Conway, IA Multi Residential Properties

Conway, IA Multi Residential Properties for Sale

1410 7th St, Harlan
$195,000
6343411 MLS
An investment opportunity in the heart of the town — this solid-brick, two-story multi-family sits just blocks from downtown. The building features four one-bedroom, one-bathroom units across two levels, with two units on each above-ground floor plus a non-conforming basement-level space, all accessible via front or rear entrances for maximum tenant convenience. At 2,688 total above ground level square feet, every inch is utilized. The four-stall garage provides a coveted amenity in a rental. With 3 of 4 units currently occupied, this is a stabilized asset ready to perform from closing day. Come and take a look!

1410 7th St, Harlan

Listing courtesy of with Fah Realty Group
4021 6th Avenue, Des Moines
$195,000
3 Beds ⋅ 2 Baths ⋅ 750549 MLS
Located in the Highland Park neighborhood, this multi-unit home is within walking distance to local coffee shops, restaurants, a bakery, and other neighborhood favorites. The main level features a spacious 1-bedroom, 1-bath unit with basement access, while the upper unit offers 2 bedrooms and 1 bath with its own exterior staircase entrance. The property also includes a 2-stall garage with alley access and a carport. The layout may also allow for conversion back to a single-family home with 3-4 bedrooms, bring your imagination.

4021 6th Avenue, Des Moines

Listing courtesy of Brian Geist with Century 21 Signature
309 E State St, Mason City
$135,000
6343370 MLS
Four units, one address, and a location that puts Mason City's arts and downtown scene close by! Near the MacNider Art Museum, the library, and downtown, this fourplex brings a practical investment opportunity to a setting with plenty to explore. Photos offer a look at one of the four units, where a living room with windows on multiple sides makes a pleasant spot to settle in after a busy day. Whether you're building your portfolio or exploring your first multifamily purchase, put this property on your list. Bring your investment goals, and let's explore the possibilities together!

309 E State St, Mason City

Listing courtesy of with Jane Fischer & Associates LLC
3833 6th Avenue, Des Moines
$249,900
5 Beds ⋅ 3 Baths ⋅ 750328 MLS
Investment opportunity in Des Moines! 3833 6th Ave offers three separate living units with approximately 2,656 square feet of combined living area. The property features two units in the main building plus a separate rear unit, providing multiple rental-income opportunities. Recent updates include new roofs on both buildings and improvements to select units. With established rental potential, flexible unit configurations, and a convenient Highland Park location near shopping, dining, and major roadways, this property is worth a closer look. Schedule a private showing today.

3833 6th Avenue, Des Moines

Listing courtesy of Kevin Frank with NextHome Your Way
207 N 14th St, Marshalltown
$119,900
6343252 MLS
Welcome to an extraordinary investment opportunity in the heart of Marshalltown! This unique offering presents not one, but two charming residences on a single property, both available for month-to-month rental. The first house has two bedrooms with one bath. The second home offers its own distinct charm: a cozy two-bedroom oasis ideal for guests or additional rental income. Position yourself at the center of all Marshalltown has to offer while reaping attractive returns from these versatile rentals today!

207 N 14th St, Marshalltown

Listing courtesy of with No Limits Real Estate
1803 E Maple Grove Ln, Mount Pleasant
$190,000
2 Beds ⋅ 2 Baths ⋅ 6343227 MLS
Move-In Ready 2 bedroom, 2-Bath Condo!! Enjoy easy living in this well-maintained home that offers both comfort and convenience. The bright, inviting interior has lots of natural light from the living room and bedroom windows. All appliances are included, making your move even easier. This low-maintenance property features a monthly HOA fee of $136.00 which covers lawn care, snow removal, exterior repairs/maintenance, trash pick-up, reserves for future replacement of the exterior of the building, plus insurance on the exterior of the building. You also have the option of clubhouse membership if you so desire. Don't miss the chance to make this move-in-ready condo your new home!!

1803 E Maple Grove Ln, Mount Pleasant

Listing courtesy of with Meadow and Main Inc.
1175 21st Street, Des Moines
$199,900
6 Beds ⋅ 3 Baths ⋅ 750229 MLS
Investor alert! Add to your portfolio or start your real estate empire by taking a look at this 2 story duplex right next to Drake University for under $200k! The main floor is a spacious 2 bedroom, 1 bathroom unit. The 2nd floor unit includes a finished attic & has 4 bedrooms & 2 bathrooms. Both units have access to the basement with laundry but laundry hookups are upstairs as well. There is a 2+ car detached garage & extra parking off the driveway. This prime location offers everything the Drake area has to offer. Schedule your showing today!

