118 W 11th Street N, Newton, IA 50208
MULTI_FAMILY - Other - Newton, IA
- Added:
- Jun 12, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 14 at 6:06 pm
Property Features for 118 W 11th Street N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2
- Appliances
- Dryer, Refrigerator, Stove, Washer
- Standard status
- Active
- APN
- 0833207001
- Size
- 1,568 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Description
- EXLINE'S ADD LOT 3 & N 9' 3" OF LOT 4 BLK 4
- Tax Annual Amount
- 3097
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 2001
- Building materials
- WoodSiding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Corrie Davis (515) 314-9843
Listing office Realty ONE Group Impact 617 SW 3rd Street Unit 101, West Des Moines, IA (515) 446-7524
Listing date Jun 12, 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
- Duplex built in 2001 with wood siding and asphalt shingle roof
- Each unit has 2 bedrooms and 1 bathroom
- Units include appliances: refrigerator, stove, washer, and dryer
- Each unit has its own storage shed
- Heating: natural gas forced air; cooling: window unit(s)
- Water and sewer services are public (public water and public sewer)
Overview
The duplex is being sold additionally to the single-family home next door, creating a combined package of rented properties. According to the available information, all three properties in the package are occupied by tenants who would like to remain. The combined configuration may appeal to buyers seeking to add existing, income-producing residential units in one transaction.
For investors or owners looking to grow a rental portfolio, the key advantage here is operational continuity: the duplex units are already rented, and the tenant base is described as willing to stay. The consistent unit layout across the duplex can also simplify leasing and maintenance considerations. With appliances and dedicated storage sheds already included, the property presents a more turn-key setup for prospective operators, while the bundled sale with the adjacent single-family home broadens the residential income mix.
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 | $16.0k | $10.20 |
| − Vacancy | −$1.3k | −$0.84 |
| EGI | $14.7k | $9.36 |
| − OpEx | −$4.4k | −$2.81 |
| NOI | $10.3k | $6.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Jasper
- State
- Iowa
- Longitude
- -93.065839
- Latitude
- 41.700139
