Newton, IA 50208,742 S 17th Avenue
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Newton, IA 50208,742 S 17th Avenue
Newton, IA 50208,742 S 17th Avenue
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$ 239,900
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742 S 17th Avenue Newton, IA 50208

6 Beds

2 Baths

2,352 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,352 sqft

Price per Sqft $101

MLS Listing ID 717065

Style Ranch

Bedrooms 6

Full Baths 2

HOA Y/N No

Year Built 1997

Annual Tax Amount $4,502

Lot Size 0.310 Acres

Acres 0.31

Property Description

Discover a fantastic investment opportunity in Newton with this solid income-producing duplex located at 742 S 17th Ave W. This well-maintained property features two spacious 3-bedroom, 1-bath units—each with its own attached 2-car garage, a rare amenity for a multifamily home in the area. Both units are currently tenant-occupied by long-term residents, each paying $850 per month on month-to-month leases, providing immediate cash flow and flexibility for future plans.

Whether you're an investor looking to add value through cosmetic updates and increase rents, or a buyer wanting to live in one unit while renting out the other, this property offers great potential. For those considering owner-occupancy, this duplex qualifies for FHA, VA, and USDA financing options—provided the buyer resides in one of the units, making it an excellent choice for house hacking or first-time homeownership with income support.

With a total current rental income of $1,700 per month and room to grow, this property offers a strong foundation for building wealth through real estate in a stable and growing community. Don't miss your chance to own a duplex with great layout, solid structure, and built-in upside.

Location

State IA

County Jasper

Area Newton

Zoning Res

Interior

Heating Baseboard, Electric

Cooling Window Unit(s)

Flooring Carpet, Vinyl

Furnishings Unfurnished

Fireplace No

Appliance Dryer, Microwave, Refrigerator, Stove, Washer

Laundry Main Level

Exterior

Parking Features Attached, Garage, Two Car Garage

Garage Spaces 2.0

Garage Description 2.0

Utilities Available Electricity Available, Water Available

Roof Type Asphalt,Shingle

Private Pool No

Building

Lot Description Rectangular Lot

Foundation Block, Slab

Sewer Public Sewer

Water Public

Schools

School District Newton

Others

Tax ID 1304205006

Monthly Total Fees $375

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan


Listed by Keller Williams Legacy Group
agent

Traci Jennings

Broker/Owner | License ID: B58326000

+1(515) 291-8720

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742 S 17th Avenue