Iowa Multifamily Homes & Duplexes for Sale

/31
$350,000
- 8 Beds
- 5 Baths
- 4,324 Sq Ft
200 Hill Ave, Spirit Lake, IA 51360

Don't miss the opportunity to own this unique property on the north edge of Spirit Lake with view of East Lake Okoboji. Make one your home and have some rental income from the others or make it all an investment! The first house has a 3 bed 2 bath apartment on the top two floors and a 1 bed 1 bath unit on the ground level with a 2 car garage that is attached to the main level unit. The other

Mike Hemiller NextHome at the Lakes

200 Hill Ave, Spirit Lake, IA 51360
/50
$150,000
- 6 Beds
- 5 Baths
21 N Monroe Ave Unit 1-6, Mason City, IA 50401

This corner multifamily property consists of 5 units, with Unit 6 currently needing renovation, an egress window, and plumbing. This can offer a potential opportunity for investors to expand their portfolio. The owner is responsible for all utilities, and there is also the possibility to decrease the number of units or convert it into a single-family home, given the property's ample square

HAYSE JORGENSEN JANE FISCHER & ASSOCIATES LLC

21 N Monroe Ave Unit 1-6, Mason City, IA 50401
/72
$975,000
- 1 Bed
- 4 Baths
- 4,158 Sq Ft
625 E Burlington St, Iowa City, IA 52240

Well maintained fully leased 9 unit apartment complex for sale. Currently fully leased through end of July 2026 school year with rent increases. This is a prime location Downtown Iowa City on the University of Iowa Campus. Walkable to class for Tenants. on bus routes, onsite laundry, and Tenants pay all utilities. Each apartment is a separate unit with separate kitchen and bathroom in each unit.

Tracy Barkalow Barkalow & Associates, Realtors

625 E Burlington St, Iowa City, IA 52240
/24
$177,000
- Studio
- 2 Baths
- 1,418 Sq Ft
222 W State St, Colfax, IA 50054

Renovated Duplex – A Prime Investment in Colfax!This beautifully renovated 11⁄2-story duplex could be Colfax’s finest! Situated on a spacious corner lot, the property features durable steel siding and separate gas and electric meters for each unit—ideal for both owner-occupants and investors.Nearly everything has been updated, including:Insulation & sheetrockEnergy-efficient

Galen Kurth RE/MAX Concepts

222 W State St, Colfax, IA 50054
/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
/13
$1,499,000
- 15 Beds
- 12 Baths
- 7,632 Sq Ft
3300 Sunner Ave Unit Bldg B, Spirit Lake, IA 51360

An Investment Opportunity with Steady Income! Hawthorn Townhome Building B. Built in 2016. 6 total units: three 3-Bedroom/2 Bath units and three 2-Bedroom/2 Bath units. Each unit is 1,272 SF plus a single stall attached garage. Well maintained with steady rent roll. Great Potential with the ability to do Long Term Rentals, Short Term Rentals, or Mid Term Rentals for traveling/temporary employees.

Peggy Bergh-Kuker Keller Williams Okoboji

3300 Sunner Ave Unit Bldg B, Spirit Lake, IA 51360
/14
$1,499,000
- 15 Beds
- 12 Baths
- 7,632 Sq Ft
3300 Sunner Ave Unit Bldg A, Spirit Lake, IA 51360

An Investment Opportunity with Steady Income! Hawthorn Townhome Building A. Built in 2016. 6 total units: three 3-Bedroom/2 Bath units and three 2-Bedroom/2 Bath units. Each unit is 1,272 SF plus a single stall attached garage. Well maintained with steady rent roll. Great Potential with the ability to do Long Term Rentals, Short Term Rentals, or Mid Term Rentals for traveling/temporary employees.

