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704 W 1st Street, Waterloo, IA 50701

Waterloo
Local realty services provided by:CENTURY 21 Signature Real Estate
704 W 1st Street,Waterloo, IA 50701
$79,900
  • - Beds
  • - Baths
  • 892 sq. ft.
  • Multi-family
  • Active
Listed by: derick rogers
Office: realty one group movement
MLS#:20261867
Source:IA_NEIMLS

Price summary

  • Price:$79,900
  • Price per sq. ft.:$89.57

About this home

Up-and-down duplex with charming wood Craftsman features throughout. Each unit includes 1 bedroom, 1 bathroom, and a spacious living room. Total monthly rent is $1,345, with the lower unit renting for $595 and the upper unit renting for $750. Tenants pay utilities, while the landlord covers water, averaging $278 per quarter. Both units feature newer appliances. With rents well above the 1% rule, this is a strong investment opportunity and a must-see property.

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Home facts

  • Year built:1915
  • Listing ID #:20261867
  • Added:14 day(s) ago
  • Updated:May 19, 2026 at 02:59 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Concrete
  • Living area:892 sq. ft.

Heating and cooling

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

Structure and exterior

  • Roof:Asphalt
  • Year built:1915
  • Building area:892 sq. ft.
  • Lot area:0.05 Acres
  • Lot Features:Multiple Houses
  • Construction Materials:Vinyl Siding

Schools

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

Finances and disclosures

  • Price:$79,900
  • Price per sq. ft.:$89.57
  • Tax amount:$983

Parking

  • Parking description:On Street

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