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Side-by-Side Duplex with Patio
For Sale
$189,900

1721 & 1723 Falls Avenue, Waterloo, IA 50701

MULTI_FAMILY - Waterloo, IA

Property SizeContact for details
Lot Size0.12 Acres
Days on Market66

Property Features for 1721 & 1723 Falls Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R-2
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Patio and Porch features Patio
Exterior features Patio
Basement Block, Concrete
Elementary school Irving Elementary
Middle school Central MS - Waterloo CSD
High school West High
Standard status Active
APN 891322387021
Lot size 0.12 Acres

Taxes and HOA fees

Tax Description HAGERMAN PLACE LOT 7 BLK 2
Tax Annual Amount 2747
Legal Description HAGERMAN PLACE LOT 7 BLK 2

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Ceiling Fan(s), Central Air
Water source Public

Amenities

washer/dryer hookups
central air
full basements

Building Details

Year built 1913
Floors in Building 2
Number of units 2
Building materials Shingle Siding, Vinyl Siding
Roof type Asphalt
Listing Agency: Berkshire Hathaway Home Services One Realty Centre · Berkshire Hathaway HomeServices
Listed By: Jordan Porter · License #B66586000
Added: Jun 5 Changed: Aug 5 Last Checked: Aug 9 at 4:06AM
MLS# 20262519

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.

This well-maintained side-by-side duplex features two 2-bedroom, 1-bath units. Each unit offers approximately 900 square feet with spacious layouts and large bedrooms, along with full basements for storage or additional usable space. Tenants benefit from washer/dryer hookups, central air, and off-street parking.

The property includes a patio and uses shingle siding and vinyl siding. Construction includes forced-air natural gas heating and central air with ceiling fans. The roof is asphalt. Water is public and the sewer is public sewer.

Recent updates include a new roof, new siding, gutters, newer carpet on both sides, newer furnace/AC units, and new water heaters. Built in 1913, the duplex is set on a 0.115-acre lot and provides separate utilities for each unit.

Key Highlights

  • R‑2 zoning side‑by‑side duplex with separate utilities
  • Two units, each approximately 900 SF with 2 bedrooms and 1 bathroom
  • Full basements plus washer/dryer hookups for tenant convenience

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Daycare Center Building Supply Real Estate Agency Gym & Fitness 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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

371
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Well-maintained side-by-side duplex in R-2 zoning with central air, off-street parking, and separate utilities.
Where is this duplex located?
The property is located at 1721 & 1723 Falls Avenue Waterloo, IA.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: R‑2 zoning side‑by‑side duplex with separate utilities; Two units, each approximately 900 SF with 2 bedrooms and 1 bathroom; Full basements plus washer/dryer hookups for tenant convenience
More about this property
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