Duplex with Two-Stall
For Sale
$184,999
918-920 W 4th St, Waterloo, IA 50702
Two occupied units have separate entrances, complemented by a recently built garage with door openers.
Property Size1,152 SF
Lot Size0.47 Acres
Price / SF$160.59
Days on Market86
Property Features for 918-920 W 4th St
General Information
Standard status
Active
Size
1,152 SF
Total Parking Spaces
2
Lot size
0.47 Acres
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
Berkshire Hathaway Home Services One Realty Centre
Listed By:
Brandie White · License #S68887000
(319) 415-1414
Source:
Kwlegacyrealty
Added: Jul 21
Changed: Sep 15
Last Checked: Oct 7 at 1:11PM
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 Berkshire Hathaway Home Services One Realty Centre
Investment Insights
Based on property information with market context.
This duplex contains two occupied rental units, each with its own entrance. The building offers 1,152 square feet and dates to 1950. A recently constructed two-stall garage with garage door openers adds covered parking and storage capacity.
The property comprises three parcels totaling 0.47 acres, including an additional vacant lot. The extra parcel may be retained as open yard area or evaluated for future development, subject to applicable approvals. The property is offered as-is.
The property comprises three parcels totaling 0.47 acres, including an additional vacant lot. The extra parcel may be retained as open yard area or evaluated for future development, subject to applicable approvals. The property is offered as-is.
Key Highlights
- Two occupied rental units with separate entrances
- 1,152‑square‑foot duplex built in 1950
- Recently built two‑stall garage with garage door openers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,525
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,500
$210.5K
Cap Rate 7%
$150,357
$150.4K
Cap Rate 9%
$116,944
$116.9K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$15.9K $13.80/SF
− Vacancy
−$862 −$0.75/SF
EGI
$15.0K $13.05/SF
− OpEx
−$4.5K −$3.92/SF
NOI
$10.5K $9.14/SF
Area
Black Hawk County, IA
Vacancy
5.42%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,500
Cap Rate 7%
$150,357
Cap Rate 9%
$116,944
Alternative Uses
Best Use
Multifamily LT 5
$150.4K
$131.6K – $175.4K
NOI $10,525 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$132.1K
$115.6K – $154.2K
NOI $9,249 @ 7.0% cap · market cap 5.00%
Theoretical Best
Mixed Use
$1.44M
$1.26M – $1.68M
NOI $101,088 @ 7.0% cap · market cap 54.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
Explore this area
Business Placement
Demographics for 50702, IA
20,447
Population
9,722
Households
2.1
Avg Household Size
37
Median Age
21%
College-Educated
89%
High-School Grad
9.8 sq mi
ZIP Area
2,086
Density / Sq Mi
$59,784
Median Household Income
$38,826
Median Earnings
$926
Median Rent
$145,800
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?
Duplex - Two occupied units have separate entrances, complemented by a recently built garage with door openers.
Where is this duplex located?
The property is located at 918-920 W 4th St Waterloo, IA.
What is the asking price?
The asking price for this property is $184,999.
What are key features of this property?
This property features: Two occupied rental units with separate entrances; 1,152‑square‑foot duplex built in 1950; Recently built two‑stall garage with garage door openers
