502 E 12th Street S, Newton IA, 50208

Property Description

Located at 502 E 12th St S in Newton, this bi-attached duplex offers a strong investment or owner-occupant opportunity with two separate units, each featuring its own private entrance. The property totals 1,440 square feet and has been nicely updated with LVP flooring throughout, giving both units a clean, modern look. A detached two-stall garage adds valuable functionality for tenants or personal use. Major improvements are already in place, including new siding, fascia, soffit, windows, and updated electrical. A new roof was installed in 2026 on both the house and the garage, providing long-term peace of mind. The seller will also be installing two mini-split units prior to closing to enhance heating and cooling efficiency. This is an all-electric property with dual electric meters, and water was previously paid for by the landlord, helping keep expenses simple. One unit includes a microwave and stove with the sale. While there is no on-site laundry, a laundromat is conveniently located directly across the street. With substantial updates completed, this property presents a solid, low-maintenance opportunity in the Newton market.