Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.
For sale
$49,500
1229 W Mullan Ave, Waterloo, IA 50701
2beds
864sqft
Est.:
Townhouse
Built in 1949
2,178 Square Feet Lot
$53,700 Zestimate®
$57/sqft
$-- HOA
What's special
- 1 day |
- 8 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: December 17, 2025 at 03:01am
Listed by:
Michael Taylor 319-239-3659,
Lockard Realty Company
Source: Northeast Iowa Regional BOR,MLS#: 20255971
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 864 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: None
Lot
- Size: 2,178 Square Feet
- Dimensions: 16X135
Details
- Parcel number: 891326159007
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Vinyl Siding
- Roof: Built-Up
Condition
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: $57/sqft
- Tax assessed value: $38,250
- Annual tax amount: $697
- Date on market: 12/17/2025
- Cumulative days on market: 3 days
- Road surface type: Concrete
Estimated market value
$53,700
$41,000 - $67,000
$765/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/17/2025 | Listed for sale | $49,500$57/sqft |
Source:  Northeast Iowa Regional BOR #20255971 Report a problem | ||
| 8/19/2025 | Listing removed | $650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/1/2025 | Listed for rent | $650+18.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/7/2020 | Listing removed | $550$1/sqft |
Source: ABD Properties Report a problem | ||
| 6/24/2020 | Listed for rent | $550+4.8%$1/sqft |
Source: ABD Properties Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $642 +16.6% | $32,130 |
| 2023 | $551 +2.7% | $32,130 +28.1% |
| 2022 | $536 -14.2% | $25,080 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$269/mo
Principal & interest
$192
Property taxes
$60
Home insurance
$17
Climate risks
Neighborhood: Church Row Historic
Nearby schools
GreatSchools rating
- 2/10Irving Elementary SchoolGrades: K-5Distance: 0.6 mi
- 1/10Central Middle SchoolGrades: 6-8Distance: 2.2 mi
- 2/10East High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Irving Elementary
- Middle: Central
- High: East High
Source: Northeast Iowa Regional BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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