate Agency Gym & Fitness Center Pharmacy (Bike/Boat/Book/etc) Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Locksmith Food Market

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Well-maintained 12-unit complex with 10 units currently leased in R-3 zoning.
Where is this apartment building located?
The property is located at 1110 Doreen Avenue Waterloo, IA.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: 12‑unit apartment complex in Waterloo, with 10 of 12 units currently leased; Well maintained property with strong occupancy (10/12 units leased) for immediate income; Built in 1969; constructed with brick and vinyl siding
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