Looking for a 1031 exchange or an easy way to build an investment portfolio? This multi-family 5 plexis it! All five units are rented out, and the cap rate is over 8.6%. Building updates include: newwater heater, new fire escape (in progress), new flooring and paint in the hallway common area, newexterior door, new basement windows, exterior tuckpointing. Unit updates include:-

Nora Crosthwaite Realty ONE Group Impact

Spacious & Updated duplex on S Side Des Moines. This property has been renovated from top to bottom, making it a standout for both new and seasoned investors. Major updates include a newer roof replaced within the last 3 years, fresh exterior paint, all new plumbing, and a new AC and furnace in one unit. Inside both units have been completely remodeled with modern finishes. Each unit is

Mary Halling RE/MAX Precision

Incredible opportunity to secure 2603 & 2607 Knapp Avenue—two adjoining lots totaling 17,400 sq. ft. (one a corner lot) just two blocks south of Iowa State University. With prime visibility, excellent convenience, and a history of consistent rental use, these homes—''grand old ladies'' from another era—have long been attractive to tenants. Properties are being offered as a package deal

Lloyd Flanders RE/MAX REAL ESTATE CENTER

4 properties sold together all adjacent to each other of 1301 Florida Ave. single family & 1307 Florida Ave. 4 plex, 4713 Ontario St. 4 plex & 4716 Hutchison St. duplex property.Ech unit rent for $910 with living room brick fireplaces, kitchen, 2 bedrooms, full bath and own garage stall. Laundry room in main hallway and shared large patio located in the back.

Steve Bock RE/MAX REAL ESTATE CENTER

4 properties sold together all adjacent to each other of 1301 Florida Ave. single family & 1307 Florida Ave. 4 plex, 4713 Ontario St. 4 plex & 4716 Hutchison St. duplex property. Great 4 bedroom, 4 bath rented for $775 a unit includes garage stall. very well cared for and clean building site.

Steve Bock RE/MAX REAL ESTATE CENTER

4 properties sold together all adjacent to each other of 1301 Florida Ave. single family & 1307 Florida Ave. 4 plex, 4713 Ontario St. 4 plex & 4716 Hutchison St. duplex property.Very well cared for 4 plex with 8 bedrooms, 4 baths, 4 car stalls. This is a one owner brick exterior building with units having up and down fireplaces, double sinks in the bath and washer & dryer in units. 2 rents

Steve Bock RE/MAX REAL ESTATE CENTER

Spacious and well-maintained duplex located on Des Moines' south side, conveniently near Southdale Shopping Center and Lovejoy Elementary. This property offers two units: one with 3 bedrooms and 1.5 bathrooms, and another with 3 bedrooms and 1.5 bathrooms. Both units feature newer carpeting, generously sized kitchens with all appliances included, and dry, expansive unfinished basements perfect

David Rodriguez RE/MAX Precision

Modern & Spacious 8-Plex in West Ames. Outstanding investment opportunity in West Ames! This well-maintained 8-plex features eight 3-bedroom, 2-bathroom units, each offering a spacious and functional layout. Lower-level units include patios, while upper-level units feature decks and vaulted ceilings, adding a sense of openness. All units are equipped with in-unit laundry for added tenant

John Livingston Hunziker & Assoc.-Ames

Fully refreshed from top to bottom with new LVP flooring, fresh paint, new carpet, and new appliances, this duplex is move-in ready for tenants or an ideal house-hack. The owner also added central air to both units for year-round comfort. Unit 1 is on the main level and has an open floor plan with dining area that consists of 2 bedroom, 2 bathrooms. Unit 2 is on the 2nd and 3rd floor and

Jeffrey Horner Gillum Group Real Estate LLC

Great opportunity to invest in this Muti-use building 4 large units with three bedrooms each! The two units in the first level are vacant and contain 3 Beds, 2 bathrooms and Central air. One of the two apartments in the second level is occupied, rent is charged at $1500 type of leasing agreement is month to month. The other apartment is vacant. Rental certificate is being approved by the City of

