206 E Hempstead Ave, Fairfield, IA 52556
Property image
Property image
FOR SALE

$295,000

  • Studio
  • 5.5 Baths
  • 3,930 sqft

206 E Hempstead Ave, Fairfield, IA 52556

Est. Mortgage $1,973/mo*
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Home Highlights

Multi-Family
Built in 1900
$75/sqft
Garage

Local Information

  • Map ViewExplore the area around 206 E Hempstead Ave.
  • Schools1 Preschool School3 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Four-Unit Multifamily Investment Opportunity This one-of-a-kind four-family conversion offers an excellent opportunity for investors looking for an established rental property with strong income potential. Thoughtfully converted into four separate units, the property offers a functional layout and a unique investment opportunity. Each of the four units features 2 bedrooms and 1 bathroom, with shared laundry conveniently located in the common area. All four units are occupied and current monthly rents: - Unit A: $1,065/month - Unit B: $1,025/month - Unit C: $1,225/month - Unit D: $850/month Landlord currently pays the utilities. Recent exterior improvements include a new metal roof and gutters on the north portion of the building in 2024 and new vinyl siding installed in 2022. The property also includes a small garage and outdoor garden shed, adding valuable storage and functionality. With four well managed income-producing units, recent exterior updates, and a unique conversion that offers plenty of character, this property presents an excellent opportunity for both seasoned investors and those looking to expand their rental portfolio. This property is owned by the Listing Agent.
Last check for updates: about 14 hours ago
Listing courtesy of Malachi Westercamp, (319) 677-0961
Mossy Oak Properties Boley Real Estate
Source: NoCoast MLS as distributed by MLS GRID, MLS#6341562
Also Listed on NoCoast MLS as distributed by MLS GRID, REALSTACK.

Home Details for 206 E Hempstead Ave

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: Finished
Beds & Baths
Number of Bathrooms: 7Number of Bathrooms (full): 4Number of Bathrooms (half): 3
Dimensions and Layout
Living Area: 3930 Square Feet
Heating & Cooling
Heating: Forced AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Accessibility: None

Exterior Features

Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1Has a GarageParking Spaces: 1Parking: Garage
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 2Days on Market: 23

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex
Building
Construction Materials: Vinyl Siding
Property Information
Parcel Number: 0625332005

Price & Status

Price
List Price: $295,000Price Per Sqft: $75

Location

Direction & Address
City: FairfieldCommunity: OLD PLAT FAIRFIELD

Agent Information

Listing Agent
Listing ID: 6341562

HOA

No HOA

Lot Information

Lot Area: 8712 sqft

Offer

Contingencies: None

Miscellaneous

BasementMls Number: 6341562Days In Mls: 2

Around this home

What Locals Say about Fairfield

At least 23 Trulia users voted on each feature.

  • 90 % Say parking is easy

  • 90 % Say yards are well-kept

  • 89 % Say it's quiet

  • 77 % Say it's dog friendly

  • 71 % Say there's wildlife

  • 70 % Say it's walkable to restaurants

  • 69 % Say car is needed

  • 68 % Say people would walk alone at night

  • 66 % Say there are sidewalks

  • 59 % Say there's holiday spirit

  • 54 % Say neighbors are friendly

  • 52 % Say they plan to stay for at least 5 years

  • 50 % Say kids play outside

  • 48 % Say it's walkable to grocery stores

  • 48 % Say streets are well-lit

  • 42 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Carolinamousinho
    "You most definitely need a car, even though you can get by with a bycicle during the warmer months of the year"
    4
    Flag
  • Unspecified
    "Very dog friendly. People are always walking dogs. And this neighborhood is very close to a dog park. "
    1
    Flag
  • Skylar Cecil
    "I've lived in my neighborhood for 3 years. Its a nice quite part of town, everyone is friendly and respectful."
    3
    Flag

