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Investment - Homes for Sale in Waterloo, IA

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  • /25

    $71,900

    • 3 Beds
    • 1 Bath

    307 Center St, Waterloo, IA 50703

    This adorable 3 bed, 1 bath home is completely move-in ready. Whether you are a first-time homebuyer or looking for a solid investment property, 307 Center Street is truly ready for its next owner. This home features many new updates including brand new carpet, new flooring and fresh paint throughout. It’s the kind of home that just feels easy the minute you walk in. Call your favorite Realtor to

    Agent Photo

    Rick Bauer

    RE/MAX Concepts - Waterloo

    (319) 264-1952

    307 Center St, Waterloo, IA 50703
  • /20

    $1,650,000

    • 408 Sq Ft

    211 Madison St, Waterloo, IA 50703

    Discover a lucrative investment opportunity with this 32-unit property in Waterloo. Ideal for investors seeking a stable income stream, this well-maintained complex offers spacious two-bedroom, one-bathroom units with full basements. 32 Rental Units: Solid history of 95%+ occupancy Two-Bedroom, One-Bathroom Units: Comfortable and practical layouts. Full Basements: Additional storage space for

    Tyler Rasmussen EPM, Iowa

    211 Madison St, Waterloo, IA 50703
  • /8

    $49,500

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    1227 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.

    Mike Taylor Lockard Realty Company

    1227 W Mullan Ave, Waterloo, IA 50701
  • /7

    $480,116

    • Land
    • 2 Acres
    • $240,058 per Acre

    Lot 4 (Lot 11) Marnie Ave, Waterloo, IA 50701

    Centrally located in the Cedar Valley, backing up to Highway 63 with over 3,000 vehicles / day, this commercially zoned lot is perfect for your business or investment opportunity. Seller is willing to put together a build to suit package for an owner / operator or investor.

    Trev Adair Pinnacle Realty

    Lot 4 (Lot 11) Marnie Ave, Waterloo, IA 50701
  • /7

    $109,500

    • 3 Beds
    • 1.5 Baths
    • 1,330 Sq Ft

    725 Lincoln St, Waterloo, IA 50703

    This home offers 3bed 1.5 bath compleatly renovated.Great investment opportunity with major updates already completed. This property features a brand new roof, new water heater, new carpet and updated tile shower. Main floor Landry. This home also offers a specious double stall garage with additional parking space, making it ideal for tenants or homeowners needing extra space.

    Sifeta Junuzovic Berkshire Hathaway Home Services One Realty Centre

    725 Lincoln St, Waterloo, IA 50703
  • /4

    $49,500

    • 3 Beds
    • 1 Bath
    • 974 Sq Ft

    1002 Mobile St, Waterloo, IA 50703

    Welcome to this charming 3-bedroom, 1-bath home full of character and opportunity. Inside, you’ll find a comfortable layout with a formal dining room, spacious living areas, and plenty of storage to keep things organized. The home is equipped with a newer furnace and central AC, giving you comfort and peace of mind year-round. Step outside and you’ll love the generous yard, a great space for

    James Snider Premier Farm Realty Group

    1002 Mobile St, Waterloo, IA 50703
  • /2

    $20,000

    • Land
    • 0.15 Acre
    • $133,333 per Acre

    Lot 13, 14, 15 Gable St, Waterloo, IA 50703

    Three identical well-sized residential lots provide a great setting for building a beautiful home. With plenty of room for a house, garage, and outdoor space, these lots offer flexibility for a variety of home designs. Whether you're planning to build immediately or hold as an investment, this property presents potential. Three separate parcels.

    Brianna Weekley Realty ONE Group Movement

    Lot 13, 14, 15 Gable St, Waterloo, IA 50703
  • /8

    $49,500

    • 2 Beds
    • 1 Bath
    • 432 Sq Ft

    1223 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$700 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property.

    Mike Taylor Lockard Realty Company

    1223 W Mullan Ave, Waterloo, IA 50701
  • /2

    $65,000

    • 4 Beds
    • 2 Baths
    • 852 Sq Ft

    915 W 5th St, Waterloo, IA 50702

    Great investment property to add to your portfolio or a fun fix and flip. Motivated seller. Property being sold AS IS seller to make no repairs.

    Kelly Jo Fretto Pinnacle Realty

    915 W 5th St, Waterloo, IA 50702
  • /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
  • /7

    $49,500

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    1229 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.

