Updated
For Sale
$85,000
314 Lester Street, Waterloo, IA 50703
Residential Income, Waterloo, IA
Property SizeContact for details
Lot Size0.18 Acres
Days on Market63
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
Active
APN
891313328004
Lot size
0.18 Acres
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
Natural Gas, Forced Air
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
Listing Agency:
Oakridge Real Estate
(319) 277-5005
Listed By:
Dave Woods
(319) 242-2720
Added: Jul 1
Changed: Aug 19
Last Checked: Sep 1 at 6:06AM
MLS# 20262962
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 three-unit residential income property was built in 1916 and includes three one-bedroom, one-bath apartments. Each unit is equipped with a stove and refrigerator, while recent work has addressed flooring, paint, cabinets, countertops, and a shower. Vinyl siding, an asphalt roof, natural gas forced-air heat, and window-unit cooling serve the property.
The triplex sits across from Gates Park in Waterloo and occupies 0.18 acres. Each apartment has its own electric meter. Ownership currently covers water, lawn care, and snow removal. The property uses public water and public sewer and is zoned R-2.
The triplex sits across from Gates Park in Waterloo and occupies 0.18 acres. Each apartment has its own electric meter. Ownership currently covers water, lawn care, and snow removal. The property uses public water and public sewer and is zoned R-2.
Key Highlights
- Three‑unit triplex with three one‑bedroom, one‑bath apartments
- Fully rented residential income property
- Each unit has its own electric meter
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully leased three-unit property with individually metered electricity and recent interior improvements.
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‑unit triplex with three one‑bedroom, one‑bath apartments; Fully rented residential income property; Each unit has its own electric meter
