Nice 6-unit apartment building in the college town of Fayette. The Current owner has done many updates over the past few years including new steel siding in 2015 and apartment remodels. Great income property and off-street parking right downtown Fayette.
Multi-familyProperty Type
1950Year Built
0.46 acresLot Size
$41Price/Sq.Ft.
Listed by Nathan Trappe• Allen Real Estate Company, LLC
Listed by • Allen Real Estate Company, LLC
Bought with Heath Landt• Allen Real Estate Company, LLC
Source:NEIRBR as distributed by MLS GRID #20205518
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Market trends in 52142, IA
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-List Price
93.3%
3.2% MoM
Median sale price
$140K
$87K MoM
Avg. days on market
15d
5 days MoM
Recently sold homes
7
1 MoM
Provided by Redfin
Sale history for 5 S Main St
Date
Event
Price
LEASESTAR #2
Jun 19, 2023
Rental Removed
$500
$0/sq ft
Public Records
Jul 19, 2022
Sold
$250,000
$41/sq ft
RENT. #1
Jun 12, 2022
Price Changed
$500
$0/sq ft
NEIRBR as distributed by MLS GRID #20205518
Jul 1, 2021
Sold
$220,000
$36/sq ft
Oct 31, 2020
Listed
$220,000
$36/sq ft
Nice 6-unit apartment building in the college town of Fayette. The Current owner has done many updates over the past few years including new steel siding in 2015 and apartment remodels. Great income property and off-street parking right downtown Fayette.
Year
Property tax
Land + Additions
Assessment*
2026
$4,126 (+2.4%)
$17,030 + $239,890
$256,920
2025
$4,030 (+0.9%)
$17,030 + $239,890
$256,920
2024
$3,994 (+16.6%)
$17,030 + $239,890
$256,920
2023
$3,424 (−8.6%)
$17,030 + $214,420
$231,450
2022
$3,746 (−4.6%)
$17,030 + $214,420
$231,450
2021
$3,926 (−4.2%)
$17,030 + $156,570
$173,600
2020
$4,098 (+34.8%)
$17,030 + $156,570
$173,600
2019
$3,040 (−7.5%)
$17,030 + $156,570
$173,600
2018
$3,286 (−13.4%)
$17,030 + $156,570
$173,600
2017
$3,794 (−2.6%)
$15,030 + $109,730
$124,760
2016
$3,894 (−6.0%)
$15,030 + $109,730
$124,760
2015
$4,144
$15,030 + $109,730
$124,760
Tax history for 5 S Main St
Year
Property tax
Land + Additions
Assessment*
2026
$4,126 (+2.4%)
$17,030 + $239,890
$256,920
2025
$4,030 (+0.9%)
$17,030 + $239,890
$256,920
2024
$3,994 (+16.6%)
$17,030 + $239,890
$256,920
2023
$3,424 (−8.6%)
$17,030 + $214,420
$231,450
2022
$3,746 (−4.6%)
$17,030 + $214,420
$231,450
2021
$3,926 (−4.2%)
$17,030 + $156,570
$173,600
2020
$4,098 (+34.8%)
$17,030 + $156,570
$173,600
2019
$3,040 (−7.5%)
$17,030 + $156,570
$173,600
2018
$3,286 (−13.4%)
$17,030 + $156,570
$173,600
2017
$3,794 (−2.6%)
$15,030 + $109,730
$124,760
2016
$3,894 (−6.0%)
$15,030 + $109,730
$124,760
2015
$4,144
$15,030 + $109,730
$124,760
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Property details
Exterior
Exterior Information
Building Type: Apartment
Property Information
Subdivision Name: RIVER ADD
Ground Floor Sq. Ft: 3,024
Building Sq. Ft: 6,048
# of Stories: 2
Legal Description: PARCEL 'O' IN NW NW, RIVER ADD, SURVEY BK 11 PGS 203-205
Lot Information
# of Buildings: 1
Land Sq. Ft: 20,038
Legal Lot Number: 11
Legal Block Number: 7
Municipality Name: FAYETTE INC UR
Acres: 0.46
County Use Description: RESIDENTIAL
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: —
Baths: —
Sq. Ft.: 6,048
Stories: 2.0
Lot Size: 0.46 acres
Style: Multi-Family (5+ Unit)
Year Built: 1950
Year Renovated: 1950
County: Fayette County
APN: 1128103002
Home facts updated by county records on Sep 22, 2026
Around this home
Schools
North Fayette Elementary Fayette Center
Public 4-5 • Assigned • 0.3mi
North Fayette Valley Middle School
Public 5-8 • Assigned • 11.5mi
6/10
North Fayette Valley High School
Public 9-12 • Assigned • 8.5mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
6/10 Flood Factor
Estimated 68-76% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 100° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Fayette, IA • 52142
Average low and high temperatures (°F)
25
9
32
16
52
31
60
40
71
50
80
62
83
67
78
61
77
55
67
45
47
31
31
17
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10 hours in
June and 3.9 hours in December, which is comparable to the
U.S. average for solar exposure.