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    Waterloo Multifamily Investment Opportunity

    918-920 W 4th Street Waterloo, IA 50702

    918-920 W 4th Street, Waterloo, IA, 50702
    $184,999
    For Sale
    Claim this Listing
    $184,999

    MULTI_FAMILY - Waterloo, IA

    Lot Size0.23 Acres
    AddedOct 3, 2025
    Days on Market286
    Last RefreshJul 15 at 7:06 pm

    Property Features for 918-920 W 4th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-4
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 1
    Basement
    Block
    Standard status
    Active
    APN
    891326328038
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Description
    LEAVITTS ADDITION LOT 3 BLK 4 AND NELY 27 FT 2 IN LOT 2 BLK 4 EXC NWLY 20 FT IN EVEN WIDTH OF SWLY 25 FT OF EVEN WIDTH OF NELY 27 FT 2 IN SAID LOT 2 BLK 4
    Tax Annual Amount
    1645

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Asphalt

    Listing agent Brandie White License #S68887000

    Listing office Berkshire Hathaway Home Services One Realty Centre 1118 Ansborough Ave, Waterloo, IA

    Listing date Oct 3, 2025

    MLS# 20254849 Listing URL

    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 multifamily property in Waterloo, Iowa, presents an investment opportunity with immediate income and long-term potential. The property includes three parcels totaling 0.47 acres. It features two fully occupied rental units with separate entrances, generating a combined monthly income of $1,525. Unit 1 rents for $700 per month, and Unit 2 rents for $825 per month. A recently constructed two-stall garage includes garage door openers. The property also includes an additional vacant lot suitable for future development or added yard space. The property is zoned R-4. The property is being sold "as is".

    Key Highlights

    • Two fully occupied rental units with separate entrances: Unit 1 at $700/month and Unit 2 at $825/month
    • Multi‑parcel property includes three parcels totaling 0.47 acres and an additional vacant lot
    • 1950‑built home with forced‑air natural gas heat and central air conditioning

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Nail Salon Skin Care Clinic Spa & Massage Center Storage Facility Dental Office Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) Store Locksmith Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Multifamily property with income potential and development opportunity in Waterloo.
    Where is this duplex located?
    The property is located at 918-920 W 4th Street 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 fully occupied rental units with separate entrances: Unit 1 at $700/month and Unit 2 at $825/month; Multi‑parcel property includes three parcels totaling 0.47 acres and an additional vacant lot; 1950‑built home with forced‑air natural gas heat and central air conditioning
    Contact an agent
    (319) 415-1414
    We can help!
    Contact an agent
    Brandie White
    Real Estate License ID: S68887000
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