1113 Mulberry St Unit 1115 Waterloo, IA 50703
Cedar River NeighborhoodEstimated payment $517/month
About This Home
Located in the heart of downtown Waterloo, this triplex offers a solid investment opportunity at an unbeatable price per unit. The property features two main floor units and one upper-level unit, with two of the three currently rented. When fully occupied, it brings in over $1,600 per month in gross rent. Owner currently pays all utilities. While the property could use some TLC, there’s plenty of upside for a buyer ready to make improvements and raise rents. With its central location and value-add potential, this is a great option for both investors and handy owner-occupants. Don't miss your chance to build equity and cash flow in a growing downtown corridor!
Listing Agent
Berkshire Hathaway Home Services One Realty Centre License #S68688000 Listed on: 08/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,142
Year Built
- Built in 1897
Lot Details
- 5,340 Sq Ft Lot
Home Design
- Triplex
- Asphalt Roof
- Aluminum Siding
Interior Spaces
- Ceiling Fan
- Stone Basement
Parking
- No Garage
- On-Street Parking
Schools
- Lowell Elementary School
- Central Intermediate
- East High School
Community Details
- 3 Units
- Water Sewer Expense $200
Listing and Financial Details
- Assessor Parcel Number 891325135014
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,142 | $61,450 | $7,680 | $53,770 |
| 2024 | $1,142 | $52,650 | $7,680 | $44,970 |
| 2023 | $568 | $54,290 | $7,680 | $46,610 |
| 2022 | $650 | $25,840 | $3,290 | $22,550 |
| 2021 | $650 | $25,840 | $3,290 | $22,550 |
| 2020 | $690 | $23,960 | $3,290 | $20,670 |
| 2019 | $690 | $20,670 | $0 | $20,670 |
| 2018 | $756 | $20,670 | $0 | $20,670 |
| 2017 | $798 | $20,670 | $0 | $20,670 |
| 2016 | $842 | $20,670 | $0 | $20,670 |
| 2015 | $842 | $20,670 | $0 | $20,670 |
| 2014 | $894 | $23,960 | $3,290 | $20,670 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/26/2025 09/26/25 | Pending | -- | -- | -- | |
| 08/08/2025 08/08/25 | For Sale | $80,000 | +17.7% | $82 / Sq Ft | |
| 04/25/2023 04/25/23 | Sold | $67,950 | 0.0% | $70 / Sq Ft | View Prior Sale |
| 02/27/2023 02/27/23 | Pending | -- | -- | -- | |
| 01/27/2023 01/27/23 | Price Changed | $67,950 | -10.0% | $70 / Sq Ft | |
| 09/15/2022 09/15/22 | For Sale | $75,500 | +67.8% | $78 / Sq Ft | |
| 12/17/2020 12/17/20 | Sold | $45,000 | -18.2% | $46 / Sq Ft | View Prior Sale |
| 11/16/2020 11/16/20 | Pending | -- | -- | -- | |
| 06/29/2020 06/29/20 | For Sale | $55,000 | 0.0% | $56 / Sq Ft | |
| 06/09/2020 06/09/20 | Pending | -- | -- | -- | |
| 06/03/2020 06/03/20 | For Sale | $55,000 | -- | $56 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $214,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Title Services |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $0 | Unknown |
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20253848
APN: 8913-25-135-014
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