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225 Clymer Road, Hiawatha, IA 52233

Hiawatha
Local realty services provided by:CENTURY 21 Signature Real Estate
225 Clymer Road,Hiawatha, IA 52233
$850,000
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  • 9 Beds
  • 3 Baths
  • 5,250 sq. ft.
  • Multi-family
  • Active
Listed by: jj johannes
Office: epique realty
MLS#:734600
Source:IA_DMAAR

Price summary

  • Price:$850,000
  • Price per sq. ft.:$161.9

About this home

This brand-new multifamily property in Hiawatha offers investors a rare opportunity to acquire a newly constructed, income-producing asset with immediate stabilization and limited near-term capital needs. With a current rent roll of $6,500 per month and approximately $78,000 in gross annual income, the property is already producing reliable cash flow from day one. Based on a purchase price of $850,000 and NOI of $65,600, the property is positioned at an approximately 7.72% cap rate, offering a compelling yield in a high-demand market. For investors focused on income, this is a clean, modern asset with built-in efficiency and strong long-term hold potential. The property consists of three two-story units, each offering approximately 1,750 finished square feet with 3 bedrooms and 2.5 bathrooms. Units feature open-concept main levels, spacious living areas, modern kitchens, and dining spaces, along with white cabinetry, quartz countertops, stainless steel appliances, and durable...

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Home facts

  • Year built:2026
  • Listing ID #:734600
  • Added:120 day(s) ago
  • Updated:June 10, 2026 at 02:48 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Flooring:Carpet, Hardwood
  • Kitchen Description:Dishwasher, Microwave, Refrigerator, Stove
  • Living area:5,250 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas, Natural Gas
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:2026
  • Building area:5,250 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Rectangular Lot
  • Architectural Style:Two Story
  • Construction Materials:Vinyl Siding
  • Foundation Description:Poured, Slab
  • Levels:2 Story

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$161.9
  • Tax amount:$464 (2026)

Features and amenities

  • Appliances:Dishwasher, Microwave, Refrigerator, Stove
  • Laundry features:Upper Level
  • Amenities:Smoke Detectors

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