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Iowa Multifamily Homes & Duplexes for Sale

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  • /2

    $64,900

    • 768 Sq Ft

    206 Randolph St, Waterloo, IA 50701

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

    Lindsey Bierman Epique Realty

    206 Randolph St, Waterloo, IA 50701
  • /5

    $165,000

    • 5 Beds
    • 4 Baths
    • 2,449 Sq Ft

    410 13th St, Sioux City, IA 51105

    Investor-Friendly Tri-Plex with Strong Cash Flow! Welcome to 410 13th Street—a tri-plex offering solid rental income and long-term potential. This property brings in $2,110 per month in gross rent, with tenants covering electric and gas through MidAmerican Energy, while the owner pays for water and garbage, keeping your expenses low and predictable. The building features three separate units:

    David Pepin United Real Estate Solutions

    410 13th St, Sioux City, IA 51105
  • /15

    $575,000

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

    2215 250th St, Washington, IA 52353

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

    Peter Schwartz Ruhl&Ruhl, Realtors

    2215 250th St, Washington, IA 52353
  • /5

    $149,900

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

    311 N Avenue C, Washington, IA 52353

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

    Peter Schwartz Ruhl&Ruhl, Realtors

    311 N Avenue C, Washington, IA 52353
  • /30

    $145,000

    • 2,077 Sq Ft

    1608 B Ave NE, Cedar Rapids, IA 52402

    Turnkey duplex opportunity in a NE neighborhood! This updated upper/lower duplex offers comfortable living and smart investment potential. Both units have been remodeled with modern finishes and comes fully occupied day one. Major Upgrades Include: New roof (2022), New mini-split heating & cooling systems (2022), New water heater (2022). Each unit features refreshed interiors and separate access

    Zack Phillips Pinnacle Realty LLC

    1608 B Ave NE, Cedar Rapids, IA 52402
  • /9

    $294,900

    • Studio
    • 5 Baths
    • 3,544 Sq Ft

    2812 Brattleboro Ave, Des Moines, IA 50311

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

    Jim Hibbs LPT Realty, LLC

    2812 Brattleboro Ave, Des Moines, IA 50311
  • /34

    $124,000

    • 4 Beds
    • 2,018 Sq Ft

    633 4th Ave S, Clinton, IA 52732

    Built in 1895, this well-maintained property has 4 bedrooms and 2 bathrooms. Currently configured as an upstairs/downstairs duplex with 2 bedrooms and 1 bath on each level. The home offers flexible living options; live in one unit and rent the other, or easily convert back to a spacious single-family residence with minimal modifications. The property includes a detached 3-car garage, with an

    Mara Barber Coldwell Banker Howes & Jefferies REALTORS

    633 4th Ave S, Clinton, IA 52732
  • /35

    $249,900

    • Studio
    • 5 Baths
    • 3,826 Sq Ft

    630 S Park St, Osceola, IA 50213

    Don't miss this fantastic investment opportunity in Osceola. This updated fourplex is ideal for both investors and owner-occupants looking to house hack. Two of the four units are leased through fall of 2026, providing immediate rental income, while the other two are recently updated and vacant-offering strong upside potential. The property features a mix of unit layouts, including a spacious

    David Rodriguez RE/MAX Precision

    630 S Park St, Osceola, IA 50213
  • /31

    $399,000

    2 Grand Ave, Spencer, IA 51301

    Mixed Use Commercial Property offers, Office, Retail, & Warehouse. Features 4200 sq ft of office / retail, 2000 sq ft of warehouse, a 28ft x 32ft detached garage & 7200 sq ft of off street private concrete parking all located on a 1/2-acre lot offering Grand Avenue frontage.

