Lee County, IA Multifamily Properties for Sale

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Updated: Mar 12

Updated Duplex with Private Yard

1117 Avenue D, Fort Madison, IA 52627

$172,000

2,000 sqft 0.25 AC lot

Main floor 2‑bedroom unit with vinyl plank flooring, quartz countertops, cherry‑finish cabinetry, and stainless appliances
Upstairs apartment with exterior access, open concept living/dining/kitchen, 1 bedroom, and washer/dryer hookups
Private backyard with composite deck and awning, plus perennial flowers and a remote‑controlled water feature
Includes a 3‑car garage and a carport reserved for the tenant
Year built 1900 with vinyl siding and a shingle roof

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This listing looks promising.

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1117 Avenue D, Fort Madison, IA 52627

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Est. Cap Rate

8.9%
Above avg (5.9%)
Est. NOI

$15K
Annual
Price @ 7% Cap

$219K
Above asking
Property Type

Duplex
Built 1900

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Updated: Aug 19

Two-Story Quadplex with River Views

503 N 3rd St, Keokuk, IA 52632

$395,000

2,040 sqft

Four‑unit residential property with 2,040 square feet
Each unit includes 2 bedrooms, 1 full bathroom, and 1 half bathroom
Private screened porch and river views accompany every unit
Individual garage stall provided for each unit
All 4 units are occupied with leases through 2026

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Side-by-Side Duplex with Hardwood Floors

707 FRANKLIN, Keokuk, IA 52632

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5,124 sqft 0.17 AC lot

Historic two-unit residence with spacious layouts, original woodwork, and separate living areas on each side.

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Two-Story Riverfront Quadplex

503 N 3rd St, Keokuk, IA 52632

$395,000

2,040 sqft

Four occupied units feature private screened porches, individual garage stalls, and leases extending through 2026.

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Mixed-Use Bar and Restaurant

707 Main Street, Keokuk, IA 52632

$350,000

0.13 AC lot

Main Street property combines an equipped dining and bar operation with two upstairs rental apartments and a rear patio.

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Brick Side-by-Side Duplex

208 S 14Th Street, Keokuk, IA 52632

$39,900

2,420 sqft 0.17 AC lot

Brick side-by-side duplex with forced-air heating and public water service in Keokuk, IA.

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Duplex with On-Street Parking

613 N 10Th Street, Keokuk, IA 52632

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1,746 sqft 0.06 AC lot

Wood-sided duplex with forced-air heat and window cooling, on-street parking, and public water services.

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Side-by-Side Duplex with Hardwood Floors

707 Franklin St, Keokuk, IA 52632

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5,124 sqft

Two connected residences offer extensive room layouts, updated electrical equipment, and newer furnaces on both sides.

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Four-Unit Apartment Building

621 Concert Street, Keokuk, IA 52632

$70,000

2,756 sqft 0.16 AC lot

Quadplex with one-bedroom apartments, rear covered parking, and public water service.

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Keokuk Duplex with Garage

1329 Des Moines, Keokuk, IA 52632

$59,000

1,764 sqft

Occupied duplex on corner lot with two-car garage.

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Quadplex with Paved Parking

713 Avenue E, Fort Madison, IA 52627

$245,000

3,943 sqft

Brick four-unit property offering one two-bedroom residence and three one-bedroom residences near historic downtown.

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Updated Apartment Building

227 Morgan St, Keokuk, IA 52632

$299,500

Apartments offer living rooms, kitchens, bedrooms, baths, and patio areas off the kitchens.

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Mixed-Use Building with Four Apartments

606-610 9Th Street, Fort Madison, IA 52627

$95,000

Historic commercial property combines adaptable storefront space with upper-level residential units and updated mechanical systems.

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Triplex with Flexible Unit Mix

1223-1225 Fulton Street, Keokuk, IA 52632

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Residential income property with two one-bedroom units and one larger three-bedroom unit.

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Occupied Duplex with Two-Car Garage

1329 Des Moines St, Keokuk, IA 52632

$54,900

1,764 sqft

Two-unit property on a corner lot with both residences currently leased.

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Renovated Triplex with Carriage House

315 Morgan Street, Keokuk, IA 52632

$149,900

3,122 sqft

Three-unit property with updated interiors, varied layouts, and a detached carriage house currently used for storage.

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Two-Unit Duplex

822 Morgan Street, Keokuk, IA 52632

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Up-and-down configuration with tenants in place and tenant-paid utilities.

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Two-Story Duplex with Basements

301 Morgan Street, Keokuk, IA 52632

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Side-by-side units offer private outdoor areas, separate mechanical systems, and flexible storage across multiple levels.

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Duplex with Three-Car Garage

2711-2713 Avenue K, Fort Madison, IA 52627

$76,900

2,174 sqft

Two-level rental property with separate tenant-paid utilities, central air, and a detached garage.

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38-Site Mobile Home & RV Park

2460 340th St, Keokuk, IA 52632

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The property includes tenant-owned homes, rent-to-own occupancy, and vacant lots equipped with infrastructure.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 20 Active Listings in Lee County, IA, we suggest to view alternatives - similar 27 Off-Market properties to explore as potential leads.

Off-Market Properties in Lee County, IA

Consider similar Off-Market properties in Lee 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.

MOBILE HOME PARK, TRAILER PARK

3902 Blf Rd, Fort Madison, IA 52627-2165

$1,100,000

Estimated value

6.73 AC lot

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MOBILE HOME PARK, TRAILER PARK

3806 Main St, Keokuk, IA 52632-2058

$330,000

Estimated value

10.54 AC lot

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MOBILE HOME PARK, TRAILER PARK

115 Oak St, Donnellson, IA 52625-9648

$85,000

Estimated value

0.45 AC lot

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MOBILE HOME PARK, TRAILER PARK

1717 35th St, Fort Madison, IA 52627-3421

$240,000

Estimated value

2.33 AC lot

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Lee County, IA Multifamily Properties Market Trends and Statistics

Explore 47 multifamily properties for sale in Lee County, IA, showcased through 20 active listings on our real estate platform. These investment opportunities span a total of 36,017 square feet of properties for sale, with an estimated market value of $2,402,100.

Sale prices for multifamily properties in Lee County, IA start at $39,900, averaging $184,776, and reaching up to $395,000 — 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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