Conway, IA Multi Residential Properties

Conway, IA Multi Residential Properties for Sale

$218,750
4 Beds ⋅ 2 Baths ⋅ 736701 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.

2719 Boston Avenue, Des Moines

Listing courtesy of Jared Husmann with Keller Williams Realty GDM
$218,750
4 Beds ⋅ 2 Baths ⋅ 736704 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.

2895 Boston Avenue, Des Moines

Listing courtesy of Jared Husmann with Keller Williams Realty GDM
$218,750
4 Beds ⋅ 2 Baths ⋅ 736659 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.

2733 Boston Avenue, Des Moines

Listing courtesy of Jared Husmann with Keller Williams Realty GDM
$179,000
4 Beds ⋅ 2 Baths ⋅ 736248 MLS
Fantastic income opportunity or owner-occupant duplex in a great Knoxville location! This spacious two-story property features two units, each with 2 bedrooms, in-unit laundry (washer/dryer), and comfortable living spaces. Both units are currently rented. A 4-car garage/storage shed offers additional rental income or ample space for vehicles, tools, and storage. The wrap-around front porch has been recently updated, adding a welcoming touch. Whether you're an investor looking to expand your portfolio or a homeowner who wants to offset your mortgage with rental income, this property is loaded with potential.

306 W Robinson Street, Knoxville

Listing courtesy of Mollie Keitges with Home Realty
$167,000
2 Beds ⋅ 1 Baths ⋅ 732954 MLS
Enjoy peaceful small-town living in this charming 1,014-square-foot home situated on a spacious double lot. Inside, the open-concept living room and kitchen create a warm and inviting space with plenty of room. The kitchen features abundant cabinetry, two pantries, and all appliances are included. The main level offers convenient laundry access, two comfortable bedrooms with closets, and a versatile non-conforming bedroom that would make a third bedroom with the addition of a wardrobe or closet. The full bathroom is clean and conveniently located. The unfinished basement provides ample storage and is home to the newer furnace and central air system. Outside, you'll appreciate the impressive 836-square-foot, three-door detached garage with vinyl siding and dual concrete driveways. Whether you need space for vehicles, lawn and garden equipment, hobbies, or a workshop, this garage offers exceptional flexibility while keeping everything protected year-round. Recent improvements include basement wall repairs, new flooring in several rooms, fresh interior paint, and the replacement of two garage doors. This well-maintained property offers comfort, functionality, and room to grow. All information was obtained from the sellers and public records.

211 NE 3rd Street, Melcher-Dallas

Listing courtesy of Arvin Van Waardhuizen with Iowa Realty Knoxville
$169,000
6334807 MLS
Triplex located near campus and Everybody's. Covered porch and nice entry area. Main level unit rents for $650/month and includes a stove/refrigerator and laundry hookups & 2 bedrooms. Second unit rents for $750/month and has appliances and laundry hookups & 2 bedrooms. Upstairs unit (currently rented) rents for $550/month with stove & refrigerator. Separate garage is rented for $50/month. Potential in basement for a studio apartment. Basement & main-level apartment have separate furnaces. Upstairs apartments have electric baseboard. New roof, new electric, & new plumbing. All separately metered (water/electric/gas). Your opportunity to grow your portfolio.

500 N Main St, Fairfield

Listing courtesy of with Fairfield Real Estate
$334,900
6334718 MLS
Discover this beautifully renovated multi-unit rental featuring a total of five apartments—perfect for students or young professionals seeking a convenient and comfortable living arrangement. The property includes two separate two-bedroom apartments and three one-bedroom apartments, all thoughtfully updated with fresh paint, modern flooring. Each unit offers ample space and privacy, making it an ideal college rental or investment property. The detached two-stall garage provides secure parking and additional storage, while recent upgrades include a new roof, gutters and downspouts extended underground to ensure durability and protection from the elements. The new cement sidewalks around the house and a brand-new deck enhance curb appeal and outdoor enjoyment. Located just minutes from Grinnell College and downtown Grinnell, this property combines convenience with comfort. Whether you're an investor looking for a steady rental income or a student seeking a nearby home, this turnkey property is ready for its new occupants. Don’t miss this opportunity to own a well-maintained, updated multi-family residence in a prime location! 100% occupied until Spring of 2027. Contact your agent for more details.

