OFF MARKET

Off Market Jan 2017 for $450K

—

Est. refi paymentEst. refi $7,015/mo

—

•

— ba

•

14,400

sq ft

1121-1147 Oleson Rd, Waterloo, IA 50702

About this home

Phenomenal Investor Opportunity! Come check out this awesome opportunity to invest in multi-unit rentals! This package includes four buildings, each with two units, for a total of 8 rental units. All units are side-by-side, and have a similar set-up. As you enter, you are greeted with a living room with great windows. The kitchen is right off the living space, and features an eat-in dining area, which has a convenient door access to the rear yard. You’ll find two great bedrooms, that offer great closet space, and a full bathroom on the main level. The lower level has tons of potential to be finished off, as it offers great space. The rear exterior of the units has parking spots, but also the potential to add garages. These units are currently rented out & 1 is vacant. One is rented at $610, one at $640, and the rest are $650. They are conveniently located, close to shopping, parks and schools! Don’t miss out on your opportunity to invest in these great units!

Multi-familyProperty Type

1980Year Built

0.79 acresLot Size

$31Price/Sq.Ft.

Listed by Amy Wienands • AWRE, EXP Realty, LLC

Bought with Phillip Shirk • AWRE, EXP Realty, LLC

Redfin checked: 2 minutes ago

•Source:NEIRBR as distributed by MLS GRID #20166602

Redfin Estimate

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

Market trends in 50702, IA

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.7%

0.7% MoM

Median sale price

$190K

$43 MoM

Avg. days on market

1 days MoM

Recently sold homes

3 MoM

New listings for sale

NEW 9 HRS AGO
$149,000
3 beds1.5 baths1,940 sq ft
317 Hammond Ave, Waterloo, IA 50702
NEW 11 HRS AGO
$109,900
3 beds1 bath740 sq ft
1012 W 6th St St, Waterloo, IA 50702
NEW 30 HRS AGO
$229,000
4 beds1 bath1,896 sq ft
501 Park Ln, Waterloo, IA 50702
NEW 33 HRS AGO
$135,000
2 beds1 bath796 sq ft
1821 E Ridgeway Ave, Waterloo, IA 50702
OPEN SUN, 1PM TO 2PM
$185,000
3 beds1 bath1,032 sq ft
1103 Wisner Dr, Waterloo, IA 50702
$189,900
4 beds1.5 baths1,850 sq ft
1420 E Mitchell Ave, Waterloo, IA 50702
OPEN SUN, 1PM TO 2PM
$230,000
3 beds2 baths1,586 sq ft
1912 Bourland Ave, Waterloo, IA 50702
$295,000
3 beds2 baths1,540 sq ft
3007 W 9th St, Waterloo, IA 50702
$149,900
3 beds1.5 baths1,456 sq ft
835 Dena St. St, Waterloo, IA 50702
FOR SALE BY OWNER
$129,900
2 beds1 bath1,239 sq ft
155 E San Marnan Dr, Waterloo, IA 50702
See all

Provided by Redfin

Sale history for 1121-1147 Oleson Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,588 (+8.5%)

$23,940 + $192,660

$216,600

2024

$4,228 (+24.1%)

$23,940 + $192,660

$216,600

2023

$3,406 (+2.7%)

$23,940 + $187,550

$211,490

2022

$3,316 (+2.1%)

$23,940 + $187,550

$211,490

2021

$3,248 (−2.1%)

$23,940 + $131,160

$155,100

2020

$3,317 (+2.1%)

$18,810 + $124,610

$143,420

2019

$3,249 (−3.1%)

$18,810 + $124,610

$143,420

2018

$3,354 (+1.2%)

$18,810 + $124,610

$143,420

2017

$3,314 (+1.2%)

$18,810 + $124,610

$143,420

2016

$3,274 (+0.7%)

$18,810 + $125,520

$144,330

2014

$3,250

$18,810 + $125,520

$144,330

Tax history for 1121-1147 Oleson Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,588 (+8.5%)

$23,940 + $192,660

$216,600

2024

$4,228 (+24.1%)

$23,940 + $192,660

$216,600

2023

$3,406 (+2.7%)

$23,940 + $187,550

$211,490

2022

$3,316 (+2.1%)

$23,940 + $187,550

$211,490

2021

$3,248 (−2.1%)

$23,940 + $131,160

$155,100

2020

$3,317 (+2.1%)

$18,810 + $124,610

$143,420

2019

$3,249 (−3.1%)

$18,810 + $124,610

$143,420

2018

$3,354 (+1.2%)

$18,810 + $124,610

$143,420

2017

$3,314 (+1.2%)

$18,810 + $124,610

$143,420

2016

$3,274 (+0.7%)

$18,810 + $125,520

$144,330

2014

$3,250

$18,810 + $125,520

$144,330

*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

2.5

Stories

—

Lot width

72 ft.

