Courtesy: EXP Realty, LLC
833-835-5566
Every investor is searching for that rare combination of quality, location, and proven performance—and this duplex delivers. Nestled in a highly desirable neighborhood with a strong rental history, this well-maintained ranch-style property is a standout opportunity. Each unit features two spacious bedrooms, a single-stall attached garage, and a functional layout designed for comfortable living. A durable metal roof adds long-term value, while the full basements offer additional storage or potential for future use. Situated on a corner lot in a peaceful neighborhood, the property also includes a shared backyard patio space—perfect for outdoor enjoyment. With no sidewalks to maintain, upkeep is simplified for both owner and tenants. Conveniently located near shopping, medical facilities, and easy access to Hwy 20, this duplex checks all the boxes for both investors and occupants alike. Opportunities like this are hard to find in today’s competitive rental market. Schedule your showing today and see the potential for yourself. **Some photos virtually staged for inspiration.
Courtesy: AWRE, EXP Realty, LLC
319-269-2477
This exceptionally well-maintained property offers a rare opportunity for comfortable multi-generational living, extended family or guests or an investment opportunity. From the moment you step inside, the pride of ownership is apparent in every space. The main floor unit welcomes you with a spacious living room filled with natural light and new flooring, creating a warm and inviting atmosphere for both everyday living and entertaining. The kitchen features bright white appliances, ample cabinetry, updated flooring and a functional layout that makes meal preparation a breeze. Just off the kitchen, the four-season room provides the perfect spot to relax year-round while enjoying views of the outdoors. This unit also includes three generously sized bedrooms and a full bathroom, offering both comfort and convenience. The lower level is home to an awesome rec room ideal for gatherings and a laundry area that can be shared. The lower-level unit is equally impressive, featuring a cozy living room with new carpet, a convenient kitchen and a bedroom and bathroom creating a private and comfortable retreat for extended family or guests too. New carpet throughout and kitchen flooring adds a fresh, updated feel to the home. Outside, you’ll appreciate the two-stall garage along with a storage shed for the extras. Combining versatility and space - this property is truly move-in ready and perfectly suited for a variety of living arrangements. Schedule your showing today!
Courtesy: Realty ONE Group Movement
319-243-3425
Up-and-down duplex with charming wood Craftsman features throughout. Each unit includes 1 bedroom, 1 bathroom, and a spacious living room. Total monthly rent is $1,345, with the lower unit renting for $595 and the upper unit renting for $750. Tenants pay utilities, while the landlord covers water, averaging $278 per quarter. Both units feature newer appliances. With rents well above the 1% rule, this is a strong investment opportunity and a must-see property.
Courtesy: Fischels Residential Group
319-234-5000
Value-add duplex with improvements needed, small single-stall garage. Great potential for the right buyer. Sold as-is. Cash only.
Courtesy: Realty ONE Group Movement
319-243-3425
Well maintained 12-unit apartment complex located on a quiet cul-de-sac in Waterloo, offering a stable investment opportunity in a desirable setting. The property is in good condition, with a strong occupancy-10 of the 12 units are currently leased, providing immediate income with upside potential. Financial available upon request to qualified buyers.
Courtesy: EPM, Iowa
319-560-3543
Great investment opportunity! Lower unit features two bedrooms and one bathroom. Upstairs unit offers one bedroom and one bathroom.
Courtesy: Oakridge Real Estate
319-277-5005
Great cash flow investment opportunity directly across from Gates Park! Fully rented triplex provides immediate cashflow. Unit 1-1 bed 1 bath with stove and refrigerator $475/mo. Unit 2-1 bed 1 bath with stove and refrigerator $525/mo. Unit 3-1 bed 1 bath with stove and refrigerator $375/mo. Each unit has its own electric meter. Owner currently pays water, snow removal & lawn care. Seller has proactively maintained units with multiple updates including: newer flooring, paint, cabinets, countertop, shower.
Courtesy: Four Seasons Realtors Inc
319-274-8080
Investor and home renovator opportunity here! This home is ready to reno! This home was previously a duplex and could still be, but is also in the process of being converted into a single family home. Newer Windows and doors, new siding, two new fuse boxes, and new electrical ran through half the house. Come take a look at a great project home! Sold AS-IS
Courtesy: Realty ONE Group Movement
319-243-3425
93 unit Senior Housing Community - Downtown Waterloo IA Located in the heart of downtown Waterloo, this well maintained apartment community offer investors a stabilized asset with a strong historical occupancy and consistent cash flow. Walnut Court Senior Housing Pro-forma available.
Courtesy: Vine Valley Real Estate
319-249-5468
Calling all investors and visionaries! This prime multi-unit property located at 60, 62, 64 Franklin St in Waterloo is now available for sale at $40,000. Situated in a convenient and established area, this triplex offers a unique opportunity for redevelopment or future improvement. With strong potential for those looking to add value, reimagine the space, or pursue a long-term investment strategy, this property is ideal for buyers seeking their next project in a desirable location close to local amenities, schools, and transportation. Opportunities like this don’t come along often, bring your ideas and make this one your next successful investment. All measurements and features approximate.
Courtesy: Martin Inc., Realtors
319-235-6553
Discover the versatile charm of this multifamily property located in the heart of Waterloo's historic Church Row district. Whether you're an investor or looking for a home with rental potential, 216 & 216 1/2 Allen Street offers two distinct living spaces with classic 1911 architecture. Property Highlights: 216 Allen St (Lower Unit): A spacious 1-bedroom, 1-bathroom unit featuring a welcoming front porch, elegant French doors, and warm wood flooring throughout. 216 1/2 Allen St (Upper Unit): A 2-bedroom, 1-bathroom apartment with beautifully redone hardwood floors and ample natural light. Convenience: Includes on-site laundry and dedicated off-street parking for residents. Prime Location Situated in a charming Cedar Valley neighborhood, this property is just minutes away from Waterloo's vibrant downtown and Museum District. Tenants will enjoy easy access to local favorites like George Wyth State Park and seasonal community events.
