225 Clymer Road, Hiawatha, IA 52233
Local realty services provided by:Graf Real Estate ERA Powered
Listed by: jj johannes, thomas o'leary
Office: epique realty
MLS#:2600753
Source:IA_CRAAR
Price summary
- Price:$850,000
- Price per sq. ft.:$161.9
About this home
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.
Upstairs, each residence includes a private primary suite with a walk-in closet and ensuite bath, two additional bedrooms, a full hallway bathroom, and upper-level laundry. These functional layouts support strong tenant demand and help position the property for stable occupancy over time.
From an operational standpoint, this asset is designed for efficiency. With a brand-new roof, furnaces, air conditioning systems, appliances, and finishes throughout, investors should benefit from reduced maintenance exposure and lower near-term capital expenditure risk. All utilities are separately metered, creating better expense control and the ability to pass costs through to tenants, which helps preserve NOI.
The off-street parking lot offers ample parking flexibility, and with no HOA or restrictive covenants, the property provides the owner with broad management discretion, subject to local regulations and permitting. For investors seeking a low-maintenance, newly built asset with current income, predictable expenses, and a strong cap rate, this property stands out as an attractive addition to any portfolio....
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Home facts
- Year built:2026
- Listing ID #:2600753
- Added:147 day(s) ago
- Updated:June 26, 2026 at 03:26 PM
Rooms and interior
- Living area:5,250 sq. ft.
Heating and cooling
- Heating:Gas
- Central air:Yes
Structure and exterior
- Year built:2026
- Building area:5,250 sq. ft.
- Lot area:0.22 Acres
- Construction Materials:Frame
- Foundation Description:Slab
Schools
- High school:Kennedy
- Middle school:Harding
- Elementary school:Hiawatha
Utilities
- Water:Public
Finances and disclosures
- Price:$850,000
- Price per sq. ft.:$161.9
- Tax amount:$464
Parking
- Total parking spaces:6
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