500 1st Avenue, Newton, IA 50208

Newton, IA Homes for Sale in 50208 and Real Estate MLS # 721394

$242,000

  • 4
  • 4
  • 2480
  • Active
New Listing

General 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.

Legal: WEST NEWTON LOT 3 SD LOT 45
Status: Active

Property Information

721394

$242,000

Sale

TwoStory

MultiFamily

500 1st Avenue W

Newton

Jasper

IA

50208

4

2480

4

4

2480

11175

Detached, Garage, TwoCarGar

2

Newton

1630

1903

Newton

Features

TwoStory

Utilities

Public

PublicSewer

CentralAir

No

LISTED BY

Caliber Realty, Justin Washburn (515.238.4528) & Caliber Realty, Julianah Rodgers (515.249.9260)

PROPERTY LOCATION

MORTGAGE CALCULATOR


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New Listing
Aaron Jones - ABR | SRS, RE/MAX Hall of Fame & Lifetime Achievement

Aaron Jones

ABR | SRS, RE/MAX Hall of Fame & Lifetime Achievement

Ask About this Property #721394

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