Boone, IA Multifamily Homes & Duplexes for Sale
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$553,000
- 6,384 Sq Ft
304 Ringold St, Boone, IA 50036
Brian Byriel Hunziker & Assoc.-Ames
Why Live in Boone



Boone, Iowa, is a small city with a rich industrial history and a promising future. Located in the heart of Iowa, Boone has a legacy of coal mining and agriculture, with the Union Pacific Railroad playing a significant role in its development. The city is less than an hour from Des Moines and about 30 minutes from Ames, providing convenient access to larger urban amenities. Boone is home to the Boone and Scenic Valley Railroad, a major attraction offering passenger train rides and the unique Rail Explorers experience. J.B. McHose Park, the largest park in the city, features multiple playgrounds, sports courts, a dog park, nature trails, and an equestrian area. Nearby, Ledges State Park offers camping, fishing, canoeing, and cycling opportunities.
The city’s downtown area is vibrant with mom-and-pop shops and locally owned restaurants. Boone is the birthplace of the Fareway grocery store chain and Casey's General Store, both significant employers in the region. The Boone Community School District serves over 2,000 students, and the city is within 14 miles of Iowa State University, which is highly rated. Boone's housing market includes bungalows, ranch-style homes, and two-story houses, many with unique architectural features. A housing-incentive program encourages new construction with financial incentives.
Boone hosts several notable events, including Pufferbilly Days, the Farm Progress Show, and the Speedway Motors IMCA SuperNationals, attracting thousands of visitors annually. The city’s thoroughfares ensure short commutes and low traffic, with Des Moines International Airport located 54 miles away. Boone’s crime rate is lower than the national average.
Home Trends in Boone, IA
On average, homes in Boone, IA sell after 40 days on the market compared to the national average of 70 days. The median sale price for homes in Boone, IA over the last 12 months is $235,000, up 8% from the median home sale price over the previous 12 months.
Housing Trends
In Boone, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $210,000 to $553,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Boone is $244,900, while the average sale price is $246,228, offering insights into the local housing market. On average, multi-family homes spend 40 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Boone, IA.