301-311 E 3rd St
Waterloo, IA 50701
Franklin Gateway
Studio
8,544 sqft (on 0.41 acres)
$1,165,700
as of Jul 7, 2026
$1,165,700
as of Jul 7, 2026
Studio
8,544 sqft
(on 0.41 acres)
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
Description
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 $1,165,700, with a rent estimate of $1,454/month.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Has Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 301-311 E 3rd St
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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 |
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Exterior Home Features Roof: Flat |
Parking & Garage GarageParking: Garage,Detached |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 706 Square Feet |
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Cumulative Days on Market: 78 |
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Year Built Year Built: 2014 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Apartment |
Building Construction Materials: Brick |
Property Information Parcel Number: 891324353016 |
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Price List Price: $1,300,000 |
Status Change & Dates Off Market Date: Sat Mar 29 2025 |
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MLS Status: Closed |
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Direction & Address City: Waterloo |
School Information Elementary School: CunninghamJr High / Middle School: CentralHigh School: West High |
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Building Area Building Area: 8544 Square Feet |
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Lot Area: 0.41 acres |
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Special Conditions: Standard |
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Expense Tenant Pays: Electricity, Gas, Heat, Trash Collection, Water |
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BasementMls Number: 20250663Above Grade Unfinished Area: 706 |
Last check for updates: 31 minutes 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
Price History for 301-311 E 3rd St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/09/2025 | $1,150,000 | Sold | Northeast Iowa Regional BOR as distributed by MLS GRID #20250663 |
| 04/01/2025 | $1,300,000 | Pending | Northeast Iowa Regional BOR as distributed by MLS GRID #20250663 |
| 02/18/2025 | $1,300,000 | Listed For Sale | Northeast Iowa Regional BOR as distributed by MLS GRID #20250663 |
Market trends in Waterloo
Last updated May 2026
Avg. sale price
$176K
$20.75KMoM
Sale-to-List Price
97.9%
0.3%MoM
Price per sq ft
$121
$9MoM
Available listings
221
11MoM
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Comparable Sales for 301-311 E 3rd St
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 homes
Get a sense of prices in the area by checking nearby homes.
OFF MARKETBethany Benner, Oakridge Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
OFF MARKETBlake Keating, AWRE - Commercial & Development, Northeast Iowa Regional BOR as distributed by MLS GRID
OFF MARKETLance Bertram, Fischels Residential Group, Northeast Iowa Regional BOR as distributed by MLS GRID
SOLDOCT 10, 2025Lindsey Bierman, Epique Realty, Northeast Iowa Regional BOR as distributed by MLS GRID
OFF MARKETLance Bertram, Fischels Residential Group, Northeast Iowa Regional BOR as distributed by MLS GRID
SOLDSEP 10, 2025Abigail Matamoros, Berkshire Hathaway Home Services One Realty Centre, Northeast Iowa Regional BOR as distributed by MLS GRID
OFF MARKETChivas Keller, Keller Williams Greater Des Moines, Northeast Iowa Regional BOR as distributed by MLS GRID
FOR SALE1.16 ACRESRichard Lockard, Realty ONE Group Movement, Northeast Iowa Regional BOR as distributed by MLS GRID
OFF MARKETKendra Bumblauskas, Structure Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
SOLDMAR 20, 2026Michael Taylor, Lockard Realty Company, Northeast Iowa Regional BOR as distributed by MLS GRID
Assigned Schools
These are the assigned schools for 301-311 E 3rd St.
- Cunningham School
- PK-5
- Public
- 410 Students
3/10GreatSchools RatingParent Rating Averagethese people be mean and they need more adults watchin them kids. My niece be crying and stuff.Its okay but they can do betterOther Review11y ago - West High School
- 9-12
- Public
- 1572 Students
3/10GreatSchools RatingParent Rating AverageBorn and raised in Waterloo, Currently 21. Went to Kittrell, Orange, Hoover middle, West High, Hawkeye CC, and currently University of Northern Iowa. West High school will more than prepare your child for their future. They offer a excellent education in whatever your child may seek interest in, as well as superb sports teams. They as well have a detached Career Center building where your child can earn college credits and save money in the process. Teachers are amazing and your child will love it. As my classmates and i did. Police officers keep the peace, multiple counselors and Principals so your children will always be heard. AP classes and more available.Other Review3y ago - Central Middle School
- 6-8
- Public
- 431 Students
1/10GreatSchools RatingParent Rating Averagecares about the education of my child. Issuesa arise becasue often teachers and administrators hands are tied because of district rules making it impossible to get kids who are disruptive and aren't ready for learning out of the classroom - alternative seats are very limited. The teachers and staff work very hard to make every student feel welcome and part of the school. Interesting to read parent complaints when very few parents are involved in anything other than extra-curricular activites. Yes - some teachers could challenge kids more but parents need to be ready to support learning at home.Parent Review12y ago 
Check out schools near 301-311 E 3rd St.
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
LGBTQ Local Legal Protections
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Homes for sale near 301-311 E 3rd St
Brandie White, Berkshire Hathaway Home Services One Realty Centre, Northeast Iowa Regional BOR as distributed by MLS GRID- 1.16 ACRESRichard Lockard, Realty ONE Group Movement, Northeast Iowa Regional BOR as distributed by MLS GRID
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SOLDOCT 22, 2025Sara Junaid, Oakridge Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
SOLDOCT 3, 2025Michael Taylor, Lockard Realty Company, Northeast Iowa Regional BOR as distributed by MLS GRID
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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 2026-07-06 18:22:08 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
Based on information submitted to the MLS GRID as of 2026-07-06 18:22:08 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