Investment Opportunity: Discover this rare opportunity to own a solid income-producing 4-plex, built in 1993 and set on a generous 3-acre lot of green space. Each unit offers 2 bedrooms, 2 bathrooms, central air, separately metered, carport parking plus additional on-site parking, a private storage unit, and access to on-site laundry. With a mix of long-term tenants already in place, you can start earning rental income immediately. The property offers strong potential for cash flow and future appreciation. Listing brokerage is the current property manager. Whether you're expanding your portfolio or diving into multi-family investing, this property is a mix of what you have been looking for.
Pending
$225,000
300 E Buchanan Ave, Fairfield, IA 52556
--beds
0baths
3,696sqft
Est.:
Quadruplex
Built in 1993
-- sqft lot
$-- Zestimate®
$61/sqft
$-- HOA
What's special
- 70 days
- on Zillow |
- 20 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 06:01pm
Listed by:
Tammy Dunbar 641-919-2625,
Fairfield Real Estate
Source: NoCoast MLS,MLS#: 6328660

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Other
- Level: Main
Heating
- Forced Air
Appliances
- Laundry: Common Area
Features
- Basement: Slab
- Has fireplace: No
Interior area
- Total interior livable area: 3,696 sqft
Property
Parking
- Parking features: Carport, Gravel
- Has carport: Yes
Accessibility
- Accessibility features: No Stairs External, No Stairs Internal
Features
- Stories: 1
Lot
- Size: 2.93 Acres
- Dimensions: 2.93 acres m/l
Details
- Parcel number: 06363270118
- Zoning: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Frame, Stucco
- Roof: Shingle
Condition
- Year built: 1993
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: NORTH BAY ADD
HOA
- Has HOA: Yes
- HOA name: SEIA
Location
- Region: Fairfield
Financial & listing details
- Price per square foot: $61/sqft
- Tax assessed value: $12,200
- Annual tax amount: $3,920
- Date on market: 6/14/2025
- Tenant pays: Cable TV, Electricity, Fuel, Trash Collection, Water
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