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3306 Midway Dr, Waterloo, IA, 50701

--beds
--baths
3,948sqft
$350,000
$89price/sqft
$2,933/moest. monthly cost
$117,320/yrincome needed

About This Home

Situated on a spacious corner lot with a Waterloo address in the Cedar Falls School District, this duplex offers space, flexibility, and endless possibilities. Enjoy the massive yard filled with mature trees, beautiful landscaping, and a large patio perfect for entertaining or relaxing outdoors. Recent updates include the windows, siding, roof, and gutters for added peace of mind. Inside, multiple living areas provide room to spread out, while the unfinished basement offers potential for additional family space or bedrooms. The open office can easily be converted into another bedroom. The second unit is a vacant attached suite, ideal for multigenerational living, guests, a nanny, college student, private office, or rental income. Car enthusiasts and hobbyists will love the detached triple garage, offering ample space for vehicles, storage, or a workshop.

Getting Around

41
WalkingCar-Dependent
23
TransitMinimal Transit
47
BikeSomewhat Bikeable

Schools

4/10
8/10
Peet Junior High SchoolGrades 7-91.8 mi
6/10
Cedar Falls High SchoolGrades 10-123.7 mi

Construction

Condition

  • Year built: 1951

Materials

  • Roof: Asphalt
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Laundry features: Lower Level

Basement

  • Has basement: Yes
  • Basement: Partially Finished

Cooling

  • Cooling features: Central Air

Features

  • Finished area below ground: 1,784
  • Finished area above ground: 2,164

Interior Area

  • Total structure area: 3,948
  • Total interior livable area: 3,948 sqft

Property

Details

  • Parcel number: 891320255001
  • Zoning: R-1
  • Special condition: Standard

Lot

  • Lot size: 0.60 Acres
  • Lot size dimensions: 109x241

Parking

  • Total spaces: 10
  • Parking features: Attached,Garage,Parking Pad,Paved,Multiple
  • Has uncovered spaces: Yes
  • Uncovered spaces: 10

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Winter Weather
Hail
Strong Wind
Tornado

FEMA Declared Disasters Across Iowa Counties

Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$313$3,756
Property Taxes $557$6,684
Electricity $294$3,533
Total$2,933$35,196
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$100,560/yr
40% on housing$87,990/yr
45% on housing$78,213/yr

Iowa FAIR Plan Programs

Iowa FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 1,021Commercial: 22
Total Premiums$1.14M
Total Exposure$85.68M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.2%
13.2%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: -1.2%
-1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$89This listing

vs Other Active Listings

Avg $/sqft

ZIP 50701$135
Black Hawk County$138

vs Homes Sold Last Month

Median $/sqft

ZIP 50701$122
Black Hawk County$123

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-17Price change$340,000
2026-07-24Listed for sale$350,000
2016-01-28Sold$215,500
2005-06-13Sold$225,000

For Sale by Agent

AgentPhillip D Shirk
BrokerageAWRE-Commercial & Development

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