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Franklin Gateway Homes for Sale

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    $85,000

    • 4 Beds
    • 1.5 Baths
    • 1,632 Sq Ft

    69 Lafayette St, Waterloo, IA 50703

    Welcome to this spacious 4-bedroom home with a 5th non-conforming bedroom, offering a great opportunity for those looking to add personal touches and build equity over time. Featuring an open-concept layout, modern color palette, and a functional 1.5 bath design, this home is full of potential. Enjoy the inviting curb appeal with a modern exterior and a cozy front porch complete with a porch

    Alissa-Peyton Folken Century 21 Signature Real Estate - Cedar Falls

    69 Lafayette St, Waterloo, IA 50703
  • /11

    $80,000

    • 4 Beds
    • 2 Baths
    • 1,064 Sq Ft

    73 Lafayette St, Waterloo, IA 50703

    Duplex for sale. 2 bedroom, 1 bath units, very spacious and kept in great condition. Great investor property. Come check it out and you will be very satisfied.

    Abigail Matamoros Berkshire Hathaway Home Services One Realty Centre

    73 Lafayette St, Waterloo, IA 50703

Why Live in Franklin Gateway

Franklin Gateway in Waterloo offers a blend of affordability and convenience, making it an appealing choice for homebuyers seeking proximity to downtown amenities. The neighborhood is characterized by its walkability and extensive public transit options, including the Downtown Bus Station and Trailways BTW 1492 stop, facilitating easy commutes. Housing styles are diverse, featuring shotgun, four-square, Queen Anne, and Second Empire homes, primarily built in the early 1900s, with some newer constructions up to 2007. Despite limited yard space, residents often utilize their areas for outdoor activities. Franklin Gateway is home to All In Grocers, a multifaceted establishment that serves as a grocery store, community center, and restaurant, addressing the area's historical food desert status. The Salvation Army of Waterloo/Cedar Falls provides essential community services, including free lunches and a food pantry. Dining options are abundant, with Morg’s diner offering a nostalgic 60s experience. The neighborhood is adjacent to Riverfront Sports Park, featuring baseball diamonds, a skate park, and the Waterloo Riverfront Stadium, home to the minor league baseball team. While the area is vibrant, it experiences elevated noise levels due to its bustling streets. Nearby shopping includes Walmart, Target, and Menards, located about 4 miles south. Franklin Gateway presents a practical living option with its accessible home prices and community features.

Frequently Asked Questions

Is Franklin Gateway a good place to live?
Franklin Gateway is a good place to live. Franklin Gateway is considered somewhat walkable and very bikeable with some transit options. Franklin Gateway has 6 parks for recreational activities. It is fairly sparse in population with 4.8 people per acre and a median age of 35. The average household income is $26,796 which is below the national average. College graduates make up 11.6% of residents. A majority of residents in Franklin Gateway are renters, with 81.2% of residents renting and 18.8% of residents owning their home. A local real estate agent serving Franklin Gateway can help you decide if this neighborhood is the right one for you. Learn more on our Franklin Gateway neighborhood guide.
How much do you need to make to afford a house in Franklin Gateway?
The median home price in Franklin Gateway is $254,900. If you put a 20% down payment of $51,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,320 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $57K a year to afford the median home price in Franklin Gateway. The average household income in Franklin Gateway is $27K.
What are the best public schools in Franklin Gateway?
The best public schools that serve Franklin Gateway are:
  • West High School has a B- Niche grade, a student teacher ratio of 17:1 and an average review score of 3.5.
  • East High School has a C+ Niche grade, a student teacher ratio of 17:1 and an average review score of 3.5.
  • Irving Elementary School has a C Niche grade and a student teacher ratio of 13:1.
What are the best private schools in Franklin Gateway?
The best private schools that serve Franklin Gateway are:
What are the most popular zip codes in Franklin Gateway, Waterloo, IA?
The most popular zip codes in Franklin Gateway, Waterloo, IA include 50703, 50701, 50702, 50707 and 50613.
What are the most popular neighborhoods near Franklin Gateway, Waterloo, IA?
The most popular neighborhoods near Franklin Gateway, Waterloo, IA are Common Grounds, Church Row, Unity, Northeast Side and Riverfront.

Home Trends in Franklin Gateway, IA

Housing Trends

Median Sale Price
$250,000
Median Single Family Sale Price
$805,000
Median Townhouse Sale Price
$250,000
Average Price Per Sq Ft
$227
Number of Homes for Sale
1
Last 12 months Home Sales
4
Months of Supply
3.00
Median List Price
$254,900
Median Change From 1st List Price
2%
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