Iowa Multifamily Homes & Duplexes for Sale

• 

  

  

  /40

  $225,000

  • 5 Beds
  • 2 Baths
  • 2,295 Sq Ft

  1516 C Ave NE Unit A & B, Cedar Rapids, IA 52402

  2-unit turn-key duplex, excellent investment opportunity close to Mt. Mercy, Coe College, Mercy Hospital, Garfield Elementary, Fairfield Middle School, and Washington High School. Completely renovated from the studs out, new appliances, light fixtures, flooring, paint, plumbing, electrical, HVAC, separate water, gas, and electric meters, shared laundry in the LL, 4 parking spaces, and easy to

  

  Rob McCain

  Urban Acres Real Estate Corridor

  (319) 220-5638

  

  1516 C Ave NE Unit A & B, Cedar Rapids, IA 52402
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• 

  

  

  /25

  $220,000

  • 4 Beds
  • 2 Baths
  • 640 Sq Ft

  718 7th Ave, Coralville, IA 52241

  Welcome to 718 7th Ave., an up/down duplex in Coralville. A fantastic investment property or owner-occupied opportunity in a prime location! This duplex offers a 2 bed up and 2 bed down with the ability for investment growth. Don't miss out on this affordable and versatile property in the heart of Coralville. Lower level is recently renovated. This duplex is a must see. 24 hour notice required

  

  Derick Schroeder

  Lepic-Kroeger, REALTORS

  (319) 519-4503

  

  718 7th Ave, Coralville, IA 52241
• 

  

  

  /24

  $285,000

  • Studio
  • 2 Baths
  • 3,146 Sq Ft

  2900 High St, Des Moines, IA 50312

  Fantastic income-producing duplex just one block from Ingersoll Avenue! This well-maintained property features two spacious units, large kitchens with dining areas, and bright, open living spaces. There are separate laundry units in the basement for each unit. Recent updates include a new roof (2022), foundation repair (2023), electrical panels have been upgraded to 200 A service and the wiring

  

  Eric Fitzgerald

  Keller Williams Realty GDM

  (515) 417-7155

  2900 High St, Des Moines, IA 50312
• 

  

  

  /9

  $99,900

  • 3 Beds
  • 2,169 Sq Ft

  1009 W 15th St, Davenport, IA 52804

  Prime Davenport IA duplex for sale! This 2 story conversion is prime real estate, the main floor unit has 1 bedroom and 1 bathroom. The living room flows seamlessly into the kitchen providing a nice layout. The tenant currently pays $700 a month. The upstairs unit is a 2 bedroom and 1 bathroom and has a whole lot of space! The current tenants pay $850. Both units have entrances from the front and

  

  Drake Hunter

  RE/MAX Concepts Bettendorf

  (563) 794-7535

  

  1009 W 15th St, Davenport, IA 52804
• 

  

  

  /18

  $514,900

  • 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
• 

  

  /23

  $99,900

  • 4 Beds
  • 2,636 Sq Ft

  1425 W 10th St, Davenport, IA 52804

  Introducing a rare investment opportunity. A tri-plex property with significant potential. Built in the early 1900s, this residence boasts a distinctive architectural charm with a traditional brick exterior. This triplex is ideal for multi-unit rental income or a unique living arrangement, and recent updates, including plumbing and furnace improvements between 2018 and 2020. Situated on a

  

  Sara Dewulf

  BUY SELL BUILD QC - Real Broker, LLC

  (563) 666-5937

  

  1425 W 10th St, Davenport, IA 52804
• 

  

  /6

  $250,000

  • 1 Bed
  • 6,995 Sq Ft

  811 E 14th St Unit 1-11, Davenport, IA 52803

  Value add 11 plex for sale! This property is a cash cow already. With some TLC and sweat, this apartment building could turn out amazing! 5 of the units are Studios with 1 bathroom.The other 6 units are 1 bedroom 1 bathrooms.

