Great opportunity for investor with opportunity for an approx 26% cap rate. Current cap rate is approx 14%. Needs roof (price is appropriately priced) Great potential.
Sold for $142,000 on 01/27/25
$142,000
314 Locust St, Waterloo, IA 50701
--beds
0baths
5,094sqft
MultiFamily
Built in 1904
-- sqft lot
$127,200 Zestimate®
$28/sqft
$748 Estimated rent
Home value
$127,200
$97,000 - $163,000
$748/mo
Zestimate® history
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Owner options
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What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Other, Gas
Cooling
- Other
Appliances
- Included: Dishwasher, Dryer, Refrigerator
Features
- Flooring: Carpet, Hardwood, Linoleum / Vinyl
- Basement: Finished
Interior area
- Total interior livable area: 5,094 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage - Detached
Features
- Exterior features: Wood
Lot
- Size: 8,407 sqft
Details
- Parcel number: 891326326004
- Zoning: R-4
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Foundation: Concrete
- Roof: Asphalt
Condition
- Year built: 1904
Community & neighborhood
Location
- Region: Waterloo
Other
Other facts
- Internet: Yes
- Sale/Rent: For Sale
- Status: ACTIVE
- BASEMENT: Block
- COOLING: Window Unit, Ceiling Fan
- EXTERIOR AMENITIES: Porch-Enclosed, Curbs/Sidewalks, Deck, Porch-3 Season, Patio, Fenced Yard, Privacy Fence
- FINANCE TYPE: Cash, Conventional, Insured Conventional
- PARKING: Gravel, Garage, Assigned Parking, Parking Area
- Flood: C/X - Not in Flood Plain
- Water Type: City
- Sewer Type: City
- Fuel Type: Natural Gas
- Reg/Irreg: Reg
- Sale Type: Normal Sale
- Electric Separate by Unit: Yes
- Region: Waterloo South 1B
- STORIES/STYLE: Over 2 Stories, Apartments (5+ Units)
- DOCUMENTS ON FILE: Lead Paint Disclosure
- ROOF TYPE: Asphalt
- TENANT RESPONSIBLE: Electric, Gas
- UTILITIES AVAILABLE: Elec Individual Meters, Electric in Rent, Garbage in Rent, Gas in Rent, Water in Rent, Cable Paid by Individual, Gas Individual Meters
- Occupied By: Renter
- TERMS OF TENANCY: Over 9 Months
- Garage Type: Detached
- Unit Stove 1: Yes
- Unit Stove 2: Yes
- Unit Refrig 1: Yes
- Unit Refrig 2: Yes
- Zoning: R-4
- Unit Stove 3: Yes
- Unit Stove 4: Yes
- Unit Stove 5: Yes
- Unit Refrig 3: Yes
- Unit Refrig 4: Yes
- Unit Refrig 5: Yes
- How to Show: Appointment Only
- ROAD FRONTAGE: Hard Surface Road
- HEAT TYPE: Steam/Hot Water
- Unit D/W 2: Yes
- Unit D/W 3: Yes
- EXTERIOR: Steel
- SIDING: Steel
- MLS Area: Black Hawk
- LA1Agent Phone1 CountryId: United States (+1)
- LA1Agent Phone2 CountryId: United States (+1)
- LA1Agent Phone3 CountryId: United States (+1)
- LO1OfficePhone1CountryId: United States (+1)
- Transmit to Zillow: Yes
- Parcel #: 891326326004
- Legal Description: whitney and sedgwicks addition lot 3 blk 2
Price history
| Date | Event | Price |
|---|---|---|
| 1/27/2025 | Sold | $142,000+42%$28/sqft |
Source: Public Record | ||
| 7/2/2021 | Listing removed | -- |
Source:  Berkshire Hathaway HomeServices | ||
| 4/2/2021 | Listed for sale | $100,000-4.8%$20/sqft |
Source:  Northeast Iowa Regional BOR #20211225 | ||
| 4/1/2021 | Listing removed | -- |
Source: Northeast Iowa Regional BOR #20205012 | ||
| 3/22/2021 | Price change | $105,000-8.7%$21/sqft |
Source: Northeast Iowa Regional BOR #20205012 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,457 +31.4% | $122,910 |
| 2023 | $1,870 -12.8% | $122,910 +44.3% |
| 2022 | $2,144 -7.1% | $85,150 |
Find assessor info on the county website
Neighborhood: Church Row Historic
Nearby schools
GreatSchools rating
- 2/10Irving Elementary SchoolGrades: K-5Distance: 0.3 mi
- 1/10Central Middle SchoolGrades: 6-8Distance: 2.5 mi
- 3/10West High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Irving Elementary
- Middle: Central Intermediate
- High: West High
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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