Iowa River, IA Multifamily Homes & Duplexes for Sale

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  /2

  $239,900

  • 4 Beds
  • 2 Baths
  • 912 Sq Ft

  1213 Bowler St, Hiawatha, IA 52233

  Long term tenants, on a month to month lease currently. Property being sold as is. Newer roof in 2020/2021, updated windows on the sides and back, updated vinyl siding on the dwelling. Please read disclosure for other items to be completed on the garage and reach out to the list agent if you have any questions..

  Alicia Porter RE/MAX Concepts

  

  1213 Bowler St, Hiawatha, IA 52233
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  /6

  $5,250,000

  • 10,895 Sq Ft

  3701 Eastbrook St, Iowa City, IA 52245

  3701 Eastbrook St in Iowa City is a 2 – building, 18–Unit property with 3.5 acres of developed land and4.01 acres of excess undeveloped land located on theeast side of Iowa City. The excess land is approvedfor an additional 86 units. The property is currentlyrented by the unit, and features three different floorplans: 6 - 1 bed / 1 bath, 4 - 2 bed / 2 bath & 8 - 3bed / 2 bath. The buildings were

  Tiffany Earl-Williams SKOGMAN REALTY COMMERCIAL

  3701 Eastbrook St, Iowa City, IA 52245
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  /26

  $725,000

  • 8 Beds
  • 4 Baths
  • 2,244 Sq Ft

  504 2nd Ave, Coralville, IA 52241

  6-plex Multi-family building with excellent rental history. 5 units are 748sf with 2 bdrm/1 bath and one off-street parking space. 1 Unit is 1 Bdrm/1 bath with several large closets. Close to IRL, U of I Hospitals and Kinnick as well as many restaurants, coffee shops and just a hop away from two major interstates. Close proximity to bus lines as well.

  Monica Hayes Lepic-Kroeger, REALTORS

  

  504 2nd Ave, Coralville, IA 52241
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  /12

  $1,800,000

  • 4,357 Sq Ft

  611 Johnson St, Waterloo, IA 50702

  This is the kind of asset every investor is looking for—24 fully occupied, low-maintenance units in a prime Waterloo location. Located at 611 & 619 Johnson Avenue, this multifamily package features two 12-unit buildings, each comprised entirely of 2 bed / 1 bath units with in-unit laundry—a key amenity that drives tenant demand and reduces turnover. Each unit is individually metered, with

  Tyler Rasmussen EPM, Iowa

  611 Johnson St, Waterloo, IA 50702
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  /3

  $124,900

  • 868 Sq Ft

  424 W 9th St, Cedar Falls, IA 50613

  Cedar Falls duplex on a corner lot close to downtown area! This is a highly desired side-by-side duplex with 2 bedrooms and 1 bath on one side and 3 bedrooms and 1 bath on the other. Great for investment or primary residence with a separate suite. Separate water and furnace, plus central air on one side. Roof has been recently replaced and aluminum siding is in great shape. Amazing

  Derick Rogers Realty ONE Group Movement

  424 W 9th St, Cedar Falls, IA 50613
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  /17

  $6,500,000

  6620 Preston Terrace Ct SW, Cedar Rapids, IA 52404

  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

  6620 Preston Terrace Ct SW, Cedar Rapids, IA 52404
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  /24

  $120,000

  • 6,908 Sq Ft

  115 S Irons St, Keswick, IA 50136

  Live, Work, and Invest—All in One! Unlock the potential of this unique mixed-use property that offers a rare blend of commercial space and residential income! The main level has been used as a fully equipped meat locker—all equipment conveys with the sale. With its open layout and solid construction, the space could also be ideal for retail, storage, or a new entrepreneurial venture. Upstairs,

  Heather Marek Homegirl Realty

  115 S Irons St, Keswick, IA 50136
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  /30

  $272,500

  • 1,950 Sq Ft

  1202 Burnett Ave, Ames, IA 50010

  Old world charm meets modern convenience in this thoughtfully designed duplex in the heart of Ames. Walkable to medical facilities, downtown, this well cared for duplex boasts a solid rental history, a current LOC, full occupancy, and a host of updates that make for a turnkey investment. 1202 has two bedrooms and two bathrooms and an additional non conforming attic space. 1204 has two

  Alison Doyle RE/MAX REAL ESTATE CENTER

  1202 Burnett Ave, Ames, IA 50010
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  /48

  $8,800,000

  • 6 Beds
  • 4 Baths
  • 17,280 Sq Ft

  307 S Linn St Unit 60 units, Iowa City, IA 52240

  60 Multifamily units for sale with 2 - 2,500sqft commercial space and 36 paid underground parking spaces in the heart of Downtown Iowa City. There are 2 towers that have 30 units each in total there are 54 - 2 bedroom, 1bath units - And 6 - 1 bedroom, 1 bath units. This unique property has 6 different floor plans. Top floor units have vaulted ceilings with some units that have a spiral

