Duplex with Private Storage
For Sale
$170,900
118 W 11th Street N, Newton, IA 50208
Residential, Duplex, Residential, Newton, IA
Property Size1,568 SF
Lot Size0.20 Acres
Price / SF$108.99
Days on Market141
Property Features for 118 W 11th Street N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Appliances
Dryer, Refrigerator, Stove, Washer
Elementary school district
Newton
Middle school district
Newton
High school district
Newton
Directions
First Ave W E to W 11th St N. Turn left and property is on the right.
Subdivision
Newton
Standard status
Active
APN
0833207001
Size
1,568 SF
Lot size
0.20 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
EXLINE'S ADD LOT 3 & N 9' 3" OF LOT 4 BLK 4
Tax Annual Amount
3097
Legal Description
EXLINE'S ADD LOT 3 & N 9' 3" OF LOT 4 BLK 4
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Amenities
appliances
storage shed
Building Details
Year built
2001
Building materials
WoodSiding
Roof type
Asphalt, Shingle
Architectural style
Other
Buildings
2
Listing Agency:
Realty ONE Group Impact
(515) 446-7524
Listed By:
Corrie Davis
(515) 314-9843
Added: Jun 12
Changed: Oct 28
Last Checked: Oct 30 at 4:06PM
MLS# 742845
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.
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Investment Insights
Based on property information with market context.
This duplex contains 1,568 square feet across two residences, with each unit offering 2 bedrooms, 1 bathroom, a full appliance package, and a separate storage shed. Included appliances are refrigerators, stoves, washers, and dryers. The 2001 property has wood siding, asphalt shingles, forced-air natural gas heating, and window-unit cooling.
The 0.2015-acre property is located at 118 W 11th Street N in Newton, Iowa, within Jasper County. It is served by public water and public sewer and carries R zoning. The duplex is also offered alongside the single-family home next door, with all three properties described as rented.
The 0.2015-acre property is located at 118 W 11th Street N in Newton, Iowa, within Jasper County. It is served by public water and public sewer and carries R zoning. The duplex is also offered alongside the single-family home next door, with all three properties described as rented.
Key Highlights
- Two‑unit duplex with 1,568 square feet
- Each unit has 2 bedrooms and 1 bathroom
- Separate storage shed provided for 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each unit includes bedrooms, a bathroom, appliances, and a dedicated storage shed.
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‑unit duplex with 1,568 square feet; Each unit has 2 bedrooms and 1 bathroom; Separate storage shed provided for each unit
