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$170,900
4 Beds ⋅ 2 Baths ⋅ 742845 MLS
CALLING ALL INVESTORS THAT WANT TO EXPAND THEIR RENTAL PORTFOLIO! This duplex is being sold additionally to the single family home next door. All three properties are rented and the tenants would be happy to stay. Each unit offers 2 bedrooms, 1 bath, all appliances and their own storage shed. Great location and opportunity!

118 W 11th Street N, Newton

Listing courtesy of Corrie Davis with Realty ONE Group Impact
$425,000
6 Beds ⋅ 4 Baths ⋅ 742879 MLS
With NINE total bedrooms and 4 bathrooms, this is a turnkey investment opportunity nestled on a nearly half-acre lot on Des Moines' desirable northwest side! Offering an impressive amount of living space, this property combines modern updates with functional layouts and endless possibilities. Recent improvements throughout both units include new luxury vinyl plank flooring, new carpet, fresh paint, and updated vanities in most bathrooms. The exterior features newer vinyl siding, recent foundation work, separate driveways for each side, and a detached two-car garage. The 2525 side offers 4 bedrooms and 2 bathrooms, along with a versatile upper-level bonus space featuring beautiful hardwood floors - perfect for a playroom, home office, hobby space, or additional living area. The 2527 side includes 5 bedrooms and 2 bathrooms and features a recently updated kitchen. Inside the front entrance, each unit has its own dedicated mudroom closet storage, creating a practical and welcoming entryway. The expansive lot provides plenty of room to enjoy outdoor activities, gardening, or simply the privacy that comes with extra space. Whether you're looking for a multi-generational living arrangement, owner-occupancy with additional income potential, or a one-of-a-kind rental property, this duplex has it all. It's a rare opportunity! All information obtained from seller and public records.

2525 51st Street, Des Moines

Listing courtesy of Amy Dempsey with RE/MAX Precision
$89,900
6339264 MLS
Retail business site in the heart of uptown, business with 4 apartments upstairs. Full basement also used for retail. 2 toilet rooms on main floor. Upstairs apartments have 3 fixture baths, kitchenettes, living room/dining room and separate bedrooms. All appliances included. Upstairs does not have central air. Expenses are estimates only. 3 apartments rented for $1300 per month and storefront $500 per month. Landlord pays gas and water.

210 W Montgomery St, Creston

Listing courtesy of with R Realty
$197,000
6339236 MLS
Location, location, location! Most recently home to Bountiful Bakery, this versatile property offers exceptional potential as an investment, owner-occupied residence, multi-family rental, or the perfect place to launch your business. With separately metered units and approximately 2,000 square feet of usable space (includes 2.50 baths), the property provides flexibility for a variety of living and income-producing arrangements. Whether you're looking to occupy the entire building, generate rental income while living on-site, or create a unique live-work setup, the possibilities are extensive. Features include multiple entrances (front, side, and rear), beautiful hardwood floors, updated bathroom spaces, a side deck, garage space, and a shaded backyard. An unfinished attic offers additional potential for expansion or customization. Conveniently located near shopping, dining, services, and other everyday amenities, this property presents a rare opportunity to add value and make it your own.

303 S Main St, Fairfield

Listing courtesy of with Fairfield Real Estate
$675,000
6339231 MLS
The Budget Inn 34-unit motel, conveniently located just off Exit 75 of Interstate 80, is perfectly positioned in a high-traffic area that benefits from significant visibility and accessibility. The surrounding environment is vibrant, filled with various businesses, restaurants, and services that cater to travelers and locals alike, making it an ideal spot for a motel. ### Key Features - **Well-Maintained Property**: The motel is in excellent condition, showcasing a commitment to upkeep and cleanliness. Each unit is designed for comfort, equipped with essential amenities to ensure a pleasant stay for guests. - **Operational Ready**: The sale includes all necessary furnishings, equipment, and systems to run the motel efficiently. This means new owners can step in without the need for major investments or renovations. - **Growth Potential**: With its strategic location and the surrounding business activity, there is substantial potential for growth. Opportunities may include: - **Enhanced Marketing**: Targeting business travelers, tourists, and local events. - **Partnerships**: Collaborating with nearby businesses for referral programs or package deals. No guarantee contained information is completely accurate. Any potential buyer should verify the information contained in this description ..

