Iowa River, IA Multifamily Homes & Duplexes for Sale

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  /10

  $244,000

  • Studio
  • 2 Baths
  • 3,729 Sq Ft

  1527 Forest Ave, Des Moines, IA 50314

  Turnkey duplex opportunity at 1527 Forest Ave in Des Moines—perfect for investors! This solid brick and stucco property features two spacious 2-bed/1-bath units, both with original hardwood floors, updated electrical, and composite windows. Recent exterior upgrades include a brand-new roof, soffit, gutters, and fascia. Located directly across from a park on a corner lot, the property offers

  

  Eric Fitzgerald

  Keller Williams Realty GDM

  (515) 824-5822

  1527 Forest Ave, Des Moines, IA 50314
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  /47

  $295,000

  • 2,976 Sq Ft

  901 Main St, Grinnell, IA 50112

  Captivating historic downtown corner building with commercial space and two apartments located in the heart of Grinnell. Known as the Corrough Building this fine example of turn of the century commercial design features a delicate corner "oriel" denticulated cornice stone lintels above tall windows and a striking brick elevation with stone detailing on the primary facade. The building has served

  

  Matt Karjalahti

  RE/MAX Partners Realty, Grinnell

  (641) 346-4592

  901 Main St, Grinnell, IA 50112
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  /33

  $220,000

  • Studio
  • 3 Baths
  • 2,806 Sq Ft

  1513 Des Moines St, Des Moines, IA 50316

  Welcome to 1513 Des Moines Street, a prime multi-unit investment property in the heart of Des Moines. This 3-unit multiplex presents an excellent opportunity for investors seeking immediate rental income with built-in occupancy. Two of the three units are already filled, providing steady cash flow from day one. The property offers three distinct rental units, each with its own full bathroom. The

  

  Darson Grantham

  Keller Williams Realty GDM

  (515) 949-4562

  1513 Des Moines St, Des Moines, IA 50316
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  /7

  $185,000

  • 3,700 Sq Ft

  503 D Ave, Vinton, IA 52349

  Two separate buildings make up this 5 unit complex. The home has three units and the duplex is separate from the home and has a 2 stall garage. This property has long-term renters and income potential. Call Mike for details 319-560-1810

  

  Constance Barnes

  Barnes Real Estate

  (319) 658-5089

  503 D Ave, Vinton, IA 52349
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  /17

  $1,350,000

  • 7 Beds
  • 4 Baths
  • 13,248 Sq Ft

  120 32nd St NE, Cedar Rapids, IA 52402

  **Investment Property Available in Cedar Rapids** This multifamily complex comprises a total of 23 units: - 20 one-bedroom units - 1 two-bedroom unit - 1 three-bedroom unit - 1 efficiency unit Out of the 23 units, 10 have been fully remodeled within the past two years. The units occupied by long-term tenants remain untouched. The property is located in a great area with easy access.

  

  Matthew Lepic

  Lepic-Kroeger, REALTORS

  (319) 284-6177

  

  120 32nd St NE, Cedar Rapids, IA 52402
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  /19

  $3,850,000

  • 16,128 Sq Ft

  732,736,740 Michael St, Iowa City, IA 52246

  42 multifamily units are available, comprising 3 buildings with 14 units each. There are 36 one-bedroom, one-bath units and 6 studio units. The roofs were replaced in 2018, and various improvements have been made to the units, including new carpet, updated kitchens, and new tubs in many of the units. The property is conveniently located near UIHC and the West University of Iowa campus, within

  

  Matthew Lepic

  LEPIC-KROEGER CORRIDOR, REALTORS

  (319) 725-2048

  732,736,740 Michael St, Iowa City, IA 52246
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  /29

  $239,900

  • 2 Beds
  • 1,640 Sq Ft

  3303 - 3305 Randolph St St, Waterloo, IA 50702

  Location, Location, Location! This well-maintained side-by-side duplex offers a fantastic opportunity for owner-occupants or investors alike. Each unit features 2 bedrooms with beautiful oak hardwood flooring, complemented by newer vinyl flooring in the kitchens and hallways. Unit 3303 stands out with an additional 3⁄4 bath in the lower level, complete with a shower, vanity, and toilet, as well

  

  Karen Kayser

  RE/MAX Concepts - Waterloo

  (319) 408-8628

  3303 - 3305 Randolph St St, Waterloo, IA 50702
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  /13

