Triplex

Hiawatha, IA Triplexes for Sale

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Cedar Rapids, IA Robins, IA Marion, IA
New Multifamily Property in Hiawatha
Updated: Feb 17
New Multifamily Property in Hiawatha

225 Clymer Road, Hiawatha, IA 52233

$850,000
5,250 sqft · 0.22 AC lot
Brand‑new multifamily property under construction (Year built 2026) with three two‑story units in Hiawatha
Current rent roll of $6,500/month with approximately $78,000 gross annual income
Approximately 7.72% cap rate based on $850,000 purchase price and $65,600 NOI
Each unit offers approx. 1,750 finished SF with 3 bedrooms and 2.5 bathrooms, plus a main‑level half bath
Modern unit features include white cabinetry, quartz countertops, and stainless steel appliances
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Multifamily Triplex in Hiawatha
Updated: Feb 13
Multifamily Triplex in Hiawatha

225 Clymer Rd, Hiawatha, IA 52233

$850,000
5,250 sqft
Multifamily Property
Features 3 Units
Year Built: 2026
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Hiawatha, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

One-Level Triplex with Detached Garages
One-Level Triplex with Detached Garages

5309-5311 Blue Bonnet Drive, Waterloo, IA 50702

$549,900
1.20 AC lot

Well-kept triplex in Waterloo with separately metered units, in-unit laundry, and detached garage spaces for each home.

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Triplex with Detached 3-Car Garage
Triplex with Detached 3-Car Garage

810 W 2nd Street, Waterloo, IA 50701

$100,000
0.18 AC lot

Triplex offers three rental units, including two vacant 1-bedroom apartments, plus a detached 3-stall garage.

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Washington, Iowa Multi-Family Property
Washington, Iowa Multi-Family Property

508 N Iowa Avenue, Washington, IA 52353

$120,000
2,146 sqft · 0.20 AC lot

Multi-family property in Washington, Iowa, with 2,146 square feet.

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Triplex Income Property
Triplex Income Property

508 N Iowa Ave, Washington, IA 52353

$120,000

Three well-defined units with separate heating systems and established long-term renters near downtown Washington.

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Hiawatha, IA Triplexes Market Trends and Statistics

Explore 2 triplexes for sale in Hiawatha, IA on our real estate platform. These investment opportunities span a total of 10,500 square feet of properties for sale, with an estimated market value of $1,700,000.

Sale prices for three-family homes in Hiawatha, IA start at $850,000, averaging $850,000, and reaching up to $850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Triplexes 2

Demographics Overview

Population 7,008
Population Growth (5Y) -2.0%
Median Household Income $66,497
College Educated 41.5%

High-Yield Neighborhoods for Investment

Identify Hiawatha submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
52233 $850K

Taxes & Financing

Tax Rate (average for all types) 2.76%
Property Tax per SF $40.22 per SF
Tax Rate vs County Average 0.24 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Linn County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Linn County

Office

Property Size Breakdown

The majority of commercial real estate listings in Hiawatha fall within the 100,000+ square foot range.

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