Des Moines, IA Multifamily Homes & Duplexes for Sale

NEW LOWER PRICE on the side by side duplex! A great investment opportunity. Located in a nice walkable neighborhood. Close to grocery and drug store, movie theater, banks, and on the bus line. Built in the 1970's this duplex could use a few updates but is a solid property. Tenants are on a month to month basis so new owner can keep the tenant or keep it for their use. Rent out one side and live

Cyndi Pederson United Real Estate Profess

This fully rented 3-plex offers a strong investment in the heart of Des Moines, featuring three 1-bedroom, 1-bathroom units with current rents at $700, $775, and $800. With steady cash flow and low vacancy risk, this property is ideal for both seasoned investors and those looking to start or grow their portfolio. Recent updates provide peace of mind and added value, including a new installed

Jeffrey Horner Gillum Group Real Estate LLC

Complete remodel ready for new tenants. Potential is endless with this all brick solid duplex. Detached 2 car garage with tons of extra storage. Easy to show!

Bradley Johnson Keller Williams Legacy Group

Great investor opportunity with this tri-plex in east Des Moines! This property is fully occupied with Units 1 and 2 bringing $850 per month and Unit 3 bringing $750 per month. Monthly costs are between $1600-$1800. Cash Flow is great if you're looking for a side hustle! Rental certificate in place. Open to creative financing.

Bethany Cochran Agency Iowa

Turnkey duplex offering strong cash flow from day one! Unit A features 2 bedrooms and 1 full bath, while Unit B offers 4 bedrooms and 2 baths - ideal for maximizing rental income. Both units are spacious and well-maintained, making this a perfect addition to any investor's portfolio. Recent updates include a newer roof and siding, reducing future maintenance costs. Tenants enjoy off-street

Jordan Jackson RE/MAX Revolution

This multi unit home is located in Des Moines desirable Drake neighborhood, this fourplex offers a strong investment opportunity. Tenants enjoy off-street parking, shared laundry in the basement, and proximity to Drake University. Situated on a large 0.34-acre lot, the property blends historic charm with solid rental potential and room for future growth.

Chandler Craig Developers Realty Group LLC

Southside duplex with all the updates and income potential! Each unit offers 3 bedrooms, 1 bath-including a finished basement with a bedroom on each side. Major mechanicals updated in 2023; both units have new HVAC, new water heaters, and new electrical panels. New Exterior Paint 2025. Roof replaced in 2021. Fresh LVP flooring and carpet throughout. One side vacant for owner-occupant or new

Melissa Jackson Realty ONE Group Impact

Great unit for sale right next to Drake. This 4-plex features 2, 2 bed/1 bath units and 2 1 bed/1 bath units. Tenants pay gas and electric, landlord pays water. Each unit has its own furnace. One unit has central A/C, the other 3 have window A/C. New water line and sewer line. Some units have new LVP, fresh paint and new toilets. All information obtained from seller and public records.

Jonathan Musser RE/MAX Precision

Cashflow on day one! Located right off of Interstate 235, 19th Street is in a prime location for commuters and public transportation users as well! Professionally managed for the last 2 years and stabilized, this is your chance to step into a turnkey investment! All rental certificates in place are recent and all but one tenant are in long term leases. With multiple avenues to increase income

Grant Beck RE/MAX Revolution

Great duplex! Newly remodeled! Each unit has three bedrooms and one bathroom. Two current tenants that are willing to stay but could be moved. Additional parking in back.

Brandon Johnson RE/MAX Cornerstone

Great investment opportunity in a great location near downtown Des Moines! This duplex offers versatility—perfect for an owner-occupant looking to offset their mortgage or for an investor seeking strong rental potential. Each unit features 3 bedrooms and 1 full bathroom, each unit includes a stove and refrigerator. Unit 1 is located on the upper level, while Unit 2 is on the main floor, offering

Misty Darling BH&G Real Estate Innovations

Located near State Capital and convenient to downtown Des Moines. Each side hosts 2 bedrooms, 1 bath and an enclosed front porch. All appliances stay. Each unit is metered separately. Presently tenants pay electric, gas, water, and garbage. Ample off street parkin in back.

Eldon Hutcheson Nerem & Assoc.

Two-story duplex income producing property. Tenants pay on time at $889 and $725 monthly. This offers the opportunity for a turn-key investment with an active rental certificate which was renewed January 2025. Several updates over past couple of years including a new roof and several windows changed out to vinyl.

