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32-Unit Apartment Building

211 Madison Street, Waterloo, IA 50703

For Sale
$1,590,000

Each apartment has a two-bedroom, one-bathroom layout and a full basement.

Property Size1,224 SF
Price / SF$1,299
Days on Market772

Property Features for 211 Madison Street

General Information

Standard status Active
Size 1,224 SF
Property subtype Apartment

Units

Unit Mix 32 x 2BR/1BA
Multifamily Units 32

Taxes and HOA fees

Annual Taxes $32,163

Building Details

Building Size 1,224 SF
Year Built 1950
Listing Agency: EPM, Iowa
Listed By: Tyler Rasmussen · License IA B63386000
Source: Karensteffeshomes
Added: Sep 29, 2024 Changed: Nov 9 Last Checked: Nov 8 at 2:50PM

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 EPM, Iowa

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Investment Insights

Based on property information with market context.

The 32-unit apartment property was built in 1950. Apartments are configured with two bedrooms and one bathroom, with a full basement providing additional space. Occupancy has been reported at 95% or higher.

Residents cover electric, water, gas, and sewer service. The owner handles refuse collection, lawn maintenance, and snow clearing.

Key Highlights

  • 32 apartment units with reported occupancy of 95% or higher
  • Two‑bedroom, one‑bathroom floor plans
  • Full basements in the apartments

Property Analytics

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Lease Details

32
Residential units

Location Intelligence

Trade Area within ½ mile

156
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Apartment buildings in Black Hawk County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Each apartment has a two-bedroom, one-bathroom layout and a full basement.
Where is this apartment building located?
The property is located at 211 Madison Street Waterloo, IA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: 32 apartment units with reported occupancy of 95% or higher; Two‑bedroom, one‑bathroom floor plans; Full basements in the apartments
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