Updated Duplex with Modern
For Sale
$239,900
336 S Hackett Road, Waterloo, IA 50701
Two residential units offer refreshed interiors, finished basements, and recent mechanical and exterior improvements.
Property Size1,954 SF
Price / SF$122.77
Days on Market71
Property Features for 336 S Hackett Road
General Information
Standard status
Active
Size
1,954 SF
Property subtype
Multi-Family
Zoning
R-1
Lease Term
Month To Month
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,585
Amenities
Block
Lower Level
1056
Public
100 x 400
Gravel,On Street,Over 1 Space,Parking Pad,None
Hard Surface Road
Building Details
Year Built
1903
Buildings
1
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 393-0900
Listed By:
Lisa Coots-Schooley
(641) 781-0867
Source:
Pinnaclerealtyia
Added: Aug 5
Changed: Oct 11
Last Checked: Oct 12 at 6:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lepic-Kroeger, REALTORS
Investment Insights
Based on property information with market context.
This two-unit residential property combines refreshed interiors with substantial systems work. Each unit includes an updated kitchen with newer cabinetry, countertops, flooring, and appliances, along with improved dining and living areas. The upper level in each unit has two bedrooms with oversized closets and a renovated full bathroom. Clean, dry basements provide laundry areas with washers and dryers.
Major improvements include new wiring, replacement windows, newer water heaters, and a furnace and A/C installed approximately 6 years ago. The roof and siding were replaced in 2018. Built in 1903, the property contains 1,954 square feet and is zoned R-1.
Major improvements include new wiring, replacement windows, newer water heaters, and a furnace and A/C installed approximately 6 years ago. The roof and siding were replaced in 2018. Built in 1903, the property contains 1,954 square feet and is zoned R-1.
Key Highlights
- Two‑unit property with 1,954 square feet
- Both kitchens feature newer cabinets, countertops, flooring, and appliances
- Each unit has two bedrooms with oversized closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,853
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,060
$357.1K
Cap Rate 7%
$255,043
$255.0K
Cap Rate 9%
$198,367
$198.4K
Market Conditions
NOI Build-Up for 1,954 SF
Gross rent
$27.0K $13.80/SF
− Vacancy
−$1.5K −$0.75/SF
EGI
$25.5K $13.05/SF
− OpEx
−$7.7K −$3.92/SF
NOI
$17.9K $9.14/SF
Area
Black Hawk County, IA
Vacancy
5.42%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,060
Cap Rate 7%
$255,043
Cap Rate 9%
$198,367
Alternative Uses
Best Use
Multifamily LT 5
$255.0K
$223.2K – $297.6K
NOI $17,853 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$224.1K
$196.1K – $261.5K
NOI $15,688 @ 7.0% cap · market cap 6.54%
Theoretical Best
Mixed Use
$2.45M
$2.14M – $2.86M
NOI $171,464 @ 7.0% cap · market cap 71.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer refreshed interiors, finished basements, and recent mechanical and exterior improvements.
Where is this duplex located?
The property is located at 336 S Hackett Road Waterloo, IA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit property with 1,954 square feet; Both kitchens feature newer cabinets, countertops, flooring, and appliances; Each unit has two bedrooms with oversized closets
