c.1910 Iowa Fixer Upper For Sale $39,900

Bring your vision and restore the character of this spacious 4-bedroom, 1-bath home located at 322 Franklin Street in Newell. With generous living spaces and endless possibilities, this home is an excellent opportunity for investors, flippers, or buyers looking for a renovation project. Property is being sold AS-IS.

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended. 

Contact Realtor: Selena Flores

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Pros

• Exceptional Housing Affordability: The real estate market in Newell is highly accessible. The median home value sits around $100,000 to $122,000, which is nearly 65% lower than the national average. Monthly housing costs for both owners and renters are incredibly budget-friendly.

   

• Low Cost of Living: Beyond housing, the general cost of living in Newell is below the national average. Iowa’s implementation of a flat 3.8% income tax further benefits working households, and daily expenses like healthcare, utility rates, and transportation trend lower than average.

   

• Shorter Commute Times: The average commute for Newell residents is roughly 20 minutes—lower than the national average. Most workers travel to nearby employment hubs easily without facing major traffic or congestion.

   

• Tight-Knit, Quiet Atmosphere: Newell offers a classic, slow-paced Midwestern lifestyle. With a small population, it is a community where neighbors know each other, making it appealing for retirees or anyone looking to escape the noise of urban areas.

• Proximity to Storm Lake: While Newell itself is small, it sits just 12 miles east of Storm Lake. This gives residents quick, convenient access to a larger 3,200-acre lake for boating and fishing, King’s Pointe Waterpark, Buena Vista University, and expanded retail and dining options.

Cons

• Harsh Midwestern Winters: Northwestern Iowa experiences severe winter weather. Residents must contend with freezing temperatures, heavy snowfall, and strong winds that cause drifting snow and hazardous driving conditions on rural highways.

   

• Limited Local Job Market: The local economy is driven primarily by manufacturing, educational services, and agriculture. Career opportunities outside of these sectors are scarce within town limits, meaning most residents have to commute to larger nearby towns for specialized professional employment.

   

• Lack of Local Amenities: Newell has very limited options within its borders for shopping, dining, and entertainment. There is a lack of nightlife, specialized medical facilities, and major grocery chains, making a vehicle a strict necessity for running basic errands.

• Slow Population Decline: Like many small, rural agricultural towns across the Midwest, Newell has seen a gradual decrease in its population over recent census cycles as younger generations move toward larger metropolitan areas.