Presenting a versatile real estate opportunity, this charming single-family home offers immense potential for both savvy investors seeking a reliable income stream and first-time homebuyers looking for an accessible entry point into homeownership. Currently operating as a sound rental property with a consistent history, it can be seamlessly maintained as an investment to immediately generate passive income. Alternatively, its comfortable layout, manageable size, and appealing location make it an ideal starter home, providing a fantastic foundation for those ready to leave renting behind and build equity. This property delivers exceptional flexibility, serving dual roles as a stable asset or a comfortable personal residence ready for your vision. Seller is a licensed Realtor in the State of Iowa. There are additional properties for sale, reach out or have your agent reach out for the current list.
For sale
$80,000
657 Sherman Ave, Waterloo, IA 50703
2beds
676sqft
Est.:
Single Family Residence
Built in 1950
6,534 Square Feet Lot
$-- Zestimate®
$118/sqft
$-- HOA
What's special
Comfortable layoutManageable size
- 7 days |
- 235 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: December 16, 2025 at 03:01am
Listed by:
Gordie Sorensen 319-269-1164,
RE/MAX Concepts - Cedar Falls,
Gerald Sorensen 319-269-1168,
RE/MAX Concepts - Cedar Falls
Source: Northeast Iowa Regional BOR,MLS#: 20255881
Tour with a local agent
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
- None
Features
- Basement: Block
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 676 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: 1 Stall, Detached Garage
- Carport spaces: 1
Lot
- Size: 6,534 Square Feet
- Dimensions: 50 x 130
Details
- Parcel number: 891313106002
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: NORTH WATERLOO PLACE
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: $118/sqft
- Tax assessed value: $67,420
- Annual tax amount: $1,136
- Date on market: 12/10/2025
- Cumulative days on market: 34 days
- Total actual rent: 935
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
$872/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/10/2025 | Listed for sale | $80,000+86%$118/sqft |
Source:  Northeast Iowa Regional BOR #20255881 Report a problem | ||
| 5/23/2025 | Listing removed | $885$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/6/2025 | Price change | $885-1.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/31/2025 | Price change | $895-0.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/24/2025 | Listed for rent | $900$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,046 -2% | $52,330 |
| 2023 | $1,067 +2.7% | $52,330 +7.7% |
| 2022 | $1,039 +9.7% | $48,590 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$435/mo
Principal & interest
$310
Property taxes
$97
Home insurance
$28
Climate risks
Neighborhood: Gates Park
Nearby schools
GreatSchools rating
- 3/10Cunningham SchoolGrades: PK-5Distance: 1.3 mi
- 2/10George Washington Carver AcademyGrades: 6-8Distance: 0.4 mi
- 2/10East High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Cunningham
- Middle: George Washington Carver Academy
- 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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