Matt Cole RE/MAX Concepts

This portfolio includes 10 multifamily properties and 7 single-family homes. The multifamily portion features 44 total units spread across 10 buildings, all currently occupied on a month-to-month basis. These multifamily units generate an annual gross income of $386,940, with an annual net income of $233,689.The 7 single-family homes collectively produce a gross income of $100,200 and net $54,011

Jeff Downing LPT Realty, LLC

Charming Duplex in Des Moines. Ideal Investment Opportunity! Nestled in a quiet cul-de-sac street just off University Avenue, this well-maintained duplex is perfect for investors. The main level unit is currently occupied by long-term tenants and features 2 bedrooms, 1 bath, a cozy living room, formal dining room, kitchen, and an additional office/bonus room. The basement provides ample extra

Tim Hegwood PMI Realty Central Iowa

Fantastic opportunity for investors! This turnkey income-producing duplex is fully leased with a current rental certificate, offering immediate cash flow and peace of mind. Each unit features 2 bedrooms and 1 bathroom with separately metered utilities and walkout basements situated on nearly half an acre lot in a quiet neighborhood. Don’t miss this opportunity to add a solid, income-producing

Ryan Rivera Zealty Home Advisors

this well-maintained duplex offers a perfect addition to any investment portfolio or a great option for the house hacking method. Each unit features 2 bedrooms, 1 bathroom, and includes all appliances, making it move-in ready for tenants.Key Features:2 beds / 1 bath per unitAll appliances includedTenants responsible for yard care and utilitiesNewer roof and

Madalin Akers United Real Estate Profess

this well-maintained duplex offers a perfect addition to any investment portfolio or a great option for the house hacking method. Each unit features 2 bedrooms, 1 bathroom, and includes all appliances, making it move-in ready for tenants.Key Features:2 beds / 1 bath per unitAll appliances includedTenants responsible for yard care and utilitiesNewer roof and active rental

Madalin Akers United Real Estate Profess

This duplex at 1503 Forest Ave, Des Moines offers two rental units: a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit; perfect for investors looking for steady rental income. It comes with a current rental certificate and has been upgraded through the City of Des Moines Weatherization Program, improving energy efficiency. Additional highlights include a brand-NEW furnaces one for each unit

Ingrid Williams RE/MAX Concepts

Introducing The Cutler Apartments, a historic gem located just blocks from Drake University, Downtown, and Interstate 235, offering unparalleled convenience for residents. This solid brick construction property is in great shape, with spacious units over 1200sf each. Tenants enjoy 2 bedrooms, a living room, dining room, and two additional versatile rooms, making it an ideal living space. Great

Chase Keller CHASE Collective

Such an amazing chance to start or build your investment portfolio. This fully rented multifamily property brings in steady income and has been well maintained. Located centrally with easy access to everything, it is attractive for renters. Must request showing AT LEAST 48 hours in advance.

Sarah Shaffer Realty ONE Group Impact

2+ story top-bottom duplex with both units currently occupied. $1550 monthly gross rent. Unit 1: 2 BR, 1 BA rents at $750/mo. New kitchen cabinet, countertop, sink, faucet, & some fresh paint in Feb. 2025. Unit 2 is a 2 BR, 1 BA with additional finished attic currently being used as a BR that rents at $800/mo. New toilet in BA, new flooring in BA & kitchen, some new light fixtures, and some fresh

Ingrid L. Roose BHHS First Realty Westown

Situated in one of central Des Moines' most desirable neighborhoods, this charming brick duplex is a standout investment opportunity. This well-maintained property features two 800 sq ft units, each offering 2 bedrooms, a full bath, generous family room, and a full eat-in kitchen. Both units also include full basements with laundry rooms. The east unit includes an oversized attached garage that

Chris Betts RE/MAX REAL ESTATE CENTER

Situated in one of central Des Moines’ most desirable neighborhoods, this charming brick duplex is a standout investment opportunity. This well-maintained property features two 800 sq ft units, each offering 2 bedrooms, a full bath, generous family room, and a full eat-in kitchen. Both units also include full basements with laundry rooms. The east unit includes an oversized attached garage that

Chris Betts RE/MAX Real Estate Center

Brick ranch side by side duplex. Each unit 2 bedrooms, 1 full bath. Full unfinished bsmt. Very good condition. Property sits off of SW 12th, back west between 2 properties. Very private.

Steve Nissly RE/MAX Concepts

Now is your chance to own a solid investment property near the Veterans Hospital! This well-maintained triplex offers excellent rental income with three fully occupied units—two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. Current rents are $1,030, $1,150, and $950 per month. Each unit has access to shared laundry facilities in the basement. A new roof was installed in 2021. The rental

Bradley Johnson Keller Williams Legacy Group

Great investment opportunity, located on historic Grand Ave. Prime as a income property or redevelopment opportunity in the booming Ingersoll Corridor area. Across the street from Des Moines University.

Brian K Spraggins Hunziker & Assoc.-Ames

Great investment opportunity. Located on historic Grand Ave. Prime as an income property or redevelopment opportunity in the booming Ingersoll Corridor.

Brian K Spraggins Hunziker & Assoc.-Ames

Timothy Schutte EXIT Realty & Associates