500 1st Avenue W Active Save Request In-Person Tour Request Virtual Tour
Newton,IA 50208
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,480 sqft
Price per Sqft $129
MLS Listing ID 715090
Style Two Story
Bedrooms 4
Full Baths 4
Year Built 1903
Annual Tax Amount $1,630
Lot Size 0.256 Acres
Property 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.
Location
State IA
County Jasper
Area Newton
Zoning R
Interior
Cooling Central Air
Flooring Carpet,Vinyl
Exterior
Parking Features Detached,Garage,Two Car Garage
Garage Spaces 2.0
Garage Description 2.0
Building
Sewer Public Sewer
Water Public
Schools
School District Newton
Others
Monthly Total Fees $135
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional