Conway, IA Multi Residential Properties

Conway, IA Multi Residential Properties for Sale

$600,000
26-1127 MLS
Sold with 213 N 30 as a package, 75,000 per door. All units rented at 950. per month.

221 N 30th St, Council Bluffs

Listing courtesy of Heartland Properties.

$600,000
26-1126 MLS
Sold with 221 N 30 as a package, 75,000 per door. All units rented at 950. per month.

213 N 30th St, Council Bluffs

Listing courtesy of Heartland Properties.

$250,000
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 RE/MAX Pride Ottumwa.

$267,000
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 Goldfinch Realty Group.

$209,900
5 Beds ⋅ 3 Baths ⋅ 741625 MLS
Unique opportunity to own a spacious ranch home with flexible living space and future income potential in a convenient Des Moines location. Originally designed as a single family home, this property offers multiple living areas, separate entrances, and a layout that could work well for multigenerational living, extended family, home office space, or a future duplex conversion. The main portion of the home features solid ranch style living with generous room sizes and functional space throughout, including additional finished space in the basement. Property is being sold as is and does need updates and improvements, but offers significant upside for an owner occupant, investor, or buyer looking to build equity. Hard to find opportunity with versatility, square footage, and value at this price point.

1829 47th Street, Des Moines

Listing courtesy of LPT Realty, LLC.

$239,000
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 .

$395,000
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 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 NextHome In The Bluffs.

$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 Jane Fischer & Associates LLC.

$245,000
11729728 MLS
Investment opportunity - 4-plex located in Audubon. All units are 1 BR/1 Bath with garages. New roof was put on in 2024. Great opportunity to expand your portfolio or get your feet wet with a solid unit in a great location. (Sellers have a 3-plex in Anita also available).

314 Church St, Audubon

Listing courtesy of .

$85,000
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 Ruhl & Ruhl, REALTORS.

$200,000
5 Beds ⋅ 3 Baths ⋅ 740254 MLS
Fantastic opportunity to invest! Property provides the opportunity to serve as a 2 unit rental, an owner occupied rental, or conversion to a grand single family home in an area of Des Moines seeing continued development. Main level (Unit 1) houses 2 bedrooms and 2 baths with dining area in an appealing open concept. Unit 2 has 2 bedrooms and 1 bath on the second floor, with an additional third bedroom/loft on the third floor. Recent updates include central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout. Current rent rates are $1000 for Unit 1 and $1025 for Unit 2. This could be the one to start or extend your real estate portfolio at an amazing price point.

401 Franklin Avenue, Des Moines

Listing courtesy of Realty ONE Group Impact.

$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 Century 21 Signature Real Estate.

$340,000
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 Keller Williams Legacy Group.

$275,000
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 & Associates.

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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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