# 704 W 1st Street, Waterloo, IA 50701

> **TL;DR:** residential multi family, $76,900, built 1915.
> A/C. Est. $411/mo. Listed 71 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $76,900 |
| Year Built | 1915 |
| Lot Size | 2,100 sqft (0.05 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 71 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $389 |
| Estimated Insurance | $22 |
| **Total** | **$411** |

## Nearby Schools

- **Elementary:** Irving Elementary
- **Middle:** Central MS - Waterloo CSD
- **High:** West High

## Key Amenities

- A/C

## Property Highlights

- Built in 1915
- 0.05 acre lot
- 2 stories

## Description

### Agent Description
Up-and-down duplex with charming wood Craftsman features throughout. Each unit includes 1 bedroom, 1 bathroom, and a spacious living room. Total monthly rent is $1,345, with the lower unit renting for $595 and the upper unit renting for $750. Tenants pay utilities, while the landlord covers water, averaging $278 per quarter. Both units feature newer appliances. With rents well above the 1% rule, this is a strong investment opportunity and a must-see property.

## Location

- **Address:** 704 W 1st Street, Waterloo, IA 50701
- **County:** Black Hawk
- **Coordinates:** 42.494015, -92.349165
- **Google Maps:** https://www.google.com/maps?q=42.494015,-92.349165

## Listing Agent

- **Name:** Derick Rogers
- **Brokerage:** Realty ONE Group Movement
- **Phone:** 3195042162

## Primary Photo

![704 W 1st Street - Primary Photo](http://lh.rdcpix.com/67d9be33c2afc35c96f0b9c42a05ef2cl-f557312627r.jpg)

*7 total photos available on [listing page](https://www.propertysimple.ai/listing/704-w-1st-street-waterloo-ia-50701-20261867)*

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**MLS#:** 20261867 | **Updated:** 2026-08-02
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/704-w-1st-street-waterloo-ia-50701-20261867)

---

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  "description": "Up-and-down duplex with charming wood Craftsman features throughout. Each unit includes 1 bedroom, 1 bathroom, and a spacious living room. Total monthly rent is $1,345, with the lower unit renting for $595 and the upper unit renting for $750. Tenants pay utilities, while the landlord covers water, averaging $278 per quarter. Both units feature newer appliances. With rents well above the 1% rule, this is a strong investment opportunity and a must-see property.",
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