602 W Broadway is a fourplex in need of TLC.
There are 2, 2 bedroom units. 2, 1 bedroom units.
Net monthly rent is $4,200, if tenants pay all utilities.
This yields a pro-forma cap rate of 13.81% at the listed purchase price.
Currently vacant. In need of work quoted at around $35K to $50k/
Recently red-tagged. Contact me for all of the details.
For sale by owner
$365,000
602 W Broadway Ave, Fairfield, IA 52556
6beds
1,976sqft
MultiFamily
Built in 1880
-- sqft lot
$-- Zestimate®
$185/sqft
$-- HOA
Overview
- 11 days
- 256
- 3
Listed by:
Property Owner (408) 781-0408
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Other
Cooling
- None
Appliances
- Included: Freezer, Microwave, Range / Oven, Refrigerator
Features
- Flooring: Carpet, Hardwood, Linoleum / Vinyl
- Basement: Partially finished
Interior area
- Total interior livable area: 1,976 sqft
Property
Parking
- Total spaces: 6
- Parking features: Off-street, On-street
Features
- Exterior features: Vinyl, Wood
- Has view: Yes
- View description: City
Lot
- Size: 8,712 Square Feet
Details
- Parcel number: 0626436003
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Foundation: Stone
- Roof: Metal
Condition
- New construction: No
- Year built: 1880
Community & HOA
Location
- Region: Fairfield
Financial & listing details
- Price per square foot: $185/sqft
- Tax assessed value: $164,700
- Annual tax amount: $2,732
- Date on market: 8/30/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,022/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2026 | Listed for sale | $365,000+35.2%$185/sqft |
Source: Owner Report a problem | ||
| 6/21/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/8/2026 | Listed for sale | $270,000+68.8%$137/sqft |
Source: Owner Report a problem | ||
| 1/3/2023 | Sold | $160,000-8.6%$81/sqft |
Source:  NoCoast MLS as distributed by MLS GRID #6302952 Report a problem | ||
| 1/2/2023 | Pending sale | $175,000$89/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6302952 Report a problem | ||
| 12/6/2022 | Contingent | $175,000$89/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6302952 Report a problem | ||
| 9/29/2022 | Listed for sale | $175,000-12.5%$89/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6302952 Report a problem | ||
| 9/7/2016 | Sold | $200,000+1566.7%$101/sqft |
Source: Public Record Report a problem | ||
| 1/19/2012 | Sold | $12,000$6/sqft |
Source: NoCoast MLS as distributed by MLS GRID #5368752 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,732 +4.7% | $164,700 +16.3% |
| 2024 | $2,610 -14% | $141,600 |
| 2023 | $3,036 -13.2% | $141,600 -3.4% |
| 2022 | $3,498 +26.9% | $146,600 |
| 2021 | $2,756 -6.5% | $146,600 +35% |
| 2020 | $2,948 +115.2% | $108,600 |
| 2019 | $1,370 -3% | $108,600 +136.1% |
| 2018 | $1,412 -4.2% | $46,000 -0.2% |
| 2017 | $1,474 -68.4% | $46,100 -61.9% |
| 2016 | $4,658 | $121,100 -5% |
| 2015 | $4,658 | $127,500 +375.7% |
| 2014 | $4,658 +666.1% | $26,800 |
| 2013 | $608 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 52556
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