1. Iowa
  2. Bridgewater
  3. 206 and 212 NW Walnut Street
$415,000

206 and 212 NW Walnut Street, Bridgewater, IA 50837

  • 18 beds |
  • 10 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.83acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 4 days ago

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.

Listing Status:
Active
Date Added:
May 15, 2025 at 05:00AM
Listing Office:
Pella Real Estate Services : (641) 628-1289
Listing Agent:
Stephen Patel : (641) 628-1289
MLS ID:
718083
  • Appliances: Built-In OvenRefrigerator
  • Basement: Crawl SpaceFinished
  • A/C: Window Unit(s)
  • Heating: BaseboardElectric

This listing courtesy of Stephen Patel, Pella Real Estate Services

Location

Schools Nearby

N

Nodaway Valley Elementary School

324 NW 2nd St, Greenfield, IA, 50849

Grades PK-5

11.61 miles away

N

Nodaway Valley Middle School

112 S 1st St, Fontanelle, IA, 50846

Grades 6-8

6.13 miles away

N

Nodaway Valley High School

410 NW 2nd St, Greenfield, IA, 50849

Grades 9-12

11.62 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.