Iowa Condominium Portfolio Auction
104 1st Ave E : Newton, IA 50208
Jasper County, Iowa
Shown by Appointment Only
Land Description
Online Only Auction
Iowa Commercial Real Estate
15-Unit Condominium Portfolio
The Jewel Condominiums - 2nd Level | Newton, Iowa
Online Bidding Ends: April 30th at 6:00 PM (Central Time)
Register & Bid Online: Address: 104 1st Ave E Units 1-15 Newton, IA 50208
Downtown Investment Opportunity with Upside
Located in the heart of downtown Newton, across from the courthouse, this offering includes 15 deeded condominium units selling as a complete portfolio. A rare opportunity to acquire and complete a nearly finished multifamily redevelopment project.
Property Highlights
15 Total Units (All Deeded Condominiums)
10 Units Nearly Complete
Renovated with quality Amish craftsmanship
5 Units Ready for Completion
Taken down to the studs
Some remaining building materials on-site
Total Building Area: 7,693 ± Sq. Ft.
Unit Mix:
11 - 1 Bedroom
4 - Efficiency Units
Common Areas Updated
Located on the 2nd level of the historic Jewel Building
(2) Entrances: 1st Avenue & 1st Street
Taxes: $7,552 (2025)
HOA Association Dues: $12,250
Building Features
City water & sewer
Electric forced air heat
Central air conditioning
Concrete streets, sidewalks, and walkable downtown location
Elevator service
New Roof replaced (2025)
Investment Potential
This project was a passion redevelopment by the current owner and remains vacant, allowing a new investor to complete construction and implement their own leasing or resale strategy.
Ideal for investors seeking:
Multi-family portfolio opportunity
Desirable location, near completion
Strong small-market rental demand
Auction Details
Online-Only Bidding: on our website
Offering: All 15 condo units as (1) portfolio package
Online Bidding Ends: April 30th at 6:00 PM (Ct)
Terms: Cash and closing on or before 30 days following auction
Showings & Information
It is highly encouraged that prospective bidders tour the property and conduct their own assessment, prior to bidding. The Property will be open for preview on the following dates.
Saturday, April 11th at 10:00Am to 12:00Pm (Cst)
Saturday, April 25th at 10:00Am to 12:00Pm (Cst)
To arrange a tour of the property, please contact Scot Bergman with Agency Iowa.
Contact
For details, due diligence materials, or to schedule a tour contact:
Scot Bergman, associate broker
Agency Iowa
License: B66742000
Disclaimer
All information is believed to be accurate but not guaranteed. Buyers should conduct their own due diligence and personally inspect the property prior to bidding. Property is being offered at auction in “As Is” condition.