Peggy Bergh-Kuker Keller Williams Okoboji

3300 Sunner Ave Unit Bldg A, Spirit Lake, IA 51360
/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
/20
$385,000
- 1 Bed
- 1 Bath
- 4,289 Sq Ft
310 W Plum St, West Union, IA 52175

Don't miss this rare chance to own a well-maintained fourplex, built in 1995 ,featuring four spacious units- each with its own attached two car garage. These highly desirable units boast a low vacancy rate and consistent rental income, making it an ideal investment for both new and seasoned investors. This property has been well cared for, reflecting pride of ownership and offering long-term

Lisa Wescott Homestead Realty, LLC

310 W Plum St, West Union, IA 52175
/37
$165,000
- 3,670 Sq Ft
512 Mckinley St SE, Cedar Rapids, IA 52403

Investor Alert! High-CAP Multi-Family Opportunity in the Heart of the MedQuarter. Fully leased with month to month leases. Welcome to 512/514 McKinley Street SE—an exceptional multi-family investment opportunity located in Cedar Rapids’ sought-after MedQuarter district. This four-unit property offers a strong 17%+ CAP Rate, making it ideal for both seasoned and first-time investors. The property

Cindy Guckenberger Key Realty

512 Mckinley St SE, Cedar Rapids, IA 52403
/26
$320,000
- 4 Beds
- 2 Baths
- 1,344 Sq Ft
308 S 12th St, Clear Lake, IA 50428

WELCOME TO THIS BEAUTIFULLY FURNISHED 2 BEDROOM, 1 BATH DUPLEX NEAR THE VIBRANT HEART OF CLEAR LAKE! This thoughtfully designed home offers a perfect blend of comfort and convenience. Key features include: fully furnished with stylish decor and modern finishes, spacious bedrooms with cozy bedding and ample storage, fully equipped kitchen with appliances and dishware. Bright and airy living spaces

Jenna Sheriff JANE FISCHER & ASSOCIATES LLC

308 S 12th St, Clear Lake, IA 50428
/10
$172,500
- 8 Beds
- 4,416 Sq Ft
417 E 6th St, Davenport, IA 52803

Davenport Iowa Real Estate For Sale! This Includes 2 Side by Side Duplexes with Separate Utilities that Tenants pay Electric, Gas, Water, & Sewer. $4,000 /Month+ Rent Potential for all Units! Great Investment Opportunity, 1 Additional Property on Same Block & 5 Additional Properties on E. 7th Street For Sale! Only $39 per Square Feet!! Priced $56,600 UNDER Assessed Value!!

Lucky Lang II Mel Foster Co. Davenport

417 E 6th St, Davenport, IA 52803
/23
$110,000
- 1,833 Sq Ft
109 N 17th St, Clarinda, IA 51632

Investment property!! A duplex unit conveniently located to the downtown. The downstairs unit has been recently updated and is a 2 bed/1.5 bath. The upstairs unit is a 2 bed/1 bath.

Mike Manuel Manuel Realty

109 N 17th St, Clarinda, IA 51632
/24
$315,000
- 1,584 Sq Ft
2001 Melrose Ave, Ames, IA 50010

Prime Investment Opportunity - Updated Side-by-Side Duplex!Attention investors, parent investors, and house hackers! This rare, well-maintained side-by-side duplex is perfectly situated in a predominantly residential neighborhood and is move-in ready. A fantastic opportunity, this property offers a 3-bed, 2-bath unit on one side and a 2-bed, 1-bath unit on the other—both extensively

Lloyd Flanders RE/MAX REAL ESTATE CENTER

2001 Melrose Ave, Ames, IA 50010
/17
$395,000
- 3,840 Sq Ft
705 Iowa 150, West Union, IA 52175

Investment opportunity awaits!!! This2.19 acre property has a 3 bedroom/2 bath home, a 2 car detached garage with a 1bdr apartment up above the garage, along with a 15 unit motel. This property is mostly made up of long/short term rentals.

