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15-Unit Condominium Portfolio in Newton, IA 104 1st Ave E 15 Unit Apartment Building For Sale Newton, IA 50208
Investment Highlights
- 15 deeded condominium units selling as a complete portfolio
- Multifamily Redevelopment Project
- Strong small-market rental demand
Executive Summary
Online Only Auction
15-Unit Condominium Portfolio in Newton, IA
Bidding Ends: Thursday, April 30 • 6 PM
Investment Opportunity • Multifamily Redevelopment Project
Property Address: 104 1st Ave E Units 1-15 Newton, IA 50208
Preview Dates: April 11 & 25 • 10 AM – 12 PM (10:00am – 12:00pm)
Downtown Newton, Iowa Investment Opportunity
This offering includes 15 deeded condominium units selling as a complete portfolio. A rare opportunity to acquire and complete a nearly finished multifamily redevelopment project. Ideal for investors seeking:
• Multi-family portfolio opportunity
• Desirable location, near completion
• Strong small-market rental demand
Property Highlights
• 15-Unit Mix:
o 11 – 1 Bedroom
o 4 – Efficiency Units
• 10 Units Nearly Complete
o Renovated with quality Amish craftsmanship
• 5 Units Ready for Completion
o Taken down to the studs
• Total Building Area: 7,693 ± Sq. Ft.
• Common Areas Updated
• Taxes: $7,552 (2025)
• HOA Association Dues: $12,250
Building Features
• City water & sewer
• Electric forced air heat
• Central air conditioning
• Concrete streets, sidewalks, and walkable downtown location
• Elevator service
• New Roof replaced (2025)
Bid to Grow Your Real Estate Portfolio
Register & Bid: BidHeritage.HiBid.com
515-571-4363
Make Agency Iowa
Scot Bergman, Associate Broker
Marketing Provided by UC| Heritage Brokers & Auctioneers
Visit Website for Full Auction Terms. Franchise office is independently owned and operated.
15-Unit Condominium Portfolio in Newton, IA
Bidding Ends: Thursday, April 30 • 6 PM
Investment Opportunity • Multifamily Redevelopment Project
Property Address: 104 1st Ave E Units 1-15 Newton, IA 50208
Preview Dates: April 11 & 25 • 10 AM – 12 PM (10:00am – 12:00pm)
Downtown Newton, Iowa Investment Opportunity
This offering includes 15 deeded condominium units selling as a complete portfolio. A rare opportunity to acquire and complete a nearly finished multifamily redevelopment project. Ideal for investors seeking:
• Multi-family portfolio opportunity
• Desirable location, near completion
• Strong small-market rental demand
Property Highlights
• 15-Unit Mix:
o 11 – 1 Bedroom
o 4 – Efficiency Units
• 10 Units Nearly Complete
o Renovated with quality Amish craftsmanship
• 5 Units Ready for Completion
o Taken down to the studs
• Total Building Area: 7,693 ± Sq. Ft.
• Common Areas Updated
• Taxes: $7,552 (2025)
• HOA Association Dues: $12,250
Building Features
• City water & sewer
• Electric forced air heat
• Central air conditioning
• Concrete streets, sidewalks, and walkable downtown location
• Elevator service
• New Roof replaced (2025)
Bid to Grow Your Real Estate Portfolio
Register & Bid: BidHeritage.HiBid.com
515-571-4363
Make Agency Iowa
Scot Bergman, Associate Broker
Marketing Provided by UC| Heritage Brokers & Auctioneers
Visit Website for Full Auction Terms. Franchise office is independently owned and operated.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 15 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 11,345 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1918 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 11,345 SF |
| No. Stories | 1 |
| Year Built | 1918 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| Studios | 4 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $435,384 CAD | |
| Land Assessment | $21,053 CAD | Total Assessment | $456,437 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$21,053 CAD
Improvements Assessment
$435,384 CAD
Total Assessment
$456,437 CAD
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15-Unit Condominium Portfolio in Newton, IA | 104 1st Ave E
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