Iowa River, IA Multifamily Homes & Duplexes for Sale

• 

  

  

  /18

  $249,900

  • Studio
  • 2 Baths
  • 1,408 Sq Ft

  930 Emma Ave, Des Moines, IA 50315

  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

  930 Emma Ave, Des Moines, IA 50315
• Selling your home? Sell it faster and for more with a Homes.com Boost.

  Learn More
• 

  

  

  /18

  $289,900

  • 1,008 Sq Ft

  1328-1330 Delta Dr, Cedar Falls, IA 50613

  Fantastic investment or house-hack opportunity in Cedar Falls! Conveniently located just off Hudson Road and close to UNI, Main Street, and the 1st Street shopping corridor, this side-by-side duplex is fully rented and well-positioned for strong rental demand. Each spacious unit offers 3 bedrooms and 2 bathrooms, plus a functional layout that feels like a single-family home. Tenants enjoy a nice

  Jared Hottle Berkshire Hathaway Home Services One Realty Centre

  1328-1330 Delta Dr, Cedar Falls, IA 50613
• 

  

  

  /35

  $215,000

  • 6 Beds
  • 3 Baths
  • 2,524 Sq Ft

  203 E Ash St, Winfield, IA 52659

  Step into the charm of the early 1900s with this spacious 2,000+ sq ft property on over a quarter of an acre. Currently configured as a triplex—with a 2 bed/1 bath unit, a 3 bed/1 bath unit, and a studio apartment, each with their own kitchen and laundry—it could easily be converted back into a stunning 4-bedroom, 2-bath single-family home by simply opening a few doors. Original wood floors and

  Gwen Johnson Skogman Realty Co.

  

  203 E Ash St, Winfield, IA 52659
• 

  

  

  /18

  $185,000

  • Studio
  • 2 Baths
  • 2,544 Sq Ft

  1429 Martin Luther King jr Pkwy, Des Moines, IA 50314

  Discover the potential in this Des Moines multifamily property, Perfect for investors and flippers alike. This property features two units. A cozy-2-bedroom, 1-Bathroom unit complete with its own kitchen and living area. Ideal for singles, couples, or as a rental unit. Another spacious 3-bedroom, 1- bathroom unit, also equipped with a private kitchen and living area. Perfect for families or

  Amanda Welch RE/MAX Concepts

  1429 Martin Luther King jr Pkwy, Des Moines, IA 50314
• 

  

  

  /39

  $460,000

  • 8 Beds
  • 4 Baths
  • 2,740 Sq Ft

  2431 Catskill Ct, Iowa City, IA 52245

  Excellent investment/income property available in a quiet neighborhood. The seller has made numerous improvements/updates since purchasing the property and both units are truly ready to be rented immediately. New AC and furnace in both units July 2022. Great rental history for both units. Lots of living space in a very popular 2-story layout, with generous-sized bedrooms, a living room and family

  Shaner Magalhaes Urban Acres Real Estate Corridor

  

  2431 Catskill Ct, Iowa City, IA 52245
• 

  

  /37

  $329,900

  • 8 Beds
  • 3 Baths
  • 3,502 Sq Ft

  710 Kirkwood Ave, Iowa City, IA 52240

  2 Houses on One Lot! Larger house is currently a up/down duplex with but could easily be changed back into 6 bedrooms home! Upper unit has 4 bedrooms, 1 bath, kitchen and dining area. Lower level unit has 2 bedrooms and 1 bath, kitchen and hardwood floors throughout. 2,422 square feet w/shared washer and dryer included. Blue Cottage house, 1,080 square feet, includes spacious living room, 2

  Tracy Adams Edge Realty Group

  

  710 Kirkwood Ave, Iowa City, IA 52240
• 

  

  /28

  $185,000

  • 2,130 Sq Ft

  139 32nd St NE, Cedar Rapids, IA 52402

  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

  139 32nd St NE, Cedar Rapids, IA 52402
• 

  /2

  $135,000

  • Studio
  • 1,949 Sq Ft

  1420 10th St, Des Moines, IA 50314

  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

  1420 10th St, Des Moines, IA 50314
• 

  

  /5

  $260,000

  • Studio
  • 2,491 Sq Ft

  1514 Harrison Ave, Des Moines, IA 50314

  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

  1514 Harrison Ave, Des Moines, IA 50314
• 

  

  /5

  $265,000

  • Studio
  • 2,851 Sq Ft

  3900 11th St, Des Moines, IA 50313

  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

  3900 11th St, Des Moines, IA 50313
• 

  

  /8

  $300,000

  • Studio
  • 2,738 Sq Ft

  1071 22nd St, Des Moines, IA 50311

  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

  1071 22nd St, Des Moines, IA 50311
• 

  

