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Duplex with Triple Garage

3306 Midway Drive, Waterloo, IA 50701

For Sale
$324,900

Residential Income, Waterloo, IA

Property SizeContact for details
Lot Size0.60 Acres
Days on Market52

Property Features for 3306 Midway Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R-1
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking features Garage
Basement Partially Finished
Elementary school Cedar Heights Elementary
Middle school Peet Junior High
High school Cedar Falls High
Standard status Active
APN 891320255001
Lot size 0.60 Acres

Taxes and HOA fees

Tax Description CEDARLOO PARK LOT W-1 EXC N 30 FT LOT W-2
Tax Annual Amount 6134
Legal Description CEDARLOO PARK LOT W-1 EXC N 30 FT LOT W-2

Utilities

Sewer type Public Sewer
Cooling system Central Air
Water source Public

Amenities

front patio
private covered patio

Building Details

Year built 1951
Number of units 2
Building materials Vinyl Siding
Roof type Asphalt
Buildings 1
Listing Agency: AWRE, EXP Realty, LLC
Listed By: Amy Wienands · License IA B34553
Added: Sep 23 Changed: Nov 11 Last Checked: Nov 13 at 11:06PM
MLS# 20264599

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.

Rey
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Investment Insights

Based on property information with market context.

This duplex includes a larger residence and a separate smaller unit, offering two distinct living spaces within one property. The main residence has an updated kitchen, two bedrooms, a full bathroom, main-floor laundry, several living areas, and an unfinished basement. An office area provides additional flexibility. The secondary unit features an open kitchen and living room, one bedroom, and a full bathroom. Each residence has its own front patio, while a larger covered concrete patio provides additional outdoor space.

Set on a 0.6-acre corner lot in Waterloo, the property has mature trees, established landscaping, and a private outdoor setting. Recent improvements include windows, vinyl siding, the asphalt roof, and gutters. A detached triple garage adds vehicle, storage, hobby, or workshop capacity. The property uses public water and public sewer, with central air and R-1 zoning. Its Waterloo address is within the Cedar Falls School District.

Key Highlights

  • Duplex with two separate living spaces
  • 0.6‑acre corner lot with mature trees and established landscaping
  • Main residence includes 2 bedrooms, full bathroom, updated kitchen, laundry, and unfinished basement

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

553
Businesses Nearby

Demographics for 50701, IA

29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Duplexes in Black Hawk County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Flexible two-unit property with updated systems, private outdoor areas, and a substantial corner lot.
Where is this duplex located?
The property is located at 3306 Midway Drive Waterloo, IA.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Duplex with two separate living spaces; 0.6‑acre corner lot with mature trees and established landscaping; Main residence includes 2 bedrooms, full bathroom, updated kitchen, laundry, and unfinished basement
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