3

Gates Park Homes for Sale

Section Image
  • 2207 E 4th St, Waterloo, IA 50703
    2207 E 4th St, Waterloo, IA 50703
    2207 E 4th St, 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

    2207 E 4th St, Waterloo, IA 50703
  • 101 Ricker St, Waterloo, IA 50703
    101 Ricker 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
  • 117 Sherman Ave, Waterloo, IA 50703
    117 Sherman Ave, 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
Iowa Black Hawk County Waterloo

Real Estate & Homes for Sale in Gates Park, Waterloo

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.
Learn more about living in Gates Park

Gates Park, Waterloo, IA Home Prices vs. Nearby Neighborhoods

Gates Park Common Grounds Neighbors for Life We Care
Median Home Price
$86,950
$69,950
$87,950
$98,875
Median Sale Price
$82,000
-20% YoY
$64,000
-13% YoY
$83,500
-16% YoY
$66,500
% YoY
Median Single Family Price
$82,000
$64,000
$82,000
$82,625
Total Active Listings
3 listings
4 listings
2 listings
1 listing
Market Conditions
3 Months of Supply
Seller's Market
2 Months of Supply
Seller's Market
1 Month of Supply
Seller's Market
2 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.
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 6.71%, your estimated principal and interest payment would be $450 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, We Care, Roosevelt, Walnut and Church Row.
Are home prices dropping in Gates Park?
Yes, home prices in Gates Park are down 10% in the last 12 months.
How to Buy a Home How to Finance a Home How to Sell a Home

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group