122 S Main St Fairfield, IA 52556
Estimated payment $1,026/month
About This Home
Own this triplex right off the square and be on the pulse of downtown Fairfield action! This money-making, seldom vacant triplex can bring in $2000 a month fully rented. Live in the spacious 2 bedroom main level apartment and open your business in this property located ideally for retail or any business! Your office greats maximum exposure here! Separately metered electric but water and heat are included in the rent. Come tour today and discover the many charming features of each spacious apartment--add value with a few key updates. The bones are solid and the timeless architectural details like beamed ceilings and unusually roomy kitchens bring potentiality. Add your personal touch and maximize value--don't miss the excellent price-to-income ratio! Here, rental income offsets your monthly mortgage payments. Calling all savvy investors or homeowners looking to build equity. Large units, high ceilings, and abundant natural light make this todays standout deal!
Listing Agent
Fairfield Real Estate Brokerage Phone: 641-472-2353 Listed on: 08/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,948
Year Built
- Built in 1900
Home Design
- Brick Exterior Construction
- Block Exterior
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 44x87
- Forced Air Heating System
Community Details
- Gross Income $25,440
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,948 | $116,900 | $8,400 | $108,500 |
| 2024 | $1,948 | $100,900 | $8,400 | $92,500 |
| 2023 | $2,178 | $100,900 | $8,400 | $92,500 |
| 2022 | $2,508 | $105,100 | $11,300 | $93,800 |
| 2021 | $2,508 | $77,900 | $8,400 | $69,500 |
| 2020 | $2,114 | $77,900 | $8,400 | $69,500 |
| 2019 | $2,052 | $68,900 | $0 | $0 |
| 2018 | $2,114 | $68,900 | $0 | $0 |
| 2017 | $2,114 | $82,900 | $0 | $0 |
| 2016 | $2,826 | $82,900 | $0 | $0 |
| 2015 | $2,138 | $58,500 | $0 | $0 |
| 2014 | $2,138 | $58,500 | $0 | $0 |
| 2013 | $2,316 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/24/2025 08/24/25 | Price Changed | $165,000 | +6.5% | $83 / Sq Ft | |
| 08/23/2025 08/23/25 | Price Changed | $155,000 | -6.1% | $78 / Sq Ft | |
| 01/01/2025 01/01/25 | For Sale | $165,000 | +146.3% | $83 / Sq Ft | |
| 01/31/2012 01/31/12 | Sold | $67,000 | -10.7% | $34 / Sq Ft | View Prior Sale |
| 12/30/2011 12/30/11 | Pending | -- | -- | -- | |
| 04/07/2010 04/07/10 | For Sale | $75,000 | -- | $38 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $67,000 | None Available | |
| Warranty Deed | $53,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $53,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $60,000 | Future Advance Clause Open End Mortgage |
Source: NoCoast MLS
MLS Number: NOC6323902
APN: 06-25-353-012
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