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    Waterloo, IA
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    Waterloo, IA Residential Income Properties for Sale

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    Evansdale, IA Cedar Falls, IA Elk Run Heights, IA Raymond, IA Washburn, IA Dewar, IA Gilbertville, IA Hudson, IA
    32 properties
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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
    Updated: Feb 6
    Waterloo Fourplex Investment Opportunity

    911 Lafayette Street, Waterloo, IA 50703

    $270,000
    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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    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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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    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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    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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    Triplex with Detached Garage
    Triplex with Detached Garage

    810 W 2nd Street, Waterloo, IA 50701

    $100,000
    0.18 AC lot

    Three residential units include a larger main-floor layout and two currently vacant one-bedroom apartments.

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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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    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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    Updated Triplex
    Updated Triplex

    314 Lester Street, Waterloo, IA 50703

    $85,000
    0.18 AC lot

    Fully leased three-unit property with individually metered electricity and recent interior improvements.

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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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    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 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 Street, 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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    Triplex with Detached Garage
    Triplex with Detached Garage

    810 W 2nd St, Waterloo, IA 50701

    $100,000
    1,116 sqft

    Three residences include a larger unit and two compact one-bedroom layouts, with two currently vacant for occupancy.

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    Historic Mixed-Use Building
    Historic Mixed-Use Building

    632 Sycamore Street, Waterloo, IA 50703

    $350,000
    9,344 sqft 0.18 AC lot

    A 6-unit building offers three commercial suites and three residential units with in-unit washer and dryer hookups.

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    Grand Crossing Multifamily Property
    Grand Crossing Multifamily Property

    21 West Jefferson Street, Waterloo, IA 50701

    Contact for pricing
    71,706 sqft

    Two-phase development in Waterloo combines multifamily and mixed-use property characteristics.

    View details

    Waterloo, IA Residential Income Properties Market Trends and Statistics

    Explore 42 residential income properties for sale in Waterloo, IA, showcased through 32 active listings on our real estate platform. These investment opportunities span a total of 161,903 square feet of properties for sale, with an estimated market value of $7,819,197.

    Sale prices for residential income properties in Waterloo, IA start at $69,900, averaging $325,799, 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

    Multifamily properties 33
    Duplexes 14
    Apartment buildings 8
    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
    50703 $203.3K
    50702 $261.7K
    50701 $402.9K

    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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    Most Searched ZIP Codes in Waterloo, IA

    • 50701
    • 50702
    • 50703

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