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Duplex With Walkout Basements
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807/809 NE 2nd Avenue, Waverly, IA 50677

Both residences include attached garages, flexible lower-level space, and rear timber views.

Property SizeContact for details
Days on Market131

Property Features for 807/809 NE 2nd Avenue

General Information

Standard status Active
Property subtype Hospitality
Listing Agency: Century 21 Signature Real Estate Waverly
Listed By: Krystal Liebau · License #IA
Source: Crexi
Added: Apr 24 Changed: Aug 31 Last Checked: Aug 30 at 3:37PM

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 Century 21 Signature Real Estate Waverly

Investment Insights

Based on property information with market context.

This duplex contains two residential units, each arranged with main-level bedrooms, living and dining areas, a kitchen, and a walkout basement. The lower levels provide large family rooms, additional bathrooms, and substantial storage. Unit 807 has two main-level bedrooms, a half bath, included kitchen appliances, and a lower-level non-conforming bedroom that could be addressed with an egress window. Unit 809 includes two main-level bedrooms, a full bath, and a third bedroom downstairs.

Both sides have an attached 1-stall garage and views toward the timber behind the property. The configuration supports either full rental use or an owner-occupant arrangement with the other unit leased.

Key Highlights

  • Two‑unit duplex with walkout basements
  • Each unit has an attached 1‑stall garage
  • Unit 807 includes two main‑level bedrooms and included kitchen appliances

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Dental Office Furniture & Home Goods Storage Facility Carpet & Flooring Store

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

Location Intelligence

Trade Area within ½ mile

282
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 Multifamily in Midwest region

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

What type of property is this?
Duplex - Both residences include attached garages, flexible lower-level space, and rear timber views.
Where is this duplex located?
The property is located at 807/809 NE 2nd Avenue Waverly, IA.
What are key features of this property?
This property features: Two‑unit duplex with walkout basements; Each unit has an attached 1‑stall garage; Unit 807 includes two main‑level bedrooms and included kitchen appliances
More about this property
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