  

  Drake Hunter

  RE/MAX Concepts Bettendorf

  (563) 674-6115

  

  811 E 14th St Unit 1-11, Davenport, IA 52803
• 

  

  /33

  $230,000

  • 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
• 

  

  /18

  $318,000

  • 6 Beds
  • 5 Baths
  • 4,776 Sq Ft

  2324 Nebraska St, Sioux City, IA 51104

  This well-maintained, fully occupied four-plex is an excellent investment opportunity for investors seeking consistent cash flow with room for value appreciation. Located in the growing North Sioux City area, this property provides an ideal mix of unit sizes to attract a diverse tenant base. New Flooring in Apartment A, Studio 1, and Studio 2 New Stove & Fridge in Apartment A and Studio 1

  

  Juan Garcia

  United Real Estate Solutions

  (712) 883-3381

  2324 Nebraska St, Sioux City, IA 51104
• 

  

  /3

  $1,620,000

  • 7 Beds
  • 4 Baths
  • 22,146 Sq Ft

  709 & 711 Meadow Lane Ct SE, Mount Vernon, IA 52314

  Discover a hidden gem in the City of Mt. Vernon, Iowa. This 24-unit complex has been updated as needed, featuring 22 two-bedroom, one-bath units and two one-bedroom 1 bath units. The two-bedroom units average 900 square feet, while the one-bedroom units are around 700 square feet. There are also 12 detached garages, all of which are currently rented. This property presents a great value-add

  

  Matthew Lepic

  Lepic-Kroeger, REALTORS

  (319) 255-2927

  

  709 & 711 Meadow Lane Ct SE, Mount Vernon, IA 52314
• 

  

  /5

  $89,000

  • 2 Beds
  • 2 Baths
  • 1,280 Sq Ft

  248 N Railroad St, Ainsworth, IA 52201

  Great investment opportunity. This building is located downtown Ainsworth, Iowa and has an updated main level apartment with one bedroom, 1 bath and currently rents for $550.00 a month. The upper unit rents for $400.00 a month. If you're looking to invest in real estate this one is a great one to start with or to add to your existing portfolio with low taxes, tenant paid utilities and low

  

  Patty Elliott

  Elliott Realty Group

  (319) 264-1405

  

  248 N Railroad St, Ainsworth, IA 52201
• 

  

  /22

  $169,000

  • 4 Beds
  • 2 Baths
  • 2,226 Sq Ft

  903 East St, Grinnell, IA 50112

  An outstanding investment property attractive to a wide audience, strategically located within two blocks of downtown Grinnell and Grinnell College. 903 East Street, with a separate interior entrance, is an upstairs three-bedroom, one bathroom apartment, with a full kitchen, living space, and washer/dryer within the apartment. The current lease allows the upstairs tenant use of the one car

  

  Kevin Kolbe

  Ramsey Weeks Real Estate

  (641) 329-2971

  903 East St, Grinnell, IA 50112
• 

  

  /17

  $1,375,000

  • 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 unitOut 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 CORRIDOR, REALTORS

  (319) 284-6177

  120 32nd St NE, Cedar Rapids, IA 52402
• 

  

  /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
• 

  

  /25

  $800,000

  • 16,093 Sq Ft

  2107 Blairs Ferry Rd NE, Cedar Rapids, IA 52402

  The 12-unit condo building is located off of Blairs Ferry Rd. in Cedar Rapids, and it's in a great location. Each unit has 2 bedrooms and 1 bathroom. The building comes with 8 single stall detached garages. The roof and siding were replaced in 2023. 11 of 12 units have been updated as well. These units are well-maintained and are looking for a long-term owner. One owner is a Licensed Real Estate

  

  Matthew Lepic

  LEPIC-KROEGER CORRIDOR, REALTORS

  (319) 614-6129

  2107 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
• 

  

  /19

  $384,900

  • 3 Beds
  • 2.5 Baths
  • 1,335 Sq Ft

  2410 NE 6th St, Grimes, IA 50111

  Check out this zero-entry bi-attached in Grimes! The kitchen features quartz countertops, extra cabinet space, and a walk-in pantry. Home has oversized bedrooms and an ensuite has walk-in shower. Close to the ensuite is the laundry room. Once downstairs you have a family room, 3rd bedroom and a bathroom. HOA takes care of snow and lawn care. Builder is offering a $2,500 credit towards closing

  

