303 Lafayette St Waterloo, IA 50703
Franklin Gateway Neighborhood
--
Bed
--
Bath
1,168
Sq Ft
4,158
Sq Ft Lot
About This Home
As of September 2025Investor Special – Value-Add Fourplex with Huge Upside! Opportunity knocks with this value-add fourplex! Located in a solid rental area, this property needs some TLC but offers incredible cash flow potential for the right investor. With a bit of vision and elbow grease, this fixer-upper could shine as a high-performing rental property or a lucrative flip project. Each unit offers its own layout and entrance, giving you flexibility for improvements and future tenant arrangements. Whether you're looking to expand your investment portfolio or take on your next renovation project, this one has the bones to become a cash-generating asset. This motivated seller has it priced to sell and full of opportunity—don’t miss your chance to build equity and income with this property.
Last Agent to Sell the Property
AWRE - Commercial & Development License #S7149200 Listed on: 06/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,100
Year Built
- Built in 1909
Lot Details
- 4,158 Sq Ft Lot
- Lot Dimensions are 54x77
Parking
- 3 Open Parking Spaces
Home Design
- Concrete Foundation
- Asphalt Roof
- Wood Siding
Laundry
- Laundry on lower level
Schools
- Cunningham Elementary School
- Central Middle School
- East High School
Community Details
- 4 Units
Listing and Financial Details
- Tenant pays for electricity, garbage pick-up, gas, heat, lawn care, snow removal, trash collection, water
- Assessor Parcel Number 891324353004
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 17, 2024
Closed on
Nov 11, 2024
Sold by
Schmidt Randy Lee
Bought by
Cfo Development Llc
Seller's Agent
Amy Wienands
AWRE, EXP Realty, LLC
Buyer's Agent
Phillip Shirk
AWRE - Commercial & Development
List Price
$199,900
Sold Price
$70,000
Premium/Discount to List
-$129,900
-64.98%
Views
57
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.39%
Original Mortgage
$70,000
Outstanding Balance
$69,574
Interest Rate
6.79%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,745
Similar Home in Waterloo, IA
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Fiduciary Deed | $70,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $70,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | Sold | $65,000 | -7.1% | $56 / Sq Ft |
| 07/16/2025 07/16/25 | Pending | -- | -- | -- |
| 06/12/2025 06/12/25 | For Sale | $70,000 | 0.0% | $60 / Sq Ft |
| 11/22/2024 11/22/24 | Sold | $70,000 | -41.7% | $60 / Sq Ft |
| 10/28/2024 10/28/24 | Pending | -- | -- | -- |
| 08/19/2024 08/19/24 | Price Changed | $120,000 | -40.0% | $103 / Sq Ft |
| 05/17/2024 05/17/24 | For Sale | $199,900 | -- | $171 / Sq Ft |
Source: Northeast Iowa Regional Board of REALTORS®
Tax History Compared to Growth
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 | $1,532 | $70,640 | $7,090 | $63,550 |
| 2023 | $786 | $70,640 | $7,090 | $63,550 |
| 2022 | $946 | $48,080 | $3,040 | $45,040 |
| 2021 | $932 | $48,080 | $3,040 | $45,040 |
| 2020 | $1,006 | $44,330 | $3,040 | $41,290 |
| 2019 | $1,006 | $41,290 | $0 | $41,290 |
| 2018 | $1,130 | $41,290 | $0 | $41,290 |
| 2017 | $1,204 | $41,290 | $0 | $41,290 |
| 2016 | $1,286 | $41,290 | $0 | $41,290 |
| 2015 | $1,286 | $41,290 | $0 | $41,290 |
| 2014 | $1,378 | $44,330 | $3,040 | $41,290 |
Source: Public Records
Agents Affiliated with this Home
-
Blake Keating
B
Seller's Agent in 2025
Blake Keating
AWRE - Commercial & Development
(319) 269-2477
1 in this area
22 Total Sales
-
Jo Johnson
J
Buyer's Agent in 2025
Jo Johnson
RE/MAX
(319) 231-4887
2 in this area
43 Total Sales
-
Amy Wienands
Seller's Agent in 2024
Amy Wienands
AWRE, EXP Realty, LLC
(319) 240-7247
1 in this area
1,290 Total Sales
-
Phillip Shirk
Buyer's Agent in 2024
Phillip Shirk
AWRE - Commercial & Development
(319) 239-4446
4 in this area
99 Total Sales
Map
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20252728
APN: 8913-24-353-004
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