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Turnkey Duplex Investment Property

203-205 N Hackett Road Waterloo, IA 50701

203-205 N Hackett Road, Waterloo, IA, 50701
$264,900
Pending
For Sale
Claim this Listing
$264,900
Pending

MULTI_FAMILY - Waterloo, IA

Lot Size0.34 Acres
AddedJun 1
Days on Market46
Last RefreshJul 16 at 12:06 am

Property Features for 203-205 N Hackett Road

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3
Parking features
Garage
Exterior features
Outbuildings
Basement
Concrete
Standard status
Pending
APN
891317429012
Lot size
0.34 Acres

Taxes and HOA fees

Tax Description
AUDITOR WHITNEY ROAD PLAT CASTLE HILL WATERLOO PART LOT 61 BEG AT A PT ON THE E LINE OF SAID LOT THAT IS 274.5 FT N OF THE SE COR LOT 61 TH S 89 DEG 57 MIN W 144 FT TH S 0 DEG 38 MIN 24 SEC E 101.9 FT TH N 89 DEG 57 MIN E TO THE E LINE OF SAID LOT TH N
Tax Annual Amount
4923

Utilities

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

Building Details

Year built
1981
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Roof type
Asphalt
Additional Structures
Outbuilding

Listing agent Danielle Morris License #S614440

Listing office Berkshire Hathaway Home Services One Realty Centre 1118 Ansborough Ave, Waterloo, IA

Listing date Jun 1, 2026

MLS# 20262402 Listing URL

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 duplex is exceptionally clean and presented as a turnkey investment. The property includes two spacious units, and each offers two large bedrooms, an updated bathroom, a generous living room, a dining area, and a functional kitchen layout. Each unit also has a lower level with washer and dryer plus excellent storage space. For tenant convenience, there is an attached garage serving the property, and the lot is large and partially fenced. In addition, there is a detached two-stall, double-deep garage currently used by the owner for storage, with strong potential for additional rental income or expanded tenant storage.

The duplex is located in a highly desirable Waterloo setting in Black Hawk County. It sits on a 0.34-acre lot and is served by driveway access associated with the attached and detached garages, creating practical on-site parking and storage options.

The current configuration and occupancy make this a compelling fit for investors seeking reliable, low-maintenance income. Long-term tenants occupy both units, with tenancy of 6+ years and 3+ years, supporting a strong rental history. The combination of functional interiors, laundry within each unit’s lower level, and flexible garage space can appeal to both seasoned and first-time buyers looking for a well-cared-for residential income property.

Key Highlights

  • Well‑maintained 1981 duplex with 2 units, each featuring 2 large bedrooms and 1 updated bathroom
  • Each unit includes a generous living room, dining area, and functional kitchen layout
  • Lower level in each unit has in‑unit washer and dryer plus storage space

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Dental Office Law Firm Building Supply Spa & Massage Center Restaurant Hair Salon Electrical Service HVAC Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Fully occupied duplex with two updated, spacious units and attached garages on a partially fenced lot.
Where is this duplex located?
The property is located at 203-205 N Hackett Road Waterloo, IA.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Well‑maintained 1981 duplex with 2 units, each featuring 2 large bedrooms and 1 updated bathroom; Each unit includes a generous living room, dining area, and functional kitchen layout; Lower level in each unit has in‑unit washer and dryer plus storage space
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