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For sale
    • Price cut: $5K (5/13)
    $154,000

    412 S 2nd Ave E, Newton, IA 50208

    4beds
    1,908sqft
    : 
    $1,198/mo
    Get pre-qualified
    Multi Family
    Built in 1930
    -- sqft lot
    $-- Zestimate®
    $81/sqft
    $-- HOA

    What's special

    Separate private entrancesFour total bedroomsNewer lennox furnaceRear alley accessNew black appliances
    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.
    101 days
    |
    431
    |
    40
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jake Jenkins 641-791-2800,

    RE/MAX Concepts,

    Jo Jenkins 641-521-0302,

    RE/MAX Concepts

    Source: DMMLS,MLS#: 738691MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 2
      • 3/4 bathrooms: 2
      Heating
      • Forced Air, Gas, Natural Gas
      Cooling
      • None
      Features
      • Basement: Partial
      Interior area
      • Total structure area: 1,908
      • Total interior livable area: 1,908 sqft

      Property

      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 8,712 Square Feet
      • Dimensions: 66 x 132
      Details
      • Parcel number: 0834179005
      • Zoning: R-3

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Two Story
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      • Foundation: Block, Brick/Mortar
      • Roof: Asphalt,Shingle
      Condition
      • Year built: 1930

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available, Natural Gas Available, Water Available

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Newton

      Financial & listing details

      • Price per square foot: $81/sqft
      • Tax assessed value: $72,610
      • Annual tax amount: $1,409
      • Date on market: 4/17/2026
      • Cumulative days on market: 102 days
      • Listing terms: Cash,Conventional
      • Tenant pays: Electricity, Gas, Water
      • Electric utility on property: Yes
      • Road surface type: Concrete

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,275/mo

        Price history

        DateEventPrice
        5/13/2026Price change$154,000-3.1%$81/sqft
        Source: NoCoast MLS as distributed by MLS GRID #6337342 Report a problem
        4/13/2026Price change$159,000-5.9%$83/sqft
        Source: DMMLS #733137 Report a problem
        3/24/2026Price change$169,000-2.9%$89/sqft
        Source: DMMLS #733137 Report a problem
        2/2/2026Price change$174,000-2.8%$91/sqft
        Source: DMMLS #733137 Report a problem
        1/20/2026Listed for sale$179,000-2.7%$94/sqft
        Source: DMMLS #733137 Report a problem
        1/17/2026Listing removed$184,000$96/sqft
        Source: DMMLS #713189 Report a problem
        9/24/2025Price change$184,000-5.2%$96/sqft
        Source: DMMLS #713189 Report a problem
        5/23/2025Price change$194,000-2%$102/sqft
        Source: DMMLS #713189 Report a problem
        3/10/2025Listed for sale$198,000$104/sqft
        Source: DMMLS #713189 Report a problem
        3/8/2025Listing removed$198,000$104/sqft
        Source: DMMLS #709805 Report a problem
        1/14/2025Listed for sale$198,000$104/sqft
        Source: DMMLS #709805 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,410 +0.6%$72,610 -2.4%
        2024$1,402 -2.4%$74,410
        2023$1,436 +5.7%$74,410 +15.1%
        2022$1,358 +57.2%$64,630 +5.9%
        2021$864 +1.5%$61,010 +65.5%
        2020$851 -4.4%$36,870
        2019$890 -22.8%$36,870 +0%
        2018$1,153 +2.4%$36,860 -22.7%
        2017$1,126 +0.2%$47,690
        2016$1,124 $47,690
        2015$1,124 +10.2%$47,690
        2014$1,020 $47,690
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 50208

        Getting around

        78 / 100
        Very Walkable
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Newton

        Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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