Great opportunity to own a fully rented 4-plex in the heart of Fairfax. This income-producing property features a solid rental history with some long-term tenants already in place, offering immediate cash flow for the next owner. The property is part of an estate and is being sold as-is. See disclosure and recent rental inspection. Any and all repairs including rental permit repairs shall be the responsibility of the buyer after closing.
No private showings will be offered.
There will be three public and agent viewing opportunities based on the following schedule:
Wednesday, July 23, from 4:00 PM to 6:00 PM
Sunday, July 27, from 1:00 PM to 3:00 PM
Monday, July 28, from 4:00 PM to 6:00 PM
Any and all offers are due by 12pm, Tuesday, July 29.
Don't miss this chance to invest in a well-maintained multi-unit property in a growing community.
Sold for $140,000 on 08/28/25
$140,000
400 Vanderbilt St, Fairfax, IA 52228
--beds
--baths
2,292sqft
Multi Family
Built in 1900
-- sqft lot
$140,000 Zestimate®
$61/sqft
$862 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: August 29, 2025 at 01:25pm
Listed by:
Stefan Doerrfeld-Twenty40 Sales Team 319-423-9515,
Twenty40 Real Estate + Development,
Rhyse Pelley 319-929-5330,
Twenty40 Real Estate + Development
Bought with:
Mike Graf-Graf Home Selling Team
GRAF REAL ESTATE, ERA POWERED
Source: CRAAR, CDRMLS,MLS#: 2506337
Originating MLS: Cedar Rapids Area Association Of Realtors

Facts & features
Interior
Heating
- See Remarks
Cooling
- See Remarks
Appliances
- Laundry: Common Area
Features
- Basement: Full
Interior area
- Total interior livable area: 2,292 sqft
Property
Parking
- Total spaces: 4
Features
- Exterior features: Fence
Lot
- Size: 8,494 sqft
- Dimensions: 85 x 100
Details
- Parcel number: 201613000300000
- Zoning: Multi
- Zoning description: Multi
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding, Wood Siding
- Foundation: Block
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Fairfax
Other
Other facts
- Listing terms: Cash,Conventional
Services availability
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$140,000
2% more+$2,800
With Zillow Showcase(estimated)$142,800