611-619 Johnson Avenue, Waterloo, IA 50702
Black Hawk County
Key Facts
Description
This is the kind of asset every investor is looking for—24 fully occupied, low-maintenance units in a prime Waterloo location. Located at 611 & 619 Johnson Avenue, this multifamily package features two 12-unit buildings, each comprised entirely of 2 bed / 1 bath units with in-unit laundry—a key amenity that drives tenant demand and reduces turnover. Each unit is individually metered, with tenants paying electric, gas, water, and sewer. Landlord responsibility is limited to trash, lawn care, and snow removal, making this an exceptionally easy property to manage. The property also includes on-site garages, providing additional value and rental upside. These buildings are clean, simple, and operate efficiently. With strong rental history, desirable unit layouts, and minimal owner involvement, this is a high-yield, low-effort investment opportunity that would be a solid addition to any portfolio.
Property Information
Property Type
Residential Income
Style
Two or More Stories
Year Built
2003
Living Area
13,171 sq ft
Lot Size
1.01 acres
Lot Dimensions
300x110
Garage Spaces
24
Zoning
R-4
Days on Market
297
MLS® Listing#
20254153
Property Features
Cooling
Heating
Parking
Laundry
Lot Features
Construction
Foundation
Roof
Sewer
Water Source
Schools
- Elementary:
- Irving Elementary
- Middle:
- Central
- High:
- West High
Financial Details
Annual Taxes
$40,527
Assessed Value
$2,027,630
Parcel Number
891326458008
Affordability Calculator
$360,000
Estimated monthly payment
$9,580/mo
Principal $1,440,000 · Est. interest $2,008,928 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Waterloo, IA
- 53
- Median Days on Market
- 1,453
- Median Sq Ft
- $126
- Median Price / Sq Ft
- 168
- Active Listings
- Its price per sq ft is 8% above 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
Irving Elementary School
Elementary · 0.3 mi away
Sacred Heart School
School · 0.4 mi away
Lowell Elementary
Elementary · 0.5 mi away
St Edward School
School · 0.9 mi away
Kingsley Elementary School
Elementary · 1.0 mi away
Kittrell Elementary School
Elementary · 1.1 mi away
West High School
Secondary · 1.1 mi away
Immanuel Lutheran School
School · 1.3 mi away
St John St Nicholas School
School · 1.3 mi away
East High School
Secondary · 1.4 mi away
Columbus High School
Secondary · 1.4 mi away
Blessed Maria Assunta Pallotta Middle School
School · 1.4 mi away
Active Minds Early Learning Academy
School · 1.6 mi away
Hoover Middle School
Elementary · 1.8 mi away
Edison Elementary School
Elementary · 1.9 mi away
Cunningham School for Excellence Elementary School Waterloo Community School District
Elementary · 2.0 mi away
Highland Elementary School
Elementary · 2.0 mi away
Expo Alternative Learning Center
School · 2.1 mi away
Waterloo Christian School
Secondary · 2.1 mi away
Black Hawk Elementary School
Elementary · 2.4 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| HWY 63 Land, Waterloo, IA | $1,399,000 | — | — | — |
| 56 Acres HWY 218, Waterloo, IA | $1,456,000 | — | — | — |
| 236 National Drive, Waterloo, IA | $1,625,000 | — | — | 6,074 |
| 211 Madison Street, Waterloo, IA | $1,650,000 | — | — | 408 |
| 1203 W Ridgeway Avenue, Waterloo, IA | $1,865,000 | — | — | 20,672 |
Moving Cost Estimate
EXIT Agents in Waterloo
Listing Courtesy: EPM, Iowa - 3195603543
Presented by: Tyler Rasmussen