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$550,000
6342569 MLS
Garrison House — Turnkey Hospitality Investment in the Heart of Clarinda A rare opportunity to own a fully operating, multi-revenue hospitality property generating over $270,000 in combined annual income. Garrison House pairs a beloved full-service restaurant and coffee house with a charming Bed & Breakfast and Airbnb operation — all under one roof, one address, and one seamless guest experience. The Restaurant & Coffee House A local favorite serving up food, beverage, retail, and catering, this concept has built a loyal following with over $220,000 in annual sales. With strong gross margins and an established payroll and operations team already in place, this is a business ready for a new owner to step in and grow — whether through expanded catering, event hosting, or extended hours. The Bed & Breakfast / Airbnb Upstairs (or adjacent), guests enjoy boutique lodging with both traditional B&B bookings and short-term Airbnb rentals, bringing in over $33,000 annually in overnight stays alone. The property's dual-income lodging model captures both the traditional traveler and the modern short-term rental market. Investment Snapshot Based on FY2025 operating income (~$55,637 combined NOI), the property is valued at approximately $618,000 at a 9% cap rate

104 N 16th, Clarinda

Listing courtesy of with Thomas Realty

$185,000
26-1980 MLS
This built-as four-plex offers great income from day one and huge upside potential as well! The building features four efficiency apartments, two on each floor. Each unit is separately metered for gas and electricity, and all four of the four units are currently occupied with tenants paying $700/month! Currently the tenants are responsible to pay their own electricity, Landlord pays gas, water & trash. There is some deferred maintenance on the property, and the units certainly show their age, but for a savvy investor with some renovation know-how this property presents a fantastic opportunity to invest in some improvements and really make the property cash flow! The building is sold as-is.

339 Scott St, Council Bluffs

Listing courtesy of Mark Hanwright with Heartland Properties

$269,900
4 Beds 3 Baths 748820 MLS
Great Investment Opportunity or Owner-Occupant Duplex! This well-maintained ranch-style duplex offers an excellent opportunity for investors or buyers looking to live in one unit while generating rental income from the other. One side is 2 bed 1.5 bath and is currently vacant and offers nearly 1,300 square feet of living space, making it ideal for an owner-occupant or a new rental. The other side is is 2 bed 1 bath upen floor plan unit and is already occupied by a tenant, providing immediate rental income. Each unit offers a comfortable ranch-style layout with a full basement, providing plenty of additional storage and potential. Situated on a nice corner lot, this property offers convenience, flexibility, and excellent potential.

2410-2412 Evelyn Street, Perry

Listing courtesy of Zineta Imamovic with Realty ONE Group Impact

$479,900
5 Beds 4 Baths 748847 MLS
Prime Pella Location | Duplex Across from Lincoln Elementary Great opportunity to own a low-maintenance, purpose-built duplex in a fantastic Pella location! Situated directly across from Lincoln Elementary and just a few blocks from downtown, this property offers convenience, flexibility, and investment potential. The duplex features a 3-bedroom, 1.5-bath unit and a 2-bedroom, 2-bath unit. Perfect for investors or house hackers, you can live in one unit while renting the other to help offset your housing costs, or rent both units for an income-producing investment. A desirable location, two well-sized units, and low-maintenance ownership make this a great opportunity in Pella.

1113 Broadway Street, Pella

Listing courtesy of Austin Steenhoek with Century 21 Signature

$133,000
6342392 MLS
Great investment opportunity with this 2-story duplex featuring separate upper and lower units. Each unit offers 2 bedrooms, a living room, kitchen, and full bath, with large, comfortable rooms throughout. One unit is currently vacant, and interior photos of the vacant unit will be added soon. The property also offers a good-sized yard and a large carport providing plenty of off-street parking. Tenants pay their own gas and electric, while the owner pays water. Live in one unit and collect rental income from the other, or add this property to your investment portfolio. A great opportunity for both owner-occupants and investors! One of the owners is a licensed real estate agent in the State of Iowa.