Julia Mena RE/MAX Concepts

Steps from Drake University and surrounded by ongoing neighborhood revitalization, 3101 Cottage Grove is primed for transformation. Currently a 7 unit building, it shines brightest as a candidate for conversion back to a stately single family home. The property sits within an InvestDSM program area making it eligible for grants, reimbursements, and low interest rehab loans plus NFC Advantage

Sarah Kavalier LPT Realty, LLC

Calling all investors! Don't miss this opportunity to own 2 brick, cash flowing 4-plexes, side by side in the fast growing community of Huxley! All units are 2 bedroom, 1 bathroom & come with their own detached garages. Numerous updates include roofs on both buildings, LVP flooring in most units, some newer appliances & wall a/c units. Both are on efficient boiler heat with one being newer as

Jason Miller Weichert, Realtors®-Miller & Clark Agency

Investment Opportunity! This duplex has an active rental certificate. The one bedroom unit is occupied. The two bedroom unit is vacant and has a fresh coat of paint and all cleaned up ready for the next occupant. Each unit has a kitchen which includes a stove, refrigerator and dishwasher, full bath, and its own laundry area. The vacant unit has a finished basement that includes a bedroom

Marlene Thatcher Keller Williams Realty GDM

Welcome to this all-brick ranch duplex! With a full-brick exterior that means low-maintenance living, this property is a true find. One side offers 3 bedrooms, 2 bathrooms, and a finished basement, while the other features 2 bedrooms and 1 bathroom-giving you tons of flexibility. Even better-this home has seen great updates, including updated electrical and a finished basement, making it move-in

Jordon Vivanh RE/MAX Concepts

Exciting investment opportunity in the heart of the Drake area! This well-cared-for up-down duplex at 1064 27th offers versatile layouts and great rental potential. The main floor unit features 2 bedrooms, 1 bath, central AC, spacious living areas, and beautiful wood floors. The upper unit includes 2 bedrooms plus a 3rd bedroom/office area, 1 bath, and window unit cooling—perfect for flexible use

Ryan Rohlf Keller Williams Legacy Group

Discover this updated duplex in a highly sought-after location just off Ingersoll Avenue. Unit 1 occupies the main level with basement access, while Unit 2 is located upstairs (no basement access). Each unit offers 1 bedroom and 1 bathroom, with fresh interior paint completed approximately 1.5 years ago. Unit 1 features new flooring throughout, adding to the move-in ready appeal. Major updates

Gabby Fisher Keller Williams Realty GDM

Incredible investment opportunity in Ames, Iowa, a thriving college town with strong rental demand and easy accessibility to the Iowa State University campus. This property includes 43 total units across two well-maintained buildings, offering a desirable mix of 22 two-bedroom units and 21 one-bedroom units. Each unit features a full bath along with a refrigerator, stove, and dishwasher.

Ethan Hokel Century 21 Signature

4) 2BR/1BA Units5) 1BR/1BA Units100% OccupiedAVG In place rents - $6942BR/1BA Market Rent - $8551BR/1BA Market Rent - $785Opportunity for investors to implement RUBS and increase rental income day 1.

Ross Quintero Stanbrough Realty Company

12) 2BR/1BA UnitsNew Roof (2021)All Windows have been replacedBoiler and Water Heater (2018/2020)LVP in Common Areas and 85% of all units.AVG In Place Rents - $754Market Rents - $850 + RUBSOpportunity for investors to Implement RUBS and increase rental income day 1.

Ross Quintero Stanbrough Realty Company

Fully Occupied Tri-Plex Opportunity. No owner utilities. Fully occupied on MTM leases with upside in raising rents. Located just 2 blocks from Drake University

Ross Quintero Stanbrough Realty Company

12) 2BR/1BA UnitsLVP in Common Areas and 85% of units.New Boiler (2020)New Roof (2021)Water heater replaced (2023)AVG in place rents - $762.50Market Rent - $850 + RUBSOpportunity to implement RUBS and increase rental income day 1.