    Mike Taylor Lockard Realty Company

    1229 W Mullan Ave, Waterloo, IA 50701
  • /8

    $70,000

    • 2 Beds
    • 1 Bath
    • 1,020 Sq Ft

    418 Oaklawn Ave, Waterloo, IA 50701

    Welcome home to this inviting 2-bedroom, 1-bath townhouse in Waterloo — offering comfort, convenience, and low-maintenance living in a great location. Step inside to a bright and functional main level featuring a spacious living area perfect for relaxing or entertaining. The adjoining kitchen offers ample cabinet space and a practical layout that makes everyday living easy. Upstairs, you’ll find

    Chase Lyons Oakridge Real Estate

    418 Oaklawn Ave, Waterloo, IA 50701
  • /8

    $49,500

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    1235 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.

    Mike Taylor Lockard Realty Company

    1235 W Mullan Ave, Waterloo, IA 50701
  • /10

    $40,000

    • 2,628 Sq Ft

    64 Franklin St, Waterloo, IA 50703

    Calling all investors and visionaries! This prime multi-unit property located at 60, 62, 64 Franklin St in Waterloo is now available for sale at $40,000. Situated in a convenient and established area, this triplex offers a unique opportunity for redevelopment or future improvement. With strong potential for those looking to add value, reimagine the space, or pursue a long-term investment

    Selvedina Nuhanovic Vine Valley Real Estate

    64 Franklin St, 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
  • /12

    $1,800,000

    • 4,357 Sq Ft

    611 Johnson St, Waterloo, IA 50702

    This is the kind of asset every investor is looking for—24 fully occupied, low-maintenance units in a prime Waterloo location. Located at 611 & 619 Johnson Avenue, this multifamily package features two 12-unit buildings, each comprised entirely of 2 bed / 1 bath units with in-unit laundry—a key amenity that drives tenant demand and reduces turnover. Each unit is individually metered, with tenants

    Tyler Rasmussen EPM, Iowa

    611 Johnson St, Waterloo, IA 50702
  • /6

    $85,000

    • Land
    • 0.92 Acre
    • $92,391 per Acre

    Lots Lakeside St, Waterloo, IA 50703

    Great development opportunity! 0.92 acres available in Waterloo neighborhood. Site can be split to create up to 6 single family lots. Ideal investment opportunity! Listing agent is partial owner of subject property.

    Chris Fischels Fischels Commercial Group

    Lots Lakeside St, Waterloo, IA 50703
  • /10

    $159,000

    • 912 Sq Ft

    1129 South St, Waterloo, IA 50702

    Investor Alert! 1129 South St, Waterloo, IA 50702 Turnkey income opportunity with recent updates throughout! This duplex-style property offers two self-contained units ready to rent or occupy. The main-level unit features 1 bedroom, 1 bath, and a full kitchen, while the upper unit includes 2 bedrooms, 1 bath, a spacious living room, and a full kitchen — perfect for maximizing returns or house

    Justin Finn Four Seasons Realtors Inc

    1129 South St, Waterloo, IA 50702
  • /8

    $49,500

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    1237 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.

    Mike Taylor Lockard Realty Company

    1237 W Mullan Ave, Waterloo, IA 50701
  • /10

    $109,900

    • 2 Beds
    • 1 Bath
    • 762 Sq Ft

    422 Hartman Ave, Waterloo, IA 50701

    16k price reduction for quick sale! Are you looking to own a quality home, downsize or possibly add an investment property to your portfolio? This ranch home could be the one. Updates throughout. Plenty of options in the open lower level for choices, including stubbed plumbing for a bath, family room, non-conforming bedroom area and many other options. Electrical panel is 100-amp breakers.

