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Downtown Waterloo Home for Sale

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    $100,000

    • 2 Beds
    • 1,068 Sq Ft

    1103 Jefferson St, Waterloo, IA 50702

    Turnkey triplex in Waterloo, Iowa – vacant and ready for tenants! Live in one unit and rent out the others. Separate electric and gas meters. Previously rented for $2,000/month when fully occupied. Opportunity for extra income with laundry

    Jared Hottle Berkshire Hathaway Home Services One Realty Centre

    1103 Jefferson St, Waterloo, IA 50702

Why Live in Downtown Waterloo

Downtown Waterloo, defined by the Cedar River, has seen significant revitalization efforts in recent years, attracting new businesses and residents. The area has benefited from over $130 million in private investment, with incentives for developers to build or rehabilitate properties. The neighborhood features a mix of historic homes, primarily Victorians, American Foursquares, and Craftsman styles, many of which are within walking distance of employers, restaurants, and entertainment venues. Dining options include The Brown Bottle, SingleSpeed Brewing, and Morg’s, while shopping needs are met by local markets like La Placita Mexican Store and Shwe Nyiko Market. Downtown Waterloo offers a variety of things to do, such as visiting the Waterloo Public Library, attending events at the Waterloo Center for the Arts, or enjoying public ice skating at the Young Arena. Outdoor enthusiasts can explore the Riverview Recreation Area and Rooff Park, or take advantage of the Cedar Valley Sportsplex’s facilities. The neighborhood hosts numerous events, including Cedar Valley Pridefest and Iowa Irish Fest. Despite a history of flooding, recent investments in flood prevention have mitigated risks. The area is safer than the national average, with low crime risk areas. While most residents rent, the riverfront area southeast of 6th Street offers single-family housing. The Cedar River and U.S. Route 218 provide easy access, though public transportation options are limited.

Frequently Asked Questions

Is Downtown Waterloo a good place to live?
Downtown Waterloo is a good place to live. Downtown Waterloo is considered somewhat walkable and very bikeable with some transit options. Downtown Waterloo has 5 parks for recreational activities. It is sparse in population with 2.1 people per acre and a median age of 42. The average household income is $67,202 which is below the national average. College graduates make up 32.2% of residents. A majority of residents in Downtown Waterloo are renters, with 56.6% of residents renting and 43.4% of residents owning their home. A local real estate agent serving Downtown Waterloo can help you decide if this neighborhood is the right one for you. Learn more on our Downtown Waterloo neighborhood guide.
Is Downtown Waterloo, IA a safe neighborhood?
Downtown Waterloo, IA is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Downtown Waterloo?
The median home price in Downtown Waterloo is $347,450. If you put a 20% down payment of $69,500 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,800 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $77K a year to afford the median home price in Downtown Waterloo. The average household income in Downtown Waterloo is $67K.
What are the best public schools in Downtown Waterloo?
The best public schools that serve Downtown Waterloo are:
What are the best private schools in Downtown Waterloo?
The best private schools that serve Downtown Waterloo are:
What are the most popular zip codes in Downtown Waterloo, Waterloo, IA?
The most popular zip codes in Downtown Waterloo, Waterloo, IA include 50702, 50703, 50701, 50707 and 50613.
What are the most popular neighborhoods near Downtown Waterloo, Waterloo, IA?
The most popular neighborhoods near Downtown Waterloo, Waterloo, IA are Does, Church Row, Northeast Side, Franklin Gateway and Liberty Park.

Home Trends in Downtown Waterloo, IA

Housing Trends

Median Sale Price
$338,950
Median Single Family Sale Price
$338,950
Average Price Per Sq Ft
$208
Number of Homes for Sale
0
Last 12 months Home Sales
2
Months of Supply
0.00
Median List Price
$347,450
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
36%
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