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.
Active
$169,000
402 W Hempstead Ave, Fairfield, IA 52556
--beds
0baths
2,256sqft
:
Get pre-qualified$1,294/mo
Triplex
Built in 1900
-- sqft lot
$161,100 Zestimate®
$75/sqft
$-- HOA
What's special
Two-story curb appealOriginal wood trimLarge windowsHardwood floorsGenerous interior living spacesShared backyardCovered front porch
- 30 days |
- 138 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Michaela McLain 641-451-1595,
Village Realty,
Joanne Terrien 641-472-2874,
Village Realty
Source: NoCoast MLS as distributed by MLS GRID,MLS#: 6339662
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air
Features
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 2,256 sqft
Property
Accessibility
- Accessibility features: None
Features
- Stories: 2
Lot
- Size: 4,791 Square Feet
- Dimensions: 35 x 132
Details
- Parcel number: 0626431006
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Wood Siding
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: GAGES
HOA
- Has HOA: No
Location
- Region: Fairfield
Financial & listing details
- Price per square foot: $75/sqft
- Tax assessed value: $127,700
- Annual tax amount: $2,126
- Date on market: 6/24/2026
- Cumulative days on market: 31 days
Estimated market value
$161,100
$153,000 - $169,000
$883/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Listed for sale | $169,000+96.5%$75/sqft |
Source:  NoCoast MLS as distributed by MLS GRID #6339662 Report a problem | ||
| 12/23/2016 | Sold | $86,000+7.5%$38/sqft |
Source: Public Record Report a problem | ||
| 2/1/2006 | Sold | $80,000$35/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,110 +4.8% | $127,700 +16.8% |
| 2024 | $2,014 -13.2% | $109,300 |
| 2023 | $2,320 -13.2% | $109,300 -2.4% |
| 2022 | $2,674 +27% | $112,000 |
| 2021 | $2,106 -6.5% | $112,000 +34.9% |
| 2020 | $2,252 +0.9% | $83,000 |
| 2019 | $2,232 -2.9% | $83,000 +10.8% |
| 2018 | $2,298 +4.5% | $74,900 -2.5% |
| 2017 | $2,198 +9.2% | $76,800 |
| 2016 | $2,012 | $76,800 +22.9% |
| 2015 | $2,012 | $62,500 +0.5% |
| 2014 | $2,012 -7.8% | $62,200 |
| 2013 | $2,182 +2% | -- |
| 2012 | $2,140 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 52556
Nearby schools
GreatSchools rating
- NAWashington Elementary SchoolGrades: PK-1Distance: 0.7 mi
- 7/10Fairfield Middle SchoolGrades: 5-8Distance: 1.1 mi
- 6/10Fairfield High SchoolGrades: 9-12Distance: 0.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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