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$89,900

400 Vanderbilt St Fairfax, IA 52228

2,292 sqft
0.2 acres
$39 / sqft
Multi-Family

Property details

About 400 Vanderbilt St

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.

Highlights

Home typeMulti Family
HeatingOther
StatusActive
CoolingOther
Size2,292 sqft
BasementYes
Lot size0.195 Acres
Year built1900
MLS #2506337

Virtual tour

Summary

  • Basement: Yes
  • Exterior: Fence
  • Heating: Other
  • Cooling: Other
  • List Price: $89,900
  • Price/SqFt: $39
  • Annual Tax Amount: $1,612
  • Tax Year: 2023
  • Year Built: 1900
  • Living Area: 2,292 SqFt
  • Lot Size: 0.195 Acres
  • MLS Number: 2506337
  • MLS Name: CDR
  • Office Name: Twenty40 Real Estate + Development
  • Office Phone: (319) 423-9515
  • Office Email: office@twenty40concepts.com
  • Listing Agent: Stefan Doerrfeld-Twenty40 Real Estate + Development

IDXProvided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.
Copyright 2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/25/2025, 8:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$105,700$1,612
2021$97,500$1,734

History based on county public records data.

Nearby schools

3

Coolidge Elementary

Public District PK-5

3.9 mi

6225 1st Ave SW

5

Van Buren Elementary

Public District KG-5

4.4 mi

2525 29th St SW

4

Truman Elementary

Public District KG-5

4.6 mi

441 W Post Rd NW

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $84,885. Residents of Fairfax, IA typically earn between $35k-100k each year. Most families are married, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

10%
<35k
54%
35k-100k
32%
100k-200k
4%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

32%
Single, No Kids
6%
Single, with Kids
36%
Married, No Kids
26%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

16%
<11 yrs old
8%
12-17 yrs old
15%
18-34 yrs old
43%
35-64 yrs old
18%
65+ yrs old

What do the neighbors do for fun?

  • SoccerSoccer
  • PGA/LPGAPGA/LPGA
  • NASCARNASCAR

Where do the neighbors shop?

  • Old NavyOld Navy
  • Stein MartStein Mart
  • Dick's Sporting GoodsDick's Sporting Goods

Where do the neighbors go to eat?

  • Jimmy JohnsJimmy Johns
  • Bob EvansBob Evans
  • ArbysArbys

What do the neighbors drive?

  • GMCGMC
  • LincolnLincoln
  • RamRam

What do the neighbors listen to?

  • New CountryNew Country
  • News/Talk/InformationNews/Talk/Information
  • Adult HitsAdult Hits
All data provided by Home Junction and Claritas

Frequently asked questions

About 400 Vanderbilt St

The listing price of 400 Vanderbilt St property is $89,900.

The property 400 Vanderbilt St is a multi located in Fairfax, Iowa, 52228.

Active Listing: 400 Vanderbilt St is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 400 Vanderbilt St are: Coolidge Elementary (GreatSchools Rating 3/10), Van Buren Elementary (GreatSchools Rating 5/10), Truman Elementary (GreatSchools Rating 4/10), Taft Middle School (GreatSchools Rating 5/10), Roosevelt Middle School (GreatSchools Rating 2/10), Wilson Middle School (GreatSchools Rating 5/10), Jefferson High School (GreatSchools Rating 2/10), Prairie Point High School (GreatSchools Rating 4/10), Prairie Point Middle School / 9th Grade Academy (GreatSchools Rating 6/10).

According to the records, the last property tax for 2023 is $1,612 (source: MLS/based on county public records data).

The property 400 Vanderbilt St is 2,292 SqFt (source: MLS/tax record).

The year of construction for 400 Vanderbilt St is 1900.

This home is located at 400 Vanderbilt St in Fairfax, IA and zip code 52228. This 2,292 square foot home, which was built in 1900, sits on a 0.20 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since July 21, 2025 and is currently priced at $89,900.

Fairfax, IA housing market in June 2025 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 2 sold below. The number of listings in Fairfax, IA decreased by 7.1% between May and June 2025. In June 2025, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $330,000.

From Rocket Homes Real Estate and based on county public records data.

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