Listing Agency: CBRE - Des Moines

Listed By: David Eckley · License #IA S65549000 Show Phone

Source: Crexi

Added: Sep 9 Changed: Sep 12 Last Checked: Sep 13 at 6:36AM

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Investment Insights

Based on property information with market context.

The property at 765 Russell Road is an apartment building containing 48 units. It is offered for sale as a multifamily asset in Waterloo, Iowa.

The property is located in the 50701 ZIP code and is marketed with an 8.5%+ cap rate.

Key Highlights

• 48‑unit apartment building
• 8.5%+ cap rate
• Located at 765 Russell Road in Waterloo, Iowa 50701

Property Analytics

Current Use

Meadow Ridge Apartments Apartment Building

Suggested Use

Top Pick Nail Salon Auto Repair Shop Kitchen & Bath Showroom Hair Salon Grocery & Convenience Store Electrical 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

48

Residential units

Location Intelligence

Trade Area within ½ mile

249

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment property offered for sale in Waterloo, Iowa.

Where is this apartment building located?

The property is located at 765 Russell Road Waterloo, IA.

What is the asking price?

The asking price for this property is $2,725,000.

What are key features of this property?

This property features: 48‑unit apartment building; 8.5%+ cap rate; Located at 765 Russell Road in Waterloo, Iowa 50701