REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Listed by Tyler Rasmussen • EPM, Iowa

$ 1,800,000

Est. payment -/mo

Save

Active

611-619 Johnson AVE Waterloo, IA 50702

13,171 SqFt

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 13,171 sqft

Price per Sqft $136

MLS Listing ID 20254153

Style Two or More Stories

Year Built 2003

Annual Tax Amount $40,527

Lot Size 1.010 Acres

Acres 1.01

Lot Dimensions 300x110

Property Sub-Type Apartment

Property 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.

Location

State IA

County Black Hawk

Zoning R-4

Rooms

Basement Slab

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Laundry In Kitchen

Exterior

Parking Features Garage, On Street, Parking Space, Detached

Utilities Available Cable Paid by Individual

View Y/N true

Roof Type Asphalt

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

Schools

Elementary Schools Irving Elementary

Middle Schools Central

High Schools West High

Others

Acceptable Financing NBR20254153

Listing Terms NBR20254153

Special Listing Condition Normal Sale

NEARBY SCHOOL & BUSINESS

Amber Lesnick

Managing Broker/Owner

+1(515) 229-3402