Fully Rented Triplex
314 Lester Street Waterloo, IA 50703
314 Lester Street, Waterloo, IA, 50703
$85,000
For Sale
$85,000
MULTI_FAMILY - Waterloo, IA
Lot Size0.18 Acres
Days on Market17
Property Features for 314 Lester Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- R-2
- Basement
- Block
- 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
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
Listing Agency
Oakridge Real Estate
(319) 277-5005
3313 Terrace Drive, Cedar Falls, IA
Listed by
Dave Woods
(319) 242-2720
Added: Jul 1 Checked: Jul 17 at 3:06 pm
MLS# 20262962
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 property is a fully rented triplex in a residential R-2 zoning district. It consists of three one-bedroom, one-bath units, each equipped with a stove and refrigerator. Each unit has its own electric meter. The owner is currently responsible for water, snow removal, and lawn care. The seller reports multiple interior updates, including newer flooring, paint, cabinets, countertops, and shower improvements.
The triplex is located at 314 Lester Street in Waterloo, Iowa, on a 0.18-acre lot. The property is described as directly across from Gates Park.
For investors seeking an owner-managed residential income asset, this configuration offers three individual units with separate electric metering and in-unit appliances. The documented maintenance and updates may help reduce immediate interior refresh needs, while the existing structure of owner-paid services supports steady operational responsibility for the exterior items noted in the listing.
The triplex is located at 314 Lester Street in Waterloo, Iowa, on a 0.18-acre lot. The property is described as directly across from Gates Park.
For investors seeking an owner-managed residential income asset, this configuration offers three individual units with separate electric metering and in-unit appliances. The documented maintenance and updates may help reduce immediate interior refresh needs, while the existing structure of owner-paid services supports steady operational responsibility for the exterior items noted in the listing.
Key Highlights
- Fully rented triplex (3 units) directly across from Gates Park
- Each unit is 1 bed / 1 bath and includes a stove and refrigerator
- Monthly rent: Unit 1 $475, Unit 2 $525, Unit 3 $375
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Three separately metered units with recent interior updates and ongoing owner-paid exterior services.
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: Fully rented triplex (3 units) directly across from Gates Park; Each unit is 1 bed / 1 bath and includes a stove and refrigerator; Monthly rent: Unit 1 $475, Unit 2 $525, Unit 3 $375
