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206 and 212 NW Walnut Street Bridgewater, IA $ 415,000
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$ 415,000 Get more info
206 and 212 NW Walnut Street
$ 415,000
Back to search
Share Save

206 and 212 NW Walnut Street

Bridgewater, IA, 50837
$ 415,000
Bedrooms18 Baths10.0

Monthly Estimate*

$ 2,589

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206 and 212 NW Walnut Street, Bridgewater, IA 50837 - Image 12

Multi-Family Home for sale in Bridgewater, IA

for $415,000 with 18 bedrooms and 10 full baths. The lot size is 0.83.

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.

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Multi-Family Active

Price

$ 415,000

Bedrooms

18

Full Bath

10

Property Type

Multi-Family

Taxes

$ 3,710

Style

Lot Size

0.83

Town/City

Bridgewater

County/Region

Adair

MLS | Web ID

718083
Features
General
Sewer PublicSewer
Heating Baseboard Electric
Cooling WindowUnits
Utilities ElectricityAvailable WaterAvailable
Roof Asphalt Shingle
Appliances BuiltInOven Refrigerator
Zoning MF
Tenant Pays Electricity
County Adair
New Construction N
Property Type MultiFamily
HOA N
Attached Garage N
Garage Y/N N
Full Baths 10
Status Active
Directions 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.
City Bridgewater
Senior Community Y/N N
High School District Nodaway Valley
MLS Area Bridgewater
Lot Size Units Acres
Carport Y/N N
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 3710.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Nodaway Valley
Elementary School District Nodaway Valley
Legal Description LOTS 1 2 3 4 5 6 BLK. 4 O.T.
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Interior
Basement CrawlSpace Finished
Furnished Y/N Unfurnished
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
3/4 Baths 0
Total Bedrooms 18
Below Grade Finished Area 1371.0
Total Baths 10
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Exterior
Water Source Public
Lot Size Area 0.83
Foundation Details Block Poured
Spa N
Lot Size Acres 0.83
Road Surface Type Concrete
Private Pool N
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 206
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* Excluded Features
List By
Stephen Patel

Listing Agent

Pella Real Estate Services

Broker

stephenp@pres1buy.com

Email

Affordability Calculator

$2,898
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,589
Monthly Property Taxes
$309
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1177614 Elementary School
1177526 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/29/2025$415,000 Listed Price

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206 and 212 NW Walnut Street, Bridgewater, IA, 50837 is a Multi-Family Home for sale at $415,000 with a lot size of 0.83. 206 and 212 NW Walnut Street has 18 bedrooms and 10.0 baths. The property's zip code is 50837 which is in Bridgewater, IA

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