301-311 E  3rd St, Waterloo, IA 50701
Property image
Property image
OFF MARKET

301-311 E 3rd St
Waterloo, IA 50701

Franklin Gateway
  • Studio
  • 8,544 sqft (on 0.41 acres)

$1,184,300

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $7,548/mo*

$1,184,300

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $7,548/mo*
Studio
8,544 sqft
(on 0.41 acres)

Home Value

Trulia Estimate
$1.18M
Since last month
Increased$900 (+0.1%)
Since last year
Increased$24K (+2%)
Since last sale
Increased$36K (+3.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -6% in the last 10 years
MonthEstimated value
2026
August 2026$1.19M
July 2026$1.18M
June 2026$1.17M
May 2026$1.15M
April 2026$1.15M
March 2026$1.14M
February 2026$1.14M
January 2026$1.15M
2025

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.22
Multi-Family Home
$550,000
03/20/26
-
23,910
0.70
Multi-Family Home
$550,000
10/01/25
11
5
9,063
0.05
Multi-Family Home
$108,000
08/29/25
-
2,072
0.16
Multi-Family Home
$50,000
10/10/25
-
3,212
0.05
Multi-Family Home
$65,000
09/05/25
-
2,336
0.36
Multi-Family Home
$80,000
12/08/25
-
2,656
0.47
Multi-Family Home
$14,643
12/08/25
-
3,340
1.33
Multi-Family Home
$310,000
04/08/26
-
8,160
0.55
Multi-Family Home
$70,000
12/08/25
-
1,948
0.56
Multi-Family Home
$147,000
10/15/25
4
2
1,728

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.05
-
Studio
-
2,072
Off Market
0.05
$66,800
Studio
-
2,336
Off Market
0.10
$87,500
Studio
-
1,684
Off Market
0.16
$51,300
Studio
-
3,212
Off Market
0.15
$144,200
Studio
-
2,920
Off Market
0.15
$66,800
3
2
1,698
Off Market
0.18
$55,000
4
2
1,656
Recently Sold
0.20
$171,400
3
1.5
2,282
Off Market
0.23
$3,200,000
Studio
-
-
For Sale
0.22
-
4
2
2,302
Off Market

Local Information

  • Map ViewExplore the area around 301-311 E 3rd St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
2014
Lot Size
0.41 acres
Living Area
8,544 sqft
Price/Sqft
$139
Parking
Garage

About this House

Discover an exceptional investment opportunity downtown Waterloo, IA. This multifamily property features (6) units with 2 bedrooms and 2.5 bathrooms per unit. Each unit welcomes you with an inviting open living space on the main level. Amenities include both front and rear entrances, in-unit laundry, gated parking on the rear of the building, fenced in patios, and a two-stall garage per unit. The property is located within walking distance to multiple restaurants, shopping, entertainment, and easy access to public transit and major highways.
301-311 E 3rd St, Waterloo, IA 50701 is a studio, 8,544 sqft multi-family in Franklin Gateway, built in 2014. It last sold for $1,150,000 on Apr 9, 2025 (12% below the $1,300,000 asking price). It is currently off market. The Trulia Estimate is $1,184,300, with a rent estimate of $1,254/month.
Last check for updates: about 7 hours ago
Listed by Phillip Shirk, (319) 239-4446
AWRE - Commercial & Development
Lindsey Mcenaney, (563) 419-7644
AWRE - Commercial & Development
Bought with: Lynette D Sorensen, (319) 504-2789, RE/MAX Concepts - Cedar Falls
Source: Northeast Iowa Regional BOR as distributed by MLS GRID, MLS#20250663

Home Details for 301-311 E 3rd St

Interior Features

Interior Details
Basement: Interior Entry
Dimensions and Layout
Living Area: 8544 Square Feet
Appliances & Utilities
Utilities: OtherLaundry: Gas Dryer Hookup,Washer Hookup
Heating & Cooling
Has CoolingAir Conditioning: Gas

Exterior Features

Exterior Home Features
Roof: Flat
Parking & Garage
GarageParking: Garage,Detached
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 706 Square Feet

Days on Market

Cumulative Days on Market: 78

Property Information

Year Built
Year Built: 2014
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Apartment
Building
Construction Materials: Brick
Property Information
Parcel Number: 891324353016

Price & Status

Price
List Price: $1,300,000
Status Change & Dates
Off Market Date: Sat Mar 29 2025

Active Status

MLS Status: Closed

Location

Direction & Address
City: Waterloo
School Information
Elementary School: CunninghamJr High / Middle School: CentralHigh School: West High

Building

Building Area
Building Area: 8544 Square Feet

Lot Information

Lot Area: 0.41 acres

Listing Info

Special Conditions: Standard

Business

Expense
Tenant Pays: Electricity, Gas, Heat, Trash Collection, Water

Miscellaneous

BasementMls Number: 20250663Above Grade Unfinished Area: 706

Price and Tax history

DateEventPrice
Apr 9, 2025
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20250663
Sold
$1,150,000
Apr 1, 2025
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20250663
Pending
$1,300,000
Feb 18, 2025
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20250663
Listed For Sale
$1,300,000

Market trends in Waterloo

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$194K
$6K
MoM
Sale-to-List Price
99.1%
0.1%
MoM
Price per sq ft
$126
$0
MoM
Available listings
242
5
MoM

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Franklin Gateway

At least 1 Trulia users voted on each feature.
  • 100 % Say it's walkable to grocery stores

  • 100 % Say car is needed

  • 100 % Say there are sidewalks

  • 100 % Say yards are well-kept

  • 83 % Say parking is easy

  • 67 % Say it's dog friendly

  • 67 % Say there's holiday spirit

  • 67 % Say it's walkable to restaurants

  • 67 % Say kids play outside

  • 57 % Say they plan to stay for at least 5 years

  • 50 % Say there are community events

  • 50 % Say streets are well-lit

  • 50 % Say neighbors are friendly

  • 40 % Say people would walk alone at night

  • 33 % Say it's quiet

Sourced by Trulia users. Learn more about our methodology.

LGBTQ Local Legal Protections

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Based on information submitted to the MLS GRID as of 2026-08-20 14:07:40 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

Frequently asked questions about 301-311 E 3rd St

  • What is 301-311 E 3rd St estimated to be worth?
    Trulia's estimated value for 301-311 E 3rd St in Waterloo, IA is $1,184,300.
  • What is the price history for 301-311 E 3rd St?
    301-311 E 3rd St in Waterloo, IA last sold for $1,150,000 in April 2025.
  • Is Waterloo a buyer's or seller's market?
    Waterloo is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Waterloo?
    The median sale price in Waterloo is $194K. That is up $6K from the prior month.
  • Does 301-311 E 3rd St have air conditioning?
    Yes, 301-311 E 3rd St in Waterloo, IA has air conditioning.
  • Does 301-311 E 3rd St have laundry facilities?
    Yes, 301-311 E 3rd St in Waterloo, IA has laundry facilities.

Explore by feature - Pet Friendly

Explore by feature - Garage

Explore by feature - Air Conditioning

Explore by feature - Washer/dryer

Explore by feature - Outdoor Space

Off Market Homes Near 301-311 E 3rd St

Skip to last item
Skip to first item

Homes for sale near 301-311 E 3rd St

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item