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Updated Four-Unit Residential Property
For Sale
$270,000

911 Lafayette Street, Waterloo, IA 50703

Residential Income, Waterloo, IA

Property SizeContact for details
Lot Size0.14 Acres
Days on Market250

Property Features for 911 Lafayette Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning R-M
Parking features On Street
Elementary school Lowell
Middle school Central MS - Waterloo CSD
High school West High
Standard status Active
APN 891325130016
Lot size 0.14 Acres

Taxes and HOA fees

Tax Description ORIGINAL PLAT WATERLOO EAST SE 50 FT LOT 7 BLK 25 SE 50 FT LOT 10 BLK 25
Tax Annual Amount 1893
Legal Description ORIGINAL PLAT WATERLOO EAST SE 50 FT LOT 7 BLK 25 SE 50 FT LOT 10 BLK 25

Utilities

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

Amenities

deck

Building Details

Year built 1904
Floors in Building 2
Number of units 4
Building materials Vinyl Siding
Roof type Asphalt
Listing Agency: Berkshire Hathaway Home Services One Realty Centre · Berkshire Hathaway HomeServices
Listed By: Brandie White · License #S68887000
Added: Feb 6 Changed: Sep 5 Last Checked: Oct 14 at 9:06AM
MLS# 20260493

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 fourplex contains four 2-bedroom, 1-bath units, each offering approximately 900 square feet of living area. The property was built in 1904 and features vinyl siding, asphalt roofing, forced-air heating, window-unit cooling, and public water and sewer service. On-street parking is available, and the property is offered as-is.

Recent work includes updated LVP flooring in multiple units, a high-efficiency furnace in one unit, and refreshed bathroom fixtures with a new toilet and shower. A newly constructed, city-approved deck serves the two upper units. The fully occupied property is located near downtown Waterloo's shopping, dining, and other amenities.

Key Highlights

  • Four 2‑bedroom, 1‑bath units, each approximately 900 sq. ft.
  • Fully occupied with rental income in place
  • Updated LVP flooring in multiple units

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Pharmacy Spa & Massage Center 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

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,222
Businesses Nearby

Demographics for 50703, IA

18,913
Population
8,705
Households
2.2
Avg Household Size
38
Median Age
13%
College-Educated
87%
High-School Grad
93.2 sq mi
ZIP Area
203
Density / Sq Mi
$49,412
Median Household Income
$33,105
Median Earnings
$926
Median Rent
$92,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Quadplex - Fully occupied fourplex with recent unit improvements, public utilities, and on-street parking in Waterloo.
Where is this quadplex located?
The property is located at 911 Lafayette Street Waterloo, IA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units, each approximately 900 sq. ft.; Fully occupied with rental income in place; Updated LVP flooring in multiple units
More about this property
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