Newton, IA Apartment buildings for sale

Updated: Mar 25

Newton Iowa Apartment Portfolio

115 South 5th Avenue West, Newton, IA 50208

$670,000

8,424 sqft 0.51 AC lot

Part of a larger 22‑unit portfolio in Newton, Iowa.
Attractive 8.01% Cap Rate.
New roof installed in 2023.
12 Units total.
Mix of 1BR/1BA and 2BR/1BA units.

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This listing looks promising.

Here's a quick look at some key insights for

115 South 5th Avenue West, Newton, IA, 50208

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Est. Cap Rate

7.6%
Above avg (5.9%)
Est. NOI

$51K
Annual
Price @ 7% Cap

$725K
Above asking
Property Type

Single Family Residence
Built 1920

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Updated: May 16

Courtyard Apartments Multifamily

1453 North 11th Avenue East, Newton, IA 50208

$2,595,000

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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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Newton, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

24-Unit Apartment Building with Balconies

1718 & 1804 Dolores Street, Knoxville, IA 50138

$1,550,000

9,751 sqft 0.68 AC lot

24-unit apartment building with all 2-bedroom layouts, private balconies, zoning Comm, and public water and sewer service.

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8-Unit Apartment Building

3274 E. EUCLID AVE., Des Moines, IA 50317

Contact for pricing

5,568 sqft

Updated interiors and individual exterior entrances serve all eight units.

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Turnkey Restaurant with Rental Apartments

3906 E Main St, Knoxville, IA 50138

Contact for pricing

4,224 sqft

Turnkey restaurant plus owner living quarters above and six occupied rental apartments, offered with an included furnished condo.

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Renovated 108-Unit Apartment Portfolio

3909 Hubbell Avenue, Des Moines, IA 50317

Contact for pricing

89,440 sqft

108-unit multifamily portfolio with 64% renovated two-bedroom units and approximately 96% current occupancy.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Buildable Land Parcel

801 NW 36th Avenue, Norman, OK 73072

$250,000

0.74 AC lot

Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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Buildable Lot for Luxury Condos

801 36th Ave NW, Norman, OK 73072

$285,000

0.74 AC lot

0.74 acre buildable lot zoned for low-density apartments.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$650,000

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Newton, IA Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Newton, IA on our real estate platform. These investment opportunities span a total of 39,493 square feet of properties for sale, with an estimated market value of $3,265,000.

Sale prices for two-family homes in Newton, IA start at $670,000, averaging $1,632,500, and reaching up to $2,595,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
50208	$1.6M

Neighborhood

Average Price

50208

$1.6M

Newton, IA Apartment Buildings for Sale

115 South 5th Avenue West, Newton, IA 50208

1453 North 11th Avenue East, Newton, IA 50208