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1422 1st Avenue E Newton, IA 50208 • Multi Unit - Multiple

  • 1422 1st Avenue E, Newton, IA 50208 Main Photo

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Description

Excellent investment opportunity to acquire this rare multi-family residential and commercial triplex perfectly situated in a popular arterial commercial district. With separate gas and electric meters to keep overhead low, this property offers options to maximum returns. The property includes abundant front parking space, a highly coveted feature that comfortably accommodates multiple vehicles and provides easy, hassle-free access for commercial clients. Unit 1 (residential) provides a sprawling, rare 4-bedroom layout featuring 1 full bath, a 3/4 ensuite bath, and an additional half bath?ideal as a premium rental or spacious owner's quarters. Unit 2 (Residential) is an efficient 2-bedroom, 1-bathroom layout with lots of natural light. Unit 3 (Flexible/Commercial Space): The ultimate flex option, this space can be utilized immediately as commercial storefront/offices or add a shower and kitchen for comfortable residential living, allowing you to adapt seamlessly to market demand. Each unit has its own private entrance. This home offers a nice sized back yard and is steps away from a vibrant array of local stores, dining, and essential services. The location provides convenience for tenants and maximum accessibility for business operations. Whether you are looking to move in, expand a traditional portfolio, or blend commercial and residential, this versatile property could fit perfectly in your portfolio. To respect tenant privacy, interior photos are available upon request.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 3,649
County: Jasper
Listed By:
All In Real Estate Inc 319-693-9301
No Coast MLS
$289,000
Est. $2,021/mo
3,649sqft
Active Price Reduced $5,900 on October 19th, 2026
BEDS0 BATHS0 SQUARE FEET3,649 MLS#6342231
STATUS PROPERTY TYPEMulti Unit - Multiple

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Ruhl&Ruhl Realtors
563.441.1776

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1422 1st Avenue E, Newton, IA 50208.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $289,000$289,000$289,000
Down Payment $57,800$10,115$72,250
Monthly Mortgage Amount $1,519$1,864$1,873
Taxes $402$402$402
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$127$0
Monthly Estimated Total $2,021$2,493$2,375

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