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.
For sale
$49,500
1237 W Mullan Ave, Waterloo, IA 50701
2beds
864sqft
Est.:
Townhouse
Built in 1949
3,049.2 Square Feet Lot
$-- Zestimate®
$57/sqft
$-- HOA
What's special
- 96 days |
- 39 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: December 23, 2025 at 03:01am
Listed by:
Michael Taylor 319-239-3659,
Lockard Realty Company
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20255975
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 864 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: None
Lot
- Size: 3,049.2 Square Feet
- Dimensions: 21X135
Details
- Parcel number: 891326159003
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Vinyl Siding
- Roof: Built-Up
Condition
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: $57/sqft
- Tax assessed value: $38,530
- Annual tax amount: $704
- Date on market: 12/17/2025
- Cumulative days on market: 98 days
Estimated market value
Not available
Estimated sales range
Not available
$771/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/17/2025 | Listed for sale | $49,500$57/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20255975 Report a problem | ||
| 9/29/2019 | Listing removed | $550$1/sqft |
Source: ABD Properties Report a problem | ||
| 9/13/2019 | Listed for rent | $550$1/sqft |
Source: ABD Properties Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $705 +8.5% | $38,530 +18.6% |
| 2024 | $649 +16% | $32,480 |
| 2023 | $560 +2.7% | $32,480 +27.5% |
| 2022 | $545 -14% | $25,480 |
| 2021 | $633 +1.6% | $25,480 -8.9% |
| 2020 | $623 -0.9% | $27,960 |
| 2019 | $629 +0.8% | $27,960 |
| 2018 | $623 -0.1% | $27,960 |
| 2017 | $624 -1.6% | $27,960 |
| 2016 | $634 | $27,960 |
| 2015 | $634 +26.3% | $27,960 +25.2% |
| 2014 | $502 -9.1% | $22,330 -14.7% |
| 2012 | $553 -28.6% | $26,180 |
| 2011 | $774 +3.3% | $26,180 -29.9% |
| 2010 | $749 +2.8% | $37,350 |
| 2009 | $729 +2.2% | $37,350 |
| 2008 | $713 +1.7% | $37,350 +7% |
| 2007 | $701 -0.5% | $34,900 |
| 2006 | $705 +15.2% | $34,900 |
| 2005 | $612 +5.8% | $34,900 +35.4% |
| 2003 | $578 +1.7% | $25,770 |
| 2002 | $568 +10.7% | $25,770 +18% |
| 2001 | $513 | $21,840 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$312/mo
Principal & interest
$255
Property taxes
$57
More affordability tools
Climate risks
Neighborhood: Church Row Historic
Getting around
26 / 100
Some TransitNearby schools
GreatSchools rating
- 2/10Irving Elementary SchoolGrades: K-5Distance: 0.6 mi
- 1/10Central Middle SchoolGrades: 6-8Distance: 2.2 mi
- 2/10East High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Irving Elementary
- Middle: Central
- High: East High
Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 50701
- Iowa
- Black Hawk County
- Waterloo
- 50701
- Church Row Historic
- 1237 W Mullan Ave
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