225 Clymer Road, Hiawatha, IA 52233
Linn County
Key Facts
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. 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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
2026
Living Area
5,250 sq ft
Lot Size
0.22 acres
Lot Dimensions
70x136
Parking Spaces
6
Zoning
Res 3+
Days on Market
81
MLS® Listing#
2600753
Property Features
Cooling
Heating
Construction
Foundation
Sewer
Water Source
Schools
- Elementary:
- Hiawatha
- Middle:
- Harding
- High:
- Kennedy
Financial Details
Annual Taxes
$464
Parcel Number
11332-29002-00000
Directions
Heading north on Robins Road, turn left on Clymer Road, property on the left.
Affordability Calculator
$170,000
Estimated monthly payment
$4,524/mo
Principal $680,000 · Est. interest $948,661 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Hiawatha, IA
- $341,176
- Median Listing Price
- 110
- Median Days on Market
- 2,174
- Median Sq Ft
- $161
- Median Price / Sq Ft
- 26
- Active Listings
- This home’s price is 149% above the area median.
- Its price per sq ft is 1% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Hiawatha, IA.
Location
Points of Interest in Hiawatha, IA
Showing the Hiawatha area map.
Nearby Schools
Nixon Elementary School
Elementary · 0.4 mi away
Champions at Nixon Elementary School
Elementary · 0.4 mi away
Hiawatha Elementary School
Elementary · 0.8 mi away
Champions at Hiawatha Elementary School
Elementary · 0.8 mi away
Westfield Elementary School
Elementary · 1.6 mi away
St Pius X School
School · 1.6 mi away
Xavier High School
Secondary · 1.7 mi away
Kennedy High School
Secondary · 1.8 mi away
Bova's Class
School · 1.8 mi away
Pierce Elementary School
Elementary · 1.8 mi away
Good Shepherd Lutheran Day School
Elementary · 1.9 mi away
Harding Middle School
Secondary · 2.0 mi away
Summit Schools
Secondary · 2.2 mi away
Champions at Viola Gibson Elementary School
Elementary · 2.2 mi away
Montessori School of Marion
Elementary · 2.2 mi away
Wright Elementary School
Elementary · 2.3 mi away
Bowman Woods Elementary School
Elementary · 2.3 mi away
Apple Kids
School · 2.4 mi away
Caring Corner
School · 2.5 mi away
KENWOOD Elementary School
Elementary · 2.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3061 Dell Ridge Lane, Hiawatha, IA | $599,900 | 5 | 3 | 3,228 |
| 1450 N Center Point Road Lot 3, Hiawatha, IA | $603,741 | — | — | — |
| 1450 N Center Point Rd - Lot 3, Hiawatha, IA | $603,741 | — | — | — |
| 3007 Prairielight Ct, Hiawatha, IA | $624,950 | 5 | 3 | 2,823 |
| 3008 Prairielight Court, Hiawatha, IA | $660,000 | 5 | 3 | 3,071 |
| 3004 Forrest Meadow Lane, Hiawatha, IA | $660,000 | 5 | 4 | 3,368 |
Moving Cost Estimate
EXIT Agents in Hiawatha
Listing Courtesy: Epique Realty - 3195401002
Presented by: JJ Johannes