1175 21st Street, Des Moines

Listing courtesy of Miller, Jason with Weichert, Miller & Clark
Fairfield
$145,000
6343020 MLS
Great opportunity to live in one unit of this duplex and lease the other one for income! The upstairs 2 bed / 1 bath unit feels really spacious with a large family room featuring original wood floors, large kitchen, (laundry hook-ups in kitchen closet), and extra large primary bedroom. The lower level is all brand new! Located near Everybody's & campus, and a short walk or bike ride to the square as well. Whether you're looking for a very affordable home situation, or an investment property, you'll want to check this one out!

Fairfield

Listing courtesy of with Fairfield Real Estate
622 SW Maple Street, Ankeny
$309,900
4 Beds ⋅ 2 Baths ⋅ 749787 MLS
Solid investment opportunity in the heart of Uptown Ankeny. This side by side ranch duplex offers two bedrooms and one bath per unit, both recently remodeled and ready to perform from day one. Currently occupied at market rent with tenants paying all utilities, so the cash flow stays clean and predictable. The improvements go well beyond cosmetics. Fresh exterior paint, new stoops, newer concrete approaches, and a new sewer line mean the big ticket items are already handled, saving the next owner real money and real headaches. Location seals it. Uptown Ankeny is one of the metro's most walkable and in demand pockets, close to shops, dining, and the amenities that keep quality tenants renewing year after year. Whether you are adding to a portfolio or buying your first rental, this one checks the boxes. Schedule your showing today. All information obtained from seller and public record.

622 SW Maple Street, Ankeny

Listing courtesy of David Rodriguez with RE/MAX Precision
451 N 10th Street, Adel
$330,000
6 Beds ⋅ 2 Baths ⋅ 749688 MLS
This property is a duplex that can serve as a dynamic investment opportunity or a multi-generational home. Located within walking distance of Kinnick-Feller Riverside Park and just a few blocks from Main Street in Adel, this home has been updated and features low-maintenance exteriors. Each unit is over 1400 sq ft and has fresh LVP flooring and carpeting throughout and a large, open concept living area. The kitchen has been updated with new cabinetry and modern appliances. Each unit has three bedrooms with spacious closets and bath. The baths have been updated with new vanities, storage, and handicap accessible showers. The laundry room is complete with a washer, dryer, and utility sink. A bonus lot of 0.5 acres is included with this property, attached to the South. It has already received preapproval from the City of Adel to build two more duplex units. Additionally, the buyer is extending an opportunity to purchase the tractor, trailer and equipment seen in the photos. The units also include many handicap features, making them eligible for government-assisted rent programs. With plenty of parking and a convenient location, this property has room to expand income-earning opportunities for a new buyer.

451 N 10th Street, Adel

Listing courtesy of Adam Bugbee with Real Broker, LLC
1438 5th Ave N, Fort Dodge
$150,000
6342941 MLS
Fully Occupied Fourplex – Investment Opportunity 1438 5th Avenue North, Fort Dodge, Iowa Offered at $150,000 Add this fully occupied four-unit residential income property to your investment portfolio! The property currently generates $2,600 per month in gross rental income, totaling $31,200 annually, and provides immediate income for its next owner. This two-story building offers approximately 2,128 square feet and consists of four one-bedroom, one-bathroom apartments. Two units are located on the main floor, with two additional units upstairs. Each apartment has its own private entrance and includes a refrigerator and stove. The property also features off-street parking, a full basement, forced-air heating, public water and sewer, and two 40-gallon water heaters replaced in 2021 and 2023. The upstairs apartments have received previous remodeling, and the exterior was painted in 2023. All four apartments are currently occupied, and the landlord pays all utilities. At the $150,000 asking price, the property’s annual gross rental income equals approximately 20.8% of the purchase price before utilities and other operating expenses. Please allow appropriate notice for showings and do not disturb the tenants. Property is owned by an entity in which the listing agent has an ownership interest. All information is believed reliable but is not guaranteed. Buyers and buyers’ agents should independently verify rental income, expenses, measurements, zoning, and all other info.

