5

Gates Park Homes for Sale

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  • /22

    $79,000

    • 4 Beds
    • 2 Baths
    • 1,288 Sq Ft

    2227 E 4th St, Waterloo, IA 50703

    Affordable space, flexible living, and a convenient location combine in this 4-bedroom, 2-bath Waterloo, IA home. With over 1,288 square feet of finished living space plus a fully enclosed front porch, there's plenty of room to spread out both inside and out. The main floor features a spacious living room, dining area, and kitchen, along with a desirable main-floor bedroom suite addition complete

    Rachel Cheeney, Owner / Broker Pro Resource Realty

    2227 E 4th St, Waterloo, IA 50703
  • /9

    $89,500

    $5K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,189 Sq Ft

    736 Sherman Ave, Waterloo, IA 50703

    Charming and full of potential, this 2-bedroom, 1-bath home offers affordable and comfortable living with room to grow. The main level features a functional layout with inviting living space, two well-sized bedrooms, and a full bathroom. Natural light fills the home, creating a warm and welcoming atmosphere throughout. The unfinished basement provides excellent storage or the opportunity to

    Nicolas Moran Realty ONE Group Movement

    736 Sherman Ave, Waterloo, IA 50703
  • /19

    $90,000

    • 4 Beds
    • 1 Bath
    • 2,124 Sq Ft

    2207 E 4th St, Waterloo, IA 50703

    Spacious 4-Bedroom Home with Over 2,000 Sq Ft—Across from the Park! Welcome to this charming 4-bedroom, 1-bathroom home offering over 2,000 square feet of comfortable living space, perfectly located just steps from a scenic park. Inside, you'll find a spacious and flexible layout featuring a formal dining room—ideal for hosting family gatherings or dinner parties. The recently updated kitchen

    Justin Finn Four Seasons Realtors Inc

    2207 E 4th St, 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

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.

Gates Park Home Prices vs. Nearby Waterloo, IA Neighborhoods

Gates Park Common Grounds Neighbors for Life We Care
Median Home Price
$86,950
$69,950
$84,500
$98,875
Median Sale Price
$82,000
-20% YoY
$64,000
-13% YoY
$79,900
-16% YoY
$82,625
Median Single Family Price
$82,000
$66,500
$80,000
$82,625
Total Active Listings
5
6
3
0
Market Conditions
5 Months of Supply
Balanced Market
4 Months of Supply
Balanced Market
2 Months of Supply
Seller's Market
0 Months of Supply
Seller's Market

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. Gates Park has 3 parks for recreational activities. It is somewhat dense in population with 8.0 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 48% of residents renting and 52% 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 $86,950. If you put a 20% down payment of $17,400 and had a 30-year fixed mortgage with an interest rate of 6.55%, your estimated principal and interest payment would be $440 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $19K 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, 50701, 50702, 50707 and 50613.
What are the most popular neighborhoods near Gates Park, Waterloo, IA?
The most popular neighborhoods near Gates Park, Waterloo, IA are Riverfront, Gates Park, Roosevelt, Walnut and Unity.
Are home prices dropping in Gates Park?
Yes, home prices in Gates Park are down 6% in the last 12 months.
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