Properties

PROPERTY DETAILS
Property Description :

Some investments ask you to be patient. This one starts paying you on day one. 225 Clymer is a newly built Hiawatha multifamily with three side-by-side two-story units, and the numbers are easy to like. The rent roll is $6, 500 a month, or $78, 000 a year in gross income. Based on an estimated NOI of $65, 600, the property works out to an approximate 8.46% cap rate on a building with no deferred maintenance waiting to surprise you. Buyers should verify all income and expense figures. The units are what keep it rented. Each one has about 1, 750 finished square feet with 3 bedrooms and 2.5 bathrooms. The main level is open and bright, with a modern kitchen, white cabinetry, quartz countertops, stainless appliances, and durable LVP flooring. A half bath and sliding patio doors round out the main floor. Upstairs, tenants get a private primary suite with a walk-in closet and ensuite bath, two more bedrooms, a full hall bath, and laundry right where the laundry baskets are. It’s the kind of layout that gets renewed leases. The expense side is just as clean. The roof, furnaces, A/C systems, and appliances are all new, so you’re not budgeting for big replacements any time soon. Every unit is separately metered, which keeps your costs in check and helps protect your NOI. Off-street parking gives tenants plenty of room, and with no HOA or restrictive covenants, you run the property your way, subject to local regulations and permitting. If you want income that’s already in place, a building that’s easy to own, and a yield that holds up, this is a good one to add to the portfolio. Call to schedule a private showing and see it for yourself.

Property Type : Residential
Listing ID : 2607008
Listing Type : For Sale
Price : $750,000
Year Built : 2026
Lot Area : 0.22 Acre
Building Area Total : 5250
Lease Amount Unit : Dollars Per Square Foot
Property Type : Multi Family
Area : Hiawatha/Robins
Listing Status : Active
Property Sub Type : Multi Family
Property Subtype : Multi Family
Property Description

Some investments ask you to be patient. This one starts paying you on day one. 225 Clymer is a newly built Hiawatha multifamily with three side-by-side two-story units, and the numbers are easy to like. The rent roll is $6, 500 a month, or $78, 000 a year in gross income. Based on an estimated NOI of $65, 600, the property works out to an approximate 8.46% cap rate on a building with no deferred maintenance waiting to surprise you. Buyers should verify all income and expense figures. The units are what keep it rented. Each one has about 1, 750 finished square feet with 3 bedrooms and 2.5 bathrooms. The main level is open and bright, with a modern kitchen, white cabinetry, quartz countertops, stainless appliances, and durable LVP flooring. A half bath and sliding patio doors round out the main floor. Upstairs, tenants get a private primary suite with a walk-in closet and ensuite bath, two more bedrooms, a full hall bath, and laundry right where the laundry baskets are. It’s the kind of layout that gets renewed leases. The expense side is just as clean. The roof, furnaces, A/C systems, and appliances are all new, so you’re not budgeting for big replacements any time soon. Every unit is separately metered, which keeps your costs in check and helps protect your NOI. Off-street parking gives tenants plenty of room, and with no HOA or restrictive covenants, you run the property your way, subject to local regulations and permitting. If you want income that’s already in place, a building that’s easy to own, and a yield that holds up, this is a good one to add to the portfolio. Call to schedule a private showing and see it for yourself.

Features
: Parking Space(s)
: In Unit
: Public Sewer
: Separate Meters
Address Map
US
IA
Linn
Hiawatha
52233
Clymer
225
Road
Heading north on Robins Road, turn left on Clymer Road, property on the left.
Hiawatha/Robins
Res 3+
Neighborhood
Hiawatha
Kennedy
Harding
More Information
Epique Realty
JJ Johannes
$0
$0
$0
Additional Information
: Frame , Vinyl Siding
: Slab
70x136
3
2026-10-07
775000
https://www.propertypanorama.com/instaview/cdr/2607008
: Public
Financial
464.0
Listing Information
JOHANNESJJ121
CEPIQ
Cash, Conventional, FHA, VA Loan
Active
2026-10-30T17:46:03Z
CDR
2026-10-07T16:53:24Z

225 Clymer Road, Hiawatha, Iowa 52233

225 Clymer Road, Hiawatha, Iowa 52233

  • Lot Area: 0.22 Acre
List Price: $750,000.00
Listing ID#2607008
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Q4 Agents

JASON ROGERS

Broker

1950 Boyson Road Hiawatha, Iowa 52233

Contact Jason Rogers:

319-361-3958 jrogers@Q4realestate.com

CRAIG BYERS

Realtor, CCIM

1950 Boyson Road Hiawatha, Iowa 52233

Contact Craig Byers:

319-360-7017 cbyers@Q4realestate.com

AUSTIN GEASLAND

Realtor

1950 Boyson Road Hiawatha, Iowa 52233

Contact Austin Geasland:

319-893-3279 ageasland@Q4realestate.com

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