Courtesy: Berkshire Hathaway Home Services One Realty Centre
319-233-7000
Don’t miss this exceptional opportunity to own a fully occupied, income-producing fourplex, just minutes from downtown Waterloo’s vibrant shopping, dining, and amenities. Each of the four 2-bedroom, 1-bath units offers approximately 900 sq. ft. of living space. Significant capital improvements have already been completed, making this a strong investment option: Updated LVP flooring in multiple units New high-efficiency furnace in one unit Updated bathroom fixtures, including a new toilet and shower City-approved, newly built deck servicing the two upper units This property is being sold “As Is”, presenting a turnkey investment with immediate rental income in place. Whether you're a seasoned investor or just entering the market, this is a rare opportunity to secure a well-maintained asset in a desirable, high-demand location. Schedule your private showing today—opportunities like this don’t last long!
Courtesy: Pinnacle Realty
319-393-0900
Great investment property to add to your portfolio or a fun fix and flip. Motivated seller. Property being sold AS IS seller to make no repairs.
Courtesy: Four Seasons Realtors Inc
319-274-8080
Investor Alert! 1129 South St, Waterloo, IA 50702 Turnkey income opportunity with recent updates throughout! This duplex-style property offers two self-contained units ready to rent or occupy. The main-level unit features 1 bedroom, 1 bath, and a full kitchen, while the upper unit includes 2 bedrooms, 1 bath, a spacious living room, and a full kitchen — perfect for maximizing returns or house hacking. Enjoy peace of mind with a new roof installed in 2020, plus a new deck and patio area ideal for tenants or outdoor entertaining. With modern updates, separate living spaces, and a prime location near schools, parks, and downtown Waterloo, this property stands out as a strong, low-maintenance investment. Solid rental demand, great curb appeal, and reliable cash flow potential — don’t miss this updated Waterloo duplex! Property can be sold together in a package along with 408/410 E 8th St, 827 W 7th St, and 1310 South St. in a package deal
Courtesy: Berkshire Hathaway Home Services One Realty Centre
319-233-7000
Don't miss out on this excellent investment opportunity in Waterloo! This unique property includes three parcels totaling 0.47 acres, offering both immediate income and long-term potential. Two fully occupied rental units with separate entrances generating steady income: Unit 1: $700/month and Unit 2: $825/month. Recently built a 2-stall garage with garage door openers. Includes an additional vacant lot — perfect for future development or added yard space. With consistent rental income already in place and room to expand or enhance, this is an ideal opportunity for investors looking to grow their portfolio in a high-demand area. Schedule your showing today and discover the possibilities this multi-parcel property has to offer! Property is being sold "as is"
Courtesy: AWRE - Commercial & Development
319-269-2477
Great investment opportunity in a ranch style duplex! Two bedroom, one bathroom, living room, kitchen, 12x14 concrete patio each unit. Nice corner lot location in a quiet neighborhood. 1103 rent is $660/month 1107 rent is $675/month, both section 8 tenants. Would make for a great investment! Schedule your showing today!
Courtesy: EPM, Iowa
319-560-3543
This is the kind of asset every investor is looking for—24 fully occupied, low-maintenance units in a prime Waterloo location. Located at 611 & 619 Johnson Avenue, this multifamily package features two 12-unit buildings, each comprised entirely of 2 bed / 1 bath units with in-unit laundry—a key amenity that drives tenant demand and reduces turnover. Each unit is individually metered, with tenants paying electric, gas, water, and sewer. Landlord responsibility is limited to trash, lawn care, and snow removal, making this an exceptionally easy property to manage. The property also includes on-site garages, providing additional value and rental upside. These buildings are clean, simple, and operate efficiently. With strong rental history, desirable unit layouts, and minimal owner involvement, this is a high-yield, low-effort investment opportunity that would be a solid addition to any portfolio.
Courtesy: EPM, Iowa
319-560-3543
Discover a lucrative investment opportunity with this 32-unit property in Waterloo. Ideal for investors seeking a stable income stream, this well-maintained complex offers spacious two-bedroom, one-bathroom units with full basements. 32 Rental Units: Solid history of 95%+ occupancy Two-Bedroom, One-Bathroom Units: Comfortable and practical layouts. Full Basements: Additional storage space for tenants. Tenant Responsibilities: Electric, water, gas, and sewer bills, ensuring efficient cost management. Landlord Responsibilities: Trash, lawn care, and snow removal, providing added convenience for tenants. This prime location offers easy access to local amenities, schools, hospitals, and transportation. Don't miss out on this exceptional investment opportunity. Contact us today to schedule a viewing!
Waterloo is located in Iowa. Waterloo, Iowa has a population of 67,695. Waterloo is less family-centric than the surrounding county with 26.4% of the households containing married families with children. The county average for households married with children is 28.79%.
The median household income in Waterloo, Iowa is $49,430. The median household income for the surrounding county is $57,191 compared to the national median of $69,021. The median age of people living in Waterloo is 36.8 years.
The average high temperature in July is 83.4 degrees, with an average low temperature in January of 8.4 degrees. The average rainfall is approximately 35.7 inches per year, with 33.9 inches of snow per year.