    Mark Hallett Realty Professionals

    2 Grand Ave, Spencer, IA 51301
  • /28

    $425,000

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

    115 N Iowa St, Keota, IA 52248

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

    Peter Schwartz Ruhl&Ruhl, Realtors

    115 N Iowa St, Keota, IA 52248
  • /32

    $439,900

    • Studio
    • 7 Baths
    • 4,637 Sq Ft

    648 19th St, Des Moines, IA 50314

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

    Beth Ernst Keller Williams Realty GDM

    648 19th St, Des Moines, IA 50314
  • /31

    $1,600,000

    • 24 Beds
    • 12 Baths
    • 8,670 Sq Ft

    2212 Okoboji Ave, Milford, IA 51351

    Exceptional investment opportunity on over an acre along Highway 71 with access from P Avenue on the east side. This versatile property features 10 fully occupied apartments with a strong rental history, plus 7 furnished dorm-style rooms offering excellent potential for Airbnb or short-term rentals. A 1,200 sq ft storage building is divided into 5 units with room for future expansion, and a

    Bridget Johnson NextHome at the Lakes

    2212 Okoboji Ave, Milford, IA 51351
  • /22

    $315,000

    541 Mill St, Council Bluffs, IA 51503

    Fully updated with New Windows, Roof, Siding, Electrical, Plumbing, HAVC. All units have been updated with new kitchens and bathrooms. Great opportunity for an owner-occupant or add to your portfolio. Property has been approved for FHA financing. One seller is a licensed real estate agent in Iowa.

    Alan Strong Real Broker NE, LLC

    541 Mill St, Council Bluffs, IA 51503
  • /42

    $159,900

    • 3,420 Sq Ft

    1318 14th Ave, Eldora, IA 50627

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

    Gabby Mitchell Oakridge Real Estate

    1318 14th Ave, Eldora, IA 50627
  • /22

    $205,000

    • 800 Sq Ft

    229 Main St, McGregor, IA 52157

    Free standing building with 2 apartments available both with balconies in downtown McGregor. This sale includes the business on the main level which runs as a successful bar and restaurant, both apartments are upstairs. Lots of potential here! City parking lot adjacent to building for off street parking. Blocks from the Mississippi River - this would make a great investment property!

    Jenny Coleman RE/MAX Gold

    229 Main St, McGregor, IA 52157
  • /7

    $921,500

    • 15 Beds
    • 8 Baths
    • 5,297 Sq Ft

    2202 Rebecca St Et Al, Sioux City, IA 51103

    Presenting a portfolio of 7 single-family homes with steady rental income and 100% occupancy. Gross monthly income of $12,050 - most leases are mo-to-mo, allowing easier adjustments in rents. Most of the hard work has been done for you, plenty of room to bring rents up to market on these. See property disclosures for individualized updates, repairs & renovations. Seller is a licensed agent.

    Audrey Hoekstra Gateway Real Estate Advisors

    2202 Rebecca St Et Al, Sioux City, IA 51103
  • /36

    $385,000

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

    201 N Devoe St, Lone Tree, IA 52755

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

    Teresa Morrow Blank & McCune Real Estate

    201 N Devoe St, Lone Tree, IA 52755
  • /15

    $75,000

    • 2,684 Sq Ft

    2104 Main St, Emmetsburg, IA 50536

    Commercial building offering 1606 sqft of retail/office space on the main level with a prime storefront on a busy Highway. The upper level has a finished 2-bedroom/ 1 bathroom apartment with a rooftop patio and 2 entrances. There are separate furnaces & electric meters for the apartment and store area with a shared water heater. Off-street parking behind the building with a single-car garage

    Dana Reinders EXIT Realty Midwest- Spencer/Emmetsburg

    2104 Main St, Emmetsburg, IA 50536
  • /13

    $370,000

    • 6 Beds
    • 7,555 Sq Ft

    1538 W 3rd St, Davenport, IA 52802

    Downtown Davenport rental income opportunity! 3 properties, one parcel. Properties consist of 1538 W. 3rd - 3 units; 1540 W. 3rd - 2 units; 1542 W. 3rd - 4 units. Income information is attached in the documents. 1538 - 1 1/1 $600 1538 - 2 1/1 $505 1538 - 3 3/1 $1200 1540 - 1 1/1 $500 1540 - 2 1/1 $650 1542 - 1 1/1 $500 1542 - 2 2/1 $750 1542 - 3 1/1 $550 1542 - 4 1/1 $525

    Shannon Elliott BUY SELL BUILD QC - Real Broker, LLC

    1538 W 3rd St, Davenport, IA 52802
  • /37

    $279,900

    • 6,072 Sq Ft

    88 Eldene Ct, Evansdale, IA 50707

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

    Chris Fischels Fischels Commercial Group

    88 Eldene Ct, Evansdale, IA 50707
  • /18

    $169,000

    • 2,968 Sq Ft

    568 Loras Blvd, Dubuque, IA 52001

    With long-term tenants in place and located in a highly rentable area near colleges and downtown Dubuque, this property is ideally positioned to be a dependable addition to your rental portfolio. There is potential to expand living space in both the basement and the attic for the value-add investor. Don't miss this opportunity to secure a well-performing asset in one of Dubuque's most desirable

