3-Unit Residential
For Sale
$85,000
Pending
314 Lester Street, Waterloo, IA 50703
Residential Income, Waterloo, IA
Property SizeContact for details
Lot Size0.18 Acres
Days on Market119
Property Features for 314 Lester Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-2
Basement
Block
Elementary school
Cunningham
Middle school
George Washington Carver Academy
High school
East High
Standard status
Pending
APN
891313328004
Lot size
0.18 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Description
MANSONS THIRD ADDITION E 3 FT LOT 3 BLK 2 LOT 4 BLK 2
Tax Annual Amount
1044
Legal Description
MANSONS THIRD ADDITION E 3 FT LOT 3 BLK 2 LOT 4 BLK 2
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1916
Floors in Building
2
Number of units
3
Building materials
Vinyl Siding
Roof type
Asphalt
Buildings
1
Listing Agency:
Oakridge Real Estate
(319) 277-5005
Listed By:
David Woods
(319) 242-2720
Added: Jul 1
Changed: Oct 26
Last Checked: Oct 27 at 2:06AM
MLS# 20265246
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
Based on property information with market context.
This 1916 triplex contains three one-bedroom, one-bathroom apartments. Each unit has a stove, refrigerator, and its own electric meter. Recent work includes flooring, paint, cabinets, countertops, and shower updates. The property has forced-air natural gas heat, window-unit cooling, public water, and public sewer, and sits on a 0.18-acre lot with R-2 zoning.
Gates Park is directly across the street. The owner handles water, snow removal, and lawn care.
Gates Park is directly across the street. The owner handles water, snow removal, and lawn care.
Key Highlights
- Three leased apartments, each with one bedroom and one bathroom
- Separate electric meter for each unit
- Stove and refrigerator in every apartment
Property Analytics
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 50703, IA
18,913
Population
8,705
Households
2.2
Avg Household Size
38
Median Age
13%
College-Educated
87%
High-School Grad
93.2 sq mi
ZIP Area
203
Density / Sq Mi
$49,412
Median Household Income
$33,105
Median Earnings
$926
Median Rent
$92,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments are leased, with separate electric meters serving each unit.
Where is this triplex located?
The property is located at 314 Lester Street 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: Three leased apartments, each with one bedroom and one bathroom; Separate electric meter for each unit; Stove and refrigerator in every apartment
