Fairfield Triplex Near
For Sale
$169,000
500 N Main Street, Fairfield, IA 52556
MULTI_FAMILY - Fairfield, IA
Property Size3,276 SF
Lot Size0.20 Acres
Price / SF$51.59
Days on Market210
Property Features for 500 N Main Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Basement
Full
Subdivision
HENN-WILLIAMS & COS
Directions
Located on North Main between Lowe and Kirkwood on the west side of the street.
Standard status
Active
APN
0625157008
Size
3,276 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HENN WILLIAMS LT 4 BLK 16
Tax Annual Amount
2670
Legal Description
HENN WILLIAMS LT 4 BLK 16
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1891
Floors in Building
2
Number of units
3
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
Fairfield Real Estate
(641) 472-2353
Listed By:
Tammy Dunbar · License #B38077
(641) 919-2625
Added: Jan 13
Changed: Jul 23
Last Checked: Aug 11 at 11:06PM
MLS# 6334807
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.
Investment Insights
Based on property information with market context.
This triplex is located near the campus area. The main level unit, featuring 2 bedrooms, rents for $650 per month and includes a stove, refrigerator, and laundry hookups. The second unit, also with 2 bedrooms, rents for $750 per month and includes appliances and laundry hookups. The upstairs unit, currently rented, generates $550 per month and includes a stove and refrigerator. A separate garage is rented for $50 per month. The property has a covered porch and a nice entry area. The building has a new roof, new electric, and new plumbing. All utilities (water, electric, and gas) are separately metered. The basement offers potential for a studio apartment. The basement and main-level apartment have separate furnaces, while the upstairs apartments have electric baseboard heating. The property is situated on a 0.2-acre lot and has a total size of 3276 square feet.
Key Highlights
- New roof, new electric, and new plumbing.
- Triplex with potential for a basement studio apartment.
- All units are separately metered (water/electric/gas).
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex near campus with income potential and separate utilities.
Where is this triplex located?
The property is located at 500 N Main Street 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: New roof, new electric, and new plumbing.; Triplex with potential for a basement studio apartment.; All units are separately metered (water/electric/gas).