1146 N Elm St, Ottumwa

Listing courtesy of with Ottumwa Realty

$189,900
6342387 MLS
Once in a lifetime opportunity to own a landmark piece of history right on the main street square in Eldora. The historic Carnegie building stands as a cherished part of the community’s story, offering a rare chance to preserve its legacy while bringing your own vision to life. Whether you dream of continuing a successful restaurant or creating a new destination business, this remarkable property is ready for its next chapter. Featuring over 4,400 square feet between the main level and basement, the building blends timeless character with practical function. Inside, you’ll find soaring ceilings, large windows that fill each room with natural light, multiple dining areas, a bar, an equipped kitchen, four bathroom stalls, and two original wood-burning fireplaces that reflect the craftsmanship and charm of a bygone era. Thoughtful updates throughout make the property operable, move-in ready, and prepared for immediate use. Step into a building rich with history, possibility, and purpose. Bring your business, your creativity, and your passion—and become part of the continuing story of one of Eldora’s most treasured historic spaces. *Kitchen equipment and furnishings are included with the listing; please ask your agent for a detailed list of included and excluded items. Immediate possession is available mid October.

1209 14th Ave, Eldora

Listing courtesy of with Oakridge Real Estate

$99,900
6342354 MLS
Amazing investment opportunity with an approximately 26% CAP rate! This well-maintained side-by-side duplex has seen numerous updates, including a new roof, 13 new windows and new gutters and downspouts. The exterior siding has been sanded, primed, and painted with high-end Sherwin-Williams exterior paint. Brand new appliances, toilets and kitchen flooring included. Selling as is. Unit 217 is currently rented for $850/month, with long-term tenants who have been in place for approximately nine years. Unit 219 is available for rent at $1,250/month can be completely renovated from top to bottom. Live in one side while your tenant helps pay the mortgage, or rent both units for excellent investment potential. Agent owned.

217-219 N 14th St, Keokuk

Listing courtesy of with Weichert Realtors-The Massimo Group

$295,000
4 Beds 2 Baths 748548 MLS
INVESTMENT OPPORTUNITY! Whether you're looking to grow your real estate portfolio or take the first step toward building one, this 2-bedroom, 1-bathroom duplex offers an exciting opportunity! Each unit features a comfortable layout flowing from the living area into the dining space and kitchen, complete with a convenient pantry for additional storage. Step outside to enjoy a quiet backyard—an inviting bonus for residents and a great feature for attracting tenants. Conveniently located with quick access to the interstate, making commuting and getting around a breeze. Add this versatile property to your investment strategy and start building toward your real estate goals!

5802 & 5806 NE 3rd Street, Des Moines

Listing courtesy of Lacie Sibley with Boutique Real Estate

$295,000
4 Beds 2 Baths 748550 MLS
INVESTMENT OPPORTUNITY! Whether you're looking to grow your real estate portfolio or take the first step toward building one, this 2-bedroom, 1-bathroom duplex offers an exciting opportunity! Each unit features a comfortable layout flowing from the living area into the dining space and kitchen, complete with a convenient pantry for additional storage. Step outside to enjoy a quiet backyard—an inviting bonus for residents and a great feature for attracting tenants. Conveniently located with quick access to the interstate, making commuting and getting around a breeze. Add this versatile property to your investment strategy and start building toward your real estate goals!

250 & 252 NE 57th Place, Des Moines

Listing courtesy of Lacie Sibley with Boutique Real Estate

$295,000
4 Beds 2 Baths 748559 MLS
INVESTMENT OPPORTUNITY! Whether you're looking to grow your real estate portfolio or take the first step toward building one, this 2-bedroom, 1-bathroom duplex offers an exciting opportunity! Each unit features a comfortable layout flowing from the living area into the dining space and kitchen, complete with a convenient pantry for additional storage. Step outside to enjoy a quiet backyard—an inviting bonus for residents and a great feature for attracting tenants. Conveniently located with quick access to the interstate, making commuting and getting around a breeze. Add this versatile property to your investment strategy and start building toward your real estate goals!

5636 & 5638 NE 3rd Street, Des Moines

Listing courtesy of Lacie Sibley with Boutique Real Estate

$575,000
6342308 MLS
This is a great opportunity to own one of downtown Ottumwa's nicest buildings. With a recent full restoration this property offers a large open commercial main level. It includes large storefront windows for advertising, exposed brick walls throughout, refinished hardwood floors, new kitchenette area, men's and women's restrooms. It has a traditional meets modern look that is sure to enhance any business. For additional income, there are three remodeled apartments upstairs. One 2 bed 1 bath, and Two 1 bed 1 bath. Most recent rents are $1224, $949, and $1205 - utilities are on the tenants. This property cash flows well, and financials are available to pre-qualified buyers or those with proof of funds and that sign a non-disclosure. Call for more information or to schedule your showing.

