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Waterloo, IA Townhomes for Sale

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  • /36

    $124,900

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    434 Belmont Ave, Waterloo, IA 50701

    Tucked into a Waterloo neighborhood where daily life feels simple and manageable, this thoughtfully renovated townhouse offers a practical layout paired with comfortable outdoor space. From the moment you arrive, the home presents an easygoing lifestyle—one designed for low maintenance and everyday convenience. Stepping through the front door, the main level unfolds into a welcoming living room

    Lynette Sorensen RE/MAX Concepts - Cedar Falls

    434 Belmont Ave, Waterloo, IA 50701
  • /22

    $329,900

    • 3 Beds
    • 2.5 Baths
    • 2,186 Sq Ft

    3365 Lincolnshire Rd, Waterloo, IA 50701

    Newer construction two-story twin-home located in the desirable Lincolnshire Addition, the 'Harrison' twin-home offers a spacious open concept throughout. This layout offers a large L-Shaped kitchen with premier cabinetry and quartz countertops. The main floor bathrooms make it convenient for entertaining family and friends. There are three bedrooms on the second floor, including a large primary

    Nicolas Moran Realty ONE Group Movement

    3365 Lincolnshire Rd, Waterloo, IA 50701
  • /8

    $70,000

    • 2 Beds
    • 1 Bath
    • 1,020 Sq Ft

    418 Oaklawn Ave, Waterloo, IA 50701

    Welcome home to this inviting 2-bedroom, 1-bath townhouse in Waterloo — offering comfort, convenience, and low-maintenance living in a great location. Step inside to a bright and functional main level featuring a spacious living area perfect for relaxing or entertaining. The adjoining kitchen offers ample cabinet space and a practical layout that makes everyday living easy. Upstairs, you’ll find

    Chase Lyons Oakridge Real Estate

    418 Oaklawn Ave, Waterloo, IA 50701
  • /8

    $49,500

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    1227 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.

    Mike Taylor Lockard Realty Company

    1227 W Mullan Ave, Waterloo, IA 50701
  • /8

    $49,500

    • 2 Beds
    • 1 Bath
    • 432 Sq Ft

    1223 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$700 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property.

    Mike Taylor Lockard Realty Company

    1223 W Mullan Ave, Waterloo, IA 50701
  • /7

    $49,500

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    1229 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.

    Mike Taylor Lockard Realty Company

    1229 W Mullan Ave, Waterloo, IA 50701
  • /8

    $49,500

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    1235 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.

    Mike Taylor Lockard Realty Company

    1235 W Mullan Ave, Waterloo, IA 50701
  • /8

    $49,500

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    1237 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.

    Mike Taylor Lockard Realty Company

    1237 W Mullan Ave, Waterloo, IA 50701
  • /8

    $49,500

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    1231 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.

    Mike Taylor Lockard Realty Company

    1231 W Mullan Ave, Waterloo, IA 50701
  • /7

    $49,500

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    1225 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.

    Mike Taylor Lockard Realty Company

    1225 W Mullan Ave, Waterloo, IA 50701
  • /8

    $49,500

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft

    1233 W Mullan Ave, Waterloo, IA 50701

    Welcome to this affordable townhouse community, offering excellent investment potential. Each townhouse features a functional 2-bedroom, 1-bath layout and has a rental history ranging from $550–$650 per month per unit. A solid opportunity for investors seeking steady rental income in a practical, easy-to-maintain property or first time homebuyer.

    Mike Taylor Lockard Realty Company

    1233 W Mullan Ave, Waterloo, IA 50701

Why Live in Waterloo

Waterloo combines family entertainment and outdoor recreation with the Lost Island Waterpark and adjacent Theme Park providing summer thrills. The Cedar Valley Arboretum & Botanic Gardens creates peaceful spaces for nature walks, while the Cedar Valley Nature Trail system extends through the city for hiking and biking. Cultural attractions include the Grout Museum District, Sullivan Brothers Iowa Veterans Museum, and the Waterloo Center for the Arts. The dining scene features local institutions like The Brown Bottle, housed in the historic Russell Lamson Building since 1972, alongside casual spots such as SingleSpeed Brewing and El Patron Family Mexican Restaurant.

The housing market presents diverse options across price points. The median sale price for homes in Waterloo is $164,000. Single family homes comprise most available properties, with median prices varying by neighborhood from $60,500 in Cityview to $140,600 in Maywood. The median townhome price sits at $97,400, while one bedroom condos have a median price of $83,900 and two bedroom condos $159,400.

The cost of living in Waterloo stands 13.1% below the national average. A family with school age children needs approximately $92,000 annually to live comfortably, while renters require about $44,000. Property taxes in Black Hawk County run 1.53%, with a 6.94% combined sales tax rate. Monthly housing costs average $1,900 for families and $1,300 for renters. Groceries cost about 4% less than the national average.

Waterloo Christian School serves multiple neighborhoods with AMinus ratings for its elementary through high school programs. Major employers include John Deere's manufacturing facility, UnityPoint Health, and Tyson Fresh Meats. The Metropolitan Transit Authority connects Waterloo to Cedar Falls, while the regional airport provides commercial flights. Downtown features historic architecture, shops, and the RiverLoop Amphitheatre along the Cedar River.

Home Trends in Waterloo, IA

Housing Trends

Median Sale Price
$136,000
Median Single Family Sale Price
$134,900
Median Townhouse Sale Price
$49,500
Median 2 Bedroom Sale Price
$136,000
Median 1 Bedroom Sale Price
$77,500
Average Price Per Sq Ft
$142
Number of Homes for Sale
83
Last 12 months Home Sales
443
Months of Supply
2.20
Median List Price
$139,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
5%
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