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    Iowa Apartment Buildings for Sale

    156 results
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    Highland Park 7-Unit Multifamily Property
    $300,000
    3,306 SF

    Highland Park 7-Unit Multifamily Property

    3419 1St St, Des Moines, IA 50313

    Turnkey investment property with strong rental history in Des Moines.

    • Strong, consistent income from a fully leased 7‑unit multi‑family property.
    • Prime Highland Park location with easy access to transportation, shopping, and amenities.
    • Current rental certificate in place, ensuring compliance and immediate operation.
    • Separately metered utilities for simplified management and tenant billing.
    • Recent upgrades including a new roof, new sewer line, and backflow system (installed in 2025).
    Updated: Mar 4
    View details
    Well-Maintained Multifamily Investment Opportunity
    $459,900
    9,214 SF

    Well-Maintained Multifamily Investment Opportunity

    1806 Main St, Gowrie, IA 50543

    Eleven-unit multifamily property with income potential in Gowrie, Iowa.

    • High occupancy rate (90.9%) with steady income from 10 leased units.
    • Immediate upside potential with the 11th unit under remodel for market‑rate re‑rental.
    • Attractive 8.35% cap rate at the asking price of $459,900.
    • Low‑maintenance cash flow in a quiet community.
    • Additional income potential by converting the community room into a 12th unit (subject to approvals).
    Updated: Mar 2
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    Fort Dodge Multifamily Investment
    Pending
    $440,000
    9,063 SF

    Fort Dodge Multifamily Investment

    Ten-unit brick building in Fort Dodge, Iowa, for sale.

    319 N 11Th St, Fort Dodge, IA 50501
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    Spirit Lake Eight-Unit Apartment Building
    $900,000
    8,064 SF

    Spirit Lake Eight-Unit Apartment Building

    Well-maintained eight-unit apartment building in revitalizing downtown Spirit Lake.

    1501 Hill Ave, Spirit Lake, IA 51360
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    Sherman Hill Multifamily Investment Opportunity
    $405,000
    3,174 SF

    Sherman Hill Multifamily Investment Opportunity

    Multifamily property in Des Moines' historic Sherman Hill neighborhood.

    732 19Th St, Des Moines, IA 50314
    View details
    Sioux City Mixed-Use Investment
    $375,000
    4,800 SF

    Sioux City Mixed-Use Investment

    Retail space plus four apartments in Sioux City, Iowa.

    4001 Floyd Blvd, Sioux City, IA 51108
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    Sherman Hill Multifamily Investment
    $475,000
    5,692 SF

    Sherman Hill Multifamily Investment

    Six-unit property in Des Moines' desirable Sherman Hill neighborhood.

    686 19Th St, Des Moines, IA 50314
    View details
    Five-Unit Multifamily Property in Des Moines
    $350,000
    2,522 SF

    Five-Unit Multifamily Property in Des Moines

    Well-located 5-unit multifamily property with long-term tenants and upside.

    2936 Brattleboro Ave, Des Moines, IA 50311
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    Well-Maintained Multifamily Investment Opportunity
    $464,900
    9,214 SF

    Well-Maintained Multifamily Investment Opportunity

    Eleven-unit property in excellent condition with strong income potential.

    1806 Main St, Gowrie, IA 50543
    View details
    Iowa City Multifamily Investment Opportunity
    $7,350,000
    2,484 SF

    Iowa City Multifamily Investment Opportunity

    100-unit cooperative project near amenities and community center.

    1100 Arthur St, Iowa City, IA 52240
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    Mixed-Use Brick Income Property
    $350,000

    Mixed-Use Brick Income Property

    Fully rented mixed-use property with commercial space and apartments.

    1735 Central Ave, Dubuque, IA 52001
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    Historic Mixed-Use Property in LeMars
    $625,000
    0.09 Acres

    Historic Mixed-Use Property in LeMars

    Renovated historic commercial building with income-generating apartments in LeMars, Iowa.

    30 Plymouth St SW, Le Mars, IA 51031
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    24-Unit Multifamily Investment Opportunity
    $1,550,000
    9,751 SF

    24-Unit Multifamily Investment Opportunity

    High-performing, fully occupied 24-unit complex in Knoxville, Iowa.

    1718 Dolores St, Knoxville, IA 50138
    View details
    Historic Landmark with Event Spaces
    Pending
    $249,000
    6,000 SF

    Historic Landmark with Event Spaces

    Remarkable Ottumwa landmark with event spaces and apartment potential.

    220 N Court St, Ottumwa, IA 52501
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    Storm Lake Multi-Unit Investment
    $299,000
    5,015 SF

    Storm Lake Multi-Unit Investment

    Six-unit property with exterior parking and shared laundry.

    416 Michigan St, Storm Lake, IA 50588
    View details
    Solon IA Multi-Family 8-Plex
    $750,000
    6,400 SF

    Solon IA Multi-Family 8-Plex

    8-unit multi-family property in Solon, Iowa with growth potential.

    230 S Dubuque St, Solon, IA 52333
    View details
    Sioux City Multi-Unit Investment
    $360,000
    3,579 SF

    Sioux City Multi-Unit Investment

    Five-unit residential property with strong cash flow and recent updates.

    2512 Jones St, Sioux City, IA 51104
    View details
    Downtown Ottumwa Mixed-Use Opportunity
    $415,000
    0.08 Acres

    Downtown Ottumwa Mixed-Use Opportunity

    Two-building bundle with retail, bar/eatery, and apartment potential.

    328 E Main St, Ottumwa, IA 52501
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    Move-in Ready Office Building
    $225,000
    3,500 SF

    Move-in Ready Office Building

    3,500 SF office building suitable for various uses.

    1309 S Broadway St, Toledo, IA 52342
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    Established Fitness Center with Apartments
    $799,000
    4,580 SF

    Established Fitness Center with Apartments

    Turnkey fitness center with four apartments in Calmar, Iowa.

    410 Campus Dr, Calmar, IA 52132
    View details
    Mixed-Use Victorian Building in Red Oak
    $350,000
    7,020 SF

    Mixed-Use Victorian Building in Red Oak

    Mixed-use property with apartments and storefronts in downtown Red Oak.

    418 E Coolbaugh St, Red Oak, IA 51566
    View details
    Historic Dubuque Commercial Building For Sale
    $1,250,000

    Historic Dubuque Commercial Building For Sale

    Five-story building with development potential in downtown Dubuque.

    100 Main St, Dubuque, IA 52001
    View details
    Ames Apartment Building Package
    $2,600,000
    1.62 Acres

    Ames Apartment Building Package

    Six apartment buildings with garages and carports in Ames, Iowa.

    706/ 24Th St, Ames, IA 50010
    View details
    Dubuque Shop/Warehouse with Apartment Potential
    $225,000
    6,500 SF

    Dubuque Shop/Warehouse with Apartment Potential

    6,500+ SqFt shop/warehouse with apartment potential in Dubuque, IA.

    260 E 19Th St, Dubuque, IA 52001
    View details

    Iowa Apartment Buildings Investment Opportunities Market Analysis

    Explore 1357 apartment buildings for sale in Iowa, showcased through 156 active listings on our real estate platform. These investment opportunities span a total of 32,143,014 square feet of properties for sale, with an estimated market value of $783,400,150.

    Sale prices for two-family homes in Iowa start at $45,900, averaging $1,108,062, and reaching up to $29,440,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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