Affordable. Updated. Hard to replicate. Welcome to 655 W Walnut Street in Waterloo, where small-town living meets space that’s nearly impossible to find at this price point. Situated on four connected city lots totaling approximately 0.60 acres, this well-maintained ranch offers room to spread out while still enjoying the convenience of an in-town location. Inside, you’ll find 3 bedrooms, 1 full bath, and a spacious, functional layout with an updated kitchen, ample cabinet and countertop space, and room for gathering with family and friends. The home’s size is deceiving from the street and lives larger than expected once inside. Major improvements have already been taken care of, including updated furnace, central air, water heater, and roof. Most appliances remain with the home, making this a truly move-in-ready opportunity. Outside is where this property really shines. The heated and insulated outbuilding offers space for vehicles, storage, hobbies, a workshop, or recreational equipment. One side of the property provides plenty of open space for entertaining, sports, pets, or gardening, while the tree-lined portion creates a private setting rarely found within town limits. USDA financing eligible for qualified buyers. If you’ve been looking for an affordable home with updates already completed, a large lot, and an outbuilding with endless possibilities, 655 W Walnut Street deserves a closer look.