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$ 270,000
Est. payment /mo
Price Dropped by $50K
500 1st Avenue W Newton, IA 50208
4 Beds
4 Baths
2,480 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,480 sqft
Price per Sqft $108
MLS Listing ID 715090
Style Two Story
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1903
Annual Tax Amount $1,630
Lot Size 0.256 Acres
Acres 0.2565
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.
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.
Location
State IA
County Jasper
Area Newton
Zoning R
Interior
Cooling Central Air
Flooring Carpet, Vinyl
Fireplace No
Exterior
Parking Features Detached, Garage, Two Car Garage
Garage Spaces 2.0
Garage Description 2.0
Private Pool No
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Newton
Others
Tax ID 0833228032
Monthly Total Fees $135
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
©2025 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by Caliber Realty
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