1st Ave Apartments 4 Plex- Multifamily

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FOR SALE: Turnkey 4-Plex Investment Opportunity | Newton, IA

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.


$320,000

500 1st Ave West, Newton, IA

4 units 2,480 SF / 620 SF per unit 1903

Listing Agents

Director of Realty

Justin Washburn


515-238-4528

Commercial Agent

Julianah Rodgers


515-249-9260

Commercial Agent

Zach Downs


515-803-1412