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
$90,000
314 Lester St, Waterloo, IA 50703
--beds
--baths
1,380sqft
Est.:
Triplex
Built in 1916
-- sqft lot
$89,300 Zestimate®
$65/sqft
$-- HOA
What's special
Newer flooring
- 7 days |
- 221 |
- 19 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: April 05, 2026 at 04:01am
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: $65/sqft
- Tax assessed value: $56,990
- Annual tax amount: $1,044
- Date on market: 3/30/2026
- Cumulative days on market: 8 days
- Lease term: Over 9 Months
- Tenant pays: Electricity, Gas, Heat, Trash Collection
- Road surface type: Hard Surface Road
Estimated market value
$89,300
$85,000 - $94,000
$1,006/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 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
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
BuyAbility℠ payment
Est. payment
$568/mo
Principal & interest
$464
Property taxes
$104
More affordability tools
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.
Local experts in 50703
- Iowa
- Black Hawk County
- Waterloo
- 50703
- Roosevelt
- 314 Lester St
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