1438 5th Ave N, Fort Dodge

Listing courtesy of with One Stop Realty
832 Water St, Webster City
$109,900
6342791 MLS
Great investment opportunity! This spacious two-story home has been converted into an up-and-down duplex, offering two separate living units with the potential to convert back to a single-family home. The main-level unit is accessed from the east side entrance and features two bedrooms, a large living room, formal dining room with built-in hutch, full bath, and kitchen with existing appliances included. This unit also has access to the full basement, rear entry area, and back deck. The upper-level unit is accessed through the front entrance and offers a flexible two-bedroom layout, with the option to the third bedroom as a living room. It also includes a full bath with laundry, kitchen with appliances included, and access to a walk-up attic for additional storage. Beautiful hardwood floors highlight the upper level, with hardwood believed to be under much of the main-floor carpeting. A single-car detached garage completes the property. Whether you're looking for two rental units or a home that could be converted back to single-family living, this property offers plenty of possibilities!

832 Water St, Webster City

Listing courtesy of with Abens Realty
547 SW 46th Street, Ankeny
$259,900
3 Beds ⋅ 2 Baths ⋅ 749375 MLS
NO HOA dues, no covenants, no pet or rental restrictions! 3 bedroom twin home with finished lower level has almost 1,700 finished square feet! Updates include new roof on both homes, extended concrete for spacious parking and walkways, new neutral paint throughout! Also updated stainless steel appliances, freshly stained deck, wifi thermostat, doorbell/camera, kitchen sink faucet, garbage disposal, showerhead and garage door gasket! Highlights include fully fenced backyard, open floorplan, kid/pet screen on garage exterior, laminate flooring throughout, covered front porch & tons of storage! Main floor features entry w/ side light. Living room has gas fireplace framed by windows on both sides and ceiling fan. Large kitchen features lots of cabinetry, composite sink, newer appliances and huge pantry, just off the kitchen! Good sized dining room. Mudroom has first floor laundry and pantry closet. Two good sized bedrooms and bath round out the main floor. Finished lower level has good sized family room w/ egress window, full bath and large bedroom. Perfect for a teen or roommate situation! Storage/utility room has tons of space! Fabulous neighborhood, close to parks and shopping. Easy access to downtown!

547 SW 46th Street, Ankeny

Listing courtesy of Julie Moore with RE/MAX Concepts
2040 Ave B, Council Bluffs
$205,000
26-2026 MLS
Opportunity is knocking with this duplex situated on a corner lot. Each unit offers 2 bedrooms and 1 bathroom. Electric, gas, and water are all separately metered, making utility responsibilities easier to manage. Off-street parking provides space for approximately three vehicles. With two separate units and utilities already divided, this property offers a practical setup and plenty of possibilities. Whether you are looking to add to your investment portfolio or take on your next project, there is plenty of potential here to make improvements and build value over time.

2040 Ave B, Council Bluffs

Listing courtesy of Jesse Skudler with NP Dodge Real Estate - Council Bluffs
1600 4th Ave, Council Bluffs
$460,000
26-2017 MLS
Built in 2023, this duplex features two spacious 3-bedroom units with tenants already in place. Each unit includes two private entrances, a fenced yard, a one-car garage, and heated concrete flooring throughout. This modern, low-maintenance construction makes ownership simple and efficient. Conveniently situated near shopping, restaurants, schools, and parks, this property is well-positioned to attract and retain tenants.

1600 4th Ave, Council Bluffs

Listing courtesy of Michelle L Osborne with Better Homes and Gardens Real Estate The Good Life Group
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Conway, Iowa Multi Residential Properties

Discover the charm of small-town living with multi-residential properties for sale in Conway, Iowa! Imagine owning an investment property or finding the perfect place to house extended family in this welcoming community. Conway offers a peaceful retreat from the hustle and bustle, while still being conveniently located near larger towns and cities. Explore the possibilities of owning multi-family real estate in a town where neighbors know each other and the pace of life is just a little bit slower.

Investing in multi residential properties for sale in Conway, Iowa, is a chance to be part of a close-knit community and contribute to its vibrant future. Whether you're seeking a lucrative rental income stream or a spacious property to accommodate multiple households, Conway presents unique opportunities for the savvy investor or homeowner. Find your dream property amidst the rolling hills and friendly faces of Conway, and experience the joys of owning real estate in a truly special place.

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