This well-maintained duplex in Waterloo is a fantastic investment opportunity, offering a solid monthly gross income of $2,020. Recent updates, including new siding, fresh paint, and several updated vinyl windows, add to the property's appeal and longevity. The main-level unit features 3 bedrooms, 2 bathrooms, and ample living space, while the upper unit offers 2 bedrooms and 1 bathroom. The landlord covers utilities for the upper unit and water/sewer/trash for the main level, averaging around $300 per month. With steady rental income and key improvements already in place, this duplex is a great addition to any investor’s portfolio. Don’t miss out—schedule your showing today! 24 Hour Notice Required
Sold for $136,500 on 03/17/25
$136,500
807 W 3rd St, Waterloo, IA 50701
5beds
2baths
1,572sqft
Duplex
Built in 1896
-- sqft lot
$136,800 Zestimate®
$87/sqft
$772 Estimated rent
Home value
$136,800
$130,000 - $145,000
$772/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 18, 2025 at 04:01am
Listed by:
Gordie Sorensen 319-269-1164,
RE/MAX Concepts - Cedar Falls,
Gerald Sorensen 319-269-1168,
RE/MAX Concepts - Cedar Falls
Bought with:
Jakob Elmquist-Tsui, S71819000
AWRE, EXP Realty, LLC
Source: Northeast Iowa Regional BOR,MLS#: 20250613
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: None
Features
- Basement: Stone/Rock
Interior area
- Total structure area: 1,572
- Total interior livable area: 1,572 sqft
- Finished area above ground: 946
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Garage, Parking Space, Detached
- Uncovered spaces: 4
Features
- Levels: Two
Lot
- Size: 5,227 sqft
- Dimensions: 50x100
Details
- Parcel number: 8913264010006
- Zoning: R-4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1896
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electric in Rent, Garbage in Rent, Water in Rent
Community & neighborhood
Location
- Region: Waterloo
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2025 | Sold | $136,500-4.2%$87/sqft |
Source:  Northeast Iowa Regional BOR #20250613 | ||
| 2/16/2025 | Pending sale | $142,500$91/sqft |
Source: Northeast Iowa Regional BOR #20250613 | ||
| 2/14/2025 | Listed for sale | $142,500+168.9%$91/sqft |
Source: Northeast Iowa Regional BOR #20250613 | ||
| 3/29/2019 | Sold | $53,000-11.5%$34/sqft |
Source: Northeast Iowa Regional BOR #20185716 | ||
| 10/26/2018 | Listed for sale | $59,900+27.4%$38/sqft |
Source: Century 21 Signature Real Estate - Cedar Falls #20185716 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,154 +12.5% | $57,740 |
| 2023 | $1,026 +2.7% | $57,740 +23.6% |
| 2022 | $999 -13.8% | $46,720 |
Find assessor info on the county website
Neighborhood: Church Row Historic
Nearby schools
GreatSchools rating
- 2/10Irving Elementary SchoolGrades: K-5Distance: 0.3 mi
- 1/10Central Middle SchoolGrades: 6-8Distance: 2.6 mi
- 3/10West High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Irving Elementary
- Middle: Central
- 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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