100 5th St, Adair

Listing courtesy of with Thomas Realty
$253,000
6339118 MLS
New construction duplex in Harvest Hills Subdivision! Each side offers 1,140 sq ft of easy-care living all on one level. Features include 2 BR, 2 BA, open concept layout, primary en suite, insulated 2-car garage, and all-electric, energy-efficient design. Thoughtfully built for comfort and convenience, this low-maintenance property also includes a 1-year builder warranty. Located close to the school and the CREW Center, this is a great opportunity for owner-occupants, investors, or those looking to simplify without sacrificing quality.

113 W 6th A West, Woodbine

Listing courtesy of with Realty One Group Sterling - Woodbine
$232,000
4 Beds ⋅ 2 Baths ⋅ 742480 MLS
Nice investment property; live in one unit and rent the other unit . This Duplex has two nicely sized bedrooms in each unit and is in a great area with over 900 sq. ft. of finished area in each.

2030-2032 E Caulder Avenue, Des Moines

Listing courtesy of Michael Clark with RE/MAX Concepts
$300,000
26-1127 MLS
Now offering individual units for sale or make an offer as a package! All units rented at 950.00 per month.

221 N 30th St, Council Bluffs

Listing courtesy of Clinton Brunow with Heartland Properties
$300,000
26-1126 MLS
Now offering individual units for sale or make an offer as a package! All units rented at 950.00 per month.

213 N 30th St, Council Bluffs

Listing courtesy of Clinton Brunow with Heartland Properties
$235,000
6339077 MLS
Don't miss this excellent investment opportunity with this fully occupied 4-plex offering immediate rental income and long-term potential. The property features a desirable unit mix of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units, appealing to a wide range of tenants. Each unit is equipped with its own washer and dryer, adding convenience and increasing tenant satisfaction. With a strong rental history and consistent occupancy, this is an ideal property for both first-time investors and seasoned landlords looking to expand their portfolio. Tenants enjoy ample off-street parking and a spacious shared courtyard complete with a basketball hoop and picnic table, creating a welcoming outdoor space for recreation and relaxation. Whether you're looking to grow your investment holdings or secure a reliable income-producing property, this well-maintained 4-plex is a rare opportunity to own a proven income-producing asset.

18 S 5th St, Albia

Listing courtesy of with RE/MAX Pride Ottumwa
$259,000
4 Beds ⋅ 2 Baths ⋅ 741798 MLS
Updated Duplex which is perfect for either the experienced investor, or possibly the perfect set up if you have ever wanted to live on one side and pick your tenant neighbor! Updated flooring recently, all appliances included with purchase! Each side has (2) bedrooms and a full bathroom upstairs, nice main level living room, kitchen with eat in space as well as laundry on main. Sliding glass patio door leads you to spacious backyard! A garage is nice for some storage, etc. Each side is rented currently. Roof/gutters (2020) hvac (2019/2020). Tenants pay gas and electric on separate meters. All information obtained from seller and public records. Call today for a tour and details!

1229 Mckinley Avenue, Des Moines

Listing courtesy of Alisha Stewart with Goldfinch Realty Group
$289,900
3 Beds ⋅ 3 Baths ⋅ 6338785 MLS
: Located in Manning! This beautiful new 3-bedroom, 2.5-bath duplex offers a unique style with an open floor plan and high ceilings throughout. Step into the spacious living room that flows seamlessly into the kitchen and dining area, creating a bright and inviting space for everyday living and entertaining. Convenient main-floor laundry adds to the ease of living. You’ll love the quality kitchen featuring quartz countertops, stylish farmhouse sink, breakfast bar, brand-new appliances, and many special features throughout. The dining area offers plenty of space for family gatherings and includes patio doors leading to the deck. Upper level includes 3 bedrooms, highlighted by a spacious primary suite with private bath, plus 2 additional bedrooms and another full bath. The spacious finished garage provides easy access to the kitchen and dining area for added convenience. Don’t miss the opportunity to own one of these beautiful new duplexes — call today for your personal tour!

