Sold for $138,000

$138,000

404 S Main St, Fayette, IA 52142

--beds

--baths

3,489sqft

Quadruplex

Built in 1915

-- sqft lot

$162,900 Zestimate^®

$40/sqft

$795 Estimated rent

Home value

$162,900

$145,000 - $184,000

$795/mo

Zestimate^® history

Owner options

List your home for rent

$795/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$795/mo

Rent Zestimate^®

Refinance and save

$931/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$931/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Newer steel roofRefinished hardwood floorsReplacement windowsSeparate utilities

Take a look at this excellent investment opportunity near downtown Fayette! With a cap rate of over 14%, this would be great for your investment portfolio! This fully occupied 4-unit residential property features 2 buildings with 2 units each. Newer steel roof, separate utilities and off street parking make it easy for tenants. The main level has been updated with refinished hardwood floors and replacement windows in all units. Seller has two other duplexes for sale that can also be added to make this a great deal - 300 Jones MLS #20233891 and 507 King MLS#20233890. Call for more information today!

Facts & features

Interior

Heating

Electric, Steam

Cooling

Window Unit(s)

Appliances

Laundry: 1st Floor

Features

Basement: Concrete

Interior area

Total structure area: 3,489
Total interior livable area: 3,489 sqft
Finished area above ground: 2,638
Finished area below ground: 1,216

Property

Parking

Total spaces: 8
Parking features: Assigned, Carport
Uncovered spaces: 8

Features

Levels: One and One Half
Patio & porch: Deck-Multi-Level, Patio

Lot

Size: 9,000 Square Feet
Dimensions: 75' x 120'
Features: Level

Details

Parcel number: 1128166005
Zoning: R-4
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Block, Vinyl Siding, Wood Siding
Roof: Metal

Condition

Year built: 1915

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Elec Individual Meters

Community & HOA

Location

Region: Fayette

Financial & listing details

Price per square foot: $40/sqft
Tax assessed value: $148,380
Annual tax amount: $2,270
Date on market: 9/12/2023
Cumulative days on market: 141 days
Lease term: Over 9 Months
Tenant pays: Electricity, Trash Collection, Gas, Heat, Snow Removal, Water
Road surface type: Hard Surface Road

Price history

Date	Event	Price
2/9/2024	Sold	$138,000-21.1%$40/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20233889 Report a problem
1/30/2024	Pending sale	$174,900$50/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20233889 Report a problem
9/12/2023	Listed for sale	$174,900$50/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20233889 Report a problem
3/19/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
3/5/2021	Listed for rent	$350-12.5%
Source: Zillow Rental Manager Report a problem
7/26/2019	Listing removed	$400
Source: Owner Report a problem
6/25/2019	Listed for rent	$400
Source: Owner Report a problem
5/2/2018	Listing removed	$400
Source: Owner Report a problem
3/30/2018	Price change	$400-5.9%
Source: Owner Report a problem
3/26/2018	Listed for rent	$425
Source: Owner Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,584 +0.9%	$171,340 +15.5%
2024	$2,560 +12.8%	$148,380
2023	$2,270 +4.8%	$148,380 +25.5%
2022	$2,166 -10%	$118,220
2021	$2,408 +3.6%	$118,220 -7.2%
2020	$2,324 +1%	$127,360
2019	$2,300 -5.4%	$127,360 +2.4%
2018	$2,432 +5.1%	$124,430 +7.4%
2017	$2,314 -0.8%	$115,910
2016	$2,332	$115,910
2015	$2,332 -1%	--
2014	$2,356	--

Find assessor info on the county website

Neighborhood: 52142

Nearby homes

Nearby schools

GreatSchools rating

NA
North Fayette Elementary Fayette Center
Grades: 4-5Distance: 0.2 mi
6/10
North Fayette Valley Middle School
Grades: 5-8Distance: 11.8 mi
6/10
North Fayette Valley High School
Grades: 9-12Distance: 8.8 mi

Schools provided by the listing agent

Elementary: North Fayette
Middle: North Fayette
High: North Fayette

Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.