$3,205 Closing Credit¹
#716073, Colby Lawson, Listing Office: Real Estate Solutions
$270,000 List price
500 1st Ave W Newton, IA 50208
$3,206
Closing credit¹
4 beds
4 full
2,480 sqft
0.3 acres
$109 / sqft
House
Property details
About 500 1st Ave W
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.
Highlights
Home typeOther
StatusActive
CoolingCentral Air
Size2,480 sqft
Lot size0.2565 Acres
Year built1903
ParkingDetached, Garage, Two Car Garage
MLS #715090
Garage2 spaces
Summary
- Full Bathrooms: 4
- Flooring Type: Carpet, Vinyl
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Detached, Garage, Two Car Garage
- Architectural Style: Two Story
- Cooling: Central Air
- List Price: $270,000
- Price/SqFt: $108
- Annual Tax Amount: $1,630
- Tax Year: 2024
- Directions: Take Exit 164 off I-80 and head north on IA-14 into Newton. Turn left onto 1st Ave W (US-6) and continue for half a mile — 500 1st Ave W will be on your left.
- Year Built: 1903
- Stories: 2
- Living Area: 2,480 SqFt
- Lot Size: 0.2565 Acres
- MLS Number: 715090
- MLS Name: DMAAR
- Office Name: Caliber Realty
- Office Phone: (515) 238-4528
- Listing Agent: Justin Washburn
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2025, 8:20:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$270,000
500 1st Ave W
$3,206
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 07, 2023 | Home Sold | $200,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $200,180 | $1,630 |
| 2023 | $86,550 | $1,672 |
| 2022 | $75,270 | $2,632 |
| 2021 | $100,430 | $2,108 |
| 2020 | $75,120 | $2,242 |
| 2019 | $- | $2,492 |
| 2017 | $- | $2,616 |
History based on county public records data.
Nearby schools
7
Woodrow Wilson Elementary School
Public District KG-4
0.5 mi
•801 S 8th Ave W
2
Emerson Hough Elementary School
Public District KG-4
0.8 mi
•700 N 4th Ave E
4
Thomas Jefferson Elementary School
Public District PK-4
0.9 mi
•112 Thomas Jefferson Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,092. Typical income of Newton, IA residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
26%
<35k
62%
35k-100k
12%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
15%
Single, with Kids
24%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
8%
12-17 yrs old
23%
18-34 yrs old
36%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
NASCAR
Figure Skating
Where do the neighbors shop?
Academy Sports & Outdoors
Dollar General
Kmart
Where do the neighbors go to eat?
Little Caesars
Cracker Barrel
Bob Evans
What do the neighbors drive?
Chevrolet
Ram
Buick
What do the neighbors listen to?
Country- Classic Country
Oldies
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
Living in Newton, IA
Transportation in Newton includes a network of roads that connect residents to nearby cities and towns, facilitating easy travel and commuting. Public transportation options are available, providing residents with alternatives to private vehicle use. The town also supports walkability in its downtown area, making it convenient for residents to access local services and amenities on foot. While ride-sharing services are present, they complement the existing transportation infrastructure without dominating it.
The community is served by a number of public schools, ensuring educational opportunities for children of all ages. Healthcare needs are met by local clinics and the nearby larger medical centers, providing comprehensive care including emergency services. Newton also features a public library system that supports lifelong learning and community engagement. Retail and dining options reflect the local culture, with a range of shops and eateries that cater to both residents and visitors.
Newton prides itself on a strong sense of community and a quiet, small-town charm that resonates throughout the area. The community is celebrated for its annual events, such as the Jasper County Fair, which showcases the local culture and brings residents together in a festive atmosphere. The town's character is further defined by its commitment to preserving local history and fostering a friendly, welcoming environment.
Newton, Iowa, offers a diverse array of housing options, with single-family homes being a significant part of the housing market. The architectural styles in Newton vary, with a mix of historic homes that reflect its rich past and more contemporary designs that cater to modern preferences. The housing market is balanced, with a healthy mix of ownership and rental opportunities, allowing for a variety of choices for residents.
About 500 1st Ave W
The listing price of 500 1st Ave W property is $270,000.
The property 500 1st Ave W is a house located in Newton, Iowa, 50208.
Active Listing: 500 1st Ave W is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 500 1st Ave W are: Woodrow Wilson Elementary School (GreatSchools Rating 7/10), Emerson Hough Elementary School (GreatSchools Rating 2/10), Thomas Jefferson Elementary School (GreatSchools Rating 4/10), Berg Middle School (GreatSchools Rating 3/10), Pcm Middle School (GreatSchools Rating 6/10), Lynnville-Sully Middle School (GreatSchools Rating 9/10), West Academy Alternative School (GreatSchools Rating 2/10), Newton High School (GreatSchools Rating 4/10), Colfax-Mingo High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $1,630 (source: MLS/based on county public records data).
The last sale was on November 7, 2023 for $200,000 (source: MLS/tax record).
The property at 500 1st Ave W has 4 bedrooms and 4 bathrooms.
The property 500 1st Ave W is 2,480 SqFt (source: MLS/tax record).
The year of construction for 500 1st Ave W is 1903.
This home is located at 500 1st Ave W in Newton, IA and zip code 50208. This 2,480 square foot home, which was built in 1903, sits on a 0.26 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 7, 2025 and is currently priced at $270,000.
In April 2025, from all listings sold in Newton, IA there were more than 2 sold above asking price, over 14 sold below and more than 6 were sold right at the asked price. The number of listings in Newton, IA increased by 8.7% between March and April 2025. The median list price of listings available in April 2025 was $184,983, while the average time on the real estate market was 86 days.
From Rocket Homes Real Estate and based on county public records data.