109 Center St, Manning

Listing courtesy of with Denison Realty, LLC
$210,000
4 Beds ⋅ 2 Baths ⋅ 11792160 MLS
Investment Opportunity in Larchwood, Iowa Duplex or Single-Family Potential! Check out this versatile 2-story property in Larchwood, Iowa! Currently set up as a duplex, this home offers great income potential while also giving you the option to convert it back into a spacious single-family home. The lower unit features 2 bedrooms, 1 bathroom, and its own private laundry area, currently generating $450/month in rental income. The upper unit also offers 2 bedrooms, 1 bathroom, private laundry, and generates in $500/month in rental income. Sewer and water are currently paid by the owner. Electric and garbage are paid by tenants. Whether you're looking to expand your investment portfolio, live in one unit while renting the other to help offset your mortgage, or transform the property into a family home, the opportunities are endless with this property! Don't miss your chance to own a flexible property with income-producing potential in a great small-town community.

1125 Broadway st, Larchwood

Listing courtesy of Ryan Zomer with Zomer Company
$277,000
6338658 MLS
Well-maintained church property offering flexible space for a variety of uses. The main sanctuary features high ceilings and ample open area for customizable seating. Additional amenities include a fellowship hall, large gymnasium, and full basement—ideal for events, classes, offices, or storage. Property includes living quarters, perfect for on-site management or rental income. With generous space and existing layout, this property is well-suited for continued use as a church, or conversion to an event center, community venue, or other mixed-use opportunities. Convenient location with on-site parking adds to the appeal. A unique investment opportunity with unlimited potential.

339 N Grand St, Chariton

Listing courtesy of with Iowa Realty - Chariton
$300,000
26-990 MLS
Downtown Missouri Valley mixed-use investment opportunity! This property features approximately 2,500 sq. ft. of commercial frontage space on the main level and four remodeled one-bedroom apartments upstairs. All apartment units are leased and occupied, providing immediate rental income. Renovated in 2022, each unit includes all appliances, including washers and dryers. The commercial space offers excellent visibility and value-add potential, creating an opportunity to increase cash flow. A turnkey investment with stable income, modern updates, and room for future growth in a prime downtown location.

206 W Erie St, Missouri Valley

Listing courtesy of The Cook Team with NextHome In The Bluffs
$179,900
6338424 MLS
This is a great investment opportunity! Live on one side, rent the other to help with your mortgage payment, or rent out both and build your income! This side by side duplex offers 2 bedrooms and one bath per unit. There is a basement available for storage as well for each unit. Utilities are metered separately, and paid by the tenants. Each unit has access to a stall in the detached garage, plus there is a driveway or street parking available if needed. Call to schedule your private showing!

2514-2516 Sunset Dr, Iowa Falls

Listing courtesy of with Ferris Real Estate
$145,000
6338410 MLS
CASH FLOW WITH CHARACTER! This 4 plex brings together timeless details, functional living spaces, & the kind of income potential investors are always searching for. Each one-bedroom unit offers a comfortable layout with hardwood floor accents that add a touch of personality. Upper-level tenants enjoy private decks perfect for winding down at the end of the day, while the main-level units feature patios that extend the living space outdoors. A detached 3-stall garage provides added value with extra parking, storage, or rental opportunities. The property offers flexibility for seasoned investors looking to expand their portfolio or for someone ready to step into multi-family ownership with a strong foundation already in place. Opportunities like this don’t come around often with four income-producing units under one roof and room to build long-term equity. Add this one to your portfolio before someone else does! Smart investment, solid potential ahead today! *48-hour notice for showings*

321 3rd St Nw, Mason City

Listing courtesy of with Jane Fischer & Associates LLC
$70,000
6338149 MLS
Four-unit apartment complex featuring four 1-bedroom, 1-bath units with strong rental income potential. Property includes a multi-car carport in the rear with alley access for tenant parking. Needs updating and repairs, offering a great value-add opportunity for investors or rehab buyers looking to increase cash flow and property value. Excellent potential for a multi-income investment property. Call for a showing today!

