USAIAFairfieldOld Plat Fairfield206 E Hempstead Ave
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New
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$295,000

For Sale

4 days ago

206 E Hempstead Ave, Fairfield, IA

House

MLS® 6341562

0 Bed

7 Bath

3930 sqft

1 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 3930 sqft
Garage Yes
Taxes $4,246
Days Active 4
Lot Size 0.2 Acres
Approx. Age 1900
Avg. Price Per Sqft $75
MLS® Number 6341562

Property Address: 206 E Hempstead Ave, Fairfield, IA, 52556-2917

Average square foot calculated using Size range provided by listing agent.

Description

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, and a unique conversion that offers plenty of character, this property presents an excellent opportunity for both seasoned investors and those looking to expand their rental portfolio. This property is owned by the Listing Agent.
MLS® Number6341562
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1900
BasementFinished
Driveway
Garage Spaces
HeatForced Air
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 13, 2026List Date
$295,000List Price
  • Commute

Commute

Starting Address
Destination Address
206 E Hempstead Ave, Fairfield, IA

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