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Four-Unit Multifamily Property
New
For Sale
$295,000

206 E Hempstead Ave, Fairfield, IA 52556

Converted rental building with shared laundry, recent exterior upgrades, and on-site storage structures.

Property Size3,930 SF
Price / SF$75.06
Days on Market5

Property Features for 206 E Hempstead Ave

General Information

Standard status Active
Size 3,930 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $4,246
Listing Agency: Mossy Oak Properties Boley Real Estate
Listed By: Malachi Westercamp
Source: Exprealty
Added: Aug 13 Changed: Aug 16 Last Checked: Aug 16 at 6:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mossy Oak Properties Boley Real Estate

Investment Insights

Based on property information with market context.

This 3,930-square-foot multifamily property at 206 E Hempstead Ave in Fairfield, IA contains four residential units, each arranged with 2 bedrooms and 1 bathroom. The units share laundry facilities in a common area, and all four are occupied. The property also includes a small garage and an outdoor garden shed for additional storage.

Exterior work includes vinyl siding installed in 2022, along with a metal roof and gutters added to the north portion of the building in 2024. The property is configured as a four-unit conversion and is owned by the Listing Agent.

Key Highlights

  • Four‑unit multifamily conversion with 3,930 SF of building area
  • Each unit includes 2 bedrooms and 1 bathroom
  • All four units are occupied

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Grocery & Convenience Store Pharmacy Barber Shop Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

115
Businesses Nearby

Demographics for 52556, IA

11,736
Population
6,141
Households
1.9
Avg Household Size
48
Median Age
46%
College-Educated
97%
High-School Grad
175.5 sq mi
ZIP Area
67
Density / Sq Mi
$55,528
Median Household Income
$31,210
Median Earnings
$877
Median Rent
$168,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Converted rental building with shared laundry, recent exterior upgrades, and on-site storage structures.
Where is this quadplex located?
The property is located at 206 E Hempstead Ave Fairfield, IA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Four‑unit multifamily conversion with 3,930 SF of building area; Each unit includes 2 bedrooms and 1 bathroom; All four units are occupied
More about this property
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