Iowa 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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  /21

  $295,000

  • Studio
  • 2 Baths
  • 1,914 Sq Ft

  1308 Idaho Ave, Ames, IA 50014

  Great opportunity for investment or house hacking! Side by side duplex with each side consisting of 2 bedrooms and a full bathroom with in-unit laundry on the 2nd floor and a living room, dining area, and kitchen on the main floor! Spacious backyard area and attached 1 car garage for your vehicle! Newer roof and siding! All information obtained from seller and public records.

  

  Chris Kew

  RE/MAX Precision

  (515) 808-7240

  1308 Idaho Ave, Ames, IA 50014
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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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  /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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  /2

  $260,000 Coming Soon

  • 6 Beds
  • 2,442 Sq Ft

  2103 E Lombard St, Davenport, IA 52803

  Coming Soon! Don't miss out on this one. Beautiful all brick duplex in a great location! Two very large units with hardwood floors. Both units have 3 bedrooms,1 bath, a a fireplace. Fenced yard, lower unit has a nice deck and there is a patio. Detached 2 car garage. Plenty of on and off street parking. Separate gas and electric. Owner only pays water, sewer, trash, recycling, lawn care and snow

  

  Jesse Hammes

  Cornerstone Partners QC - Real Broker, LLC

  (563) 204-8765

  

  2103 E Lombard St, Davenport, IA 52803
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  /6

  $119,700

  • 4 Beds
  • 2,650 Sq Ft

  409 E 14th St, Davenport, IA 52803

  Nice up and down duplex with 100% separate utilities. Super low owner expenses. Exterior is virtually maintenance free. Large units approximately 1300 square feet each. Both units have their own laundry rooms. First floor unit has two full baths and access to the walkout basement. Upper unit has central air. Main level unit has window ac units. Great investment opportunity or owner occupy and

  

  Jesse Hammes

  Cornerstone Partners QC - Real Broker, LLC

  (563) 726-6181

  

  409 E 14th St, Davenport, IA 52803
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  /3

  $195,000

  • 6 Beds
  • 2,088 Sq Ft

  5436 N Division St, Davenport, IA 52806

  Great opportunity on this fully occupied, turn key investment. Property features 3 br, 1.5 ba, separately metered, laundry hook ups, deck. Could be packaged with 5524, 5510, and 5516. Per seller siding 2024, roof 2024, furnaces 2020 and 2023, interior remodel 2021 and 2023. 48 hour notice to show.

  

  Mike Pezley

  RE/MAX Concepts Bettendorf

  (563) 661-5372

  

  5436 N Division St, Davenport, IA 52806
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  /18

  $182,000

  • 6 Beds
  • 2,124 Sq Ft

  5510 N Division St, Davenport, IA 52806

  Great opportunity on a 3 br side by side duplex. Both units currently vacant, easy to show. Could be a great owner occupied opportunity. Property features 3 BR, 1.5 BA, separately metered, laundry hook-ups and a deck. Could be packaged with 5524, 5436, and 5516.

  

  Mike Pezley

  RE/MAX Concepts Bettendorf

  (563) 334-1837

  

  5510 N Division St, Davenport, IA 52806
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  /2

  $182,000

  • 6 Beds
  • 2,124 Sq Ft

  5516 N Division St, Davenport, IA 52806

  Great opportunity on separately metered 3 br side by side duplex. Tenants have been here since 2021 and 2022. Seller states roof 2023 and HVAC 2023. could be packaged with 5510, 5524, 5436.

  

  Mike Pezley

  RE/MAX Concepts Bettendorf

  (563) 500-1761

  

  5516 N Division St, Davenport, IA 52806
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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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  /10

  $210,000

  • Studio
  • 3 Baths
  • 1,964 Sq Ft

  1206 39th St, Des Moines, IA 50311

  $2636 per month Gross rent. Currently 2 long term leases and 1 furnished short term rental. This is a prime rental property in a sought-after Des Moines neighborhood just west of the Drake University Campus. The property comes with a renewed rental license. A new roof was installed in 2021, providing peace of mind for years to come. Unit 1 and Unit 2 have had updates in the past 2

  

  Darson Grantham

  Keller Williams Realty GDM

  (515) 642-3342

  1206 39th St, Des Moines, IA 50311
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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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  /14

  $69,700

  • 6 Beds
  • 2,052 Sq Ft

  1919 N Sturdevant St, Davenport, IA 52804

  Side by side townhouse style 2 story duplex. All separate utilities. One side sustained significant fire damage. The other side needs a paint and floor covering remodel. Great opportunity to build some equity and cash flow. Permits with City of Davenport will be required. Property is being sold as is where is. Co-list agent licensed in Iowa and Illinois Michael Ingleby is an owner of the

  

  Jesse Hammes

  Cornerstone Partners QC - Real Broker, LLC

  (563) 785-5877

  