Market trends in Fairfield

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
87
9MoM

Home Value

Trulia Estimate
$291K
Since last month
Increased$14K (+4.9%)
Since last year
Increased$10K (+3.4%)
Since last sale
Increased$21K (+7.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +84% in the last 10 years
MonthEstimated value
2026
August 2026$291K
August 2026$291K
July 2026$277K
June 2026$280K
May 2026$280K
April 2026$278K
March 2026$279K
February 2026$280K
January 2026$281K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
307 E Briggs Ave, Fairfield, IA
0.07
Multi-Family Home
$130,000
05/04/26
-
2,456
400 Silverwood Ln #402, Fairfield, IA
0.42
Multi-Family Home
$225,000
12/29/25
-
1,876
122 S Main St, Fairfield, IA
0.32
Multi-Family Home
$155,000
11/07/25
-
1,980
402 W Hempstead Ave, Fairfield, IA
0.43
Multi-Family Home
$161,000
08/31/26
-
2,256
805 W Depot Ave, Fairfield, IA
0.73
Multi-Family Home
$128,000
10/10/25
-
1,829
2040 Sapphire Ln #2, Fairfield, IA
1.44
Multi-Family Home
$190,000
02/09/26
3
2
1,221
2050 Sapphire Ln, Fairfield, IA
1.45
Multi-Family Home
$299,000
04/14/26
-
2,276
1913 S Court St, Fairfield, IA
1.51
Multi-Family Home
$283,000
06/24/26
2
2
1,494
1301 Liberty Dr, Fairfield, IA
1.50
Multi-Family Home
$225,000
01/07/26
-
2,146

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
207 E Briggs Ave, Fairfield, IA 52556
0.04
$190,500
4
3
1,776
Off Market
207 North St #C, Fairfield, IA 52556
0.01
$108,400
3
2
-
Off Market
204 E Hempstead Ave, Fairfield, IA 52556
0.02
-
Studio
-
2,096
Off Market
303 E Briggs Ave, Fairfield, IA 52556
0.05
$123,500
2
1
1,288
Off Market
201 E Briggs Ave, Fairfield, IA 52556
0.06
$174,800
3
2.5
2,268
Off Market
303 E Hempstead Ave, Fairfield, IA 52556
0.04
$128,900
2
2
884
Off Market
307 E Briggs Ave, Fairfield, IA 52556
0.07
$130,000
Studio
-
2,456
Recently Sold
200 E Briggs Ave, Fairfield, IA 52556
0.08
$230,000
Studio
-
2,325
For Sale
307 E Hempstead Ave, Fairfield, IA 52556
0.07
$138,100
2
1
960
Off Market
201 North St #D, Fairfield, IA 52556
0.10
$58,800
2
1
900
Off Market
1202 N B St #2, Fairfield, IA 52556
0.08
$153,200
2
2
738
Off Market

Price and Tax history

DateEventPrice
Aug 13, 2026
Source: NoCoast MLS as distributed by MLS GRID #6341562
Listed For Sale
$295,000
Oct 12, 2023
Source: N/A
Sold
$270,000
Oct 15, 2021
Source: N/A
Sold
$160,000
Mar 24, 2021
Source: N/A
ListingRemoved
Dec 4, 2018
Source: N/A
Sold
$135,000

LGBTQ Local Legal Protections

Malachi Westercamp, Mossy Oak Properties Boley Real Estate
Agent Phone: (319) 677-0961
Based on information submitted to the MLS GRID as of 2026-09-05 01:02:20 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

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Frequently asked questions about 206 E Hempstead Ave

  • What is the estimated monthly payment for 206 E Hempstead Ave?
    Based on a $295,000 list price with 20% down at today's rates, the estimated monthly payment for 206 E Hempstead Ave in Fairfield, IA is approximately $2,006 (about $1,565 principal & interest, $366 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Fairfield?
    Residents describe Fairfield, IA as easy to park in, well-kept, and quiet. Most residents say you need a car. See homes for sale in Fairfield, IA.
  • What are the closest schools to 206 E Hempstead Ave?
    The closest schools to 206 E Hempstead Ave in Fairfield, IA are Fairfield High School (rated 6/10), Fairfield Middle School (Elementary, rated 7/10), Pence Elementary School (rated 4/10).
  • What is 206 E Hempstead Ave estimated to be worth?
    Trulia's estimated value for 206 E Hempstead Ave in Fairfield, IA is $290,600.
206 E Hempstead Ave, Fairfield, IA 52556 is a studio, 7 bathroom, 3,930 sqft multi-family built in 1900. This property is currently available for sale and was listed by NoCoast MLS as distributed by MLS GRID on Aug 13, 2026. The MLS # for this home is MLS# 6341562.