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18 Beds
10 Baths

$395,000

206 and 212 NW Walnut Street, Bridgewater IA, 50837

Property typeMulti-family

Overview

Active

Listed Jan 11, 2026

Updated Jun 12

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.

$2,628/mo

Est. mortgage payment based on a $395,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
718083

Interior Features

Bedrooms
18
Bathrooms
10
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.83 Acres

Other Property Details

Taxes
$3,710
Tax Frequency
Annually

 

Courtesy of Pella Real Estate Services, Stephen Patel,
Listing Contact: (641) 780-9979 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jill Budden shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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