Iowa Multifamily Properties for Sale

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Des Moines, IA Cedar Rapids, IA Sioux City, IA Waterloo, IA Iowa City, IA Davenport, IA Dubuque, IA Cedar Falls, IA

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Updated: Jul 20

Three-Building Apartment Property

1735 Madison St, Dubuque, IA 52001

$750,000

8,496 sqft

Three‑building apartment property
Eight rental units across the package
8,496 square feet of property size
Year built: 1890
Located at 1735 Madison St, Dubuque, IA 52001

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1735 Madison St, Dubuque, IA 52001

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Est. Cap Rate

8.6%
Above avg (5.9%)
Est. NOI

$65K
Annual
Price @ 7% Cap

$923K
Above asking
Property Type

Apartments (Generic)
Built 1890

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Updated: Aug 17

17-Unit Apartment Building

2212 Okoboji Ave, Milford, IA 51351

$950,000

10,882 sqft 0.35 AC lot

17‑unit apartment property with 10 traditional apartments and 7 furnished, dorm‑style rooms
10,882 square feet on 0.35 acres
Furnished rooms support short‑term rental operations, including Airbnb
Located along Hwy 71 in Milford, Iowa
Residential zoning: res

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15-Unit Apartment Building

301 21st Street, Sioux City, IA 51104

$1,025,000

9,000 sqft 0.08 AC lot

Four-level property with remodeled residences, new appliances, and full current occupancy.

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Updated Fourplex With Expansion Space

791 Nevada Street, Dubuque, IA 52001

$525,000

7,608 sqft

Four three-bedroom apartments feature refreshed interiors, separate utility metering, private decks, and designated basement laundry areas.

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12-Unit Apartment Building

301 College St, Tiffin, IA 52340

$1,375,000

5,880 sqft

R4-zoned multifamily property near I-80 with individual gas heat and through-wall air conditioning.

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7-Unit Apartment Building

1005 S GLASS ST, Sioux City, IA 51106

$630,000

5,610 sqft 0.17 AC lot

Single-story residences feature private entries, in-wall AC, and one bedroom with one bathroom per unit.

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Renovated Waterfront Duplex

10585 Crowley Avenue, Spirit Lake, IA 51360

$779,000

1,824 sqft 0.30 AC lot

Four-bedroom property with a basement, central air, private water service, and public sewer near Big Spirit Lake.

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Wetland-Adjacent Duplex

603 202nd Street, Milford, IA 51351

$550,000

2,988 sqft 0.23 AC lot

Two-level property with generous living areas, a main-floor primary suite, covered deck, and access to an association swimming pool.

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Renovated Mixed-Use Property

1043 & 1053 Main St, Dubuque, IA 52001

$749,000

5,500 sqft

Two retail spaces and two remodeled apartments provide four established income streams.

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13-Unit Apartment Building

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

$825,000

6,625 sqft 0.69 AC lot

Fully occupied apartment property with varied unit configurations, included appliances, and tenant-paid utilities other than water.

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7-Unit Apartment Building

3312 TRANSIT AVE, Sioux City, IA 51106

$630,000

2,944 sqft 0.24 AC lot

Single-story property includes one-bedroom residences, dedicated parking, coin laundry, and window and central air conditioning.

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Renovated 33-Unit Apartment Community

4406 North Division Street, Davenport, IA 52806

$2,350,000

24,525 sqft 1.15 AC lot

Two-building residential community with updated interiors and a mix of one- and two-bedroom floor plans.

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Downtown Mixed-Use Building

546 2nd Street, Webster City, IA 50595

$875,000

19,980 sqft 0.25 AC lot

Renovated brick-and-steel property combines apartment residences with leased commercial suites and on-site coin laundry.

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32-Unit Apartment Property

16 Aossey Lane SW, Cedar Rapids, IA 52404

$2,100,000

36,000 sqft 1.52 AC lot

Four buildings contain two-bedroom, one-bath apartments in a professionally maintained multifamily setting.

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24-Unit Apartment Building

1718 & 1804 Dolores St, Knoxville, IA 50138

$1,550,000

9,751 sqft

The property combines two-bedroom units with private balconies, garages, and additional storage.

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Remodeled Two-Story Duplex

2407 Petsel Place, Iowa City, IA 52246

$504,000

2,190 sqft 0.20 AC lot

Two updated units offer distinct rental arrangements, outdoor living areas, garage parking, and convenient access to public utilities.

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Mixed-Use Property with Off-Street Parking

304 Franklin Street, Delhi, IA

$179,000

4,172 sqft

Commercially zoned building combining residential rooms with existing heating, cooling, and kitchen appliances.

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Two-Bedroom 6-Unit Apartment Building

2340 Central Ave, Dubuque, IA 52001

$500,000

4,298 sqft

6 units with two bedrooms each and plenty of off-street parking, with separate gas meters for tenant billing flexibility.

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Fourplex Residential Income Property

1307 Florida Avenue, Ames, IA 50014

$510,000

4,026 sqft 0.30 AC lot

Fourplex offering 2 fireplaces per unit and spacious kitchens with large bedroom layouts.

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6-Unit Multifamily Apartment Building

504 2nd Ave, Coralville, IA 52241

$1,150,000

4,488 sqft

Well-maintained 6-unit multifamily with an excellent rental history near major employers, shopping, and transit corridors.

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Triplex Income Property with Garage

403 S 4Th Avenue E, Lake Mills, IA 50450

$109,900

1,811 sqft 0.48 AC lot

Three-unit triplex with two main-level apartments and a two-bedroom upper unit, plus a detached double garage.

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Mixed-Use Building with Apartment Units

510 E Burlington, Iowa City, IA 52240

$875,000

5,184 sqft

Two street-level commercial spaces and four apartments share dedicated parking, supporting flexible mixed-use occupancy in Iowa City.

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Side-by-Side Quadplex Property

707 & 715 E Mckinley Avenue, Des Moines, IA 50315

$590,000

3,499 sqft 0.67 AC lot

Four residential units offer basement space, private outdoor areas, and shared driveway access in a consolidated configuration.

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Two-Unit Duplex with Screened Porches

201 N Jay Street, Mount Pleasant, IA 52641

$359,000

1,030 sqft 0.49 AC lot

Both residences offer one-level layouts with main-level laundry, unfinished basements, and individual screened porches.

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Iowa Multifamily Properties Market Trends and Statistics

Explore 1024 multifamily properties for sale in Iowa, showcased through 1024 active listings on our real estate platform. These investment opportunities span a total of 4,036,340 square feet of properties for sale, with an estimated market value of $371,342,085.

Sale prices for multifamily properties in Iowa start at $34,500, averaging $550,952, and reaching up to $12,400,000 — 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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