Class A Apartment Community

426 16th Street NW, Waverly, IA 50677

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Turnkey 15-unit Class A building with in-unit laundry and elevator service, maintained to institutional standards.

Type:Multifamily

HighLights

15‑unit Class A apartment community completed in 2019
Unit mix: 11 one‑bedroom and 4 two‑bedroom units, served by a hydraulic passenger elevator
In‑unit washer/dryers and ADA‑accessible bathrooms throughout
Full fire‑sprinkler protection; maintained to institutional standards by current owner
14 of 15 units leased, with 1 unit immediately available for buyer inspection
0.57‑acre site with 6,700 SF of concrete parking

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Listing Contact

Jared Hottle

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For Sale

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Turnkey 15-unit Class A building with in-unit laundry and elevator service, maintained to institutional standards.

Type:Multifamily

Added:: Jun 12, 2026
Days on Market:: 10
Last Refresh:: Jun 20 at 6:04 am

Property Features for 426 16th Street NW

General Information

Standard status: Active
Property subtype: Multifamily

Building Details

Year Built: 2019

We can help!

Listing Contact

Jared Hottle

Listing agent Jared Hottle License #S68688000

Listing office Berkshire Hathaway HomeServices One Realty Centre Waterloo

Listing date Jun 12, 2026

Source Crexi

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 Berkshire Hathaway HomeServices One Realty Centre Waterloo

HighLights

15‑unit Class A apartment community completed in 2019
Unit mix: 11 one‑bedroom and 4 two‑bedroom units, served by a hydraulic passenger elevator
In‑unit washer/dryers and ADA‑accessible bathrooms throughout
Full fire‑sprinkler protection; maintained to institutional standards by current owner
14 of 15 units leased, with 1 unit immediately available for buyer inspection
0.57‑acre site with 6,700 SF of concrete parking

Overview

Red Cedar Place is a 15-unit Class A apartment community completed in 2019. The two-story property includes 11 one-bedroom units and 4 two-bedroom units. Residents benefit from a hydraulic passenger elevator, in-unit washer/dryers, ADA-accessible bathrooms, and full fire-sprinkler protection.

The building is located one block from Wartburg College and minutes from downtown Waverly, Iowa. The property sits on a 0.57-acre site with approximately 6,700 square feet of concrete parking to support resident parking needs.

Currently, 14 of the 15 units are leased, with one unit immediately available for buyer inspection. With maintenance handled to institutional standards by the City of Waverly Low Rent Housing Agency, the community presents an operationally ready offering for an investor seeking a stabilized multifamily asset with an available unit to review during due diligence.

Location Intelligence

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Local Demand

City: Waverly
County: Bremer
State: Iowa
Longitude: -92.4897772
Latitude: 42.7210156

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For sale
Apartment buildings
IA
Waverly
50677
426 16th Street NW

What type of property is this?

Apartment building - Turnkey 15-unit Class A building with in-unit laundry and elevator service, maintained to institutional standards.

Where is this apartment building located?

The property is located at 426 16th Street NW Waverly, IA.

What are key features of this property?

This property features: 15‑unit Class A apartment community completed in 2019; Unit mix: 11 one‑bedroom and 4 two‑bedroom units, served by a hydraulic passenger elevator; In‑unit washer/dryers and ADA‑accessible bathrooms throughout