$136,500
SOLD MAR 17, 2025

807 W 3rd St Waterloo, IA 50701

Church Row Neighborhood
5 Beds
2 Baths
946 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$144 Per Sq Ft

4% Below List Price

2 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Garage
  • 5-minute walk to Washington Park

About This Home

As of March 2025

This well-maintained duplex in Waterloo is a fantastic investment opportunity, offering a solid monthly gross income of $2,020. Recent updates, including new siding, fresh paint, and several updated vinyl windows, add to the property's appeal and longevity. The main-level unit features 3 bedrooms, 2 bathrooms, and ample living space, while the upper unit offers 2 bedrooms and 1 bathroom. The landlord covers utilities for the upper unit and water/sewer/trash for the main level, averaging around $300 per month. With steady rental income and key improvements already in place, this duplex is a great addition to any investor’s portfolio. Don’t miss out—schedule your showing today! 24 Hour Notice Required

Last Agent to Sell the Property

Gordon Sorensen

RE/MAX Concepts - Cedar Falls License #B59768000 Listed on: 02/14/2025

Co-Listed By

Gerald Sorensen

RE/MAX Concepts - Cedar Falls License #B59861000

Last Buyer's Agent

Jakob Elmquist-Tsui

AWRE, EXP Realty, LLC License #S71819000

AWRE, EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,154

Year Built

  • Built in 1896

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100

Home Design

  • Duplex
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 946 Sq Ft Home
  • 2-Story Property
  • Stone Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • Garage
  • 4 Open Parking Spaces
  • Parking Available

Schools

  • Irving Elementary School
  • Central Middle School
  • West High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for lawn care, snow removal
  • Assessor Parcel Number 8913264010006

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $147
  • Water Sewer Expense $153
  • Operating Expense $300
  • Gross Income $2,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,154

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Parcel Number: 8913264010006
  • Year Built: 1896
  • Property Sub-Type: Duplex
  • ResoLaundryFeatures: None
  • Lot Size Acres: 0.12
  • Co List Office Mls Id: NBR92
  • Co List Office Phone: 319-266-7100
  • Co List Office Phone: 319-266-7100
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 946
  • Architectural Style: Two Story
  • Reso Roof: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Stone/Rock
  • Total Bedrooms: 5

Exterior Features

  • Construction Type: Vinyl Siding
  • Siding: Vinyl

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: Garage, Parking Space, Detached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: City Sewer
  • Utilities: Electric in Rent, Garbage in Rent, Water in Rent
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 153

Schools

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

Lot Info

  • Zoning: R-4
  • Lot Dimensions: 50x100
  • Lot Size Sq Ft: 5000

Rental Info

  • Tenant Pays: Lawn Care, Snow Removal
  • Lease Term: Month To Month

Multi Family

  • Gross Income: 2020
  • Operating Expense: 300
  • Number Of Units Total: 2
  • Electric Expense: 147

Tax Info

  • Tax Annual Amount: 1154

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2025
Closed on
Mar 11, 2025
Sold by
Ia Home Rentals Llc
Bought by
Tournier Jay and Tournier Krystal
Seller's Agent
Gordon Sorensen
RE/MAX Concepts - Cedar Falls
Buyer's Agent
Jakob Elmquist-Tsui
AWRE, EXP Realty, LLC
List Price
$142,500
Sold Price
$136,500
Premium/Discount to List
-$6,000
-4.21%
Views
10
Current Estimated Value
$161,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,687
Avg. Annual Appreciation
77.40%
Original Mortgage
$102,375
Outstanding Balance
$102,290
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$58,897

Purchase Details

Listed on
Oct 26, 2018
Closed on
Mar 29, 2019
Sold by
Kneble Roger and Knebel Hope
Bought by
Ia Home Rentals Llc
Seller's Agent
Robin Shrader
Century 21 Signature Real Estate - Cedar Falls
List Price
$59,900
Sold Price
$53,000
Premium/Discount to List
-$6,900
-11.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.17%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $136,500 Abstract Title
Warranty Deed $53,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $102,375 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2025 03/17/25 Sold $136,500 -4.2% $144 / Sq Ft
02/16/2025 02/16/25 Pending -- -- --
02/14/2025 02/14/25 For Sale $142,500 +168.9% $151 / Sq Ft
03/29/2019 03/29/19 Sold $53,000 0.0% $66 / Sq Ft
02/27/2019 02/27/19 Off Market $53,000 -- --
10/26/2018 10/26/18 For Sale $59,900 -- $74 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $1,154 $57,740 $6,600 $51,140
2023 $1,026 $57,740 $6,600 $51,140
2022 $998 $46,720 $6,600 $40,120
2021 $1,160 $46,720 $6,600 $40,120
2020 $1,140 $51,180 $6,600 $44,580
2019 $1,140 $51,180 $6,600 $44,580
2018 $1,140 $51,180 $6,600 $44,580
2017 $1,269 $51,150 $6,600 $44,550
2016 $1,152 $51,150 $6,600 $44,550
2015 $1,152 $50,770 $6,600 $44,170
2014 $1,174 $50,770 $6,600 $44,170
Source: Public Records

Agents Affiliated with this Home

  • Gordon Sorensen

    Seller's Agent in 2025

    Gordon Sorensen

    RE/MAX

    (319) 269-1164

    1 in this area

    179 Total Sales

    Gordon Sorensen
    Section Image
  • Gerald Sorensen

    Seller Co-Listing Agent in 2025

    Gerald Sorensen

    RE/MAX

    (319) 269-1168

    1 in this area

    159 Total Sales

    Gerald Sorensen
    Section Image

  • J

    Buyer's Agent in 2025

    Jakob Elmquist-Tsui

    AWRE, EXP Realty, LLC

    (319) 269-2477

    2 in this area

    13 Total Sales

    Jakob Elmquist-Tsui
    Section Image
  • Robin Shrader

    Seller's Agent in 2019

    Robin Shrader

    Century 21 Signature Real Estate - Cedar Falls

    (319) 231-2590

    3 in this area

    76 Total Sales

    Robin Shrader
    Section Image
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20250613

Northeast Iowa Regional Board of REALTORS®

APN: 8913-26-401-006

Iowa Black Hawk County Waterloo 50701 Church Row

807 W 3rd St, Waterloo, IA

This home is located at 807 W 3rd St, Waterloo, IA 50701 and is currently priced at $136,500, approximately $144 per square foot. This property was built in 1896. 807 W 3rd St is a home located in Black Hawk County with nearby schools including Irving Elementary School, Central Middle School, and West High School.

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.

Northeast Iowa Regional Board of REALTORS® 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.

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