Two-Unit Ranch-Style
New
For Sale
$269,900
2331-2333 Fairway Lane, Waterloo, IA 50701
Residential Income, Waterloo, IA
Property SizeContact for details
Lot Size0.19 Acres
Days on Market2
Property Features for 2331-2333 Fairway Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Parking features
Garage
Patio and Porch features
Patio
Exterior features
Patio
Basement
Concrete, Partially Finished
Subdivision
Bonds Addition
Elementary school
Kingsley Elementary
Middle school
Hoover Intermediate
High school
West High
Standard status
Active
APN
891333280011
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
Bonds Addition Lot 23
Tax Annual Amount
4971
Legal Description
Bonds Addition Lot 23
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1978
Number of units
2
Building materials
Wood Siding
Roof type
Asphalt
Listing Agency:
Re/Max Concepts · RE/MAX International
(319) 266-7100
Listed By:
Scott Seeley
(319) 415-6683
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 7:06AM
MLS# 20265141
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.
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Investment Insights
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This 1978 duplex contains two ranch-style residences, each with 912 square feet on the main level and a mostly finished lower level. Each main floor has an eat-in kitchen with a stove, refrigerator, and dishwasher, a living room, a full bathroom, and two bedrooms. The lower level adds a family room, laundry and storage area, and a third non-conforming bedroom. Each residence also has a detached two-car garage and a patio.
The property occupies a 0.1896-acre lot at 2331-2333 Fairway Lane in Waterloo. It is zoned R-2 and has public water and sewer service. The owners report no vacancy during their 21-plus years of ownership.
The property occupies a 0.1896-acre lot at 2331-2333 Fairway Lane in Waterloo. It is zoned R-2 and has public water and sewer service. The owners report no vacancy during their 21-plus years of ownership.
Key Highlights
- Two ranch‑style residences, each with 912 square feet on the main level
- Each side has two main‑level bedrooms and a third non‑conforming bedroom downstairs
- Detached two‑car garage for each residence
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include finished lower-level space and a detached two-car garage.
Where is this duplex located?
The property is located at 2331-2333 Fairway Lane Waterloo, IA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two ranch‑style residences, each with 912 square feet on the main level; Each side has two main‑level bedrooms and a third non‑conforming bedroom downstairs; Detached two‑car garage for each residence
