Black Hawk County, IA Residential Income Properties for Sale

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

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Updated: Aug 5

Updated Two-Unit Duplex

336 S Hackett Road, Waterloo, IA 50701

$239,900

0.32 AC lot

Two‑unit duplex with two bedrooms in each residence
0.3214‑acre lot in Waterloo, IA
Refreshed kitchens with newer cabinets, countertops, flooring, and appliances
Each unit includes an updated full bathroom and basement laundry with washer and dryer
Roof and siding replaced in 2018

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Updated: Jul 2

Three-Unit Multifamily Property

2508 Olive Street, Cedar Falls, IA 50613

$235,000

0.20 AC lot

Three 2‑bedroom apartments
All units leased through May 2027
R‑3 zoning on a 0.2‑acre parcel
Off‑street parking with rear alley access
Central air and forced‑air natural gas heating

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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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See what stands out in Black Hawk County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

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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Duplex with Finished Lower Level

322 W Seerley Boulevard, Cedar Falls, IA 50613

$219,900

0.20 AC lot

Ranch-style duplex with updated flooring, a finished lower level, and parking on a corner lot near the UNI campus.

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Occupied Duplex with Split Utilities

526 W 8th Street, Cedar Falls, IA 50613

$164,900

0.20 AC lot

Two-unit residential property with separate utility systems, assigned parking, and central air conditioning.

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Quadplex with Updated Siding

706 W 12th Street, Cedar Falls, IA 50613

$270,000

0.24 AC lot

Four one-bedroom apartments feature individual electric meters, refrigerators, and stoves.

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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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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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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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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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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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Two-Unit Duplex with In-Unit Laundry

101 S Washington Street, Dunkerton, IA 50626

$168,000

0.13 AC lot

Both residences are leased through August 2027, with tenants responsible for utilities.

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Updated Duplex with Modern Kitchens