  $158,000

  • 2,900 Sq Ft

  2 E Grant St, Marshalltown, IA 50158

  Welcome to your next investment opportunity—a beautiful two-family home nestled in the heart of historic Marshalltown. This spacious gem boasts nearly 1,400 sq ft and showcases the homes original character complete with stunning woodwork. Each unit features generous two-bedroom layouts, perfect for comfortable living or rental income potential. You will love the 2 stall attached garage, along

  

  Kajun Morris

  No Limits Real Estate

  (641) 934-3596

  2 E Grant St, Marshalltown, IA 50158
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  /23

  $119,900

  • 2,474 Sq Ft

  702 E Main St, Marshalltown, IA 50158

  Calling all landlords! Opportunity is knocking. This triplex is located on a nice corner lot and close to downtown. Main unit has spacious floor plan and 2 bedrooms. Upper two units are 1 bedrooms. Permanent siding and off-street parking! Property is being sold as is. Call today to schedule your tour!

  

  Kajun Morris

  No Limits Real Estate

  (641) 216-6441

  702 E Main St, Marshalltown, IA 50158
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  /14

  $159,900

  • 2 Beds
  • 2 Baths
  • 844 Sq Ft

  930 W 1st St, Cedar Falls, IA 50613

  Nice duplex in a convenient Cedar Falls location. This duplex has two 1 bedroom units consisting of a main floor unit and a 2nd floor unit. This property also features a two garage partitioned off to have individual stalls plus driveway parking. New furnaces in 2021. Take a look today!

  

  Carl Ericson

  Oakridge Real Estate

  (319) 456-4252

  930 W 1st St, Cedar Falls, IA 50613
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  /47

  $199,000

  • 3,154 Sq Ft

  1126 Broad St, Grinnell, IA 50112

  Just YARDS, STEPS, LITERAL FEET, from Grinnell College, this spacious two-story duplex offers over 3,100 square feet of opportunity in a prime rental location. Originally built in 1882, the home blends vintage charm with versatile functionality, making it a great fit for investors or anyone looking to add value over time. One unit is currently leased, providing immediate income, while the second

  

  Matt Karjalahti

  RE/MAX Partners Realty, Grinnell

  (641) 321-6947

  1126 Broad St, Grinnell, IA 50112
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  /13

  $465,000

  • 8 Beds
  • 4 Baths
  • 3,696 Sq Ft

  813 Westwinds Dr Unit 1-4, Iowa City, IA 52246

  This well-maintained 4-plex on the west side of Iowa City offers a strong foundation with room to grow. Each of the four units features 2 bedrooms and 1 bathroom with a functional layout, dedicated off-street parking, and in unit laundry. Historically, the property has seen very low vacancy rates due to proximity to the University of Iowa, UIHC, and convenient access to shopping, dining, and bus

  

  Teague Case

  Westwinds Real Estate Services, Inc.

  (319) 321-6824

  

  813 Westwinds Dr Unit 1-4, Iowa City, IA 52246
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  /19

  $199,000

  • 2,798 Sq Ft

  415 E Main St, Montezuma, IA 50171

  Looking for an investment property that cash flows almost immediately? Look no further. Located just a block from the Montezuma square this triplex is fully occupied. Monthly rent is currently $2,250 (Main level - 1 BR $650, 1 BR $700, Upper level - 3 BR $900). Tenants pay for their own utilities. The owner pays for mowing and snow removal. Parts of all three units have been updated within last

  

  Andy Erselius

  AE Realty, Inc

  (641) 653-6584

  415 E Main St, Montezuma, IA 50171
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  /9

  $254,000

  • Studio
  • 3 Baths
  • 2,140 Sq Ft

  2400 SE 8th St, Des Moines, IA 50315

  Investor opportunity in the heart of Des Moines! Located at 2400 SE 8th St, this multi-family property offers strong rental potential with three separate units—two 1-bed/1-bath units and one 2-bed/1-bath unit—spread across 2,140 sq ft of living space. The property has a masonry foundation, an unfinished basement for additional storage, and off-street parking potential. With each unit already

  

  Eric Fitzgerald

  Keller Williams Realty GDM

  (515) 800-8145

  2400 SE 8th St, Des Moines, IA 50315
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  /15

  $245,000

  • Studio
  • 3 Baths
  • 1,876 Sq Ft

  1208 West St, Des Moines, IA 50315

  This is a great turnkey rental property. Consists of a 964 sqft 2 bedroom raised ranch home with afinishable 3rd bedroom in the basement and a duplex each side consists of 1 bed 1 bath units. The single-family home does have a full basement with separate furnaces and a very nice two-car garage! Total rentis 2600 and Landlord pays for utilities. Both of the properties have a newer roof

  

