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Five-Unit Apartment Building
For Sale
$729,900

805 W Bremer Avenue, Waverly, IA 50677

SINGLE_FAMILY - Waverly, IA

Property SizeContact for details
Lot Size0.21 Acres
Days on Market123

Property Features for 805 W Bremer Avenue

General Information

Property type Residential
Property subtype Office
Zoning C-2A
Directions Use google maps
Standard status Active
APN 0903256009
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 03-91-14 SUB'D SW NE LOT 1 & E 3' LOT 2 BLK 76
Tax Annual Amount 12422
Legal Description 03-91-14 SUB'D SW NE LOT 1 & E 3' LOT 2 BLK 76

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Radiant, Forced Air, Natural Gas
Cooling system Multi Units, Central Air

Amenities

coin-operated laundry

Building Details

Year built 1968
Flooring type Concrete
Building materials Block
Roof type Membrane
Listing Agency: Century 21 Signature Real Estate-Waverly · Century 21 Real Estate
Listed By: Timothy Lalk · License #S71966000
Added: Apr 17 Changed: Aug 2 Last Checked: Aug 17 at 1:06AM
MLS# 20261588

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 five-unit apartment building was built in 1968 with block construction and concrete flooring. The second floor features five residential units: four two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment. Residents have access to a shared coin-operated laundry area, and each apartment is separately metered. Heating includes radiant and forced air systems using natural gas, and the building uses central air with multi-unit cooling.

The property sits on a 0.21-acre lot at 805 W Bremer Avenue in Waverly, IA, positioned directly across from Wartburg College. The main level is currently configured as a multi-office layout, with room to reimagine that space to suit evolving needs.

Recent capital improvements include a new rubber roof in 2024, updated windows in 2019, and new furnaces and central air units in 2014. Utilities include water available and public sewer service, with a membrane roof.

Key Highlights

  • New rubber roof installed in 2024
  • Windows updated in 2019
  • New furnaces and central air units installed in 2014

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Barber Shop Garden Center Auto Parts Store Storage Facility

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

726
Businesses Nearby

Demographics for 50677, IA

12,789
Population
5,053
Households
2.5
Avg Household Size
37
Median Age
41%
College-Educated
95%
High-School Grad
128.6 sq mi
ZIP Area
99
Density / Sq Mi
$82,950
Median Household Income
$39,065
Median Earnings
$880
Median Rent
$221,600
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - C-2A zoned apartment building across from Wartburg College with five residential units and shared coin-operated laundry.
Where is this apartment building located?
The property is located at 805 W Bremer Avenue Waverly, IA.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: New rubber roof installed in 2024; Windows updated in 2019; New furnaces and central air units installed in 2014
More about this property
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