Discover the versatile charm of this multifamily property located in the heart of Waterloo's historic Church Row district. Whether you're an investor or looking for a home with rental potential, 216 & 216 1/2 Allen Street offers two distinct living spaces with classic 1911 architecture. Property Highlights: 216 Allen St (Lower Unit): A spacious 1-bedroom, 1-bathroom unit featuring a welcoming front porch, elegant French doors, and warm wood flooring throughout. 216 1/2 Allen St (Upper Unit): A 2-bedroom, 1-bathroom apartment with beautifully redone hardwood floors and ample natural light. Convenience: Includes on-site laundry and dedicated off-street parking for residents. Prime Location Situated in a charming Cedar Valley neighborhood, this property is just minutes away from Waterloo's vibrant downtown and Museum District. Tenants will enjoy easy access to local favorites like George Wyth State Park and seasonal community events.
Multi-familyProperty Type
1911Year Built
4,440 sq ftLot Size
$82Price/Sq.Ft.
Listed by Martin Stoakes• Martin Inc. Realtors
Bought with Abigail Matamoros• Berkshire Hathaway Home Serv
Can be purchased with 216 Randolph. $86,000 for both. Rent is $1000 per month. Listing agent is seller.
Year
Property tax
Land + Additions
Assessment*
2025
$1,204 (+8.5%)
$6,570 + $57,470
$64,040
2024
$1,110 (+10.1%)
$6,570 + $57,470
$64,040
2023
$1,008 (+2.9%)
$6,570 + $48,950
$55,520
2022
$980 (−13.9%)
$6,570 + $48,950
$55,520
2021
$1,138 (+30.5%)
$6,570 + $39,290
$45,860
2020
$872 (+26.7%)
$6,570 + $43,660
$50,230
2019
$688 (−21.3%)
$6,570 + $32,600
$39,170
2018
$874 (−2.9%)
$6,570 + $32,600
$39,170
2017
$900 (+1.4%)
$6,570 + $32,600
$39,170
2016
$888 (+0.7%)
$6,570 + $32,600
$39,170
2014
$882
$6,570 + $32,600
$39,170
Public record
Public record
Zoning
Beds
2
Baths
2.5
Stories
—
Lot width
60 ft.
Lot depth
74 ft.
Lot size
4,443 Sq. Ft.
Year renovated
—
Sq. Ft.
1,472
Year built
1911
Style
Multi-Family (2-4 Unit)
County
Black Hawk County
APN
891326184003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 8, 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: On Street, None
Interior
Heating & Cooling
Cooling: None
Has Heating
Heating: Natural Gas
Room Information
Laundry Features: Lower Level
Has Basement
Basement Details: Block
Exterior
Exterior Features
Roof: Asphalt
Building Information
Above Grade Finished Area: 744
Below Grade Finished Area: 728
Construction Materials: Aluminum Siding
Property Information
Property Type: Residential Income
Property Sub Type: Duplex
Raw Mls Property Sub Type: Duplex
Lot Information
Lot Size Dimensions: 60 x 74
Zoning: R-3
Zoning Description: R-3
Financial
Tax Information
Tax Annual Amount: $1,205
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
Elementary School: Irving Elementary
Middle Or Junior School: Central MS - Waterloo CSD
High School: West High
Public facts
Beds: 2
Baths: 2.5
Sq. Ft.: 1,472
Stories: —
Lot Size: 4,443 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1911
Year Renovated: —
County: Black Hawk County
APN: 891326184003
Home facts updated by county records on Oct 8, 2026
Other
Listing Information
List AOR: neirbr
Around this home
Schools
Irving Elementary School
Public K-5 • Assigned • 0.4mi
5/10
Central Middle School
Public 6-8 • Assigned • 2.5mi
2/10
West High School
Public 9-12 • Assigned • 1.4mi
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 • 50701
Average low and high temperatures (°F)
27
11
34
17
55
32
62
42
73
51
82
63
84
68
80
62
79
56
69
46
48
33
33
18
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$78,000 – $94,000
Sell confidently with a local market expert in Waterloo.