8

Gates Park Homes for Sale

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  • /9

    $69,999

    • 2 Beds
    • 1 Bath
    • 951 Sq Ft

    2727 E 4th St, Waterloo, IA 50703

    Investor Alert !!! 2 bedroom 1 bath home with huge potential. New roof added in 2024. Looking for a rental this could be the one. Located in a neighborhood with lots amenities. Walking distance from the newly built Gates Park & Golf Course definitely don't over this 1.

    Ken Draine Skogman Realty

    2727 E 4th St, Waterloo, IA 50703
  • /2

    $78,000

    • 2 Beds
    • 1 Bath
    • 1,056 Sq Ft

    127 Sherman Ave, Waterloo, IA 50703

    Presenting a versatile real estate opportunity, this charming single-family home offers immense potential for both savvy investors seeking a reliable income stream and first-time homebuyers looking for an accessible entry point into homeownership. Currently operating as a sound rental property with a consistent history, it can be seamlessly maintained as an investment to immediately generate

    Gordon Sorensen RE/MAX Concepts - Cedar Falls

    127 Sherman Ave, Waterloo, IA 50703
  • /16

    $73,900

    • 3 Beds
    • 1 Bath
    • 908 Sq Ft

    303 E Arlington St, Waterloo, IA 50703

    Welcome home to this charming three-bedroom, one-bath residence offering many recent updates and move-in ready convenience. This well-maintained home features a functional layout with comfortable living spaces, making it ideal for first-time homebuyers, downsizers, or investors. Conveniently located near schools, shopping, and local amenities, this home combines comfort, value, and location.

    Mike Taylor Lockard Realty Company

    303 E Arlington St, Waterloo, IA 50703
  • /9

    $64,900

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    617 Boston Ave, Waterloo, IA 50703

    Rented till July 2026. Updated floors.

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

    617 Boston Ave, Waterloo, IA 50703
  • /17

    $95,000

    • 2 Beds
    • 1 Bath
    • 1,382 Sq Ft

    626 Boston Ave, Waterloo, IA 50703

    Welcome to 626 Boston Ave — a well-kept, move-in ready home that offers plenty of space and potential at a great value. The main level features two bedrooms, a full bath, and hardwood floors throughout the living, dining, and bedroom areas. The kitchen includes stainless-steel appliances with original cabinetry and charm, offering both function and character.Downstairs, the partially finished

    Travis Ferguson KW Advantage

    626 Boston Ave, Waterloo, IA 50703
  • /2

    $45,000

    • 2 Beds
    • 1 Bath
    • 815 Sq Ft

    101 Ricker St, Waterloo, IA 50703

    This affordable 2-bedroom, 1-bath, home offers a great opportunity for a first-time homebuyer or investor. Previously used as a rental, the property provides a functional layout with plenty of potential to make it your own. A detached garage adds valuable storage and parking convenience. With its manageable size and price point, this home is an excellent option for those looking to build equity

    Mike Taylor Lockard Realty Company

    101 Ricker St, Waterloo, IA 50703
  • /2

    $40,000

    • 3 Beds
    • 1 Bath
    • 1,128 Sq Ft

    117 Sherman Ave, Waterloo, IA 50703

    This 3-bedroom, 1-bath home offers a great opportunity for investors or buyers ready to add their personal touch. Previously used as a rental and currently vacant, the property is ready for improvements and updates. Featuring enclosed porches that add extra usable space, this home has solid potential for renovation, rental income, or a future resale. Convenient layout with room to build equity,

    Mike Taylor Lockard Realty Company

    117 Sherman Ave, Waterloo, IA 50703
  • /2

    $80,000

    • 2 Beds
    • 1 Bath
    • 676 Sq Ft

    657 Sherman Ave, Waterloo, IA 50703

    Presenting a versatile real estate opportunity, this charming single-family home offers immense potential for both savvy investors seeking a reliable income stream and first-time homebuyers looking for an accessible entry point into homeownership. Currently operating as a sound rental property with a consistent history, it can be seamlessly maintained as an investment to immediately generate

    Gordon Sorensen RE/MAX Concepts - Cedar Falls

    657 Sherman Ave, Waterloo, IA 50703

Why Live in Gates Park

Gates Park in Waterloo is a neighborhood known for its affordability and convenience, located less than 2 miles from downtown. The area is undergoing significant development, with new apartment units, gyms and a Taco Bell all popping up. The neighborhood features modest-sized homes from the 1940s and 1950s. Gates Park is adjacent to Allen Hospital. U.S. Route 63 runs along the neighborhood, providing easy access to major manufacturers and downtown Waterloo, which is 1.5 miles away. The neighborhood is also served by bus lines 3 and 4. Renovations at Gates Park include transforming an old pool into a splash pad, playground, amphitheater, skating rink and soccer fields. In the meantime, Virden Creek Park and Sullivan Memorial Park offer playgrounds, basketball courts and baseball fields. Golf enthusiasts can enjoy the nearby Gates Park Golf Course and Red Carpet Golf Course. Local dining options include East China, D & K Hickory House and Flip’s, with downtown restaurants like Morg’s Diner. All-In Grocers, which opened in 2023, provides fresh produce and after-school programs. The annual Juneteenth celebration is a notable event, featuring a march, food vendors, live music and kids' activities.

Frequently Asked Questions

Is Gates Park a good place to live?
Gates Park is a good place to live. Gates Park is considered car-dependent and bikeable with minimal transit options. Gates Park has 3 parks for recreational activities. It is somewhat dense in population with 7.2 people per acre and a median age of 39. The average household income is $46,549 which is below the national average. College graduates make up 16.5% of residents. A majority of residents in Gates Park are home owners, with 47.6% of residents renting and 52.4% of residents owning their home. A local real estate agent serving Gates Park can help you decide if this neighborhood is the right one for you. Learn more on our Gates Park neighborhood guide.
Is Gates Park, IA a safe neighborhood?
Gates Park, IA is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Gates Park?
The median home price in Gates Park is $79,900. If you put a 20% down payment of $16,000 and had a 30-year fixed mortgage with an interest rate of 6%, your estimated principal and interest payment would be $380 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $16K a year to afford the median home price in Gates Park. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Gates Park is $47K.
What are the best public schools in Gates Park?
The best public schools that serve Gates Park are:
What are the best private schools in Gates Park?
The best private schools that serve Gates Park are:
What are the most popular zip codes in Gates Park, Waterloo, IA?
The most popular zip codes in Gates Park, Waterloo, IA include 50703, 50707, 50701, 50702 and 50613.
What are the most popular neighborhoods near Gates Park, Waterloo, IA?
The most popular neighborhoods near Gates Park, Waterloo, IA are Common Grounds, Good Shepherd, Riverfront, Unity and We Care.
Are home prices dropping in Gates Park?
Yes, home prices in Gates Park are down 8% in the last 12 months.

Home Trends in Gates Park, IA

Housing Trends

Median Sale Price
$80,000
Median Single Family Sale Price
$76,500
Average Price Per Sq Ft
$85
Number of Homes for Sale
8
Last 12 months Home Sales
7
Months of Supply
13.70
Median List Price
$79,900
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
-22%
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