206 and 212 NW Walnut St Bridgewater, IA 50837
Estimated payment $2,500/month
Total Views
22,434
--
Bed
10
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- 10 Kitchens
- Laundry Room
- Baseboard Heating
- No HOA
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,710
Parking
- Gravel Driveway
Home Design
- Block Foundation
- Asphalt Shingled Roof
Kitchen
- 10 Kitchens
- Built-In Oven
Utilities
- Window Unit Cooling System
- Baseboard Heating
Additional Features
- Laundry Room
- Crawl Space
- 0.83 Acre Lot
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 0932453002
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/15/2025 05/15/25 | For Sale | $415,000 | -- | -- |
Source: Des Moines Area Association of REALTORS®
About the Listing Agent
Stephen grew up in Southeast IA to entrepreneurial parents that taught him the values of hard work and customer service. After graduating from Iowa State in mechanical engineering, he moved to Pella where he met his future wife, Breanne. During their engagement, he decided to take his first step into real estate. That decision has led to almost 20 years of experience fueled by his passion to help others and make a difference in the lives of those around him.
Stephen’s goal is to take the
Stephen's Other Listings
Source: Des Moines Area Association of REALTORS®
MLS Number: 718083
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