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Iowa Falls, IA Multifamily Homes & Duplexes for Sale

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  • 515 Main St, Iowa Falls, IA 50126
    515 Main St, Iowa Falls, IA 50126
    515 Main St, Iowa Falls, IA 50126
    /31

    $107,000

    • 2,860 Sq Ft

    515 Main St, Iowa Falls, IA 50126

    This is a great investment opportunity for someone wanting to venture into the rental space or someone who is experienced. This property features three rental units. The first unit is a two story large two bedroom, one bath that features hardwood floors and fireplace. The second unit is a one bedroom, one bathroom that features a large bay window and hardwood floors, recent updates include new

    Heather Schachtner Ferris Real Estate

    515 Main St, Iowa Falls, IA 50126
  • 204 & 206 Elm St, Iowa Falls, IA 50126
    204 & 206 Elm St, Iowa Falls, IA 50126
    204 & 206 Elm St, Iowa Falls, IA 50126
    /23

    $155,000

    • 1,936 Sq Ft

    204 & 206 Elm St, Iowa Falls, IA 50126

    Unique opportunity on this side by side duplex. Designed for privacy and long term stability, each side offers its own private entrance, 2 bedrooms, full bath, in unit laundry and attached garage. The residences share no living walls, only the garages are connected. One unit is slightly larger, making it ideal for an owner-occupant while offsetting cost by renting out the other side. Whether

    Lisa Renaud Ferris Real Estate

    204 & 206 Elm St, Iowa Falls, IA 50126
  • 715 N Oak St, Iowa Falls, IA 50126
    715 N Oak St, Iowa Falls, IA 50126
    715 N Oak St, Iowa Falls, IA 50126
    /20

    $99,500

    • 1,572 Sq Ft

    715 N Oak St, Iowa Falls, IA 50126

    Great investment opportunity! This duplex features front and back units. Unit 1 includes 2 bedrooms, 1 bath, large living room and large kitchen. Unit 2 is complete with 1 bedroom and 1 bath. This property sits in a prime spot, is within walking distance to downtown, grocery shopping, and parks! Not looking to be a landlord? This property can be easily converted back to a single family home! Call

    Kellie Marvin Ferris Real Estate

    715 N Oak St, Iowa Falls, IA 50126
Iowa Hardin County Iowa Falls

Multi-Family Homes & Duplexes for Sale in Iowa Falls, IA

Why Live in Iowa Falls

The Iowa River winds through the small community of Iowa Falls, earning it the nickname of the Scenic City. There are views of rocky river bluffs and shaded parks throughout the region, which are seen aboard the Scenic City Empress. Access to the ...

Learn more about living in Iowa Falls

Home Trends in Iowa Falls, IA

On average, homes in Iowa Falls, IA sell after 59 days on the market compared to the national average of 52 days. The median sale price for homes in Iowa Falls, IA over the last 12 months is $155,000, up 32% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$155,000
Median Single Family Sale Price
$155,100
Median 2 Bedroom Sale Price
$359,900
Median 1 Bedroom Sale Price
$179,500
Average Price Per Sq Ft
$118
Number of Homes for Sale
29
Last 12 months Home Sales
93
Months of Supply
3.70
Median List Price
$169,450
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
32%
How to Buy a Home How to Finance a Home How to Sell a Home

In Iowa Falls, there are currently 3 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $99,500 to $155,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Iowa Falls is $169,450, while the average sale price is $172,347, offering insights into the local housing market. On average, multi-family homes spend 59 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 Iowa Falls, IA.

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