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    Iowa Apartment Buildings for Sale

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    Des Moines, IA Dubuque, IA Ankeny, IA
    138 results
    Fully Occupied Multi-Unit Investment
    $850,000
    6,625 SF

    Fully Occupied Multi-Unit Investment

    2429-47 Williams Ave., Sioux City, IA 51103

    Thirteen-unit property in Sioux City with immediate cash flow.

    • Immediate, stabilized cash flow with over $9,000 in monthly rental income.
    • 100% occupancy rate across 13 units.
    • Diverse unit mix: individual brick homes (1‑bedroom), studio apartments, and 2‑bedroom units.
    • Tenants pay for all utilities except water.
    • One unit features a full basement with potential for conversion into additional living space.
    Updated: Apr 16
    View details
    Well-Maintained Multifamily Investment Opportunity
    $459,900
    9,214 SF

    Well-Maintained Multifamily Investment Opportunity

    1806 Main Street, 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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    Multi-Unit Building Near University
    $550,000
    4,000 SF

    Multi-Unit Building Near University

    Nine-unit building with strong rental history and convenient location.

    Iowa City, IA 52240
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    Income-Producing 6-Plex Near Downtown
    $314,900
    3,250 SF

    Income-Producing 6-Plex Near Downtown

    Spacious 6-plex with high occupancy and additional expansion lot.

    306 Haskell St., Fort Dodge, IA 50501
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    Central City Multifamily Investment Property
    $439,000
    5,000 SF

    Central City Multifamily Investment Property

    Well-maintained 6-unit property with strong occupancy history.

    50 W Broadway, Central City, IA 52214
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    Mixed-Use Asset Near Wartburg College
    $755,000
    0.21 Acres

    Mixed-Use Asset Near Wartburg College

    High-visibility mixed-use property with residential units and commercial potential.

    805 W Bremer Avenue, Waverly, IA 50677
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    Multifamily Property in Drake Area
    $340,000
    2,522 SF

    Multifamily Property in Drake Area

    Five-unit multifamily property with income potential in Des Moines, Iowa.

    2936 Brattleboro Avenue, Des Moines, IA 50311
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    Sherman Hill Multifamily Investment Opportunity
    $399,900
    3,174 SF

    Sherman Hill Multifamily Investment Opportunity

    Multifamily property in Des Moines' historic Sherman Hill neighborhood.

    732 19th Street, Des Moines, IA 50314
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    Ames 8-Plex Investment Opportunity
    $995,000
    8,267 SF

    Ames 8-Plex Investment Opportunity

    Turnkey 8-unit multifamily property with strong rental history in Ames.

    215 Jewel Drive unit: 1-8, Ames, IA 50010
    View details
    Cedar Falls Multifamily Investment Property
    $439,000
    0.30 Acres

    Cedar Falls Multifamily Investment Property

    Six-unit rental property in Cedar Falls' college hill area.

    2115 Walnut Street, Cedar Falls, IA 50613
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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 Street, Des Moines, IA 50314
    View details
    Historic Mixed-Use Building in LeMars
    $625,000
    0.09 Acres

    Historic Mixed-Use Building in LeMars

    Renovated commercial building with apartments and high visibility.

    Le Mars, IA 51031
    View details
    Fort Dodge Investment Portfolio
    $212,800
    4,899 SF

    Fort Dodge Investment Portfolio

    Five-unit multifamily investment portfolio with strong rental history in Fort Dodge.

    208/210/214/308 N 10th St/South 19th St, Fort Dodge, IA 50501
    View details
    Versatile Commercial Property with Income Potential
    $1,690,000
    0.99 Acres

    Versatile Commercial Property with Income Potential

    Flexible commercial space with bays, offices, and apartment conversion potential.

    Iowa City, IA 52246
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    Two-Building Bundle in Downtown Ottumwa
    $415,000
    0.08 Acres

    Two-Building Bundle in Downtown Ottumwa

    Versatile mixed-use property with retail and residential income potential.

    328 & 314 E Main Street Unit 314 E Main, Ottumwa, IA 52501
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    Versatile Commercial Space in Manchester
    $425,000
    14,850 SF

    Versatile Commercial Space in Manchester

    Historic commercial building with retail, storage, and residential potential.

    107 S Franklin St, Manchester, IA 52057
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    Coralville Multi-Family Investment Property
    $725,000
    2,244 SF

    Coralville Multi-Family Investment Property

    6-plex with strong rental history near University of Iowa.

    504 2nd Ave, Coralville, IA 52241
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    Cash-Flowing Multifamily Near Campus
    $479,000
    0.15 Acres

    Cash-Flowing Multifamily Near Campus

    Eight-unit multifamily property near campus with strong income potential.

    2221 Olive Street, Cedar Falls, IA 50613
    View details
    Cedar Falls Multifamily Investment Property
    $439,000
    0.13 Acres

    Cedar Falls Multifamily Investment Property

    Multifamily property with six units near college.

    810 W 25th Street, Cedar Falls, IA 50613
    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
    Iowa City Condominium Investment Opportunity
    $1,450,000
    11,088 SF

    Iowa City Condominium Investment Opportunity

    Twelve condominiums with rental history near UIHC and schools.

    Iowa City, IA 52246
    View details
    Mixed-Use Building in Story City
    $339,000
    3,586 SF

    Mixed-Use Building in Story City

    Commercial and residential income property in Story City, Iowa.

    527 Broad Street, Story City, IA 50248
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    Highland Park 7-Unit Multifamily Property
    $289,900
    3,306 SF

    Highland Park 7-Unit Multifamily Property

    Turnkey investment property in Des Moines' Highland Park neighborhood.

    3419 1st Street, Des Moines, IA 50313
    View details
    Mixed-Use Property in Williamsburg, IA
    $224,900
    0.34 Acres

    Mixed-Use Property in Williamsburg, IA

    Mixed-use property with apartments and storage bays in Williamsburg.

    102 Washington Street, Williamsburg, IA 52361
    View details

    Iowa Apartment Buildings Investment Opportunities Market Analysis

    Explore 1339 apartment buildings for sale in Iowa, showcased through 138 active listings on our real estate platform. These investment opportunities span a total of 31,658,183 square feet of properties for sale, with an estimated market value of $774,842,850.

    Sale prices for two-family homes in Iowa start at $45,900, averaging $1,089,793, 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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