Multi-family houses For Sale in Iowa

Excellent investment opportunity! 5 bed, 3 bath house in Iowa City. Leased until July 28, 2024. Features 2 living rooms, 7 parking spaces, newer appliances, and remodeled bath. Tenant pays utilities and snow removal.

Turn-key cash-flowing duplex with new roof (2018) and water heater (2023). Updated electrical, plumbing, and modern updates throughout. 3 bedrooms up, 2 bedrooms down, in-unit W/D in both units. Detached garage. Ideal for savvy investors seeking a rental property.

Investment opportunity! Portfolio of 5 single-family homes near Morningside College and UnityPoint Health. Fully leased with appliances, offering consistent rental income and high occupancy rates. Ideal for experienced or new investors seeking stability and growth in Sioux City.

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

Marion duplex with two 2-bed units, newer roof and siding. Leases in place through 2024 and 2026, rents $750 and $800. Owner pays gas/water, tenants pay electric. Priced below assessed value.

Well-maintained multi-family 4-plex offering a fantastic investment opportunity! Each unit boasts modern finishes and comfortable living spaces. Conveniently located near schools, parks, and major roadways, this turnkey property is ideal for attracting quality tenants and is perfect for expanding your portfolio or seeking a solid income-producing asset.

Investment opportunity! Three-unit property, two with long-term tenants. Recent updates include roof, exterior, water heater, stove, and furnace. Some new vinyl windows.

Amazing owner occupant opportunity! Fully renovated 4 bed, 3.5 bath home with additional 4 bed, 3.5 bath rental unit. Brand new kitchen, bathrooms, flooring, and more. Great investment opportunity with lower mortgage payment. Close to schools and amenities.

Fully occupied 4-plex in Iowa City. Features 2 efficiency units and 2 one-bedroom units, shared laundry, garage, and a private backyard. Month-to-month leases. Great for investors seeking rental income.

Great investment property! North side 5-plex with excellent cash flow and tenant history. Vinyl siding (2019), new common area flooring. Three units recently remodeled. Ideal for investors seeking strong returns.

Near Kinnick Stadium! 4BR/3BA house + 10 apartments. Great rental income potential ($152,100), long-term tenants. Game day parking income.

Fully leased duplex near University of Iowa Hospitals and Clinics. Great rental history and location. 1031 exchange opportunity. Rent increases coming June 1, 2025. Call for showing.

Well-maintained fourplex in North Sioux City offering consistent cash flow. Features new flooring and appliances in select units. Ideal for investors seeking value appreciation. Includes 3 bedrooms, 1 bath, and three studio units.

Live in one, rent the other! This established neighborhood duplex features 2 bedrooms, 1.5 baths in each unit. Large lot, 16x20 shed, new roof, LVP flooring, updated kitchens & baths, and more! Turn-key ready!

Up & down duplex with separate utilities. Fenced backyard, appliances included. Main floor vacant, upper unit has month-to-month tenants. Solid property with great potential.

Well-maintained 5-unit property with strong income potential. Updated 1-bedroom units rent for $600/month each, generating $3000/month gross income. Basement access offers laundry potential. Ideal for investors seeking added value.

Fully occupied duplex and cottage, offering immediate rental income. Updated units with modern kitchens, new flooring, and private entries. Great for investors, traditional sale or contract available.

Iconic income property in Iowa City's Near Northside! Features 2 long-term commercial tenants (pizza and laundromat), 16 apartments, and is always fully rented. Recently added to the Iowa City Historical list, offering tax credits and rehab funding opportunities.

32-unit residential rental property fully leased until July 2025. Features 1, 2, and 3-bedroom units with an average rent of $820, convenient parking, and proximity to the University of Iowa. Excellent rental history.

Duplex sold as package deal with another property (MLS #202502562). Currently leased until July 31, 2026, with tenants paying all utilities. 24-hour notice required for showings. Sold as-is, no repairs by seller.

Vogel House offers 24 leased rental units (20 studios, 4 penthouses with balconies) in downtown Iowa City. Features include elevator access, on-site laundry, and a prime location near the University of Iowa.

7 well-maintained rental homes with recent updates. Many feature new interiors, exteriors, roofs, furnaces, kitchens, and more. Ideal for investors seeking rental properties.

Triplex near Downtown Vinton! Features one 2-bedroom and two 1-bedroom units. Well-maintained with great rental income. Interior inspection and lease agreements after contract acceptance. Contact Johnson Real Estate for details.

Duplex sold as package deal (see MLS #202502562 for details). Leased until July 31, 2026, with tenants paying utilities. 24-hour notice required for showings. Sold as-is; no repairs by seller.

Well-maintained 5-plex in Morningside with strong NOI. Three units recently renovated. Offers immediate cash flow and opportunity to maximize returns. Ideal for investors seeking a reliable, long-term investment with minimal maintenance.

Nice 4-plex with rents at $750 (2 units) and $850 (2 units). Tenants pay electric; landlord covers water, heat, and common area lighting. Showing scheduled for 4/12/2025, 10:00-11:00 am. Agent related to seller.

Charming home with character, leases signed into 2026, extra parking income, large yard, close to downtown Iowa City. Up/down duplex, tenant pays utilities, newer water heater. Rental permits active. Listing agent to be present for showings. Suitable for investors.

39 fully rented condos in downtown Iowa City, steps from Pentacrest & Old Capital. Features lofts (400-635 sq ft), elevator, on-site laundry, full appliance packages, & large windows. Ideal investment opportunity.

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

Duplex sold as package deal (see MLS #202502562 for details). Leased until July 31, 2026, with tenants paying utilities. 24-hour notice required for showings. Sold as-is; no repairs by seller.

Investment opportunity: Four 2-bed, 2-bath zero-entry rental units in Solon, IA. Leased through August 2025. Sold as a package only. Agent related to seller.

Investment opportunity: six-plex near Grandview Park with low vacancy rates and strong cash flow. Ideal for seasoned or new multifamily investors seeking reliable income and long-term growth.

Fully leased 9-unit apartment complex near the University of Iowa. Features studios, 1 & 2 bedroom units, on-site laundry, and tenant-paid utilities. Many recent updates.

Fully leased duplex near University of Iowa Hospitals and Clinics. Great rental history and location. Ideal for investors seeking a 1031 exchange opportunity. Showings available weekdays 9-3 via ShowingTime.

5-unit property with long-term tenants offering strong income potential. Ideal for investors seeking stable rental returns.

Three units available: two 2-bedroom and one 3-bedroom. Each includes a stove, refrigerator, and off-street parking. Ideal for families or roommates.

Leased until July 31st, 2026, this unit is available for sale individually or as a package (see MLS#202502562). Sold as-is, no repairs by seller. 24-hour notice for showings required. Tenants pay all utilities.

Beautifully renovated duplex ideal for investors or those seeking a live-in rental. Features include fresh paint, new flooring, updated kitchens and bathrooms, new deck, and ample storage. Each unit boasts 2 bedrooms.

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

Duplex sold as package deal (see MLS #202502562 for details). Leased until July 31, 2026, with tenants paying all utilities. 24-hour notice for showings. Sold as-is.