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    406 N D St Fairfield, IA 52556

    For Sale
    $937,000

    Commercial Sale - Fairfield, IA

    Lot size:
    0.05 Acres
    Days on Market:
    211
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 406 N D St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    06-25-193-001
    Parking features
    Assigned
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1966
    Number of units
    13
    Building materials
    Brick
    Architectural style
    Other

    LIV Real Estate & Property Management (641) 233-6104

    Listing agent Karen Hewitt (641) 233-6104 License #***

    Listing date May 9, 2025

    MLS# 6327420 Listing URL

    Copyright © 2025 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fairfield IA Condo Units Package

    An investment opportunity is available in Fairfield, Iowa, featuring a package of 13 condo units. These units have been utilized as rental properties, each with individual financial and physical characteristics. The package includes both one-bedroom and two-bedroom units, situated within two separate buildings. A portion of the units have undergone renovations or updates during vacancy periods. The sale is subject to Iowa Tenancy Laws for occupied units, and is associated with CCRs and HOA. Individual condos or smaller groupings purchases may be considered by seller. The lot size is 0.05 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Jefferson
    State
    Iowa
    Longitude
    -91.959246
    Latitude
    41.010868

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    FAQs

    What type of property is this?
    Apartment building - 13 condo units offered as one investment package in Fairfield.
    Where is this apartment building located?
    The property is located at 406 N D St Fairfield, IA.
    What is the asking price?
    The asking price for this property is $937,000.
    What are key features of this property?
    This property features: - 13 condo units offered as a single investment package.; - Attractive mix of 1 and 2 bedroom units.; - Located within two separate buildings (406 and 408 North D St, Fairfield).
    (641) 233-6104
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    Fairfield, IA 52556
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    406 N D St Fairfield, IA 52556
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