Property details
About 206AND212 NW Walnut St
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.
Highlights
Summary
- Full Bathrooms: 10
- Appliances: Oven, Refrigerator
- Basement: Yes
- Total Bedroom Count: 18
- Heating: Baseboard, Electric
- Cooling: Window Unit(s)
- List Price: $415,000
- Directions: From Greenfield, go west on Hwy 92. Take a left on North Main St. towards Bridgewater. Turn right on NW 2nd St. Apartments located on your right.
- Lot Size: 0.83 Acres
- MLS Number: 718083
- MLS Name: DMAAR
- Office Name: Pella Real Estate Services
- Office Phone: (641) 628-1289
- Listing Agent: Stephen Patel
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 6:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
1
Cam South Elementary School
Public District PK-5
5.1 mi
•207 E 6th St
7
Nodaway Valley Elementary School
Public District PK-5
11.6 mi
•324 NW 2nd St
2
Orient Elementary School
Public District PK-6
13.7 mi
•201 S School St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $51,709. Typical income of Bridgewater, IA residents is between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NASCAR
Hunting
Figure Skating
Where do the neighbors shop?
Bass Pro Shops
Wal-Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
GMC
Ram
Chevrolet
What do the neighbors listen to?
Classic Country
New Country- Country
Frequently asked questions
About 206AND212 NW Walnut St
The listing price of 206AND212 NW Walnut St property is $415,000.
The property 206AND212 NW Walnut St is a house located in Bridgewater, Iowa, 50837.
Active Listing: 206AND212 NW Walnut St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 206AND212 NW Walnut St are: Cam South Elementary School (GreatSchools Rating 1/10), Nodaway Valley Elementary School (GreatSchools Rating 7/10), Orient Elementary School (GreatSchools Rating 2/10), Cam Middle School (GreatSchools Rating 3/10), Nodaway Valley Middle School (GreatSchools Rating 7/10), Iowa Connections Academy Middle School (GreatSchools Rating 3/10), Nodaway Valley High School (GreatSchools Rating 7/10), Orient-Macksburg Senior High School (GreatSchools Rating 2/10), Iowa Connections Academy High School (GreatSchools Rating 4/10).
The property at 206AND212 NW Walnut St has 18 bedrooms and 10 bathrooms.
This home is located at 206AND212 NW Walnut St in Bridgewater, IA and zip code 50837. Features: 18 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since May 15, 2025 and is currently priced at $415,000.