400 Vanderbilt Street

Fairfax IA 52228

2292 sq. ft.

0.2 ac.

Multi-Family

Last sold for $140,000

Twenty40 Real Estate + Development, last sold this property on 28 August 2025 after -115 days on market.

Overview

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.

Features

4 carspaces

2292 sq. ft. floor area

0.2 ac. lot size

Multi-Family

Estimated Value

We need at least 3 similar multi families sold in Fairfax over the last 12 months.

Property history for 400 Vanderbilt Street

2025

Sold

$140,000

28 Aug 2025 by Twenty40 Real Estate + Development, of Twenty40 Real Estate + Development

Happy sellers in Fairfax

We have insufficient information to provide an overview of customer satisfaction for Fairfax. Viewing the agent profiles, reviews and sales for Fairfax can provide insights for this location.