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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