Triplex

Waterloo, IA Triplexes for Sale

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Updated Triplex
Updated: Jul 1
Updated Triplex

314 Lester Street, Waterloo, IA 50703

$85,000
0.18 AC lot
Three‑unit triplex with three one‑bedroom, one‑bath apartments
Fully rented residential income property
Each unit has its own electric meter
Recent updates include flooring, paint, cabinets, countertops, and a shower
0.18‑acre lot across from Gates Park
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Well-Kept Triplex with Detached Garages
Updated: Jul 21
Well-Kept Triplex with Detached Garages

5309-5311 Blue Bonnet Dr, Waterloo, IA 50702

$549,900
1,544 sqft
1978‑built one‑level triplex with 2‑bedroom, 2‑bath units
Each unit includes separate laundry, walk‑in closets, and pantry space
Utilities are all individually metered for each unit
Detached garage parking: 5311 Blue Bonnet has a double, detached, heated garage; 5309 has a single; 3216 Thistle Down has a double detached garage
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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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See hot listings in Waterloo

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
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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Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Waterloo, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Updated Triplex Investment Property
Updated Triplex Investment Property

415 E Main Street, Montezuma, IA 50171

$189,000
2,798 sqft 0.20 AC lot

Fully occupied three-unit property with separate utilities, individual HVAC systems, and laundry hookups in each unit.

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3-Unit Multifamily Property
3-Unit Multifamily Property

1221 Main Street, Grinnell, IA 50112

$299,000
2,891 sqft 0.28 AC lot

The property includes a five-bedroom main residence plus one-bedroom basement and garage units.

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Updated Fully Occupied Triplex
Updated Fully Occupied Triplex

415 E Main St, Montezuma, IA 50171

$189,000
2,798 sqft

Three separately metered units offer individual HVAC systems, kitchens, full baths, and laundry hookups.

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3-Unit Multifamily Property
3-Unit Multifamily Property

1221 Main St, Grinnell, IA 50112

$299,000
2,891 sqft

Two-story main residence with two additional apartments, a large yard, and parking accessed from the property and alley.

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Waterloo, IA Triplexes Market Trends and Statistics

Explore 4 triplexes for sale in Waterloo, IA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 12,268 square feet of properties for sale, with an estimated market value of $1,069,900.

Sale prices for three-family homes in Waterloo, IA start at $85,000, averaging $267,475, and reaching up to $549,900 — 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 13
Apartment buildings 4
Triplexes 4
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 $100K
50703 $173.3K
50702 $549.9K

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

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