402 W Hempstead Avenue Fairfield, IA ^$ 169,000

402 W Hempstead Avenue

^$ 169,000

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Recently Listed

402 W Hempstead Avenue

Fairfield, IA, 52556

^$ 169,000

Studio Baths0.0 Sq 2,256

Monthly Estimate*

^$ 1,067

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Studio

Multi-Family Home for sale in Fairfield, IA

for $169,000. This 2,256 square foot home was built in 1900 on a lot size of 0.11.

Great investment opportunity in this spacious 3-unit property with classic two-story curb appeal, a covered front porch, hardwood floors, original wood trim, large windows, and generous interior living spaces. The two upstairs 1 bedroom/1 bath apartments are currently occupied and rent for $600/month each. The main-level apartment is available to rent or owner-occupy, offering 2 bedrooms, both with en-suite baths, plus large living/dining areas and access to a carport and shared backyard. Utilities are separately metered for each unit and billed individually.

Multi-Family Active

Price

^$ 169,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,126

Style

Lot Size

0.11

Year Built

1900

Town/City

Fairfield

County/Region

Jefferson

MLS | Web ID

6339662

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Garage Spaces 0

Construction Materials Wood Siding

Year Built 1900

Stories Count 2

Property Subtype Triplex

Tax Year 2024

Gross Income 24000

Accessibility None

County Jefferson

Operating Expense 0

Property Type Residential Income

Contingency None

MaintenanceExpense 1600

Subdivision Name GAGES

Status Active

Directions On Hempstead in between 4th and 5th.

Number Of Units Total 3

Lot Size Units Acres

Lot Size Square Feet 4791.6

Tax Annual Amount 2126

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Living Area Units Square Feet

Standard Status Active

Legal Description GAGES E 35' LT 2 BLK 6

Interior

Basement Full Unfinished

Total Fireplaces 0

Fireplace Y/N N

Total Baths 0

Exterior

Water Source Public

Lot Dimensions 35X132

Lot Size Acres 0.11

* Excluded Features

List By

Michaela McLain

Listing Agent

Village Realty

Broker

michaelaleemclain@gmail.com

Affordability Calculator

$1,244

Per Month

Monthly Principal & Interest: $1,067
Monthly Property Taxes: $177
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Fairfield, IA

Average List Price ^$198,300

Percent of Sale Price 17%

About Fairfield, IA

10,009 Population

4% Since 2002

^$42,616 Median Income

45.47 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2872932 Elementary School

2872966 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/24/2026	$169,000		Listed Price

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402 W Hempstead Avenue, Fairfield, IA, 52556 is a Multi-Family Home for sale at $169,000 with 2,256 sqft and a lot size of 0.11. 402 W Hempstead Avenue is a studio with 0.0 baths and was built in 1900. The property's zip code is 52556 which is in Fairfield, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the Iowa Association of REALTORS service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Data is updated as of 6/25/2026.

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402 W Hempstead Avenue

Multi-Family Home for sale in Fairfield, IA

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