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Townhouse-Style Apartment Building
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1223-1237 W Mullan Ave, Waterloo, IA 50701

Eight attached residences share a practical two-bedroom, one-bathroom layout within a single community.

Property SizeContact for details
Days on Market219

Property Features for 1223-1237 W Mullan Ave

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 8 x 2BR/1BA
Multifamily Units 8

Building Details

Units 8
Construction townhouse
Listing Agency: Lockard Realty
Listed By: Mike Taylor
Source: Crexi
Added: Jan 25 Changed: Aug 31 Last Checked: Aug 29 at 2:44PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lockard Realty

Investment Insights

Based on property information with market context.

This Waterloo apartment property comprises eight townhouse-style residences, each arranged with two bedrooms and one bathroom. The units are being offered together as one multifamily asset, providing a consistent configuration across the community.

The property is located at 1223-1237 W Mullan Ave in Waterloo, Iowa, within ZIP Code 50701. Its attached-home format and uniform floor plans create a straightforward profile for multifamily ownership and management.

Key Highlights

  • Eight townhouse‑style apartment units offered together
  • Each residence includes 2 bedrooms and 1 bathroom
  • Uniform unit configuration across the community

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Furniture & Home Goods Parking Lot & Garage Bakery Nail Salon Tech Support Center

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

352
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

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?
Apartment building - Eight attached residences share a practical two-bedroom, one-bathroom layout within a single community.
Where is this apartment building located?
The property is located at 1223-1237 W Mullan Ave Waterloo, IA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Eight townhouse‑style apartment units offered together; Each residence includes 2 bedrooms and 1 bathroom; Uniform unit configuration across the community
More about this property
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