501-505 W 4th Street, Waterloo, IA 50701
Black Hawk County
Key Facts
Description
This multi-unit, mixed-use investment opportunity features a versatile income stream with three main-level office or retail suites and five residential apartments on the second level. The property is strategically positioned for maximum exposure, offering high visibility and the rare convenience of a large, private off-street parking area for both tenants and clients. Adding to the flexibility of this asset, all residential leases are currently on a month-to-month basis, providing an ideal scenario for an investor looking to adjust to market rents or transition the units. With a solid foundation of commercial and residential synergy, this property is a standout for those seeking a diversified portfolio. Furthermore, the seller is open to considering a sale on contract, depending on the strength of the proposed terms.
Property Information
Property Type
Commercial Sale
Year Built
1913
Stories
2
Living Area
7,552 sq ft
Lot Size
0.39 acres
Zoning
C-2
Days on Market
102
MLS® Listing#
20260101
Property Features
Cooling
Heating
Flooring
Lot Features
Construction
Roof
Utilities
Sewer
Financial Details
Annual Taxes
$5,444
Tax year 2024
Assessed Value
$201,550
Parcel Number
891326281001
Directions
Corner of W. 4th St. and Washington St.
Affordability Calculator
$49,980
Estimated monthly payment
$1,330/mo
Principal $199,920 · Est. interest $278,906 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Waterloo, IA
- 51
- Median Days on Market
- 1,481
- Median Sq Ft
- $126
- Median Price / Sq Ft
- 173
- Active Listings
- Its price per sq ft is 74% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Waterloo, IA.
Location
Points of Interest in Waterloo, IA
Showing the Waterloo area map.
Nearby Schools
Sacred Heart School
School · 0.1 mi away
Irving Elementary School
Elementary · 0.5 mi away
Lowell Elementary
Elementary · 0.7 mi away
Immanuel Lutheran School
School · 0.8 mi away
East High School
Secondary · 0.9 mi away
St John St Nicholas School
School · 1.1 mi away
St Edward School
School · 1.3 mi away
Kingsley Elementary School
Elementary · 1.4 mi away
Active Minds Early Learning Academy
School · 1.4 mi away
Kittrell Elementary School
Elementary · 1.5 mi away
Cunningham School for Excellence Elementary School Waterloo Community School District
Elementary · 1.6 mi away
West High School
Secondary · 1.6 mi away
Edison Elementary School
Elementary · 1.7 mi away
Highland Elementary School
Elementary · 1.9 mi away
Expo Alternative Learning Center
School · 1.9 mi away
Columbus High School
Secondary · 1.9 mi away
Blessed Maria Assunta Pallotta Middle School
School · 1.9 mi away
George Washington Carver Academy
School · 2.0 mi away
Lincoln Elementary School
Elementary · 2.1 mi away
Hoover Middle School
Elementary · 2.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3137 Hammond Avenue, Waterloo, IA | $175,000 | 3 | 2 | 1,540 |
| 309 Elaine Drive, Waterloo, IA | $175,000 | 2 | 1 | 902 |
| 400 Home Park Blvd, Waterloo, IA | $175,000 | 4 | 2 | 2,271 |
| 135 Byron Avenue, Waterloo, IA | $175,000 | 3 | 2 | 1,513 |
| 1022 Lois Lane, Waterloo, IA | $179,000 | 2 | 3 | 1,492 |
| 230 Gable Street, Waterloo, IA | $179,500 | 3 | 3 | 1,176 |
Moving Cost Estimate
EXIT Agents in Waterloo
Listing Courtesy: Fischels Commercial Group - 3192345000
Presented by: Chris Fischels