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    Council Bluffs, IA Multifamily Properties for Sale

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    Omaha, NE Papillion, NE Carter Lake, IA
    Fully Updated Conversion Triplex
    $315,000
    Fully Updated Conversion Triplex

    541 Mill Street, Council Bluffs, IA 51503

    Updated triplex with three occupied units and completed major systems, offering flexible unit configurations for owners and investors.
    • Fully updated conversion tri‑plex with major upgrades already completed
    • Recent improvements include new windows, roof, siding, electrical, plumbing, and HVAC
    • Unit mix: 2 bed/1 bath, 1 bed/1 bath, and studio/1 bath
    • All units feature updated kitchens and bathrooms with modern finishes
    • All three units are currently occupied
    Updated: Mar 5
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    Council Bluffs Mixed-Use Property
    $225,000
    3,976 SF
    Council Bluffs Mixed-Use Property

    519 S MAIN Street, Council Bluffs, IA 51503

    Commercial space with two apartments, all currently rented.
    • Investment opportunity with existing rental income.
    • Includes a commercial space and two apartments.
    • Two apartments: one 2‑bedroom and one 1‑bedroom.
    • Constructed of brick.
    • Central air conditioning for year‑round comfort.
    Updated: Sep 23, 2025
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    Historic Senior Living Community
    $2,950,000
    63,097 SF
    Historic Senior Living Community

    36-unit independent senior living community in Council Bluffs, Iowa.

    25 Linden Ave S, Council Bluffs, IA 51503

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in Council Bluffs, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Duplex with Remodeled Homes
    $290,000
    Duplex with Remodeled Homes

    Two remodeled homes on one lot, with 2025 exterior and HVAC updates and one unit currently rented.

    3022 S 20 Street, Omaha, NE 68108

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    Omaha Multi-Family Investment Opportunity
    $339,000
    Omaha Multi-Family Investment Opportunity

    Four-unit property in South Omaha with income and value-add potential.

    1924 S 17th Street, Omaha, NE 68108

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    High-Rise Apartment Community
    $7,800,000
    75,240 SF
    High-Rise Apartment Community

    132-unit high-rise adjacent to Creighton University, supporting student and workforce housing needs.

    320 North 22nd Street, Omaha, NE 68102

    View details
    Four-Unit Multifamily Investment Property
    $325,000
    2,986 SF
    Four-Unit Multifamily Investment Property

    Four-unit property with short-term and long-term rental income potential.

    2526 S 10th St, Omaha, NE 68108

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Improved Residential Lot Ready-to-Go
    Contact for pricing
    Improved Residential Lot Ready-to-Go

    Affordable, improved corner lot in Davis City, Iowa.

    SE Corner W High Street, Davis City, IA 50065

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    Leavenworth Land For Sale
    $1,750,000
    35.00 Acres
    Leavenworth Land For Sale

    35 acre commercial lot with utilities ready for development.

    13788 McIntyre1 Road, Leavenworth, KS 66048

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    Waterfront Recreational Land Parcel
    $124,900
    9.30 Acres
    Waterfront Recreational Land Parcel

    Private lakeshore acreage with a gravel central drive and recognized RV or seasonal campground potential, subject to approvals.

    Fulda, MN 56131

    View details
    Prime Land Near Drake Harbor
    $295,000
    14.00 Acres
    Prime Land Near Drake Harbor

    14 acres near Drake Harbor, ideal for development and investment.

    14 Acres 7, Warsaw, MO 65355

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    Off-Market Properties in Council Bluffs, IA

    Consider similar Off-Market properties in Council Bluffs, 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.

