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!
Active
$165,000
122 S Main St, Fairfield, IA 52556
5beds
1,980sqft
Est.:
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
- 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#: 6323902
Originating MLS: Southeast Iowa Regional MLS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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