301-311 E 3rd St
Waterloo, IA 50701
Franklin Gateway- Studio
- 8,544 sqft (on 0.41 acres)
Studio
8,544 sqft
(on 0.41 acres)
Home Value
Trulia Estimate
$1.18MSince 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
| Month | Estimated 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
-- mins to
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
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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 |
Price and Tax history
| Date | Event | Price |
|---|---|---|
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
Avg. sale price
$194K
$6KMoM
Sale-to-List Price
99.1%
0.1%MoM
Price per sq ft
$126
$0MoM
Available listings
242
5MoM
Around this home
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

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
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.

