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2215 250th St Washington IA 52353

IA, Washington For sale MULTI-FAMILY Active 4 or More Cars Poured Concrete, Slab
For saleMULTI-FAMILYIAWashington523532215 250th St, Washington, IA, 52353
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2215 250th St Washington IA 52353

2215 250th St, Washington, IA, 52353
    $575,000
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    Basics

    • Date added: Added 3 weeks ago
    • Type: MULTI-FAMILY
    • Status: Active
    • DOM: 55
    • Subdivision: 18 75 07 LOT 25 SW1/4 SW1
    • Year built: 1952
    • Water/Sewer: Public Water,Private Septic
    • Heating/Cooling: Window/Wall Units,Forced Air
    • Units Total: 6
    • Address: 2215 250th St, Washington, IA, 52353
    • MLS ID: 202505048

    Description

    • Description:

      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 – $700/month. Unit 7: 1 bed/1 bath – $675/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 seeking both steady income and long-term appreciation. 48-hour notice required for all showings. Interior photos are available upon request of Units 3, 5, 6, and 7 to verify layout. Units 2 and 4 are very similar, but I was not able to get inside those yet. Storage container is reserved.

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    Location

    • Directions: Coming into Washington from the North on Highway 1, turn right on G38. It is the first place on the left after the Washington County Fairgrounds.
    • County: Washington

    Building Details

    • Basement: Poured Concrete, Slab
    • Parking: 4 or More Cars

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    https://www.apartmentbrokersofiowa.com/wp-content/uploads/2025/09/202505048-43f6f26b-cabf-4fcc-a425-b881f629886c.jpg 959 1280 informaticsinc https://www.apartmentbrokersofiowa.com/wp-content/uploads/2024/05/ABILogo.png informaticsinc2025-09-13 13:33:122025-09-30 01:31:132215 250th St Washington IA 52353

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    Joanne M. Stevens

    1005 Blairs Ferry RD, Ste 210
    Cedar Rapids, IA 52402
    Phone: (319) 378-6786
    Fax: (515) 453-4484
    Equal Housing Opportunity logo
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