611-619 Johnson Avenue, Waterloo, IA

$1,800,000

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13,171

Square feet

1.01

Acres

About 611-619 Johnson Avenue

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.

Features of 611-619 Johnson Avenue

MLS® # 20254153
Price $1,800,000
Square Footage 13,171
Acres 1.01
Year Built 2003
Type Residential Income
Sub-Type Apartment
Style Two or More Stories
Status Active

Community Information

Address 611-619 Johnson Avenue
City Waterloo
County Black Hawk
State IA
Zip Code 50702

Amenities

Utilities Cable Paid by Individual
Parking Spaces 16
Parking Garage, On Street, Parking Space, Detached
# of Garages 24
Is Waterfront No

Interior

Heating Forced Air
Cooling Central Air
Fireplace No

Exterior

Lot Description Corner Lot
Roof Asphalt
Construction Vinyl Siding

School Information

Elementary Irving Elementary
Middle Central Intermediate
High West High

Additional Information

Date Listed July 10th, 2025
Days on Market 51
Zoning R-4
Short Sale No
RE / Bank Owned No

Listing Details

AgentTyler Rasmussen
OfficeEPM, Iowa

Listing Map

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