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Iowa Triplexes for Sale

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33 results
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
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Valley Junction Triplex Investment Opportunity
$250,000
2,623 SF

Valley Junction Triplex Investment Opportunity

317 7th Street, West Des Moines, IA 50265

Triplex in historic Valley Junction, West Des Moines. Great investment.

  • Triplex in desirable Historic Valley Junction location.
  • Three separate rental units offer income potential.
  • Spacious upper unit (201) features 2 bedrooms and finished attic flex space.
  • New water heater (2023) and electrical upgrades.
  • Backyard parking with alley access.
Updated: Apr 6
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Des Moines Three-Unit Multifamily Property
$325,000
2,988 SF

Des Moines Three-Unit Multifamily Property

Three-unit property in Des Moines near Ingersoll Avenue District.

459 27th Street, Des Moines, IA 50312
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Winfield Iowa Triplex with Shop
$189,000
4,348 SF

Winfield Iowa Triplex with Shop

Triplex with shop near Iowa City, great investment opportunity.

203 E Ash Street, Winfield, IA 52659
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Grinnell Triplex Investment Opportunity
$138,000
2,435 SF

Grinnell Triplex Investment Opportunity

Triplex near downtown Grinnell and college, great investment potential.

1604 5th Avenue, Grinnell, IA 50112
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Fairfield Triplex Near Campus
$169,000
3,276 SF

Fairfield Triplex Near Campus

Triplex near campus with income potential and separate utilities.

500 N Main Street, Fairfield, IA 52556
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Updated Tri-Plex Investment Opportunity
$315,000

Updated Tri-Plex Investment Opportunity

Fully updated tri-plex with modern finishes and versatile unit mix.

541 Mill Street, Council Bluffs, IA 51503
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Updated Three-Plex Investment Opportunity
$314,900
0.20 Acres

Updated Three-Plex Investment Opportunity

Remodeled three-plex on corner lot with ample parking.

104 maple Street, Janesville, IA 50647
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Fairfield Tri-Plex Apartment Conversion
$219,000
2,325 SF

Fairfield Tri-Plex Apartment Conversion

Tri-Plex with strong rental history and great income potential.

200 E Briggs Avenue, Fairfield, IA 52556
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Income-Producing Anamosa Triplex Opportunity
$125,000
1,658 SF

Income-Producing Anamosa Triplex Opportunity

Turn-key, fully occupied triplex in Anamosa with strong rental income.

209 W Carroll Street, Anamosa, IA 52205
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Ida Grove Triplex For Sale
$349,000
1.06 Acres

Ida Grove Triplex For Sale

Fully occupied triplex with immediate income and private parking.

800 Valley View Drive, Ida Grove, IA 51445
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Sioux City Triplex Investment Opportunity
$207,000
1,584 SF

Sioux City Triplex Investment Opportunity

Well-maintained triplex with updated units, ready for immediate income.

518 S. Helen St., Sioux City, IA 51106
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Three Homes, One Great Investment
$159,900
586 SF

Three Homes, One Great Investment

Three updated homes, immediate cash flow, desirable location.

2055 3rd Ave N, Fort Dodge, IA 50501
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Council Bluffs Three-Unit Property
$299,000
3,196 SF

Council Bluffs Three-Unit Property

Three-unit property with individual laundry and ample parking.

615 WILLOW Avenue, Council Bluffs, IA 51501
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Move-in Ready Ottumwa 3-Plex
$140,000
1,482 SF

Move-in Ready Ottumwa 3-Plex

Remodeled 3-plex near downtown Ottumwa, ideal for investors.

147 N Ward Street, Ottumwa, IA 52501
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Waterloo Triplex Investment Opportunity
$90,000
0.18 Acres

Waterloo Triplex Investment Opportunity

Fully rented triplex near Gates Park, offering immediate cash flow.

314 Lester Street, Waterloo, IA 50703
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Well-Maintained Triplex in Council Bluffs
$275,000

Well-Maintained Triplex in Council Bluffs

Triplex with income-producing units, new roof, and LVP flooring.

909 Ave G, Council Bluffs, IA 51503
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Fully Occupied Three-Unit Property
$260,000

Fully Occupied Three-Unit Property

Well-maintained three-unit apartment building with long-term tenants.

Dewitt, IA 52742
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Dubuque Tri-plex with Garage
$75,000
2,128 SF

Dubuque Tri-plex with Garage

Tri-plex in Dubuque, Iowa with garage and central air.

351 Dorgan Place, Dubuque, IA 52001
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Rented Triplex with Vintage Appeal
$140,000
2,456 SF

Rented Triplex with Vintage Appeal

Well-maintained triplex in Fairfield, Iowa, with strong investment potential.

307 E Briggs Avenue, Fairfield, IA 52556
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Mason City Tri-Plex Investment
$176,000

Mason City Tri-Plex Investment

Spacious tri-plex in Mason City with income potential.

512 N Pennsylvania, Mason City, IA 50401
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Remodeled Cottages Near Bike Trail
$169,500
0.28 Acres

Remodeled Cottages Near Bike Trail

Three remodeled cottages, tenants pay utilities, near bike trail.

212 N Main Street, Woodward, IA 50276
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Spencer, Iowa Triplex Opportunity
$68,000
0.18 Acres

Spencer, Iowa Triplex Opportunity

Three-unit property in Spencer, Iowa, ideal for investment.

807 4th Avenue W, Spencer, IA 51301
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Riverside Triplex in Sioux City
$175,000
1,140 SF

Riverside Triplex in Sioux City

Triplex on Riverside Blvd with garage and recent roof.

2605 Home St., Sioux City, IA 51109
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Iowa Triplexes Investment Opportunities Market Analysis

Explore 33 triplexes for sale in Iowa, showcased through 33 active listings on our real estate platform. These investment opportunities span a total of 221,045 square feet of properties for sale, with an estimated market value of $4,418,300.

Sale prices for three-family homes in Iowa start at $68,000, averaging $220,915, and reaching up to $850,000 — 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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