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Four-Unit Residential Building
New
For Sale
$199,999

602 W Broadway Avenue, Fairfield, IA 52556

Residential, Fairfield, IA

Property SizeContact for details
Days on Market5

Property Features for 602 W Broadway Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bathrooms 1
Full bathrooms 4
Rooms Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4
Subdivision Gages
Elementary school Fairfield
Middle school Fairfield
Directions From Burlington Ave, head north on 6th St, then turn left onto W Broadway Ave. The property will be on the left.
Standard status Active
APN 0100626436003

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2880

Building Details

Year built 1880
Listing Agency: Epique
Listed By: Kyle Robinson · License #S62397000/475.163000
Added: Oct 6 Changed: Oct 7 Last Checked: Oct 10 at 10:06AM
MLS# 202605947

Copyright © 2026 Iowa City Area Association of REALTORS®. 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.

At 602 W Broadway Avenue in Fairfield, Iowa, this residential income property includes four apartments: two with one bedroom and two with two bedrooms. Each unit has one bathroom. The building was constructed in 1880 and is zoned Residential.

Key Highlights

  • Four apartments: two one‑bedroom units and two two‑bedroom units
  • Each apartment has one bathroom
  • Built in 1880

Property Analytics

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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

Multi-tenant
Tenancy

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
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Frequently Asked Questions

What type of property is this?
Quadplex - The property contains a mix of one- and two-bedroom apartments, each with one bathroom.
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 $199,999.
What are key features of this property?
This property features: Four apartments: two one‑bedroom units and two two‑bedroom units; Each apartment has one bathroom; Built in 1880
More about this property
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