1116 Mulberry St Waterloo, IA 50703
Cedar River NeighborhoodEstimated payment $911/month
About This Home
Excellent Investment Opportunity! Well-maintained duplex featuring two spacious 2-bedroom units. The lower unit is owner-occupied, while the upper unit generates steady rental income at $800/month. Each unit includes a full kitchen, a full bath, a generous living area, and plenty of storage space. Utilities are efficient with separate gas and electric meters; water and garbage are shared. Enjoy added value with a fenced yard, a 2-car garage, and a prime location just minutes from downtown.
Listing Agent
Oakridge Real Estate License #S72916000 Listed on: 09/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,338
Year Built
- Built in 1902
Lot Details
- 4,260 Sq Ft Lot
- Lot Dimensions are 71 x 60
Home Design
- Duplex
- Asphalt Roof
Interior Spaces
- Interior Basement Entry
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Parking
- 2 Open Parking Spaces
- Over 1 Space Per Unit
- Parking Garage Space
Schools
- Lowell Elementary School
- Central Middle School
- West High School
Community Details
- 2 Units
- Water Sewer Expense $66
Listing and Financial Details
- Assessor Parcel Number 891325138003
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 |
|---|---|---|---|---|
| 2024 | $1,116 | $61,660 | $7,700 | $53,960 |
| 2023 | $1,028 | $61,660 | $7,700 | $53,960 |
| 2022 | $486 | $55,670 | $7,700 | $47,970 |
| 2021 | $374 | $31,660 | $7,700 | $23,960 |
| 2020 | $362 | $25,080 | $3,300 | $21,780 |
| 2019 | $362 | $25,080 | $3,300 | $21,780 |
| 2018 | $364 | $25,080 | $3,300 | $21,780 |
| 2017 | $380 | $25,080 | $3,300 | $21,780 |
| 2016 | $372 | $25,080 | $3,300 | $21,780 |
| 2015 | $372 | $25,080 | $3,300 | $21,780 |
| 2014 | $378 | $25,080 | $3,300 | $21,780 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/15/2025 09/15/25 | Pending | -- | -- | -- |
| 09/12/2025 09/12/25 | For Sale | $150,000 | -- | $174 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $64,300 | Title Services Corp | |
| Joint Tenancy Deed | $51,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $49,685 | Adjustable Rate Mortgage/ARM |
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20254492
APN: 8913-25-138-003
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