  Darson Grantham

  Keller Williams Realty GDM

  (515) 436-4305

  1208 West St, Des Moines, IA 50315
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  /22

  $3,850,000

  • 3 Beds
  • 4 Baths
  • 8,064 Sq Ft

  732,736,740 Michael St, Iowa City, IA 52246

  42 multifamily units are available, comprising 3 buildings with 14 units each. There are 36 one-bedroom, one-bath units and 6 studio units. The roofs were replaced in 2018, and various improvements have been made to the units, including new carpet, updated kitchens, and new tubs in many of the units. The property is conveniently located near UIHC and the West University of Iowa campus, within

  

  Matthew Lepic

  Lepic-Kroeger, REALTORS

  (319) 220-3494

  

  732,736,740 Michael St, Iowa City, IA 52246
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  /35

  $300,000

  • Studio
  • 4 Baths
  • 3,200 Sq Ft

  931 High St, Grinnell, IA 50112

  Welcome to your next investment property in Grinnell! This side by side duplex is within one block of Grinnell College and will make a great addition to your portfolio. Each unit has 4 bedrooms and 2 bathrooms. Both of the units have a main floor bedroom with the remaining three bedrooms on the second floor. Each unit has a nice-sized kitchen and living room. There are full bathrooms on both

  Bennett Wiltfang RE/MAX Partners Realty

  931 High St, Grinnell, IA 50112
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  /32

  $172,000

  • 2,019 Sq Ft

  1202 Main St, Grinnell, IA 50112

  Welcome to your next investment property in Grinnell! This up and down duplex is within one block of Grinnell College and downtown Grinnell. Each 2 bedroom, 1 bathroom unit has a private exterior entrance. Both units have a nice-sized kitchen and living room. The kitchens and bathrooms of each unit have undergone some remodeling. The upstairs unit has fresh interior paint and laundry is located

  Bennett Wiltfang RE/MAX Partners Realty, Grinnell

  1202 Main St, Grinnell, IA 50112
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  /62

  $975,000

  • 5 Beds
  • 4 Baths

  1771 45th St, New Boston, IL 61272

  Located in northwestern Mercer County, this incredible acreage offers it all! Entering the property on the fully paved asphalt driveway, you'll be stunned at what awaits you at the top! Situated near the center of this 25-acre property sits an impressive 5 bedroom, 4 bathroom all-brick, ranch style home offering durability, elegance, bright natural light, and ample space for you and your guests!

  Brent Reneau Whitetail Properties Real Estate LLC

  1771 45th St, New Boston, IL 61272
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  /26

  $449,900

  • Studio
  • 6 Baths

  1372 E 12th St, Des Moines, IA 50316

  Great opportunity to invest in this Muti-use building 4 large units with three bedrooms each! The two units in the first level are vacant and contain 3 Beds, 2 bathrooms and Central air. One of the two apartments in the second level is occupied, rent is charged at $1500 type of leasing agreement is month to month. The other apartment is vacant. Rental certificate is being approved by the City of

  Julia Mena RE/MAX Concepts

  1372 E 12th St, Des Moines, IA 50316
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  /10

  $275,000

  • Studio
  • 7 Baths
  • 3,067 Sq Ft

  3101 Cottage Grove Ave, Des Moines, IA 50311

  Steps from Drake University and surrounded by ongoing neighborhood revitalization, 3101 Cottage Grove is primed for transformation. Currently a 7 unit building, it shines brightest as a candidate for conversion back to a stately single family home. The property sits within an InvestDSM program area making it eligible for grants, reimbursements, and low interest rehab loans plus NFC Advantage

  Sarah Kavalier LPT Realty, LLC

  3101 Cottage Grove Ave, Des Moines, IA 50311
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  /6

  $105,000

  • 3 Beds
  • 2 Baths
  • 976 Sq Ft

  102 South St, Waterloo, IA 50701

  Great investment opportunity! Lower unit features two bedrooms and one bathroom. Upstairs unit offers one bedroom and one bathroom.

  Leeann Sires EPM, Iowa

  102 South St, Waterloo, IA 50701
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  /18

  $700,000

  • 3,150 Sq Ft

  310 E 5th St, Huxley, IA 50124

  Calling all investors! Don't miss this opportunity to own 2 brick, cash flowing 4-plexes, side by side in the fast growing community of Huxley! All units are 2 bedroom, 1 bathroom & come with their own detached garages. Numerous updates include roofs on both buildings, LVP flooring in most units, some newer appliances & wall a/c units. Both are on efficient boiler heat with one being newer as

  Jason Miller Weichert, Realtors®-Miller & Clark Agency

  310 E 5th St, Huxley, IA 50124
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  /20

  $199,900

  • 5 Beds
  • 2 Baths
  • 1,190 Sq Ft

  526 W 8th St, Cedar Falls, IA 50613

  Check out this duplex right in the heart of Cedar Falls! Both units are currently rented, making it a great investment opportunity. Whether you’re thinking short-term rental, long-term rental, or even living in one side while renting out the other, this place gives you plenty of options.

