Multifamily property, with long term tenants and steady rental history, is now for sale in Farmington, Iowa. With four units total, each unit has two bedrooms, one bath and laundry hook ups, this business is a solid investment for a landlord. The current owner pays water sewer trash and the tenants pay the electric. The large corner lot allows the tenants ample parking and a new wooden fence, installed in 2024, gives them privacy at the back and side yard. Call your realtor to view this established investment property.
Active
$199,900
301 S 4th St, Farmington, IA 52626
8beds
2,834sqft
Est.:
Quadruplex
Built in 1983
-- sqft lot
$-- Zestimate®
$71/sqft
$-- HOA
What's special
Laundry hook upsOne bathLarge corner lotCorner lotTwo bedroomsAmple parkingNew wooden fence
- 5 days
- on Zillow |
- 167 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: April 21, 2025 at 08:10am
Listed by:
Laura Story 641-919-8098,
Fraise Auction Real Estate
Source: NoCoast MLS,MLS#: 6326817
Originating MLS: Southeast Iowa Regional MLS

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 4
Bathroom
- Features: Unit 1(Main Floor Full Bath), Unit 2(Main Floor Full Bath), Unit 3(Main Floor Full Bath), Unit 4(Main Floor Full Bath)
Basement
- Area: 0
Heating
- Baseboard
Cooling
- Unit 1(Window), Unit 2(Window), Unit 3(Window), Unit 4(Window)
Appliances
- Included: Unit 1(Range, Refrigerator, Disposal), Unit 2(Range, Refrigerator, Disposal), Unit 3(Range, Refrigerator, Disposal), Unit 4(Range, Refrigerator, Disposal), Number of Ranges(Four), Number of Refrigerators(One)
Features
- Basement: None
- Has fireplace: No
Interior area
- Total interior livable area: 2,834 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Stairs Internal
Features
- Levels: One
- Stories: 1
- Pool features: None
- Fencing: Wood
Lot
- Size: 0.4 Acres
- Dimensions: 132 x 132
- Features: Corner Lot
Details
- Parcel number: 000641208458130
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Frame, Other
- Foundation: Slab
- Roof: Asphalt
Condition
- Previously Owned
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Location
- Region: Farmington
Financial & listing details
- Price per square foot: $71/sqft
- Annual tax amount: $1,616
- Price range: $199.9K - $199.9K
- Date on market: 4/21/2025
- Listing terms: Cash,Conventional
- Total actual rent: 2025
- Tenant pays: Electricity
- Electric utility on property: Yes
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