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
1233 W Mullan Ave, Waterloo, IA 50701
2beds
864sqft
Est.:
Townhouse
Built in 1949
2,178 Square Feet Lot
$53,500 Zestimate®
$57/sqft
$-- HOA
What's special
- 1 day |
- 10 |
- 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#: 20255973
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Appliances Negotiable
- Laundry: Gas Dryer Hookup, Lower Level, Washer Hookup
Features
- Basement: Concrete
- 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
- Has additional parcels: Yes
- Parcel number: 891326159005
- 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
Community
- Security: Smoke Detector(s)
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: $57/sqft
- Tax assessed value: $37,790
- Annual tax amount: $688
- Date on market: 12/17/2025
- Cumulative days on market: 3 days
- Road surface type: Hard Surface Road
Estimated market value
$53,500
$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 #20255973 Report a problem | ||
| 6/27/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/25/2024 | Listed for rent | $650+8.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/9/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/1/2023 | Listed for rent | $600+9.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $634 +16.8% | $31,740 |
| 2023 | $543 +2.7% | $31,740 +28.3% |
| 2022 | $529 -14.2% | $24,740 |
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 Intermediate
- High: West 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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