Iowa River, IA Multifamily Homes & Duplexes for Sale

• 

  

  

  /35

  $825,000

  • 7,848 Sq Ft

  3212 Wilson Ave SW, Cedar Rapids, IA 52404

  Nice SW 10 plex on Wilson Ave SW near Westdale. 6 2-bedroom and 4-1 bedroom apartments. 10 garages. Kitchens are complete with stoves, referigators, and dishwashers. Each unit has window/wall A/C units. Two laundry rooms, each with a coin operated washer and dryer. Good rental history. Boiler is 5 years old. All new windows in 2025.

  Diona Carpenter SKOGMAN REALTY

  3212 Wilson Ave SW, Cedar Rapids, IA 52404
• 

  

  

  /15

  $234,000

  • Studio
  • 2 Baths
  • 1,408 Sq Ft

  349 E Rose Ave, Des Moines, IA 50315

  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

  349 E Rose Ave, Des Moines, IA 50315
• 

  

  

  /38

  $117,000

  • 1,350 Sq Ft

  1016 Pearl St, Grinnell, IA 50112

  PRICE REDUCE!!! Live in one side and rent the other. Easy living. Looking for an affordable rental property. 2 Units each with 1 bedroom 1 full bath, kitchen and living room. North unit has been totally remolded Kitchen, bath, flooring paint and trim. North side has not been rented since it was remodeled rent on North side would be $700.00 a month. South unit was rented for $650.00 in 2025

  Robin Marcinik Grinnell Realty LLC

  1016 Pearl St, Grinnell, IA 50112
• 

  

  

  /7

  $525,000

  • 24 Beds
  • 12 Baths
  • 10,774 Sq Ft

  207 E Wate St, Wilton, IA 52778

  This 12 plex building has a good rental income in a nice area of Wilton. Close to School, Park and 2 blocks from downtown. Replaced in 2025: Roof that is visible on the 3rd floor, shingles have transferable warranty, installed by Meza Construction. Replaced in the last 10 years: 6 Furnaces, 4 Central Air units, 9 water heaters. Annual Gross Income: $84,600. Current Rate of Return: 14.2% SEE

  Daniel Oien FIRST CHOICE REAL ESTATE

  207 E Wate St, Wilton, IA 52778
• 

  

  

  /25

  $255,000

  • 1,144 Sq Ft

  2404 Olive St, Cedar Falls, IA 50613

  Large duplex close to UNI campus with great rental history and appeal. Both units are very large and have many updates. Fresh paint and new flooring enhance the appeal for prospective tenants. Gross rents are $2300 per month and tenants pay all utilities. Tons of paved off street parking and plenty of upside in rent rates. This property may also be sold in a package with other listings located

  Bond Shymansky Skogman Realty

  2404 Olive St, Cedar Falls, IA 50613
• 

  

  /20

  $280,000

  • 1,154 Sq Ft

  1113 Rainbow Dr, Waterloo, IA 50701

  Great cash flow rental property located in quiet neighborhood in west Waterloo. TWO separate duplexes on the property create a combined gross rent of $2825 per month. The house is split into two units, a two bedroom on the first floor and a one bedroom on the upper floor. The newer duplex building situated in the back part of the property was constructed as a duplex and both units are one bed one

  Bond Shymansky Skogman Realty

  1113 Rainbow Dr, Waterloo, IA 50701
• 

  

  /12

  $94,900

  • 869 Sq Ft

  507 King St, Fayette, IA 52142

  Start your investment portfolio or add to it with this income-generating duplex in Fayette! Both units are two bedrooms & one bath. The yard offers space to play or relax and the deck gives you the option for morning coffee or early evening meals. An oversized 34' x 28' garage is located at the back of the property and has a bath and workshop. There is also convenient parking in the front and

  Tade Kerndt Viking Realtors

  507 King St, Fayette, IA 52142
• 

  

  /17

  $190,000

  • 1,000 Sq Ft

  1316 Main St, Cedar Falls, IA 50613

  Great investment in prime location on Main St in Cedar Falls. Fully rented duplex with strong rental history. Brand new roof, fresh paint and updates to the upper unit. Long term main floor tenant. Tenants pay all their own utilities. Gross rents for both units are $1700 a month. This property may also me purchased as part of a group of properties owned by the same LLC. Other properties are

