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    Waterloo, IA
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    Waterloo, IA Multifamily Properties for Sale

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    Waterloo Fourplex Investment Opportunity
    Updated: Feb 6
    Waterloo Fourplex Investment Opportunity

    911 Lafayette Street, Waterloo, IA 50703

    $270,000
    900 sqft 0.14 AC lot
    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.
    City‑approved, newly built deck servicing the two upper units.
    Each unit features 2 bedrooms and 1 bath with approximately 900 sq. ft. of living space.
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    One-Level Triplex with Detached Garages
    Updated: Jun 3
    One-Level Triplex with Detached Garages

    5309-5311 Blue Bonnet Drive, Waterloo, IA 50702

    $549,900
    1.20 AC lot
    Triplex with one‑level units; each unit offers 2 bedrooms and 2 bathrooms
    Separate laundry in each unit and all utilities are metered separately
    Walk‑in closets and pantry space included in each unit
    Detached garage spaces: 5311 Blue Bonnet has a double, detached, heated garage; 5309 has a single detached garage; 3216 Thistle Down has a double detached garage
    Heating and cooling include heat pump and central air with electric HVAC, plus public water and public sewer
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    93-Unit Senior Housing Community
    93-Unit Senior Housing Community

    315 Walnut St, Waterloo, IA 50703

    $3,200,000
    1.16 AC lot

    Well-maintained 93-unit senior housing community in downtown Waterloo, Iowa, offered for sale with pro-forma available.

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    Waterloo 12-Unit Apartment Complex
    Waterloo 12-Unit Apartment Complex

    1110 DOREEN AVE, Waterloo, IA 50701

    $745,000
    10,773 sqft

    Well-maintained 12-unit apartment complex in Waterloo, Iowa.

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    Triplex with Detached 3-Car Garage
    Triplex with Detached 3-Car Garage

    810 W 2nd Street, Waterloo, IA 50701

    $100,000
    0.18 AC lot

    Triplex offers three rental units, including two vacant 1-bedroom apartments, plus a detached 3-stall garage.

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    Waterloo Duplex Income Property
    Waterloo Duplex Income Property

    723 Randolph Street, Waterloo, IA 50702

    $100,000
    0.10 AC lot

    Duplex with a 3-bedroom main unit and 1-bedroom upper unit, currently 100% occupied by long-term tenants.

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    12-Unit Apartment Complex
    12-Unit Apartment Complex

    1110 Doreen Avenue, Waterloo, IA 50701

    $745,000
    0.57 AC lot

    Well-maintained 12-unit complex with 10 units currently leased in R-3 zoning.

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    Mixed-Use Investment Opportunity
    Mixed-Use Investment Opportunity

    501 W 4th St, Waterloo, IA 50701

    $249,900
    7,552 sqft

    Mixed-use property with office/retail spaces and residential units.

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    Side-by-Side Duplex
    Side-by-Side Duplex

    1721 & 1723 Falls Avenue, Waterloo, IA 50701

    $189,900
    0.12 AC lot

    Well-maintained R-2 duplex with updated exterior, full basements, and separate utilities for owner-occupant or rental use.

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    Waterloo Multifamily Investment Opportunity
    Waterloo Multifamily Investment Opportunity

    918-920 W 4th Street, Waterloo, IA 50702

    $184,999
    0.23 AC lot

    Multifamily property with income potential and development opportunity in Waterloo.

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    Fourplex Residential Income Property
    Fourplex Residential Income Property

    237 Miriam Drive, Waterloo, IA 50702

    $149,900
    0.15 AC lot

    Well-maintained fourplex with three occupied units and partial flooring updates in a R-1 zoning setting.

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    Two-Unit Duplex Income Property
    Two-Unit Duplex Income Property

    320 Ohio Street, Waterloo, IA 50702

    $164,500
    0.15 AC lot

    Well-maintained duplex with two 2-bedroom units, separate utilities, and recent exterior improvements for an easy investor or owner-operator fit.

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    Maintained Duplex With Separate Utilities
    Maintained Duplex With Separate Utilities

    1043-1045 Minnesota Street, Waterloo, IA 50702

    $199,900
    0.17 AC lot

    Well-maintained duplex offers two bedrooms per unit and full unfinished basements with separately metered utilities.

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    Fully Rented Triplex Investment
    Fully Rented Triplex Investment

    314 Lester Street, Waterloo, IA 50703

    $85,000
    0.18 AC lot

    Three separately metered units with recent interior updates and ongoing owner-paid exterior services.

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    Up-and-Down Duplex with Craftsman Features
    Up-and-Down Duplex with Craftsman Features

    704 W 1st Street, Waterloo, IA 50701

    $76,900
    0.05 AC lot

    Up-and-down duplex offers two 1-bed, 1-bath units with newer appliances; tenants pay utilities while the landlord covers water.

