Historic Mixed-Use
For Sale
$350,000
632 Sycamore Street, Waterloo, IA 50703
A 6-unit building offers three commercial suites and three residential units with in-unit washer and dryer hookups.
Property Size9,344 SF
Lot Size0.18 Acres
Price / SF$37.46
Days on Market524
Property Features for 632 Sycamore Street
General Information
Standard status
Active
Size
9,344 SF
Lot size
0.18 Acres
Property subtype
Commercial
Zoning
C
Additional Details
Opportunity Zone
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,286
Amenities
0.18
9344
Building Details
Building Size
9,344 SF
Year Built
1903
Listing Agency:
Urban Acres Real Estate Corridor
(319) 393-0900
Listed By:
Jerome Edwards
(319) 594-2525
Source:
Pinnaclerealtyia
Added: Mar 31, 2025
Changed: Sep 4
Last Checked: Sep 4 at 3:48AM
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 Urban Acres Real Estate Corridor
Investment Insights
Based on property information with market context.
The Gasser Building is a 9,344-square-foot mixed-use property with three commercial units and three residential units. The commercial suites total approximately 1,500 square feet each and feature historic character. One commercial unit is currently leased, while two units are ready to be white-boxed for re-lease. The residential units include two floorplan variations: two units with two bedrooms and two bathrooms, and one unit with two bedrooms and one bathroom. Residential features include a historic fireplace, in-unit washer and dryer, and original hardwood flooring throughout.
The building is located in downtown Waterloo and positioned within the Downtown TIF district and an opportunity zone. The property sits on 0.18 acres, providing a compact footprint for a centrally oriented mixed-use redevelopment and re-leasing strategy.
With existing commercial space and fully functioning residential unit features, the property supports an owner-operator or investor model focused on stabilizing and repositioning the commercial suites while maintaining current residential appeal.
The building is located in downtown Waterloo and positioned within the Downtown TIF district and an opportunity zone. The property sits on 0.18 acres, providing a compact footprint for a centrally oriented mixed-use redevelopment and re-leasing strategy.
With existing commercial space and fully functioning residential unit features, the property supports an owner-operator or investor model focused on stabilizing and repositioning the commercial suites while maintaining current residential appeal.
Key Highlights
- 9,344 SF building on 0.18 acres in downtown Waterloo, built in 1903
- 6 total units: (3) commercial suites and (3) residential units
- Commercial suites total about 1,500 SF each; one unit is leased and two are ready to be white‑boxed and re‑leased
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,286
Businesses Nearby
Explore this area
Business Placement
Demographics for 50703, IA
18,913
Population
8,705
Households
2.2
Avg Household Size
38
Median Age
13%
College-Educated
87%
High-School Grad
93.2 sq mi
ZIP Area
203
Density / Sq Mi
$49,412
Median Household Income
$33,105
Median Earnings
$926
Median Rent
$92,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - A 6-unit building offers three commercial suites and three residential units with in-unit washer and dryer hookups.
Where is this triplex located?
The property is located at 632 Sycamore Street Waterloo, IA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 9,344 SF building on 0.18 acres in downtown Waterloo, built in 1903; 6 total units: (3) commercial suites and (3) residential units; Commercial suites total about 1,500 SF each; one unit is leased and two are ready to be white‑boxed and re‑leased
