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611-619 Johnson Avenue, Waterloo, IA 50702

Waterloo
Local realty services provided by:CENTURY 21 BW Preferred, Inc.
611-619 Johnson Avenue,Waterloo, IA 50702
$1,800,000
  • - Beds
  • - Baths
  • 4,357 sq. ft.
  • Multi-family
  • Active
Listed by: tyler rasmussen
Office: epm, iowa
MLS#:20254153
Source:IA_NEIMLS

Price summary

  • Price:$1,800,000
  • Price per sq. ft.:$413.13

About this home

This is the kind of asset every investor is looking for—24 fully occupied, low-maintenance units in a prime Waterloo location. Located at 611 & 619 Johnson Avenue, this multifamily package features two 12-unit buildings, each comprised entirely of 2 bed / 1 bath units with in-unit laundry—a key amenity that drives tenant demand and reduces turnover. Each unit is individually metered, with tenants paying electric, gas, water, and sewer. Landlord responsibility is limited to trash, lawn care, and snow removal, making this an exceptionally easy property to manage. The property also includes on-site garages, providing additional value and rental upside. These buildings are clean, simple, and operate efficiently. With strong rental history, desirable unit layouts, and minimal owner involvement, this is a high-yield, low-effort investment opportunity that would be a solid addition to any portfolio.

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Home facts

  • Year built:2003
  • Listing ID #:20254153
  • Added:240 day(s) ago
  • Updated:April 23, 2026 at 06:33 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Slab
  • Living area:4,357 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt
  • Year built:2003
  • Building area:4,357 sq. ft.
  • Lot area:1.01 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Vinyl Siding

Schools

  • High school:West High
  • Middle school:Central
  • Elementary school:Irving Elementary

Finances and disclosures

  • Price:$1,800,000
  • Price per sq. ft.:$413.13
  • Tax amount:$40,527

Features and amenities

  • Laundry features:In Kitchen

Parking

  • Parking description:Detached, Garage, On Street, Parking Space

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