  Mitch Price Urban Acres Real Estate

  

  307 S Linn St Unit 60 units, Iowa City, IA 52240
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  /20

  $265,000

  • 7 Beds
  • 3 Baths
  • 2,020 Sq Ft

  711 S 1st St, Guttenberg, IA 52052

  Investment, Income Property, 3 unit tri-plex with 3 full time tenant. Unit#3 -Main Floor unit is 3 bedrooms, full bath, Large living room, separate kitchen and dining rooms, front entrances room (w) main floor laundry hookups, full bath and basement access. Unit #1 is 2 bedroom unit with open living room, kitchen and dining area, large full bath and laundry included. This unit has been totally

  Daniel Parker Parker Realty

  711 S 1st St, Guttenberg, IA 52052
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  /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
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  /15

  $1,175,000

  • 16 Beds
  • 8 Baths
  • 8,586 Sq Ft

  645 S Lucas St, Iowa City, IA 52240

  Each unit in this 8 plex has 4 beds and 2 baths. Total rents are $10,350 for the 24-25 term, some vacancies remain for the 25-26 term. Large concrete parking lot in rear of building.

  Jeff Edberg Lepic-Kroeger, REALTORS

  

  645 S Lucas St, Iowa City, IA 52240
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  /10

  $165,000

  • 1,176 Sq Ft

  201 W Main St Unit 1, Steamboat Rock, IA 50672

  Welcome to this charming two-story home, perfectly situated on a generous double lot totaling 0.38 acres! This versatile property offers fantastic options for living, having been thoughtfully converted into a duplex or easily reverted back to a single-family residence. Each unit features two spacious bedrooms and a full bathroom, providing ample space for relaxation and privacy. The inviting

  Gabby Mitchell Oakridge Real Estate

  201 W Main St Unit 1, Steamboat Rock, IA 50672
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  /40

  $309,500

  • 8 Beds
  • 4 Baths
  • 1,149 Sq Ft

  2503 Olive St, Cedar Falls, IA 50613

  Located just one block from UNI campus, this investment property generates consistent revenue! All units are well-maintained with recent updates. Offering two three-bedroom units and two one-bedroom units, this versatile complex provides options for all students. All four units have dishwasher, stove, and refrigerator. On-site laundry available for tenants to use with coins. Walking distance to

  Mike Taylor Lockard Realty Company

  2503 Olive St, Cedar Falls, IA 50613
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  /10

  $1,300,000

  • 7 Beds
  • 5 Baths
  • 6,512 Sq Ft

  711 E Burlington St, Iowa City, IA 52240

  INVESTOR ALERT! 10 unit apartment building for sale on University of Iowa Campus & Downtown Iowa City! Fully leased with student housing! This property has a mix of Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom and 4 Bedroom apartments. Off Street parking lot! Onsite laundry room! Tenants pay all utilities! All showings are subject to Tenants rights need at least 24 hour notice to show.

  Tracy Barkalow Barkalow & Associates, Realtors

  

  711 E Burlington St, Iowa City, IA 52240
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  /38

  $580,000

  • 6 Beds
  • 5 Baths
  • 2,489 Sq Ft

  924 Elmridge Dr, Cedar Falls, IA 50613

  This duplex presents a unique opportunity! Custom built in 2006, this owner-occupied property offers comfortable living at 924 Elmridge Dr. with an income producing rental attached at 3814 Eastpark Rd. Use the smaller side for a rental or a multi-generational set-up. The entire property is "For Sale" as one purchase. Pulling into the driveway of 924 Elmridge Drive you will be "wowed" with the

  Bryn Mangrich Oakridge Real Estate

  924 Elmridge Dr, Cedar Falls, IA 50613
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  /6

  $220,000

  • 2 Beds
  • 2 Baths
  • 696 Sq Ft

  721 Olive St, Cedar Falls, IA 50613

  Fully rented multi-unit property in a prime Cedar Falls location — just minutes from the college campus and vibrant downtown living. This well-maintained duplex features two 1 bed, 1 bath units. The upstairs unit is currently rented at $900/month, while the downstairs brings in $924/month. Strong rental history and excellent proximity to UNI make this a turnkey opportunity for steady cash flow!

