Waterloo Fourplex Investment
For Sale
$270,000
911 Lafayette Street, Waterloo, IA 50703
MULTI_FAMILY - Waterloo, IA
Property SizeContact for details
Lot Size0.14 Acres
Days on Market191
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
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
(319) 233-7000
Listed By:
Brandie White · License #S68887000
(319) 415-1414
Added: Feb 6
Changed: Aug 5
Last Checked: Aug 16 at 7:06PM
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 is a fully occupied, income-producing fourplex located minutes from downtown Waterloo, Iowa, with its shopping, dining, and amenities. The property features four units, each with 2 bedrooms and 1 bath, offering approximately 900 sq. ft. of living space. Significant capital improvements have been completed, including updated LVP flooring in multiple units, a new high-efficiency furnace in one unit, and updated bathroom fixtures, including a new toilet and shower. A city-approved, newly built deck services the two upper units. The property is being sold "As Is" as a turnkey investment with immediate rental income. The lot size is 0.1377 acres. This well-maintained asset is located in a desirable, high-demand location.
Key Highlights
- Fully occupied fourplex providing immediate rental income.
- Located minutes from downtown Waterloo's shopping, dining, and amenities.
- Significant capital improvements completed, including updated LVP flooring, a new high‑efficiency furnace, and updated bathroom fixtures.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,206
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied fourplex near downtown Waterloo with recent upgrades.
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: Fully occupied fourplex providing immediate rental income.; Located minutes from downtown Waterloo's shopping, dining, and amenities.; Significant capital improvements completed, including updated LVP flooring, a new high‑efficiency furnace, and updated bathroom fixtures.
