115 South 5th Avenue West Newton, IA 50208
12-unit apartment building with recent roof improvements in Newton, Iowa.
- Added:
- Mar 25, 2026
- Days on Market:
- 109
- Last Refresh:
- Jul 4 at 12:54 am
Property Features for 115 South 5th Avenue West
General Information
- Standard status
- Active
- Size
- 8,424 SF
- Lot size
- 0.51 Acres
- Property subtype
- Multifamily
Listing office (515) 415-6111
Listing date Mar 25, 2026
Source Cbre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Ray Hamilton
Investment Insights
Based on property information with market context.
Key Highlights
- Part of a larger 22‑unit portfolio in Newton, Iowa.
- Attractive 8.01% Cap Rate.
- New roof installed in 2023.
Local Financial Insights For Apartment 5plus
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 | $101.1k | $12.00 |
| − Vacancy | −$8.8k | −$1.04 |
| EGI | $92.3k | $10.96 |
| − OpEx | −$41.5k | −$4.93 |
| NOI | $50.8k | $6.03 |
