Triplex with Flexible Commercial
New
For Sale
$294,900
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$48.11
Days on Market2
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:
Iowa Realty Mills Crossing
(515) 453-6134
Listed By:
Home Sweet Des Moines
(515) 783-9815
Source:
Homesweetdesmoines
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 2 at 2:19PM
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 Iowa Realty Mills Crossing
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
Property Profile
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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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 $294,900.
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