  1919 N Sturdevant St, Davenport, IA 52804
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  /59

  $700,000

  • 4 Beds
  • 3.5 Baths
  • 1,565 Sq Ft

  29224 Westview Dr, Moravia, IA 52571

  A majestic view of beautiful Lake Sundown with 1.75 surveyed acres. The acreage includes a custom 4 Bedroom, 3.5 bath home with nearly 2,600 square feet of finished living space. When you first enter this Lake Sundown home you will immediately be drawn to the open floor plan and cabin charm, large vaulted ceilings, with a wall of glass looking out to the lake. The main floor includes a large

  

  Jason Kok

  Lake Homes And Farms Realty

  (641) 216-6753

  29224 Westview Dr, Moravia, IA 52571
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  /59

  $750,000

  • 4 Beds
  • 2.5 Baths
  • 3,500 Sq Ft

  27664 450th St, Moravia, IA 52571

  Welcome to your luxury barndominium lodge-nearly 14 acres of secluded paradise featuring a private, stocked pond, food plots for wildlife, and exclusive access to Sundown Lake. This one-of-a-kind property boasts a true chef's kitchen outfitted with a premium Wolf and Sub-Zero appliance package, stunning quartz surfaces throughout, and three-zone in-floor heating for personalized comfort. Built to

  

  Jason Kok

  Lake Homes And Farms Realty

  (641) 334-4889

  27664 450th St, Moravia, IA 52571
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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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  /12

  $415,000

  • Studio
  • 10 Baths

  206 and 212 NW Walnut St, Bridgewater, IA 50837

  This well-maintained multifamily property features a 4-unit and 6-unit brick apartment complex on a spacious 0.83-acre lot. The portfolio includes eight 2-bedroom units and two 1-bedroom units, offering stable income with a strong 10% cap rate. Recent upgrades include newer roofs, soffit, fascia, gutters, 31 new windows, and the removal of five trees for improved property aesthetics. Units have

  

  Stephen Patel

  Pella Real Estate Services

  (641) 847-5172

  206 and 212 NW Walnut St, Bridgewater, IA 50837
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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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  /122

  $39,000

  • 3,104 Sq Ft

  311 E Joy St, Red Oak, IA 51566

  Investor Special - 4-Plex with Huge Potential!Fantastic opportunity to restore and revitalize this classic 4-plex! Each unit offers 1 bedroom, 1 bathroom, a dedicated dining and living room area, plus a separate kitchen and bath. All units include two points of access, adding convenience and flexibility for tenants.This property is a true diamond in the rough - perfect for an investor looking to

  

  Lisa Pringle

  Better Homes and Gardens Real Estate The Good Life Group

  (712) 423-6377

  311 E Joy St, Red Oak, IA 51566
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  /32

  $45,000

  • 3,118 Sq Ft

  903 Avenue D, Fort Madison, IA 52627

  Charming 2-Story Duplex with Original Details + 3-Car Garage – Income Potential! This classic two-story duplex is full of character, featuring original hardwood floors, rich woodwork, and timeless details throughout. Each unit offers a great layout with tons of potential. The home needs some TLC, but the charm is undeniable and the bones are solid. A spacious 3-car detached garage adds value and

  

  Melissa Schwenker

  Ruhl & Ruhl, REALTORS

  (319) 500-4035

  903 Avenue D, Fort Madison, IA 52627
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  /29

  $395,000

  • 2 Beds
  • 2 Baths
  • 1,561 Sq Ft

  17327 Bucktail Ln, Moravia, IA 52571

  Nestled in the desirable Bucktail Subdivision near beautiful Rathbun Lake, this stunning 1.5-story home is a rare find. Built in 2010 and situated on approximately .94 acre in the picturesque Bucktail Subdivision near Lake Rathbun. More acreage could be negotiated for the right offer. The home itself offers 2 bedrooms and 2 full bathrooms plus loft, blending comfort with character. Step inside

  

  Jason Kok

  Lake Homes And Farms Realty

  (641) 401-1484

  17327 Bucktail Ln, Moravia, IA 52571
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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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  /18

  $475,000

  • 12 Beds
  • 8 Baths
  • 9,214 Sq Ft

  1806 Main St, Gowrie, IA 50543

  Quiet Cove: This well-maintained 11-unit property is a great investment with 10 one-bedroom units and one two-bedroom unit in excellent condition. Currently, all but two units are rented, and those can be shown anytime! Situated on over an acre of land, the property offers plenty of space and convenience for tenants. Additional amenities include a storage/conference room (18x14), a community

  

  Jeremiah Condon

  Kesterson Realty Inc

  (515) 676-4915

  1806 Main St, Gowrie, IA 50543
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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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  /44

