NOT LISTED FOR SALE

409 W Hempstead Ave Fairfield, IA 52556

Fairfield Area
5 Beds
3 Baths
1,940 Sq Ft
5,227 Sq Ft Lot

Sale Details

Date Sold: January 29, 2025

Last sale price $145,000 $75 Per Sq Ft

About This Home

As of January 2025

Investors special--this triplex can bring in $2000 a month in rental income! Apt A downstairs is rented for $700 a mos and B (vacant) is $525/mos and C is $500/mos currently=$1725/mos. Apt B is vacant and C and A are rented on a month to month basis. With a little elbow grease, these roomy bright apts have great potential and many charming features! Separate water & electricity meters for each apt but new furnace provides heat for whole house & is split three ways --to keep your tenants toasty warm! This corner lot property at Hempstead & 5th has mature trees --3 pear trees and a White Pine which add natural charm-plenty of room here to build a custom garage! Recent updates include new vinyl plank flooring in Apt C upstairs, while Apt B has new vinyl kitchen flooring. Exterior of the home & the wrap around deck have been completely painted in 2024. This is something you should definitely consider if you are looking for a great investment --schedule your tour today!

Last Agent to Sell the Property

Lisa Moseley

Village Realty License #*** Listed on: 11/21/2024

Last Buyer's Agent

Andrew Edlin

Miller Realty

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,658

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 41x132

Home Design

  • Triplex
  • Brick Exterior Construction
  • Block Exterior
  • Cement Board or Planked

Interior Spaces

  • 1,940 Sq Ft Home
  • Unfinished Basement
  • Stone Basement

Utilities

  • Forced Air Heating System

Community Details

  • 3 Units
  • Gross Income $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,658

Year Built

Built in 1900

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Accessible: None
  • Legal Description: GAGES W 24 1/2 LT 4 BLK 1 & STRIP 16 1/2' X 132' ADJ ON WEST & IRELANDS LT 2 BLK 2
  • Year Built: 1900
  • Stories: 2 Stories
  • OFFICELIST_ADDRESS: 409 W Hempstead Avenue
  • Distribute To Internet: Yes
  • List Office I D: 708
  • Sales Office I D: 864
  • Selling Agent: 3802
  • Street Designation: Avenue
  • Building Style: Triplex
  • Unit 1 Air Conditioning: None
  • Unit 1 Amenities: Deck, Porch, Kitchen Window, Walk-In Closet
  • Unit 1 Appliances: Range, Refrigerator
  • Unit 1 Bathrooms Description: Main Floor Full Bath
  • Unit 1 Dining Room Description: Living/Dining Room
  • Unit 1 Family Room Chars: Main Level
  • Unit 1 Fireplace Chars: Living Room, Family Room
  • Unit 1 Special Search: 3 BR on One Level
  • Unit 1 B2 Level: Main
  • Unit 1 B3 Level: Lower
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Total Bathrooms: 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Dining Room Level: Main
  • Unit 1 E1 Level: Main
  • Unit 1 Fireplace Number: 1
  • Unit 1 Family Room Level: Main
  • Unit 1 Kitchen Level: Main
  • Unit 1 Living Room Level: Lower
  • Unit 1 Month Rent: 700
  • Unit 1 Rooms Total: 5
  • Unit 2 Air Conditioning: None
  • Unit 2 Amenities: Porch, Natural Woodwork, Kitchen Window
  • Unit 2 Appliances: Range, Refrigerator
  • Unit 2 Bathrooms Description: Upper Level Full Bath
  • Unit 2 Dining Room Description: Eat In Kitchen
  • Unit 2 B1 Level: Upper
  • Unit 2 B2 Level: Upper
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Total Bathrooms: 1
  • Unit 2 Bedrooms: 1
  • Unit 2 Dining Room Level: Upper
  • Unit 2 Kitchen Level: Upper
  • Unit 2 Living Room Level: Upper
  • Unit 2 Month Rent: 500
  • Unit 2 Number of Units: 2
  • Unit 2 Rooms Total: 4
  • Unit 3 Air Conditioning: None
  • Unit 3 Amenities: Porch, Dock, Kitchen Window
  • Unit 3 Appliances: Range, Refrigerator
  • Unit 3 Bathrooms Description: Main Floor Full Bath
  • Unit 3 Dining Room Description: Eat In Kitchen
  • Unit 3 B1 Level: Upper
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Dining Room Level: Upper
  • Unit 3 Family Room Level: Upper
  • Unit 3 Kitchen Level: Upper
  • Unit 3 Living Room Level: Upper
  • Unit 3 Month Rent: 525
  • Unit 3 Number of Units: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Basement: Concrete Block, Stone, Unfinished
  • Price Per S Q F T: 74.74
  • Above Grade Finished Sq Ft: 1940
  • Fireplace: No
  • Total Finished Sq Ft: 1940

Exterior Features

  • Exterior: Brick/Stone, Cement Board, Block, Other

Garage/Parking

  • Fuel: Natural Gas

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected

Association/Amenities

  • Complex/Development/Subdivision: GAGES

Fee Information

  • Expense Caretaker: 200
  • Tax Class: MULTI-FAMILY (2-4 UNITS)

Lot Info

  • Acres: 0.12
  • Geo Update Timestamp: 2024-11-22
  • Total Assessed Value: 78000
  • Assessment Pending: No
  • Homestead Description: None
  • Lot Dimensions: 41X132
  • Lot Size Sq Ft: 5227.2
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2022
  • Gross Taxes: 1658
  • Net Taxes: 1438

Multi Family

  • Total Units: 3

MLS Schools

  • School District: 2169 - Fairfield

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
01/29/2025 01/29/25 Sold $145,000 -7.6% $75 / Sq Ft
11/21/2024 11/21/24 For Sale $157,000 -- $81 / Sq Ft
Source: NoCoast MLS

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Map

Source: NoCoast MLS

MLS Number: NOC6323230

NoCoast MLS
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