  /6

  $300,000

  • Studio
  • 3,132 Sq Ft

  2130 Drake Park Ave, Des Moines, IA 50311

  This cash-flowing 5-unit property features flexible month-to-month tenants and currently generates $3,525 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

  2130 Drake Park Ave, Des Moines, IA 50311
• 

  

  /7

  $300,000

  • Studio
  • 3,812 Sq Ft

  1079 22nd St, Des Moines, IA 50311

  This cash-flowing 6-unit property features flexible month-to-month tenants and currently generates $4,185 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

  1079 22nd St, Des Moines, IA 50311
• 

  

  /8

  $300,000

  • Studio
  • 4,244 Sq Ft

  1083 22nd St, Des Moines, IA 50311

  This cash-flowing 6-unit property features flexible month-to-month tenants and currently generates $5,100 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

  1083 22nd St, Des Moines, IA 50311
• 

  

  /13

  $360,000

  • Studio
  • 3,892 Sq Ft

  2023 University Ave, Des Moines, IA 50311

  This cash-flowing 4-unit property features flexible month-to-month tenants and currently generates $3,260 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

  2023 University Ave, Des Moines, IA 50311
• 

  

  /7

  $275,000

  • Studio
  • 2,914 Sq Ft

  1908 7th St, Des Moines, IA 50314

  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

  1908 7th St, Des Moines, IA 50314
• 

  

  /3

  $499,900

  • Studio
  • 6 Baths
  • 4,269 Sq Ft

  686 19th St, Des Moines, IA 50314

  Discover this historic 6-plex in the heart of Des Moines’ sought-after Sherman Hill neighborhood. Built in 1913, this NX2A-zoned multifamily property blends classic charm with modern updates. Currently 100% occupied, it offers both immediate cash flow and strong long-term upside. Each of the six units features comfortable layouts and updated amenities, designed to meet the expectations of today’s

  Joe Hand Keller Williams Realty GDM

  686 19th St, Des Moines, IA 50314
• 

  /2

  $295,000

  • 6 Beds
  • 4 Baths
  • 1,536 Sq Ft

  2102 10th Street Place, Coralville, IA 52241

  Fully rented duplex property in Coralville. Both leases run through 7/24/26. Some defferred maintnenace but an opportunity for a potential investor to purchase at a price to cash flow and make those repairs. Tenants rights, minimum 24-hour notice to show.

  Mike Bails Urban Acres Real Estate Corridor

  

  2102 10th Street Place, Coralville, IA 52241
• 

  

  /26

  $1,160,000

  • Studio
  • 2.5 Baths
  • 4,935 Sq Ft

  1330, 1336, 1342, 13 E 28th St, Norwalk, IA 50211

  This newly constructed 3-plex offers an excellent investment opportunity with three well-designed, 1,645 SF units. Each 2-story unit includes 3 bedrooms, 2.5 baths, and an attached 2-car garage. The main floor features an open layout with Quartz countertops, tile backsplash, island, corner pantry, stainless steel appliances, and luxury vinyl plank flooring. Upstairs, enjoy a spacious primary

  Kalen Ludwig Peoples Company

  1330, 1336, 1342, 13 E 28th St, Norwalk, IA 50211
• 

  

  /13

  $1,415,000

  • 18,092 Sq Ft

  725 Spring St, Grinnell, IA 50112

  Excellent investment opportunity in Grinnell, Iowa—this portfolio of 12 rental homes offers consistent rental income, strong occupancy, and solid growth potential. Located in established neighborhoods near schools, parks, and downtown, these properties are ideal for investors looking to expand or start a rental portfolio. The following Poweshiek County Parcels are included in the sale: 0725000;

  Bennett Wiltfang RE/MAX Partners Realty, Grinnell

  725 Spring St, Grinnell, IA 50112
• 

  

  /11

  $69,900

  • 3,256 Sq Ft

  321 N C St, Oskaloosa, IA 52577

  Prime Investment Opportunity! Unlock multiple income streams with this 4-unit apartment building. Offering a total of 3,256 sq ft, the property features tall ceilings, a metal roof, and a front porch. A 680 sq ft detached garage provides additional storage or potential rental income. Whether you’re a seasoned investor or just starting your portfolio, this property is ready for you! The property

  Katlyn Jones Legacy Real Estate Group

  321 N C St, Oskaloosa, IA 52577
• 

  

  /24

  $210,000

  • Studio
  • 2 Baths
  • 2,112 Sq Ft

  402 W Ashland Ave, Indianola, IA 50125

  24-hour notice to show is required. A lockbox will by front door, one key for the upstairs and one for the main level. Entrance to the basement is from the door directly across the front door. Upstairs Tenant signed new lease in May 2025. Current lease is a 12 month lease, with a 1 month termination clause. Tenant parking is located in the alley behind the home. There is also street parking. New

