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Two-Story Triplex with Carport
For Sale
$169,000

402 W Hempstead Avenue, Fairfield, IA 52556

Three-unit property with separate utility metering and a main-level apartment available for rental or owner occupancy.

Property Size2,256 SF
Price / SF$74.91
Days on Market67

Property Features for 402 W Hempstead Avenue

General Information

Standard status Active
Size 2,256 SF
Property subtype Residential Income

Units

Unit Mix 2 x 1BR/1BA, 1 x 2BR/2BA
Multifamily Units 3

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $2,126

Amenities

covered front porch
hardwood floors
original wood trim
large windows
carport
shared backyard

Building Details

Building Size 2,256 SF
Year Built 1900
Stories 2
Units 3
Tenancy Multi
Listing Agency: Village Realty
Listed By: Michaela McLain · License #S67278
Source: Sweeneyrealestate
Added: Jun 24 Changed: Aug 28 Last Checked: Aug 29 at 10:18AM

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 Village Realty

Investment Insights

Based on property information with market context.

Built in 1900, this 2,256-square-foot triplex contains three apartments within a two-story residential building. The upper level includes two one-bedroom, one-bath units, while the main floor offers a two-bedroom layout with an en-suite bath for each bedroom. The principal unit also includes sizable living and dining areas, along with access to a carport and shared backyard.

Interior details include hardwood flooring, original woodwork, broad windows, and a covered entry porch. Each apartment has its own utility meter, with occupants billed separately. The property is located at 402 W Hempstead Avenue in Fairfield, Iowa.

Key Highlights

  • Three‑unit triplex at 402 W Hempstead Avenue, Fairfield, IA 52556
  • 2,256‑square‑foot building constructed in 1900
  • Two upper‑level 1‑bedroom/1‑bath apartments

Property Analytics

Current Use

Texts In Audio, LLC Consultant

Suggested Use

Top Pick HVAC Service Locksmith Carpet & Flooring Store Grocery & Convenience Store Barber Shop Catering Service

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

Lease Details

3
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

990
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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property with separate utility metering and a main-level apartment available for rental or owner occupancy.
Where is this triplex located?
The property is located at 402 W Hempstead Avenue Fairfield, IA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Three‑unit triplex at 402 W Hempstead Avenue, Fairfield, IA 52556; 2,256‑square‑foot building constructed in 1900; Two upper‑level 1‑bedroom/1‑bath apartments
More about this property
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