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$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

$359,000
6341571 MLS
Move-in ready and full of potential! This well-maintained condo/duplex, built in 2002, offers numerous updates throughout and a great, thoughtfully designed layout that makes the most of every square foot. Each unit features 2 bedrooms, 2 bathrooms, over 1,030 square feet of finished living space, and convenient main-level laundry, creating comfortable and functional one-level living. Each unit also includes an unfinished basement, providing plenty of additional storage space and future possibilities. Both units feature their own screened-in porch, the perfect place to relax, unwind, and enjoy views of the oversized yard. Situated on a desirable corner lot, the property offers an extra-large backyard with plenty of space to enjoy the outdoors. Conveniently located within walking distance of local parks and downtown Mount Pleasant, this property combines a great layout, comfortable living spaces, outdoor enjoyment, and an excellent location. Whether you're looking to add to your investment portfolio or explore other ownership possibilities, this move-in-ready property is one you won't want to miss!

201 N Jay St, Mount Pleasant

Listing courtesy of with Cottage Realty

$284,900
7 Baths 6341562 MLS
Four-Unit Multifamily Investment Opportunity This one-of-a-kind four-family conversion offers an excellent opportunity for investors looking for an established rental property with strong income potential. Thoughtfully converted into four separate units, the property offers a functional layout and a unique investment opportunity. Each of the four units features 2 bedrooms and 1 bathroom, with shared laundry conveniently located in the common area. All four units are occupied and current monthly rents: - Unit A: $1,065/month - Unit B: $1,025/month - Unit C: $1,225/month - Unit D: $850/month Landlord currently pays the utilities. Recent exterior improvements include a new metal roof and gutters on the north portion of the building in 2024 and new vinyl siding installed in 2022. The property also includes a small garage and outdoor garden shed, adding valuable storage and functionality. With four well managed income-producing units, recent exterior updates, and a unique conversion that offers plenty of character, this property presents an excellent opportunity for both seasoned investors and those looking to expand their rental portfolio. This property is owned by the Listing Agent.

206 E Hempstead Ave, Fairfield

Listing courtesy of with Mossy Oak Properties Boley Real Estate

$275,000
6 Beds 2 Baths 746894 MLS
Ready to start or expand your real estate investment portfolio? Look at this rare opportunity in the coveted Drake neighborhood. Well maintained with updated rental certificate, 2 unit with private assigned parking for 5. Each unit has updated flooring, cabinetry, appliances and in unit laundry. Unit 1 is a 3 bedroom with a fabulous kitchen space and loads of charm. Unit two is a spacious three bedroom with a large living room. Current market rent for these two units is $2700. Both units are perfect for short or long term rental or owner occupancy. Properties that perform as well as this, with potential for more, do not come to market often in this neighborhood. Schedule a showing today!

2940 Brattleboro Avenue, Des Moines

Listing courtesy of Adam Steger with Realty ONE Group Impact

$135,000
6340545 MLS
Welcome to this well-maintained up-and-down duplex offering spacious and comfortable living in both units. Each unit features 2 bedrooms, generous living spaces, functional kitchens with plenty of cabinet storage, and full bathrooms. Large windows fill the home with natural light, creating a bright and inviting atmosphere throughout. A 1-stall attached garage provides convenient parking and additional storage. Whether you're looking for space for extended family, multi-generational living, or simply appreciate the flexibility of a duplex, this property offers a versatile layout in a convenient location close to schools, parks, and everyday amenities. *Property is being sold as a package with six properties total: 511 N Jackson Ave, 242 14th St SE, 402 7th St SE, 119 S Pennsylvania Ave, 323 9th St NE, and 18 Linden Dr*

402 7th St Se, Mason City

Listing courtesy of with Jane Fischer & Associates LLC

$150,000
6340544 MLS
Blending classic character with flexible living space, this side-by-side duplex offers two 2-bedroom, 1-bath units, each with its own distinct layout. Hardwood flooring adds warmth and timeless appeal throughout much of the home, while the enclosed porch provides a welcoming space to enjoy every season. Both kitchens offer generous work areas and connect easily to the dining and living spaces, creating a layout that's easy to enjoy day to day. Step outside to the upper-level deck, a great place to unwind or entertain, overlooking the backyard below. A detached 2-stall garage adds valuable parking and storage, completing a property that offers charm, versatility, and plenty of room to make your own. *Property is being sold as a package with six properties total: 511 N Jackson Ave, 242 14th St SE, 402 7th St SE, 119 S Pennsylvania Ave, 323 9th St NE, and 18 Linden Dr*

