38-Unit Apartment
For Sale
Contact for pricing
320 West 3rd Street North, Newton, IA 50208
Modern multifamily community near Newton’s Downtown District and Iowa Speedway.
Property Size31,836 SF
Days on Market123
Property Features for 320 West 3rd Street North
General Information
Standard status
Active
Size
31,836 SF
Class
A
Total Parking Spaces
62
Property subtype
Multifamily
Occupancy
97%
Investment Type
Stabilized
Net Operating Income
$428,929
Additional Details
Multifamily Units
38
Building Details
Year Built
2019
Buildings
1
Stories
3
Units
38
Tenancy
Multi
Listing Agency:
MMGREAIA LLC
Listed By:
Shana Patrick · License #F6639000
Source:
Crexi
Added: May 1
Changed: Aug 30
Last Checked: Aug 30 at 2:32AM
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 MMGREAIA LLC
Investment Insights
Based on property information with market context.
This multifamily property contains 38 units within a 31,836-square-foot apartment community constructed in 2019. The newer building features modern construction and high-quality finishes, supporting a contemporary residential offering with relatively recent improvements.
Located at 320 West 3rd Street North in Newton, Iowa, the property is part of the Des Moines MSA and sits near the Iowa Speedway and Newton’s Downtown District. Its setting provides access to local employers, daily services, and entertainment within the surrounding Newton market.
Located at 320 West 3rd Street North in Newton, Iowa, the property is part of the Des Moines MSA and sits near the Iowa Speedway and Newton’s Downtown District. Its setting provides access to local employers, daily services, and entertainment within the surrounding Newton market.
Key Highlights
- 38‑unit apartment community
- 31,836‑square‑foot multifamily property
- Constructed in 2019
Property Analytics
Current Use
Lease Details
38
Residential units
Location Intelligence
Trade Area within ½ mile
61
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 Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Modern multifamily community near Newton’s Downtown District and Iowa Speedway.
Where is this apartment building located?
The property is located at 320 West 3rd Street North Newton, IA.
What are key features of this property?
This property features: 38‑unit apartment community; 31,836‑square‑foot multifamily property; Constructed in 2019