  Bond Shymansky Skogman Realty

  1316 Main St, Cedar Falls, IA 50613
• 

  

  /20

  $235,000

  • 1,000 Sq Ft

  2415 Olive St, Cedar Falls, IA 50613

  Classic three story rental duplex located right next to UNI campus. Strong rental history with current tenants. Tenants pay all utilities. Gross rents are currently $2,150 per month. Many improvements inside and out. New exterior stairs for both units, fresh paint in the upper unit, and new water heater. The first level unit has 2 beds and 1 bath, with in unit washer and dryer. The upper

  Bond Shymansky Skogman Realty

  2415 Olive St, Cedar Falls, IA 50613
• 

  

  /29

  $270,000

  • 2 Beds
  • 2 Baths
  • 1,472 Sq Ft

  415 Church St, Iowa City, IA 52245

  New Price on this great opportunity to invest in this charming home with character to spare! Leases signed until end July 2026 & extra parking income too. History is key in this cute & functional home close to downtown Iowa City with many stories to tell since it is part of the original town of Iowa City.... Large yard surrounds this sunny up/down duplex. Tenant pays utilities - gas & electric

  Kathryn Fobian Edge Realty Group

  

  415 Church St, Iowa City, IA 52245
• 

  

  /12

  $1,165,000

  • 8 Beds
  • 4 Baths
  • 930 Sq Ft

  350 Cayman St, Iowa City, IA 52245

  What an opportunity! Eight unit building that are condos - property tax savings and ability to sell individually! Built by owner in 1993 and managed by same. No sprinkler system and no fireplaces. Building has SIX total garages of varying sizes. Two would fit three cars. Many recent updates include: nearly all lights replaced in unit and halls with LED. All flooring in units have been replaced

  Le Ann Dunne Lepic-Kroeger, REALTORS

  

  350 Cayman St, Iowa City, IA 52245
• 

  

  /19

  $699,000

  • 8 Beds
  • 8 Baths
  • 1,904 Sq Ft

  826 Page St, Iowa City, IA 52240

  GREAT investment property just south of downtown area with easy access. Built by owner in 1983 on a quiet tree-lined street. Four units on two parcels (826-828: 1015180003 and 832-834:1015180004). One unit (834) has had a high-end remodel in recent years including wood floors in the kitchen, living room and hallway. Tile in the bathrooms and carpet in the bedrooms. Stainless steel appliances.

  Le Ann Dunne Lepic-Kroeger, REALTORS

  

  826 Page St, Iowa City, IA 52240
• 

  

  /4

  $247,000

  • Studio
  • 1 Bath
  • 1,408 Sq Ft

  3025 E Douglas Ave, Des Moines, IA 50317

  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

  3025 E Douglas Ave, Des Moines, IA 50317
• 

  

  /4

  $247,000

  • Studio
  • 1 Bath
  • 1,408 Sq Ft

  3019 E Douglas Ave, Des Moines, IA 50317

  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

  3019 E Douglas Ave, Des Moines, IA 50317
• 

  

  /28

  $130,000

  • 2,480 Sq Ft

  369 15th St SE, Cedar Rapids, IA 52403

  Great investment opportunity! Check out this upper/lower duplex with many updates. Both units are vacant so you can interview and choose your own tenants. Lower Unit is 2 Bedroom. Upper Unit is 3 Bedroom. NEW ROOF on the property. New flooring in areas of each unit, Updated or refreshed cabinets. Updated bathrooms. New vinyl windows installed with existing updated windows in the units. Tenants

  Tracy Engelbart REAL ESTATE AMERICA, INC.

  369 15th St SE, Cedar Rapids, IA 52403
• 

  

  /4

  $138,000

  • 2,435 Sq Ft

  1604 5th Ave, Grinnell, IA 50112

  Come see this large tri-plex income property, located just six blocks from Grinnell College. Nestled in a residential area, the home consists of rental units in the lower level, main floor and the second story. The top floor unit provides three bedrooms, the main level has two bedrooms and the lower level has one bedroom. Tenants appreciate having a nice front deck and a very large backyard. The

  Dedee Lehman All In Real Estate Inc

  1604 5th Ave, Grinnell, IA 50112
• 

  

  /11

  $80,000

  • 4 Beds
  • 2 Baths
  • 1,064 Sq Ft

  73 Lafayette St, Waterloo, IA 50703

  Duplex for sale. 2 bedroom, 1 bath units, very spacious and kept in great condition. Great investor property. Come check it out and you will be very satisfied.

