Duplex with Storage
For Sale
$170,900
118 W 11th Street N, Newton, IA 50208
Both residences include appliances, two bedrooms, one bathroom, and individual storage sheds.
Property Size1,568 SF
Price / SF$108.99
Days on Market145
Property Features for 118 W 11th Street N
General Information
Standard status
Active
Size
1,568 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Building Details
Year Built
2001
Buildings
2
Listing Agency:
Realty ONE Group Impact
(515) 446-7524
Listed By:
Corrie Davis
(515) 314-9843
Source:
Prometrorealty
Added: Jun 12
Changed: Nov 1
Last Checked: Nov 3 at 8:38AM
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 Realty ONE Group Impact
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2001, this 1,568-square-foot duplex contains two units, each with two bedrooms, one bathroom, appliances, and a separate storage shed. Both units are occupied, and the tenants are open to remaining.
The duplex is being offered together with a single-family home next door, making the sale a package of three rental properties.
The duplex is being offered together with a single-family home next door, making the sale a package of three rental properties.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,568 square feet; built in 2001
- Appliances and a separate storage shed in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,271
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,420
$205.4K
Cap Rate 7%
$146,729
$146.7K
Cap Rate 9%
$114,122
$114.1K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$16.0K $10.20/SF
− Vacancy
−$1.3K −$0.84/SF
EGI
$14.7K $9.36/SF
− OpEx
−$4.4K −$2.81/SF
NOI
$10.3K $6.55/SF
Area
Jasper County, IA
Vacancy
8.26%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,420
Cap Rate 7%
$146,729
Cap Rate 9%
$114,122
Alternative Uses
Best Use
Multifamily LT 5
$146.7K
$128.4K – $171.2K
NOI $10,271 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$135.0K
$118.1K – $157.5K
NOI $9,448 @ 7.0% cap · market cap 5.53%
Theoretical Best
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,658 @ 7.0% cap · market cap 61.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 50208, IA
20,918
Population
8,919
Households
2.3
Avg Household Size
42
Median Age
17%
College-Educated
91%
High-School Grad
158.5 sq mi
ZIP Area
132
Density / Sq Mi
$61,064
Median Household Income
$37,490
Median Earnings
$830
Median Rent
$161,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include appliances, two bedrooms, one bathroom, and individual storage sheds.
Where is this duplex located?
The property is located at 118 W 11th Street N Newton, IA.
What is the asking price?
The asking price for this property is $170,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,568 square feet; built in 2001; Appliances and a separate storage shed in each unit
