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    Fourplex Residential Income Property Title is generated by Realmo AI

    237 Miriam Drive, Waterloo, IA 50702

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    Claim this Listing
    New
    For Sale
    $149,900

    MULTI_FAMILY - Waterloo, IA

    Lot size:
    0.15 Acres
    Added:
    Jun 11, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 11 at 9:06 pm

    Property Features for 237 Miriam Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-1
    Bedrooms
    8
    Rooms
    Bedroom 3, Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 4
    Standard status
    Active
    APN
    891335157010
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Description
    MILLERS REPLAT OF LOT 26 OF AUDITOR FRANCIS REITZEL LAT WLOO W 60 FT E 130.33 FT S 104.5 DR LOR 6
    Tax Annual Amount
    3118

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1963
    Number of units
    4
    Building materials
    Brick, Vinyl Siding
    Roof type
    Asphalt

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    Listing Contact
    Bethany Benner
    Bethany Benner

    Listing agent Bethany Benner License #S67248

    Listing office Oakridge Real Estate 3313 Terrace Drive, Cedar Falls, IA

    Listing date Jun 11, 2026

    MLS# 20262635 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.

    HighLights

    • 4‑plex with 3 of 4 units currently occupied for immediate income potential
    • Year built 1963 with brick and vinyl siding exterior materials
    • Public utilities: public water and public sewer
    • Roofing includes asphalt shingles
    • Cooling: window unit(s)

    Overview

    This residential income property is a fourplex configured for four separate rental units. Three of the four units are currently occupied, providing immediate rental occupancy in-place. The seller notes that some flooring has already been updated, which can reduce near-term interior refresh needs for an owner or investor. With the remaining unit available, the property also supports use as a mix of rental and owner-occupancy depending on the buyer’s preference.

    The property is located at 237 Miriam Drive in Waterloo, Iowa, within Black Hawk County. It sits on a 0.15-acre lot and is zoned R-1. The listed address places it in the established residential area of Waterloo, where buyers often look for manageable, income-oriented housing.

    For tenants, this setup can offer straightforward, independent unit living within a small multifamily structure. For buyers, the four-unit configuration and existing occupancy present a practical path to either stabilize rents across all units or tailor the living arrangement by adding a tenant to the remaining unit or occupying it while collecting income from the others. The partially completed flooring updates are a concrete improvement noted with the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Black Hawk
    State
    Iowa
    Longitude
    -92.35335
    Latitude
    42.478649

    FAQs

    What type of property is this?
    Quadplex - Well-maintained fourplex with three occupied units and partial flooring updates in a R-1 zoning setting.
    Where is this quadplex located?
    The property is located at 237 Miriam Drive Waterloo, IA.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: 4‑plex with 3 of 4 units currently occupied for immediate income potential; Year built 1963 with brick and vinyl siding exterior materials; Public utilities: public water and public sewer
    More about this property
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