Cedar Rapids, IA Multifamily Homes & Duplexes for Sale

Historic charm meets modern investment opportunity in this well-maintained three-unit multifamily property located in the heart of Cedar Rapids. Listed on the Historical Registry, this beautifully preserved home features one efficiency apartment, one two-bedroom unit, and one spacious three-bedroom unit with one and a half baths—offering flexibility for a variety of tenant needs.Recent

Courtney Blair SKOGMAN REALTY CORRIDOR

3 Units in this investment building. Two 1 bedroom/1 bath units on the main floor. Upper Level has a 2 Bedroom, 2 Bath unit with an outdoor deck. Units 1 $700 per month (vacant), Unit 2 $650.00 per month, Unit 3 $775, with room for increased rents. All tenants are Month to Month. Metal Roof, Coin laundry on site. Must be purchased with adjacent property 728 4th Ave SE parcel 14214-8001-00000. 24

Bryant Nicholson Affinity Real Estate Services

Fully leased 5 Unit Property with one 1 Bed/1 Bath on the main level and 4 efficiency units with shared bathroom. Long term tenant in 1 Bedroom unit for $472. Efficiencies leased out at $395 per month. Gross rents for this building $2052.00. Boiler less than 2 years old. Recently painted and newer flooring. Metal roof. Shared laundry in adjacent building. Owner pays all utilities. Must bed

Bryant Nicholson Affinity Real Estate Services

Fully rented building in a convenient location. There are 6 studio units with own bathrooms and kitchenette and one 2 bedroom unit. There is a private parking lot in rear of building. Coin operated washer and dryer included. Many long term tenants. Exterior was just freshly painted this summer!

Rachael Ray SKOGMAN REALTY

This very nice 5-plex on the desirable northeast side of town has been exceptionally well cared for—no work needed, just move in and start collecting rent! Two of the units feature private decks off the back, offering added appeal to tenants. The property also includes a two-stall garage and ample off-street parking.Rent rolls are strong, making this a great investment opportunity in a

Chris Puckett Realty87

Welcome to this meticulously cared-for and fully updated 4-plex, where no detail has been overlooked. This property offers 4 large 1 bedroom units. This property offers a prime investment opportunity with long-term tenants in 3 of the units, providing immediate, reliable income. From the moment you step inside, you'll appreciate the pride of ownership and the high standards of maintenance and

Chris Puckett Realty87

Great Investment Duplex in Cedar Rapids. Fully rented up and down duplex. Lower unit is 2 Bed, 2 Bath and rented through July 2026 for $1000 per month. Upper unit is rented through July 2026 for $850. Tenant pays electric, Landlord pays Gas/Water/Sewer/Trash. 24 hours notice for showings.

Bryant Nicholson Affinity Real Estate Services

Turnkey duplex opportunity in a NE neighborhood! This updated upper/lower duplex offers comfortable living and smart investment potential. Both units have been remodeled with modern finishes and comes fully occupied day one. Major Upgrades Include: New roof (2022), New mini-split heating & cooling systems (2022), New water heater (2022). Each unit features refreshed interiors and separate access

Zack Phillips Pinnacle Realty LLC

The Eagle’s Nest Apartments are a 5 – building, 33 – Unit / 131 – bedroom apartment community located next to Kirkwood Community College. The property is currently rented by the bedroom, appealing to students, and features two different floor plans: 4 bed / 4 bath & 4 bed / 2 bath. The 6620 Preston Ct. SW building was constructed in 2022 and the other 4 buildings were constructed in 2004. The

Tiffany Earl-Williams SKOGMAN REALTY COMMERCIAL

This investment property is a five-unit multifamily building (5-plex) consisting of five one-bedroom units. Two of the units are equipped with in-unit laundry, while the remaining three tenants have access to a common laundry area located in the basement. The property has a solid rental history, with consistent occupancy and reliable tenants. The last city inspection was completed in July 2024,

Beth Mackey Realty87

Great Investment Opportunity on the SE side of Cedar Rapids! This well-maintained multifamily property features four fully leased units-three-1 bedroom units, and 1-3 bedroom unit. Each unit is individually metered for gas and electricity. Owner pays water/garbage/recycling, and common area heat and electric. A shared, coin-operated laundry is available in the basement for added tenant

Ross Nusser Urban Acres Real Estate Corridor

Nice SW 10 plex on Wilson Ave SW near Westdale. 6 2-bedroom and 4-1 bedroom apartments. 10 garages. Kitchens are complete with stoves, referigators, and dishwashers. Each unit has window/wall A/C units. Two laundry rooms, each with a coin operated washer and dryer. Good rental history. Boiler is 5 years old. All new windows in 2025.

Diona Carpenter SKOGMAN REALTY

Great investment opportunity! Check out this upper/lower duplex with many updates. Both units are vacant so you can interview and choose your own tenants. Lower Unit is 2 Bedroom. Upper Unit is 3 Bedroom. NEW ROOF on the property. New flooring in areas of each unit, Updated or refreshed cabinets. Updated bathrooms. New vinyl windows installed with existing updated windows in the units. Tenants

Tracy Engelbart REAL ESTATE AMERICA, INC.

Rare 4-Plex Investment Opportunity – $150,000 Total ($37,500 per Unit).This fully rented property generates $34,740 gross annual income, offering a projected 20% cap rate at the current price point. The unit mix includes two 1-bedroom and two 2-bedroom apartments, appealing to a broad tenant base. Recent updates include a new roof and interior improvements, supporting long-term stability.

Cindy Guckenberger Key Realty

House Legal Description: EAST KENWOOD PARK W 40' STR/LB 16 1 Parcel Number for all 3 properties: 14113-26007-00000, 14113-26006-00000, 14113-26008-00000. Zoning for 3403, 3409 is traditional mixed-use center. Zoning for 114th 34th St Dr. SE is Suburban Residential Flex. All 3 Parcels are included in this listing. Redevelopment opportunity or investment income opportunity with great traffic counts

Travis Burke Keller Williams Legacy Group

10-Unit multifamily residential investment sale opportunity - 6th Street Commons. This property, located just Southwest of Downtown Cedar Rapids, consists of 10 residential apartment units. Each unit has a washer and dryer, white appliances, central heat and AC and a balcony/patio. There is an exclusive parking field available for tenants and guests. The sale of 6th Street Commons includes a

Craig Byers Q4 Real Estate

329 on 12th is a Mixed-Use Investment opportunity located in the heart of the NewBo District in Cedar Rapids, Iowa. Built in 2017, this Class A Investment property consists of 20 market-rate residential apartment units and 9,398 SF of fully leased Commercial Office space. For more information about 329 on 12th or to schedule a showing, contact listing broker only. Confidentiality Agreement

Craig Byers Q4 Real Estate

Very neat duplex in solid neighborhood. Both units have been rented to current tenants for long term and rents have not been adjusted to current levels. Lower level is in amazing condition and has a 1-year lease, upper unit has two entrances from front and rear of home, tenant has been there for 7 years and is on a month to month; needs paint and flooring. Building is sound and lower level has

Daniel Seda Realty87

Kiah Wood SKOGMAN REALTY

Randon Hill Epique Realty