  $599,900

  • 3 Beds
  • 3 Baths
  • 1,432 Sq Ft

  15300 Big Buck Run, Moravia, IA 52571

  Located on a beautiful mostly wooded 4+ acre lot is this 5 bedroom (2 would be non-conforming because no second egress), 3 full bath home only a short distance from your boat slip on Sundown Lake. Upon entering this Lake home you will immediately be drawn to the open floor plan and cabin charm. Vaulted pine ceilings with large accent beams give you that lake cabin "up north" home

  

  Jason Kok

  Lake Homes And Farms Realty

  (641) 932-6409

  15300 Big Buck Run, Moravia, IA 52571
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  /12

  $279,900

  • 5 Beds
  • 2,532 Sq Ft

  706 Myatt Dr Unit A & B, Maquoketa, IA 52060

  If you are a serious investor, you will certainly want to take advantage of this opportunity. this is an excellent income producing ranch, side by side duplex, in a great location, close to Maquoketa country club. These are very nice, well maintained units. This is a "must see" opportunity in a nice neighborhood.

  

  Phil Bousselot

  Associated Real Estate Counselors DeWitt

  (563) 655-4926

  

  706 Myatt Dr Unit A & B, Maquoketa, IA 52060
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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

  

  Connie 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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  /43

  $499,000 Open House 10/03

  • 4 Beds
  • 3.5 Baths
  • 2,283 Sq Ft

  605 202nd St, Milford, IA 51351

  Nestled in the highly sought-after Nature Trails community, this 4-bedroom, 4-bathroom home offers an unbeatable location and exceptional features. Just steps from the association pool, adjacent to a serene walking trail, and bordered by a state park on one side and a picturesque pond on the other, this newly constructed duplex is the perfect retreat. Inside, you'll find stunning vaulted wood

  

  Aaron Jones

  RE/MAX Lakes Realty

  (712) 227-7131

  605 202nd St, Milford, IA 51351
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  /35

  $290,000

  • 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

  $162,000

  • 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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  /41

  $143,610

  • 2 Beds
  • 1 Bath
  • 960 Sq Ft

  130 4th St, Lake View, IA 51450

  THE PRICE LISTED IS NOT THE ASKING PRICE, IT IS THE CURRENT ASSESSED VALUE. The property will sell at a timed online only auction that ends on Sunday, October 12th at 5:30 PM CST! This 2 bedroom 1.5 bathroom ranch style home enjoys a great location in Lake View. Watch for more upcoming information regarding this auction!

  Jim Green Green Real Estate & Auction Co.

  130 4th St, Lake View, IA 51450
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  /2

  $200,000

  • 2,403 Sq Ft

  2768 Jackson St, Dubuque, IA 52001

  Investor alert! Duplex with off Street parking. 1-2 bedroom unit, 1 4 bedroom unit. units have laundry hook ups and upper unit has central air. New water lines to the building.

  Pamela Helmer Ruhl & Ruhl Realtors

  2768 Jackson St, Dubuque, IA 52001
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  /3

  $450,000

  • 4,322 Sq Ft

  2575 Jackson St, Dubuque, IA 52001

  Investor alert! 5 plex with large backyard and off street parking. 3-2 bedrooms and 1-3 bedroom unit. Just added new water lines to the building.

  Pamela Helmer Ruhl & Ruhl Realtors

  2575 Jackson St, Dubuque, IA 52001
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  /5

  $190,000

  • 1,536 Sq Ft

  614 Lincoln Ave, Dubuque, IA 52001

  Investor alert! Duplex with 2-2 bedroom units. All electric building. 4 garages and large lot with additional off street parking.

  Pamela Helmer Ruhl & Ruhl Realtors

  614 Lincoln Ave, Dubuque, IA 52001
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  /2

  $275,000

  • 3,614 Sq Ft

  1930 Jackson St, Dubuque, IA 52001

  Invester Alert! Tri plex fully rented. Convenient location. 2-3 Bedroom, 1 2 bedroom. All units have central Air. Off street parking

  Pamela Helmer Ruhl & Ruhl Realtors

  1930 Jackson St, Dubuque, IA 52001
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  /3

  $400,000

  • 4,112 Sq Ft

  1477 Locust St, Dubuque, IA 52001

  Investor alert! 5plex with 1-4 bed, 2 bath unit with laundry hook ups & central air. 2-1 bed units and 2-2 bedroom units. Centrally located lots of off street parking.

  Pamela Helmer Ruhl & Ruhl Realtors

  1477 Locust St, Dubuque, IA 52001
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  /2

  $200,000

  • 2,112 Sq Ft

  2605 White St, Dubuque, IA 52001

  Investor Alert! Fully rented duplex each 3 bedroom unit has laundry hook ups.

  Pamela Helmer Ruhl & Ruhl Realtors

  2605 White St, Dubuque, IA 52001

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