Multi-family houses For Sale in Iowa

Fully rented triplex with tons of updates! Main level features 3 bedrooms, 1.5 baths & unfinished basement. Upstairs includes a 2-bedroom unit & an efficiency unit. Each tenant pays their own electricity.

Well-maintained upper/lower duplex, vacant and ready for new owners. Previously rented for $650 each unit. Features a detached 2-stall garage with new garage doors. Below market price!

Multi-unit property with long-term tenants (11 years in upper unit). Both units are occupied under month-to-month leases.

Great investment opportunity! This duplex in downtown Ely offers residential and commercial potential. Two separate units allow for conversion of the lower unit into a commercial space, ideal for investors or entrepreneurs. Don't miss out!

Single-family home on a 0.657-acre lot with rental or commercial potential. Features 3 bedrooms, 1 bath, basement, detached garage, and new roof. General industrial zoning. Dogs on premises.

Fully occupied duplex with 2 updated units. Unit 1: 1 bed/1 bath. Unit 2: 2 bed/1 bath. In-unit laundry. Tenants pay all utilities. Recent updates include new water heater, exterior updates, fresh paint, and flooring.

Amazing income property! This 11-unit apartment complex boasts 2 one-bedroom and 8 two-bedroom units, off-street parking, and on-site laundry. Ideal for investors seeking a strong rental return.

29-unit renovated apartment complex, 5 min walk to Council Bluffs' 100 Block, Bayliss Park & Haymarket. Features new cabinets, quartz countertops, stainless appliances, hardwood floors, updated bathrooms, HVAC, landscaping & ample parking. Ideal for those seeking convenient access to shops, restaurants & Omaha.

Historic 4-unit property, each with 2 beds & 1 bath. Includes a 4-car detached garage. Ideal for investors or those seeking multi-family living.

Investment opportunity! Four 2-bed, 2-bath zero-entry rental units in Solon, IA. Leases run through August 2025. Sold as a package only.

Investor opportunity! This well-maintained 4-plex in Southeast Cedar Rapids offers steady rental income with long-term tenants. Features three 2 bed/1 bath units and one 1 bed/1 bath unit. New roof (2023) and walkway (2022). Landlord pays water/gas; tenants pay electricity.

Hard to find 8-plex in Center Point, IA! This property boasts one large 2-bedroom unit, three regular 2-bedroom units, and four 1-bedroom units, plus a 1-stall garage. Recent updates include new kitchens and bathrooms. Great rental history with long-term tenants. Room for income increase!

Charming historic home, close to downtown Iowa City. Great rental opportunity with a large yard. Currently rented, 48-hour notice required for showings. Newer water heater (2024).

Beautiful duplex, each unit boasts 3 beds & 2 baths. Main floor has 2 beds/baths, finished basement adds another bedroom, rec room, and full bath with laundry. Detached 2-stall garage available for rent. 24-hour notice required.

Solid investment opportunity in Atkins! Multiple unit sizes, garage parking, extra storage, and in-house laundry offer great flexibility and rental income potential. Ideal for investors seeking positive growth.

Fully occupied triplex with $1630/month gross rent near downtown Clinton. Tenants pay electric. Off-street parking. Professionally managed. Sold AS-IS. 48-hour notice for showings.

10-unit apartment building near the University of Iowa, fully leased with a mix of studio to 4-bedroom units. Features include off-street parking and an onsite laundry room. Ideal for investors seeking student housing.

Fully occupied triplex with $1525/mo gross rent. New roof, water heater, & boiler. Professionally managed. Great investment opportunity!

Excellent investment opportunity! 5 bedrooms, 3 baths, 7 parking spaces. Leased through July 28, 2024. Newer appliances & remodeled bath. Tenant pays utilities & snow removal.

5-unit multifamily investment property in Cedar Rapids with 100% occupancy, offering immediate returns and future development potential. Ideal for investors seeking long-term stability and growth.

Great potential! 4-unit property, near shopping. As-is sale; no repairs or cleaning; closing after 3-6-2025. Hold harmless agreement required before entry. Utilities not on.

12-unit condo building with 8 detached garages. Recently updated, well-maintained, and perfect for a long-term owner. Each unit features 2 bedrooms and 1 bathroom.

Renovated multifamily property in Cedar Rapids, IA, offering 4-bedroom, 2-bath units perfect for college students or families. Features include updated units, separate utilities, and potential for rent growth. Built in 2000 with recent upgrades.

Wonderful investment opportunity! 5-unit, well-maintained property featuring beautiful woodwork, built-ins, and fireplaces. Newer furnaces, separate utilities, new roof, gutters, and appliances. Cosmetic updates needed. Ideal for investors seeking rental income.

Fully rented duplex with tenants paying their own utilities.

Fantastic investment opportunity in downtown Ely! Fully leased with growth potential and long-term tenants. Well-maintained units and 3 leased garage stalls. Don't miss out!

10-Unit Multifamily Residential Investment Opportunity. Includes 10 residential apartments, exclusive parking, and an adjacent 0.232-acre lot. Ideal for investors seeking multi-unit rental income.

4plex on large lot, detached garage, tons of potential! Ideal for investors or those seeking a multi-family property with expansion possibilities.

10-plex on Wilson Ave SW near Westdale. Features 6 two-bedroom and 4 one-bedroom units, 10 garages, and 2 laundry rooms with coin-operated appliances. All units rented with good rental history. Boasts updated boiler and window/wall AC units.

Package deal of 4 properties recently appraised. Great for investors seeking creative financing options. Month-to-month rental income of $1700.

Well-maintained triplex with three units (1-bed, 2-bed, 3-bed), low-maintenance vinyl siding, newer vinyl windows, and ample off-street parking. Great investment opportunity with steady rental income.

Three-unit apartment building: Two 1-bedroom units and one 2-bedroom unit, all currently rented. Great investment opportunity.

Fully rented mixed-use building with 5 one-bedroom units and commercial space. Needs some maintenance but offers long-term investment potential. Ideal for investors seeking a multifamily and commercial property.

Exceptional duplex in a peaceful Cedar Rapids neighborhood! Thoughtfully remodeled with low-maintenance features. Each unit rents for $875/month, professionally managed. Month-to-month leases allow for potential rental income increase. A perfect investment opportunity!

Beautifully renovated duplex, fully rented with 2 units. Each unit has 2 bedrooms, 1 bathroom, new kitchen & appliances. New AC, furnace, washer, dryer. Potential for triplex conversion.

Updated duplex with 2 rental units, new furnace/AC, fenced yard, 2-stall garage. Lower unit features 2 bedrooms, 1 bath, updated kitchen, fireplace, and unfinished basement. Upper unit has 1 bedroom and 1 bath. Move-in ready for tenants or owner-occupant. Sold as-is.

48-unit multifamily investment opportunity with significant upside potential. Mostly 3-bedroom, 2-bathroom units, common laundry in each building, and projected high returns. Lease-up underway, renovations nearing completion. Ideal for investors seeking strong cash flow and long-term growth.

23-unit multifamily complex in Cedar Rapids. 10 units remodeled in the last two years. A mix of one-bedroom, two-bedroom, three-bedroom, and efficiency units. Ideal for investors seeking rental income.

Well-maintained multi-unit home with updated features: newer roof, AC, electrical, windows, and appliances. Includes two 1-bed, 1-bath units, one currently occupied, and a 2-car detached garage. Great investment opportunity!

Iowa City 4-plex with 2 efficiency and 2 one-bedroom units. Features a shared washer/dryer, garage, private backyard, and good parking. All units are month-to-month and currently occupied. Great for investors!