OFF MARKET

Off Market May 2024 for $385K

—

Est. refi paymentEst. refi $2,145/mo

—

•

— ba

•

864

sq ft

112-126 Locust St, Waterloo, IA 50701

About this home

Row of 8 townhouses each boasting 864 square feet of space offering two bedrooms, one bathroom, and a full basement. This property is an excellent investment opportunity, featuring updated windows, central air conditioning units, furnaces, and electrical services. A durable 100-year metal roof has been recently installed. Tenants are responsible for all utility expenses. Additionally, these units have been transformed into condos, offering the flexibility to be sold individually.

Multi-familyProperty Type

1949Year Built

0.4 acresLot Size

$446Price/Sq.Ft.

Listed by Phillip Shirk • AWRE-Commercial & Development

Bought with • Structure Real Estate

Redfin checked: a minute ago

•Source:NEIRBR as distributed by MLS GRID #20240656

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 50701, IA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.6%

0.1% MoM

Median sale price

$220K

$12K MoM

Avg. days on market

5 days MoM

Recently sold homes

122

2 MoM

New listings for sale

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3 beds2 baths1,792 sq ft
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3 beds1 bath1,700 sq ft
115 Carolina Ave, Waterloo, IA 50701
OPEN TODAY, 12PM TO 1PM
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3 beds1 bath864 sq ft
1740 Corning Ave, Waterloo, IA 50701
OPEN TODAY, 1PM TO 2PM
$254,900
3 beds2.5 baths2,057 sq ft
101 Belleview Rd, Waterloo, IA 50701
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418 Oaklawn Ave, Waterloo, IA 50701
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Provided by Redfin

Sale history for 112-126 Locust St

Date

Event

Price

NEIRBR as distributed by MLS GRID #20240656

May 28, 2024

Sold

$385,000

$446/sq ft

Apr 15, 2024

Pending

—

Mar 22, 2024

Price Changed

$415,000

$480/sq ft

Feb 23, 2024

Listed

$425,000

$492/sq ft

RENT. #1

Jul 28, 2022

Price Changed

$665

$1/sq ft

NEIRBR as distributed by MLS GRID #20222487

Aug 12, 2022

Sold

$390,000

$451/sq ft

Jun 7, 2022

Listed

$400,000

$463/sq ft

Row of 8 townhouses for sale. Each unit is 864 SF and contains two bedrooms, one bathroom, and a full basement. Solid investment property with a ton of capital improvements completed. All windows, central a/c's, furnace's, and electrical service's have been updated. A 100 year metal roof was also installed approximately 10 years ago. Tenants are responsible for all utilities. Units have been converted to condos and can be sold individually. Rent has not been raised in several years. Owner is a licensed broker in Iowa.

Public Records

Nov 18, 2013

Sold

$300,000

$347/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$790 (+8.5%)

$2,900 + $39,390

$42,290

2024

$728 (+22.6%)

$2,900 + $39,390

$42,290

2023

$594 (+2.8%)

$2,900 + $33,550

$36,450

2022

$578 (−14.2%)

$2,900 + $33,550

$36,450

2021

$674 (+1.8%)

$2,900 + $24,140

$27,040

2020

$662 (−0.9%)

$2,900 + $26,820

$29,720

2019

$668 (+0.9%)

$2,900 + $26,820

$29,720

2018

$662 (−2.9%)

$2,900 + $26,820

$29,720

2017

$682 (+1.2%)

$2,900 + $26,820

$29,720

2016

$674 (+0.6%)

$2,900 + $26,820

$29,720

2014

$670

$2,900 + $26,820

$29,720

Tax history for 112-126 Locust St

Year

Property tax

Land + Additions

Assessment*

2025

$790 (+8.5%)

$2,900 + $39,390

$42,290

2024

$728 (+22.6%)

$2,900 + $39,390

$42,290

2023

$594 (+2.8%)

$2,900 + $33,550

$36,450

2022

$578 (−14.2%)

$2,900 + $33,550

$36,450

2021

$674 (+1.8%)

$2,900 + $24,140

$27,040

2020

$662 (−0.9%)

$2,900 + $26,820

$29,720

2019

$668 (+0.9%)

$2,900 + $26,820

$29,720

2018

$662 (−2.9%)

$2,900 + $26,820

$29,720

2017

$682 (+1.2%)

$2,900 + $26,820

$29,720

2016

$674 (+0.6%)

$2,900 + $26,820

$29,720

2014

$670

$2,900 + $26,820

$29,720

*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

Baths

Stories

—

Lot width

22 ft.

