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Multi family For Sale

742 17th Avenue, Newton, Iowa 50208

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Property Description

Discover a fantastic investment opportunity in Newton with this solid income-producing duplex located at 742 S 17th Ave W. This well-maintained property features two spacious 3-bedroom, 1-bath units—each with its own attached 2-car garage, a rare amenity for a multifamily home in the area. Both units are currently tenant-occupied by long-term residents, each paying $850 per month on month-to-month leases, providing immediate cash flow and flexibility for future plans.

Whether you’re an investor looking to add value through cosmetic updates and increase rents, or a buyer wanting to live in one unit while renting out the other, this property offers great potential. For those considering owner-occupancy, this duplex qualifies for FHA, VA, and USDA financing options—provided the buyer resides in one of the units, making it an excellent choice for house hacking or first-time homeownership with income support.

With a total current rental income of $1,700 per month and room to grow, this property offers a strong foundation for building wealth through real estate in a stable and growing community. Don’t miss your chance to own a duplex with great layout, solid structure, and built-in upside.

Basic Details
Property Type : Multi family
Listing Type : For Sale
Price : $239,900
Status : Pending
Days On Market : 18
Year Built : 1997
Square Footage : 2,352 Sqft
Lot Area : 0.31 Acre
Bedrooms : 6
Bathrooms : 2
Baths Total : 2
Features
Heating System
Cooling System
Parking
Furnished : Unfurnished
Laundry YN : Main Level
Water/Sewer
Construction
Roof Deck : Asphalt, Shingle
Foundation : Block, Slab
Style : Ranch
Zoning : Res
Flooring : Carpet, Vinyl
Other
LotSizeArea : 0.31 Sqft
MLSAreaMajor : Newton
LotSizeSquareFeet : 7,656 Sqft
TaxAnnualAmount : $4,502
LotFeatures : Rectangular Lot
BuildingAreaTotal : 2,352 Sqft
Insurance Fee : $0
Taxes : $0
Listing Office Info
Listing ID : 717065
List Office MLSID : KWLGP
List Office Name : Keller Williams Legacy Group
List Agent Email : ryan@dsmsold.com
List Agent Full Name : Ryan Rohlf
List Agent MLSID : 40038
Co List Agent Full Name : Jon Curry
List Agent Cell Phone : (515) 442-0625
Location
Street Number : 742
Street Suffix : Avenue
Street : 17th
Country : US
State : IA
County : Jasper
City : Newton
Zipcode : 50208
Longitude : W94° 56' 12.6''
Latitude : N41° 41' 5.8''
Parcel Number : 1304205006
StreetDirPrefix : S
From I-80, take Exit 164 toward Newton and head north on Highway 14 for about 2.5 miles. Turn left onto S 8th Ave W, then left again onto S 17th Ave W. The home is located on the left at 742 S 17th Ave W.
Multi family For Sale
  • Listing ID : 717065
  • Bedrooms : 6
  • Bathrooms : 2
  • Square Footage : 2,352 Sqft
  • Visits
$239,900
Agent info
Matt Karjalahti
RE/MAX Partners Realty
932 Main St., Grinnell, IA 50012
Contact Agent

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