Add to your investment portfolio with this Waterloo duplex featuring a 3 bedroom main level unit and a 1 bedroom upper unit. Long term tenants and 100% occupied. The versatile layout appeals to a variety of tenants and provides excellent income producing potential.
Church Row Historic, located between Downtown Waterloo and the Cedar River, is a historic and walkable Waterloo neighborhood with landmark architecture and a calm streetscape. The neighborhood’s character concentrates along W 4th Street near the Grout Museum District, where museum façades, civic buildings, and pocket greens set a cultured, weekday-busy rhythm. The Grout Museum District and the Sullivan Brothers Iowa Veterans Museum anchor local storytelling in restored, early-20th-century structures. Nearby, the Waterloo Center for the Arts adds galleries and performances to the mix. Side streets read as brick, stone, and mature trees, with sidewalks that suit a coffee-and-museum loop. Riverfront paths and downtown blocks keep the geography compact and urban.
Provided by Walk Score and Local Logic
Offer insights
723 Randolph St · $89,900
$89.89K and above
75% chance or better to win
Why $89.89K+ is a strong offer
DAYS ON MARKET
128 days
The average home goes pending in 20 days.
SALE-TO-LIST
93.7%
Most homes are selling 6% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Window air conditioning units
Natural gas heating
Bedrooms
One unit with 3 bedrooms
One unit with 1 bedroom
Laundry & utility
Laundry in lower level
Heating & cooling
Natural gas heat
Window unit cooling
Exterior features
Asphalt roof
Lot dimensions approximately 60 x 70
R-1 zoning
Home design
Duplex (residential income property)
Parking
Four open on-street parking spaces
Construction
Vinyl siding and stucco exterior
Finished living area above and below grade
Utilities
Public water
Public sewer
Other utilities available
Financial info
Actual rent: one unit $760, another unit $585
Electricity and solar
View estimated energy costs and solar savings for this home
Calling all investors!!! Price Reduced and Ready to Sell!! Location is perfect and price is right! Duplex with 3 Bedrooms down and 1 Bedroom up. Both units have their own kitchens and come with appliances. Call your favorite Realtor today!
Year
Property tax
Land + Additions
Assessment*
2026
$1,492 (+0.1%)
$7,980 + $65,170
$73,150
2025
$1,490 (+8.6%)
$7,980 + $65,170
$73,150
2024
$1,372 (+7.7%)
$7,980 + $65,170
$73,150
2023
$1,274 (+2.7%)
$7,980 + $60,680
$68,660
2022
$1,240 (+5.8%)
$7,980 + $60,680
$68,660
2021
$1,172 (+1.6%)
$7,980 + $50,020
$58,000
2020
$1,154 (−0.9%)
$6,300 + $45,480
$51,780
2019
$1,164 (+27.6%)
$6,300 + $45,480
$51,780
2018
$912 (−2.8%)
$6,300 + $45,480
$51,780
2017
$938 (+1.3%)
$6,300 + $34,560
$40,860
2016
$926 (+0.7%)
$6,300 + $34,560
$40,860
2014
$920
$6,300 + $34,560
$40,860
Public record
Public record
Zoning
Beds
3
Baths
2.5
Stories
—
Lot width
60 ft.
Lot depth
70 ft.
Lot size
4,182 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,866
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,866
Year built
1896
Style
Multi-Family (2-4 Unit)
County
Black Hawk County
APN
891326403014
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 14, 2026.
C-2
Commercial District
The C-2 District is intended to provide for areas of the community which are developed or will be soon as moderate intensity commercial area. These areas are often associated with the major traffic arteries and highways located within the community. 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 nursery, landscaping and garden material, and licensed and operable vehicles, or unlicensed operable vehicles for sale, that are accessory and clearly incidental to the Principal Permitted Use. This provision shall not restrict other outside display areas when such display areas display items that can be legally sold by a commercial business on the property and when the display area does not exceed an area equal to the area occupied by the buildings on a property.
Permitted uses
Include but are not limited to:
Gas station
Convenience store
General retail
Retail-Grocery
Restaurant
Housing-Single unit
Housing-Multiple units
Housing-Senior
Hotel / motel
Office
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
96/ 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.
9.5 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 723 Randolph St
There isn’t enough information to generate an accurate estimate at this time. Learn More