This well-maintained duplex in Waterloo is a fantastic investment opportunity, offering a solid monthly gross income of $2,020. Recent updates, including new siding, fresh paint, and several updated vinyl windows, add to the property's appeal and longevity. The main-level unit features 3 bedrooms, 2 bathrooms, and ample living space, while the upper unit offers 2 bedrooms and 1 bathroom. The landlord covers utilities for the upper unit and water/sewer/trash for the main level, averaging around $300 per month. With steady rental income and key improvements already in place, this duplex is a great addition to any investor’s portfolio. Don’t miss out—schedule your showing today! 24 Hour Notice Required
Sold for $136,500
$136,500
807 W 3rd St, Waterloo, IA 50701
5beds
2baths
1,572sqft
Duplex
Built in 1896
-- sqft lot
$140,600 Zestimate®
$87/sqft
$1,020 Estimated rent
Home value
$140,600
$125,000 - $159,000
$1,020/mo
Zestimate® history
Owner options
List your home for rent
$1,020/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,020/mo
Rent Zestimate®
Refinance and save
$932/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$932/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Gordie Sorensen 319-269-1164,
RE/MAX Concepts - Cedar Falls,
Gerald Sorensen 319-269-1168,
RE/MAX Concepts - Cedar Falls
Bought with:
Jakob Elmquist-Tsui, S71819000
AWRE, EXP Realty, LLC
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20250613
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: None
Features
- Basement: Stone/Rock
Interior area
- Total structure area: 1,572
- Total interior livable area: 1,572 sqft
- Finished area above ground: 946
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Garage, Parking Space, Detached
- Uncovered spaces: 4
Features
- Levels: Two
Lot
- Size: 5,227 Square Feet
- Dimensions: 50x100
Details
- Parcel number: 8913264010006
- Zoning: R-4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1896
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electric in Rent, Garbage in Rent, Water in Rent
Community & HOA
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: $87/sqft
- Tax assessed value: $57,740
- Annual tax amount: $1,154
- Date on market: 2/14/2025
- Cumulative days on market: 2 days
- Lease term: Month To Month
- Tenant pays: Grounds Care, Snow Removal
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2025 | Sold | $136,500-4.2%$87/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20250613 Report a problem | ||
| 2/16/2025 | Pending sale | $142,500$91/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20250613 Report a problem | ||
| 2/14/2025 | Listed for sale | $142,500+168.9%$91/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20250613 Report a problem | ||
| 3/29/2019 | Sold | $53,000-11.5%$34/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20185716 Report a problem | ||
| 10/26/2018 | Listed for sale | $59,900+27.4%$38/sqft |
Source: Century 21 Signature Real Estate - Cedar Falls #20185716 Report a problem | ||
| 3/2/2012 | Sold | $47,000-71.5%$30/sqft |
Source: Agent Provided Report a problem | ||
| 4/9/2004 | Sold | $165,000$105/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,253 +8.5% | $66,630 +15.4% |
| 2024 | $1,154 +12.5% | $57,740 |
| 2023 | $1,026 +2.7% | $57,740 +23.6% |
| 2022 | $999 -13.8% | $46,720 |
| 2021 | $1,159 +1.6% | $46,720 -8.7% |
| 2020 | $1,140 -0.9% | $51,180 |
| 2019 | $1,150 +0.9% | $51,180 |
| 2018 | $1,140 +0% | $51,180 +0.1% |
| 2017 | $1,140 -1% | $51,150 |
| 2016 | $1,152 | $51,150 +0.7% |
| 2015 | $1,152 +0.7% | $50,770 |
| 2014 | $1,144 +24.5% | $50,770 -14.8% |
| 2012 | $919 -10.1% | $59,610 +36.9% |
| 2011 | $1,023 +35.8% | $43,550 -11.8% |
| 2010 | $753 +2.8% | $49,370 +31.4% |
| 2009 | $733 +2.2% | $37,560 |
| 2008 | $717 +1.7% | $37,560 +7% |
| 2007 | $705 -0.5% | $35,100 |
| 2006 | $709 +0.8% | $35,100 |
| 2005 | $703 +5.8% | $35,100 +18.5% |
| 2003 | $665 +1.7% | $29,630 |
| 2002 | $654 +10.7% | $29,630 +18% |
| 2001 | $590 | $25,110 |
Find assessor info on the county website
Neighborhood: Church Row Historic
Nearby homes
- $10,5904 bd4 ba3k sqft402 Wellington St, Waterloo, IA 50701Off Market
- $72,2001 bd1 ba-- sqft811 W 3rd St APT 3, Waterloo, IA 50701Off Market
- $50,1001 bd1 ba600 sqft811 W 3rd St APT 4, Waterloo, IA 50701Off Market
- $48,9001 bd1 ba600 sqft811 W 3rd St APT 5, Waterloo, IA 50701Off Market
- $48,9001 bd1 ba600 sqft811 W 3rd St APT 6, Waterloo, IA 50701Off Market
- $49,3001 bd1 ba600 sqft811 W 3rd St APT 7, Waterloo, IA 50701Off Market
- $48,9001 bd1 ba600 sqft811 W 3rd St APT 8, Waterloo, IA 50701Off Market
- $59,6002 bd2 ba1.2k sqft406 Wellington St, Waterloo, IA 50701Off Market
Nearby schools
GreatSchools rating
- 5/10Irving Elementary SchoolGrades: K-5Distance: 0.3 mi
- 2/10Central Middle SchoolGrades: 6-8Distance: 2.6 mi
- 3/10West High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Irving Elementary
- Middle: Central
- 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.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$140,600
2% more
+$2,812
With Zillow Showcase(estimated)
$143,412
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Waterloo Topics
