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    Clay County, IA Multifamily Properties for Sale

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    Des Moines, IA Cedar Rapids, IA Sioux City, IA Waterloo, IA Iowa City, IA Dubuque, IA Davenport, IA Cedar Falls, IA
    7 properties
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    New Construction Duplex
    Updated: Jun 12
    New Construction Duplex

    1612 W 11th Street, Spencer, IA 51301

    $289,900
    1,223 sqft 0.13 AC lot
    Under‑construction 2025 ranch‑style duplex property
    1,223 square feet with two bedrooms and two bathrooms
    Maple cabinets, quartz countertops, 9‑ft ceilings, and Pella windows
    9ft x 15ft covered porch with potential for four‑season enclosure
    Double attached garage is lined, insulated, and heated
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    Triplex with Basement
    Updated: Dec 8, 2025
    Triplex with Basement

    807 4th Avenue, Spencer, IA 51301

    $63,000
    0.18 AC lot
    Three‑unit multifamily property with 6 bedrooms and 3 bathrooms
    0.1818‑acre parcel in Spencer, Iowa
    Built in 1900; repairs and updates are needed
    Basement included
    Forced‑air heating, vinyl siding, and asphalt roof
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    Four-Unit Apartment Property
    Four-Unit Apartment Property

    215 2nd Avenue W, Spencer, IA 51301

    $140,000
    2,688 sqft

    Four separate one-bedroom residences are contained within a single multifamily property in Spencer.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Duplex With Full Basement
    Duplex With Full Basement

    429 & 431 4th Avenue, Spencer, IA 51301

    $175,000
    1,632 sqft

    Two-unit property with updated mechanical systems and refreshed paint in one residence.

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    Four-Unit Apartment Building
    Four-Unit Apartment Building

    206 W 3rd Street, Spencer, IA 51301

    $165,000
    2,716 sqft

    Fully occupied property with four one-bedroom, one-bathroom units and recently installed windows.

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    41-Unit Apartment Building
    41-Unit Apartment Building

    1212 S Grand Avenue, Spencer, IA 51301

    Contact for pricing

    Updated apartment community with private balconies, individual heating and cooling, and garage parking.

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    68-Unit Concrete Apartment Building
    68-Unit Concrete Apartment Building

    110 4th Street SE, Spencer, IA 51301

    Contact for pricing

    Well-built concrete multifamily with individually metered electric and A/C in all units.

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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 7 Active listings in Clay County, IA, we suggest exploring several alternatives: similar 2 Off-Market properties to explore as potential leads

    Off-Market Properties in Clay County, IA

    Consider similar Off-Market properties in Clay County, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    317 18th St
    MOBILE HOME PARK, TRAILER PARK

    317 18th St, Spencer, IA 51301-3400

    $200,000
    Estimated value
    3.75 AC lot
    View details
    317 11th SE St
    MOBILE HOME PARK, TRAILER PARK

    317 11th SE St, Spencer, IA 51301-6045

    $215,000
    Estimated value
    8,738 sqft 1.65 AC lot
    View details

    Clay County, IA Multifamily Properties Market Trends and Statistics

    Explore 9 multifamily properties for sale in Clay County, IA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 8,259 square feet of properties for sale, with an estimated market value of $832,900.

    Sale prices for multifamily properties in Clay County, IA start at $63,000, averaging $166,580, and reaching up to $289,900 — 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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