Search
Four-Unit Property Requiring Repairs
New
For Sale
$249,999

602 W Broadway Avenue, Fairfield, IA 52556

Residential Income, Fairfield, IA

Property Size1,976 SF
Lot Size0.20 Acres
Price / SF$126.52
Days on Market1

Property Features for 602 W Broadway Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Basement Full
Subdivision GAGES
Directions From Burlington Avenue, head north on 6th Street, and turn left on Broadway. The property is the 2nd building on the left.
Standard status Active
APN 0626436003
Size 1,976 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description GAGES LT 2 BLK 10
Tax Annual Amount 2880
Legal Description GAGES LT 2 BLK 10

Utilities

Heating system Baseboard
Water source Public

Building Details

Year built 1880
Floors in Building 2
Number of units 4
Building materials Vinyl Siding
Listing Agency: Jeff Hagel Real Estate
Listed By: Jeffrey Hagel · License #***
Added: Sep 13 Last Checked: Sep 13 at 1:06PM
MLS# 6342652

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.

Located at 602 W Broadway Avenue in Fairfield, Iowa, this fourplex contains 1,976 square feet and offers two 2-bedroom units alongside two 1-bedroom units. The property was built in 1880 and features vinyl siding, baseboard heating, and public water service.

The building is currently vacant and has been red-tagged. It requires repairs and rehabilitation before returning to use. The property occupies 0.2 acres and provides a defined four-unit configuration for a buyer evaluating a residential income asset in Fairfield.

Key Highlights

  • Fourplex with 2, 2‑bedroom units and 2, 1‑bedroom units
  • 1,976 square feet on 0.2 acres
  • Currently vacant and recently red‑tagged

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store Real Estate Agency Barber Shop Garden Center Locksmith

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

4
Residential units

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Quadplex - Vacant four-unit residential property with a two-and-two-bedroom unit mix and public water service.
Where is this quadplex located?
The property is located at 602 W Broadway Avenue Fairfield, IA.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: Fourplex with 2, 2‑bedroom units and 2, 1‑bedroom units; 1,976 square feet on 0.2 acres; Currently vacant and recently red‑tagged
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message