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Two-Unit Duplex with Detached Garage
For Sale
$210,000

202 E 1st Street, Waterloo, IL 62298

Partially updated duplex with separate laundry areas, vinyl windows, and a detached garage.

Property Size1,396 SF
Days on Market28

Property Features for 202 E 1st Street

General Information

Standard status Active
Size 1,396 SF
Property subtype Residential Income

Units

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

Taxes and HOA fees

Annual Taxes $3,808

Building Details

Building Size 1,396 SF
Year Built 1890
Units 2
Listing Agency: Strano & Associates
Listed By: Tina LaChance
Source: Powerhausrealty
Added: Aug 3 Changed: Aug 29 Last Checked: Aug 29 at 11:02AM

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 Strano & Associates

Investment Insights

Based on property information with market context.

This 1 1/2-story duplex contains two units, each configured with 2BR/1BA. Unit B has received recent interior improvements, including luxury vinyl flooring, carpet, fresh paint, new light fixtures, and updated bathroom fixtures. Its water heater is approximately 6 months old. Double-hung vinyl windows serve the property.

The building includes a detached garage and a basement on the Unit B side. Laundry is located on the main floor for Unit A and in the basement for Unit B. Built in 1890, the property is positioned in downtown Waterloo and is being offered in as-is condition, with the seller making no repairs based on inspections.

Key Highlights

  • Two units, each with 2BR/1BA
  • Unit B updated with luxury vinyl flooring, carpet, fresh paint, light fixtures, and bathroom fixtures
  • Unit B water heater is approx. 6 months old

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Pharmacy HVAC Service 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

2
Residential units

Location Intelligence

Trade Area within ½ mile

439
Businesses Nearby

Demographics for 62298, IL

17,630
Population
7,562
Households
2.3
Avg Household Size
44
Median Age
35%
College-Educated
96%
High-School Grad
143.0 sq mi
ZIP Area
123
Density / Sq Mi
$94,073
Median Household Income
$52,823
Median Earnings
$884
Median Rent
$263,200
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?
Duplex - Partially updated duplex with separate laundry areas, vinyl windows, and a detached garage.
Where is this duplex located?
The property is located at 202 E 1st Street Waterloo, IL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two units, each with 2BR/1BA; Unit B updated with luxury vinyl flooring, carpet, fresh paint, light fixtures, and bathroom fixtures; Unit B water heater is approx. 6 months old
More about this property
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