Sold
Address
412 S 2nd Avenue E, Newton, IA
Price
$ 167,500
Property Attributes
- MLS#738691
- TypeMulti-Family
- Listing Status Sold
- CountyJasper
- CityNewton
- AreaNewton
- Zip50208
- Style
- Year Built1930
- Taxes$ 1409
- Price$ 167,500
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage1908
- Lot Size0.2 Acres
Data Source:
Des Moines Area AOR (DMAAR)
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.
| Price History | |
|---|---|
| 4/17/2026 | Listed $159,000 |
| 5/13/2026 | 3$154,000 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 50208
Price
Taxes
Year Built
DMAAR: Des Moines Area Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
