Multifamily Property for Sale in Newton, IA

  • Price: $700K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Newton, IA 50208

Description

New Listing | Multifamily | 12 Units | Newton, IA Community Terrace Apartments can be acquired as part of a larger 22-unit portfolio all located in Newton, Iowa. Address: 115 South 5th Avenue West, Newton, IA List Price: $700,000 Cap Rate: 8.01% Year Built: 1977 Number of Units: 12 Unit Mix: 5-1BR/1BA; 7-2BR/1BA Total Building SF: 8,424 Parcel Size: 0.51 acres Recent capital improvements include a new roof in 2023

Market Context

This multifamily in Newton, IA is listed for sale at $700,000. It has been on the market for 163 days. Compare it against other multifamily listings for sale in Newton, IA — <a href="/search/sale/multifamily/iowa/newton">view the full market</a>.

As of Q1 2026, the Boston multifamily market showed average asking rents near $1217.00/unit/mo. Source: Consensus Q1 2026 market report.

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