Well-maintained and exceptionally clean duplex located in a highly desirable Waterloo location. This turnkey investment property features two spacious units, each offering 2 large bedrooms, 1 updated bathroom, a generous living room, dining area, and functional kitchen layout. Each unit also includes a lower level with washer and dryer and excellent storage space, along with an attached garage for added tenant convenience. Situated on a large, partially fenced lot, the property also includes a detached 2-stall, double-deep garage currently being utilized by the owner for storage. This space offers excellent potential for additional rental income or expanded tenant storage options. The duplex is fully occupied with long-term tenants who take great pride in their homes, with current tenancy spanning 6+ years and 3+ years. Strong rental history, quality tenants, and a clean, well-cared-for property make this an outstanding opportunity for both seasoned and first-time investors. A rare chance to own a low-maintenance, income-producing property in a strong rental location.
Pending
$264,900
203-205 N Hackett Rd, Waterloo, IA 50701
4beds
2baths
2,880sqft
Duplex
Built in 1981
-- sqft lot
$263,500 Zestimate®
$92/sqft
$-- HOA
What's special
Excellent storage spaceUpdated bathroomTwo spacious unitsAttached garageLarge partially fenced lotDining areaFunctional kitchen layout
- 15 days |
- 422 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Danielle Morris 319-231-4175,
Berkshire Hathaway Home Services One Realty Centre
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20262402
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Laundry: Gas Dryer Hookup, Lower Level, Washer Hookup
Features
- Basement: Concrete,Interior Entry,Exterior Entry,Floor Drain
Interior area
- Total structure area: 2,880
- Total interior livable area: 2,880 sqft
- Finished area above ground: 1,056
- Finished area below ground: 1,824
Property
Parking
- Total spaces: 3
- Parking features: Garage, Over 1 Space, Parking Pad, Attached
- Uncovered spaces: 3
Features
- Levels: One,One and One Half
Lot
- Size: 0.34 Acres
- Dimensions: 102x144
Details
- Additional structures: Outbuilding
- Parcel number: 891317429012
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Paid by Individual, Garbage Pd by Individual, Gas Individual Meters, Water - Multiple Meters
Community & HOA
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: $92/sqft
- Tax assessed value: $248,240
- Annual tax amount: $4,923
- Date on market: 6/1/2026
- Cumulative days on market: 15 days
- Lease term: 6 Months
- Tenant pays: Electricity, Trash Collection, Gas, Heat, Grounds Care, Water
- Road surface type: Hard Surface Road
Estimated market value
$263,500
$250,000 - $277,000
$1,006/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Pending sale | $264,900$92/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20262402 Report a problem | ||
| 6/1/2026 | Listed for sale | $264,900$92/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20262402 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- 5/10Fred Becker Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 1/10Central Middle SchoolGrades: 6-8Distance: 1.5 mi
- 2/10East High SchoolGrades: 9-12Distance: 3.6 mi
Schools provided by the listing agent
- Elementary: Fred Becker Elementary
- Middle: Central MS - Waterloo CSD
- High: East 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.
- Iowa
- Black Hawk County
- Waterloo
- 50701
- 203-205 N Hackett Rd
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