Newton, IA 50208 500 1st Avenue W

$320,000

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Presented By: Caliber Realty
  • Des Moines Area AOR (DMAAR) - 188 - IA
  • MLS# 715090
  • 04/07/2025
  • Request Tour
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  • Beds • 4
  • Baths • 4
  • SQFT • 2,480
  • Garage • 2

Home Details

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.
Presented By: Caliber Realty

Interior Features for 500 1st Avenue W

Bedrooms

Total Bedrooms4

Bathrooms

3/4 Baths0
Half Baths
Total Baths4

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringCarpet, Vinyl
Heating Y/NNo

General for 500 1st Avenue W

Additional Parcels Y/NNo
Architectural StyleTwoStory
Attached Garage No
Carport Y/NNo
CityNewton
CoolingCentralAir
CountyJasper
DirectionsTake Exit 164 off I-80 and head north on IA-14 into Newton.  Turn left onto 1st Ave W (US-6) and continue for half a mile — 500 1st Ave W will be on your left.
Electric On Property Y/NNo
Elementary School DistrictNewton
Full Baths4
Garage Spaces2.0
Garage Y/NYes
HOANo
High School DistrictNewton
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionWEST NEWTON LOT 3 SD LOT 45
LevelsTwo
Listing TermsCash, Conventional
Lot Size Square Feet11175.0
Lot Size UnitsAcres
MLS AreaNewton
Middle/Junior School DistrictNewton
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total4
Occupancy TypeTenant
PostalCityNewton
Property Attached Y/NNo
Property TypeMultiFamily
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount1630.0
Waterfront Y/NNo
Year Built1903
ZoningR

Exterior for 500 1st Avenue W

Building Area Total2480.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions75X149
Lot Size Acres0.2565
Lot Size Area0.2565
Open Parking Y/NNo
Parking FeaturesDetached, Garage, TwoCarGarage
Private PoolNo
SpaNo
Water SourcePublic

Additional Details

Price History

Rachel Tiskevics

Realtor®
Price $320,000
MLS#715090
List Date 04/07/2025
Property Type Multi-Family
Phone 641.230.0537
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