  Kasey Kliegl RE/MAX Concepts

  402 W Ashland Ave, Indianola, IA 50125
• 

  

  /3

  $55,000

  • 793 Sq Ft

  114 Allen St, Waterloo, IA 50701

  Great cash flow on this duplex! Fully occupied and ready to go! Downstairs unit is a 1 bedroom, and the back/upstairs is a 2 bedroom

  Lindsey Bierman Epique Realty

  114 Allen St, Waterloo, IA 50701
• 

  /2

  $70,000

  • 768 Sq Ft

  206 Randolph St, Waterloo, IA 50701

  Great cash flow on this duplex! Fully occupied and ready to go! Downstair is a 2 bedroom, and the upstairs is a 1 bedroom

  Lindsey Bierman Epique Realty

  206 Randolph St, Waterloo, IA 50701
• 

  

  /15

  $575,000

  • 6 Beds
  • 5 Baths
  • 4,189 Sq Ft

  2215 250th St, Washington, IA 52353

  Rare opportunity to own a fully rented 6-unit multifamily property in a prime location—directly behind the Washington County Fairgrounds! Built in 1952 with 4,189 total square feet, this apartment complex includes six units (numbered 2 through 7) featuring a mix of 1- and 2-bedroom layouts. Unit 2: 2 bed/1 bath. Unit 3: 2 bed/2 bath. Units 4 & 5: 1 bed/1 bath. Unit 6: 2 bed/1 bath, no living room

  Peter Schwartz Ruhl&Ruhl, Realtors

  

  2215 250th St, Washington, IA 52353
• 

  

  /5

  $149,900

  • 4 Beds
  • 2 Baths
  • 1,664 Sq Ft

  311 N Avenue C, Washington, IA 52353

  Unique duplex investment opportunity in Washington! This property features two separately metered units, both with private entrances on the front of the home. Unit 1 is a 3-bedroom, 1-bath layout located entirely on the main floor, with access to a small unfinished basement. Unit 2 opens to a main-level entryway and living space, with the kitchen, bedroom, and bathroom located upstairs. Both

  Peter Schwartz Ruhl&Ruhl, Realtors

  

  311 N Avenue C, Washington, IA 52353
• 

  

  /30

  $145,000

  • 2,077 Sq Ft

  1608 B Ave NE, Cedar Rapids, IA 52402

  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

  1608 B Ave NE, Cedar Rapids, IA 52402
• 

  

  /9

  $299,900

  • Studio
  • 5 Baths
  • 3,544 Sq Ft

  2812 Brattleboro Ave, Des Moines, IA 50311

  Welcome to 2812 Brattleboro a prime income-producing 5-unit multiplex perfect for both seasoned investors and those just entering the rental market with updated rental certificate! Priced competitively and with a recently renewed rental certifcate, this property offers immediate cash flow with significant upside potential. Each unit offers its own unique layout and charm in a one bed and one

  Jim Hibbs LPT Realty, LLC

  2812 Brattleboro Ave, Des Moines, IA 50311
• 

  

  /28

  $425,000

  • 8 Beds
  • 4 Baths
  • 3,024 Sq Ft

  115 N Iowa St, Keota, IA 52248

  Solid investment opportunity in Keota! This fully occupied fourplex features four 2-bedroom, 1-bath units, each with a living room, dining area, in-unit laundry, private utility room, and both front and back entrances. Built in 1968 and situated on a large 0.68-acre lot, there’s plenty of space to build an additional fourplex (or more), pending city approval. Each unit currently rents for

  Peter Schwartz Ruhl&Ruhl, Realtors

  

  115 N Iowa St, Keota, IA 52248
• 

  

  /32

  $439,900

  • Studio
  • 7 Baths
  • 4,637 Sq Ft

  648 19th St, Des Moines, IA 50314

  Charming 5 plex in the heart of Sherman Hill! This well kept 4,437 sqft building has five units, two (2bedroom 2 bath) units, two (1 bedroom 1 bath) units, and a unique large 1,000 sqft loft style 1 bathroom unit on the third floor. You're sure to love the charming features found in the units such as hardwood floors, arches, decorative fireplaces, large windows, and so much more! Perfect location

  Beth Ernst Keller Williams Realty GDM

  648 19th St, Des Moines, IA 50314
• 

  

  /42

  $159,900

  • 3,420 Sq Ft

  1318 14th Ave, Eldora, IA 50627

  Outstanding Fully Furnished Commercial Property for Sale in the business district of Eldora. Unlock the potential of this beautifully updated commercial property, perfectly designed for versatility and multiple income streams! Main Level Features: • Three professional office spaces, ideal for a variety of business needs. • A convenient bathroom and kitchen, ensuring functionality for your team

