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    Newton, IA
    Apartment Building

    Newton, IA Apartment Buildings for Sale

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    Kellogg, IA Reasnor, IA Baxter, IA Colfax, IA Laurel, IA Melbourne, IA Prairie City, IA Grinnell, IA
    Courtyard Apartments Multifamily
    Updated: May 16
    Courtyard Apartments Multifamily

    1453 North 11th Avenue East, Newton, IA 50208

    $2,400,000
    31,069 sqft 3.39 AC lot
    44‑unit value‑add multifamily community in Newton, IA (1453 N 11th Ave E) with 100% leased apartment & townhome‑style buildings
    Unit mix includes 24 two‑bedroom/one‑bath and 20 three‑bedroom/one‑bath units across townhome and apartment‑style layouts
    Comprised of 6 buildings with 2 & 3 stories and total building area of 31,069 SF
    Buildings constructed in 1979, 1980, and 1984
    Avg. in‑place rent is $691 with a 7.75% cap rate; list price $2,595,000 ($58,977 per unit)
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    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    1 active listing matches your search: Apartment Building for sale in Newton, IA. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    42-Unit Apartment Building with Private Entries
    42-Unit Apartment Building with Private Entries

    401 & 417 Washington Avenue, Grinnell, IA 50112

    $3,250,000
    45,200 sqft 3.26 AC lot

    Residents have outdoor access, laundry hookups, and a private patio or balcony in each apartment.

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    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    925 Broad Street, Grinnell, IA 50112

    $825,000
    0.26 AC lot

    Street-level commercial suites combine with updated apartments in a renovated brick and stone building.

    View details
    Apartment Building with Updated Units
    Apartment Building with Updated Units

    405 W Church Street, Marshalltown, IA 50158

    $175,000
    3,110 sqft 0.25 AC lot

    Five-unit residential property with recent improvements to two apartments and public water and sewer service.

    View details
    36-Unit Apartment Property
    36-Unit Apartment Property

    611 E South St, Marshalltown, IA 50158

    $2,200,000

    Three buildings include garage parking and laundry facilities on two levels in each building.

    View details

    Newton, IA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Newton, IA on our real estate platform. These investment opportunities span a total of 31,069 square feet of properties for sale, with an estimated market value of $2,400,000.

    Sale prices for apartment complexes in Newton, IA average $2,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 20K
    Population Growth (5Y) -2.0%
    Median Household Income $61,064
    College Educated 24.4%

    High-Yield Neighborhoods for Investment

    Identify Newton submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50208 $2.4M

    Taxes & Financing

    Tax Rate (average for all types) 3.02%
    Property Tax per SF $34.07 per SF
    Tax Rate vs County Average 0.22 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Jasper County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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