  Shane Torres

  RE/MAX Concepts

  (515) 709-4791

  2410 NE 6th St, Grimes, IA 50111
• 

  

  /27

  $384,900

  • 3 Beds
  • 2.5 Baths
  • 1,378 Sq Ft

  2408 NE 6th St, Grimes, IA 50111

  Check out this zero-entry bi-attached in Grimes! The kitchen features quartz countertops, extra cabinet space, and a walk-in pantry. Home has oversized bedrooms and an ensuite has walk-in shower. Close to the ensuite is the laundry room. Once downstairs you have a family room, 3rd bedroom and a bathroom. HOA takes care of snow and lawn care. Builder is offering a $2,500 credit towards closing

  

  Shane Torres

  RE/MAX Concepts

  (515) 709-4517

  2408 NE 6th St, Grimes, IA 50111
• 

  

  /5

  $89,000

  • 1,280 Sq Ft

  248 N Railroad St, Ainsworth, IA 52201

  

  Patty Elliott

  Elliott Realty Group

  (319) 302-3424

  248 N Railroad St, Ainsworth, IA 52201
• 

  /2

  $825,000

  • 7,848 Sq Ft

  3212 Wilson Ave SW, Cedar Rapids, IA 52404

  

  Diona Carpenter

  SKOGMAN REALTY

  (319) 214-7584

  3212 Wilson Ave SW, Cedar Rapids, IA 52404
• 

  

  /27

  $260,000

  • Studio
  • 2 Baths
  • 1,358 Sq Ft

  4025 54th St, Des Moines, IA 50310

  4025 54th St is a rock-solid duplex that makes sense from every angle—whether you're a first-time house hacker or a seasoned investor looking to expand your portfolio. With both units currently vacant, you're free to move in and offset your mortgage with rental income, or lease out both sides at market rent with zero downtime. The property includes an upper 3-bedroom, 1-bath unit and a lower

  

  Darson Grantham

  Keller Williams Realty GDM

  (515) 436-4340

  4025 54th St, Des Moines, IA 50310
• 

  

  /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 Zimmerman

  Better Homes and Gardens Real Estate The Good Life Group

  (712) 423-6377

  311 E Joy St, Red Oak, IA 51566
• 

  

  /77

  $2,950,000 Open Sun 2PM - 4PM

  • 5 Beds
  • 5.5 Baths
  • 5,100 Sq Ft

  16400 Bayside Dr Unit B, Spirit Lake, IA 51360

  Rarely do you get this much value on West Lake Okoboji!! This 5 bedroom, 6 bath duplex has space for the whole family and then some, and at a nice price for 5100 sq ft. Calculate the per sq ft cost, and it's far lower than any other option on West Lake. It provides gorgeous blue water views of West Lake. Luxurious amenities include a custom kitchen, 2 bar areas, huge master suite expanding the

  

  Aaron Jones

  RE/MAX Lakes Realty

  (712) 401-7625

  16400 Bayside Dr Unit B, Spirit Lake, IA 51360
• 

  

  /23

  $104,900

  • 5 Beds
  • 2,590 Sq Ft

  925 E 14th St, Davenport, IA 52803

  Looking for a prime investment property? This is the one for you! The bottom unit is a 2 bedroom 1 bathroom with a paying tenant. The upstairs unit was just remodeled with new flooring and paint! The upstairs unit has 3 bedrooms and 1 bathroom. You can move in and have the bottom tenant pay your rent, or have a tenant move into the vacant unit and sit back and collect a monthly check. Call for

  

  Drake Hunter

  RE/MAX Concepts Bettendorf

  (563) 239-3436

  

  925 E 14th St, Davenport, IA 52803
• 

  /2

  $60,000

  • 3 Beds
  • 1,592 Sq Ft

  1454 W 3rd St, Davenport, IA 52802

  Affordable duplex for sale—perfect for investors! This tenant-occupied property provides immediate rental income and strong cash flow potential. Don’t miss this budget-friendly opportunity to own a multi-unit property with built-in tenants.

