Great cash flow investment opportunity directly across from Gates Park! Fully rented triplex provides immediate cashflow. Unit 1-1 bed 1 bath with stove and refrigerator $475/mo. Unit 2-1 bed 1 bath with stove and refrigerator $525/mo. Unit 3-1 bed 1 bath with stove and refrigerator $375/mo. Each unit has its own electric meter. Owner currently pays water, snow removal & lawn care. Seller has proactively maintained units with multiple updates including: newer flooring, paint, cabinets, countertop, shower.
For sale
Price cut: $5K (4/30)
$85,000
314 Lester St, Waterloo, IA 50703
--beds
--baths
1,380sqft
Est.:
Triplex
Built in 1916
-- sqft lot
$-- Zestimate®
$62/sqft
$-- HOA
What's special
Newer flooring
- 55 days |
- 182 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Dave Woods 319-242-2720,
Oakridge Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20261233
Tour with a local agent
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Laundry: None
Features
- Basement: Block
Interior area
- Total structure area: 1,380
- Total interior livable area: 1,380 sqft
- Finished area above ground: 852
- Finished area below ground: 732
Property
Parking
- Total spaces: 4
- Parking features: Gravel, None
- Uncovered spaces: 4
Features
- Levels: Two
Lot
- Size: 7,840.8 Square Feet
- Dimensions: 54x144
Details
- Parcel number: 891313328004
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1916
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Paid by Individual, Elec Individual Meters
Community & HOA
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: $62/sqft
- Tax assessed value: $56,990
- Annual tax amount: $1,044
- Date on market: 3/30/2026
- Cumulative days on market: 55 days
- Lease term: Over 9 Months
- Tenant pays: Electricity, Gas, Heat, Trash Collection
- Road surface type: Hard Surface Road
Estimated market value
Not available
Estimated sales range
Not available
$962/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Price change | $85,000-5.6%$62/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20261233 Report a problem | ||
| 3/30/2026 | Listed for sale | $90,000+33.3%$65/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261233 Report a problem | ||
| 7/7/2023 | Sold | $67,500-3.6%$49/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20232101 Report a problem | ||
| 6/8/2023 | Pending sale | $70,000$51/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20232101 Report a problem | ||
| 5/31/2023 | Listed for sale | $70,000+7.9%$51/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20232101 Report a problem | ||
| 9/23/2022 | Listing removed | -- |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20222277 Report a problem | ||
| 7/18/2022 | Listed for sale | $64,900$47/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20222277 Report a problem | ||
| 6/16/2022 | Pending sale | $64,900$47/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20222277 Report a problem | ||
| 5/25/2022 | Listed for sale | $64,900-8.6%$47/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20222277 Report a problem | ||
| 7/29/2019 | Listing removed | $71,000$51/sqft |
Source: Pregler, Properties #20190221 Report a problem | ||
| 1/14/2019 | Listed for sale | $71,000+16.4%$51/sqft |
Source: Pregler, Properties #20190221 Report a problem | ||
| 1/16/2018 | Listing removed | $500 |
Source: Pregler Properties LLC Report a problem | ||
| 1/12/2018 | Listed for rent | $500+56.3% |
Source: Pregler Properties LLC Report a problem | ||
| 9/20/2017 | Listing removed | $320 |
Source: Martin Realtors Report a problem | ||
| 8/23/2017 | Listed for rent | $320 |
Source: Martin Realtors Report a problem | ||
| 7/28/2016 | Listing removed | $61,000$44/sqft |
Source: RE/MAX HOME GROUP #20154922 Report a problem | ||
| 1/28/2016 | Price change | $61,000-4.7%$44/sqft |
Source: RE/MAX HOME GROUP #20154922 Report a problem | ||
| 7/28/2015 | Listed for sale | $64,000-24.7%$46/sqft |
Source: RE/MAX HOME GROUP #20154922 Report a problem | ||
| 2/14/2007 | Sold | $85,000$62/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,044 +12.6% | $56,990 +18.4% |
| 2024 | $928 +18.6% | $48,140 +3.7% |
| 2023 | $782 +2.7% | $46,420 +30.3% |
| 2022 | $762 -5.6% | $35,620 |
| 2021 | $807 +1.6% | $35,620 |
| 2020 | $794 -0.9% | $35,620 |
| 2019 | $801 +0.8% | $35,620 |
| 2018 | $794 +0% | $35,620 |
| 2017 | $794 -1.7% | $35,620 |
| 2016 | $808 | $35,620 |
| 2015 | $808 +0.7% | $35,620 |
| 2014 | $802 -4.4% | $35,620 -10.4% |
| 2012 | $839 -24.4% | $39,740 |
| 2011 | $1,110 +1.5% | $39,740 -25.8% |
| 2010 | $1,094 +2.8% | $53,580 -1.7% |
| 2009 | $1,064 +2.2% | $54,530 |
| 2008 | $1,041 +113.6% | $54,530 +7% |
| 2007 | $488 -0.5% | $50,960 +110.1% |
| 2006 | $490 +0.5% | $24,260 |
| 2005 | $488 +5.8% | $24,260 +18.1% |
| 2003 | $461 +1.7% | $20,550 |
| 2002 | $453 +10.8% | $20,550 +18% |
| 2001 | $409 | $17,410 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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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: Roosevelt
Nearby schools
GreatSchools rating
- 3/10Cunningham SchoolGrades: PK-5Distance: 0.8 mi
- 2/10George Washington Carver AcademyGrades: 6-8Distance: 0.6 mi
- 2/10East High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Cunningham
- Middle: George Washington Carver Academy
- 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
- 50703
- Roosevelt
- 314 Lester St
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