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Updated Duplex
For Sale
$183,900

303 3rd St Nw, Waverly, IA 50677

Two refreshed units with separate utilities are currently fully leased.

Property Size1,224 SF
Price / SF$150.25
Days on Market78

Property Features for 303 3rd St Nw

General Information

Standard status Active
Size 1,224 SF
Property subtype Residential Income
Occupancy 100%

Taxes and HOA fees

Annual Taxes $2,922

Building Details

Tenancy Multi
Listing Agency: RE/MAX Concepts - Waverly
Listed By: Justin Schedtler
Source: Exprealty
Added: May 23 Changed: Aug 2 Last Checked: Aug 8 at 7:52AM

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 RE/MAX Concepts - Waverly

Investment Insights

Based on property information with market context.

This 1,224-square-foot duplex contains two updated residential units and is currently fully leased. Each unit has separate utilities, supporting straightforward operating allocation between the residences. The property offers a compact multifamily configuration in Waverly, with the existing lease status and unit improvements providing clear operating context for a new owner.

Located at 303 3rd St Nw, the duplex is near local shops, dining, and Wartburg College. Its placement on a quiet street adds a residential setting while keeping everyday amenities and the college campus close by.

Key Highlights

  • 1,224‑square‑foot duplex with two updated units
  • Both units are currently fully leased
  • Separate utilities serve the units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Building Supply Big Box & Wholesale Store Auto Parts Store Parking Lot & Garage Skin Care Clinic

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

722
Businesses Nearby

Demographics for 50677, IA

12,789
Population
5,053
Households
2.5
Avg Household Size
37
Median Age
41%
College-Educated
95%
High-School Grad
128.6 sq mi
ZIP Area
99
Density / Sq Mi
$82,950
Median Household Income
$39,065
Median Earnings
$880
Median Rent
$221,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two refreshed units with separate utilities are currently fully leased.
Where is this duplex located?
The property is located at 303 3rd St Nw Waverly, IA.
What is the asking price?
The asking price for this property is $183,900.
What are key features of this property?
This property features: 1,224‑square‑foot duplex with two updated units; Both units are currently fully leased; Separate utilities serve the units
More about this property
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