1 1/2 Story Starter Home in Great Location 2040 Waterloo Rd, Cedar Falls, IA FOR SALE BY OWNER 3 bed 1 bath Built in 1926, 1044 sq. ft. Convenient location, located near the 5 corners intersection in Cedar Falls (Rainbow Rd and 18th) Recent remodel on main floor. Also, fresh paint in main bedroom, and front porch. Unfinished basement All appliances are included Deck on the front. Single stall attached garage. Great starter home $165,000 Call Mike Young with any questions or if you would like to set up a time to see it.
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Around this home
Schools
K - 12
Preschool & daycare
Cedar Heights Elementary School
Public PreK-6 • Assigned • 0.8mi
4/10
Peet Junior High School
Public 7-9 • Assigned • 0.4mi
8/10
Cedar Falls High School
Public 10-12 • Assigned • 2.3mi
6/10
Provided by GreatSchools
About Northwest Cedar
Heights
Northwest Cedar Heights, located between University Avenue and Hudson Road, is a residential and suburban Cedar Falls neighborhood with curving streets and mature tree cover. The neighborhood’s character concentrates around the University Avenue corridor near Prairie Parkway, where coffee counters, local eateries, and everyday errands create a steady hum. Housing leans toward late-20th-century single-family builds with tidy setbacks and attached garages, plus pockets of newer infill. Sidewalk loops and small greenspaces shape a walk-and-roll routine. Nearby trail links and athletic fields add an outdoors-forward rhythm without leaving the northwest side.
Provided by Walk Score and Local Logic
Market insights
2040 Waterloo Rd · $165,000
DAYS ON MARKET
1 days
The average home goes pending in 13 days.
SALE-TO-LIST
98.3%
Most homes are selling 2% below list price.
LIST PRICE
$165,000
Median sale price in this area is $224,536. (36% higher than this home)
PRICE DROP
0 price drops
30% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Kitchen
Refrigerator
Microwave
Dishwasher
Pantry
Exterior features
Deck
Porch
Parking
1 garage space
Construction
Built in 1926
Sale and tax history for 2040 Waterloo Rd
Sale History
Tax History
Date
Event
Price
FSBO.com #cmw5cxboj007ms601m4k4s8t7
Nov 6, 2026
Listed
$165,000
$158/sq ft
NEIRBR as distributed by MLS GRID #20225365
Mar 8, 2023
Sold
$127,500
$122/sq ft
Jan 17, 2023
Pending
—
Dec 19, 2022
Price Changed
$130,000
$125/sq ft
Dec 12, 2022
Price Changed
$135,000
$129/sq ft
Dec 2, 2022
Price Changed
$138,000
$132/sq ft
Nov 20, 2022
Listed
$140,000
$134/sq ft
+15
Welcome to this single family home. It has 3 bedrooms! 1 bathroom on the main floor. In the bathroom is your washer and dryer as well! This home has LOTS of UPDATES! Plumbing updated in 2021, electrical system updated in 2021, new windows on main floor done in 2021, deck was done in 2022, flooring and carpet put in 2022, roof was put on in 2020.
NEIRBR as distributed by MLS GRID #20194780
Jul 28, 2020
Sold
$55,000
$53/sq ft
Sep 6, 2019
Listed
$60,000
$57/sq ft
+6
This house is looking for some TLC, but has a lot of potential. On the main floor are two bedrooms, a Jack and Jill bathroom, a dining room, family room, and kitchen. On the front of the house is an enclosed porch, and on the back is an attached garage. Upstairs you will find one more bedroom.
Year
Property tax
Land + Additions
Assessment*
2026
$2,184 (+2.7%)
$18,380 + $127,070
$145,450
2025
$2,126 (−4.9%)
$18,380 + $127,070
$145,450
2024
$2,236 (+3.9%)
$18,380 + $127,070
$145,450
2023
$2,152 (+11.5%)
$18,380 + $113,710
$132,090
2022
$1,930 (+6.9%)
$18,380 + $124,670
$143,050
2021
$1,806 (−19.7%)
$18,380 + $98,210
$116,590
2020
$2,250 (+42.6%)
$15,750 + $81,240
$96,990
2019
$1,578 (+0.5%)
$15,750 + $81,240
$96,990
2018
$1,570 (−2.4%)
$15,750 + $81,240
$96,990
2017
$1,608 (+7.1%)
$15,750 + $81,240
$96,990
2016
$1,502 (+6.4%)
$15,750 + $81,240
$96,990
2014
$1,412
$15,750 + $77,550
$93,300
Public record
Beds
3
Baths
1
Stories
—
Lot width
70 ft.
Lot depth
78 ft.
Lot size
5,445 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
963
Unfinished Sq. Ft.
—
Total Sq. Ft.
963
Year built
1926
Style
Single Family Residential
County
Black Hawk County
APN
891318158014
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 14, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Cedar Falls, IA • 50613
Average low and high temperatures (°F)
26
10
34
16
55
32
61
41
72
50
82
62
84
67
80
62
79
56
66
47
47
32
32
17
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Cedar Falls. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2040 Waterloo Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More