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    107 N Park Ave New Sharon, IA 50207

    For Sale
    $295,000

    MULTI_FAMILY - New Sharon, IA

    Type:Apartment
    Property size:
    3,632 SF
    Lot size:
    0.33 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 107 N Park Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    R
    Rooms
    Bedroom 6, Bathroom 4, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 4, Bathroom 1, Bedroom 2
    Bedrooms
    8
    Bathrooms
    4
    APN
    0213427013
    Parking features
    Garage
    Appliances
    Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
    Size
    3,632 SF
    Lot size
    0.33 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1976
    Flooring type
    Carpet
    Building materials
    Brick, VinylSiding
    Roof type
    Asphalt, Shingle

    RE/MAX Precision (515) 223-9492 [email protected]

    Listing agent Steve Widmer (515) 205-1266

    Listing date Nov 26, 2025

    MLS# 731033 Listing URL

    Copyright © 2025 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Four-Plex in New Sharon

    This updated four-plex is located in New Sharon, Iowa. The property features four units, each containing two bedrooms and one bathroom. Each unit includes modern kitchens and refreshed bathrooms, with solid-surface countertops. The property offers a total of 3,632 square feet of space and sits on a 0.33-acre lot. When fully occupied, the property generates a gross monthly rent of $3,200. This multifamily asset is a potential investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Wholesale Shop Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Sharon
    County
    Mahaska
    State
    Iowa
    Longitude
    -92.644763
    Latitude
    41.47079

    Nearby Similar for Sale

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    • $230,000
      480 SF

      Established Restaurant Business For Sale

      Seasonal quick-service restaurant in New Sharon, IA, established in 1950.
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    FAQs

    What type of property is this?
    Quadplex - Updated four-unit multifamily property in New Sharon, Iowa.
    Where is this quadplex located?
    The property is located at 107 N Park Ave New Sharon, IA.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Immediate cash flow: Generates $3,200 gross monthly rent when fully occupied.; - Updated units: Features modern kitchens and refreshed baths with solid-surface countertops.; - Low-maintenance: Updates throughout the property minimize ongoing maintenance.
    (515) 205-1266
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    New Sharon, IA 50207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    107 N Park Ave New Sharon, IA 50207
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