Triplex with Flexible Commercial
For Sale
$289,000
1422 1st Ave E, Newton, IA 50208
Three individually accessed units combine residential layouts with adaptable storefront or office use and separately metered utilities.
Property Size6,130 SF
Price / SF$47.15
Days on Market49
Property Features for 1422 1st Ave E
General Information
Standard status
Active
Size
6,130 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1904
Buildings
1
Tenancy
Multi
Listing Agency:
Peoples Company
(515) 423-9235
Listed By:
Home Sweet Des Moines
(515) 783-9815
Source:
Homesweetdesmoines
Added: Sep 2
Changed: Oct 19
Last Checked: Oct 19 at 6:45AM
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 Peoples Company
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Investment Insights
Based on property information with market context.
This 6,130-square-foot triplex, built in 1904, includes two residential units and a flexible third space. The first residence has four bedrooms, one full bath, one 3/4 ensuite bath, and a half bath. The second offers two bedrooms and one bathroom with abundant natural light. Each unit has a private entrance, and separate gas and electric meters serve the property.
Unit 3 is configured for storefront or office use and may also be adapted for residential occupancy with the addition of a shower and kitchen. Front parking provides space for multiple vehicles, while a backyard adds outdoor area. The property is located at 1422 1st Ave E in Newton, within an arterial commercial district near local retail, dining, and essential services.
Unit 3 is configured for storefront or office use and may also be adapted for residential occupancy with the addition of a shower and kitchen. Front parking provides space for multiple vehicles, while a backyard adds outdoor area. The property is located at 1422 1st Ave E in Newton, within an arterial commercial district near local retail, dining, and essential services.
Key Highlights
- 6,130 SF triplex built in 1904
- Two residential units plus a flexible commercial or residential third unit
- Unit 1 includes 4 bedrooms, 1 full bath, 1 3/4 ensuite bath, and 1 half bath
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
301
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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three individually accessed units combine residential layouts with adaptable storefront or office use and separately metered utilities.
Where is this triplex located?
The property is located at 1422 1st Ave E Newton, IA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 6,130 SF triplex built in 1904; Two residential units plus a flexible commercial or residential third unit; Unit 1 includes 4 bedrooms, 1 full bath, 1 3/4 ensuite bath, and 1 half bath
