500 1st Ave W - Apartments FOR SALE


Newton, IA 50208
$209,000 USD
515-249-9260
500 1st Ave W, Newton, IA for Sale
$209,000 USD
Apartments - FOR SALE
1/10
null | 10.49% Cap Rate

500 1st Ave W
Newton, IA 50208


OVERVIEW

This well-maintained 4-plex is ideally located just a 5-minute walk from Newton’s vibrant downtown square. Each of the four units features a spacious 1-bedroom layout, supporting consistent rental demand in a strong, stable market. With recent renovations completed in 2023, this turnkey property offers immediate cash flow and low maintenance requirements—perfect for both seasoned investors and first-time multifamily buyers. Positioned in a convenient, walkable location, the property offers not only reliable income but also future upside through rental rate adjustments. Don’t miss your chance to own a clean, updated, income-producing asset in one of Central Iowa’s growing communities.

FOR SALE DETAILS

PRICE

$209,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

4

PRICE/UNIT

$52,250

CAP RATE

10.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1903

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

R

APN/PARCEL ID

08-33-228-032

ASK ABOUT THIS PROPERTY

Julianah RodgersCaliber CompanyMore Info
515-249-9260

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Julianah RodgersCaliber CompanyMore Info
515-249-9260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.