Rick Bauer
RE/MAX Concepts - Cedar Falls
(319) 349-8738
229 Total Sales
2 in Franklin Gateway
$70K - $93K Price Range
310 E 2nd St Waterloo, IA 50703
Franklin Gateway Neighborhood
4
Beds
4
Baths
1,064
Sq Ft
6,450
Sq Ft Lot
About This Home
As of August 2025Opportunity 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
Oakridge Real Estate License #S67248 Listed on: 05/28/2025
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 28, 2025
Closed on
Aug 29, 2025
Sold by
Bought by
Seller's Agent
Bethany Benner
Oakridge Real Estate
Buyer's Agent
Jo Johnson
RE/MAX Concepts - Cedar Falls
List Price
$120,000
Sold Price
$108,000
Premium/Discount to List
-$12,000
-10%
Views
18
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Outstanding Balance
$85,637
Interest Rate
6.75%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 20, 2017
Closed on
Apr 13, 2017
Sold by
Bought by
Seller's Agent
Ryan Backes
Backes Real Estate
List Price
$73,000
Sold Price
$68,000
Premium/Discount to List
-$5,000
-6.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.68%
Original Mortgage
$169,150
Interest Rate
4.3%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Franklin Gateway, IA
-
Rick Bauer
-
Bob Delveau
Bob Delveau
Oakridge Real Estate
(319) 505-8665
83 Total Sales
1 in Franklin Gateway
$31,000 Price
-
Amy Wienands
Amy Wienands
Responds QuicklyAWRE, EXP Realty, LLC
(319) 349-2816
1,182 Total Sales
1 in Franklin Gateway
$70,000 Price
-
Phillip Shirk
Phillip Shirk
AWRE - Commercial & Development
(319) 349-2171
69 Total Sales
5 in Franklin Gateway
$70K - $1.2M Price Range
-
Fred Miehe
Fred Miehe
Miehe Commercial Real Estate
(319) 595-4978
52 Total Sales
4 in Franklin Gateway
$185K - $950K Price Range
-
Matthew Miehe
Matthew Miehe
Miehe Commercial Real Estate
(319) 595-4586
60 Total Sales
4 in Franklin Gateway
$185K - $950K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $108,000 | None Listed On Document | ||
| $68,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $86,400 | ||
| Closed | $169,150 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,494 | $80,830 | $7,680 | $73,150 |
| 2024 | $1,494 | $68,860 | $7,680 | $61,180 |
| 2023 | $1,124 | $68,860 | $7,680 | $61,180 |
| 2022 | $1,288 | $51,170 | $3,290 | $47,880 |
| 2021 | $1,278 | $51,170 | $3,290 | $47,880 |
| 2020 | $1,360 | $47,180 | $3,290 | $43,890 |
| 2019 | $1,360 | $43,890 | $0 | $43,890 |
| 2018 | $1,490 | $43,890 | $0 | $43,890 |
| 2017 | $1,570 | $43,890 | $0 | $43,890 |
| 2016 | $1,660 | $43,890 | $0 | $43,890 |
| 2015 | $1,660 | $43,890 | $0 | $43,890 |
| 2014 | $1,762 | $47,180 | $3,290 | $43,890 |
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
204 Total Sales
-
Jo Johnson
J
Buyer's Agent in 2025
Jo Johnson
RE/MAX
(319) 231-4887
2 in this area
49 Total Sales
-
Ryan Backes
Seller's Agent in 2017
Ryan Backes
Backes Real Estate
(319) 240-5039
129 Total Sales
-
Ashley Backes
A
Seller Co-Listing Agent in 2017
Ashley Backes
Backes Real Estate
(319) 240-4192
13 Total Sales
Map
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20252457
APN: 8913-24-353-005
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.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Listings courtesy of Northeast Iowa Regional Board of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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