    Douglas Bonwell, ABR,CRS RE/MAX Concepts - Cedar Falls

    422 Hartman Ave, Waterloo, IA 50701
  • /2

    $88,000

    • 2 Beds
    • 1 Bath
    • 936 Sq Ft

    523 Cutler St, 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

    523 Cutler St, Waterloo, IA 50703
  • /12

    $184,999

    • 2 Beds
    • 1 Bath
    • 1,542 Sq Ft

    918 W 4th St, Waterloo, IA 50702

    Don't miss out on this excellent investment opportunity in Waterloo! This unique property includes three parcels totaling 0.47 acres, offering both immediate income and long-term potential. Two fully occupied rental units with separate entrances generating steady income: Unit 1: $700/month and Unit 2: $825/month. Recently built a 2-stall garage with garage door openers. Includes an additional

    Brandie White Berkshire Hathaway Home Services One Realty Centre

    918 W 4th St, Waterloo, IA 50702
  • /5

    $270,000

    • 1,816 Sq Ft

    911 Lafayette St Unit 913, Waterloo, IA 50703

    Don’t miss this exceptional opportunity to own a fully occupied, income-producing fourplex, just minutes from downtown Waterloo’s vibrant shopping, dining, and amenities. Each of the four 2-bedroom, 1-bath units offers approximately 900 sq. ft. of living space. Significant capital improvements have already been completed, making this a strong investment option: Updated LVP flooring in multiple

    Brandie White Berkshire Hathaway Home Services One Realty Centre

    911 Lafayette St Unit 913, Waterloo, IA 50703
  • /2

    $73,000

    • 2 Beds
    • 1 Bath
    • 1,120 Sq Ft

    520 Linden 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

    520 Linden 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
  • /8

    $49,500

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    1231 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.

    Mike Taylor Lockard Realty Company

    1231 W Mullan Ave, Waterloo, IA 50701
  • /12

    $142,500

    • 1,728 Sq Ft

    1103-1107 Logan Ave, Waterloo, IA 50703

    Great investment opportunity in a ranch style duplex! Two bedroom, one bathroom, living room, kitchen, 12x14 concrete patio each unit. Nice corner lot location in a quiet neighborhood. 1103 rent is $660/month 1107 rent is $675/month, both section 8 tenants. Would make for a great investment! Schedule your showing today!

    Ron Garris, CRB,CRS AWRE - Commercial & Development

    1103-1107 Logan Ave, Waterloo, IA 50703
  • /7

    $49,500

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    1225 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.

    Mike Taylor Lockard Realty Company

    1225 W Mullan Ave, Waterloo, IA 50701
  • /12

    $139,500

    • 3 Beds
    • 2 Baths
    • 1,488 Sq Ft

    1414 Maxine Ave, Waterloo, IA 50701

    Charming Waterloo Bungalow: Investor and Renovation Opportunity. First Time on the Market Since 1983. This is a rare opportunity to own a home in a quiet, non-HOA Waterloo community. On the market for the first time since 1983, this property is perfect for investors or renovation enthusiasts looking for their next project. Home Features: · Three bedrooms with original wood floors · 1.25 bathrooms

    Jeffrey Hagel Jeff Hagel Real Estate

    1414 Maxine Ave, Waterloo, IA 50701
  • /8

    $49,500

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    1233 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.

    Mike Taylor Lockard Realty Company

    1233 W Mullan Ave, Waterloo, IA 50701
  • /28

    $119,000

    • 3 Beds
    • 1 Bath
    • 1,053 Sq Ft

    516 Cutler St, Waterloo, IA 50703

    Simple, charming, and completely move-in ready! This well-maintained home offers the perfect blend of comfort, functionality, and major updates that give peace of mind. The main floor features two bedrooms, a cozy living room filled with natural light, a dining room, and your kitchen. Upstairs, you’ll find a spacious third bedroom ideal for a private primary bedroom, play room or home office. The

    Laurie Lynch Oakridge Real Estate

    516 Cutler St, Waterloo, IA 50703
  • /24

    $229,900

    • 1,536 Sq Ft

    304 Julie Ct Unit 306, Waterloo, IA 50702

    Rare opportunity to own a cash-flowing duplex in the heart of the Waterloo metro area. This well-maintained, investor-ready property features private entrances for each unit, along with two separate one-stall garages. Each unit also includes its own private basement space, offering added storage and functionality. Utilities are fully separated, with tenants responsible for their own expenses,

    Gary Doerrfeld Realty87

    304 Julie Ct Unit 306, Waterloo, IA 50702

Home Trends in Waterloo, IA

Housing Trends

Median Sale Price
$135,700
Median Single Family Sale Price
$132,000
Median Townhouse Sale Price
$49,500
Median 2 Bedroom Sale Price
$156,750
Median 1 Bedroom Sale Price
$77,500
Average Price Per Sq Ft
$140
Number of Homes for Sale
89
Last 12 months Home Sales
448
Months of Supply
2.40
Median List Price
$139,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
5%
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