1422 1st Avenue E, Newton, IA 50208
Local realty services provided by:CENTURY 21 BW Preferred, Inc.
1422 1st Avenue E,Newton, IA 50208
$294,900
- - Beds
- - Baths
- 3,649 sq. ft.
- Multi-family
- Active
Listed by: dedee lehman
Office: all in real estate inc
MLS#:6342231
Source:IA_HIMLS
Price summary
- Price:$294,900
- Price per sq. ft.:$80.82
About this home
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....
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Home facts
- Year built:1904
- Listing ID #:6342231
- Added:8 day(s) ago
- Updated:September 10, 2026 at 03:03 PM
Rooms and interior
- Basement:Yes
- Living area:3,649 sq. ft.
Structure and exterior
- Year built:1904
- Building area:3,649 sq. ft.
- Lot area:0.71 Acres
Finances and disclosures
- Price:$294,900
- Price per sq. ft.:$80.82
- Tax amount:$5,932 (2026)
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