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Investment - Homes for Sale in Waterloo, IA

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  • /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
  • /7

    $49,900

    • 2 Beds
    • 1 Bath
    • 1,421 Sq Ft

    400 Elm St, Waterloo, IA 50703

    Welcome to this affordable and well-located 3-bedroom, 1-bathroom home, offering comfort, convenience, and excellent potential for both owner-occupants and investors alike. Situated in a central location close to schools, parks, shopping, and major routes, this property delivers everyday ease at a price that’s hard to find. Whether you’re looking for a budget-friendly home or a reliable

    Mike Taylor Lockard Realty Company

    400 Elm St, Waterloo, IA 50703
  • /28

    $107,000

    • 3 Beds
    • 1 Bath
    • 1,248 Sq Ft

    610 Baltimore St, Waterloo, IA 50702

    Affordable and Convenient Living in Waterloo! This 3 bedroom, 1 bath two-story home is ready for its next owner! This property offers great potential with just over 1200 finished square feet of living space. The large front porch is perfect to sit and enjoy the late summer breeze, while out back you’ll find a lovely smaller back deck and a semi fenced in back yard, perfect gathering. The location

    Valerie Kolpek Oakridge Real Estate

    610 Baltimore St, Waterloo, IA 50702
  • /4

    $89,500

    • 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
  • /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
  • /15

    $69,900

    • 2 Beds
    • 1 Bath
    • 848 Sq Ft

    1036 Columbia St, Waterloo, IA 50703

    Welcome to 1036 Columbia Street — a great opportunity for homeownership or investment! This two-bedroom, one-bath home offers comfortable living with a practical layout and a cozy feel. Whether you're a first-time homebuyer ready to make it your own, or an investor looking for a solid rental property, this home checks all the boxes. Conveniently located near local amenities, 1036 Columbia Street

    Edita Begic Vine Valley Real Estate

    1036 Columbia St, Waterloo, IA 50703
  • /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
  • /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
  • /17

    $274,000

    • 3 Beds
    • 2 Baths
    • 1,392 Sq Ft

    131 Axlewood Dr, Waterloo, IA 50701

    Welcome to Waterloo’s newest neighborhood—where history meets modern living. Nestled on the former site of Edison Elementary School, this vibrant community offers the perfect blend of charm and contemporary design. This brand-new home showcases the thoughtfully designed Easton floor plan, featuring three spacious bedrooms, two bathrooms, and an unfinished lower level brimming with possibilities.

    Emsad Begic Vine Valley Real Estate

    131 Axlewood Dr, Waterloo, IA 50701
  • /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
  • /15

    $70,000

    • 3 Beds
    • 1 Bath
    • 1,149 Sq Ft

    413 Conger St, Waterloo, IA 50703

    Check out this affordable 3-bedroom home in Waterloo with excellent investment potential. Previously used as a rental property, this home generated $950 per month in rental income. Whether you’re looking to expand your rental portfolio or purchase an affordable place to call home, this property offers a great opportunity. Schedule your showing today and explore the possibilities.

    Tyler Bice Structure Real Estate

    413 Conger St, Waterloo, IA 50703
  • /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

    $169,000

    • 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

    $125,900

    • 2 Beds
    • 1 Bath
    • 762 Sq Ft

    422 Hartman Ave, Waterloo, IA 50701

    Are you looking to own a home, downsize or possibly buy an investment. 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 in place. Electrical panel is 100-amp breakers.

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

    422 Hartman Ave, Waterloo, IA 50701
  • /4

    $60,000

    • 2 Beds
    • 1 Bath
    • 520 Sq Ft

    1820 Falls Ave, Waterloo, IA 50701

    Welcome to this affordable and well-located 2-bedroom, 1-bathroom home, offering comfort, convenience, and excellent potential for both owner-occupants and investors alike. Situated in a central location close to schools, parks, shopping, and major routes, this property delivers everyday ease at a price that’s hard to find. Whether you’re looking for a budget-friendly home or a reliable

    Mike Taylor Lockard Realty Company

    1820 Falls 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

    $189,999

    • 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
  • /11

    $59,900

    • 2 Beds
    • 1 Bath
    • 651 Sq Ft

    627 Downing Ave, Waterloo, IA 50701

    Welcome to this affordable and well-located 2-bedroom, 1-bathroom home, offering comfort, convenience, and excellent potential for both owner-occupants and investors alike. Situated in a central location close to schools, parks, shopping, and major routes, this property delivers everyday ease at a price that’s hard to find. Whether you’re looking for a budget-friendly home or a reliable

    Mike Taylor Lockard Realty Company

    627 Downing Ave, Waterloo, IA 50701
  • /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
  • /13

    $107,900

    • 2 Beds
    • 2 Baths
    • 946 Sq Ft

    1727 Forest Ave, Waterloo, IA 50702

    Welcome to this charming three-bedroom, one-bath home, where potential meets opportunity! This cozy abode boasts a spacious layout, perfect for creating your own personal oasis. Basement has egress window. The two-car garage provides ample storage space or room for your hobbies. Inside, you'll find a warm living area filled with natural light, ready for your creative touch. The bedrooms each with

    Brian Wingert Structure Real Estate

    1727 Forest Ave, Waterloo, IA 50702
  • /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
  • /2

    $39,900

    • 3 Beds
    • 1 Bath
    • 1,518 Sq Ft

    1116 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable and well-located 3-bedroom, 1-bathroom home, offering comfort, convenience, and excellent potential for both owner-occupants and investors alike. Situated in a central location close to schools, parks, shopping, and major routes, this property delivers everyday ease at a price that’s hard to find. Whether you’re looking for a budget-friendly home or a reliable

    Mike Taylor Lockard Realty Company

    1116 W Mullan 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
  • /2

    $89,900

    • 2 Beds
    • 1 Bath
    • 786 Sq Ft

    2527 Randolph St, Waterloo, IA 50702

    Welcome home to this charming two-bedroom, one-bath residence. 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. Whether you’re looking for a place to call home or a solid

    Mike Taylor Lockard Realty Company

    2527 Randolph St, Waterloo, IA 50702
  • /11

    $120,000

    • 18 Beds
    • 5 Baths
    • 694 Sq Ft

    701 W 7th St, Waterloo, IA 50702

    This charming 6-unit apartment building is located in the heart of Waterloo, IA, just minutes from downtown amenities. Built in 1904, the property spans 2 floors and offers a solid investment opportunity for rental income. Each unit features functional layouts suitable for tenants, and the building sits on a 0.15-acre lot. Perfect for investors looking to expand their multi-family portfolio in a

    Kurt Clements ListWithFreedom.com

    701 W 7th St, Waterloo, IA 50702

Home Trends in Waterloo, IA

Housing Trends

Median Sale Price
$136,750
Median Single Family Sale Price
$133,000
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
$143
Number of Homes for Sale
122
Last 12 months Home Sales
422
Months of Supply
3.50
Median List Price
$139,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
5%
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