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206 E Hempstead Avenue, Fairfield, IA 52556

Fairfield
Local realty services provided by:CENTURY 21 Signature Real Estate
206 E Hempstead Avenue,Fairfield, IA 52556
$295,000
  • - Beds
  • 7 Baths
  • 3,930 sq. ft.
  • Multi-family
  • Active
Listed by: malachi westercamp
Office: mossy oak properties boley real estate
MLS#:6341562
Source:IA_HIMLS

Price summary

  • Price:$295,000
  • Price per sq. ft.:$75.06

About this home

Four-Unit Multifamily Investment Opportunity This one-of-a-kind four-family conversion offers an excellent opportunity for investors looking for an established rental property with strong income potential. Thoughtfully converted into four separate units, the property offers a functional layout and a unique investment opportunity. Each of the four units features 2 bedrooms and 1 bathroom, with shared laundry conveniently located in the common area. All four units are occupied and current monthly rents: - Unit A: $1,065/month - Unit B: $1,025/month - Unit C: $1,225/month - Unit D: $850/month Landlord currently pays the utilities. Recent exterior improvements include a new metal roof and gutters on the north portion of the building in 2024 and new vinyl siding installed in 2022. The property also includes a small garage and outdoor garden shed, adding valuable storage and functionality. With four well managed income-producing units, recent exterior updates,...

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Home facts

  • Year built:1900
  • Subdivision & Development:OLD PLAT FAIRFIELD
  • Listing ID #:6341562
  • Added:5 day(s) ago
  • Updated:August 18, 2026 at 03:51 PM

Rooms and interior

  • Total bathrooms:7
  • Full bathrooms:4
  • Half bathrooms:3
  • Basement:Yes
  • Living area:3,930 sq. ft.

Structure and exterior

  • Year built:1900
  • Building area:3,930 sq. ft.
  • Lot area:0.2 Acres

Finances and disclosures

  • Price:$295,000
  • Price per sq. ft.:$75.06
  • Tax amount:$4,246 (2024)

Parking

  • Garage:Yes
  • Garage spaces:1

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