This property boasts an unbeatable location, situated near Fareway, local coffee shops, the downtown area, the W Wellness Center, and Wartburg College. Its prime location makes it an ideal investment opportunity for those looking to capitalize on the demand for rental properties in a bustling community, or CONVERT IT BACK TO A SINGLE-FAMILY HOME. Recent updates include a complete repaint of both the house and garage siding, ensuring a fresh and modern appearance. The hardwood floors on the first floor have been refurbished, adding warmth and character to the living spaces, while the interior repaint enhances the overall aesthetic. This investment property features two units, each with two bedrooms and one bath, making it perfect for attracting tenants. Each unit is equipped with two A/C systems (installed in 2012) and two furnaces (installed in 2008), ensuring comfort year-round. Additionally, there are two water heaters for optimal efficiency. Tenants are responsible for all utilities except for snow removal, providing a straightforward management process for the owner. With its excellent location and well-maintained features, this property presents a fantastic opportunity for investors looking to tap into a thriving rental market. Don't miss out on this chance to invest in a property that combines convenience, comfort, and potential for strong rental income. ACT QUICKLY
For sale
$197,500
303 3rd St NW, Waverly, IA 50677
4beds
2baths
2,064sqft
Est.:
Duplex
Built in 1897
-- sqft lot
$190,300 Zestimate®
$96/sqft
$-- HOA
What's special
Interior repaint
- 16 days
- on Zillow |
- 818 |
- 23 |
Zillow last checked: 7 hours ago
Listing updated: April 23, 2025 at 04:00am
Listed by:
Romeo Djoumessi,Rene 319-483-8238,
RE/MAX Concepts - Waverly,
Romeo Djoumessi,Rene 319-483-8238,
RE/MAX Concepts - Waverly
Source: Northeast Iowa Regional BOR,MLS#: 20251483

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Gas Dryer Hookup, Lower Level, Washer Hookup
Features
- Basement: Interior Entry,Stone/Rock
Interior area
- Total structure area: 2,064
- Total interior livable area: 2,064 sqft
- Finished area above ground: 1,224
- Finished area below ground: 1,224
Property
Parking
- Total spaces: 2
- Parking features: Garage, Gravel, Parking Pad, Parking Garage, Paved, Detached
- Uncovered spaces: 2
Features
- Levels: Two
- Patio & porch: Deck
Lot
- Size: 8,712 Square Feet
- Dimensions: 60x132
Details
- Parcel number: 0902109006
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood Siding
- Roof: Asphalt
Condition
- Year built: 1897
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Elec Individual Meters, Garbage Pd by Individual, Gas Individual Meters, Separate Meters, Water - Multiple Meters
Community & HOA
Location
- Region: Waverly
Financial & listing details
- Price per square foot: $96/sqft
- Tax assessed value: $167,250
- Annual tax amount: $2,692
- Date on market: 4/9/2025
- Lease term: Month To Month
- Tenant pays: Electricity, Trash Collection, Gas, Heat, Grounds Care, Water
- Road surface type: Paved
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