122 S Main Street, Fairfield, Iowa 52556

IA, Fairfield
$165,000
  • 0.09 Acre
  • Residential Income Property Type
  • 1900 Year Built
  • Active Status
Property Description

Be on the pulse with Golden Magnolia next door when you own this triplex jewel in downtown Fairfield. Move quickly and begin pocketing passive income of $1820 or more monthly that this fully-occupied triplex brings in. Separately metered electric but water and heat are included in the rent. Discover this centrally located triplex, featuring spacious, charm-filled apartments with timeless architectural details. While it needs cosmetic updates, the property offers a blank canvas to add your personal touch and maximize value. This is a rare investment opportunity with an excellent price-to-income ratio—the rental income potential can easily offset your monthly mortgage payments. Ideal for savvy investors or homeowners looking to build equity. Large units, high ceilings, and abundant natural light make this a standout deal just off the square, in the heart of downtown Fairfield!

Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 6323902
  • Price: $165,000
  • Year Built: 1900
  • Lot Area: 0.09 Acre
  • Status: Active
  • Office Name: Fairfield Real Estate
Features
  • Heating System Forced Air
  • Basement Full,Finished,Block,Poured Concrete,Egress Window(s)
  • Parking Concrete,More Parking Onsite for Fee,Unassigned,Shared
  • Architectural Style Triplex
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State IA
  • County Jefferson
  • City Fairfield
  • Zipcode 52556
  • Street: Main
  • Street Number: 122
  • Street Suffix: Street
  • Longitude: W92° 2' 9.5''
  • Latitude: N41° 0' 21''
  • Directions: One house away from City Hall on South Main St--next door to Hunt Chiropractic
  • Street Dir Prefix: S
  • Zoning: Business/Commercial
Additional Information
  • Accessibility Features: None
  • Lot Size Dimensions: 44X87
  • Number Of Units Total: 3
  • Previous Price: 165000
  • Water Source: City Water/Connected
Financial
  • Tax Annual Amount: 2178
Map
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