Investor opportunity! Welcome to this fantastic duplex nestled in the heart of Waterloo, awaiting your creative touch to restore its former glory! Downstairs unit is currently rented and ready to cash flow for you!
Multi-familyProperty Type
1907Year Built
8,400 sq ftLot Size
$35Est. Price/Sq.Ft.
1 car garageParking
Listed by Bethany Benner• Oakridge Real Estate
Bought with Jessica Kettleson• Century 21 Signature RE- Waverly
Handyman Special!! This property needs work, but for the right buyer it could be a great money maker! HUGE garage!
Year
Property tax
Land + Additions
Assessment*
2025
$1,274 (+4.3%)
$9,980 + $58,430
$68,410
2024
$1,222 (+36.4%)
$9,980 + $58,430
$68,410
2023
$896 (+3.0%)
$9,980 + $49,850
$59,830
2022
$870 (−29.7%)
$9,980 + $49,850
$59,830
2021
$1,238 (+1.6%)
$9,980 + $39,650
$49,630
2020
$1,218 (−0.8%)
$9,980 + $44,670
$54,650
2019
$1,228 (+0.8%)
$9,980 + $44,670
$54,650
2018
$1,218 (−3.0%)
$9,980 + $44,670
$54,650
2017
$1,256 (+1.3%)
$9,980 + $44,670
$54,650
2016
$1,240 (+0.8%)
$9,980 + $44,670
$54,650
2014
$1,230
$9,980 + $44,670
$54,650
Tax history for 1012 W 3rd St
Year
Property tax
Land + Additions
Assessment*
2025
$1,274 (+4.3%)
$9,980 + $58,430
$68,410
2024
$1,222 (+36.4%)
$9,980 + $58,430
$68,410
2023
$896 (+3.0%)
$9,980 + $49,850
$59,830
2022
$870 (−29.7%)
$9,980 + $49,850
$59,830
2021
$1,238 (+1.6%)
$9,980 + $39,650
$49,630
2020
$1,218 (−0.8%)
$9,980 + $44,670
$54,650
2019
$1,228 (+0.8%)
$9,980 + $44,670
$54,650
2018
$1,218 (−3.0%)
$9,980 + $44,670
$54,650
2017
$1,256 (+1.3%)
$9,980 + $44,670
$54,650
2016
$1,240 (+0.8%)
$9,980 + $44,670
$54,650
2014
$1,230
$9,980 + $44,670
$54,650
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
2.5
Stories
—
Lot width
70 ft.
Lot depth
120 ft.
Lot size
8,400 Sq. Ft.
Year renovated
—
Sq. Ft.
2,278
Year built
1907
Style
Multi-Family (2-4 Unit)
County
Black Hawk County
APN
891326326006
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 12, 2026.
R-4
Multiple Residence District
The R-4 District is intended to provide for areas of the community which are suitable for low, medium and high density residential uses and professional offices that are adjacent to residential, professional office or neighborhood commercial uses. Any outside storage of materials or equipment shall be limited and clearly incidental and accessory to the Principal Permitted Use, and shall not include the outside storage of junk or salvage material or similar debris. Outside storage of materials or equipment shall not be permitted in a front yard. This provision shall not restrict the outside storage of licensed and operable vehicles that are accessory and clearly incidental to the Principal Permitted Use.
Permitted uses
Include but are not limited to:
Community / recreation center
Day care facility
Hospital / medical center
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Office
Medical office
Property details
Parking
Parking/Garage Information
Parking Features: On Street, Garage, Gravel, Detached
Interior
Heating & Cooling
Has Cooling
Cooling: Ceiling Fan(s)
Has Heating
Heating: Natural Gas, Forced Air
Room Information
Laundry Features: Lower Level
Has Basement
Basement Details: Block
Unit Type 1 Information
# of Bedrooms: 2
# of Bathrooms: 1
Actual Rent: $750
Unit Type 2 Information
# of Bedrooms: 1
# of Bathrooms: 1
Actual Rent: $750
Exterior
Exterior Features
Roof: Asphalt
Building Information
Above Grade Finished Area: 1,175
Below Grade Finished Area: 1,103
Construction Materials: Aluminum Siding
Property Information
Property Type: Residential Income
Property Sub Type: Duplex
Raw Mls Property Sub Type: Duplex
Lot Information
Lot Size Dimensions: 70 x 120
Zoning Description: R-4
Financial
Tax Information
Tax Annual Amount: $1,196
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
Elementary School: Irving Elementary
Middle Or Junior School: Central
High School: West High
Public facts
Beds: 4
Baths: 2.5
Sq. Ft.: 2,278
Stories: —
Lot Size: 8,400 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1907
Year Renovated: —
County: Black Hawk County
APN: 891326326006
Home facts updated by county records on Aug 12, 2026
Around this home
Schools
Irving Elementary School
Public K-5 • Assigned • 0.3mi
5/10
Central Middle School
Public 6-8 • Assigned • 2.5mi
2/10
West High School
Public 9-12 • Assigned • 1.3mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 16 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Waterloo, IA • 50701
Average low and high temperatures (°F)
27
11
34
17
55
32
62
42
73
51
82
63
83
67
80
62
80
56
69
46
48
33
33
18
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.1 hours in
June and 4 hours in December, which is comparable to the
U.S. average for solar exposure.
10.1 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$76,000 – $92,000
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