Multi-family houses For Sale in Iowa City, IA

Investment opportunity near Kinnick Stadium! This property includes a 4BR-3BA single family home, 10 additional apartments, and high rental income potential. Ideal for long-term investors or those seeking supplemental income from game day parking.

39 fully rented condos in downtown Iowa City, steps from Pentacrest & Old Capitol. Features lofts (400-635 sq ft), elevator access, on-site laundry, and full appliance packages. High demand from tenants due to prime location & amenities. Ideal investment opportunity.

100-unit cooperative with 6.6% CAP rate. $966,180 annual income, 50% expenses. Features 100 parking spaces, laundry rooms, storage units, and is near amenities.

Rare investment! 21-room boarding house leased to a fraternity. New roof, windows, & systems. 6 years remaining on lease with renewal option. High occupancy.

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.

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!

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

Eight-unit condo building with great potential! Recent updates include new flooring, LED lighting, stainless steel appliances, and exterior improvements. Six garages, some three-car capacity. Currently rented with permits until October 2025. Ideal for investors.

Great investment opportunity! Two 2 bed 1 bath units in Iowa City, close to downtown, UI, and bus lines. Features hardwood floors, bonus rooms, and in-unit laundry. Detached garage and alley parking.

12-plex near U of I campus, perfect for grad students. All 2-bedroom units with central A/C & heat, separate gas & electric meters. Water is billed back to tenants. Serious pre-qualified buyers only.

Fixer-upper single home converted into a 4-plex, perfect for investors or flippers. Prime University of Iowa location, walkable to downtown and on bus routes. Needs updates. Sold AS IS.

First time on market! Near Kinnick & UIHC. Fully remodeled 1983 building with new roof, windows, appliances, and in-unit laundry. Great for students and professionals. Potential for extra income.

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).

Fully leased duplex near University of Iowa Hospitals and Clinics. Great rental history, close to amenities, and I-80. 1031 exchange opportunity. Showings by appointment only.

Vogel House offers 24 fully leased rental units in downtown Iowa City. This architecturally designed building features studios, loft penthouses with private balconies, elevator access, and on-site laundry. Excellent rental history and high visibility make it a sound investment opportunity.

Charming American foursquare, updated electric and plumbing, metal roof, updated kitchens, hot water heat, main floor 1-bedroom unit, upstairs 4-bedroom unit with 1.5 baths, large attic, shared driveway. Ideal for a single family or as a duplex.