About This Home

This 4-bedroom, 2-bathroom residential multi family at 1721 & 1723 Falls Avenue in Waterloo, IA is listed for $189,900. Built in 1913, on a 0.11 acres lot.

Key Features

  • Built in 1913
  • 0.12 acre lot
  • 2 stories

Property Details

2 stories
2 full
1913

Amenities

A/C
Listing Description

Don't miss this well-maintained side-by-side duplex located in a convenient west Waterloo neighborhood near University Avenue. Each unit offers approximately 900 square feet of comfortable living space, featuring 2 bedrooms and 1 bathroom-ideal for tenants or owner occupancy.

Both units include spacious layouts with large bedrooms, great kitchens, and full basements-perfect for storage or additional usable space. Tenants will appreciate the convenience of washer/dryer hookups, central air, and off-street parking. Recent updates include new roof, new siding, gutters, newer carpet on both sides, newer furnace/ AC units, and new water heaters.

The property also benefits from separate utilities, helping maximize investment potential. Situated close to shopping, dining, schools, and local attractions, this duplex offers strong rental appeal in a steady market. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this property is a smart and versatile opportunity.

Monthly Cost Estimate

$1,016/mo

20% down · 6.5% · 30 years

Principal$137
Interest$823
Insurance$55

Estimates only. Actual payments may vary.

Location

1721 & 1723 Falls Avenue

Waterloo, IA 50701

Features & Amenities

Exterior Features

Patio

Property Details

Construction

Shingle Siding Vinyl Siding

Pool Features

Patio

Heating

Natural GasForced Air

Cooling

Ceiling Fan(s)Central Air

Questions & Answers

This 4-bedroom, 2-bathroom residential multi family at 1721 & 1723 Falls Avenue is listed at $189,900. The estimated monthly payment is $1,015 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1913, 0.12 acre lot, 2 stories. Exterior Features: Patio.

This property is listed by Jordan Porter and can be reached at 4147045511.

JP

Jordan Porter

Agent at Berkshire Hathaway Home Services One Realty Centre

(414) 704-5511

Listed by Berkshire Hathaway Home Services One Realty Centre · View on Broker Site

MLS# 20262519· Source: listhub· 28 days on market

Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1721 & 1723 Falls Avenue, Waterloo, IA 50701

Open this listing in: