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One-Level Triplex with Detached Garages

5309-5311 Blue Bonnet Drive Waterloo, IA 50702

5309-5311 Blue Bonnet Drive, Waterloo, IA, 50702
$549,900
For Sale
$549,900

MULTI_FAMILY - Waterloo, IA

Lot Size1.20 Acres
Days on Market48

Property Features for 5309-5311 Blue Bonnet Drive

General Information

Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-3
Bedrooms
6
Bathrooms
4
Rooms
Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 1
Parking features
Garage
Standard status
Active
APN
881218104006
Lot size
1.20 Acres

Taxes and HOA fees

Tax Description
See Assessors Site for both parcels. 5309-5311 Blue Bonnet and 3216 Thistle Down Drive.
Tax Annual Amount
11519

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air, Electric, Heat Pump
Water source
Public

Building Details

Year built
1978
Floors in Building
1
Number of units
3
Building materials
Wood Siding
Roof type
Asphalt
Listing Agency EXP Realty, LLC
5550 Wild Rose Lane, Suite #400 eXp Realty, West Des Moines, IA
Listed by Carissa Holton
Added: Jun 3 Updated: Jul 17 at 10:25 am Checked: Jul 20 at 4:06 pm
MLS# 20262461 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 well-kept one-level triplex offers three separate units, each featuring two bedrooms and two bathrooms. Units include walk-in closets, pantry space, and dedicated storage. Laundry is available separately within each unit, supporting everyday convenience for residents.

The property includes separate metering for each unit. Detached garage options vary by unit, with 5311 Blue Bonnet Drive offering a double, detached, heated garage space, 5309 including a single detached garage space, and 3216 Thistle Down providing a double, detached garage space. The property is zoned R-3.

For buyers seeking an income-producing residential property, this layout provides independent living arrangements with distinct unit amenities such as walk-in closets, pantry space, and in-unit laundry. Separate metering can simplify utility management by unit. The detached garage configurations add practical off-street parking and storage, supporting resident needs across all three units. Schedule a showing to review the finishes and unit layouts in person.

Key Highlights

  • One‑level triplex with 2 bedrooms and 2 bathrooms in each unit
  • All units have separate laundry, walk‑in closets, and pantry space
  • All units are separately metered

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Restaurant Hair Salon Spa & Massage Center Building Supply Big Box & Wholesale Store Storage Facility Auto Parts Store Plumbing Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Well-kept triplex in Waterloo with separately metered units, in-unit laundry, and detached garage spaces for each home.
Where is this triplex located?
The property is located at 5309-5311 Blue Bonnet Drive Waterloo, IA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: One‑level triplex with 2 bedrooms and 2 bathrooms in each unit; All units have separate laundry, walk‑in closets, and pantry space; All units are separately metered
Contact an agent
More about this property
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