Ryan Sisson

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611-619 Johnson AvenueWaterloo, IA 50702

Multi-Family · 1.01 Acres
$1,800,000 ACTIVE

611-619 Johnson Avenue Overview

Time on Site:
307 days
Visits:
18

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.

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611-619 Johnson Avenue Facts & Features

  • Type Multi-Family
  • Lot 1.01 Acres

Details

General

School Information

  • Elementary School: Irving Elementary
  • Middle Or Junior School: Central
  • High School: West High

Income/Expenses

  • Water Sewer Expense: 0

Building Information

  • Year Built: 2003

Location/Region

  • County Or Parish: Black Hawk

Rent/Lease Information

  • Lease Term: Over 9 Months
  • Tenant Pays: Electricity,Gas,Heat,Water

Tax Information

  • Tax Annual Amount: 40527.1
  • Tax Assessed Value: 2027630

General Information

  • Parcel Number: 891326458008
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Special Listing Conditions: Normal Sale
  • Zoning: R-4

Interior

Building Interior

  • Above Grade Finished Area: 4357
  • Below Grade Finished Area: 0

General Information

  • Basement: Slab
  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: In Kitchen

Exterior

Parking Information

  • Open Parking Spaces: 16
  • Parking Features: Garage,On Street,Parking Space,Detached

Lot Information

  • Lot Features: Corner Lot
  • Lot Size Acres: 1.01
  • Lot Size Dimensions: 300x110
  • Lot Size Square Feet: 43908
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Two or More Stories
  • Construction Materials: Vinyl Siding
  • Roof: Asphalt

General Information

  • Number Of Units Total: 24
  • Road Frontage Type: Paved Road
  • Sewer: Public Sewer
  • Utilities: Cable Paid by Individual

611-619 Johnson Avenue Neighborhood

Community

50702 (Waterloo) Demographics

37
Median Age
2,004
Population Density (per sq. mile)
32%
College Educated
$52,655
Estimated Median Income
5,151
Estimated Total Home Owners
3,339
Estimated Total Renters
61% / 39%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

611-619 Johnson Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

611-619 Johnson Avenue Market Data

Based on the last 30 days in this zip code

$219,210
Average List Price
$6,896
Average Price per Square Foot
25
Properties Sold
53
Average Days on Market
75
Properties for Sale
Calculations provided by Reliance Network

611-619 Johnson Avenue History

Date Event Value Agent
8/26/2025Source: Northeast Iowa Regional MLS Added to Database
August 26, 2025
Listing provided courtesy of EPM, IowaNortheast Iowa Regional MLS- MLS# 20254153MLS Provider