Fully Rented Triplex with Separate
For Sale
$85,000
314 Lester St, Waterloo, IA 50703
Triplex income property with three 1-bedroom units, each with its own electric meter and updated interiors.
Property Size1,380 SF
Price / SF$61.59
Days on Market44
Property Features for 314 Lester St
General Information
Standard status
Active
Size
1,380 SF
Property subtype
Multi-Family
Building Details
Year Built
1916
Listing Agency:
Oakridge Real Estate
(319) 242-2720
Listed By:
Dave Woods
Source:
Kwlegacyrealty
Added: Jul 20
Changed: Aug 8
Last Checked: Aug 31 at 6:27PM
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 Oakridge Real Estate
Investment Insights
Based on property information with market context.
This fully rented triplex includes three 1-bedroom, 1-bath units. Each unit has a stove and refrigerator and its own electric meter. The owner currently pays for water, snow removal, and lawn care.
The seller has maintained the property with multiple updates, including newer flooring, paint, cabinets, countertops, and shower improvements across the units.
All three units are currently occupied, supporting immediate rental income. The property is listed for sale as a residential income investment.
The seller has maintained the property with multiple updates, including newer flooring, paint, cabinets, countertops, and shower improvements across the units.
All three units are currently occupied, supporting immediate rental income. The property is listed for sale as a residential income investment.
Key Highlights
- Fully rented triplex with three 1‑bedroom, 1‑bath units
- Unit rents: $475/mo (Unit 1), $525/mo (Unit 2), and $375/mo (Unit 3)
- Each unit has its own electric meter
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 50703, IA
18,913
Population
8,705
Households
2.2
Avg Household Size
38
Median Age
13%
College-Educated
87%
High-School Grad
93.2 sq mi
ZIP Area
203
Density / Sq Mi
$49,412
Median Household Income
$33,105
Median Earnings
$926
Median Rent
$92,500
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 - Triplex income property with three 1-bedroom units, each with its own electric meter and updated interiors.
Where is this triplex located?
The property is located at 314 Lester St Waterloo, IA.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Fully rented triplex with three 1‑bedroom, 1‑bath units; Unit rents: $475/mo (Unit 1), $525/mo (Unit 2), and $375/mo (Unit 3); Each unit has its own electric meter
