Turnkey Duplex Opportunity – Updated & Income Ready duplex featuring two 1-bedroom, 1-bath units, both remodeled within the last 5 years. Each unit offers comfortable, updated living spaces, with one unit showcasing a completely renovated kitchen for added appeal. Both units include full basements, providing excellent storage and added functionality for tenants or owners alike. Major exterior improvement already taken care of with a brand new roof in 2025, giving peace of mind for years to come. Whether you're looking to expand your rental portfolio or live in one unit while renting the other, this property offers flexibility and solid investment potential. Seller is licensed Real Estate Agent in the State of Iowa
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
# of Open Parking Spaces: 4
Parking Features: Gravel, None
Interior
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Forced Air, Natural Gas
Room Information
Laundry Features: Upper Level
Has Basement
Basement Details: Block, Concrete, Interior Entry
Unit Type 1 Information
Actual Rent: $700
Unit Type 2 Information
Actual Rent: $725
Exterior
Exterior Features
Patio And Porch Features: Deck
Roof: Asphalt
Building Information
Above Grade Finished Area: 648
Below Grade Finished Area: 648
Levels: One
Construction Materials: Vinyl Siding
Property Information
Property Type: Residential Income
Property Sub Type: Duplex
Raw Mls Property Sub Type: Duplex
Lot Information
Lot Size Dimensions: 56 x 50
Zoning: R-1
Zoning Description: R-1
Financial
Tax Information
Tax Annual Amount: $2,345
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
Elementary School: Lowell
Middle Or Junior School: Bunger
High School: West High
Public facts
Beds: 2
Baths: 2.5
Sq. Ft.: 1,296
Stories: —
Lot Size: 2,788 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1948
Year Renovated: —
County: Black Hawk County
APN: 891335231002
Home facts updated by county records on Oct 8, 2026
Other
Listing Information
List AOR: neirbr
Around this home
Schools
Lowell Elementary School
Public PreK-5 • Assigned • 0.4mi
5/10
Bunger Middle School
Public 6-8 • Assigned • 3.4mi
3/10
West High School
Public 9-12 • Assigned • 1.0mi
3/10
Provided by GreatSchools
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)
27
10
34
17
55
32
62
42
74
51
83
63
85
68
81
62
79
57
69
46
48
32
33
18
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Waterloo. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$172,000 – $208,000
Sell confidently with a local market expert in Waterloo.