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    2215 250Th St Washington, IA 52353

    For Sale
    $549,900

    Multi Family - IA

    Property size:
    4,189 SF
    Days on Market:
    21
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 2215 250Th St

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    M - Residential (MR R3+)
    APN
    1118352007
    Parking features
    Off Street
    Size
    4,189 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1952
    Building materials
    Brick, Frame
    Architectural style
    Other

    RE/MAX Affiliates (319) 333-1213 [email protected]

    Listing agent Peter Schwartz (319) 333-1213

    Listing date Nov 16, 2025

    MLS# 202506537 Listing URL

    Copyright © 2025 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Rented Multifamily Investment Opportunity

    This is a six-unit multifamily property built in 1952, totaling 4,189 square feet. The property is located directly behind the Washington County Fairgrounds. The complex includes a mix of one- and two-bedroom layouts. Unit 2 has two bedrooms and one bathroom. Unit 3 has two bedrooms and two bathrooms. Units 4 and 5 each have one bedroom and one bathroom. Unit 6 has two bedrooms and one bathroom, but no living room, and rents for $725 per month. Unit 7 has one bedroom and one bathroom and rents for $700 per month. All units are currently tenant-occupied on month-to-month leases. A shared on-site laundry space generates an additional $400–$500 per month in income. The property sits on a generous lot with substantial green space behind the building. The property is fully functional and income-producing, and offers potential for value-add improvements and cosmetic updates. The zoning is M - Residential (MR R3+).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Glanceworthy Photography Photographer

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Nail Salon Hotel & Motel Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Washington
    State
    Iowa
    Longitude
    -91.712765
    Latitude
    41.294667

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment complex near Washington County Fairgrounds, offering immediate cash flow.
    Where is this apartment building located?
    The property is located at 2215 250Th St Washington, IA.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: - Fully rented 6-unit multifamily property provides immediate cash flow.; - Prime location directly behind the Washington County Fairgrounds.; - Shared on-site laundry generates additional monthly income ($400-$500).
    (319) 333-1213
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    2215 250Th St Washington, IA 52353
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    Washington, IA 52353
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2215 250Th St Washington, IA 52353
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