$850,000

225 Clymer Road, Hiawatha, IA 52233

  • 9 beds |
  • 3 baths |
  • 5,250 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2026
  • Property Lot Size Icon9,540sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $162/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

This brand-new multifamily property in Hiawatha offers investors a rare opportunity to acquire a newly constructed, income-producing asset with immediate stabilization and limited near-term capital needs. With a current rent roll of $6,500 per month and approximately $78,000 in gross annual income, the property is already producing reliable cash flow from day one. Based on a purchase price of $850,000 and NOI of $65,600, the property is positioned at an approximately 7.72% cap rate, offering a compelling yield in a high-demand market. For investors focused on income, this is a clean, modern asset with built-in efficiency and strong long-term hold potential. The property consists of three two-story units, each offering approximately 1,750 finished square feet with 3 bedrooms and 2.5 bathrooms. Units feature open-concept main levels, spacious living areas, modern kitchens, and dining spaces, along with white cabinetry, quartz countertops, stainless steel appliances, and durable LVP flooring. Each unit also includes a main-level half bath and sliding patio doors that add livability and tenant appeal.

Listing Status:
Active
Date Added:
February 17, 2026
Data Last Updated:
May 20, 2026 at 9:17PM
Listing Office:
Epique Realty : (319) 540-1002
Listing Agent:
JJ Johannes : (319) 540-1002
MLS ID:
734600
  • Appliances: DishwasherMicrowaveRefrigeratorStove
  • Laundry: Upper Level
  • Flooring: CarpetHardwood
  • A/C: Central Air
  • Heating: Forced AirGasNatural Gas
  • Style: Two Story
  • Roofing: AsphaltShingle
  • General: Vinyl Siding2PouredSlab
  • Originating MLS: DMAAR_DM
  • School District: Outside School District
  • County: Linn
  • Zoning: Res3+As Per Abstract113322900200000
  • Utilities: Electricity AvailableNatural Gas AvailableWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: DMAAR_DM

This listing courtesy of JJ Johannes , Epique Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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