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Listed by Dedee Lehman All In Real Estate Inc
$ 294,900
Est. payment /mo
Active
1422 1St AVE Newton, IA 50208
3,649 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,649 sqft
Price per Sqft $80
MLS Listing ID NOC6342231
Maintenance Fees $150
Year Built 1904
Annual Tax Amount $5,932
Tax Year 2026
Lot Size 0.710 Acres
Acres 0.71
Lot Dimensions 198 X 157
Property Sub-Type Triplex
Property 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.
Location
State IA
County Jasper
Area 3649
Direction Interstate 80, Newton Ext, north on Hwy 14/Hwy6 East (1st Ave E).
Rooms
Basement Full, Partially Finished
Interior
Heating Forced Air
Fireplace No
Exterior
View Y/N true
Accessibility None
Building
Story 2
Sewer City Sewer/Connected
Water Public
Structure Type Wood Siding,Vinyl Siding
Schools
School District 4725 - Newton
Others
Energy Description Natural Gas
Acceptable Financing NOC6342231
Listing Terms NOC6342231