621 Concert St, Keokuk

Listing courtesy of with Ruhl & Ruhl, REALTORS
$299,000
6338061 MLS
Perfect for the first time investor. The property has 3 units, the main being a five bedroom, 2 bathroom, livingroom and kitchen. (1st and 2nd floor of the house) The basement is a 1 bedroom/one bathroom. The garage is a one bedroom/one bath apartment. The perfect setup would be a family (owner) living in the main part of the house, Air BNB the basement apartment and rent out the garage to the current long term renter. All hail damage has been done. This property does have a big yard with both parking off the street and in the alley. More photos to follow as current tenants move out at the end of the month. Call your local realtor today for a personal tour.

1221 Main St, Grinnell

Listing courtesy of with Century 21 Signature Real Estate
$129,900
3 Beds ⋅ 2 Baths ⋅ 6337961 MLS
Welcome to this lovely family home offering 3 bedrooms, 1 1/2 baths, attached garage and storage shed. Upper level provides primary bedroom with ensuite and private rear deck, 2 additional bedrooms and full bath with laundry. Lower level provides kitchen with appliances staying, living room with sliding to rear patio. Exterior free maintenance with new siding, lovely landscaping, and move in ready!

304 W State St, Mount Pleasant

Listing courtesy of with Cottage Realty
$335,000
5 Beds ⋅ 4 Baths ⋅ 739689 MLS
Step into something special at 1147 36th St. in Des Moines’ vibrant Drake Neighborhood. This American Foursquare-style home offers 5 bedrooms, 3.5 bathrooms, and over 2,600 square feet of finished space across four levels, blending original character, flexible living options, and incredible potential. The main floor features a welcoming foyer, spacious living room, dining area, eat-in kitchen, main-level bedroom, half bath, and laundry. Upstairs, you’ll find three spacious bedrooms, including a primary suite with ensuite bath and large walk-in closet. The finished attic adds even more usable space and could serve as a potential 6th bedroom, home office, playroom, art studio, den, or retreat. The basement has its own private entrance and offers possibilities as an in-law suite, guest quarters, or potential 1-bedroom rental setup with living space, full bath, galley kitchen, and laundry. Previously used as a vacation rental and once home to a long-running small business, this Drake-area property offers rare flexibility. Outside, enjoy a fenced backyard, garden potential, front and rear off-street parking, and possible future garage space. Eligible for both Neighborhood Finance Corporation and Invest DSM program funds, this home adds opportunity for qualified buyers. Near Drake University, shops, restaurants, services, and interstate access, 1147 36th St. is character-filled and ready for its next chapter.

1147 36th Street, Des Moines

Listing courtesy of Ryan Rohlf with Keller Williams Legacy Group
$260,000
5 Beds ⋅ 739687 MLS
Great opportunity to own a fully updated 3-unit property featuring a duplex plus a separate single-family home—ideal for investors or owner-occupants looking to house hack. The property includes two 2-bedroom units and one 1-bedroom unit, offering a strong unit mix with great rental appeal. All units have been extensively updated, including kitchens, bathrooms, flooring, paint, siding, and roof—making this a truly turnkey investment. Live in one unit while the others help offset your mortgage, or add a solid, income-producing property to your portfolio. A current rental certificate is already in place, so you can start generating income right away. Don’t miss this opportunity to own a versatile, updated multi-family property with excellent cash-flow potential!

900 Morton Avenue, Des Moines

Listing courtesy of Pennie Carroll with Pennie Carroll & Associates
$775,000
12 Beds ⋅ 12 Baths ⋅ 739441 MLS

1137 26th Street, Des Moines

Listing courtesy of Jared Husmann with Keller Williams Realty GDM
$158,000
6337543 MLS
Timeless brick duplex with strong income potential and classic character throughout! Each side offers 3 bedrooms and 1.5 baths, providing spacious layouts that appeal to both owner-occupants and investors alike. Inside, you’ll find original woodwork and hardwood floors, generous living and dining areas, and abundant natural light that enhances the warm, inviting feel of each unit. Functional kitchens and comfortable bedroom sizes create practical everyday living, while the 1.5 baths add convenience for busy households. Both units feature separate entrances & front porch, allowing for privacy & flexibility. The full basement offers additional storage & utility space. Outside, the property showcases a solid brick exterior, shared yard space, and a location close to local amenities, making it an attractive option for tenants. Whether you’re looking to expand your portfolio or live in one unit while renting the other, this duplex delivers opportunity and value—schedule your showing today! *48-hour notice for showing requests*

