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    Iowa Multifamily Properties for Sale

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    Des Moines, IA Dubuque, IA Ankeny, IA
    398 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 generating over $9,000 monthly income.

    • Immediate, stabilized cash flow of over $9,000 monthly with 100% occupancy.
    • Diverse unit mix (13 units total) including 1‑bedroom brick homes, studios, and 2‑bedroom units.
    • Tenants pay all utilities except water, ensuring predictable overhead.
    • All major appliances included with units for seamless transition.
    • One unit has a full basement with potential for conversion to additional living space.
    Updated: Apr 16
    View details
    New Multifamily Property in Hiawatha
    $850,000
    5,250 SF

    New Multifamily Property in Hiawatha

    225 Clymer Road, Hiawatha, IA 52233

    Newly constructed triplex with immediate income and strong hold potential.

    • New Construction: Brand‑new multifamily property built in 2026.
    • Immediate Income: Current rent roll of $6,500/month and $78,000 gross annual income.
    • Attractive Cap Rate: Positioned at an approximately 7.72% cap rate.
    • Spacious Units: Each unit offers approximately 1,750 finished square feet with 3 bedrooms and 2.5 bathrooms.
    • Modern Finishes: Units feature open‑concept layouts, modern kitchens with white cabinetry, quartz countertops, stainless steel appliances, and durable LVP flooring.
    Updated: Feb 17
    View details
    Well-Maintained Multifamily Investment Opportunity
    $459,900
    9,214 SF

    Well-Maintained Multifamily Investment Opportunity

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

    1806 Main Street, Gowrie, IA 50543
    View details
    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
    View details
    Iowa City Multifamily Condominiums
    $520,000
    3,696 SF

    Iowa City Multifamily Condominiums

    Four condominiums with rental history near UIHC and schools.

    Iowa City, IA 52246
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    Des Moines Fourplex Investment Opportunity
    $310,000
    2,509 SF

    Des Moines Fourplex Investment Opportunity

    Fourplex near Drake College, ideal for investors or owner-occupants.

    1148 36th Street, Des Moines, IA 50311
    View details
    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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    Sioux City Turnkey Investment Property
    $420,000
    12,576 SF

    Sioux City Turnkey Investment Property

    Turnkey 6-unit investment property in Sioux City, Iowa.

    400 S MULBERRY ST, Sioux City, IA 51106
    View details
    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
    View details
    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
    Remodeled Duplex Near Clear Lake
    $450,000
    2,818 SF

    Remodeled Duplex Near Clear Lake

    Turnkey duplex near Clear Lake's entertainment and downtown district.

    11 Sunset View Drive, Clear Lake, IA 50428
    View details
    Updated Fourplex in Burlington, Iowa
    $249,900
    2,584 SF

    Updated Fourplex in Burlington, Iowa

    Well-maintained fourplex with updated apartments near downtown Burlington.

    1108 Jefferson Street, Burlington, IA 52601
    View details
    Des Moines Duplex with Updates
    $300,000
    1,596 SF

    Des Moines Duplex with Updates

    Side-by-side duplex with recent updates and fenced yards.

    4557 50th Street, Des Moines, IA 50310
    View details
    Ames Multifamily Investment Opportunity
    $555,000
    3,596 SF

    Ames Multifamily Investment Opportunity

    Two well-maintained duplexes with strong rental history in Ames, Iowa.

    913 Garfield Avenue unit: 913/915/917/919, Ames, IA 50014
    View details
    Des Moines Multifamily Investment Opportunity
    $1,250,000
    8,736 SF

    Des Moines Multifamily Investment Opportunity

    Eight-unit multifamily property near downtown Des Moines.

    2316 51st Street, Des Moines, IA 50310
    View details
    Versatile Two-Story Newton Multifamily Property
    $159,000
    1,908 SF

    Versatile Two-Story Newton Multifamily Property

    Two-story property with flexible options for homeowners or investors.

    412 S 2nd Avenue E, Newton, IA 50208
    View details
    Iowa City Multifamily Investment Property
    $309,950
    1,146 SF

    Iowa City Multifamily Investment Property

    Charming duplex near downtown Iowa City and University of Iowa.

    409 S 7th Avenue, Iowa City, IA 52245
    View details
    Council Bluffs Fourplex Opportunity
    $375,000
    3,584 SF

    Council Bluffs Fourplex Opportunity

    Fully occupied fourplex with long-term tenants and upside potential.

    403 VOORHIS Street, Council Bluffs, IA 51503
    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
    View details
    Turnkey Duplex Investment Opportunity
    $320,000
    1,768 SF

    Turnkey Duplex Investment Opportunity

    Income-generating duplex with long-term tenants in Des Moines.

    1004 Kingman Circle, Des Moines, IA 50311
    View details
    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
    Mixed-Use Investment Opportunity
    $350,000
    400 SF

    Mixed-Use Investment Opportunity

    Commercial space with four apartments in Sioux City, Iowa.

    4001 Floyd Blvd, Sioux City, IA 51108
    View details

    Iowa Multifamily Properties Investment Opportunities Market Analysis

    Explore 398 multifamily properties for sale in Iowa, showcased through 398 active listings on our real estate platform. These investment opportunities span a total of 575,263,083 square feet of properties for sale, with an estimated market value of $1,149,910,748.

    Sale prices for multifamily properties in Iowa start at $39,500, averaging $901,183, 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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