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Description

MMG Real Estate Advisors, serving as the exclusive advisor, is pleased to present Lions Gate, a 38-unit multifamily community located in Newton, Iowa, for acquisition. Built in 2019, the property features modern construction and upscale finishes that enhance the resident experience in one of Central Iowa’s expanding secondary markets. Situated within the Des Moines metropolitan area and in close proximity to the Iowa Speedway and Newton’s Downtown District, Lions Gate offers residents convenient access to major employers, retail amenities, daily services, and entertainment options. With its stabilized operations, minimal maintenance requirements, and potential for future rent growth, the property represents an attractive investment opportunity for buyers seeking dependable cash flow and long-term value appreciation.

Listing Details

  • Cap Rate

    6.6%

  • Space Type

    multifamily

  • Sub Category

    apartments-building

  • Date Listed

    6/2/2026

Property Specifics

  • Property Name

    Lions Gate Apartments | 320 W 3rd St N

  • Property Class

    B

  • No of Stories

    3

  • No of Units

    38

  • Year Built

    2019

  • Building Size

    45,600 SF

  • Lot Size

    0.96 Ac

  • APN

    08-34-105-005

  • Occupancy

    97%

Property Amenities

Unit Amenities

24 Hour Access
Air Conditioning
Central Heating
Kitchen

Location Amenities

Airport
Public Transportation