Investor Special – Value-Add Fourplex with Huge Upside! Opportunity knocks with this value-add fourplex! Located in a solid rental area, this property needs some TLC but offers incredible cash flow potential for the right investor. With a bit of vision and elbow grease, this fixer-upper could shine as a high-performing rental property or a lucrative flip project. Each unit offers its own layout and entrance, giving you flexibility for improvements and future tenant arrangements. Whether you're looking to expand your investment portfolio or take on your next renovation project, this one has the bones to become a cash-generating asset. This motivated seller has it priced to sell and full of opportunity—don’t miss your chance to build equity and income with this property.
Sold for $65,000
$65,000
303 Lafayette St, Waterloo, IA 50703
--beds
--baths
2,336sqft
Quadruplex
Built in 1909
-- sqft lot
$65,500 Zestimate®
$28/sqft
$972 Estimated rent
Home value
$65,500
$58,000 - $73,000
$972/mo
Zestimate® history
Owner options
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$972/mo
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$972/mo
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$350/mo
Est. payment
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$350/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Blake Keating 319-480-4213,
AWRE - Commercial & Development
Bought with:
Jo A Johnson, S64774000
RE/MAX Concepts - Waterloo
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20252728
Facts & features
Interior
Cooling
- None
Appliances
- Laundry: Lower Level
Features
- Basement: Concrete
Interior area
- Total structure area: 2,336
- Total interior livable area: 2,336 sqft
- Finished area above ground: 1,168
- Finished area below ground: 1,168
Property
Parking
- Total spaces: 3
- Parking features: Parking Pad, Attached
- Uncovered spaces: 3
Lot
- Size: 4,158 sqft
- Dimensions: 54x77
Details
- Parcel number: 891324353004
- Zoning: C-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Siding
- Roof: Asphalt
Condition
- Year built: 1909
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & neighborhood
Location
- Region: Waterloo
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2025 | Sold | $65,000-7.1%$28/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20252728 Report a problem | ||
| 7/21/2025 | Pending sale | $70,000$30/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252728 Report a problem | ||
| 6/12/2025 | Listed for sale | $70,000$30/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20252728 Report a problem | ||
| 11/22/2024 | Sold | $70,000-41.7%$30/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20242020 Report a problem | ||
| 10/29/2024 | Pending sale | $120,000$51/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20242020 Report a problem | ||
| 8/19/2024 | Price change | $120,000-40%$51/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20242020 Report a problem | ||
| 5/17/2024 | Listed for sale | $199,900$86/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20242020 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,532 +72.2% | $83,080 +17.6% |
| 2024 | $890 +13.2% | $70,640 |
| 2023 | $787 -16.8% | $70,640 +46.9% |
| 2022 | $946 +1.5% | $48,080 |
| 2021 | $932 -7.4% | $48,080 +8.5% |
| 2020 | $1,007 -4% | $44,330 +7.4% |
| 2019 | $1,048 -7.3% | $41,290 |
| 2018 | $1,131 +0.1% | $41,290 |
| 2017 | $1,130 -12.1% | $41,290 |
| 2016 | $1,286 | $41,290 |
| 2015 | $1,286 -12.3% | $41,290 -6.9% |
| 2014 | $1,466 -8.9% | $44,330 +9.3% |
| 2012 | $1,610 -31.1% | $40,570 |
| 2011 | $2,337 -0.2% | $40,570 -28.3% |
| 2010 | $2,340 -0.1% | $56,580 |
| 2009 | $2,343 -0.7% | $56,580 |
| 2008 | $2,359 +7.1% | $56,580 +9.2% |
| 2007 | $2,203 +1.3% | $51,790 |
| 2006 | $2,174 -4.1% | $51,790 |
| 2005 | $2,267 +20.2% | $51,790 +15% |
| 2003 | $1,885 +4.7% | $45,050 |
| 2002 | $1,801 +45% | $45,050 |
| 2001 | $1,242 | $45,050 |
Find assessor info on the county website
Neighborhood: Franklin Gateway
Nearby schools
GreatSchools rating
- 3/10Cunningham SchoolGrades: PK-5Distance: 1 mi
- 1/10Central Middle SchoolGrades: 6-8Distance: 3.2 mi
- 3/10West High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Cunningham
- Middle: Central
- 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.
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- Iowa
- Black Hawk County
- Waterloo
- 50703
- Franklin Gateway
- 303 Lafayette St
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