  Abigail Matamoros Berkshire Hathaway Home Services One Realty Centre

  73 Lafayette St, Waterloo, IA 50703
• 

  

  /8

  $165,000

  • 2,748 Sq Ft

  1416 3rd Ave SE, Cedar Rapids, IA 52403

  4-Plex Alert! A rare opportunity to own a charming and income-generating 4-plex in one of Cedar Rapids’ most strategic and revitalized locations—close to the thriving MedQuarter district. Whether you’re a first-time buyer or looking to offset your mortgage with rental income, this property is a smart move.Featuring two spacious 1-bedroom units and two 2-bedroom units, this home offers flexibility

  Cindy Guckenberger Key Realty

  1416 3rd Ave SE, Cedar Rapids, IA 52403
• 

  

  /10

  $750,000

  • 9,154 Sq Ft

  3403 1st Ave SW, Cedar Rapids, IA 52405

  House Legal Description: EAST KENWOOD PARK W 40' STR/LB 16 1 Parcel Number for all 3 properties: 14113-26007-00000, 14113-26006-00000, 14113-26008-00000. Zoning for 3403, 3409 is traditional mixed-use center. Zoning for 114th 34th St Dr. SE is Suburban Residential Flex. All 3 Parcels are included in this listing. Redevelopment opportunity or investment income opportunity with great traffic counts

  Travis Burke Keller Williams Legacy Group

  3403 1st Ave SW, Cedar Rapids, IA 52405
• 

  

  /5

  $139,000

  • Studio
  • 2 Baths
  • 1,676 Sq Ft

  1503 Forest Ave, Des Moines, IA 50314

  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

  1503 Forest Ave, Des Moines, IA 50314
• 

  

  /18

  $288,000

  • 1,412 Sq Ft

  321 Clay St, Cedar Falls, IA 50613

  If you are looking for your next investment opportunity, then look no further. Check out this 4 unit complex just off of main street in Cedar Falls. This property features (3) one bedroom units, and (1) two bedroom unit. The many updates include new paint, new flooring, a newly added laundry room in the basement, and many more. Schedule your showing today to see this great complex!

  Tyler Bice Structure Real Estate

  321 Clay St, Cedar Falls, IA 50613
• 

  

  /9

  $1,375,000

  • 7 Beds
  • 4 Baths
  • 10,182 Sq Ft

  442 5th Ave SW, Cedar Rapids, IA 52404

  10-Unit multifamily residential investment sale opportunity - 6th Street Commons. This property, located just Southwest of Downtown Cedar Rapids, consists of 10 residential apartment units. Each unit has a washer and dryer, white appliances, central heat and AC and a balcony/patio. There is an exclusive parking field available for tenants and guests. The sale of 6th Street Commons includes a

  Craig Byers Q4 Real Estate

  

  442 5th Ave SW, Cedar Rapids, IA 52404
• 

  

  /23

  $2,300,000

  • Studio
  • 5,626 Sq Ft

  716 N Dubuque St, Iowa City, IA 52245

  Rare investment opportunity - 21 room boarding house currently leased to a fraternity, leased through the grand chapter. Tenant is responsible for all maintenance, except for boiler and roof. Boiler was replaced December 2024. Owner is responsible for up to $1,100 in utility expense, unless fully occupied - Currently at full occupancy. There are 6 years left on the 10-year Lease Agreement.

  Tyler Riddle Lepic-Kroeger, REALTORS

  

  716 N Dubuque St, Iowa City, IA 52245
• 

  

  /41

  $379,900

  • 2 Beds
  • 2 Baths
  • 2,250 Sq Ft

  328 N 6th St, Oskaloosa, IA 52577

  The transformation is amazing on this property!!! This South Duplex used to be the kitchen, restrooms and meeting rooms of the church. This beautiful space is now 2250sf of wow!! Open concept kitchen with granite and custom-made wood waterfall countertops. The white glass Samsung appliances are amazing. The tiled fireplace with waterfall mantle was custom made. The guest room has a large

  Ruthi Rogers Legacy Real Estate Group

  328 N 6th St, Oskaloosa, IA 52577
• 

  

  /46

  $339,900

  • 4 Beds
  • 2 Baths
  • 988 Sq Ft

  1339 Dolen Place, Iowa City, IA 52246

  Opportunity knocks with this duplex rental property fully leased through May 2026, rental permit and ready for new landlord. This property is apart of a 1031 exchange and has great rental history. The discerning investor will love the location and how close it is to the university of Iowa hospitals and clinics. Close to bus stop, shopping and parks. Great schools and yes close to I-80.