18 Linden Dr, Mason City

Listing courtesy of with Jane Fischer & Associates LLC

$165,000
6340543 MLS
Welcome to this side-by-side duplex offering a fantastic investment opportunity or owner-occupant potential! Each unit features a comfortable layout with spacious living areas, functional kitchens with ample cabinetry, and generously sized bedrooms filled with natural light. The property includes a detached 2-stall garage, providing convenient parking and additional storage. With separate entrances and a practical floor plan, this duplex is ideal for generating rental income or multi-generational living. Conveniently located near schools, parks, shopping, and other local amenities, this property offers endless possibilities for investors and homeowners alike. Don't miss your chance to own this versatile income-producing property! *Property is being sold as a package with six properties total: 511 N Jackson Ave, 242 14th St SE, 402 7th St SE, 119 S Pennsylvania Ave, 323 9th St NE, and 18 Linden Dr*

242 14th St Se, Mason City

Listing courtesy of with Jane Fischer & Associates LLC

$150,000
6340542 MLS
Discover the flexibility and charm of this side-by-side duplex featuring 2-bedroom units on each side. Both units offer comfortable living rooms, functional kitchens with plenty of workspace, and spacious bedrooms designed for everyday living. Large windows allow natural light to brighten each home, creating an inviting atmosphere throughout. A detached 2-stall garage provides convenient parking and additional storage, while separate entrances offer privacy for each unit. Located in an established neighborhood near Music Man Square & MacNider Art Museum, this property offers a practical layout, generous living space, and the versatility to fit a variety of needs. *Property is being sold as a package with six properties total: 511 N Jackson Ave, 242 14th St SE, 402 7th St SE, 119 S Pennsylvania Ave, 323 9th St NE, and 18 Linden Dr*

119 S Pennsylvania Ave, Mason City

Listing courtesy of with Jane Fischer & Associates LLC

$330,000
6340144 MLS
Step back in time with this spacious 4-5-bedroom historic home in the upper level, full of character and endless potential. This classic property features a traditional floor plan with a welcoming parlor, large living room, formal dining room, one unfinished bedroom, and a generously sized kitchen on the main floor ready for your vision. This home also includes an unfinished basement, offering ample storage or future renovation possibilities, along with a convenient two-car garage. While this home is in need of significant repairs and updates, it presents a rare opportunity for investors, renovators, or anyone looking to restore a piece of history to its former glory. Original architectural details and timeless charm provide a solid foundation for a remarkable transformation. If you're searching for a project with character, space, and the opportunity to create something truly special, this historic home is ready for its next chapter. Call today for a personal tour, this is one you do not want to miss!

222 S Main St, Denison

Listing courtesy of with Neppl Real Estate

$209,000
11865300 MLS
This property offers endless opportunity for buyers!! This property is located in Matlock Iowa and currently was utilized as a grain elevator and grain storage, This property offers so much potential with all the features it presents. This property has great potential for its current use with all its grain storage capacity of one million plus bushels, but this property features many more buildings which could be utilized for a host of multi purposes business uses a elevator, new or existing business's, farmers, recreational storage, and so much more. This property includes an approx. 1120 sf. office building 2 offices reception area and restrooms with septic and basement and also has approx. 1200 sf. attached cold storage area with overhead door. This property also features a weightronix 120,000 LB truck scale with Fairbanks scale control. Also included on this property are several buildings including a approx. 64 x 92 warehouse building with concrete floor, a Approx. 80 x 300 building with concrete floor, a 40 x 260 building with concrete floor. This property also features Approx. 14 concrete grain silos.( Note the sellers discloses that they do not use the North 3 Concrete Silos) This property also feature 2 dump pits and grain legs with receiving capacity of 5000 Bushel and 15000 Bushel per hour grain receiving capacity. This property also has extra potential with a vacant lot located on the east side of the property. The warehouse buildings are not insulated. This property has the potential to store Approx. 1,000,000.00 bushel of grain according to registered grain bin chart. There is a grain dryer on the property that is currently not functional. The sellers prefer to sell the property as one parcel but would consider separate parcel options potentially. The possibilities that this property can offer are unlimited with many options be sure to check it out today!!! Properties of this nature are hard to find. If this property is purchased for a grain facility there are special terms from the seller. Do not miss this property today and be sure to make an appointment to see for your self the potential that it offers. All measurements are from county assessor info and grain chart and are not guaranteed.