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    Duplex Residential Income Property
    Duplex Residential Income Property

    409 & 806 Rachael & Nancy, Waterloo, IA 50701

    $259,900
    0.25 AC lot

    Duplex in Waterloo, Iowa offers a two-unit setup within an R-1 zoning designation for residential use.

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    Based on your search, we've compiled 29 Potential Opportunities for your consideration. Besides 16 Active listings in Waterloo, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Downtown Buildings
    Mixed-Use Downtown Buildings

    122 & 120 E Bremer Avenue, Waverly, IA 50677

    $499,900
    0.14 AC lot

    Two adjacent historic buildings combine storefront units, basement space, and apartments, with additional vacant third-floor conversion potential.

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    Multifamily Apartment Building with Laundry
    Multifamily Apartment Building with Laundry

    2222 Walnut Street, Cedar Falls, IA 50613

    $499,900
    0.20 AC lot

    Five leased units in Cedar Falls with paved parking and on-site coin-operated laundry.

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    Cedar Falls Duplex Investment Opportunity
    Cedar Falls Duplex Investment Opportunity

    1622 Franklin Street, Cedar Falls, IA 50613

    $160,000
    0.20 AC lot

    Duplex with updated unit, garage, fenced yard, new roof.

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    Mixed-Use Downtown Storefront and Apartments
    Mixed-Use Downtown Storefront and Apartments

    122 & 120 E Bremer Avenue, Waverly, IA 50677

    $499,900
    14,900 sqft

    Two side-by-side historic buildings offer storefront commercial units with six apartment units above and additional vacant space on the third floor.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Buildable Residential Lot with Pines
    Buildable Residential Lot with Pines

    Bollig Court lot: 2, Nekoosa, WI 54457

    $35,000
    2.45 AC lot

    A wooded 2.45-acre lot with electric and fiber available at the lot line, suited for a home or cabin.

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    Developed Multi-Pad Development Land
    Developed Multi-Pad Development Land

    N 41st St, Bethany, MO 64424

    $249,900
    10.00 AC lot

    10-acre development site with 10 constructed dirt pads, cul-de-sac road layout, and a billboard generating $100 monthly.

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    Lakeshore Recreation Land Parcel
    Lakeshore Recreation Land Parcel

    Tripp, Fulda, MN 56131

    $124,900
    9.30 AC lot

    Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

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    Land For Sale, Lakemoor, IL
    Land For Sale, Lakemoor, IL

    27 Oyster Bay, Lakemoor, IL 60051

    Contact for pricing
    0.12 AC lot

    Commercial land available in Lakemoor, Illinois.

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    Off-Market Properties in Waterloo, IA

    Consider similar Off-Market properties in Waterloo, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1531 Sager Ave
    MOBILE HOME PARK, TRAILER PARK

    1531 Sager Ave, Waterloo, IA 50701

    Value Estimation by Request
    2.54 AC lot
    View details
    2947 Independence Ave
    MOBILE HOME PARK, TRAILER PARK

    2947 Independence Ave, Waterloo, IA 50707

    Value Estimation by Request
    9.44 AC lot
    View details
    2141 And 4
    Multifamily properties

    2141 And 4, Waterloo, IA 50703

    Value Estimation by Request
    58,700 sqft
    View details
    335 Cedar St
    HIGH-RISE APARTMENTS

    335 Cedar St, Waterloo, IA 50701-1359

    $3,845,000
    Estimated value
    59,565 sqft 0.28 AC lot
    View details
    Waterloo, IA 50701
    MOBILE HOME PARK, TRAILER PARK

    Waterloo, IA 50701

    Value Estimation by Request
    2.00 AC lot
    View details

    Waterloo, IA Multifamily Properties Market Trends and Statistics

    Explore 21 multifamily properties for sale in Waterloo, IA, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 19,225 square feet of properties for sale, with an estimated market value of $1,264,900.

    Sale prices for multifamily properties in Waterloo, IA start at $249,900, averaging $421,633, and reaching up to $745,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 7
    Apartment buildings 4
    Triplexes 3
    Quadplexes 2

    Demographics Overview

    Population 77K
    Population Growth (5Y) -3.2%
    Median Household Income $58,650
    College Educated 16.5%

    High-Yield Neighborhoods for Investment

    Identify Waterloo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50703 $177.5K
    50702 $236.9K
    50701 $301.6K

    Taxes & Financing

    Tax Rate (average for all types) 3.42%
    Property Tax per SF $40.72 per SF
    Tax Rate vs County Average 0.32 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Black Hawk County

    New Delisted

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    Most Searched ZIP Codes in Waterloo, IA

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    • 50702
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