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Multi family For Sale

206 and 212 NW Walnut Street, Bridgewater, Iowa 50837

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Property Description

This well-maintained multifamily property features a 4-unit and 6-unit brick apartment complex on a spacious 0.83-acre lot. The portfolio includes eight 2-bedroom units and two 1-bedroom units, offering stable income with a strong 10% cap rate. Recent upgrades include newer roofs, soffit, fascia, gutters, 31 new windows, and the removal of five trees for improved property aesthetics. Units have seen varying levels of renovation, ensuring minimal capital improvements for the new owner. On-site laundry currently offered free—convert to coin-operated or tenant-billed utilities to increase revenue. Value-add potential through rent increases and utility optimization makes this a smart buy for any investor looking to grow their portfolio in a quiet, stable market.

Basic Details
Property Type : Multi family
Listing Type : For Sale
Price : $415,000
Status : Active
Lot Area : 0.83 Acre
Bedrooms : 18
Bathrooms : 10
Baths Total : 10
Features
Heating System
Cooling System
Basement
Furnished : Unfurnished
Water/Sewer
Construction
Roof Deck : Asphalt, Shingle
Foundation : Poured, Block
Zoning : MF
Other
LotSizeArea : 0.83 Sqft
MLSAreaMajor : Bridgewater
TaxAnnualAmount : $3,710
Insurance Fee : $0
Taxes : $0
Listing Office Info
Listing ID : 718083
List Office MLSID : PRES
List Office Name : Pella Real Estate Services
List Agent Email : stephenp@pres1buy.com
List Agent Full Name : Stephen Patel
List Agent MLSID : 40006
Location
Street Number : 206 and 212
Street Suffix : Street
Street : NW Walnut
Country : US
State : IA
County : Adair
City : Bridgewater
Zipcode : 50837
Longitude : W95° 19' 46.5''
Latitude : N41° 14' 44.5''
Parcel Number : 0932453002
From Greenfield, go west on Hwy 92. Take a left on North Main St. towards Bridgewater. Turn right on NW 2nd St. Apartments located on your right.
Multi family For Sale
  • Listing ID : 718083
  • Bedrooms : 18
  • Bathrooms : 10
  • Lot Area : 0.83 Acre
  • Visits
$415,000
Agent info
Matt Karjalahti
RE/MAX Partners Realty
932 Main St., Grinnell, IA 50012
Contact Agent

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