Active
408 sqft

211 Madison Street, Waterloo, IA 50703

Multi FamilyProperty Type
1.53 acresLot Size
1950Year Built
$4,044/sq ftPrice per sq ft
32 carsParking Spaces

Description

Discover a lucrative investment opportunity with this 32-unit property in Waterloo. Ideal for investors seeking a stable income stream, this well-maintained complex offers spacious two-bedroom, one-bathroom units with full basements. 32 Rental Units: Solid history of 95%+ occupancy Two-Bedroom, One-Bathroom Units: Comfortable and practical layouts. Full Basements: Additional storage space for tenants. Tenant Responsibilities: Electric, water, gas, and sewer bills, ensuring efficient cost management....Discover a lucrative investment opportunity with this 32-unit property in Waterloo. Ideal for investors seeking a stable income stream, this well-maintained complex offers spacious two-bedroom, one-bathroom units with full basements. 32 Rental Units: Solid history of 95%+ occupancy Two-Bedroom, One-Bathroom Units: Comfortable and practical layouts. Full Basements: Additional storage space for tenants. Tenant Responsibilities: Electric, water, gas, and sewer bills, ensuring efficient cost management. Landlord Responsibilities: Trash, lawn care, and snow removal, providing added convenience for tenants. This prime location offers easy access to local amenities, schools, hospitals, and transportation. Don't miss out on this exceptional investment opportunity. Contact us today to schedule a viewing!
738 days on Market
  • Listed by: Tyler Rasmussen 319.560.3543 rasmussen.tyler@gmail.com • EPM, Iowa
Last updated: 06/30/2026 07:07 AM • Source: Northeast Iowa Regional BOR, MLS#: 20244370
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Location

Listing Courtesy of EPM, Iowa
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Payment Calculator

$11,489 per month

30 year fixed, 7.03% Interest

Principal and Interest

$8,809

Property Taxes

$2,680

HOA Dues

$0

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Property Information for 211 Madison Street

Property Details

  • Taxes: $32,163 / year
  • MLS Type: Residential Income / Apartment
  • Zoning: R-3
  • Zoning Description: R-3

Building Information

  • Residences: 32
  • Year Built: 1950
  • Lot Size: 1.53 AC / 66,845 SF

Summary

Location and General Information
  • Latitude: 42.497733
  • Longitude: -92.311114
Taxes and HOA
  • Parcel Number: 891230126012
  • Tax Annual Amount: $32,163.00
  • Tax Assessed Value: 1608490
School Information
  • Elementary School: Highland Elementary
  • High School: West High
  • Middle Or Junior School: George Washington Carver Academy
Parking
  • Garage: No
  • Open Parking Spaces: 32.0

Property

Lot Information
  • Lot Features: Corner Lot
  • Lot Size Acres: 1.53
  • Lot Size Dimensions: 145 x 460
  • Lot Size Square Feet: 66845.0
Property and Assessments
  • Above Grade Finished Area: 408.0
  • Below Grade Finished Area: 408.0
  • Building Area Total: 1224.0
  • Living Area: 408.0
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Year Built: 1950
Building Features
  • Construction Materials: Stucco
  • Levels: Two
  • Roof: Rubber
Utilities
  • Sewer: Public Sewer
  • Water Source: Public

Interior and Exterior Features

Interior Features
  • Basement: Block, Exterior Entry
  • Has Basement: Yes
  • Cooling: Ceiling Fan(s)
  • Has Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Laundry Features: Lower Level

Multi Family

Multi Family Information
  • Number Of Units Total: 32

Property History for 211 Madison Street

DateEvent & SourcePriceAppreciation
Mar 9, 2025

Price Change

Northeast Iowa Regional BOR #20244370

$1,650,000—
Sep 30, 2024

Listed (Active)

Northeast Iowa Regional BOR #20244370

$1,830,000—
DateEvent & SourcePrice
03/09/2025

Price Change

Northeast Iowa Regional BOR #20244370

$1,650,000
09/30/2024

Listed (Active)

Northeast Iowa Regional BOR #20244370

$1,830,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

211 Madison Street

Beds

2

Baths

1

Total Finished SqFt

816 SqFt

Above Grade Finished SqFt

816 SqFt

Unfinished Basement SqFt

408 SqFt

Stories

2

Schools near 211 Madison Street

This home is within Waterloo Community School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Highland Elementary School
PublicPK to 5

George Washington Carver Academy
Public6 to 8

East High School
Public9 to 12

Expo Alternative Learning Center
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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211 Madison Street is a multi-family home for sale in Waterloo, IA 50703. This property was listed for sale on September 30, 2024 by EPM, Iowa, it's currently listed at $1,650,000. This listing's school district is Waterloo Community School District. Nearby schools include Highland Elementary School, George Washington Carver Academy and East High School. 211 Madison Street is a 0-bed, 0-bath, 408 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EPM, Iowa

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Based on information submitted to the MLS GRID as of 06/30/2026 07:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.