$1,650,000
$180K PRICE DROP

211 Madison St Waterloo, IA 50703

Neighbors for Life Neighborhood

Estimated payment $11,472/month

Total Views 8,371
-- Bed
-- Bath
408 Sq Ft
$4,044 Price per Sq Ft

Highlights

  • 1.53 Acre Lot
  • Forced Air Heating System
  • 4-minute walk to Highland Square Park
  • Corner Lot
  • Ceiling Fan

About This Home

Discover a lucrative investment opportunity with this 32-unit property in Waterloo. Ideal for investors seeking a stable income stream, this well-maintained complex offers spacious two-bedroom, one-bathroom units with full basements. 32 Rental Units: Solid history of 95%+ occupancy Two-Bedroom, One-Bathroom Units: Comfortable and practical layouts. Full Basements: Additional storage space for tenants. Tenant Responsibilities: Electric, water, gas, and sewer bills, ensuring efficient cost management. Landlord Responsibilities: Trash, lawn care, and snow removal, providing added convenience for tenants. This prime location offers easy access to local amenities, schools, hospitals, and transportation. Don't miss out on this exceptional investment opportunity. Contact us today to schedule a viewing!

Listing Agent

Tyler Rasmussen

EPM, Iowa License #B63386000 Listed on: 09/29/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,163

Year Built

  • Built in 1950

Lot Details

  • 1.53 Acre Lot
  • Lot Dimensions are 145 x 460
  • Corner Lot

Home Design

  • Block Foundation
  • Stucco Exterior Insulation and Finish Systems
  • Rubber Roof

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Exterior Basement Entry
  • Laundry on lower level

Parking

  • 32 Open Parking Spaces
  • No Garage
  • Parking Available

Schools

  • Highland Elementary School
  • George Washington Carver Academy Middle School
  • West High School

Utilities

  • Forced Air Heating System

Community Details

  • 32 Units

Listing and Financial Details

  • Assessor Parcel Number 891230126012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,163

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Parcel Number: 891230126012
  • Year Built: 1950
  • Property Sub-Type: Apartment
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Lower Level
  • ResoLotFeatures: Corner Lot
  • Lot Size Acres: 1.53
  • Road Frontage Type: Hard Surface Road
  • Co List Office Phone: 319-560-3543
  • MLS Status: ACTIVE
  • Above Grade Finished Sq Ft: 408
  • Unit Levels: Two
  • Reso Roof: Rubber
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Entrance-Outside
  • Below Grade Sq Ft: 408

Exterior Features

  • Construction Type: Stucco EIFS
  • Siding: Stucco

Garage/Parking

  • Open Parking Spaces: 32
  • Parking Features: Parking Space, None

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Utilities: Elec Individual Meters, Gas Individual Meters, Water - Multiple Meters
  • Water Source: Public

Schools

  • Elementary School: Highland Elementary
  • High School: West High
  • Middle Or Junior School: George Washington Carver Academy

Lot Info

  • Zoning: R-3
  • Lot Dimensions: 145 x 460
  • Lot Size Sq Ft: 66845

Rental Info

  • Tenant Pays: Electricity, Gas, Heat, Water
  • Lease Term: Over 9 Months

Multi Family

  • Number Of Units Total: 32

Tax Info

  • Tax Annual Amount: 32163

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $1,094 $50,430 $1,900 $48,530
2023 $878 $50,430 $1,900 $48,530
2022 $854 $39,980 $1,680 $38,300
2021 $906 $39,980 $1,680 $38,300
2020 $890 $39,980 $1,680 $38,300
2019 $890 $39,980 $1,680 $38,300
2018 $462 $20,680 $1,400 $19,280
2017 $474 $20,680 $1,400 $19,280
2016 $470 $20,680 $1,400 $19,280
2015 $470 $20,680 $1,400 $19,280
2014 $478 $20,680 $1,400 $19,280
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 For Sale $1,650,000 0.0% $4,044 / Sq Ft
06/02/2025 06/02/25 Pending -- -- --
03/10/2025 03/10/25 Price Changed $1,650,000 -2.4% $4,044 / Sq Ft
12/18/2024 12/18/24 Price Changed $1,690,000 -3.4% $4,142 / Sq Ft
11/11/2024 11/11/24 Price Changed $1,750,000 -4.4% $4,289 / Sq Ft
09/29/2024 09/29/24 For Sale $1,830,000 -- $4,485 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Legal Action Court Order $485,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,248,000 Future Advance Clause Open End Mortgage
Closed $1,318,570 New Conventional
Closed $275,000 Commercial
Closed $776,000 Purchase Money Mortgage
Source: Public Records

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20244370

Northeast Iowa Regional Board of REALTORS®

APN: 8912-30-126-012

Iowa Black Hawk County Waterloo 50703 Neighbors for Life

211 Madison St, Waterloo, IA

This home is located at 211 Madison St, Waterloo, IA 50703 and is currently priced at $1,650,000, approximately $4,044 per square foot. This property was built in 1950. 211 Madison St is a home located in Black Hawk County with nearby schools including Highland Elementary School, George Washington Carver Academy, and East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northeast Iowa Regional Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Tyler Rasmussen
Listing Agent
Tyler Rasmussen
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EPM, Iowa
(319) 671-6288