# 314 Lester Street, Waterloo, IA 50703

> **TL;DR:** residential multi family, $90,000, built 1916.
> A/C. Est. $390/mo. Listed 11 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $90,000 |
| Year Built | 1916 |
| Lot Size | 7,841 sqft (0.18 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 11 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $390 |
| **Total** | **$390** |

## Nearby Schools

- **Elementary:** Cunningham
- **Middle:** George Washington Carver Academy
- **High:** East High

## Key Amenities

- A/C

## Property Highlights

- Built in 1916
- 0.18 acre lot
- 2 stories

## Description

### Agent Description
Great cash flow investment opportunity directly across from Gates Park! Fully rented triplex provides immediate cashflow. Unit 1-1 bed 1 bath with stove and refrigerator $475/mo. Unit 2-1 bed 1 bath with stove and refrigerator $525/mo. Unit 3-1 bed 1 bath with stove and refrigerator $375/mo. Each unit has its own electric meter. Owner currently pays water, snow removal & lawn care. Seller has proactively maintained units with multiple updates including: newer flooring, paint, cabinets, countertop, shower.

## Location

- **Address:** 314 Lester Street, Waterloo, IA 50703
- **County:** Black Hawk
- **Coordinates:** 42.518039, -92.330408
- **Google Maps:** https://www.google.com/maps?q=42.518039,-92.330408

## Listing Agent

- **Name:** Dave Woods
- **Brokerage:** Oakridge Real Estate
- **Phone:** 3192422720
- **Email:** dave.woods@oakridge.net

## Primary Photo

![314 Lester Street - Primary Photo](http://lh.rdcpix.com/d1f9152cdcecea595f7f6c3d095fb3b2l-f2158096430r.jpg)

*24 total photos available on [listing page](https://www.propertysimple.com/listing/314-lester-street-waterloo-ia-50703-20261233)*

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**MLS#:** 20261233 | **Updated:** 2026-04-24
**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.com/listing/314-lester-street-waterloo-ia-50703-20261233)

---

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