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Updated Duplex with Separate Utilities

303 NW 3rd Street Waverly, IA 50677

303 NW 3rd Street, Waverly, IA, 50677

$183,900

For Sale

$183,900

MULTI_FAMILY - Waverly, IA

Lot Size0.20 Acres

AddedMay 23

Days on Market54

Last RefreshJul 15 at 5:06 pm

Property Features for 303 NW 3rd Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R-2
Bedrooms: 4
Bathrooms: 2
Rooms: Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2
Parking features: On Street, Garage, Assigned
Patio and Porch features: Deck
Exterior features: Deck
Standard status: Active
APN: 0902109006
Lot size: 0.20 Acres

Taxes and HOA fees

Tax Description: 02-91-14 HARMON & LEVALLEY LOT 8 BLK 39 (full legal description to be taken from abstract)
Tax Annual Amount: 2922

Utilities

Sewer type: Public Sewer
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1897
Number of units: 2
Building materials: Wood Siding
Roof type: Rubber, Asphalt

Listing agent Justin Schedtler

Listing office RE/MAX Concepts - Waverly 1101 West Bremer Avenue, Waverly, IA

Listing date May 23, 2026

MLS# 20262280 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 fully-leased duplex includes two updated units designed for independent occupancy, with separate utilities supporting tenant-level control and simplifying day-to-day operations. The property is presented as a turnkey investment, with existing rental occupancy in place.

Located at 303 NW 3rd Street in Waverly, Iowa, the duplex sits on a quiet street and is described as being near local shops and dining, as well as Wartburg College. The property’s R-2 zoning provides residential flexibility consistent with a duplex format, and the lot is listed at approximately 0.2 acres.

For buyers seeking a residential income property, this two-unit configuration can support a variety of strategies, including owner-occupancy with rental of the second unit, or continued management of both units as a leased duplex. With separate utilities and two updated interiors already in place, the asset may be well-suited for an operator looking for a manageable setup and immediate occupancy. Schedule a showing to review the units and confirm current lease terms.

Key Highlights

Fully‑leased duplex featuring separate utilities
Built in 1897 with wood siding exterior
Central air cooling

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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