Ross Quintero Stanbrough Realty Company

8) 2BR/1BA UnitsAVG In Place Rents - $768Market Rent - $850 + RUBSLVP in common areas and units.New Water Heater (2023)New Roof (2021)Vinyl Windows across all units.Opportunity to implement RUBS and increase rental income day 1.

Ross Quintero Stanbrough Realty Company

In Place Cap Rate - 9.35%Rental Assistance CoC - 13.10%Market Rents Cap Rate - 8.42%Market Rents CoC - 9.35%High Efficiency Boiler (2024)Water Heaters (2022)Updated Plumbing9) 2BR/1BA Units2) 1BR/1BA Units90% of units feature LVP and fresh paint.

Ross Quintero Stanbrough Realty Company

Up/Down Brick Duplex located next to school. The upper unit has 3 bed 1 bath and includes 1 car detached garage. Lower level is 2 bed 1 bath. Both unit have laundry area and separate entrances and driveways. Each unit pays all their own utilities. Tenant are both month to month.

Cathy Hommer Iowa Realty Indianola

Great investment opportunity. These 2 parcels include 2 duplexes (3902/3906 Ontario and 3910/3912 Ontario) and a single family home (3908 Ontario) all being sold together for $825,000. See MLS # 68297 for information on the single family home.

Chuck Winkleblack Hunziker & Assoc.-Ames

Income-Producing 4-Unit Multi-Family in Des Moines! Ideally located just minutes from downtown Des Moines and steps from public transportation, this clean, well-maintained four-plex is a turnkey investment. The building offers two two-bedroom, one-bath units and two three-bedroom, one-bath units , all with a current rental certificate—an excellent opportunity for investors or live-in

Angela Ousley Zealty Home Advisors

12) 2BR/1BA UnitsLVP in Common Areas and 100% of units.AVG in Place Rents - $758Market Rents - $825 + RUBSNew Roof (2021)Vinyl Windows

Ross Quintero Stanbrough Realty Company

This solid duplex is the perfect opportunity for both investors and house hackers. One side is freshly updated with new paint, carpet, and countertops, ready for immediate occupancy. The other side has been home to the same tenant since 1994, providing stable income at $855 mo through Oct 2027.Each unit features:Spacious living areas with 2 bedrooms and 1 full bathFull

Cy Phillips Space Simply

Discover a prime investment opportunity with this well-maintained two-unit duplex. Each unit features 1 spacious bedroom and a full bath, offering comfortable living for tenants. Ideal for investors seeking consistent rental income, this property is located in a highly desirable area with convenient access to shopping, parks, and top-rated schools. Whether you’re looking to expand

Jody Henkenius BHHS First Realty Westown

This spacious duplex offers great flexibility for living or investment. Located in the WDM school district with quick access to shopping, dining, and major commuter routes, the property has a strong rental history with low vacancy. The main-level unit features 3 bedrooms and 2 full bathrooms, with a bright and open layout that’s perfect for both everyday living. A comfortable living room flows

Chris Betts RE/MAX Real Estate Center

This cash-flowing 3-unit property features flexible month-to-month tenants and currently generates $1,875 per month in rents, with room for future increases. Contact an agent today for more details and to secure your place in the bidding process.

Jeff Downing LPT Realty, LLC

This cash-flowing 3-unit property features flexible month-to-month tenants and currently generates $2,300 per month in rents, with room for future increases. Contact an agent today for more details and to secure your place in the bidding process.

Jeff Downing LPT Realty, LLC

This cash-flowing 3-unit property features flexible month-to-month tenants and currently generates $2,350 per month in rents, with room for future increases. Contact an agent today for more details and to secure your place in the bidding process.

Jeff Downing LPT Realty, LLC

This cash-flowing 4-unit property features flexible month-to-month tenants and currently generates $2,900 per month in rents, with room for future increases. Contact an agent today for more details and to secure your place in the bidding process.

Jeff Downing LPT Realty, LLC