412 S 2nd Avenue E, Newton, IA 50208
MULTI_FAMILY - Other - Newton, IA
- Added:
- Apr 17, 2026
- Days on Market:
- 78
- Last Refresh:
- Jul 3 at 6:06 pm
Property Features for 412 S 2nd Avenue E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 4, Basement, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4
- Standard status
- Active
- APN
- 0834179005
- Size
- 1,908 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- ORIGINAL PLAT E 1/2 LOT 2 & W 1/2 LOT 3 OUTLOT 23
- Tax Annual Amount
- 1409
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- VinylSiding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Jake Jenkins License #S69857000 (515) 276-2872
Listing office RE/MAX Concepts 120 N 2nd Ave. W, IA (641) 791-2800
Listing date Apr 17, 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
- Two‑story duplex at 412 S 2nd Ave E in Newton offers flexible use as either a single‑family home or an up‑and‑down duplex.
- 1,908 SF layout with 4 bedrooms total; can be configured as one home or kept as two units with private entrances.
- Recent exterior updates: new roof installed in 2023 and new vinyl siding completed in 2024.
- Upper unit is fully remodeled with new vinyl plank flooring and black appliance package.
- Separate gas and water meters plus rear alley access for the duplex setup.
- Heating includes forced‑air natural gas; newer Lennox furnace and laundry hookups on both floors.
Overview
The property is located at 412 S 2nd Avenue E in Newton, Iowa. Access is supported by rear alley access, and the home is positioned for convenience near downtown.
For tenants or owner-occupants, the combination of separate entrances and utility meters can help simplify day-to-day operations while preserving privacy between levels. The remodeled upper unit and maintained mechanical and exterior components provide a practical foundation for an owner who wants to live in one portion while renting the other, or for an investor seeking a duplex setup with clear separation.
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 | $19.5k | $10.20 |
| − Vacancy | −$1.6k | −$0.84 |
| EGI | $17.9k | $9.36 |
| − OpEx | −$5.4k | −$2.81 |
| NOI | $12.5k | $6.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Jasper
- State
- Iowa
- Longitude
- -93.049156
- Latitude
- 41.698875
