500 1st Avenue W, Newton, IA 50208
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
500 1st Avenue W,Newton, IA 50208
$209,000
- 4 Beds
- 4 Baths
- 2,480 sq. ft.
- Multi-family
- Pending
Listed by:justin washburn
Office:caliber realty
MLS#:721394
Source:IA_DMAAR
Price summary
- Price:$209,000
- Price per sq. ft.:$84.27
About this home
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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Home facts
- Year built:1903
- Listing Id #:721394
- Added:43 day(s) ago
- Updated:August 06, 2025 at 07:25 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Living area:2,480 sq. ft.
Heating and cooling
- Cooling:Central Air
Structure and exterior
- Year built:1903
- Building area:2,480 sq. ft.
- Lot area:0.26 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$209,000
- Price per sq. ft.:$84.27
- Tax amount:$1,630
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