  Gwen Johnson Skogman Realty Co.

  

  1339 Dolen Place, Iowa City, IA 52246
• 

  

  /26

  $440,000

  • 6 Beds
  • 6 Baths
  • 1,210 Sq Ft

  1501 Watson Way, Parkersburg, IA 50665

  This is the INVESTMENT OPPORTUNITY you've been looking for! With a great incoming income, located in a prime Parkersburg neighborhood with views of the beautiful golf course. Each side boasts 3 bedrooms, 3 bathrooms, and plenty of living space, complete with modern, quality finishes and appliances. The outdoor space is ready for entertaining and relaxing, with a deck on each side and ample

  Tracy Mudd Vine Valley Real Estate

  1501 Watson Way, Parkersburg, IA 50665
• 

  

  /6

  $5,800,000

  • 6 Beds
  • 6 Baths
  • 22,860 Sq Ft

  329 12th Ave SE, Cedar Rapids, IA 52401

  329 on 12th is a Mixed-Use Investment opportunity located in the heart of the NewBo District in Cedar Rapids, Iowa. Built in 2017, this Class A Investment property consists of 20 market-rate residential apartment units and 9,398 SF of fully leased Commercial Office space. For more information about 329 on 12th or to schedule a showing, contact listing broker only. Confidentiality Agreement

  Craig Byers Q4 Real Estate

  

  329 12th Ave SE, Cedar Rapids, IA 52401
• 

  

  /31

  $675,000

  • Studio
  • 8 Baths
  • 8,631 Sq Ft

  2419 Cottage Grove Ave, Des Moines, IA 50311

  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

  2419 Cottage Grove Ave, Des Moines, IA 50311
• 

  

  /25

  $221,950

  • 2,143 Sq Ft

  425 27th Ave Unit 29, Amana, IA 52203

  Unique investment opportunity in the peaceful setting near the Amana Colonies Golf Course, one of Iowa's finest golf venues. Originally built as a stay and play unit now being used as a dual family residence. Most likely long term tenants. Each unit has 2 bedrooms and 2 baths a great view of the Iowa river valley and the Lilly lake. A recent assessment for the purpose of building reserves for

  Terry Knake SKOGMAN REALTY COMMERCIAL

  425 27th Ave Unit 29, Amana, IA 52203
• 

  

  /59

  $350,000 Open Wed 12PM - 2PM

  • 9,924 Sq Ft

  508 W Market St, Steamboat Rock, IA 50672

  Thriving Bar & Event Center with Multiple Income Streams! Step into a fantastic opportunity with this successful bar and event center in a prime location! Featuring over 9900 sq ft of space & 2 garages. This vibrant venue offers an operable bar that will remain open until the new owner takes over, ensuring a seamless transition and continuous income. The property features a bar and spacious

  Gabby Mitchell Oakridge Real Estate

  508 W Market St, Steamboat Rock, IA 50672
• 

  

  /11

  $3,685,000

  • 17 Beds
  • 16 Baths

  1559-1672 Ponds Edge, North Liberty, IA 52317

  Perfect investment for a builder or developer. The property for sale is 9 condominium rental homes and 27 undeveloped condo lots. Two condo buildings are built and there is a potential to build four more condo buildings. Existing condo units rent at approximately $2,000/month, request Proforma and Rent Roll from the Listing Agent. Approximately $2,430,000 for the 9 condo units ($270,000/unit) and

  Mark Lynch Skogman Realty Co.