  Bethany Benner Oakridge Real Estate

  526 W 8th St, Cedar Falls, IA 50613
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  /12

  $104,900

  • Studio
  • 2 Baths
  • 2,128 Sq Ft

  603 E Euclid Ave, Des Moines, IA 50313

  POTENTIAL UP-DOWN DUPLEX – Listed as a “conversion” on the assessor, this property is brimming with potential at a price point that makes sense. Bring your hard hat and imagination—this one’s ready for a fresh start and offers plenty of upside for investors or handy buyers. With great bones and endless possibilities, it’s the kind of project that could really pay off once given the love it

  Mitch Coluzzi Real Broker, LLC

  603 E Euclid Ave, Des Moines, IA 50313
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  /9

  $390,000

  • 1,994 Sq Ft

  1011 Hudson Ave, Iowa City, IA 52246

  Welcome to this charming 4-unit investment property in Iowa City! Just off HWY 1, minutes from U of I Hospitals, campus, and the interstate. Each unit offers 1 bed/1 bath with hardwood floors, granite countertops, and basement access. Walking distance to groceries, restaurants, and shopping—perfect for strong rental demand.

  Jeffrey Hagel Jeffrey Hagel

  1011 Hudson Ave, Iowa City, IA 52246
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  /31

  $399,900

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

  330 N 6th St, Oskaloosa, IA 52577

  One-of-a-kind home blends timeless character with modern luxury. Originally part of a historic church, this residence showcases soaring vaulted ceilings, expansive windows, and an open floor plan filled with natural light. Step inside to find a welcoming entry with built-in storage and a spacious living area highlighted by a stunning gas fireplace with 48x48 tile that reaches the ceiling. The

  Ruthi Rogers Legacy Real Estate Group

  330 N 6th St, Oskaloosa, IA 52577
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  /35

  $280,000

  • Studio
  • 3 Baths
  • 1,512 Sq Ft

  5802 SW 12th St, Des Moines, IA 50315

  Welcome to this all-brick ranch duplex! With a full-brick exterior that means low-maintenance living, this property is a true find. One side offers 3 bedrooms, 2 bathrooms, and a finished basement, while the other features 2 bedrooms and 1 bathroom-giving you tons of flexibility. Even better-this home has seen great updates, including updated electrical and a finished basement, making it move-in

  Jordon Vivanh RE/MAX Concepts

  5802 SW 12th St, Des Moines, IA 50315
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  /50

  $200,000

  • 5 Beds
  • 4 Baths
  • 3,199 Sq Ft

  325 E Main St, Washington, IA 52353

  Fully rented triplex close to downtown featuring a new roof (2021), two furnaces (2019), and freshly repainted exterior. The upstairs 3-bedroom unit renting for $1,050 has been updated with a new kitchen, LVP flooring throughout, and in-unit laundry. The two main-level units rent for $775, and $625.

  Mike Pilarczyk Keller Williams Legacy Group

  

  325 E Main St, Washington, IA 52353
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  /20

  $259,900

  • Studio
  • 2 Baths
  • 1,856 Sq Ft

  1064 27th St, Des Moines, IA 50311

  Exciting investment opportunity in the heart of the Drake area! This well-cared-for up-down duplex at 1064 27th offers versatile layouts and great rental potential. The main floor unit features 2 bedrooms, 1 bath, central AC, spacious living areas, and beautiful wood floors. The upper unit includes 2 bedrooms plus a 3rd bedroom/office area, 1 bath, and window unit cooling—perfect for flexible use

  Ryan Rohlf Keller Williams Legacy Group

  1064 27th St, Des Moines, IA 50311
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  /37

  $475,000

  • 2,500 Sq Ft

  513 Sugar Creek Ln, North Liberty, IA 52317

  Incredible opportunity for investors or owner-occupants. This well-designed duplex offers two separate units with individual utilities, making it perfect for generating rental income or living in one side while renting the other. Each unit features a spacious primary suite with walk-in closet, a second main-level bedroom and full bath, a cozy gas fireplace, and convenient main-floor laundry.