495 Ledyard Ave, Matlock

Listing courtesy of Mark Zomer with Zomer Company

$109,900
6340028 MLS
Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this triplex offers an excellent opportunity! With tenants already in place, this property provides immediate rental income from day one. The building features three units, including two main-level apartments—an efficiency unit and a one-bedroom unit—and a spacious two-bedroom apartment on the upper level. A new boiler installed in 2025 adds peace of mind for future ownership. Situated on a generous 0.48-acre lot, tenants can enjoy plenty of outdoor space, and the detached double garage offers additional storage or the potential for future rental income, as it has not previously been utilized by tenants. All utilities are currently included in the rent, making this a turnkey investment with room for future value-add opportunities. Don't miss your chance to start—or grow—your real estate portfolio with this solid income-producing property!

403 S 4th Ave E, Lake Mills

Listing courtesy of with Realty ONE Group Black Diamond

$189,000
6339897 MLS
Looking for an investment property that can cash flow immediately? Look no further. Located just a block from the Montezuma square this triplex is fully occupied. Monthly rent is currently $2,200 (Main level - 1 BR $600, 1 BR $700, Upper level - 3 BR $900). Tenants pay for their own utilities. The owner pays for mowing and snow removal. Parts of all three units have been updated within last 24 months with most notably updates to main floor kitchen ('26), upstairs shower, kitchen floor and paint ('26), new windows and renovated third bedroom in upper unit offering more living space. Each unit has a full bath, kitchen with owner-owned appliances, its own electric meter, HVAC system and laundry hookups. The building is well maintained with vinyl siding, metal roof, most of the windows have been replaced, circuit breaker panels, and HVAC systems. Profit/Loss provided upon request.

415 E Main St, Montezuma

Listing courtesy of with AE Realty, Inc

$295,000
6 Beds 2 Baths 744198 MLS
Investor package 18 units/9 buildings- Nevada, Roland, Baxter 48 hour showing request. Proof of funds required. These properties provide spacious living areas, comfortable bedroom sizes, and practical everyday living with strong appeal for both occupants and rental use. Whether you are looking to expand your portfolio, live in one side and rent the other, or add a low-maintenance property to your investment plans, these duplexes offer flexibility to fit a variety of goals. Convenient community settings with easy access to nearby amenities make these an excellent opportunity for both immediate use and long-term ownership. *inside photos are similar to all units. Each unit is a little different All information obtained from seller and public records.

102 E Walnut Street, Roland

Listing courtesy of Heather Schmidt with RE/MAX Precision

$504,000
4 Beds 2 Baths 743899 MLS
Whether you're an investor chasing yield or an owner looking to house hack your way into real estate, 2407 Petsel Place checks every box. This fully remodeled two-story duplex delivers a great cap rate with two income streams built in — a short-term rental upstairs and a long-term tenant downstairs — both units freshly updated in 2025 and ready to cash flow from day one. Location does the heavy lifting here. Situated less than 2 miles from the University of Iowa, UI Hospitals & Clinics, and Kinnick Stadium, this property sits in one of Iowa's most consistent rental corridors — low vacancy, steady demand, and a tenant pool that never dries up. Add a grocery store nearby and direct access to the Iowa City bus line, and you have a property that practically rents itself. Live downstairs, collect rent upstairs — or add it to your portfolio as a standalone acquisition or part of a larger Iowa City package that is currently available.

2407 Petsel Place, Iowa City

Listing courtesy of Brenda Phongsavanh with Realty ONE Group Impact