    Mike Kilcoyne Real Broker, LLC

    568 Loras Blvd, Dubuque, IA 52001
  • /16

    $462,500

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

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

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

    Kari Juhl Lepic-Kroeger, REALTORS

    70 Circle Dr Unit 1, 2, 3, 6, 8, North Liberty, IA 52317
  • /32

    $265,000

    • 1,022 Sq Ft

    3116 Pocahontas Rd, Cedar Falls, IA 50613

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

    Bob Delveau Oakridge Real Estate

    3116 Pocahontas Rd, Cedar Falls, IA 50613
  • /26

    $199,900 Open Sat 1PM - 3PM

    • 2,688 Sq Ft

    1117 Greene St, Boone, IA 50036

    Large turn of the century duplex. 3 bedrooms, 1.5 bathrooms in each half. Full basement and full walkup attic too. Each apartment has separate utilities. Maintenance free exterior. Large decks, and d32 x 40 finished garage/shop built in 2021.

    Brian Byriel Hunziker & Assoc.-Ames

    1117 Greene St, Boone, IA 50036
  • /24

    $89,000

    • 1,618 Sq Ft

    205 S Jefferson St, Mount Pleasant, IA 52641

    CHECK OUT THIS INCOME PRODUCING PROPERTY!! The MAIN level is a 2 bedroom, 1 bath, with nice kitchen, dining area, living room. Nice flooring, original woodwork, and pocket doors, also updated windows. Kitchen appliances included as well as washer/dryer. Forced air heat and central air. The UPPER level is a 1

    Dennis Ebersole Meadow and Main Inc.

    205 S Jefferson St, Mount Pleasant, IA 52641
  • /37

    $205,000

    • 2,578 Sq Ft

    129 S 8th St, Council Bluffs, IA 51501

    Updated Duplex Near Everything. This fully remodeled two-story duplex offers flexibility, income potential, and unbeatable proximity--just minutes from hospitals, shopping, restaurants, and downtown Council Bluffs. Whether you're looking to live in one unit and rent the other, run a home-based business, or Airbnb for even more return, this property fits the bill. Each unit features its own

    Monte Wilson NP Dodge Real Estate - Council Bluffs

    129 S 8th St, Council Bluffs, IA 51501
  • /10

    $215,000

    • Studio
    • 3 Baths
    • 1,621 Sq Ft

    1315 E 12th St, Des Moines, IA 50316

    This fully rented 3-plex offers a strong investment in the heart of Des Moines, featuring three 1-bedroom, 1-bathroom units with current rents at $700, $775, and $800. With steady cash flow and low vacancy risk, this property is ideal for both seasoned investors and those looking to start or grow their portfolio. Recent updates provide peace of mind and added value, including a new installed

    Jeffrey Horner Gillum Group Real Estate LLC

    1315 E 12th St, Des Moines, IA 50316
  • /16

    $174,900

    • 6 Beds
    • 3,464 Sq Ft

    707 Brady St, Davenport, IA 52803

    Uniques investment opportunity. Located across the street from Palmer Chiropractic college and up the hill from Downtown Davenport. Large 2story Duplex Upstairs offers Over 2,000 square feet. 5 large bedrooms and 2 full baths, and 2 car garage. Beautiful woodwork throughout, Mosaic tile decorative fireplace, Bay window seating, grand wooden staircase and beautiful pocket doors! Advertised

    Cris Ryder EXIT Realty Fireside

    707 Brady St, Davenport, IA 52803
  • /28

    $369,000

    • 6 Beds
    • 5,148 Sq Ft

    3240 Heatherton Dr, Davenport, IA 52804

    This 6-unit apartment complex was remodeled just a few years ago, offering updated interiors and solid mechanicals throughout. Each unit features modern finishes, updated kitchens and baths, and efficient layouts that appeal to renters. Currently, one units is vacant, presenting immediate potential for owner-occupancy or new tenant placement at market rent. Ideal for investors seeking a turn-key

