Multifamily

Iowa Multifamily Properties for Sale

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Des Moines, IA Sioux City, IA Cedar Rapids, IA Waterloo, IA Dubuque, IA Iowa City, IA Ankeny, IA Cedar Falls, IA
411 properties
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Duplex with Separate Driveways
Updated: Jun 11
Duplex with Separate Driveways

2525 51st Street, Des Moines, IA 50310

$469,900
4,135 sqft 0.49 AC lot
Duplex with 9 total bedrooms and 4 bathrooms across two units
Nearly half‑acre lot with separate driveways for each side
Recent interior updates include new luxury vinyl plank flooring, new carpet, fresh paint, and updated vanities in most bathrooms
2525 side: 4 bedrooms, 2 bathrooms, plus an upper‑level bonus space with hardwood floors
2527 side: 5 bedrooms, 2 bathrooms, with a recently updated kitchen
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2525 51st Street, Des Moines, IA 50310

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Two-Story 12-Unit Apartment Building
Updated: Jul 1
Two-Story 12-Unit Apartment Building

515-525 S COLLEGE ST, Sioux City, IA 51106

$960,000
6,526 sqft 0.56 AC lot
12‑unit multifamily built in 1976, offered at $960,000 ($80,000/unit).
Fully occupied: 100% occupancy and $66,748 in NOI reported.
Unit mix includes four 2BR/1BA and eight 1BR/1BA units.
7 of 12 units updated; remaining units offer value‑add potential for a new owner.
Two‑story property with ample on‑site parking.
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7-Unit Multifamily Investment Property
7-Unit Multifamily Investment Property

1005 S GLASS ST, Sioux City, IA 51106

$630,000
5,610 sqft 0.17 AC lot

Single-story 7-unit building with 1BR/1BA units, private entries, and in-wall AC, currently 100% occupied.

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Downtown Mixed-Use Residential Building
Downtown Mixed-Use Residential Building

546 2nd Street, Webster City, IA 50595

$875,000
19,980 sqft 0.25 AC lot

Brick and steel building combines apartments and leased commercial suites in Webster City’s downtown corridor.

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Mixed-Use Building with Retail
Mixed-Use Building with Retail

222 Water St, Cambridge, IA 50046

$999,999
6,554 sqft

A mixed-use property combining retail space with four residential units, including handicap-accessible and recently updated apartments.

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13-Unit Rental Property
13-Unit Rental Property

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

$825,000
6,625 sqft 0.69 AC lot

For sale multifamily with 13 units and reported 100% occupancy, generating over $9,000 in monthly rental income.

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7-Unit Multifamily Investment
7-Unit Multifamily Investment

3312 TRANSIT AVE, Sioux City, IA 51106

$630,000
2,944 sqft 0.24 AC lot

Seven 1BR/1BA units in a single-story building with dedicated off-street parking and coin laundry.

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Fully Occupied Triplex with Separate Meters
Fully Occupied Triplex with Separate Meters

415 E Main Street, Montezuma, IA 50171

$189,000
2,798 sqft 0.20 AC lot

Fully occupied triplex with separate electric meters, HVAC, and laundry hookups, zoned Business/Commercial.

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Mixed-Use Building with Apartment Units
Mixed-Use Building with Apartment Units

510 E Burlington, Iowa City, IA 52240

$925,000
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 Duplex Portfolio
Side-by-Side Duplex Portfolio

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

$590,000
3,499 sqft 0.67 AC lot

Two side-by-side duplexes offer four 3-bedroom units with finished basements and tenant-paid utilities.

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Remodeled Two-Story Duplex
Remodeled Two-Story Duplex

2407 Petsel Place, Iowa City, IA 52246

$504,000
2,190 sqft 0.20 AC lot

Fully remodeled duplex with updated 2025 units and separate short- and long-term rental configurations.