  Nicolas Moran Realty ONE Group Movement

  721 Olive St, Cedar Falls, IA 50613
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  /23

  $174,900

  • Studio
  • 2 Baths
  • 1,524 Sq Ft

  601 N 1st St, Indianola, IA 50125

  Excellent investment opportunity near Simpson College and Indianola Square! This income-producing property features two fully rented units. The main-level unit offers 2 bedrooms, 1 bath, a large kitchen, spacious living room, and basement access. The second level unit includes 1 bedroom and 1 bath. Both units have in-unit laundry, providing added convenience for tenants. Oversized lot that

  Misty Darling BH&G Real Estate Innovations

  601 N 1st St, Indianola, IA 50125
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  /5

  $223,000

  • 1,080 Sq Ft

  603 Iowa St, Cedar Falls, IA 50613

  Investment Opportunity! Duplex in Prime Cedar Falls Location – Walk to Downtown! This property is currently under lease for $1,650 a month so there is room to raise rents in the future. The current renter recently resigned a year lease so no need to find new tenants right away! Don't miss this rare opportunity to own a duplex just steps from vibrant downtown Cedar Falls! This versatile

  Blake Keating AWRE - Commercial & Development

  603 Iowa St, Cedar Falls, IA 50613
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  /5

  $339,900

  • Studio
  • 4 Baths
  • 2,492 Sq Ft

  1240 32nd St, Des Moines, IA 50311

  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

  1240 32nd St, Des Moines, IA 50311
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  /12

  $140,000

  • 2,224 Sq Ft

  518 Central Ave E, Hampton, IA 50441

  Fully rented house converted to four 1 bedroom apartments. The leases are all month to month and one renter has been there for over 10 years. The roof was replaced 2 years ago. Owner pays water, garbage, and gas while renters pay electricity.

  Kent Mollenbeck Staley Real Estate

  518 Central Ave E, Hampton, IA 50441
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  /18

  $100,000

  • 2 Beds
  • 1,068 Sq Ft

  1103 Jefferson St, Waterloo, IA 50702

  Turnkey triplex in Waterloo, Iowa – vacant and ready for tenants! Live in one unit and rent out the others. Separate electric and gas meters. Previously rented for $2,000/month when fully occupied. Opportunity for extra income with laundry

  Jared Hottle Berkshire Hathaway Home Services One Realty Centre

  1103 Jefferson St, Waterloo, IA 50702
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  /8

  $210,000

  • 2,479 Sq Ft

  731 5th Ave, Marion, IA 52302

  1 stall garage

  Darin Garman HEARTLAND INVESTMENT REAL ESTATE, LLC

  731 5th Ave, Marion, IA 52302
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  /15

  $246,000

  • 5 Beds
  • 3 Baths
  • 1,653 Sq Ft

  1003 Bluff St, Cedar Falls, IA 50613

  Fantastic investment opportunity within walking distance of Main St. Cedar Falls! Main floor includes 4 beds and 2 baths, ample sized living room, kitchen with oven/stove, refrigerator, and dishwasher. Upstairs has 1 bed and 1 bath, kitchen with oven/stove & refrigerator, and includes washer/dryer in the unit. This property also boasts an oversized, detached 2-stall garage. Great duplex to add to

  Greg Schneider Fischels Residential Group

  1003 Bluff St, Cedar Falls, IA 50613
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  /15

  $475,000

  • Studio
  • 7 Baths
  • 3,174 Sq Ft

  732 19th St, Des Moines, IA 50314

  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

  732 19th St, Des Moines, IA 50314
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  /38

  $592,900

  • 6 Beds
  • 6 Baths
  • 546 Sq Ft

  214 N Francis St, Cedar Falls, IA 50613

  **Investors Dream: Modern Duplex in Cedar Falls!** Introducing a fantastic investment opportunity in Cedar Falls! This super clean duplex, built in 2018, features spacious 3 bedrooms and 3.5 baths on each side, making it perfect stylish living space. Currently rented through early summer 2026 at $1,800 per side, this property offers instant revenue with reliable tenants already in place. Each

  Sara Wegmann Oakridge Real Estate

  214 N Francis St, Cedar Falls, IA 50613
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  /10

  $145,000

  • 1,960 Sq Ft

  728 4th Ave SE, Cedar Rapids, IA 52401

  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

  728 4th Ave SE, Cedar Rapids, IA 52401
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  /11

  $165,000

  • 2,040 Sq Ft

  317 8th St SE, Cedar Rapids, IA 52401

  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

  317 8th St SE, Cedar Rapids, IA 52401
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  /5

  $270,000

  • 1,816 Sq Ft

  911 Lafayette St Unit 913, Waterloo, IA 50703

  Don’t miss this exceptional opportunity to own a fully occupied, income-producing fourplex, just minutes from downtown Waterloo’s vibrant shopping, dining, and amenities. Each of the four 2-bedroom, 1-bath units offers approximately 900 sq. ft. of living space. Significant capital improvements have already been completed, making this a strong investment option: Updated LVP flooring in multiple