Lot depth

120 ft.

Lot size

8,640 Sq. Ft.

Year renovated

—

Sq. Ft.

1,800

Year built

1980

Style

Multi-Family (2-4 Unit)

County

Black Hawk County

APN

881302101028

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 12, 2026.

R-2

One and Two Family Residence District

The R-2 District is intended to provide for areas of the community which are suitable for low 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
Housing-Single unit
Housing-Multiple units
Infrastructure
Public service
Educational/school
Recreation
Golf related
Cemetery
Park & open space

Property details

Parking

Parking/Garage Information
Parking Features: None, On Street

Interior

Virtual Tour

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

Room Information
Laundry Features: Washer Hookup
Has Basement
Basement Details: Concrete

Exterior

Exterior Features
Roof: Asphalt

Building Information
Above Grade Finished Area: 7,200
Below Grade Finished Area: 7,200
Construction Materials: Vinyl Siding

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

Lot Information
Lot Size Dimensions: 288 x 120
Lot Size Acres: 0.792
Zoning Description: R-2

Financial

Tax Information
Tax Annual Amount: $13,096

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer

Location

Schools Information
Elementary School: Kittrell Elementary
Middle Or Junior School: Hoover Intermediate
High School: West High

Public facts

Beds: 4
Baths: 2.5
Sq. Ft.: 1,800
Stories: —
Lot Size: 8,640 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1980
Year Renovated: —
County: Black Hawk County
APN: 881302101028

Home facts updated by county records on Aug 12, 2026

Around this home

Schools

Kittrell Elementary School

Public PreK-5 • Assigned • 0.3mi

6/10

Hoover Middle School

Public 6-8 • Assigned • 1.4mi

6/10

West High School

Public 9-12 • Assigned • 0.9mi

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 • 50702

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.

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New listings for sale in 50702

NEW 9 HRS AGO

$149,000

3 beds1.5 baths1,940 sq ft

317 Hammond Ave, Waterloo, IA 50702

NEW 11 HRS AGO

$109,900

3 beds1 bath740 sq ft

1012 W 6th St St, Waterloo, IA 50702

NEW 30 HRS AGO

$229,000

4 beds1 bath1,896 sq ft

501 Park Ln, Waterloo, IA 50702

NEW 33 HRS AGO

$135,000

2 beds1 bath796 sq ft

1821 E Ridgeway Ave, Waterloo, IA 50702

OPEN SUN, 1PM TO 2PM

$185,000

3 beds1 bath1,032 sq ft

1103 Wisner Dr, Waterloo, IA 50702

$189,900

4 beds1.5 baths1,850 sq ft

1420 E Mitchell Ave, Waterloo, IA 50702

OPEN SUN, 1PM TO 2PM

$230,000

3 beds2 baths1,586 sq ft

1912 Bourland Ave, Waterloo, IA 50702

$295,000

3 beds2 baths1,540 sq ft

3007 W 9th St, Waterloo, IA 50702

$149,900

3 beds1.5 baths1,456 sq ft

835 Dena St. St, Waterloo, IA 50702

Home values near 1121-1147 Oleson Rd

Data from public records.

Address	Redfin Estimate
1118 Oleson Road, Waterloo, IA 2 Beds \| 1.5 Baths \| 1364 Sq. Ft.	$113,431
1126 Oleson Road, Waterloo, IA 2 Beds \| 1 Baths \| 1264 Sq. Ft.	$101,600

Address	Redfin Estimate
1120 Oleson Road, Waterloo, IA 3 Beds \| 1.5 Baths \| 1408 Sq. Ft.	$129,276
1139 Oleson Road, Waterloo, IA 4 Beds \| 2.5 Baths \| 1800 Sq. Ft.	$211,375

Address	Redfin Estimate
1145 Oleson Road, Waterloo, IA 4 Beds \| 2.5 Baths \| 1800 Sq. Ft.	$212,822
1133 Oleson Road, Waterloo, IA 4 Beds \| 2.5 Baths \| 1800 Sq. Ft.	$210,877

Property information provided by NEIRBR as distributed by MLS GRID when last listed in 2016. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 50702, IA

Sale history for 1121-1147 Oleson Rd

Tax history for 1121-1147 Oleson Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 50702

Home values near 1121-1147 Oleson Rd

More real estate resources