206 and 212 NW Walnut Street Bridgewater, IA $ 395,000
206 and 212 NW Walnut Street
$ 395,000
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206 and 212 NW Walnut Street

Bridgewater, IA, 50837
$ 395,000
Bedrooms18 Baths10.0

Monthly Estimate*

$ 2,432

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Multi-Family Home for sale in Bridgewater, IA

for $395,000 with 18 bedrooms and 10 full baths. The lot size is 0.83.

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.

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Multi-Family Active

Price

$ 395,000

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

List By
Stephen Patel

Listing Agent

Pella Real Estate Services

Broker

stephenp@pres1buy.com

Email

Affordability Calculator

$2,741
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,432
Monthly Property Taxes
$309
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
1/11/2026$395,000 -4.82% Price Down
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 $395,000 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