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4-Unit Quadplex with Updated Interiors
For Sale
$270,000

911 Lafayette St, Waterloo, IA 50703

Fully occupied four-unit property with recent flooring, mechanical, bathroom, and deck improvements.

Property Size3,632 SF
Price / SF$74.34
Days on Market36

Property Features for 911 Lafayette St

General Information

Standard status Active
Size 3,632 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Amenities

deck

Building Details

Year Built 1904
Tenancy Multi
Listing Agency: Berkshire Hathaway Home Services One Realty Centre
Listed By: Brandie White · License #S68887000
Source: Kwlegacyrealty
Added: Jul 26 Changed: Aug 29 Last Checked: Aug 12 at 8:02AM

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 Berkshire Hathaway Home Services One Realty Centre

Investment Insights

Based on property information with market context.

Built in 1904, this R-M-zoned quadplex contains four residential units, each offering two bedrooms, one bathroom, and approximately 900 square feet of living space. The property is fully occupied and produces rental income, with several capital improvements completed across the building. Updates include LVP flooring in multiple units, a high-efficiency furnace installed in one unit, and refreshed bathroom fixtures with a new toilet and shower.

A newly constructed, city-approved deck serves the two upper-level units. The property is located at 911 Lafayette Street in Waterloo, with downtown shopping, dining, and amenities described as just minutes away. The sale is offered as-is.

Key Highlights

  • Four 2‑bedroom, 1‑bath units, each with approximately 900 sq. ft. of living space
  • Fully occupied quadplex with rental income in place
  • R‑M zoning and 1904 construction

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Pharmacy Spa & Massage Center Nail Salon Skin Care Clinic

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

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,222
Businesses Nearby

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

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

What type of property is this?
Quadplex - Fully occupied four-unit property with recent flooring, mechanical, bathroom, and deck improvements.
Where is this quadplex located?
The property is located at 911 Lafayette St Waterloo, IA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units, each with approximately 900 sq. ft. of living space; Fully occupied quadplex with rental income in place; R‑M zoning and 1904 construction
More about this property
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