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  • $165,000

    122 S Main St, Fairfield, IA 52556

    5beds
    1,980sqft
    : 
    Triplex
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $83/sqft
    $-- HOA

    What's special

    Right off the squareCharming featuresHigh ceilingsBeamed ceilingsAbundant natural lightTimeless architectural detailsLarge units
    Own this triplex right off the square and be on the pulse of downtown Fairfield action! This money-making, seldom vacant triplex can bring in $2000 a month fully rented. Live in the spacious 2 bedroom main level apartment and open your business in this property located ideally for retail or any business! Your office greats maximum exposure here! Separately metered electric but water and heat are included in the rent. Come tour today and discover the many charming features of each spacious apartment--add value with a few key updates. The bones are solid and the timeless architectural details like beamed ceilings and unusually roomy kitchens bring potentiality. Add your personal touch and maximize value--don't miss the excellent price-to-income ratio! Here, rental income offsets your monthly mortgage payments. Calling all savvy investors or homeowners looking to build equity. Large units, high ceilings, and abundant natural light make this todays standout deal!
    114 days
    on Zillow
    |
    149
    |
    3
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 31, 2025 at 01:24am

    Listed by:

    Lisa Moseley 301-466-6400,

    Fairfield Real Estate

    Source: NoCoast MLS,MLS#: 6323902MLS LogoOriginating MLS: Southeast Iowa Regional MLS
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 122 S Main St.

    Next available tour time:Today at 3:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 3
    • Main level bathrooms: 1
    Bathroom
    • Features: Unit 1(Main Floor Full Bath)
    Heating
    • Forced Air
    Appliances
    • Included: Number of Ranges(Three), Number of Refrigerators(Three)
    Features
    • Flooring: Hardwood
    • Windows: Blinds/Shades, Drapes/Curtains
    • Basement: Block,Egress Windows,Finished,Full,Concrete
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,980 sqft

    Property

    Parking
    • Parking features: Concrete, Shared Driveway, On Site, Unassigned
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Three Or More
    • Stories: 3
    • Patio & porch: Decks
    • Exterior features: Private Entrance
    Lot
    • Size: 3,920.4 Square Feet
    • Dimensions: 44 x 87
    Details
    • Parcel number: 0625160002
    • Zoning description: Business/Commercial

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Materials
    • Block, Brick/Stone, Log Siding, Stucco
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Natural Gas Connected

    Community & HOA

    Community
    • Features: Sidewalks, Street Lights
    • Subdivision: Old Plat Fairfield
    Location
    • Region: Fairfield

    Financial & listing details

    • Price per square foot: $83/sqft
    • Tax assessed value: $100,900
    • Annual tax amount: $2,178
    • Price range: $165K - $165K
    • Date on market: 1/1/2025
    • Total actual rent: 1820
    • Tenant pays: Electricity, Fuel, Water
    • Road surface type: Paved
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