25-27 6th St Nw, Mason City

Listing courtesy of with Jane Fischer & Associates LLC
$133,500
6337170 MLS
Seller offering $5,000 credit towards rate buy down, closing costs or possible updates. Large tri-plex located just seven blocks from downtown Grinnell and Grinnell College makes this investment property is a great opportunity for new or seasoned investors. Currently vacant for the next owner to choose tenants. The most recent (2025) monthly rents were $1,000 (main floor 2 bed/1 bath, $950 (upper 3 bed/1 bath), and $825 (lower level 1 bed/1bath). Each level is it's own unit. There is off street parking available and a large lot present space to build a garage. Upper unit has no photos yet. Call today to schedule a private showing.

1604 5th Ave, Grinnell

Listing courtesy of with AE Realty, Inc
$239,900
2 Beds ⋅ 2 Baths ⋅ 6337142 MLS
Built in 2017, this home offers timeless curb appeal and the ease of zero-entry access. With over 1,400 square feet of well-designed living space, it’s an excellent option for both homeowners and investors seeking income potential. Inside, you’ll find an open-concept layout where the living room flows effortlessly into the dining area and a cozy eat-at bar, perfect for everyday living and entertaining. The updated kitchen features plenty of cabinetry and sleek stainless steel appliances. The spacious primary suite includes a walk-in closet and a private en-suite bath. With two bedrooms and two bathrooms, the home provides comfortable, functional living space throughout. Additional highlights include an attached two-car garage and a back patio ideal for relaxing or hosting guests. Conveniently located within walking distance of the Mapleleaf Athletic Complex and pickleball courts, this property offers comfort and location. Schedule your private showing today!

614 N Lincoln Unit 101, Mount Pleasant

Listing courtesy of with Cottage Realty
$218,750
4 Beds ⋅ 2 Baths ⋅ 736693 MLS
The KataLYST Team by KW Commercial Realty is pleased to exclusively present the opportunity to acquire eight standalone duplexes in the Des Moines marketplace, offered as a single package for sale. Positioned in the heart of one of the Midwest’s most stable workforce housing markets, this portfolio delivers immediate cash flow, with rents currently averaging 6.8% below market. This provides a new buyer with both day-one cash flow and clear upside potential.

2741 Boston Avenue, Des Moines

Listing courtesy of Jared Husmann with Keller Williams Realty GDM
$218,750
4 Beds ⋅ 2 Baths ⋅ 736697 MLS
The KataLYST Team by KW Commercial Realty is pleased to exclusively present the opportunity to acquire eight standalone duplexes in the Des Moines marketplace, offered as a single package for sale. Positioned in the heart of one of the Midwest’s most stable workforce housing markets, this portfolio delivers immediate cash flow, with rents currently averaging 6.8% below market. This provides a new buyer with both day-one cash flow and clear upside potential.

2747 Boston Avenue, Des Moines

Listing courtesy of Jared Husmann with Keller Williams Realty GDM
$218,750
4 Beds ⋅ 2 Baths ⋅ 736698 MLS
The KataLYST Team by KW Commercial Realty is pleased to exclusively present the opportunity to acquire eight standalone duplexes in the Des Moines marketplace, offered as a single package for sale. Positioned in the heart of one of the Midwest’s most stable workforce housing markets, this portfolio delivers immediate cash flow, with rents currently averaging 6.8% below market. This provides a new buyer with both day-one cash flow and clear upside potential.

2755 Boston Avenue, Des Moines

Listing courtesy of Jared Husmann with Keller Williams Realty GDM
$218,750
4 Beds ⋅ 2 Baths ⋅ 736699 MLS
The KataLYST Team by KW Commercial Realty is pleased to exclusively present the opportunity to acquire eight standalone duplexes in the Des Moines marketplace, offered as a single package for sale. Positioned in the heart of one of the Midwest’s most stable workforce housing markets, this portfolio delivers immediate cash flow, with rents currently averaging 6.8% below market. This provides a new buyer with both day-one cash flow and clear upside potential.

2803 Boston Avenue, Des Moines

Listing courtesy of Jared Husmann with Keller Williams Realty GDM