325 E Main St, Ottumwa

Listing courtesy of with RE/MAX Pride Oskaloosa

$294,900
6342231 MLS
Excellent investment opportunity to acquire this rare multi-family residential and commercial triplex perfectly situated in a popular arterial commercial district. With separate gas and electric meters to keep overhead low, this property offers options to maximum returns. The property includes abundant front parking space, a highly coveted feature that comfortably accommodates multiple vehicles and provides easy, hassle-free access for commercial clients. Unit 1 (residential) provides a sprawling, rare 4-bedroom layout featuring 1 full bath, a 3/4 ensuite bath, and an additional half bath—ideal as a premium rental or spacious owner's quarters. Unit 2 (Residential) is an efficient 2-bedroom, 1-bathroom layout with lots of natural light. Unit 3 (Flexible/Commercial Space): The ultimate flex option, this space can be utilized immediately as commercial storefront/offices or add a shower and kitchen for comfortable residential living, allowing you to adapt seamlessly to market demand. Each unit has its own private entrance. This home offers a nice sized back yard and is steps away from a vibrant array of local stores, dining, and essential services. The location provides convenience for tenants and maximum accessibility for business operations. Whether you are looking to move in, expand a traditional portfolio, or blend commercial and residential, this versatile property could fit perfectly in your portfolio. To respect tenant privacy, interior photos are available upon request.

1422 1st Ave E, Newton

Listing courtesy of with All In Real Estate Inc

$169,900
6342035 MLS
Prime commercial opportunity in the heart of Union! This 6,000 sq. ft. commercial building is ideally located on Main Street and situated on approximately .8 acres, with an additional parcel included. The property was previously home to the fully operational Gingersnap Convenience Store, offering buyers the option to continue the existing business or reimagine the space for a supper club, retail concept, or another commercial use. Liquor/Beer license active. 3 phase electric to the pole. 6" concrete floor. With excellent visibility, ample space, and a highly desirable location, this property offers endless possibilities for investors, owner-operators, and entrepreneurs. All tanks are above ground for easier access and removal. Contents inside and outside the property are negotiable & can be removed by seller if needed!

407 Main St, Union

Listing courtesy of with Oakridge Real Estate

$159,900
6341948 MLS
Welcome to an prime investment opportunity featuring strong occupancy history and extensive recent capital improvements, situated just two blocks from downtown and the hospital. This meticulously maintained duplex generates $19,800.00 in annual gross rents, making it an ideal asset for both seasoned investors and buyers looking to owner occupy. The property consists of two distinct residential units, including a comfortable two bedroom layout as well as a second unit offering two bedrooms plus a versatile bonus room that works perfectly as an office, nursery, or extra living space. Essential updates have already been completed, giving the next owner true peace of mind. Capitalizing on recent high value renovations, the property features a newer roof, siding, and concrete sidewalk. Beyond the main structure, the lot includes a two car detached garage with convenient alley access, providing highly desirable off street parking or extra storage. Prime central location; this asset provides occupancy, reduced near term maintenance expenses. and strong appeal driven by its walkability to major employers, dining, downtown Grinnell and Unity Point Medical Center. Schedule your private showing today to add this income generating property to your portfolio.

929 931 Spring St, Grinnell

Listing courtesy of with RE/MAX Partners Realty, Grinnell

$240,000
4 Beds 2 Baths 747817 MLS
Great opportunity to add a duplex to your investment portfolio! This property features two 2-bedroom, 1-bath units, each offering a functional layout with comfortable living space, kitchen/dining area and separate entrances. Interior updates can be seen throughout portions of the property, including LVP-style flooring, updated cabinetry and bathroom finishes. Outside, you'll find off-street parking, a fenced yard and upper deck/lower patio areas providing additional outdoor space for each unit. This property is being sold as part of a package and must be purchased together with 900 Morton Ave, Des Moines. Seller will not sell separately. A great opportunity for an investor looking to acquire multiple units in one transaction.

