Four- and Six-Unit Brick
For Sale
$395,000
206 And 212 Nw Walnut St, Bridgewater, IA 50837
Brick multifamily complex on 0.83-acre lot with eight two-bedroom and two one-bedroom units.
Property SizeContact for details
Lot Size0.83 Acres
Days on Market97
Property Features for 206 And 212 Nw Walnut St
General Information
Standard status
Active
Lot size
0.83 Acres
Property subtype
Multi-Family
Units
Unit Mix
8 x 2BR, 2 x 1BR
Multifamily Units
10
Additional Details
Cap Rate
10%
Amenities
on-site laundry
Building Details
Construction
brick
Listing Agency:
Pella Real Estate Services
Listed By:
Stephen Patel
(641) 780-9979
Source:
Kwlegacyrealty
Added: Jul 28
Changed: Oct 26
Last Checked: Oct 7 at 2:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pella Real Estate Services
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Investment Insights
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This well-maintained multifamily property features a 4-unit and a 6-unit brick apartment complex on a spacious 0.83-acre lot. The portfolio includes eight 2-bedroom units and two 1-bedroom units. Recent upgrades include newer roofs, soffit, fascia, gutters, 31 new windows, and the removal of five trees.
On-site laundry is currently offered free, with the ability to convert to coin-operated or tenant-billed utilities. The property is described as generating stable income with a stated 10% cap rate, and unit renovations vary by unit, which the remarks note may reduce capital improvements for a new owner. Located at 206 and 212 NW Walnut St in Bridgewater, IA 50837.
On-site laundry is currently offered free, with the ability to convert to coin-operated or tenant-billed utilities. The property is described as generating stable income with a stated 10% cap rate, and unit renovations vary by unit, which the remarks note may reduce capital improvements for a new owner. Located at 206 and 212 NW Walnut St in Bridgewater, IA 50837.
Key Highlights
- Well‑maintained brick multifamily with 4‑unit and 6‑unit apartment complex on a 0.83‑acre lot
- Unit mix includes eight 2‑bedroom units and two 1‑bedroom units
- Recent upgrades: newer roofs, soffit, fascia, gutters, and 31 new windows
Property Analytics
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Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
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Business Placement
Demographics for 50837, IA
304
Population
165
Households
1.8
Avg Household Size
47
Median Age
11%
College-Educated
99%
High-School Grad
52.5 sq mi
ZIP Area
6
Density / Sq Mi
$64,318
Median Household Income
$57,539
Median Earnings
$535
Median Rent
$107,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily complex on 0.83-acre lot with eight two-bedroom and two one-bedroom units.
Where is this apartment building located?
The property is located at 206 And 212 Nw Walnut St Bridgewater, IA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Well‑maintained brick multifamily with 4‑unit and 6‑unit apartment complex on a 0.83‑acre lot; Unit mix includes eight 2‑bedroom units and two 1‑bedroom units; Recent upgrades: newer roofs, soffit, fascia, gutters, and 31 new windows
