$108,000
SOLD AUG 29, 2025

310 E 2nd St Waterloo, IA 50703

Franklin Gateway Neighborhood
-- Bed
-- Bath
1,064 Sq Ft
6,450 Sq Ft Lot

Recently Sold

$102 Per Sq Ft

10% Below List Price

49 Days on Market

About This Home

As of August 2025

Opportunity knocks with this cash-flowing 5-plex located just minutes from the heart of downtown Waterloo. Four of the five units are already leased to tenants, with one vacant unit ready for you to fill. Each unit features 1 bedroom and 1 bathroom. Whether you're a seasoned investor or just getting started, this property is primed and ready to generate income from day one. Don't miss your chance to own a multi-family investment in one of Waterloo’s most convenient locations!

Last Agent to Sell the Property

Bethany Benner

Oakridge Real Estate License #S67248 Listed on: 05/28/2025

Oakridge Real Estate

Last Buyer's Agent

Jo Johnson

RE/MAX Concepts - Waterloo License #S64774000

RE/MAX Concepts - Waterloo

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,376

Year Built

  • Built in 1893

Lot Details

  • 6,450 Sq Ft Lot
  • Lot Dimensions are 43x150

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Exterior Basement Entry

Parking

  • 5 Open Parking Spaces
  • No Garage

Schools

  • Cunningham Elementary School
  • Central Middle School
  • West High School

Listing and Financial Details

  • Assessor Parcel Number 891324353005

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $307
  • Water Sewer Expense $470

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,376

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Parcel Number: 891324353005
  • Year Built: 1893
  • Property Sub-Type: Apartment
  • PropertyType: Residential Income
  • ResoLaundryFeatures: None
  • Lot Size Acres: 0.15
  • Co List Office Phone: 319-277-5005
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1064
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Entrance-Outside
  • Below Grade Sq Ft: 1008

Exterior Features

  • Construction Type: Vinyl Siding
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 5
  • Parking Features: Parking Pad, None

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Utilities: Electric in Rent, Garbage in Rent, Gas in Rent, Water in Rent
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 470

Schools

  • Elementary School: Cunningham
  • High School: West High
  • Middle Or Junior School: Central

Lot Info

  • Zoning: C-2
  • Lot Dimensions: 43x150
  • Lot Size Sq Ft: 6450

Rental Info

  • Tenant Pays: None

Multi Family

  • Number Of Units Total: 5
  • Electric Expense: 307

Tax Info

  • Tax Annual Amount: 1376.35

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2025 08/29/25 Sold $108,000 -10.0% $102 / Sq Ft
07/16/2025 07/16/25 Pending -- -- --
05/28/2025 05/28/25 For Sale $120,000 +76.5% $113 / Sq Ft
04/14/2017 04/14/17 Sold $68,000 -6.8% $64 / Sq Ft View Prior Sale
03/03/2017 03/03/17 Pending -- -- --
01/20/2017 01/20/17 For Sale $73,000 -- $69 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bethany Benner

    Seller's Agent in 2025

    Bethany Benner

    Oakridge Real Estate

    (319) 551-4010

    1 in this area

    179 Total Sales

    Bethany Benner
    Section Image

  • J

    Buyer's Agent in 2025

    Jo Johnson

    RE/MAX

    (319) 231-4887

    2 in this area

    44 Total Sales

    Jo Johnson
    Section Image
  • Ryan Backes

    Seller's Agent in 2017

    Ryan Backes

    Backes Real Estate

    (319) 240-5039

    1 in this area

    123 Total Sales

    Ryan Backes
    Section Image

  • A

    Seller Co-Listing Agent in 2017

    Ashley Backes

    Backes Real Estate

    (319) 240-4192

    19 Total Sales

    Ashley Backes
    Section Image
See All Agents

Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20252457

Northeast Iowa Regional Board of REALTORS®

APN: 8913-24-353-005

Iowa Black Hawk County Waterloo 50703 Franklin Gateway

310 E 2nd St, Waterloo, IA

Sold

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