  

  1559-1672 Ponds Edge, North Liberty, IA 52317
• 

  

  /17

  $200,000

  • Studio
  • 5 Baths
  • 2,709 Sq Ft

  1825 7th St, Des Moines, IA 50314

  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

  1825 7th St, Des Moines, IA 50314
• 

  

  /9

  $199,900

  • 1,880 Sq Ft

  407 2nd St, Malcom, IA 50157

  Very nice duplex located in Malcom near Interstate 80. Good rental income opportunity, as both units already have tenants. Each unit has two bedrooms and one bathroom. Schedule a private showing!

  Logan Baburek Four County Realty

  407 2nd St, Malcom, IA 50157
• 

  

  /13

  $1,650,000

  • Studio
  • 22 Baths
  • 10,038 Sq Ft

  1629 Sunset St, Grinnell, IA 50112

  Calling all Investors - Rare opportunity to acquire an Apartment Portfolio in Grinnell, IA! The portfolio has 22 multifamily and 3 commercial units. Downtown Main Street is 1 mixed-use building with 8 residential units and 3 commercial units. There are (2) 1 bedroom, (5) 2 bedroom, and (1) 3 bedroom residential units. Additionally, there are 3 commercial suites on the main floor. Coin Laundry is

  Bennett Wiltfang RE/MAX Partners Realty

  1629 Sunset St, Grinnell, IA 50112
• 

  

  /20

  $1,650,000

  • 408 Sq Ft

  211 Madison St, Waterloo, IA 50703

  Discover a lucrative investment opportunity with this 32-unit property in Waterloo. Ideal for investors seeking a stable income stream, this well-maintained complex offers spacious two-bedroom, one-bathroom units with full basements. 32 Rental Units: Solid history of 95%+ occupancy Two-Bedroom, One-Bathroom Units: Comfortable and practical layouts. Full Basements: Additional storage space for

  Tyler Rasmussen EPM, Iowa

  211 Madison St, Waterloo, IA 50703
• 

  

  /33

  $330,000

  • Studio
  • 5 Baths
  • 1,932 Sq Ft

  607 S 4th St, Knoxville, IA 50138

  Welcome to this exceptional duplex featuring spacious units in a quiet neighborhood. This well-maintained dwelling offers a fantastic opportunity for investors or homeowners looking to generate rental income. Each unit is designed for comfortable living with plenty of natural light and space , making it an attractive option for potential tenants. The property’s location offers a peaceful

  Sara Roberts Sundance Realty

  607 S 4th St, Knoxville, IA 50138
• 

  

  /7

  $184,900

  • Studio
  • 2 Baths
  • 2,214 Sq Ft

  1161 21st St, Des Moines, IA 50311

  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

  1161 21st St, Des Moines, IA 50311
• 

  

  /23

  $149,000

  • 2,090 Sq Ft

  312 S Brewer St, Manchester, IA 52057

  What is hot on the market these days? Yep rentals! This duplex has both units filled with long time renters that want to stay:) Beautiful lot great location close to all the amenities for every day life! Each unit has it's own utilities set up. Lets start building your house farming portfolio today!

  Susan Meyer EXIT Unlimited

  312 S Brewer St, Manchester, IA 52057
• 

  

  /15

  $23,500

  • 2 Beds
  • 2 Baths
  • 1,598 Sq Ft

  1401 14th Ave, Eldora, IA 50627

  This property is an excellent investment opportunity. It is set up as two independent one- bedroom units, each with separate electric, water/ water heaters, furnace, and central air. Main floor unit has full bath, upstairs has 3/4 bath. Both units have laundry hook-ups. This property sells as-is,and is in great shape for the money. Newer roof, water heaters, and most of the windows. Snatch up

  Dave Wiges McCord Insurance & Real Estate

  1401 14th Ave, Eldora, IA 50627
• 

  

  /10

  $3,000,000

  • Studio

  302 E Bloomington St, Iowa City, IA 52245

  Wonderful opportunity to own an iconic incomer/business property in NEAR NORTHSIDE Neighborhood of Iowa CIty. 2 long time commercial tenants, and 16 apartments. Always fully rented. Downtown location. PIZZA and LAUNDROMAT are Tenants and are NOT CLOSING!!! ** This property has recently been added to the Iowa CIty Historical list. A 'Historical Overlay' is now in place. This affords several

  Rex Brandstatter RE/MAX Affiliates

  

  302 E Bloomington St, Iowa City, IA 52245

Showing Results 121 - 160, Page 4 of 5