611 Johnson St Waterloo, IA 50702
Neighbors Helping Neighbors NeighborhoodEstimated payment $12,650/month
Highlights
- 1.01 Acre Lot
- Forced Air Heating and Cooling System
- 2-minute walk to Leavitt Triangle Park
- Corner Lot
- Garage
About This Home
This is the kind of asset every investor is looking for—24 fully occupied, low-maintenance units in a prime Waterloo location. Located at 611 & 619 Johnson Avenue, this multifamily package features two 12-unit buildings, each comprised entirely of 2 bed / 1 bath units with in-unit laundry—a key amenity that drives tenant demand and reduces turnover. Each unit is individually metered, with tenants paying electric, gas, water, and sewer. Landlord responsibility is limited to trash, lawn care, and snow removal, making this an exceptionally easy property to manage. The property also includes on-site garages, providing additional value and rental upside. These buildings are clean, simple, and operate efficiently. With strong rental history, desirable unit layouts, and minimal owner involvement, this is a high-yield, low-effort investment opportunity that would be a solid addition to any portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $40,527
Year Built
- Built in 2003
Lot Details
- 1.01 Acre Lot
- Lot Dimensions are 300x110
- Corner Lot
Home Design
- 4,357 Sq Ft Home
- Slab Foundation
- Asphalt Roof
- Vinyl Siding
Parking
- Garage
- 16 Open Parking Spaces
- Parking Available
- On-Street Parking
Schools
- Irving Elementary School
- Central Middle School
- West High School
Additional Features
- Laundry in Kitchen
- Forced Air Heating and Cooling System
Community Details
- 24 Units
Listing and Financial Details
- Assessor Parcel Number 891326458008
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/11/2025 07/11/25 | For Sale | $1,800,000 | +21.6% | $413 / Sq Ft | |
| 04/06/2018 04/06/18 | Sold | $1,480,000 | 0.0% | $340 / Sq Ft | View Prior Sale |
| 03/06/2018 03/06/18 | Off Market | $1,480,000 | -- | -- | |
| 07/24/2017 07/24/17 | For Sale | $1,400,000 | -- | $321 / Sq Ft |
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20254153
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Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.