2024-2026 E Caulder Avenue, Des Moines

Listing courtesy of Pennie Carroll with Pennie Carroll & Associates

$137,940
6341916 MLS
Country calm meets convenience just 10 minutes from town in a pair of flexible triplex offerings! You choose the layout that fits your life—this one is a duplex, up and down, maximizing your investment potential. Live in the top efficiency studio apt and rent out the lower 2 bed/2bath or rent both out. The upper two-unit package includes a 563 sq. ft. studio with soaring oak paneled, cathedral ceilings, full bath, kitchenette, and patio, paired with a bright 1,024 sq. ft. 2-bed/2-bath lower level featuring bamboo floors, laundry, and a sunny porch deck. Exterior updates to siding and patios starting soon—keep this in mind when viewing with your agent. Buyers may opt to purchase the entire triplex, or both triplexes together for exceptional investment income potential.

1703d Kosola, Fairfield

Listing courtesy of with Village Realty

$241,500
6 Beds 2 Baths 747580 MLS
Turnkey duplex in Des Moines' River Bend Historic District generating $2,750/month in combined rental income. The first-floor 4-bedroom, 1-bathroom unit rents for $1,550/month and is month-to-month, while the second-floor 3-bedroom, 1-bathroom unit rents for $1,200/month and is on a 6-month lease. The second-floor unit also received a brand new furnace within the past year. With 2,504 square feet across both units, there's plenty of room to spread out, plus both units have laundry rooms and hook ups as an added tenet benefit. Water is owner-paid, while gas and electric are separately metered and tenant-paid. Average gas and electric costs are approximately $186/month for Unit 1 and $149/month for Unit 2. A 2-car detached garage provides additional storage and potential for extra income, all situated on a 0.2-acre lot in the historic River Bend neighborhood.

1250 9th Street, Des Moines

Listing courtesy of Darson Grantham with Keller Williams Realty GDM

$395,000
6341811 MLS
RIVER VIEW QUADPLEX — INVESTMENT OPPORTUNITY WITH STRONG RENTAL HISTORY Exceptional opportunity to own a well-maintained two-story quadplex offering river views, desirable layouts, and excellent rental potential. Each of the four units features 2 bedrooms, 1 full bathroom, 1 half bathroom, a kitchen, and a comfortable living room, providing tenants with functional and appealing living space. Each unit also includes its own screened-in porch overlooking the river, creating a great outdoor space to relax and enjoy the scenic setting. In addition, every unit has its own individual garage stall, providing valuable off-street parking and additional convenience for tenants. All four units are currently occupied with lease agreements in place through 2026, offering an investor immediate rental income and an established tenant base. With four separate units, individual garage stalls, river views, and long-term leases already in place, this property presents an attractive opportunity for both seasoned investors and those looking to add a solid multi-family property to their portfolio.

503 N 3rd St, Keokuk

Listing courtesy of with Vandenberg Real Estate

$260,000
5 Beds 2 Baths 747359 MLS
Come check out this great up-down duplex opportunity near the Highland Park neighborhood! Whether you're looking to add a cash-flowing property to your portfolio or explore the possibilities of house hacking, this property offers plenty of potential. The upper unit features 2 bedrooms, 1 bathroom, an apartment-style layout, and its own private driveway. The lower unit offers 3 bedrooms, 1 bathroom, an additional non-conforming room in the basement, and a partially finished lower level. This unit also features its own private driveway, a 2-car detached garage, and a private fenced backyard. Recent improvements include a new roof, new gutters, and a radon mitigation system already in place, giving the next owner some valuable updates from day one. Don't miss the opportunity to acquire a property with the potential to generate cash flow while offering separate spaces and amenities for each unit. Book your showing today!

4004 Cornell Street, Des Moines

Listing courtesy of Bexaida Dominguez with Keller Williams Realty GDM

$59,900
6341614 MLS
Great opportunity to own a two-story, three-unit property with multiple income-producing spaces and plenty of potential. The first floor features an efficiency apartment as well as a separate two-bedroom unit, each with its own living space and access. The second floor offers an additional one-bedroom apartment. All three units share a common entry accessible from the front porch. The property also includes a shared driveway and a detached garage, providing additional storage or potential rental income. With three separate units and multiple income opportunities, this property offers a solid foundation for an investor looking to add value and increase cash flow. The property is ready for updates and improvements and is being offered as-is. Bring your vision and turn this property into a strong income-producing investment.

1225 Agency St, Burlington

Listing courtesy of with Century 21/Property Professionals