$1,300,000

1004 Newton Rd Iowa City, IA 52246

Estimated payment $8,597/month

Total Views 813
-- Bed
-- Bath
3,360 Sq Ft
$387 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Heating System Uses Steam
  • 5-minute walk to Duane Banks Baseball Stadium
  • Norman Borlaug Elementary School Rated A-

About This Home

UNIQUE PROPERTY FOR SALE! TAILGATERS DREAM! ASSOC. DOCS has full info. - Located within walking distance to Carver and Kinnick. Corner lot with parking. 3 stall garages have been used in the past for game day events by the Owners and has a restroom. SALE INCLUDES 1004 NEWTON ROAD & 7 VALLEY AVE which are one parcel. 1004 Newton Road is a 2-story home with 4 rental units at $450/mo. each for $1,800 or $21,600 Annually. Tenants pay all Utilities. Annual Insurance is approx. $1,500. New roof in 2015. 7 Valley Ave is 4 rental units above a 3-stall garage, built in 1985 and rent for $650-$675 /mo. each, total of $2,675, or $32,100 Annually. Annual Insurance is approx. $2,500. Landlord provides: Water/Sewer/Garbage with a monthly Average of $133 or $1,596 Annually.

Listing Agent

Karla Davis

GATEWAY ACCESS REALTY Listed on: 05/16/2025

Co-Listing Agent

Chris Eden

GATEWAY ACCESS REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Parking

  • 4 Parking Spaces

Home Design

  • 3,360 Sq Ft Home
  • Frame Construction

Kitchen

  • Oven or Range

Schools

  • Lincoln Elementary School
  • Southeast Middle School

Utilities

  • Forced Air Heating System
  • Heating System Uses Steam
  • Internet Available

Additional Features

  • Unfinished Basement

Community Details

  • 8 Units
  • Gross Income $53,700

Listing and Financial Details

  • Assessor Parcel Number 1009290013

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: UNIQUE PROPERTY FOR SALE! TAILGATERS DREAM! ASSOC. DOCS has full info. - Located within walking distance to Carver and Kinnick. Corner lot with parking. 3 stall garages have been used in the past for game day events by the Owners and has a restroom. SALE INCLUDES 1004 NEWTON ROAD & 7 VALLEY AVE which are one parcel. 1004 Newton Road is a 2-story home with 4 rental units at $450/mo. each for $1,800 or $21,600 Annually. Tenants pay all Utilities. Annual Insurance is approx. $1,500. New roof in 2015. 7 Valley Ave is 4 rental units above a 3-stall garage, built in 1985 and rent for $650-$675 /mo. each, total of $2,675, or $32,100 Annually. Annual Insurance is approx. $2,500. Landlord provides: Water/Sewer/Garbage with a monthly Average of $133 or $1,596 Annually.
  • Tax Year Report: 2023
  • Rental Permit: Yes
  • Directions: Hwy 6 E to South on Valley Ave - property on corner of Valley Ave & Newton Road
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Other
  • Basement Remarks: Unfinished
  • Possession R: Immediate, Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Sq Ft Above: 3360

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Forced Air, Steam/Hotwater

Condo/Co-op/Association

  • Fees Include: None

Schools

  • Elementary School: Lincoln
  • Middle School: Southeast
  • High School: City
  • High School: City
  • Jr Middle School: Southeast
  • Elementary School: Lincoln

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 8,991 sq ft
  • Zoning: MF

Tax Info

  • Gross Tax County City: 9034.94
  • Assessor Parcel Number: 1009290013

Multi Family

  • Units Total: 8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 For Sale $1,300,000 -- $387 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Source: Iowa City Area Association of REALTORS®

MLS Number: 202503298

Iowa City Area Association of REALTORS®

APN: 1009290013

Iowa Johnson County Iowa City 52242

1004 Newton Rd, Iowa City, IA

This home is located at 1004 Newton Rd, Iowa City, IA 52246 and is currently priced at $1,300,000, approximately $386 per square foot. This property was built in 1900. 1004 Newton Rd is a home located in Johnson County with nearby schools including Norman Borlaug Elementary School, Northwest Junior High School, and West High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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Karla Davis
Listing Agent
Karla Davis
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GATEWAY ACCESS REALTY
(319) 419-4269