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    Three-Unit Two-Story Income Property Title is generated by Realmo AI

    402 W Hempstead Avenue, Fairfield, IA 52556

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    Claim this Listing
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    For Sale
    $169,000

    MULTI_FAMILY - Fairfield, IA

    Property size:
    2,256 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $74/SF
    Added:
    Jun 24, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 27 at 2:06 pm

    Property Features for 402 W Hempstead Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Basement
    Unfinished, Full
    Standard status
    Active
    APN
    06-26-431-006
    Size
    2,256 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    GAGES E 35' LT 2 BLK 6
    Tax Annual Amount
    2126

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    3
    Building materials
    Wood Siding

    We can help!

    Contact an agent
    Michaela McLain

    Listing agent Michaela McLain License #***

    Listing office Village Realty 60 N Main St, Fairfield, IA

    Listing date Jun 24, 2026

    MLS# 6339662 Listing URL

    Copyright © 2026 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.

    HighLights

    • 3‑unit property built in 1900 with wood siding and forced‑air heating
    • Two upstairs 1 bed/1 bath apartments are occupied and rent for $600/month each
    • Main‑level unit has 2 bedrooms with en‑suite baths and large living/dining areas
    • Each unit has separately metered utilities and individual billing
    • Covered front porch, hardwood floors, original wood trim, and large windows

    Overview

    This three-unit two-story property offers classic curb appeal and generous interior space. The home includes hardwood floors, original wood trim, large windows, and a covered front porch. Two upstairs units each feature 1 bedroom and 1 bathroom and are currently occupied. The main-level unit is available to rent or owner-occupy and provides 2 bedrooms with en-suite baths, along with large living and dining areas, plus access to a carport and a shared backyard.

    Located at 402 W Hempstead Avenue in Fairfield, Iowa (Jefferson County), the property sits on a compact lot size of 0.11 acres. On-site amenities include a carport and shared outdoor space through the backyard. Each unit’s utilities are separately metered, with billing handled individually.

    For investors, the two upstairs apartments provide current occupancy, while the main-level unit offers flexibility for either tenancy or owner occupancy. The separate utility metering may support straightforward unit-by-unit expense tracking. Tenants and owner-occupants can look to the established finishes described in the property, including hardwood floors and original wood trim, along with substantial living and dining areas in the main-level unit.
    Property Profile Location Intelligence

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    Texts In Audio, LLC Consultant

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Jefferson
    State
    Iowa
    Longitude
    -91.968394
    Latitude
    41.009387

    FAQs

    What type of property is this?
    Triplex - Three-unit two-story residential income property with covered porch, hardwood floors, and separately metered utilities.
    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: 3‑unit property built in 1900 with wood siding and forced‑air heating; Two upstairs 1 bed/1 bath apartments are occupied and rent for $600/month each; Main‑level unit has 2 bedrooms with en‑suite baths and large living/dining areas
    More about this property
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