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2215 250th St, Washington, IA 52353

Local realty services provided by:CENTURY 21 Signature Real Estate
2215 250th St,Washington, IA 52353
$549,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: peter schwartz
Office: re/max affiliates
MLS#:202506537
Source:IA_ICAAR

Price summary

  • Price:$549,900

About this home

Rare opportunity to own a fully rented 6-unit multifamily property in a prime location—directly behind the Washington County Fairgrounds! Built in 1952 with 4,189 total square feet, this apartment complex includes six units (numbered 2 through 7) featuring a mix of 1- and 2-bedroom layouts. Unit 2: 2 bed/1 bath. Unit 3: 2 bed/2 bath. Units 4 & 5: 1 bed/1 bath. Unit 6: 2 bed/1 bath, no living room – $725/month. Unit 7: 1 bed/1 bath – $700/month. All units are currently tenant-occupied on month-to-month leases, providing immediate cash flow for investors. A shared on-site laundry space adds convenience and generates an additional $400–$500/month in income. The property sits on a generous lot with substantial green space behind the building—offering tenant appeal and possible future development options. While the property is fully functional and income-producing, it offers significant potential for value-add improvements and cosmetic updates—making it an ideal opportunity for investors

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Home facts

  • Year built:1952
  • Listing ID #:202506537
  • Added:92 day(s) ago
  • Updated:January 18, 2026 at 04:16 PM

Structure and exterior

  • Year built:1952

Schools

  • High school:Washington
  • Middle school:Washington
  • Elementary school:Washington

Utilities

  • Water:Public Water
  • Sewer:Private Septic

Finances and disclosures

  • Price:$549,900
  • Tax amount:$2,810

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