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For sale
    • Price cut: $4.6K (6/24)
    $189,900

    1721 & 1723 Falls Ave, Waterloo, IA 50701

    4beds
    2baths
    1,818sqft
    : 
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    Duplex
    Built in 1913
    -- sqft lot
    $183,300 Zestimate®
    $104/sqft
    $-- HOA

    What's special

    Off-street parkingCentral airGreat kitchensNew sidingNew roof
    Don’t miss this well-maintained side-by-side duplex located in a convenient west Waterloo neighborhood near University Avenue. Each unit offers approximately 900 square feet of comfortable living space, featuring 2 bedrooms and 1 bathroom—ideal for tenants or owner occupancy. Both units include spacious layouts with large bedrooms, great kitchens, and full basements—perfect for storage or additional usable space. Tenants will appreciate the convenience of washer/dryer hookups, central air, and off-street parking. Recent updates include new roof, new siding, gutters, newer carpet on both sides, newer furnace/ AC units, and new water heaters. The property also benefits from separate utilities, helping maximize investment potential. Situated close to shopping, dining, schools, and local attractions, this duplex offers strong rental appeal in a steady market. Whether you’re looking to expand your investment portfolio or live in one unit while renting the other, this property is a smart and versatile opportunity.
    44 days
    |
    595
    |
    27
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jordan Porter 414-704-5511,

    Berkshire Hathaway Home Services One Realty Centre

    Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20262519MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Laundry: Gas Dryer Hookup, Lower Level, Washer Hookup
      Features
      • Basement: Block,Concrete,Floor Drain
      Interior area
      • Total structure area: 1,818
      • Total interior livable area: 1,818 sqft
      • Finished area above ground: 896
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 4
      • Parking features: Over 1 Space, Parking Pad, Parking Space, Paved, None
      • Uncovered spaces: 4
      Features
      • Levels: Two
      • Patio & porch: Patio
      Lot
      • Size: 5,009 Square Feet
      • Dimensions: 40.00 x 125.00
      Details
      • Parcel number: 891322387021
      • Zoning: R-2
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      Materials
      • Shingle Siding, Vinyl Siding
      • Roof: Asphalt
      Condition
      • Year built: 1913

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Paid by Individual, Elec Individual Meters, Gas Individual Meters, Master Metered

      Community & HOA

      Location
      • Region: Waterloo

      Financial & listing details

      • Price per square foot: $104/sqft
      • Tax assessed value: $156,590
      • Annual tax amount: $2,746
      • Date on market: 6/5/2026
      • Cumulative days on market: 44 days
      • Lease term: Over 9 Months
      • Tenant pays: Electricity, Trash Collection, Gas, Heat, Snow Removal, Water

        Estimated market value

        $183,300

        $174,000 - $192,000

        $830/mo

        Price history

        DateEventPrice
        6/24/2026Price change$189,900-2.4%$104/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20262519 Report a problem
        6/5/2026Price change$194,500+4.3%$107/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20262519 Report a problem
        4/11/2026Pending sale$186,500$103/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261435 Report a problem
        4/9/2026Listed for sale$186,500+26%$103/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261435 Report a problem
        7/16/2021Sold$148,000$81/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20212128 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 50701

        Getting around

        45 / 100
        Car-Dependent
        27 / 100
        Some Transit
        54 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Irving Elementary
        • Middle: Central MS - Waterloo CSD
        • High: West High

        Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

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