Black Hawk County, IA Multifamily Properties for Sale

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Des Moines, IA Cedar Rapids, IA Sioux City, IA Waterloo, IA Iowa City, IA Davenport, IA Dubuque, IA Cedar Falls, IA

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Updated: Aug 9

Two-Unit Duplex Property

425 & 425 1/2 Webster Street, Waterloo, IA 50703

$159,999

1,442 sqft

Two residential units, each with 2 bedrooms and 1 bathroom
1,442 SF property area
R‑1 zoning
60 x 140 site
Built in 1920

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This listing looks promising.

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425 & 425 1/2 Webster Street, Waterloo, IA 50703

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Est. Cap Rate

8.2%
Above avg (5.9%)
Est. NOI

$13K
Annual
Price @ 7% Cap

$188K
Above asking
Property Type

Duplex
Built 1920

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Updated: Aug 5

Updated Duplex

336 S Hackett Road, Waterloo, IA 50701

$239,900

0.32 AC lot

Two‑unit duplex at 336 S Hackett Road, Waterloo, IA 50701
0.3214‑acre property built in 1903 and zoned R‑1
Each unit includes two bedrooms, oversized closets, and an updated full bath
Refreshed kitchens feature newer cabinets, countertops, flooring, and appliances
Clean, dry basements include washers and dryers

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Duplex with Assigned Parking

526 W 8th Street, Cedar Falls, IA 50613

$179,900

0.20 AC lot

R-2 zoned duplex with both units occupied, central air, and assigned off-street parking.

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Three-Unit Multifamily Property

2508 Olive Street, Cedar Falls, IA 50613

$235,000

0.20 AC lot

Fully leased apartments with included appliances, off-street parking, and alley access.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

48-Unit Apartment Community

765-791 Russell Road, Waterloo, IA 50701

$2,725,000

35,660 sqft

Two-story residential income property with surface parking and a varied one-, two-, and three-bedroom unit mix.

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Four-Unit Quadplex with Parking

2504 Olive Street, Cedar Falls, IA 50613

$235,000

0.20 AC lot

Fully occupied residential income property with separate apartments, included appliances, and public utilities except internet.

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Quadplex with 2024 Siding Updates

706 W 12th Street, Cedar Falls, IA 50613

$270,000

0.24 AC lot

R-M zoned quadplex on a 0.24-acre lot with forced-air natural gas heat, window A/C, public water and sewer.

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Seven-Unit Apartment Building

2416 Olive Street, Cedar Falls, IA 50613

$410,000

0.15 AC lot

Unit mix includes studios and one- to four-bedroom apartments with on-site laundry and alley-accessible parking.

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Six-Unit College Rental Apartment Building

810 W 25th St, Cedar Falls, IA 50613

$419,000

4,906 sqft

Six-unit rental building with unit sizes ranging from one-bedroom to four-bedroom layouts, built in 1920.

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Quadplex Near UNI Campus

2503 Olive Street, Cedar Falls, IA 50613

$265,900

0.13 AC lot

Four-unit residential property with updated interiors, shared coin-operated laundry, and walkable access to campus amenities.

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Six-Unit Apartment Building

2115 Walnut Street, Cedar Falls, IA 50613

$419,000

0.30 AC lot

R-M-zoned property with basement laundry facilities and concrete parking accessed from the alley.

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Duplex with Detached Triple Garage

3306 Midway Drive, Waterloo, IA 50701

$340,000

3,948 sqft

Duplex on a corner lot with recent exterior updates, a vacant attached suite, and an unfinished basement.

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8-Unit Apartment Building

2221 Olive Street, Cedar Falls, IA 50613

$419,000

0.15 AC lot

R-M-zoned residential property near campus with a mix of one-bedroom and efficiency apartments.

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Six-Unit Apartment Building

810 W 25th Street, Cedar Falls, IA 50613

$419,000

0.13 AC lot

Apartment property with vinyl siding, asphalt roofing, public utilities, and on-street parking.

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Updated Duplex with Modern Kitchens