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%


