Zumper
modified
5+ Days Ago

Highlights

  • Pet Friendly
  • Vaulted ceilings
  • Large windows
  • Laundry hook ups
  • On-site laundry room
  • Pet friendly

Location

416 Sullivan Ave, Waterloo, IA 50701, USA|Church Row Historic
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Contact

Management

DWB Investments, LLC

Leasing office

(844) 325-9226 ext. 4100

Property Overview

416 Sullivan Avenue offers exceptional value, earning top expert ratings for price, amenities, quality, and a strong location with convenient access to key destinations. The property features vaulted ceilings, large windows, pet-friendly policies, laundry hook ups plus an on-site laundry room, and 28 photos that give a clear sense of the space. High trustworthiness and overall ratings indicate a well-managed, transparent option for renters seeking a comfortable and well-equipped home.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.4
Excellent
416 Sullivan Avenue is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.

Things you’ll love

  • Dishwasher
  • Images Available
  • Laundry available on site

Great for

  • Pet owners

Floor plans

416 Sullivan Avenue - W-1061 bed1 bath$600 /moThis 1bd 1ba apartment is part of the Affordable Housing Program and is located in the Historic Building at 416 Sullivan Ave. in Waterloo, IA. This apartment is on the lower level. The laundry room is conveniently on the same floor. Laundry hook ups in unit also available. Pet friendly with $50/pet per month. Landlord is responsible for Water, sewer and garbage. Average utility bill is around $75/month. Section 8 accepted.
416 Sullivan Avenue - W-1053 bed2 bath1,130 sqft$900 /moSpacious 3 Bed / 2 Bath Affordable Housing Unit – Available June 1st Property Address: 416 Sullivan Ave, Apt. #105 Waterloo, IA 50701 This recently updated and spacious 3-bedroom, 2-bathroom apartment is located in the historic Sullivan Building in Waterloo and is part of the Affordable Housing Program. The apartment offers over 1,100 square feet of living space and will be available for move-in June 1, 2026. Key Features: Rent: $900/month Located on the 2nd floor (just one flight of stairs from main entrance) In-unit laundry hookups and on-site laundry room Pet friendly: $50/month per pet Landlord responsible for lawn care and snow removal Average utility cost: approximately $50/month Section 8 vouchers accepted Conveniently located and thoughtfully updated, this apartment offers both comfort and affordability in a historic setting. Interested in applying? Please complete the rental application at: https dwbinvestmentsllc managebuilding com Resident rental-application new

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Amenities for 416 Sullivan Avenue

Apartment Amenities

Trash IncludedUtilities/Sewer
Water

Building

Cats OKDogs OK
Onsite Laundry

Services

On-Site Management
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time.

Contact Property

OPTIONAL FEES

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Cat

Pet Terms

1 cat max.

Dog

Pet Terms

1 dog max.

Questions about this property’s policies and fees?

Building details

Property details

Units2
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About 416 Sullivan Avenue

HomeApartments in WaterlooChurch Row Historic 416 Sullivan Avenue

Spacious 3 Bed / 2 Bath Affordable Housing Unit – Available June 1st Property Address: 416 Sullivan Ave, Apt. #105 Waterloo, IA 50701 This recently updated and spacious 3-bedroom, 2-bathroom apartment is located in the historic Sullivan Building in Waterloo and is part of the Affordable Housing Program. The apartment offers over 1,100 square feet of living space and will be available for move-in June 1, 2026. Key Features: Rent: $900/month Located on the 2nd floor (just one flight of stairs from main entrance) In-unit laundry hookups and on-site laundry room Pet friendly: $50/month per pet Landlord responsible for lawn care and snow removal Average utility cost: approximately $50/month Section 8 vouchers accepted Conveniently located and thoughtfully updated, this apartment offers both comfort and affordability in a historic setting. Interested in applying? Please complete the rental application at: https dwbinvestmentsllc managebuilding com Resident rental-application new


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.4
/10
Excellent
416 Sullivan Avenue is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
How we rated 416 Sullivan Avenue
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
416 Sullivan Avenue offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
416 Sullivan Avenue stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
416 Sullivan Avenue is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
416 Sullivan Avenue has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

416 Sullivan Avenue is great for:

Pet owners

  • 1 pet supply store near the property

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 416 Sullivan Avenue compares to other nearby properties.

Positives

Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit
Walk-in closet
More closet space on average

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Rent trends in Church Row Historic

1-bedroom apartments here are priced about the same as 1-bedrooms in Church Row Historic.

3-bedroom apartments at 416 Sullivan Avenue cost about the same as the average rent price for 3-bedroom apartments in Church Row Historic.

Median rents as of May 2 2026.
Church Row Historic
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
May 2024$764
June 2024$918
July 2024$1,200
August 2024$1,200
September 2024$1,187
October 2024$1,187
November 2024$1,120
December 2024$1,106
January 2025$1,100
February 2025$1,062
March 2025$1,100
April 2025$1,100
May 2025$1,100
June 2025$1,072
July 2025$975
August 2025$1,100
September 2025$1,105
October 2025$991
November 2025$841
December 2025$666
January 2026$600
February 2026$692
March 2026$696
April 2026$836
May 2026$700
A table of studio rental data trends in Church Row Historic
MonthMedian Rent
May 2024$500
December 2025$590
January 2026$550

Affordability calculator

Can I afford to live at 416 Sullivan Ave?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$24,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $24,000 annually to afford this 1-bedroom monthly rent price of $600.
For more information on rent affordability, visit our rent calculator.

Schools near 416 Sullivan Avenue

Irving Elementary School

1115 w 5th st

waterloo, IA, 50702

PK, K-5Public
C

Bess Streeter Aldrich Elementary School

2526 ashworth dr

cedar falls, IA, 50613

PK, K-6Public
A

Cedar Falls Virtual Campus

1002 w 1st st

cedar falls, IA, 50613

K-12Public
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Internet available near 416 Sullivan Avenue

Neighborhood

Church Row Historic | Waterloo, IA

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Waterloo near 416 Sullivan Ave

Walking

5/10
Some shops and stores are within a few minutes.

Driving

6/10
This area is close to freeways and has adequate parking options.

Points of interest for 416 Sullivan Ave, Waterloo

Groceries

6/10
At least one grocery store within a 15-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

2/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 20-minute walk

High schools

1/10
No high schools within a 30-minute walk

Nightlife

3/10
Few or no bars within walking distance

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