  

  Drake Hunter

  RE/MAX Concepts Bettendorf

  (563) 724-5062

  

  1454 W 3rd St, Davenport, IA 52802
• 

  

  /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
• 

  

  /35

  $427,000

  • 6 Beds
  • 2.5 Baths
  • 4,254 Sq Ft

  802 High St, Grinnell, IA 50112

  This stunning Italianate residence constructed as a single-family home in 1872 was converted into 802 and 804 High St in early 1900s. It features two side-by-side living units with separate addresses and period architectural features. Each unit boasts original Victorian arched windows, high ceilings and maple flooring and wide plank pine. Separate front, side, and back entrances provide private

  

  Kevin Kolbe

  Ramsey Weeks Real Estate

  (641) 329-2820

  802 High St, Grinnell, IA 50112
• 

  

  /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
• 

  

  /35

  $680,000

  • 5 Beds

  14091 85th Ave, Indianola, IA 50125

  This lovely home sits on approximately 10.5 acres, and has a full 3 car garage, lots of back deck space and a great view of the surrounding wooded area and crop fields. Built new in 2011 and has been measured by the owner at 3,554 sq ft it offers a full finished walk out basement, and a high efficiency HVAC system and propane water heater and no deferred maintenance!!! 1000 gallon propane tank is

  Rick Barnes Barnes Realty

  14091 85th Ave, Indianola, IA 50125
• 

  

  /19

  $528,889

  • Studio
  • 4,279 Sq Ft

  4704 Toronto St, Ames, IA 50014

  Fantastic rental opportunity in West Ames! This modern 2-unit townhome (sold together) offers 4BR/3.5BA per unit with over 2,000 total finished sq. ft. per unit. Live in one and rent the other or rent both for maximum income. One unit is currently leased; the other is vacant and ready for the new owner. Great for investors or owner-occupants looking to build equity. Note: Each unit is

  Jeffrey Hagel Jeff Hagel Real Estate

  4704 Toronto St, Ames, IA 50014
• 

  

  /23

  $260,000

  • Studio
  • 2 Baths
  • 2,187 Sq Ft

  1134 39th St, Des Moines, IA 50311

  Charming Duplex in Des Moines. Ideal Investment Opportunity! Nestled in a quiet cul-de-sac street just off University Avenue, this well-maintained duplex is perfect for investors. The main level unit is currently occupied by long-term tenants and features 2 bedrooms, 1 bath, a cozy living room, formal dining room, kitchen, and an additional office/bonus room. The basement provides ample extra

  Tim Hegwood PMI Realty Central Iowa

  1134 39th St, Des Moines, IA 50311
• 

  

  /3

  $199,900

  • 11 Beds
  • 4,057 Sq Ft

  321 E 15th St, Davenport, IA 52803

  Here's the 4-plex in Davenport, IA that you have been looking for! These units are zoned as condominiums to keep your taxes lower, and possibly sell them off separately in the future, but they are all available now at one low price!! Located near Palmer Chiropractic and St. Ambrose University for easy renter options. 36 hours notice for showings please.

  Darla Teager RE/MAX Concepts Bettendorf

  

  321 E 15th St, Davenport, IA 52803
• 

  

  /38

  $450,000

  • 3 Beds
  • 2 Baths
  • 2,400 Sq Ft

  17873 Parkview Dr, Moravia, IA 52571

  Don't miss this stunning custom-built home in Lakeshore Heights, ideally located next to Honey Creek State Park and just minutes from Lake Rathbun. Built in 2020, this 2,400 sq ft, 3-bedroom, 2-bathroom home offers comfort, style, and space - all on a beautifully maintained 0.83-acre lot. Key Features: Open-concept layout with spacious living room Large sit-up kitchen island and

  Jason Kok Lake Homes And Farms Realty

  17873 Parkview Dr, Moravia, IA 52571
• 

  

  /14

  $350,000

  • 3,932 Sq Ft

  180 1st St, Gilbert, IA 50105

  Investor or House Hack Opportunity! This well-maintained 4-plex, located in the growing town of Gilbert, offers four spacious 2-bedroom, 1.5-bathroom units. Each unit features a private back deck or patio overlooking a wooded area for added privacy. Recent updates include a new roof, gutters, and flooring. The property also features a master lock system and a brick exterior ensuring durability

