$5,178 Closing Credit¹
#708050, Megan Meyer, Listing Office: Iowa Realty Newton
$239,900 List price
742 S 17th Ave Newton, IA 50208
$2,849
Closing credit¹
6 beds
2 full
2,352 sqft
0.3 acres
$102 / sqft
House
Property details
About 742 S 17th Ave
Discover a fantastic investment opportunity in Newton with this solid income-producing duplex located at 742 S 17th Ave W. This well-maintained property features two spacious 3-bedroom, 1-bath units—each with its own attached 2-car garage, a rare amenity for a multifamily home in the area. Both units are currently tenant-occupied by long-term residents, each paying $850 per month on month-to-month leases, providing immediate cash flow and flexibility for future plans. Whether you’re an investor looking to add value through cosmetic updates and increase rents, or a buyer wanting to live in one unit while renting out the other, this property offers great potential. For those considering owner-occupancy, this duplex qualifies for FHA, VA, and USDA financing options—provided the buyer resides in one of the units, making it an excellent choice for house hacking or first-time homeownership with income support. With a total current rental income of $1,700 per month and room to grow, this property offers a strong foundation for building wealth through real estate in a stable and growing community. Don’t miss your chance to own a duplex with great layout, solid structure, and built-in upside.
Highlights
Home typeOther
HeatingBaseboard, Electric
StatusActive
CoolingWindow Unit(s)
Size2,352 sqft
Lot size0.31 Acres
Year built1997
ParkingAttached, Garage, Two Car Garage
MLS #717065
Attached garage2 spaces
Summary
- Full Bathrooms: 2
- Appliances: Dryer, Microwave, Refrigerator, Stove, Washer
- Flooring Type: Carpet, Vinyl
- Total Bedroom Count: 6
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Attached, Garage, Two Car Garage
- Architectural Style: Ranch
- Heating: Baseboard, Electric
- Cooling: Window Unit(s)
- List Price: $239,900
- Price/SqFt: $102
- Lot: Rectangular Lot
- Directions: From I-80, take Exit 164 toward Newton and head north on Highway 14 for about 2.5 miles. Turn left onto S 8th Ave W, then left again onto S 17th Ave W. The home is located on the left at 742 S 17th Ave W.
- Year Built: 1997
- Living Area: 2,352 SqFt
- Lot Size: 0.31 Acres
- MLS Number: 717065
- MLS Name: DMAAR
- Office Name: Keller Williams Legacy Group
- Office Phone: (319) 423-4139
- Listing Agent: Ryan Rohlf
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: 5/3/2025, 12:55:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$239,900
742 S 17th Ave
$2,849
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
7
Woodrow Wilson Elementary School
Public District KG-4
0.5 mi
•801 S 8th Ave W
4
Thomas Jefferson Elementary School
Public District PK-4
1.3 mi
•112 Thomas Jefferson Dr
2
Emerson Hough Elementary School
Public District KG-4
1.6 mi
•700 N 4th Ave E
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 $64,384. Most Newton, IA residents have annual incomes between $35k-100k. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
28%
<35k
44%
35k-100k
22%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
32%
Single, No Kids
10%
Single, with Kids
41%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
7%
12-17 yrs old
15%
18-34 yrs old
39%
35-64 yrs old
23%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Motocross
College Football
Where do the neighbors shop?
Dollar General
GameStop
Best Buy
Where do the neighbors go to eat?
Cracker Barrel
Sonic
Texas Roadhouse
What do the neighbors drive?
Ram
Jeep
Chevrolet
What do the neighbors listen to?
Classic Country- Country
Contemporary Christian
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 742 S 17th Ave
The listing price of 742 S 17th Ave property is $239,900.
The property 742 S 17th Ave is a house located in Newton, Iowa, 50208.
Active Listing: 742 S 17th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 742 S 17th Ave are: Woodrow Wilson Elementary School (GreatSchools Rating 7/10), Thomas Jefferson Elementary School (GreatSchools Rating 4/10), Emerson Hough Elementary School (GreatSchools Rating 2/10), Berg Middle School (GreatSchools Rating 3/10), Pcm Middle School (GreatSchools Rating 6/10), Lynnville-Sully Middle School (GreatSchools Rating 9/10), Newton High School (GreatSchools Rating 4/10), West Academy Alternative School (GreatSchools Rating 2/10), Colfax-Mingo High School (GreatSchools Rating 3/10).
The property at 742 S 17th Ave has 6 bedrooms and 2 bathrooms.
The property 742 S 17th Ave is 2,352 SqFt (source: MLS/tax record).
The year of construction for 742 S 17th Ave is 1997.
This home is located at 742 S 17th Ave in Newton, IA and zip code 50208. This 2,352 square foot home, which was built in 1997, sits on a 0.31 acre lot. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 1, 2025 and is currently priced at $239,900.
In April 2025 more than 2 listings in Newton, IA were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 14 were sold below. The inventory of homes for sale in Newton, IA between March and April 2025 increased by 8.7%. 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.