1004 Newton Road, Iowa City, IA 52246
Local realty services provided by:Graf Real Estate ERA Powered
Listed by:karla davis
Office:gateway access realty
MLS#:2503618
Source:IA_CRAAR
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Price summary
- Price:$1,300,000
About this home
UNIQUE PROPERTY FOR SALE! TAILGATERS DREAM! 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. Landlord also provides Electric and Gas with a monthly Average of $104 or $1,248 Annually. LANDLORD PAYS FOR Lawn care, snow removal, repairs, supplies and trash removal. This averages $208 to $291 per month or $2,500 to $3,500 Annually. Annual City Inspection Fee $350. Current Owner prioritizes the parking spaces for the Tenants. If and when they do "Event Parking", they may have 15-cars at $20.00 per space for a possible $300 extra per "Event". This Income has not been added.
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Home facts
- Year built:1900
- Listing Id #:2503618
- Added:87 day(s) ago
- Updated:August 14, 2025 at 07:47 PM
Structure and exterior
- Year built:1900
Schools
- High school:City
- Middle school:Southeast
- Elementary school:Lincoln
Utilities
- Water:Public
Finances and disclosures
- Price:$1,300,000
- Tax amount:$9,034
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