Lot depth

100 ft.

Lot size

2,200 Sq. Ft.

Year renovated

—

Sq. Ft.

864

Year built

1949

Style

Townhouse

County

Black Hawk County

APN

891326160026

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 12, 2026.

R-3

Multiple Residence District

The R-3 District is intended to provide for areas of the community which are suitable for low, medium and high density residential uses 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-Student
Infrastructure
Public service
Park & open space

Property details

Parking

Parking/Garage Information
Parking Features: Paved, None

Interior

Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Natural Gas

Room Information
Laundry Features: Lower Level, Washer Hookup
Has Basement
Basement Details: Block

Exterior

Exterior Features
Roof: Metal

Building Information
Above Grade Finished Area: 432
Below Grade Finished Area: 432

Property Information
Property Type: Residential Income
Raw Mls Property Sub Type: Multi-Family 5+

Lot Information
Lot Size Dimensions: 156 x 140
Zoning Description: R-3

Financial

Tax Information
Tax Annual Amount: $4,775

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer

Location

Schools Information
Elementary School: Irving Elementary
Middle Or Junior School: Central
High School: East High

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 864
Stories: —
Lot Size: 2,200 square feet
Style: Townhouse
Year Built: 1949
Year Renovated: —
County: Black Hawk County
APN: 891326160026

Home facts updated by county records on Aug 12, 2026

Around this home

Schools

Irving Elementary School

Public K-5 • Assigned • 0.4mi

5/10

Central Middle School

Public 6-8 • Assigned • 2.4mi

2/10

West High School

Public 9-12 • Assigned • 1.5mi

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)

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

Sell confidently with a local market expert in Waterloo. 3 minutes to get started.

Nearby similar homes

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— beds— baths— sq ft

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New listings for sale in 50701

3D WALKTHROUGH

$175,000

2 beds2 baths1,297 sq ft

4222 Kris Line Dr, Waterloo, IA 50701

$254,900

3 beds2 baths1,792 sq ft

1241 Ingersoll Rd, Waterloo, IA 50701

$197,000

3 beds1 bath1,700 sq ft

115 Carolina Ave, Waterloo, IA 50701

OPEN TODAY, 12PM TO 1PM

$174,900

3 beds1 bath864 sq ft

1740 Corning Ave, Waterloo, IA 50701

OPEN TODAY, 1PM TO 2PM

$254,900

3 beds2.5 baths2,057 sq ft

101 Belleview Rd, Waterloo, IA 50701

$50,000

2 beds1 bath1,020 sq ft

418 Oaklawn Ave, Waterloo, IA 50701

OPEN TODAY, 1:15PM TO 2:15PM

$414,900

4 beds3 baths2,478 sq ft

104 Cathy Jean Ct, Waterloo, IA 50701

$259,000

2 beds1.5 baths1,333 sq ft

160 Norfolk Rd, Waterloo, IA 50701

VIDEO TOUR

$193,000

3 beds1 bath1,374 sq ft

1019 Fleur Dr Dr, Waterloo, IA 50701

Home values near 112-126 Locust St

Data from public records.

Address	Redfin Estimate
104 Locust Street, Waterloo, IA 3 Beds \| 2 Baths \| 1720 Sq. Ft.	$109,418
122 Locust Street, Waterloo, IA 2 Beds \| 1 Baths \| 864 Sq. Ft.	$90,508

Address	Redfin Estimate
118 Locust Street, Waterloo, IA 2 Beds \| 1 Baths \| 864 Sq. Ft.	$92,078
119 Locust Street, Waterloo, IA 3 Beds \| 1 Baths \| 1376 Sq. Ft.	$142,103

Address	Redfin Estimate
110 Locust Street, Waterloo, IA 3 Beds \| 1 Baths \| 1792 Sq. Ft.	$24,976
106 Locust Street, Waterloo, IA 3 Beds \| 1 Baths \| 1230 Sq. Ft.	$105,559

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 50701, IA

Sale history for 112-126 Locust St

Tax history for 112-126 Locust St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 50701

Home values near 112-126 Locust St

More real estate resources