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500 1st Avenue W

Newton, IA 50208
  • $320,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 715090
UPDATED: 224 min ago
$320,000
  • 4
    BEDS
  • 0.26
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,480
    SQFT
  • $129
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1903
County:
Area:

School Ratings & Info

School District:

Description

Discover a prime multifamily investment with this well-maintained 4-plex, ideally located just a 5-minute walk from Newton's charming downtown square. Each of the four units features a spacious 1-bedroom layout, offering consistent rental demand in a strong local market. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer entering the multifamily space, this property presents a compelling opportunity. With recent renovations completed in 2023 and steady cash flow in place, this asset is truly turnkey. Positioned in a convenient and accessible location, the property offers immediate income with future value-add potential through rental rate adjustments. Don't miss the chance to own a clean, updated, and income-producing property in a growing community.

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© 2025 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Kooyman Real Estate Team | RE/MAX Concepts. Data last updated: 2025-04-30T00:22:43.127.
www.kooymanrealestateteam.com/homes/162329059
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500 1st Avenue W Newton, IA 50208

  • Price: $320,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 224 min ago
  • MLS #: 715090
4
Beds
4
Baths
0
½ Baths
0.26
Acres
2,480
SQFT
$129
$/SQFT
1903
Built
Neighborhood:
Newton
County:
Jasper
Area:
Newton
School District:
Newton
Property Description
Discover a prime multifamily investment with this well-maintained 4-plex, ideally located just a 5-minute walk from Newton's charming downtown square. Each of the four units features a spacious 1-bedroom layout, offering consistent rental demand in a strong local market. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer entering the multifamily space, this property presents a compelling opportunity. With recent renovations completed in 2023 and steady cash flow in place, this asset is truly turnkey. Positioned in a convenient and accessible location, the property offers immediate income with future value-add potential through rental rate adjustments. Don't miss the chance to own a clean, updated, and income-producing property in a growing community.
Exterior Features

Architectural Style Two Story Attached Garage YN No Garage YN Yes Levels Two Parking Features Detached Garage Two Car Garage

Interior Features

Cooling Central Air Cooling YN Yes Flooring Carpet Vinyl

Property Features

Lease Considered YN No Listing Terms Cash Conventional Lot Size Dimensions 75 X149 Sewer Public Sewer Tax Annual Amount 1630 Water Source Public Zoning R

Listing provided courtesy of Caliber Realty: (515) 290-9359. © 2025 Des Moines Multiple Listing Service.
© 2025 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Kooyman Real Estate Team | RE/MAX Concepts. Data last updated: 2025-04-30T00:22:43.127.
 
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