820 1st Avenue E, Newton, IA 50208
MULTI_FAMILY - Other - Newton, IA
- Added:
- Apr 23, 2026
- Days on Market:
- 53
- Last Refresh:
- Jun 14 at 8:06 pm
Property Features for 820 1st Avenue E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RL350
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 2, Basement, Bedroom 4, Bedroom 3, Bathroom 2
- Parking features
- Garage
- Appliances
- Dryer, Dishwasher, Microwave, Refrigerator, Stove, Washer
- Standard status
- Active
- APN
- 0834231015
- Size
- 1,624 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- EAST ADD E 53' OF W 159' LOT H SD LOT 7
- Tax Annual Amount
- 1196
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1905
- Flooring type
- Tile
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Crystal Arguello (515) 494-9388
Listing office Realty ONE Group Impact 140 S 68th St., Ste. 1105, West Des Moines, IA (515) 446-7524
Listing date Apr 23, 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 1905 with 2 bedrooms and 1 bathroom per unit
- Major updates include new paint and tile flooring, updated electrical, two new furnaces, and a new A/C unit
- Roof is newer asphalt/shingle
- Each unit has its own utility meters; basement laundry and storage shared by both units
- Appliances included in both units: stove, refrigerator, microwave, dishwasher, washer, and dryer
- Parking/storage: two separate detached 2‑car garages
Overview
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 | $16.6k | $10.20 |
| − Vacancy | −$1.4k | −$0.84 |
| EGI | $15.2k | $9.36 |
| − OpEx | −$4.6k | −$2.81 |
| NOI | $10.6k | $6.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Jasper
- State
- Iowa
- Longitude
- -93.042565
- Latitude
- 41.699548