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Mixed-Use Redevelopment with Parking
Mixed-Use Redevelopment with Parking

1104 S Gilbert St, Iowa City, IA 52240

$1,975,000
14,879 sqft

Three-parcel mixed-use property with leased multifamily units, commercial tenants, and ample parking for flexible future use.

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Two-Bedroom 8-Unit Apartment Portfolio
Two-Bedroom 8-Unit Apartment Portfolio

16 Aossey Lane SW, Cedar Rapids, IA 52404

$2,100,000
36,000 sqft 1.52 AC lot

32-unit multifamily property with spacious two-bedroom, one-bath apartments in four well-maintained eight-unit buildings.

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Triplex Income Property with Garage
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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30-Unit Multifamily Apartment Complex
30-Unit Multifamily Apartment Complex

806 15th Avenue SW, Cedar Rapids, IA 52404

$1,900,000
23,590 sqft

Well-maintained four-building apartment complex with updated interiors, off-street parking, and on-site laundry facilities.

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Des Moines Multifamily Investment Opportunity
Des Moines Multifamily Investment Opportunity

2931 Kingman Boulevard, Des Moines, IA 50311

$385,000
3,367 sqft 0.26 AC lot

Five-unit property in Kingman neighborhood with off-street parking.

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Multifamily Redevelopment Corner Site
Multifamily Redevelopment Corner Site

2203-2221 Muscatine Ave, Iowa City, IA 52240

$1,900,000
17,662 sqft 0.87 AC lot

Income-producing multifamily property with an adjacent city parcel for a signalized intersection redevelopment concept.

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Turnkey 8-Plex Rental Property
Turnkey 8-Plex Rental Property

215 Jewel Drive, Ames, IA 50010

$995,000
8,267 sqft 0.57 AC lot

Well-maintained 8-unit multifamily building with multiple two- to four-bedroom layouts and two full baths per unit.

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Sioux City Studio Apartment Building
Sioux City Studio Apartment Building

923 Douglas Street, Sioux City, IA 51105

$1,122,503
18,032 sqft 0.34 AC lot

Studio apartments near downtown Sioux City with assumable loan.

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Separately Metered Live-Work Duplex
Separately Metered Live-Work Duplex

303 S Main Street, Fairfield, IA 52556

$219,000
2,008 sqft 0.20 AC lot

Flexible duplex with separately metered units, multiple entrances, hardwood floors, and an unfinished attic for expansion or customization.

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Mixed-Use Storefront and Apartments
Mixed-Use Storefront and Apartments

206 N Main Street, Charles City, IA 50616

$159,900
4,175 sqft

Fully leased mixed-use building with a ground-floor storefront and two upper apartments, each with in-unit laundry.

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All-Electric New Construction Duplex
All-Electric New Construction Duplex

113 W 6th A (West Side) Street, Woodbine, IA 51579

$259,000
1,140 sqft 0.34 AC lot

New construction duplex with one-level, open-concept layouts, two bedrooms, two baths, and an insulated two-car garage per unit.

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Mixed-Use Downtown Retail and Apartments
Mixed-Use Downtown Retail and Apartments

112 N Iowa St., Solon, IA 52333

$1,000,000
2,312 sqft

Downtown mixed-use building with leasable main-floor commercial space and two rented upper apartments.

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Duplex Income Portfolio Opportunity
Duplex Income Portfolio Opportunity

204 N Main Street, Baxter, IA 50028

$325,000
2,616 sqft 0.21 AC lot

For sale investor package includes 18 units across 9 duplex buildings in Baxter, Iowa.

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Iowa Multifamily Properties Market Trends and Statistics

Explore 411 multifamily properties for sale in Iowa, showcased through 411 active listings on our real estate platform. These investment opportunities span a total of 1,629,899 square feet of properties for sale, with an estimated market value of $280,521,603.

Sale prices for multifamily properties in Iowa start at $34,500, averaging $998,297, and reaching up to $110,000,000 — 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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