Lisa Wescott Homestead Realty, LLC

705 Iowa 150, West Union, IA 52175
/15
$650,000
- 6,523 Sq Ft
12458 U S 18, Postville, IA 52162

Investment Opportunity!!! Don't let this one pass you by. 34 room motel. This motel has 15 long term rentals with 19 short term/overnight rentals. The property sits on 3.60 acres of land on the edge of Postville. Features of the property include a care takers apartment, guest laundry, Updates include : a metal roof new aprox 8 yr. Most rooms have been renovated to include new heat/cooling

Lisa Wescott Homestead Realty, LLC

12458 U S 18, Postville, IA 52162
/10
$850,000
- 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
/2
$449,000
- 4 Beds
- 3,570 Sq Ft
1004 College Ave, Davenport, IA 52803

Two Charming Properties in Davenport’s Scenic East End, nestled in the desirable East End neighborhood of Davenport, these properties at 1004 College Ave and 1220 E 10th St offer a perfect blend of comfort and convenience. The buildings feature: Five 1-bedroom units (600 sq ft each) One spacious 3-bedroom unit (1,000 sq ft) Three cozy studio apartments (500 sq ft each) Set in a park-like

Shannon Elliott BUY SELL BUILD QC - Real Broker, LLC

1004 College Ave, Davenport, IA 52803
/19
$114,900
- 3 Beds
- 1,564 Sq Ft
1514 N Marquette St, Davenport, IA 52804

Ready to start your real estate investment portfolio or add another property? Here is a great opportunity to own a fully rented duplex near St. Ambrose University! The main level features 2 bedrooms and a bathroom with access to the unfinished basement. The upstairs unit is a 1 bed 1 bathroom with a spacious living area! Off street parking accessible through the alley. Come check out your next

Steven Sutton-Gordon Real Broker, LLC - Bettendorf

1514 N Marquette St, Davenport, IA 52804
/35
$214,000
- 3,758 Sq Ft
604 4th St NE, Mason City, IA 50401

Exceptional investor/small business owner opportunity. The owner has owned this property for over 25 years in which was used forprimary residence, rentals and business. This property is situated on a beautiful over half-acre lot in the city across the street from EastPark and sledding hill with close access to the walking trail. Home features three living quarters, one with a 3-bedroom and the

Roger Flieth Century 21 Preferred

604 4th St NE, Mason City, IA 50401
/29
$214,000
- 3 Beds
- 3 Baths
604 4th St NE, Mason City, IA 50401

Exceptional investor/small business owner opportunity. The owner has owned this property for over 25 years in which was used for primary residence, rentals and business. This property is situated on a beautiful over half-acre lot in the city across the street from East Park and sledding hill with close access to the walking trail. Home features three living quarters, one with a 3-bedroom and

Roger Flieth CENTURY 21 PREFERRED

604 4th St NE, Mason City, IA 50401
/5
$145,000
- 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
/9
$1,200,000
- 7 Beds
- 4 Baths
1100 Oakcrest St Unit A-M, Iowa City, IA 52246

Investment Opportunity! This well-maintained 12-unit apartment building in a prime Iowa City location offers excellent rental potential. Featuring eleven 2-bedroom units and one 1-bedroom unit, this property is ideal for tenants seeking convenience and comfort. Each unit includes spacious living areas, well-equipped kitchens, and ample storage. A shared laundry room provides added convenience.

Travis Gaule Skogman Realty Co.

1100 Oakcrest St Unit A-M, Iowa City, IA 52246
/5
$115,000
- 1,384 Sq Ft
418 A Ave NW, Cedar Rapids, IA 52405

Great income investment property. Check out this up/down duplex close to downtown. Lower unit(1 bedroom)rents for $625/mo upper unit(2 bedroom) rents for $675/mo. Lower tenant has been there for 15 yrs and upper tenant for 3 yrs. Tenants pay electric and gas and owner pays water/sewer/garbage. This is a Section 8 approved property with guaranteed rental income. Property has laundry in

Mark Christianson Keller Williams Legacy Group

418 A Ave NW, Cedar Rapids, IA 52405
/29
$116,900
- 3,238 Sq Ft
609 W Montgomery St, Creston, IA 50801

Prime Creston Investment property! This four-plex property provides residents with convenient access to shops, restaurants and events, The property is comprised of four units, including one-bedroom and two-bedroom apartments. This property features a 46x22 four-car detached garage and an additional 60x120 lot, providing an ideal setup for someone looking to reside in one unit while generating