  Alison Taylor Key Realty

  513 Sugar Creek Ln, North Liberty, IA 52317
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  /27

  $3,295,000

  • Studio
  • 43 Baths
  • 13,090 Sq Ft

  3500 Grand Ave, Ames, IA 50010

  Incredible investment opportunity in Ames, Iowa, a thriving college town with strong rental demand and easy accessibility to the Iowa State University campus. This property includes 43 total units across two well-maintained buildings, offering a desirable mix of 22 two-bedroom units and 21 one-bedroom units. Each unit features a full bath along with a refrigerator, stove, and dishwasher.

  Ethan Hokel Century 21 Signature

  3500 Grand Ave, Ames, IA 50010
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  /4

  $648,000

  • Studio
  • 9 Baths

  1113 21st Street None, Des Moines, IA 50311

  4) 2BR/1BA Units5) 1BR/1BA Units100% OccupiedAVG In place rents - $6942BR/1BA Market Rent - $8551BR/1BA Market Rent - $785Opportunity for investors to implement RUBS and increase rental income day 1.

  Ross Quintero Stanbrough Realty Company

  1113 21st Street None, Des Moines, IA 50311
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  /5

  $864,000

  • Studio
  • 12 Baths

  1411 22nd Street None, Des Moines, IA 50311

  12) 2BR/1BA UnitsNew Roof (2021)All Windows have been replacedBoiler and Water Heater (2018/2020)LVP in Common Areas and 85% of all units.AVG In Place Rents - $754Market Rents - $850 + RUBSOpportunity for investors to Implement RUBS and increase rental income day 1.

  Ross Quintero Stanbrough Realty Company

  1411 22nd Street None, Des Moines, IA 50311
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  /5

  $216,000

  • Studio
  • 3 Baths

  1337 24th St None, Des Moines, IA 50311

  Fully Occupied Tri-Plex Opportunity. No owner utilities. Fully occupied on MTM leases with upside in raising rents. Located just 2 blocks from Drake University

  Ross Quintero Stanbrough Realty Company

  1337 24th St None, Des Moines, IA 50311
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  /4

  $864,000

  • Studio
  • 12 Baths

  1340 23rd Street None, Des Moines, IA 50311

  12) 2BR/1BA UnitsLVP in Common Areas and 85% of units.New Boiler (2020)New Roof (2021)Water heater replaced (2023)AVG in place rents - $762.50Market Rent - $850 + RUBSOpportunity to implement RUBS and increase rental income day 1.

  Ross Quintero Stanbrough Realty Company

  1340 23rd Street None, Des Moines, IA 50311
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  /4

  $576,000

  • Studio
  • 8 Baths

  1332 23rd Street None, Des Moines, IA 50311

  8) 2BR/1BA UnitsAVG In Place Rents - $768Market Rent - $850 + RUBSLVP in common areas and units.New Water Heater (2023)New Roof (2021)Vinyl Windows across all units.Opportunity to implement RUBS and increase rental income day 1.

  Ross Quintero Stanbrough Realty Company

  1332 23rd Street None, Des Moines, IA 50311
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  /9

  $725,000

  • Studio
  • 11 Baths

  1710 Oakland None, Des Moines, IA 50314

  In Place Cap Rate - 9.35%Rental Assistance CoC - 13.10%Market Rents Cap Rate - 8.42%Market Rents CoC - 9.35%High Efficiency Boiler (2024)Water Heaters (2022)Updated Plumbing9) 2BR/1BA Units2) 1BR/1BA Units90% of units feature LVP and fresh paint.

  Ross Quintero Stanbrough Realty Company

  1710 Oakland None, Des Moines, IA 50314
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  /35

  $200,000

  • Studio
  • 4 Baths
  • 3,264 Sq Ft

  1604 16th St, Des Moines, IA 50314

  Income-Producing 4-Unit Multi-Family in Des Moines! Ideally located just minutes from downtown Des Moines and steps from public transportation, this clean, well-maintained four-plex is a turnkey investment. The building offers two two-bedroom, one-bath units and two three-bedroom, one-bath units , all with a current rental certificate—an excellent opportunity for investors or live-in

  Angela Ousley Zealty Home Advisors

  1604 16th St, Des Moines, IA 50314
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  /4

  $864,000

  • Studio
  • 12 Baths

  1359 24th St None, Des Moines, IA 50311

  12) 2BR/1BA UnitsLVP in Common Areas and 100% of units.AVG in Place Rents - $758Market Rents - $825 + RUBSNew Roof (2021)Vinyl Windows

  Ross Quintero Stanbrough Realty Company

  1359 24th St None, Des Moines, IA 50311

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