314 Lester St Waterloo, IA 50703

Building Details

Year Built

1916

Listing agency Oakridge Real Estate d***@oakridge.net Show Phone

Listed by Dave Woods

Source Kwlegacyrealty

Added: Jul 20 Updated: Jul 22 at 12:10AM Checked: Jul 22 at 4:51AM

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Investment Insights

Based on property information with market context.

This fully rented triplex includes three 1-bedroom, 1-bath units. Each unit has a stove and refrigerator and its own electric meter. The owner currently pays for water, snow removal, and lawn care.

The seller has maintained the property with multiple updates, including newer flooring, paint, cabinets, countertops, and shower improvements across the units.

All three units are currently occupied, supporting immediate rental income. The property is listed for sale as a residential income investment.

Key Highlights

• Fully rented triplex with three 1‑bedroom, 1‑bath units
• Unit rents: $475/mo (Unit 1), $525/mo (Unit 2), and $375/mo (Unit 3)
• Each unit has its own electric meter

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FAQs

What type of property is this?

Triplex - Triplex income property with three 1-bedroom units, each with its own electric meter and updated interiors.

Where is this triplex located?

The property is located at 314 Lester St Waterloo, IA.

What is the asking price?

The asking price for this property is $85,000.

What are key features of this property?

This property features: Fully rented triplex with three 1‑bedroom, 1‑bath units; Unit rents: $475/mo (Unit 1), $525/mo (Unit 2), and $375/mo (Unit 3); Each unit has its own electric meter