412 S 2nd Avenue E, Newton, IA 50208
MULTI_FAMILY - Other - Newton, IA
- Added:
- Apr 17, 2026
- Days on Market:
- 60
- Last Refresh:
- Jun 15 at 7:06 am
Property Features for 412 S 2nd Avenue E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Basement, Bedroom 3, Bathroom 3
- Standard status
- Active
- APN
- 0834179005
- Size
- 1,908 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- ORIGINAL PLAT E 1/2 LOT 2 & W 1/2 LOT 3 OUTLOT 23
- Tax Annual Amount
- 1409
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- VinylSiding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Jake Jenkins License #S69857000 (515) 276-2872
Listing office RE/MAX Concepts 120 N 2nd Ave. W, IA (641) 791-2800
Listing date Apr 17, 2026
Copyright © 2026 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.
HighLights
- Flexible layout: Function as a single‑family home or a duplex with separate entrances.
- Recent exterior updates: New roof (2023) and siding (2024) enhance curb appeal.
- Remodeled upper level: Features modern finishes, an updated kitchen with new black appliances included, and original wood flooring.
- Separate gas and water meters: Provides added flexibility.
- Laundry hookups on both levels: Adds convenience.
- Newer windows throughout: Improves energy efficiency (with one exception).
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.5k | $10.20 |
| − Vacancy | −$1.6k | −$0.84 |
| EGI | $17.9k | $9.36 |
| − OpEx | −$5.4k | −$2.81 |
| NOI | $12.5k | $6.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Jasper
- State
- Iowa
- Longitude
- -93.049156
- Latitude
- 41.698875
