Multifamily Property for Sale in Newton, IA

  • Price: $350K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Newton, IA 50208

Description

New Listing | Multifamily | 6 Units | Newton, IA Lincoln Apartments can be acquired as part of a larger 22-unit portfolio all located in Newton, Iowa. Address: 520 S 5th Ave E, Newton, IA List Price: $350,000 Cap Rate: 8.02% Year Built: 1979 Number of Units: 6 Unit Mix: 1-1BR/1BA; 5-2BR/1BA Total Building SF: 4,426 Parcel Size: 0.31 acres Recent capital improvements include a new roof in 2023 and resurfaced driveway in 2024 Construction: Wood frame Foundation: Concrete Exterior Materials: Brick Windows: Metal Roof: Asphalt shingled Laundry: Common area (1 set) Heating: Electric baseboard Cooling: Sleeve A/C Water Heater: Individual Residents pay for electricity directly, 100% of water and sewer invoices are billed back based on number of units and occupants, and trash and pest are billed back at a flat fee

Market Context

This multifamily in Newton, IA is listed for sale at $350,000. 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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