206 and 212 NW Walnut Street

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.

Legal: LOTS 1,2,3,4,5,6, BLK. 4 O.T.

Status: Active

Property Information

718083

$415,000

Sale

MultiFamily

206 and 212 NW Walnut Street

Bridgewater

Adair

IA

50837

18

1371

10

10

CrawlSpace, Finished

Bridgewater

3710

Nodaway Valley

Features

Unfurnished

BuiltInOven, Refrigerator

Utilities

Baseboard, Electric

Public

PublicSewer

WindowUnits

No

Listed By

Pella Real Estate Services, Stephen Patel

Mortgage Calculator

MLS #718083
MLS #718083
MLS #718083
WORK WITH US HOME VALUATION
Agency Iowa - Licensed In Iowa Each Office Independently Owned And Operated.

Agency Iowa

Licensed In Iowa Each Office Independently Owned And Operated.

Ask About this Property #718083

MARKET WATCH

Open House(395)
New Construction(1434)
New Listing(409)
Price Adjustment(204)
Price Decreased(2119)

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Copyright © 2025 Agency Iowa. All Rights Reserved.Real Estate IDX/RETS Website by Lead City
This Multi-Family Homes for Sale property at 206 and 212 NW Walnut Street (MLS # 718083) is located in Bridgewater, IA. Listed on AGENCY IOWA Real Estate, this Multi-Family home is priced at $415,000. This 18 bedroom property in Bridgewater at 206 and 212 NW Walnut Street offers N/A sqft, 10 bathrooms, and was built in N/A. Whether you're looking for new listings in Bridgewater or specifically on 206 and 212 NW Walnut Street, you'll find all the market statistics and community information you need here.

For information on 206 and 212 NW Walnut Street and other properties in Bridgewater, contact Agency Iowa, the premier local website, AGENCY IOWA Real Estate. Our real estate team is ready to assist with your home search in and around Bridgewater, IA.

Information is deemed to be reliable, but is not guaranteed. © 2025 . The advertisers and publishers are not responsible or liable for misinformation, misprints, or other errors. All information provided is deemed reliable but is not guaranteed and should be independently verified. Prices subject to change without notice. Properties subject to prior sale or rental.