1721 & 1723 Falls Ave, Waterloo, IA, 50701

About This Home

Fully Leased, monthly rents of $1950/month! Don’t miss this well-maintained side-by-side duplex located in a convenient west Waterloo neighborhood near University Avenue. Each unit offers approximately 900 square feet of comfortable living space, featuring 2 bedrooms and 1 bathroom—ideal for tenants or owner occupancy. Both units include spacious layouts with large bedrooms, great kitchens, and full basements—perfect for storage or additional usable space. Tenants will appreciate the convenience of washer/dryer hookups, central air, and off-street parking. Recent updates include new roof, new siding, gutters, newer furnace/ AC units, and new water heaters. The property also benefits from separate utilities, helping maximize investment potential. Situated close to shopping, dining, schools, and local attractions, this duplex offers strong rental appeal in a steady market. Whether you’re looking to expand your investment portfolio or live in one unit while renting the other, this property is a smart and versatile opportunity.