Back 500 1st Avenue West
Off Market

500 1st Avenue West

Newton IA 50208

4
4
2
2480 sq. ft.
11175 sq. ft.
Other
Last sold for $205,000
Justin WashburnJustin Washburn, last sold this property on 15 September 2025 after -170 days on market.

Overview

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.

Features

4 bedrooms
4 bathrooms
2 carspaces
2 garage spaces
2480 sq. ft. floor area
11175 sq. ft. lot size
Other

Estimated Value

Based on this property and similar 4 bedroom other properties sold in Newton over the last 12 months, the estimated median property value of 500 1st Avenue West is $365k.

Median value
$365k
Estimated value range
$205k - $605k
Median days on market
133
Estimated value trend
17%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Newton. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 500 1st Avenue West

2025
Sold
$205,000
15 Sep 2025 by Justin Washburn, of Caliber Realty

Happy sellers in Newton

92%
92% of sellers in Newton reported that their sale price either exceeded or met their price expectations.

Newton stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Newton over the last 12 months.

Local market activity for 4 bedroom other properties in Newton

In the last 12 months, 3 four-bedroom other properties similar to 500 1st Avenue West, have been sold.

This represents a 100% decrease in four-bedroom other properties sales when compared to the previous 12 months.

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