FOR RENT- 2016 Falls Ave *PETS OK* -- This two-bedroom, one-bath home in Waterloo offers a spacious layout with a large kitchen and separate dining room, plus an additional bonus room that adapts to your needs. Enjoy a covered front patio and a fenced-in yard, along with a double-stall garage and extra off-street parking. The home includes a full unfinished basement for storage or future projects, a mudroom/rear entry for convenience, and a full bath with tub and shower. Pets are welcome with additional pet application approval and one time pet fee per pet. You will need to fill out an application and be APPROVED prior to scheduling a viewing with our office- to fill out an application, go to www.RentWithMartin.com and click "Apply Now" on the property you are interested in, ** Apps may be moved to other units should you not like the one you picked in person or it gets rented by another party. Once the application is complete we will schedule a showing time with you! Looking to improve your credit this year? Renting with Martin Realtors and paying rent on time will increase your score!! At Martin Inc Realtors, we believe in fair and accessible housing for all. Approved applicants who choose to rent with us and meet the current HUD low-income limits for the Waterloo-Cedar Falls area will have their application fee refunded as a rent credit applied toward their first month's rent upon move-in. School Districts: *Elementary= Fred Becker Elementary **Middle= Central Middle ***High= Waterloo East High Location / Nearby Highlights: *Convenient Waterloo location near University Ave access, with easy access to both Waterloo and Cedar Falls. *Somewhat walkable location: Zillow lists a Walk Score of 65 for 1009 Thorndale Ave. *Near area colleges: Apartments.com lists the property as about 8 minutes/4.8 miles from Allen College and about 9 minutes/4.6 miles from University of Northern Iowa. *Close to Waterloo attractions and entertainment options, including downtown Waterloo, local restaurants, parks, trails, museums, and arts/culture options. Experience Waterloo highlights the city's museum district, parks, locally owned restaurants, shops, boutiques, and attractions. *Popular Waterloo-area attractions to mention generally: John Deere Tractor & Engine Museum, Lost Island Water Park/Theme Park, Sullivan Brothers Iowa Veterans Museum, Waterloo Center for the Arts, Cedar Valley trails, George Wyth State Park, and downtown Waterloo attractions.
Amenities
In-unit amenities
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Internet
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Property details
Interior
Basement Information
Basement Sq. Ft: 726
Basement Type: Full
Bathroom Information
# of Full Baths: 1
# of Bathroom Fixtures: 3
Room Information
# of Rooms: 6
Exterior
Exterior Information
Foundation Type: Concrete Block
Exterior Wall: Vinyl
Roof Covering Type: Asphalt
Roof Shape Type: Gable
Building Type: Single Family
Property Information
Subdivision Name: GALLOWAY ADD
Living Sq. Ft: 1,256
Building Sq. Ft: 1,982
Legal Description: GALLOWAY ADDITION WATERLOO LOT 406
Parking & Garage Information
Parking Type: Detached Frame Garage
Garage/Parking Sq. Ft: 624
Garage / Carport Type: Detached Frame
Lot Information
# of Buildings: 1
Land Sq. Ft: 5,009
Legal Lot Number: 406
Municipality Name: WATERLOO
Acres: 0.115
Depth Footage: 125
Front Footage: 40
County Use Description: SINGLE-FAMILY / OWNER OCCUPIED
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,256
Stories: —
Lot Size: 5,009 square feet
Style: Single Family Residential
Year Built: 1910
Year Renovated: —
County: Black Hawk County
APN: 891322380009
Home facts updated by county records on Oct 14, 2026
Sale and tax history for 2016 Falls Ave
Sale History
Tax History
Date
Event
Price
APPFOLIO #1
Aug 29, 2026
Rental Removed
$975
$1/sq ft
Aug 18, 2026
Listed for Rent
$975
$1/sq ft
Public Records
Feb 6, 2017
Sold
$220,000
$175/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$2,658 (+15.5%)
$12,610 + $117,640
$130,250
2025
$2,302 (+8.6%)
$12,610 + $117,640
$130,250
2024
$2,120 (+13.9%)
$12,610 + $117,640
$130,250
2023
$1,862 (+2.8%)
$12,610 + $93,470
$106,080
2022
$1,812 (+0.1%)
$12,610 + $93,470
$106,080
2021
$1,810 (+1.7%)
$12,610 + $72,160
$84,770
2020
$1,780 (−0.9%)
$7,760 + $72,160
$79,920
2019
$1,796 (+0.8%)
$7,760 + $72,160
$79,920
2018
$1,782 (−2.9%)
$7,760 + $72,160
$79,920
2017
$1,836 (+1.2%)
$7,760 + $72,160
$79,920
2016
$1,814 (+0.8%)
$7,760 + $72,160
$79,920
2014
$1,800
$7,760 + $72,160
$79,920
Around this home
Schools Near 2016 Falls Ave
K - 12
Preschool & daycare
5/10
Fred Becker Elementary School
Public, PreK-5 • Assigned • 0.9mi
2/10
Central Middle School
Public, 6-8 • Assigned • 1.4mi
2/10
East High School
Public, 9-12 • Assigned • 2.2mi
Provided by GreatSchools
About
Edison
Edison, located between Downtown Waterloo and the Cedar River corridor, is a residential and civic Waterloo neighborhood with a grid of tree-lined streets and a mix of mid-century and early-20th-century homes. The neighborhood’s energy concentrates around the RiverLoop Amphitheatre and the adjacent RiverLoop Expo Plaza, where event nights bring food trucks, music, and a steady flow of pedestrians. Architecture leans toward practical bungalows and compact ranches, with pockets of older brick buildings near main corridors. Daily rhythms orbit the riverfront trail system and park lawns that frame the water. Community pillars include the Waterloo Center for the Arts, the Grout Museum District, and the Sullivan Brothers Iowa Veterans Museum, anchoring culture close to home. The setting feels grounded and walkable, with the river and downtown blocks shaping the backdrop.
Provided by Walk Score and Local Logic
Public facts and zoning for 2016 Falls Ave
Beds
3
Baths
1
Sq. Ft.
1,256
Stories
—
Lot Size
5,009 Sq. Ft.
Style
Single Family Residential
Year Built
1910
Year Renovated
—
County
Black Hawk County
APN
891322380009
Home facts updated by county records on Oct 14, 2026.
Additional resources
Zoning
Working on getting current and accurate zoning information for this home.Learn more
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, 15 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
Thinking of selling?
Estimated sale price
$129,000 – $157,000
Sell confidently with a local market expert in Waterloo.
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In-unit amenities
These amenities may not be available for every unit