Iowa City, IA Multifamily Homes & Duplexes for Sale

Here's your opportunity to own a great investment property in the heart of Iowa City! Two 2 bed/1 bath units with a detached garage and an alley parking pad offering convenient living for tenants. Covered porches welcome you! Both units boast beautiful hardwood floors, living rooms, dining rooms, bonus rooms that could be great for a home office, kitchens, gas range in 520. Upstairs features a

Mike Jensen Lepic-Kroeger, REALTORS

Great opportunity to INVEST in this charming home with character to spare! Leases signed into 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 & water & sewer(water is

Kathryn Fobian Edge Realty Group

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

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

Nestled conveniently near Kinnick & UIHC. Built in 1983 by the current owner. 11 units- one is 3 BR/2BA. All units fully remodeled w/wood type floor, tile bathrooms, carpet in bedrooms, cabinets, countertops, plumbing fixtures, doors & millwork, electrical, stainless steel appliances & newer windows. New LED lights-units & common hallways. Newer coin ops laundry. Remodeled common hallways, doors,

Le Ann Dunne Lepic-Kroeger, REALTORS

This lovely home is currently a sweet up/down duplex in the heart of Iowa City just blocks from City Park and the U of I. Enjoy serene views from this corner lot home overlooking the former marching band practice field. The upper level (202 Park Rd) offers 2 bedrooms & 1 bath while the main level (505 Holt) offers one bedroom, one bath but also has an additional room for office, study, studio,

Phoebe Martin Blank & McCune Real Estate

INVESTOR ALERT! 10 unit apartment building for sale on University of Iowa Campus & Downtown Iowa City! Fully leased with student housing! This property has a mix of Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom and 4 Bedroom apartments. Off Street parking lot! Onsite laundry room! Tenants pay all utilities! All showings are subject to Tenants rights need at least 24 hour notice to show.

Tracy Barkalow Barkalow & Associates, Realtors

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

Don't pinch yourself, you are not dreaming! This charming American foursquare is currently configured as an up/down duplex but could easily be turned back into a single family home. The current tenants are renting both units with rent increasing to $3000/month after 8/1. Tons of updates including upgraded electric and plumbing throughout, low-maintenance metal roof, both kitchens updated with new

Phoebe Martin Blank & McCune Real Estate

Prime investment opportunity – fully occupied duplex in Iowa City! Investors, take note of this duplex, offering a proven track record of strong rental history, making it a turnkey investment with immediate cash flow. Each unit features 3 spacious bedrooms and 1 bathroom, ensuring broad tenant appeal. The properties have sliding doors leading to the backyard, on-site parking, and in-unit washer

Julie Dancer Lepic-Kroeger, REALTORS

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.

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

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

Colonial Terrace: Well-located on West Benton Street, this 32 unit residential rental property is fully leased thru July 2025. There is a mixture of 1, 2 and 3 bedroom units with average monthly rent of $820 per unit. Convenient parking with easy access and within walking distance to the to the University of Iowa campus. Excellent rental history.

Teresa Morrow Blank & McCune Real Estate

Two unit invest/income property in a great location. 524 and 524 1/2. 524 is main level unit (entrance from back of home) - features LVP flooring, an eat-in kitchen, laundry closet w/ stacked washer/dryer, living room, full bath, and 1 bedroom. Upstairs (entrance from Governor St) unit, 524 1/2, features kitchen, living room, bonus room/office, and large bedroom. Off-street parking pad in the

Mike Jensen Lepic-Kroeger, REALTORS

36 Unit Apartment Complex For Sale! Prime Location Close to University of Iowa Hospitals & Clinics! 34 Two Bedroom & 2 One Bedroom Apartments. This location offers elevator, underground garage parking, patio/balcony in each apartment. Tenants pay all utilities. Building is close to U of I Hospital, U of I Law, Pharmacy, Dental & Kinnick! Public transportation in front of building. Brand new

Tracy Barkalow Barkalow & Associates, Realtors

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

What an opportunity across from Kinnick Stadium! This property has one single family home of 1,769 sq ft w/4BR-3BA w/ attached garage+full basement. TEN add'l separate apartments. Three tenants have lived there for 10 yrs, 30 yrs & 50 yrs respectively! Average of three year tenancy for the other seven units. GREAT ADDITIONAL INCOME POTENTIAL with game day car parking and/or RV parking w/estimated

Le Ann Dunne Lepic-Kroeger, REALTORS

INVESTOR ALERT! Location! Location! Location! 12 Plex on West U of I Campus For Sale! All two bedroom units. This building is a great location for grad students, walkable to Law, Dental, Pharmacy, UIHC & Kinnick Stadium. Each of these apartments have central heat and central air & separate meters for Gas & Electric. Water is on one meter billed back to Tenants. Serious Pre-Qualified Buyers Only.

Tracy Barkalow Barkalow & Associates, Realtors

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.

Sited on one of Iowa City's most iconic downtown streets, Vogel House, offers 24 fully leased rental units (20 studios and 4 loft penthouses). This property, architecturally designed by Neumann Monson Architects, is a rare opportunity to invest in a high-visibility asset with enduring value. Located in the heart of downtown Iowa City, directly across from public parking and within walking

Teresa Morrow Blank & McCune Real Estate

Located in the heart of the Ped Mall in downtown Iowa City, Whiteway 2000 Condominiums are just steps away from the Pentacrest and the Old Capital, creating strong demand from perspective tenants. This rare investment opportunity offers 39 fully rented condominiums with elevator access and common on-site 6th floor laundry. The project has three types of units with lofts ranging in size from

Teresa Morrow Blank & McCune Real Estate

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

Nestled near Downtown Iowa City, this charming 4-unit investment property offers a unique opportunity. Each unit boasts modern amenities while retaining its original charm, appealing to tenants seeking both comfort and character. The property's prime location ensures easy access to downtown attractions, educational institutions, and vibrant cultural scenes, making it a desirable choice for

Jill Hartke CENTURY 21 Signature Real Estate

Fixer Upper! Investor or Flipper Alert! This single home was at some point converted to a 4 Plex. Property is in prime University of Iowa Campus location. Walkable to Downtown Iowa City. On Bus Routes. Great rental property location and opportunity. Property is in need of updates or a remodel. Property being sold "AS IS". Priced below assessed value.

Tracy Barkalow Barkalow & Associates, Realtors