Ken Callahan Callahan Real Estate

609 W Montgomery St, Creston, IA 50801
/33
$359,000
- 2 Beds
- 2 Baths
- 1,495 Sq Ft
841 S Summit St, Iowa City, IA 52240

Picture-Perfect, gentle 1939 charmer glows with tender loving care. Delicately upgraded keeping original woods, 2 bedrooms 2 baths total. Sunny & bright rental. Both units have hardwood floors, 1 bedroom, 1 bath, 1 car garage, basement and laundry. You'll adore the light & airy sun rooms, nice backyard, ornate iron fence, live in it yourself or rent it out, either is easy. Character & income call

Wendy Fountain Sellers & Seekers Real Estate

841 S Summit St, Iowa City, IA 52240
/24
$6,750,000
- 6 Beds
- 4 Baths
- 2,484 Sq Ft
1100 Arthur St, Iowa City, IA 52240

NEW PRICE! This is a 100-unit cooperative project with all units leased out. 66 are one bedroom with 575 SF & 34 are two bedroom with 800 SF. The building is a quadrangle style with grassy area in the middle. There are separate laundry rooms for extra income & two basement areas with storage units for the tenants. The parcel is 3.765 acres & has approximately 100 parking spaces & bus service

Jeff Edberg Lepic-Kroeger, REALTORS

1100 Arthur St, Iowa City, IA 52240
/30
$229,500
- 3,565 Sq Ft
116 15th St NE, Cedar Rapids, IA 52402

Loads of potential in this Cedar Rapids multiplex. The main floor offers 2 commercial spaces with an office, store front, storage and a single bathroom each. These units could be converted into residential rental units if needed. 2 main floor commercial units are currently vacant. Upstairs offers 2 separate 3-bedroom, 1-bathroom units. Each unit is fully furnished and furnishings are included.

Jeremy Trenkamp Realty87

116 15th St NE, Cedar Rapids, IA 52402
/10
$205,000
- 3,443 Sq Ft
333 Chase St, Osage, IA 50461

This investment property is a 6 unit apartment building located in Osage on a large corner lot with a four stall garage. This building offers one, two and three bedroom apartments with appliances. Some recent updates have been done.

Clarence Kruse Main Realty

333 Chase St, Osage, IA 50461
/8
$440,000
- 7 Beds
- 5,368 Sq Ft
212 E 6th St, Davenport, IA 52803

Davenport Iowa Real Estate For Sale! This Large 9 Unit Building has Tenants that pay Electric & Water. $5,890 /Month Rent for all Units! Great Investment Opportunity, 1 Additional Property on Same Block & 5 Additional Properties on E. 7th Street For Sale! Only $81 per Square Feet!! Unit 1 - 1/1 $650, Unit 2 - 2/1 $750, Unit 3 - 2/1 $750, Unit 4 - Studio $590, Unit 5 - 2/1 $750, Unit - 6 1/1

Lucky Lang II Mel Foster Co. Davenport

212 E 6th St, Davenport, IA 52803
/14
$488,000
- 5 Beds
- 8,894 Sq Ft
1605 N Harrison St, Davenport, IA 52803

Davenport Iowa Real Estate For Sale! This Includes 2 Buildings with 5 Residential Units, 2 Commercial Units & Commercial/Residential Area that isn't finished! Only $54 / Square Foot!! $6,750 /Month Rent for all Units! Great Investment Opportunity, 1601 N Harrison Street Also Street For Sale! Parking Lot behind Building Could be Included w/Sale! Unit 1 - 1/1 $750, Unit 2 - studio $600, unit 3

Lucky Lang II Mel Foster Co. Davenport

1605 N Harrison St, Davenport, IA 52803
/28
$807,500
- 7 Beds
- 7,800 Sq Ft
515 Ripley St, Davenport, IA 52803

Davenport Iowa Real Estate For Sale! This Includes 2 Buildings with 11 Units that Tenants pay Electric & Gas in 509 & Electric in 515. $9,650 /Month Rent for all Units! Great Investment Opportunity, 2 Additional Properties on E. 6th Street & 5 Additional Properties on E. 7th Street For Sale! 509 Ripley: Unit 1 - 1/1 $1,000, Units 2-4 - 2/1 $1,200, Year leases. 515 Ripley: 6 Units - 1/1 $750, & 1

