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Request Info$154,000
Active
412 S 2nd Avenue E Overview
- Time on Site:
- 73 days
- Visits:
- 42
Located at 412 S 2nd Ave E in Newton, this two-story duplex offers investors a strong 10.6% cap rate along with excellent versatility. Recent exterior updates include a new roof installed in 2023 and new siding completed in 2024. The 1,908 sq ft property can be used as a single-family home with four total bedrooms or kept as an up-and-down duplex with separate private entrances. The upper unit is fully remodeled with modern finishes, new black appliances, and new vinyl plank flooring throughout. The main level offers its own kitchen, a newer Lennox furnace, and laundry hookups on both floors. With separate gas and water meters, rear alley access, and a convenient location near downtown, this property provides strong cash flow potential and multiple use options for both investors and owner-occupants.
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412 S 2nd Avenue E Facts & Features
- Type Multi-Family
- Sq. ft. 1,908
- Price/Sq.ft. $81
- Lot 0.20 Acres
Details
General
Association/HOA
- Association: false
School Information
- School District: Newton
Income/Expenses
- Gross Income: 1700.0
- Operating Expense: 267.0
Building Information
- Year Built: 1930
Location/Region
- County Or Parish: Jasper
- MLS Area Major: Newton
- Postal City: Newton
Rent/Lease Information
- Lease Considered: false
- Tenant Pays: Electricity,Gas,Water
Tax Information
- Tax Annual Amount: 1409.0
- Tax Year: 2024
General Information
- Listing Terms: Cash,Conventional
- Parcel Number: 0834179005
- Property Type: Multi Family
- Zoning: R-3
Interior
Beds/Baths
- Bathrooms Full: 2
- Bathrooms Half: 0
- Bathrooms Three Quarter: 2
- Bathrooms Total: 4
- Bedrooms Total: 4
Building Interior
- Building Area Total: 1908.0
General Information
- Foundation Details: Block,Brick/Mortar
- Levels: Two
- Living Area: 1908.0
- Stories: 2
Exterior
Lot Information
- Lot Size Acres: 0.2
- Lot Size Area: 0.2
- Lot Size Dimensions: 66X132
- Lot Size Square Feet: 8712.0
- Lot Size Units: Acres
- Road Surface Type: Concrete
- Water Source: Public
Building Exterior/Construction
- Architectural Style: Two Story
- Construction Materials: Vinyl Siding
- Roof: Asphalt,Shingle
General Information
- Number Of Units Total: 2
- Sewer: Public Sewer
- Utilities: Electricity Available,Natural Gas Available,Water Available
412 S 2nd Avenue E Neighborhood
Community
50208 (Newton) Demographics
42
Median Age
123
Population Density (per sq. mile)
27%
College Educated
$51,428
Estimated Median Income
5,613
Estimated Total Home Owners
2,332
Estimated Total Renters
71% / 29%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.412 S 2nd Avenue E Monthly Cost
412 S 2nd Avenue E Market Data
Based on the last 30 days in this zip code
$270,569
Average List Price
$176
Average Price per Square Foot
24
Properties Sold
107
Average Days on Market
176
Properties for Sale
412 S 2nd Avenue E History
| Date | Value | Agent |
|---|---|---|
| 5/13/2026Source: Des Moines Area | $154,000 -3.1% |
|
| 4/17/2026Source: Des Moines Area | April 17, 2026 |
Listing provided courtesy of RE/MAX Concepts- MLS# 738691