    733 Mynster St
    APARTMENT HOUSE (5+ UNITS)
    2,832 SF Lot: 0.13 Acres
    Value Estimation by Request

    733 Mynster St, Council Bluffs, IA 51503-0656

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    1030 Broadway
    APARTMENT HOUSE (5+ UNITS)
    1,497 SF Lot: 0.14 Acres
    Value Estimation by Request

    1030 Broadway, Council Bluffs, IA 51503-1522

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    251 29th St
    APARTMENT HOUSE (UNDER 5 UNITS)
    5,488 SF Lot: 0.13 Acres
    Value Estimation by Request

    251 29th St, Council Bluffs, IA 51501-2042

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    909 Ave G G
    APARTMENT HOUSE (UNDER 5 UNITS)
    1,800 SF Lot: 0.07 Acres
    Value Estimation by Request

    909 Ave G G, Council Bluffs, IA 51503-2712

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    3530 12th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    Lot: 0.21 Acres
    Value Estimation by Request

    3530 12th Ave, Council Bluffs, IA 51501-5664

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    829 6th Ave
    APARTMENT HOUSE (5+ UNITS)
    1,446 SF Lot: 0.11 Acres
    Value Estimation by Request

    829 6th Ave, Council Bluffs, IA 51501-6309

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    3522 12th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    Lot: 0.20 Acres
    Value Estimation by Request

    3522 12th Ave, Council Bluffs, IA 51501-5664

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    213 30th St
    APARTMENT HOUSE (UNDER 5 UNITS)
    Lot: 0.06 Acres
    Value Estimation by Request

    213 30th St, Council Bluffs, IA 51501-2049

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    221 30th St
    APARTMENT HOUSE (UNDER 5 UNITS)
    Lot: 0.06 Acres
    Value Estimation by Request

    221 30th St, Council Bluffs, IA 51501-2050

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    3209 11th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    Lot: 0.25 Acres
    Value Estimation by Request

    3209 11th Ave, Council Bluffs, IA 51501-6704

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    1689 College Rd
    APARTMENT HOUSE (UNDER 5 UNITS)
    Lot: 3.56 Acres
    Value Estimation by Request

    1689 College Rd, Council Bluffs, IA 51503-4820

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    111 Stutsman St
    APARTMENT HOUSE (5+ UNITS)
    2,073 SF Lot: 0.10 Acres
    Value Estimation by Request

    111 Stutsman St, Council Bluffs, IA 51503-4424

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    2405 5th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    Lot: 0.31 Acres
    Value Estimation by Request

    2405 5th Ave, Council Bluffs, IA 51501-5911

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    2033 4th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,828 SF Lot: 0.13 Acres
    Value Estimation by Request

    2033 4th Ave, Council Bluffs, IA 51501-3726

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    1315 3rd St
    APARTMENT HOUSE (UNDER 5 UNITS)
    Lot: 0.19 Acres
    Value Estimation by Request

    1315 3rd St, Council Bluffs, IA 51503-6897

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    3141 Ave A A
    APARTMENT HOUSE (UNDER 5 UNITS)
    Lot: 0.14 Acres
    Value Estimation by Request

    3141 Ave A A, Council Bluffs, IA 51501-1949

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    1000 5th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    Lot: 0.11 Acres
    Value Estimation by Request

    1000 5th Ave, Council Bluffs, IA 51501-4075

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    2422 7th Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,816 SF Lot: 0.22 Acres
    Value Estimation by Request

    2422 7th Ave, Council Bluffs, IA 51501-5978

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    3201 Ave B B
    APARTMENT HOUSE (UNDER 5 UNITS)
    Lot: 0.14 Acres
    Value Estimation by Request

    3201 Ave B B, Council Bluffs, IA 51501-1957

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    712 35th St
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,136 SF Lot: 1.24 Acres
    Value Estimation by Request

    712 35th St, Council Bluffs, IA 51501-0650

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    522 4th St
    APARTMENT HOUSE (5+ UNITS)
    1,543 SF Lot: 0.18 Acres
    Value Estimation by Request

    522 4th St, Council Bluffs, IA 51503-6534

    View details

    Council Bluffs, IA Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in Council Bluffs, IA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 67,073 square feet of properties for sale, with an estimated market value of $3,175,000.

    Sale prices for multifamily properties in Council Bluffs, IA start at $225,000, averaging $1,587,500, and reaching up to $2,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Triplexes 1

    Demographics Overview

    Population 72K
    Population Growth (5Y) -0.1%
    Median Household Income $67,976
    College Educated 20.5%

    High-Yield Neighborhoods for Investment

    Identify Council Bluffs submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    51503 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 3.11%
    Property Tax per SF $33.60 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Pottawattamie County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Council Bluffs fall within the 10,000 to 25,000 square foot range.

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