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    Waterloo, IA
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    Waterloo, IA Residential Income Properties for Sale

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    16 properties
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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
    One‑level triplex with 2 bedrooms and 2 bathrooms in each unit
    All units have separate laundry, walk‑in closets, and pantry space
    All units are separately metered
    Detached, heated double garage space for 5311 Blue Bonnet; single detached garage for 5309; detached double garage for 3216 Thistle Down
    Public water and public sewer; asphalt shingle roof
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    93-Unit Senior Housing Community
    Updated: Feb 27
    93-Unit Senior Housing Community

    315 Walnut St, Waterloo, IA 50703

    $3,200,000
    1.16 AC lot
    93‑unit senior housing community in downtown Waterloo, IA
    Built in 1922 with brick construction
    Steam heating; window unit(s) cooling
    Public water and public sewer service
    Membrane roof
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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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    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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    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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    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 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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    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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    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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    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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    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 34 Potential Opportunities for your consideration. Besides 16 Active listings in Waterloo, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 10 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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    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.

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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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    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.

    Waterloo Land Opportunity
    Waterloo Land Opportunity

    Bates Street, Waterloo, IA 50703

    Contact for pricing
    0.16 AC lot

    Land available in Waterloo, Iowa, with future potential.

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    Corner Lot in Waterloo, IA
    Corner Lot in Waterloo, IA

    Webster Street lot: 11 & 12, Waterloo, IA 50703

    Contact for pricing
    0.32 AC lot

    Corner lot in Waterloo, Iowa, sized 100 X 140.

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    Residential Land with Garage
    Residential Land with Garage

    1018 Fairview Avenue, Waterloo, IA 50703

    Contact for pricing
    0.45 AC lot

    Three lots with garage for storage while building.

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    Waterloo Land Parcel For Sale
    Waterloo Land Parcel For Sale

    Monroe, Waterloo, IA 50703

    Contact for pricing
    0.18 AC lot

    Residential land parcel available in Waterloo, Iowa.

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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
    Marnie Ave
    Land

    0 Marnie Ave, Waterloo, IA 50701

    Value Estimation by Request
    View details
    Bluegrass Cir
    Land

    0 Bluegrass Cir, Waterloo, IA 50613

    Value Estimation by Request
    2.20 AC lot
    View details
    Cyclone Dr
    Land

    0 Cyclone Dr, Waterloo, IA 50701

    Value Estimation by Request
    2.00 AC lot
    View details
    Huntington Rd
    Land

    0 Huntington Rd, Waterloo, IA 50701

    Value Estimation by Request
    8.12 AC lot
    View details
    4700 Twin Pines Dr
    Land

    4700 Twin Pines Dr, Waterloo, IA 50701

    Value Estimation by Request
    View details

    Waterloo, IA Residential Income Properties Market Trends and Statistics

    Explore 26 residential income 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 residential income 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

    Multifamily properties 16
    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

    • 50701
    • 50702
    • 50703

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