  Brandie White Berkshire Hathaway Home Services One Realty Centre

  911 Lafayette St Unit 913, Waterloo, IA 50703
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  /12

  $260,000

  • Studio
  • 2 Baths
  • 2,550 Sq Ft

  1418 8th St, Des Moines, IA 50314

  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

  1418 8th St, Des Moines, IA 50314
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  /25

  $185,000

  • 2,776 Sq Ft

  1249 3rd Ave SE, Cedar Rapids, IA 52403

  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

  1249 3rd Ave SE, Cedar Rapids, IA 52403
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  /25

  $235,000

  • Studio
  • 2 Baths
  • 2,422 Sq Ft

  124 E Olinda Ave, Des Moines, IA 50315

  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

  124 E Olinda Ave, Des Moines, IA 50315
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  /20

  $5,650,000

  • 8 Beds
  • 4 Baths

  902 N Dodge St, Iowa City, IA 52245

  Investor Alert! 41 Apartments in Iowa City Iowa For Sale! Prime Location On University of Iowa Campus! Great Rental History! Updated Apartments Including New Kitchen Cabinets with Stainless Appliances! Updated Bathrooms, Updated White Doors & Trim! Onsite Laundry! Tenants Pay All Utilities! Great Location Walkable To Downtown Iowa City & Easy Access to University of Iowa Campus! On Bus Routes!

  Tracy Barkalow Barkalow & Associates, Realtors

  

  902 N Dodge St, Iowa City, IA 52245
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  /2

  $139,000

  • 1,070 Sq Ft

  406-408 Gladys St, Waterloo, IA 50702

  Investor and home renovator opportunity here! This home is ready to reno! This home was previously a duplex and could still be, but is also in the process of being converted into a single family home. Newer Windows and doors, new siding, two new fuse boxes, and new electrical ran through half the house. Come take a look at a great project home! Sold AS-IS

  Justin Finn Four Seasons Realtors Inc

  406-408 Gladys St, Waterloo, IA 50702
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  /20

  $179,500

  • 1,890 Sq Ft

  1213 11th St, Marion, IA 52302

  Duplex in a great location in Marion, Detached 3 Stall Garage individually rented. Both units updated prior to recent leases with new flooring and paint. New Roof put on in 2022. Unit 1 Rents for $1035 through April 2026, Unit 2 Rents for $725 July 2026. Garages rent for $65 each, month to month. Room for Rent increases for units and garages. Tenants pay all utilities. Owner selling As-Is,

  Bryant Nicholson Affinity Real Estate Services

  1213 11th St, Marion, IA 52302
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  /4

  $215,000

  • 6 Beds
  • 4 Baths
  • 2,299 Sq Ft

  809 17th St SE, Cedar Rapids, IA 52403

  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

  

  809 17th St SE, Cedar Rapids, IA 52403
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  /4

  $295,000

  • Studio
  • 6 Baths
  • 4,233 Sq Ft

  717 Franklin Ave, Des Moines, IA 50314

  This cash-flowing 6-unit property features flexible month-to-month tenants and currently generates $3,850 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

  717 Franklin Ave, Des Moines, IA 50314
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  /14

  $250,000

  • 2,006 Sq Ft

  206 1/2 E Church St, Gilman, IA 50106

  This 4 plex is nestled in the quiet little town of Gilman. Each unit has 2 bedrooms, a full bathroom, a living room, an eat-in dining room and a kitchen with laundry hookups. The two bottom apartments have walkout patios and the two upstairs have back balcony's. The 4 plex itself sits on just an acre with an additional acre to the south. This acre could be developed into another quadplex, storage

  Penny Gable TurnKey Realty LLC

  206 1/2 E Church St, Gilman, IA 50106
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  /20

  $69,500

  • 5,325 Sq Ft

  317 Main St, Clutier, IA 52217

  This is a great opportunity to own a duplex that has potential for very good return. There is a main floor apartment that has two bedrooms and one bath. There is an upstairs apartment that could have 3 bedrooms and one bath. There is also a garage that can be rented. Could use some paint, floor coverings and a few updates and then would make 2 nice rentals. Should give a buyer a nice ROI.

  David Wrage Wrage Realty

  317 Main St, Clutier, IA 52217
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  /10

  $275,000

  • Studio
  • 4 Baths
  • 1,536 Sq Ft

  4665 E Oakwood Dr, Pleasant Hill, IA 50327

  Well maintained duplex in Pleasant Hill situated in an excellent location on a quiet street close to schools, churches, and stores. Each unit has 3 bedrooms, two bedrooms on the main with a full bath. One unit has an additional bedroom and full bath on the lower level. One unit has a lower level kitchenet and non-conforming bedroom with 3/4 bath on the lower. Both units have a walkout lover

  June Mackay Stevens Realty

  4665 E Oakwood Dr, Pleasant Hill, IA 50327

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