Lucky Lang II Mel Foster Co. Davenport

515 Ripley St, Davenport, IA 52803
/26
$699,900
- 4,368 Sq Ft
1111 Langley Rd, Waterloo, IA 50702

Great investment opportunity! Multiplex offering 12 units, one 1 bedroom and eleven 2 bedroom. Central location offering convenience to tenants. 10 detached garages and private parking spaces.

Mike Taylor Lockard Realty Company

1111 Langley Rd, Waterloo, IA 50702
/57
$185,000
- 3,122 Sq Ft
315 Morgan St, Keokuk, IA 52632

Stunning Triplex with Carriage House and Premium Upgrades! This beautifully renovated triplex offers an excellent opportunity for investors or owner-occupants seeking rental income. Included is a charming carriage house in the back, currently being used for storage but offering potential for future use or conversion. UNIT 1 is located on the main level and features 2 bedrooms, 1 updated bathroom,

Lisa Johnson Weichert Realtors-The Massimo Group

315 Morgan St, Keokuk, IA 52632
/28
$297,400
- 7 Beds
- 2 Baths
- 1,148 Sq Ft
1416 Starview Dr, Cedar Falls, IA 50613

This remodeled duplex is a great investment property! Tucked away in a quiet neighborhood off of Hudson Rd, this will be a great rental option for students and families alike. Brand new kitchen, bathroom, flooring, and paint in both units. Two private entries for both units. Income for the top level is $1600, offering 4 bedrooms and 1 bathroom. Income for lower level is $1575 offering 3 bedrooms

Mike Taylor Lockard Realty Company

1416 Starview Dr, Cedar Falls, IA 50613
/5
$75,000
- 4 Beds
- 3,862 Sq Ft
2024 W 6th St, Davenport, IA 52802

This Property is ready for your vision! It's a work in progress and needs a bit of TLC. Structure is solid, 1 unit is a very easy turn, 2 more are a slightly more involved turn (due to roof issue) and 1 unit needs a little more due to age. Roof needs work, you can determine which fix you want (repair or new). Make an offer! Gain a great investment property!

Marian Stallings EXIT Realty Fireside

2024 W 6th St, Davenport, IA 52802
/43
$1,000,000
- 4 Beds
- 11,552 Sq Ft
101 Augusta Dr, Lowden, IA 52255

Great investment opportunity in a quiet community. 4 duplex buildings, 8 total units. One owner!! Each 2 bedroom, 2 bathroom, and attached 2 stall garage. Located on its own dead end cul de sac with golf course views.

Emily Robison Pinnacle Realty, LLC Iowa City

101 Augusta Dr, Lowden, IA 52255
/11
$215,000
- 2,496 Sq Ft
667 W Locust St, Dubuque, IA 52001

This fully-rented duplex features separate utilities for each unit. The upstairs unit has been recently renovated, offering 4 bedrooms, and 1 bathroom. The downstairs unit includes 3 bedrooms, 1.5 bathrooms. With strong rental income and updates already in place, this is a great addition to any portfolio. Don’t miss out—schedule your showing today!

Marcus Anderson EXIT Unlimited

667 W Locust St, Dubuque, IA 52001
/17
$115,000
- 3 Beds
- 2,065 Sq Ft
620 Sycamore St, Muscatine, IA 52761

620 and 620 1/2 Sycamore Street. Vacant and ready for you to interview tenants you actually want to rent to. This property has 2) 1 bedroom apartments that were renting for $800.00 per month each. The owner pays the heat, water, sewer and garbage. Tenant pays electric. Fresh interior paint in both units, basement has laundry facilities for both tenants. The 2nd level apartment has a huge bonus

Daniel Oien First Choice Real Estate LLC

620 Sycamore St, Muscatine, IA 52761

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