412 S 2nd Avenue E, Newton, IA 50208
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412 S 2nd Avenue E, Newton, IA 50208
412 S 2nd Avenue E, Newton, IA 50208
412 S 2nd Avenue E, Newton, IA 50208
412 S 2nd Avenue E, Newton, IA 50208
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$ 154,000
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412 S 2nd Avenue E Newton, IA 50208

4 Beds

4 Baths

1,908 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,908 sqft

Price per Sqft $80

MLS Listing ID 738691

Style Two Story

Bedrooms 4

Full Baths 2

Three Quarter Bath 2

HOA Y/N No

Year Built 1930

Annual Tax Amount $1,409

Tax Year 2024

Lot Size 8,712 Sqft

Acres 0.2

Property Description

Located at 412 S 2nd Ave E in Newton, this two-story duplex offers investors a strong 10.6% cap rate along with excellent versatility. Recent exterior updates include a new roof installed in 2023 and new siding completed in 2024.

The 1,908 sq ft property can be used as a single-family home with four total bedrooms or kept as an up-and-down duplex with separate private entrances. The upper unit is fully remodeled with modern finishes, new black appliances, and new vinyl plank flooring throughout. The main level offers its own kitchen, a newer Lennox furnace, and laundry hookups on both floors.

With separate gas and water meters, rear alley access, and a convenient location near downtown, this property provides strong cash flow potential and multiple use options for both investors and owner-occupants.

Location

State IA

County Jasper

Area Newton

Zoning R-3

Rooms

Basement Partial

Interior

Heating Forced Air, Gas, Natural Gas

Cooling None

Fireplace No

Exterior

Utilities Available Electricity Available, Natural Gas Available, Water Available

Roof Type Asphalt,Shingle

Private Pool No

Building

Entry Level Two

Foundation Block, Brick/Mortar

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Newton

Others

Tax ID 0834179005

Monthly Total Fees $117

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


Listed by RE/MAX Concepts

NEARBY SCHOOL & BUSINESS

Amber Lesnick

Amber Lesnick

Managing Broker/Owner

+1(515) 229-3402

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412 S 2nd Avenue E