Waterloo Multifamily Investment
For Sale
$184,999
918-920 W 4th Street, Waterloo, IA 50702
MULTI_FAMILY - Waterloo, IA
Property SizeContact for details
Lot Size0.23 Acres
Days on Market318
Property Features for 918-920 W 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1
Basement
Block
Elementary school
Irving Elementary
Middle school
Central MS - Waterloo CSD
High school
West High
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
Legal 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
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 Agency:
Berkshire Hathaway Home Services One Realty Centre · Berkshire Hathaway HomeServices
(319) 233-7000
Listed By:
Brandie White · License #S68887000
(319) 415-1414
Added: Oct 3, 2025
Changed: Aug 13
Last Checked: Aug 16 at 9:06PM
MLS# 20254849
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
- Three parcels totaling 0.47 acres, including an additional vacant lot
- Two fully occupied rental units with separate entrances
- Monthly rents: Unit 1 at $700/month and Unit 2 at $825/month
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,361
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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: Three parcels totaling 0.47 acres, including an additional vacant lot; Two fully occupied rental units with separate entrances; Monthly rents: Unit 1 at $700/month and Unit 2 at $825/month
