Multifamily

Waterloo, IA Multifamily Properties for Sale

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Triplex with Detached Garage
Updated: Jun 12
Triplex with Detached Garage

810 W 2nd St, Waterloo, IA 50701

$100,000
1,116 sqft
Three‑unit configuration with one 3‑bedroom, 1‑bath residence and two 1‑bedroom, 1‑bath units
Two units currently vacant and ready for occupancy
Detached 3‑stall garage for parking and storage
Hardwood flooring in one unit
Updates in the main‑floor unit
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This listing looks promising.

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810 W 2nd St, Waterloo, IA

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Updated Duplex
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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Waterloo Fourplex Investment Opportunity
Waterloo Fourplex Investment Opportunity

911 Lafayette Street, Waterloo, IA 50703

$270,000
0.14 AC lot

Fully occupied fourplex near downtown Waterloo with recent upgrades.

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Updated Duplex with Separate Meters
Updated Duplex with Separate Meters

1052 Dundee Avenue, Waterloo, IA 50701

$205,000
0.22 AC lot

Two-unit property with refreshed systems, fenced outdoor space, and flexible owner-occupant or rental use.

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48-Unit Apartment Community
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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R-3 One-Level Triplex with Separate Utilities
R-3 One-Level Triplex with Separate Utilities

5309-5311 Blue Bonnet Drive, Waterloo, IA 50702

$549,900
1.20 AC lot

One-level triplex with two bedrooms and two bathrooms per unit, separate laundry, and all utilities metered separately.

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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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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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Duplex with Detached Triple Garage
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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Duplex with Separate Utility Meters
Duplex with Separate Utility Meters

320 Ohio Street, Waterloo, IA 50702

$164,500
0.15 AC lot

Two 2-bedroom units with separate electrical and water meters, updated vinyl exterior, and a 2020 roof under R-2 zoning.

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Occupied Two-Unit Duplex
Occupied Two-Unit Duplex

723 Randolph Street, Waterloo, IA 50702

$95,000
0.10 AC lot

Two residential units include a three-bedroom main-level layout and a one-bedroom upper-level apartment.

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Updated Duplex with Modern Kitchens
Updated Duplex with Modern Kitchens

336 S Hackett Road, Waterloo, IA 50701

$239,900
1,954 sqft

Two residential units offer refreshed interiors, finished basements, and recent mechanical and exterior improvements.

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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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Duplex with Central Air
Duplex with Central Air

1043-1045 Minnesota Street, Waterloo, IA 50702

$199,900
0.17 AC lot

R-1 duplex with central air, updated HVAC, and separately metered utilities for straightforward tenant billing

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Two-Unit Duplex Property
Two-Unit Duplex Property

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

$159,999
1,442 sqft

R-1-zoned residential asset with two matching two-bedroom, one-bathroom units and paved parking access.

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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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Duplex with Two-Stall Garage
Duplex with Two-Stall Garage

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

$184,999
1,152 sqft 0.47 AC lot

Two occupied units have separate entrances, complemented by a recently built garage with door openers.

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4-Unit Quadplex with Updated Interiors
4-Unit Quadplex with Updated Interiors

911 Lafayette St, Waterloo, IA 50703

$270,000
3,632 sqft

Fully occupied four-unit property with recent flooring, mechanical, bathroom, and deck improvements.

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Mixed-Use Investment Building
Mixed-Use Investment Building

501-505 W 4th Street, Waterloo, IA 50701

$249,900
7,552 sqft

Mixed-use property with three main-level office or retail suites and five residential apartments above, plus private off-street parking.

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Two-Unit Duplex Building
Two-Unit Duplex Building

102 South St, Waterloo, IA 50701

$100,000
1,544 sqft

Income-producing duplex with distinct one- and two-bedroom residences.

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Well-Kept Triplex with Detached Garages
Well-Kept Triplex with Detached Garages

5309-5311 Blue Bonnet Dr, Waterloo, IA 50702

$549,900
1,544 sqft

One-level triplex units feature separate laundry, walk-in closets, pantry space, and individually metered utilities.

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Two-Unit Craftsman Duplex
Two-Unit Craftsman Duplex

704 W 1st St, Waterloo, IA 50701

$69,900
1,604 sqft

Two residential units offer newer appliances, separate furnaces, and individual living spaces within a historic wood-frame property.

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Fully Rented Triplex with Separate Meters
Fully Rented Triplex with Separate Meters

314 Lester St, Waterloo, IA 50703

$85,000
1,380 sqft

Triplex income property with three 1-bedroom units, each with its own electric meter and updated interiors.

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95-Unit Studio Apartment Building
95-Unit Studio Apartment Building

3350 University Ave, Waterloo, IA 50701

Contact for pricing
33,488 sqft 2.28 AC lot

Large 95-unit studio apartment building on a 2.28-acre site along University Avenue.

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Waterloo, IA Multifamily Properties Market Trends and Statistics

Explore 40 multifamily properties for sale in Waterloo, IA, showcased through 35 active listings on our real estate platform. These investment opportunities span a total of 195,391 square feet of properties for sale, with an estimated market value of $8,148,197.

Sale prices for multifamily properties in Waterloo, IA start at $69,900, averaging $313,392, and reaching up to $2,725,000 — 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 17
Apartment buildings 7
Triplexes 7
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
50701 $229.9K
50702 $291.5K
50703 $823K

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

Total CRE Inventory on Market (SF)

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