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Two-Unit Craftsman Duplex
For Sale
$69,900

704 W 1st St, Waterloo, IA 50701

Two residential units offer newer appliances, separate furnaces, and individual living spaces within a historic wood-frame property.

Property Size1,604 SF
Price / SF$43.58
Days on Market8

Property Features for 704 W 1st St

General Information

Standard status Active
Size 1,604 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 1BR/1BA
Multifamily Units 2

Additional Details

Utilities to Site Yes

Amenities

newer appliances

Building Details

Year Built 1915
Buildings 1
Construction wood Craftsman
Listing Agency: Realty ONE Group Movement..
Listed By: Derick Rogers
Source: Kwlegacyrealty
Added: Aug 23 Changed: Aug 28 Last Checked: Aug 29 at 11:53AM

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 Realty ONE Group Movement..

Investment Insights

Based on property information with market context.

This up-and-down duplex contains 1,604 SF arranged as two residential units. Each unit includes 1 bedroom, 1 bathroom, and a living room, with newer appliances throughout. Two separate furnaces support the building’s unit configuration, while wood Craftsman details remain part of the property’s character.

Constructed in 1915, the property is located at 704 W 1st Street in Waterloo, Iowa, and is zoned R-1. Tenants pay utilities, while water is covered by the landlord. The duplex provides a straightforward two-unit layout with separate upper and lower residences.

Key Highlights

  • 1,604 SF up‑and‑down duplex at 704 W 1st Street, Waterloo, IA 50701
  • Two units, each with 1 bedroom and 1 bathroom
  • Spacious living rooms in both residential units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Garden Center Pharmacy (Bike/Boat/Book/etc) Store Locksmith Nail Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

793
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer newer appliances, separate furnaces, and individual living spaces within a historic wood-frame property.
Where is this duplex located?
The property is located at 704 W 1st St Waterloo, IA.
What is the asking price?
The asking price for this property is $69,900.
What are key features of this property?
This property features: 1,604 SF up‑and‑down duplex at 704 W 1st Street, Waterloo, IA 50701; Two units, each with 1 bedroom and 1 bathroom; Spacious living rooms in both residential units
More about this property
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