Sold

$227,500

300 E Buchanan Ave, Fairfield, IA 52556

--beds

0baths

3,696sqft

Quadruplex

Built in 1993

-- sqft lot

$-- Zestimate^®

$62/sqft

$1,325 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,325/mo

Zestimate^® history

Owner options

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$1,325/mo

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$1,325/mo

Rent Zestimate^®

Refinance and save

$1,244/mo

Est. payment

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$1,244/mo

Est. payment

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What's special

Investment Opportunity: Discover this rare opportunity to own a solid income-producing 4-plex, built in 1993 and set on a generous 3-acre lot of green space. Each unit offers 2 bedrooms, 2 bathrooms, central air, separately metered, carport parking plus additional on-site parking, a private storage unit, and access to on-site laundry. With a mix of long-term tenants already in place, you can start earning rental income immediately. The property offers strong potential for cash flow and future appreciation. Listing brokerage is the current property manager. Whether you're expanding your portfolio or diving into multi-family investing, this property is a mix of what you have been looking for.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Other

Level: Main

Heating

Forced Air

Appliances

Laundry: Common Area

Features

Basement: Slab
Has fireplace: No

Interior area

Total interior livable area: 3,696 sqft

Property

Parking

Parking features: Carport, Gravel
Has carport: Yes

Accessibility

Accessibility features: No Stairs External, No Stairs Internal

Features

Stories: 1

Lot

Size: 2.93 Acres
Dimensions: 2.93 acres m/l

Details

Parcel number: 06363270118
Zoning: Residential-Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Frame, Stucco
Roof: Shingle

Condition

Year built: 1993

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & neighborhood

Location

Region: Fairfield
Subdivision: NORTH BAY ADD

HOA & financial

HOA

Has HOA: Yes
Association name: SEIA

Price history

Date	Event	Price
8/26/2025	Sold	$227,500+1.1%$62/sqft
Source: NoCoast MLS as distributed by MLS GRID #6328660 Report a problem
7/25/2025	Pending sale	$225,000$61/sqft
Source: NoCoast MLS as distributed by MLS GRID #6328660 Report a problem
6/14/2025	Listed for sale	$225,000$61/sqft
Source: NoCoast MLS as distributed by MLS GRID #6328660 Report a problem
2/16/2020	Listing removed	$650
Source: Fairfield Real Estate, Inc. Report a problem
1/16/2020	Listed for rent	$650
Source: Fairfield Real Estate, Inc. Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$236 +5.4%	$12,200
2024	$224 -34.5%	$12,200
2023	$342 -13.2%	$12,200 -26.1%
2022	$394 +27.1%	$16,500
2021	$310 -6.6%	$16,500 +35.2%
2020	$332 +388.2%	$12,200
2019	$68 -2.9%	$12,200 +430.4%
2018	$70 -5.4%	$2,300
2017	$74 -11.9%	$2,300
2016	$84	$2,300
2015	$84	$2,300
2014	$84 -12.5%	$2,300
2012	$96 -2%	--
2011	$98 +2.1%	--
2010	$96 +77.8%	--
2009	$54	--
2008	$54 +17.4%	--
2007	$46	--