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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

    List your home for rent

    $862/mo

    Rent Zestimate®

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    $862/mo

    Rent Zestimate®

    Refinance and save

    $934/mo

    Est. payment

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    $934/mo

    Est. payment

    What's special

    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.

    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#: 2506337MLS LogoOriginating 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