  Collin Fett RE/MAX REAL ESTATE CENTER

  180 1st St, Gilbert, IA 50105
• 

  

  /15

  $234,000

  • Studio
  • 2 Baths
  • 1,408 Sq Ft

  349 E Rose Ave, Des Moines, IA 50315

  Fantastic opportunity for investors! This turnkey income-producing duplex is fully leased with a current rental certificate, offering immediate cash flow and peace of mind. Each unit features 2 bedrooms and 1 bathroom with separately metered utilities and walkout basements situated on nearly half an acre lot in a quiet neighborhood. Don’t miss this opportunity to add a solid, income-producing

  Ryan Rivera Zealty Home Advisors

  349 E Rose Ave, Des Moines, IA 50315
• 

  

  /26

  $243,000

  • 4 Beds
  • 2 Baths
  • 984 Sq Ft

  2600 Waterloo Rd, Cedar Falls, IA 50613

  Great investment opportunity! This well-maintained duplex features two spacious units, each offering two bedrooms and 1 bathroom. Enjoy the convenience of in-unit laundry and private 1-stall garages for each unit.

  Leeann Sires EPM, Iowa

  2600 Waterloo Rd, Cedar Falls, IA 50613
• 

  

  /16

  $180,000

  • 6 Beds
  • 2,809 Sq Ft

  2318 W 3rd St, Davenport, IA 52802

  This duplex offers over 1,000 square feet per unit with some updates over the last year. New roof in 2024, some new doors and windows in 2024, some plumbing, HVAC and electrical in 2024 & 2025. Property has received a Certificate of Compliance in February 2025 from the City of Davenport, which is valid through August of 2028. Main level unit is tenant occupied bringing in $1,496 per month. Upper

  David Derrick BUY SELL BUILD QC - Real Broker, LLC

  

  2318 W 3rd St, Davenport, IA 52802
• 

  

  /19

  $79,500

  • 4 Beds
  • 2 Baths

  231 8th St SE, Mason City, IA 50401

  2 unit side by side 2 story duplex. East side unit #233 features 2 bedrooms, living room, a relaxing sunroom, kitchen/laundry combo, bathroom and its own basement.. West side unit #231 has 2 bedrooms, living room, kitchen, bathroom, and its own basement. Good income producer and a great addition to your Rental Portfolio.

  Roger Flieth CENTURY 21 PREFERRED

  231 8th St SE, Mason City, IA 50401
• 

  

  /6

  $249,900

  • Studio
  • 7 Baths
  • 3,306 Sq Ft

  3419 1st St, Des Moines, IA 50313

  Investor’s dream in the heart of Highland Park! This fully occupied 7-unit multi-family property offers strong, consistent income and holds a current rental certificate, making it a perfect turnkey addition to your portfolio. Originally a single-family home, this property has been thoughtfully converted into a 7-plex with a mix of unit sizes, offering steady demand in a highly rentable location.

  Angela Ousley Zealty Home Advisors

  3419 1st St, Des Moines, IA 50313
• 

  

  /18

  $285,000

  • 2 Beds
  • 1.5 Baths
  • 1,436 Sq Ft

  105 Southridge Dr, Reinbeck, IA 50669

  Welcome to this bi-attached, ranch style home in one of Iowa's best small towns. Over 1400 sq feet on the main level makes this property an ideal choice for someone who is seeking ease and accessibility in living. Upon entering the home from the covered front porch you'll find an open concept living, dining, kitchen area (with a corner pantry and hard surface countertops). All appliances are

  Lindsay Reid Keller Williams Realty GDM

  105 Southridge Dr, Reinbeck, IA 50669
• 

  

  /16

  $115,000

  • 4 Beds
  • 2,240 Sq Ft

  1306 Davie St, Davenport, IA 52804

  Fixer-Upper Fourplex with Huge Potential Opportunity knocks with this fourplex in a prime Davenport location! This multi-family property is a diamond in the rough, ready for a savvy investor or ambitious renovator to bring it back to life. Each unit features 1 bedrooms and 1 bathroom, offering solid rental potential once renovated. With over 2200 total living space and situated on a low

  Doris Johnson KW 1Advantage

  

  1306 Davie St, Davenport, IA 52804

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