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Well-Kept Triplex with Detached Garages
For Sale
$549,900

5309-5311 Blue Bonnet Dr, Waterloo, IA 50702

One-level triplex units feature separate laundry, walk-in closets, pantry space, and individually metered utilities.

Property Size1,544 SF
Price / SF$356.15
Days on Market50

Property Features for 5309-5311 Blue Bonnet Dr

General Information

Standard status Active
Size 1,544 SF
Total Parking Spaces 5
Property subtype Multi-Family

Additional Details

Multifamily Units 3

Amenities

separate laundry
walk-in closets
pantry
heated garage

Building Details

Year Built 1978
Listing Agency: EXP Realty, LLC
Listed By: Carissa Holton
Source: Kwlegacyrealty
Added: Jul 21 Changed: Sep 5 Last Checked: Sep 7 at 12:02PM

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 EXP Realty, LLC

Investment Insights

Based on property information with market context.

This well-kept one-level triplex offers a unique layout with 2-bedroom, 2-bathroom units. Each unit includes separate laundry and features walk-in closets and pantry space, with storage integrated throughout the homes. Utilities are all metered separately, providing individual billing for each unit.

The property includes detached garage spaces for the three units: 5309 has a single detached garage, 5311 has a double detached heated garage, and 3216 Thistle Down has a double detached garage.

Available as a for-sale opportunity, the property is presented as a complete triplex package with on-site parking through the detached garage configuration.

Key Highlights

  • 1978‑built one‑level triplex with 2‑bedroom, 2‑bath units
  • Each unit includes separate laundry, walk‑in closets, and pantry space
  • Utilities are all individually metered for each unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Spa & Massage Center Building Supply

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

39
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - One-level triplex units feature separate laundry, walk-in closets, pantry space, and individually metered utilities.
Where is this triplex located?
The property is located at 5309-5311 Blue Bonnet Dr 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: 1978‑built one‑level triplex with 2‑bedroom, 2‑bath units; Each unit includes separate laundry, walk‑in closets, and pantry space; Utilities are all individually metered for each unit
More about this property
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