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Waterloo, IA Multifamily Homes & Duplexes for Sale

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  • /7

    $92,500

    • 1,452 Sq Ft

    1123 N Barclay St, Waterloo, IA 50703

    Great opportunity for this well locate duplex. Interior is ready for your personal completion and finish. Good basic shell.

    Ron Garris, CRB,CRS AWRE - Commercial & Development

    1123 N Barclay St, Waterloo, IA 50703
  • /18

    $100,000

    • 2 Beds
    • 1,068 Sq Ft

    1103 Jefferson St, Waterloo, IA 50702

    Turnkey triplex in Waterloo, Iowa – vacant and ready for tenants! Live in one unit and rent out the others. Separate electric and gas meters. Previously rented for $2,000/month when fully occupied. Opportunity for extra income with laundry

    Jared Hottle Berkshire Hathaway Home Services One Realty Centre

    1103 Jefferson St, Waterloo, IA 50702
  • /5

    $280,000

    • 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

    $139,000

    • 1,070 Sq Ft

    406-408 Gladys St, Waterloo, IA 50702

    Investor and home renovator opportunity here! This home is ready to reno! This home was previously a duplex and could still be, but is also in the process of being converted into a single family home. Newer Windows and doors, new siding, two new fuse boxes, and new electrical ran through half the house. Come take a look at a great project home! Sold AS-IS

    Justin Finn Four Seasons Realtors Inc

    406-408 Gladys St, Waterloo, IA 50702
  • /20

    $280,000

    • 1,154 Sq Ft

    1113 Rainbow Dr, Waterloo, IA 50701

    Great cash flow rental property located in quiet neighborhood in west Waterloo. TWO separate duplexes on the property create a combined gross rent of $2825 per month. The house is split into two units, a two bedroom on the first floor and a one bedroom on the upper floor. The newer duplex building situated in the back part of the property was constructed as a duplex and both units are one bed one

    Bond Shymansky Skogman Realty

    1113 Rainbow Dr, Waterloo, IA 50701
  • /11

    $80,000

    • 4 Beds
    • 2 Baths
    • 1,064 Sq Ft

    73 Lafayette St, Waterloo, IA 50703

    Duplex for sale. 2 bedroom, 1 bath units, very spacious and kept in great condition. Great investor property. Come check it out and you will be very satisfied.

    Abigail Matamoros Berkshire Hathaway Home Services One Realty Centre

    73 Lafayette St, Waterloo, IA 50703
  • /26

    $699,900

    • 4,368 Sq Ft

    1111 Langley Rd, Waterloo, IA 50702

    Great investment opportunity! Multiplex offering 12 units, one 1 bedroom and eleven 2 bedroom. Central location offering convenience to tenants. 10 detached garages and private parking spaces.

    Mike Taylor Lockard Realty Company

    1111 Langley Rd, Waterloo, IA 50702
  • /2

    $390,000

    • 2,552 Sq Ft

    211 Fereday Ct, Waterloo, IA 50701

    ATTENTION INVESTORS!! Come look at this traditional 8 plex. Tired of only seeing cobbled up conversions! This one is for you. Plenty of opportunity here to grow your business. Rents are consistently over $4600.00 per month. Currently $4750.00 plus any pet rents. 8 one bed one bath units. Most of them have been freshly painted in the last 12 months and some have new flooring and minor

    James Snider Premier Farm Realty Group

    211 Fereday Ct, Waterloo, IA 50701
  • /2

    $599,000

    • 11 Beds
    • 5 Baths
    • 3,021 Sq Ft

    618-620 W 3rd St, Waterloo, IA 50701

    Don’t miss the chance to own a fully operational 9-unit apartment complex —a strong indicator of consistent demand with full occupancy. This well-maintained property offers excellent ROI. Ideal for investors seeking stable cash flow and long-term value. Financials available by request.

    Brianna Weekley Realty ONE Group Movement

    618-620 W 3rd St, Waterloo, IA 50701

Why Live in Waterloo

Waterloo combines family entertainment and outdoor recreation with the Lost Island Waterpark and adjacent Theme Park providing summer thrills. The Cedar Valley Arboretum & Botanic Gardens creates peaceful spaces for nature walks, while the Cedar Valley Nature Trail system extends through the city for hiking and biking. Cultural attractions include the Grout Museum District, Sullivan Brothers Iowa Veterans Museum, and the Waterloo Center for the Arts. The dining scene features local institutions like The Brown Bottle, housed in the historic Russell Lamson Building since 1972, alongside casual spots such as SingleSpeed Brewing and El Patron Family Mexican Restaurant. The housing market presents diverse options across price points. The median sale price for homes in Waterloo is $164,000. Single family homes comprise most available properties, with median prices varying by neighborhood from $60,500 in Cityview to $140,600 in Maywood. The median townhome price sits at $97,400, while one bedroom condos have a median price of $83,900 and two bedroom condos $159,400. The cost of living in Waterloo stands 13.1% below the national average. A family with school age children needs approximately $92,000 annually to live comfortably, while renters require about $44,000. Property taxes in Black Hawk County run 1.53%, with a 6.94% combined sales tax rate. Monthly housing costs average $1,900 for families and $1,300 for renters. Groceries cost about 4% less than the national average. Waterloo Christian School serves multiple neighborhoods with AMinus ratings for its elementary through high school programs. Major employers include John Deere's manufacturing facility, UnityPoint Health, and Tyson Fresh Meats. The Metropolitan Transit Authority connects Waterloo to Cedar Falls, while the regional airport provides commercial flights. Downtown features historic architecture, shops, and the RiverLoop Amphitheatre along the Cedar River.

Home Trends in Waterloo, IA

Housing Trends

Median Sale Price
$274,900
Median Single Family Sale Price
$305,000
Median 2 Bedroom Sale Price
$374,500
Average Price Per Sq Ft
$202
Number of Homes for Sale
17
Last 12 months Home Sales
69
Months of Supply
3.00
Median List Price
$310,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-5%
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