Multi-family houses For Sale in Iowa City, IA

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.

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.

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.

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.

Lovely up/down duplex in Iowa City, blocks from City Park and U of I. Offers 2+1 and 1+1 units with additional office space. Rents are $990 & $1150 through July 2025 and then $1035 & $1240 through July 2026. Includes internet, detached garage, and parking. Ideal for single-family living or investment.

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.

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.

Two-unit investment property with off-street parking. Main unit features LVP flooring, eat-in kitchen, laundry, living room, bath, and bedroom. Upstairs unit includes kitchen, living room, bonus room, and large bedroom. Great outdoor space!

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.

Charming American foursquare, currently a duplex (easily convertible to single-family), boasting updated electric, plumbing, kitchens, and a metal roof. Features spacious units with multiple bedrooms, ample storage, and gleaming wood floors. Ideal for those seeking a blend of modern updates and period charm.

Two 2 bed 1 bath units in Iowa City, each with hardwood floors, living & dining rooms, bonus rooms, and in-unit laundry. Features detached garage, alley parking, and covered porches. Close to downtown, University of Iowa, and bus lines. Ideal for investors seeking rental income.

Well-maintained 11-unit apartment building near Kinnick Stadium & UIHC. Fully remodeled units feature wood floors, updated kitchens & baths, and in-unit laundry in select units. New roof, gutters, and updated mechanical systems. Excellent rental income potential.

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.

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.

12-unit apartment building in Iowa City with 11 two-bedroom and 1 one-bedroom units. Spacious living areas, well-equipped kitchens, shared laundry. Excellent rental potential, near University of Iowa, shopping, and transportation. Ideal for students and families.

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.

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

Charming 4-unit investment property near Downtown Iowa City. Each unit features modern amenities and original charm. Prime location, strong rental history, and potential for long-term growth. Ideal for investors seeking immediate returns.

Eight-unit condo building with recent updates: LED lighting, new flooring, stainless steel appliances, and exterior improvements. Six garages, some three-car capacity. Currently rented, offering property tax savings and individual sale potential.

100-unit cooperative, all leased. 66 one-bedroom (575 SF), 34 two-bedroom (800 SF). Features grassy area, separate laundry rooms, basement storage, 100 parking spaces, & bus service. Near amenities & new community center. Individual unit sales possible.

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.

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

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.

1939 charmer with 2 units, each having 1 bedroom, 1 bath, hardwood floors, and a 1-car garage. Features include sunrooms, a nice backyard, and an ornate iron fence. Ideal for owner-occupancy or rental income. Sold as is.