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Duplex With Three- and One-Bedroom Units
For Sale
$100,000

723 Randolph Street, Waterloo, IA 50702

MULTI_FAMILY - Waterloo, IA

Property SizeContact for details
Lot Size0.10 Acres
Days on Market67

Property Features for 723 Randolph Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R-1
Bedrooms 4
Rooms Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Parking features On Street
Elementary school Lowell
Middle school Bunger
High school West High
Standard status Active
APN 891326403014
Lot size 0.10 Acres

Taxes and HOA fees

Tax Description DOES ADDITION SW 70 FT LOT 9 BLK 14
Tax Annual Amount 1489
Legal Description DOES ADDITION SW 70 FT LOT 9 BLK 14

Utilities

Sewer type Public Sewer
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1896
Number of units 2
Building materials Stucco EIFS, Vinyl Siding
Roof type Asphalt
Listing Agency: Oakridge Real Estate
Listed By: Bethany Benner · License #S67248
Added: Jun 11 Changed: Aug 13 Last Checked: Aug 16 at 9:06PM
MLS# 20262628

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 Waterloo duplex at 723 Randolph Street offers two rental units with a versatile layout: a 3-bedroom main level unit and a 1-bedroom upper unit. The property is described as having long-term tenants and is 100% occupied. Built in 1896, it features stucco EIFS and vinyl siding with an asphalt roof. Cooling is provided by window unit(s), and parking is available on street.

The property sits on a 0.1-acre lot and is served by public water and public sewer. It is zoned R-1.

For investors seeking a maintained, fully occupied duplex configuration with separate main-level and upper-unit living spaces, this layout may offer flexibility for tenant fit while maintaining straightforward two-unit operations.

Key Highlights

  • 3‑bedroom main level unit plus 1‑bedroom upper unit duplex layout
  • Long‑term tenants and 100% occupancy
  • Zoned R‑1

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Locksmith Furniture & Home Goods Home Appliance Store Catering Service

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

139
Businesses Nearby

Demographics for 50702, IA

20,447
Population
9,722
Households
2.1
Avg Household Size
37
Median Age
21%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
2,086
Density / Sq Mi
$59,784
Median Household Income
$38,826
Median Earnings
$926
Median Rent
$145,800
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 - R-1 zoned Waterloo duplex with long-term tenants and 100% occupancy, offering a three-bedroom and one-bedroom layout.
Where is this duplex located?
The property is located at 723 Randolph Street Waterloo, IA.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: 3‑bedroom main level unit plus 1‑bedroom upper unit duplex layout; Long‑term tenants and 100% occupancy; Zoned R‑1
More about this property
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