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

301-311 E 3rd St
Waterloo, IA 50701

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

$1,153,700

Trulia Estimate
as of May 22, 2026
Est. Refi. Payment $7,214/mo*

$1,153,700

Trulia Estimate
as of May 22, 2026
Est. Refi. Payment $7,214/mo*
Studio
8,544 sqft
(on 0.41 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from April 09, 2025

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

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

Rental Terms, Policies & Fees

Lease Term: Over 9 Months

Miscellaneous

BasementMls Number: 20250663Above Grade Unfinished Area: 706
Last check for updates: about 5 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

Price History for 301-311 E 3rd St

DatePriceEventSource
04/09/2025$1,150,000Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20250663
04/01/2025$1,300,000PendingNortheast Iowa Regional BOR as distributed by MLS GRID #20250663
02/18/2025$1,300,000Listed For SaleNortheast Iowa Regional BOR as distributed by MLS GRID #20250663
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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
0.10
Multi-Family Home
$85,000
06/20/25
-
1,684
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

Nearby homes

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Assigned Schools

These are the assigned schools for 301-311 E 3rd St.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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

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Homes for sale near 301-311 E 3rd St

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Off Market Homes Near 301-311 E 3rd St

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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 2026-05-22 06:12:18 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

Homes for rent near 301-311 E 3rd St

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301-311 E 3rd St, Waterloo, IA 50701 is a studio, 8,544 sqft multi-family built in 2014. 301-311 E 3rd St is located in Franklin Gateway, Waterloo. This property is not currently available for sale. 301-311 E 3rd St was last sold on Apr 9, 2025 for $1,150,000 (12% lower than the asking price of $1,300,000). The current Trulia Estimate for 301-311 E 3rd St is $1,153,700.