$395,000

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 6 months ago

Property Description

New Price ~ 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:
January 9, 2026
Data Last Updated:
July 26, 2026 at 7:19AM
Listing Office:
Pella Real Estate Services : (641) 628-1289
Listing Agent:
Stephen Patel : (641) 780-9979
MLS ID:
718083
  • Appliances: Built-In OvenRefrigerator
  • Basement: Crawl SpaceFinished
  • A/C: Window Unit(s)
  • Heating: BaseboardElectric
  • Roofing: AsphaltShingle
  • General: BlockPoured
  • Road/Access: Concrete
  • Originating MLS: DMAAR_DM
  • School District: Nodaway Valley
  • County: Adair
  • Zoning: MFLOTS 123456BLK. 4 O.T.0932453002
  • Utilities: Electricity AvailableWater AvailableElectricity on Property
  • Water: Public
  • Sewer: Public Sewer
  • Source: DMAAR_DM

This listing courtesy of Stephen Patel , Pella Real Estate Services

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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