  Gabby Mitchell Oakridge Real Estate

  1318 14th Ave, Eldora, IA 50627
• 

  

  /36

  $385,000

  • 5 Beds
  • 5 Baths
  • 2,880 Sq Ft

  201 N Devoe St, Lone Tree, IA 52755

  Investment Opportunity. Downtown Lone Tree building has been rebuilt/repurposed as three rental units. Main level has large 2,000 sqft apartment with 3 bedrooms and 2 bathrooms. Main level also has separate 720 sqft commercial use space that can be used as an office space or combined as additional space with the other main floor unit. 2 bedroom 2 bath 1,800 sqft unit in the lower level. Large

  Teresa Morrow Blank & McCune Real Estate

  

  201 N Devoe St, Lone Tree, IA 52755
• 

  

  /37

  $279,900

  • 6,072 Sq Ft

  88 Eldene Ct, Evansdale, IA 50707

  Large side-by-side duplex offering 4 bedrooms per side with spacious units, updated kitchen and large bathrooms. Property sits on a slab on large lot. Great additional to your rental portfolio!

  Chris Fischels Fischels Commercial Group

  88 Eldene Ct, Evansdale, IA 50707
• 

  

  /16

  $462,500

  • 8 Beds
  • 4 Baths
  • 3,750 Sq Ft

  70 Circle Dr Unit 1, 2, 3, 6, 8, North Liberty, IA 52317

  Great investment opportunity with 5 (or potentially 6) 2 bedroom 1 bathroom condo units in the heart of North Liberty! Large windows in the living room offer a bright and relaxing feel. Kitchen boasts ample cabinetry, all appliances as well as a breakfast bar for convenience! Down the hall you will find two spacious bedrooms, laundry room with washer and dryer included and a full bathroom.

  Kari Juhl Lepic-Kroeger, REALTORS

  

  70 Circle Dr Unit 1, 2, 3, 6, 8, North Liberty, IA 52317
• 

  

  /32

  $265,000

  • 1,022 Sq Ft

  3116 Pocahontas Rd, Cedar Falls, IA 50613

  Great potential for an owner-occupied duplex or multi-generational family situation. Just a couple blocks from some amazing bike trails and parks. Great double garage for plenty of parking or storage. Corner lot in a peaceful neighborhood in north cedar. 1 Bedroom in upper unit and 3 in Lower unit but could be remodeled for more bedrooms if preferred.

  Bob Delveau Oakridge Real Estate

  3116 Pocahontas Rd, Cedar Falls, IA 50613
• 

  

  /10

  $215,000

  • Studio
  • 3 Baths
  • 1,621 Sq Ft

  1315 E 12th St, Des Moines, IA 50316

  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

  1315 E 12th St, Des Moines, IA 50316
• 

  

  /18

  $189,900

  • Studio
  • 3 Baths
  • 1,768 Sq Ft

  1642 E Grand Ave, Des Moines, IA 50316

  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

  1642 E Grand Ave, Des Moines, IA 50316
• 

  

  /36

  $369,900

  • 3,858 Sq Ft

  1132 Main St, Grinnell, IA 50112

  Discover this spacious and beautifully renovated four-square home, ideally located just a short walk from Grinnell College and downtown Grinnell. Perfect for students, faculty, or investors, this property offers a versatile living experience with four fully updated apartments. Historic Four-Square with spacious rooms, high ceilings, and timeless charm. Four Renovated Apartments each unit has

  Joyce Halblom TurnKey Realty LLC

  1132 Main St, Grinnell, IA 50112
• 

  

  /18

  $259,000

  • 3,100 Sq Ft

  780 Ryan Ave, Hiawatha, IA 52233

  Investor’s Dream! Fully Occupied Cash-Flowing Fourplex in Hiawatha. Don’t miss this rare opportunity to own a solid income-producing fourplex nestled on a quiet, tree-lined street in the heart of Hiawatha. This well-maintained property features four fully occupied units with long-term tenants in place, generating a steady $2,985/month in rental income. Whether you're a seasoned investor or just

  Jeremy Trenkamp Realty87

  780 Ryan Ave, Hiawatha, IA 52233
• 

  

  /3

  $390,000

  • 2,552 Sq Ft

  211 Fereday Ct, Waterloo, IA 50701

  ATTENTION INVESTORS!! Come look at this traditional 8 plex. Tired of only seeing cobbled up conversions! This one is for you. Plenty of opportunity here to grow your business. Rents are consistently over $4600.00 per month. Currently $4750.00 plus any pet rents. 8 one bed one bath units. Most of them have been freshly painted in the last 12 months and some have new flooring and minor

  James Snider Premier Farm Realty Group

  211 Fereday Ct, Waterloo, IA 50701

Showing Results 41 - 80, Page 2 of 5