206 E Hempstead Ave Fairfield, IA 52556
Fairfield AreaEstimated payment $1,972/month
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, 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.
Listing Agent
Mossy Oak Properties Boley Real Estate License #*** Listed on: 08/13/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Parking
- 1
Additional Features
- Lot Dimensions are 66x132
- Forced Air Heating System
Community Details
- Gross Income $49,980
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,246 | $258,500 | $13,200 | $245,300 |
| 2024 | $4,246 | $220,000 | $13,200 | $206,800 |
| 2023 | $3,372 | $157,600 | $13,200 | $144,400 |
| 2022 | $3,886 | $162,800 | $17,800 | $145,000 |
| 2021 | $3,886 | $120,600 | $13,200 | $107,400 |
| 2020 | $3,276 | $120,700 | $13,200 | $107,500 |
| 2019 | $3,802 | $127,600 | $0 | $0 |
| 2018 | $3,916 | $127,600 | $0 | $0 |
| 2017 | $3,916 | $169,400 | $0 | $0 |
| 2016 | $5,784 | $169,700 | $0 | $0 |
| 2015 | $3,242 | $143,300 | $0 | $0 |
| 2014 | $3,242 | $143,300 | $0 | $0 |
| 2013 | $3,248 | $0 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/13/2026 08/13/26 | For Sale | $295,000 | -- | $75 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $270,000 | None Listed On Document | |
| Warranty Deed | $160,000 | None Listed On Document | |
| Warranty Deed | $135,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $498,234 | Credit Line Revolving | |
| Previous Owner | $314,959 | Credit Line Revolving | |
| Previous Owner | $500,000 | Commercial | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $105,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $101,250 | New Conventional | |
| Previous Owner | $93,000 | New Conventional |
Source: NoCoast MLS
MLS Number: NOC6341562
APN: 06-25-332-005
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Listings courtesy of NoCoast MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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