Duplex Residential Income
For Sale
$259,900
Pending
409 & 806 Rachael & Nancy, Waterloo, IA 50701
MULTI_FAMILY - Waterloo, IA
Property SizeContact for details
Lot Size0.25 Acres
Days on Market63
Property Features for 409 & 806 Rachael & Nancy
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-1
Parking features
Garage
Basement
Block
Elementary school
Lou Henry
Middle school
Hoover Intermediate
High school
West High
Standard status
Pending
APN
881304452002
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
THIRD ADDTION TO SOUTHRIDGE LOT 93
Tax Annual Amount
5519
Legal Description
THIRD ADDTION TO SOUTHRIDGE LOT 93
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1975
Number of units
2
Building materials
Wood Siding
Roof type
Asphalt
Listing Agency:
EXP Realty, LLC
(833) 835-5566
Listed By:
Chris Carter · License #S60381
(319) 230-3195
Added: Jun 8
Changed: Jul 17
Last Checked: Aug 9 at 4:06AM
MLS# 20262567
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 for-sale duplex property includes two residential units under a single ownership structure, suited to buyers seeking an income-focused residential asset. The site sits on approximately 0.2534 acres. The property is identified as 409 & 806 Rachael & Nancy in Waterloo, Iowa.
The duplex is located in Waterloo, within Black Hawk County, IA, and is zoned R-1. That zoning designation supports residential use and can be relevant for buyers evaluating how the property fits within local land-use requirements.
For potential owner-occupants or investors, the two-unit duplex format provides a practical way to own multiple rental units in one property rather than a larger multifamily building. Prospective tenants and buyers should review unit layouts, condition, and any available operating details as part of their due diligence, since the listing information provided does not specify those internal characteristics.
The duplex is located in Waterloo, within Black Hawk County, IA, and is zoned R-1. That zoning designation supports residential use and can be relevant for buyers evaluating how the property fits within local land-use requirements.
For potential owner-occupants or investors, the two-unit duplex format provides a practical way to own multiple rental units in one property rather than a larger multifamily building. Prospective tenants and buyers should review unit layouts, condition, and any available operating details as part of their due diligence, since the listing information provided does not specify those internal characteristics.
Key Highlights
- Duplex built in 1975
- Central air conditioning
- Wood siding exterior and asphalt shingle roof
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Waterloo, Iowa offers a two-unit setup within an R-1 zoning designation for residential use.
Where is this duplex located?
The property is located at 409 & 806 Rachael & Nancy Waterloo, IA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Duplex built in 1975; Central air conditioning; Wood siding exterior and asphalt shingle roof
