2

Cedar River Multifamily Homes & Duplexes for Sale

Section Image
  • /35

    $799,900

    • 7,970 Sq Ft

    213-223 E 5th St, Waterloo, IA 50703

    27 units- 24 apartments 3 stoore fronts

    Mike Taylor Lockard Realty Company

    213-223 E 5th St, Waterloo, IA 50703
  • /5

    $270,000

    • 1,816 Sq Ft

    911 Lafayette St Unit 913, Waterloo, IA 50703

    Don’t miss this exceptional opportunity to own a fully occupied, income-producing fourplex, just minutes from downtown Waterloo’s vibrant shopping, dining, and amenities. Each of the four 2-bedroom, 1-bath units offers approximately 900 sq. ft. of living space. Significant capital improvements have already been completed, making this a strong investment option: Updated LVP flooring in multiple

    Brandie White Berkshire Hathaway Home Services One Realty Centre

    911 Lafayette St Unit 913, Waterloo, IA 50703

Why Live in Cedar River

Cedar River is a historic neighborhood on the banks of its namesake water source that was originally developed with summer cottages in the 1890s. The neighborhood is predominantly residential, with narrow sidewalks and grassy lawns, and is a half mile from downtown Waterloo. A walk through Cedar River offers reminders of this history — Victorian-style homes still sit atop trimmed green lawns — though light industry, social services and local businesses are now a part of the landscape. American Foursquares and Craftsman bungalows are also common housing styles. Many require a bit of investment and elbow grease before moving in, attracting investors. Downtown’s 4th Street offers popular dining and nightlife options, including the Screaming Eagle bar and grill, Morg’s retro diner and Newton’s Paradise Cafe. Cedar River itself has La Michoacana, a casual stop for Mexican staples that operates a market with a meat counter next door. All-In Grocers is nearby and not only operates a store, but also hosts a community center offering after-school programs. Lafayette Park is a short drive away with a playground, basketball and tennis courts, a paved walking and cycling path and open green space. Cedar Valley Lakes Trail travels through the neighborhood and connects it to the downtown area. Annual events often take place at Lincoln Park, a half mile from most homes. Downtown Waterloo has a full calendar of year-round events, including My Waterloo Days. The neighborhood is connected to downtown amenities and attractions via sidewalks and the 6th Street bridge, with bus routes serving the area.

Home Trends in Cedar River, IA

Housing Trends

Median Sale Price
$66,000
Median Single Family Sale Price
$432,950
Average Price Per Sq Ft
$70
Number of Homes for Sale
1
Last 12 months Home Sales
1
Months of Supply
12.00
Median List Price
$439,700
Median Change From 1st List Price
17%
Median Home Sale Price YoY Change
57%
How to Buy a Home How to Finance a Home How to Sell a Home