Lincoln Apartments 520 South 5th Avenue East
Newton, IA 50208
For Sale
4,426 sqft
Sale Price
$350,000
Brochure
Map
Multifamily For Sale - Available Immediately
New Listing | Multifamily | 6 Units | Newton, IA
New roof in 2023
Resurfaced driveway in 2024
Lincoln Apartments can be acquired as part of a larger 22-unit portfolio all located in Newton, Iowa.
Get in touch
Clark Matthews
Ray Hamilton
Cy Fox
Lincoln Apartments can be acquired as part of a larger 22-unit portfolio all located in Newton, Iowa.
Address: 520 S 5th Ave E, Newton, IA
List Price: $350,000
Cap Rate: 8.02%
Year Built: 1979
Number of Units: 6
Unit Mix: 1-1BR/1BA; 5-2BR/1BA
Total Building SF: 4,426
Parcel Size: 0.31 acres
Recent capital improvements include a new roof in 2023 and resurfaced driveway in 2024
Construction: Wood frame
Foundation: Concrete
Exterior Materials: Brick
Windows: Metal
Roof: Asphalt shingled
Laundry: Common area (1 set)
Heating: Electric baseboard
Cooling: Sleeve A/C
Water Heater: Individual
Residents pay for electricity directly, 100% of water and sewer invoices are billed back based on number of units and occupants, and trash and pest are billed back at a flat fee
Address: 520 S 5th Ave E, Newton, IA
List Price: $350,000
Cap Rate: 8.02%
Year Built: 1979
Number of Units: 6
Unit Mix: 1-1BR/1BA; 5-2BR/1BA
Total Building SF: 4,426
Parcel Size: 0.31 acres
Recent capital improvements include a new roof in 2023 and resurfaced driveway in 2024
Construction: Wood frame
Foundation: Concrete
Exterior Materials: Brick
Windows: Metal
Roof: Asphalt shingled
Laundry: Common area (1 set)
Heating: Electric baseboard
Cooling: Sleeve A/C
Water Heater: Individual
Residents pay for electricity directly, 100% of water and sewer invoices are billed back based on number of units and occupants, and trash and pest are billed back at a flat fee
Total Space Available
4,426 sqft
Sale Price
$350,000
Get in touch
Clark Matthews
Ray Hamilton
Cy Fox