    Jill Carstens Haven. Real Estate

    3240 Heatherton Dr, Davenport, IA 52804
  • /29

    $229,500

    • 2 Beds
    • 2,334 Sq Ft

    320 W Hayes St Unit 320, 320 1/2, 320 1/, Davenport, IA 52803

    Solid Brick Tri-Plex Near Ambrose University, Palmer college & Vander Veer Park –An income-Producing property with Classic Charm. This well-built, solid brick tri-plex features two spacious one-bedroom units and one efficient studio apartment—ideal for investors or owner-occupants seeking dependable rental income in a highly desirable location. Each unit offers private entrances, beautiful

    Tom Behal Mel Foster Co. Davenport

    320 W Hayes St Unit 320, 320 1/2, 320 1/, Davenport, IA 52803
  • /50

    $385,000

    • 3 Beds
    • 1 Bath
    • 7,296 Sq Ft

    501 Iowa Ave, Essex, IA 51638

    Live. Work. Play-all in one place. 501 & 503 Iowa Ave, Essex, IA. These two side-by-side properties (zoned commercial/residential) are selling together and offer endless potential for a savvy, fun-loving buyer. 501 Iowa Ave-a 1954 remodeled 1,296 sq ft bar with a patio. TVs, projectors, coolers, furniture, kitchen equipment, AND patio furnishings-all included. 503 Iowa Ave- built in 1922 includes

    Faith Dailey Jim Hughes Real Estate

    501 Iowa Ave, Essex, IA 51638
  • /17

    $354,900

    • Studio
    • 3 Baths
    • 1,880 Sq Ft

    3833 38th St, Des Moines, IA 50310

    Complete remodel ready for new tenants. Potential is endless with this all brick solid duplex. Detached 2 car garage with tons of extra storage. Easy to show!

    Bradley Johnson Keller Williams Legacy Group

    3833 38th St, Des Moines, IA 50310
  • /18

    $189,900

    • Studio
    • 3 Baths
    • 1,768 Sq Ft

    1642 E Grand Ave, Des Moines, IA 50316

    Great investor opportunity with this tri-plex in east Des Moines! This property is fully occupied with Units 1 and 2 bringing $850 per month and Unit 3 bringing $750 per month. Monthly costs are between $1600-$1800. Cash Flow is great if you're looking for a side hustle! Rental certificate in place. Open to creative financing.

    Bethany Cochran Agency Iowa

    1642 E Grand Ave, Des Moines, IA 50316
  • /36

    $369,900

    • 3,858 Sq Ft

    1132 Main St, Grinnell, IA 50112

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

    Joyce Halblom TurnKey Realty LLC

    1132 Main St, Grinnell, IA 50112
  • /18

    $259,000

    • 3,100 Sq Ft

    780 Ryan Ave, Hiawatha, IA 52233

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

    Jeremy Trenkamp Realty87

    780 Ryan Ave, Hiawatha, IA 52233
  • /34

    $719,900

    • Studio
    • 5 Baths
    • 3,676 Sq Ft

    15323 Goldenrod Dr, Urbandale, IA 50323

    This is a two unit duplex located in the Waterford Creek that offer a modern design with an openconcept and the abundance of natural light and views from the large family room windows. You will lovethese quality built townhome with plenty of space for the entire family located in a beautifulUrbandale neighborhood. Enjoy the tranquility of the private backyard overlooking trees and a

    Lacey Paine Realty ONE Group Impact

    15323 Goldenrod Dr, Urbandale, IA 50323
  • /15

    $239,500

    • 4,755 Sq Ft

    628 Avenue F, Fort Madison, IA 52627

    Incredible Income Producing Potential!! This 5 unit apartment building awaits! Plenty of renovations have already been done, 4 garage stalls that could add even more income & all units are currently occupied as well! Newer roof, gorgeous hardwood flooring in each unit, updated lighting, appliances convey from each unit and more! This is a grand opportunity to add to your portfolio! Call your

    Carla McEntee Fraise Auction & Real Estate

    628 Avenue F, Fort Madison, IA 52627
  • /3

    $390,000

    • 2,552 Sq Ft

    211 Fereday Ct, Waterloo, IA 50701

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

    James Snider Premier Farm Realty Group

    211 Fereday Ct, Waterloo, IA 50701
  • /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
  • /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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