OFF MARKET

Off market jan 2017 for $450K

—

•

— ba

•

14,400

sq ft

1151-1221 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: a few seconds ago

•Source:NEIRBR as distributed by MLS GRID #20166601

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 50702, IA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.5%

+0.6% MoM

Median sale price

$175K

$13K MoM

Avg. days on market

1 days MoM

Recently sold homes

13 MoM

New listings for sale

$169,900
3 beds1.5 baths1,820 sq ft
1517 Hammond Ave, Waterloo, IA 50702
OPEN SUN, 1:15PM TO 2:15PM
$234,900
3 beds2 baths1,644 sq ft
2618 Highview Ave, Waterloo, IA 50702
$149,900
3 beds1 bath864 sq ft
2618 W 9th St, Waterloo, IA 50702
FOR SALE BY OWNER
$168,000
3 beds2 baths864 sq ft
315 3rd St, Washburn, IA 50702
$19,900
2 beds2.5 baths1,772 sq ft
1008 W 11th Street St, Waterloo, IA 50702
FOR SALE BY OWNER
$146,000
3 beds1 bath803 sq ft
1926 Easton Ave, Waterloo, IA 50702
See all

Provided by Redfin

Sale history for 1151-1221 Oleson Rd

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

72 ft.

Lot depth

120 ft.

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Black Hawk County

APN

881302101024

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 26, 2024.

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: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Black Hawk County
APN: 881302101024

Home facts updated by county records on Jun 26, 2024

Around this home

Schools

K - 12
Preschool & daycare

Kittrell Elementary School

Public PreK-5 • Assigned • 0.3mi

6/10

Hoover Middle School

Public 6-8 • Assigned • 1.5mi

6/10

West High School

Public 9-12 • Assigned • 1.0mi

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

Is this your home?

Track this home’s value and nearby sales activity

Nearby similar homes

$480,000

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New listings for sale in 50702

$169,900

3 beds1.5 baths1,820 sq ft

1517 Hammond Ave, Waterloo, IA 50702

Main level bedrooms • Full bath • Spacious living room

OPEN SUN, 1:15PM TO 2:15PMVIDEO TOUR

$234,900

3 beds2 baths1,644 sq ft

2618 Highview Ave, Waterloo, IA 50702

Spacious kitchen • New flooring • Natural light

$149,900

3 beds1 bath864 sq ft

2618 W 9th St, Waterloo, IA 50702

Eat in kitchen • White cabinets • Marble look counters

FOR SALE BY OWNER

$168,000

3 beds2 baths864 sq ft

315 3rd St, Washburn, IA 50702

Main floor living • Open-concept layout • Expansive basement

$19,900

2 beds2.5 baths1,772 sq ft

1008 W 11th Street St, Waterloo, IA 50702

1,772 sq ft lot • Built 1906 • Listed 10 days

FOR SALE BY OWNER

$146,000

3 beds1 bath803 sq ft

1926 Easton Ave, Waterloo, IA 50702

New roof • Blown-in insulation • Finished lower level

Home values near 1151-1221 Oleson Rd

Data from public records.

Address	Redfin Estimate
1145 Oleson Road, Waterloo, IA 4 Beds \| 2.5 Baths \| 1800 Sq. Ft.	$206,822
1133 Oleson Road, Waterloo, IA 4 Beds \| 2.5 Baths \| 1800 Sq. Ft.	$210,394
1153 Oleson Road, Waterloo, IA 4 Beds \| 2.5 Baths \| 1800 Sq. Ft.	$210,982
1216 Oleson Road, Waterloo, IA 2 Beds \| 1 Baths \| 820 Sq. Ft.	$90,201
1224 Oleson Road, Waterloo, IA 1 Beds \| 1 Baths \| 734 Sq. Ft.	$82,030
1216 Oleson Road, Waterloo, IA 7 Beds \| 4 Baths \| 3672 Sq. Ft.	—

Address	Redfin Estimate
1126 Oleson Road, Waterloo, IA 2 Beds \| 1 Baths \| 1264 Sq. Ft.	$92,363
1219 Oleson Road, Waterloo, IA 4 Beds \| 2.5 Baths \| 1800 Sq. Ft.	—
1216 Oleson Road, Waterloo, IA 2 Beds \| 1 Baths \| 820 Sq. Ft.	$94,821
1224 Oleson Road, Waterloo, IA 2 Beds \| 1 Baths \| 831 Sq. Ft.	$88,128
1207 Oleson Road, Waterloo, IA 4 Beds \| 2.5 Baths \| 1800 Sq. Ft.	—
1554 East Ridgeway Avenue, Waterloo, IA 3 Beds \| 1.5 Baths \| 972 Sq. Ft.	$155,384

Address	Redfin Estimate
1139 Oleson Road, Waterloo, IA 4 Beds \| 2.5 Baths \| 1800 Sq. Ft.	$209,560
1224 Oleson Road, Waterloo, IA 2 Beds \| 1 Baths \| 825 Sq. Ft.	$84,866
1216 Oleson Road, Waterloo, IA 2 Beds \| 1 Baths \| 820 Sq. Ft.	$90,201
1216 Oleson Road, Waterloo, IA 1 Beds \| 1 Baths \| 730 Sq. Ft.	$90,142
1211 Oleson Road, Waterloo, IA 4 Beds \| 2.5 Baths \| 1800 Sq. Ft.	—
1570 East Ridgeway Avenue, Waterloo, IA 3 Beds \| 1.5 Baths \| 1618 Sq. Ft.	$177,208

Property information provided by undefined .

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