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. Units 6 & 7 offer similar layouts and rental potential. All units are currently tenant-occupied, 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. Whether you’re expanding your rental portfolio or looking for steady income in a high-demand area, this property checks all the boxes. 48-hour notice required for all showings. Storage container is reserved.
For sale
$600,000
2215 250th St, Washington, IA 52353
--beds
1baths
4,189sqft
Est.:
Multi Family, Residential
Built in 1952
-- sqft lot
$-- Zestimate®
$143/sqft
$-- HOA
What's special
Substantial green spaceShared on-site laundry spaceGenerous lot
- 2 days
- on Zillow |
- 52 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: 22 hours ago
Listed by:
Peter Schwartz 319-930-7075,
Ruhl&Ruhl, Realtors
Source: Iowa City Area AOR,MLS#: 202505048

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Forced Air
Cooling
- Window Unit(s)
Features
- Basement: Concrete
- Number of fireplaces: 1
Interior area
- Total structure area: 4,189
- Total interior livable area: 4,189 sqft
- Finished area above ground: 4,189
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Off Street
Lot
- Dimensions: 1.83 Acres; 79,715 SF
Details
- Parcel number: 1118352007
- Zoning: M - Residential (MR R3+)
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Residential
Materials
- Brick, Frame
- Foundation: Slab
Condition
- Year built: 1952
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Features: Close To School, Near Shopping
- Subdivision: 18 75 07 LOT 25 SW1/4 SW1
Location
- Region: Washington
Financial & listing details
- Price per square foot: $143/sqft
- Annual tax amount: $2,810
- Date on market: 8/6/2025
- Listing terms: Cash,Conventional
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