611 Johnson St Waterloo, IA 50702
Neighbors Helping Neighbors NeighborhoodEstimated payment $12,525/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 - Waterloo Csd
- 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
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 | $41,380 | $2,027,630 | $80,320 | $1,947,310 |
| 2024 | $43,986 | $2,027,630 | $80,320 | $1,947,310 |
| 2023 | $32,648 | $2,027,630 | $80,320 | $1,947,310 |
| 2022 | $37,424 | $1,466,880 | $31,320 | $1,435,560 |
| 2021 | $39,756 | $1,466,880 | $31,320 | $1,435,560 |
| 2020 | $41,788 | $1,449,520 | $31,320 | $1,418,200 |
| 2019 | $41,788 | $1,418,200 | $0 | $1,418,200 |
| 2018 | $32,584 | $1,449,520 | $31,320 | $1,418,200 |
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 |
|---|---|---|---|---|---|
| 08/31/2026 08/31/26 | Price Changed | $1,650,000 | -5.7% | $379 / Sq Ft | |
| 07/27/2026 07/27/26 | Price Changed | $1,750,000 | -2.8% | $402 / Sq Ft | |
| 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
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
- 1011 Leavitt St
- 500 Johnson St
- 1013 W 6th St
- 1012 W 6th St
- 1005 Forest Ave
- 925 Forest Ave
- 915 W 5th St
- 317 Hammond Ave
- 803 Randolph St
- 1023 Western Ave
- 723 Randolph St
- 125 Linwood Ave
- 918 W 4th St
- 1433 Forest Ave
- 404 Allen St
- 419 Wellington St
- 1815 W 7th St
- Lot #17 Denver St
- Lot #15 Denver St
- Lot 9 Hoff Rd
- 1008-1024 Leavitt St
- 821 W 8th St Unit A
- 1212 Randolph St
- 720 W 9th St
- 1227 Williston Ave
- 915 Forest Ave
- 1022 Forest Ave
- 1027 W 5th St
- 702 Bertch Ave Unit BW-1001
- 518 1/2 Locust St
- 610 Wellington St Unit A6
- 216 Pleasant St
- 918 W 4th St Unit 918
- 1002 W 4th St Unit 4
- 1206 Washington St Unit 1206 B
- 721-721 W 11th St Unit 719
- 727-727 W 11th St Unit 727
- 827 W 3rd St Unit 4
- 705-7055 W 3rd St Unit 705
- 705-7055 W 3rd St Unit 705.5
Ask me questions while you tour the home.