920 High St, Grinnell

Listing courtesy of with Century 21 Signature Real Estate
$289,990
4 Beds ⋅ 3 Baths ⋅ 732417 MLS
Welcome home to the Emerson in Mallard Prairie Twinhomes - a two-story duplex offering 1,767 sq. ft. of thoughtfully designed living space with 4 bedrooms and 2.5 baths. Perfect for a variety of lifestyles, the main level showcases an open-concept layout with a spacious living room, cozy electric fireplace, and large windows for natural light. The kitchen flows seamlessly into the dining area and includes white cabinetry, stainless steel appliances, a walk-in pantry, and a large center island. A guest bathroom, coat closet, and access to the attached 2-car garage complete the main floor. Upstairs, the private primary suite sits at the rear of the home and features a walk-in shower, dual sinks, and a walk-in closet. Two secondary bedrooms and a full bath are located at the front, along with a centrally placed laundry room. Contact us today to schedule a personal tour! Photos similar to.

4781 172nd Street, Urbandale

Listing courtesy of Kathryn Greer with DRH Realty of Iowa, LLC
$45,000
6333183 MLS
4 plex - units A & D have rental permit - C & B need repair for permit -100 amp service to the property . Unit A occupied $374 Unit D upstairs $ 325 long term tenant. separate utilities - landlord pays water/sewer/trash. To be sold as a package with: 805 s 9th - Single family $32,500 MLS 6333179

801 S 9th St, Burlington

Listing courtesy of with Century 21/Property Professionals
$2,900,000
41 Beds ⋅ 24 Baths ⋅ 11592465 MLS
Welcome to a beautifully reimagined 15-unit multifamily property designed for efficient ownership and premium tenant appeal. Every unit showcases tasteful custom trim and crown molding, contemporary kitchens and baths with glass tile backsplashes and thoughtfully chosen finishes that balance style and durability. Each unit has its own HVAC system, breaker box and on-demand water heater. Includes new (2024) electrical, plumbing, roof and outdoor improvements/landscaping. A rare combination of aesthetic upgrades and practical, investor-friendly systems. This turn-key building checks the boxes: curb appeal, modern interiors and minimal upkeep.

409 E. 9th Street, Malvern

Listing courtesy of Julie O'Hara with Jim Hughes Real Estate
$295,000
6332681 MLS
At over 3,500 square feet, this stunning, fully remodeled property offers four beautifully designed apartments, each featuring a loft and modern updates throughout. The seller has invested over $100,000 in recent renovations, showcasing exceptional attention to detail in every finish. Enjoy brand new windows, a new front door, and gleaming hardwood floors that enhance the natural light in every unit. Appliances remain, making this a true move-in-ready investment. The property also features a chair lift for accessibility, off-street parking for tenants, and thoughtful upgrades that ensure long-term value and low maintenance. Currently fully occupied, this property delivers an ROI exceeding 10% — a rare opportunity to step into a modernized, income-producing asset with all the hard work already done.

105 1/2 W Washington St, Sigourney

Listing courtesy of with Legacy Insurance & Real Estate
$580,000
4 Beds ⋅ 4 Baths ⋅ 726149 MLS
NEW PRICE ~ Well Built Duplex in a Prime Pella Location! This duplex offers an excellent opportunity for Homeowners or Investors alike. The 708 side: features approximately 2600 square feet of finished space; 2+ bedrooms, 1 3/4 bath, single attached garage with nice open kitchen, and great living spaces along with storage areas! The 710 side: features approximately 1700 square feet of finished space; 2 bedrooms, 1 3/4 baths, single attached garage with great living spaces; and great storage. The inviting front porches welcome you to both units, while the maintenance free deck off the back provides the perfect spot to relax or entertain in the spacious backyard! The backyard off the alley features a 2 stall detached garage; for added parking, hobbies and / or storage! Built with quality and care, this property stands out for solid construction and thoughtful design. The fantastic location puts you near great amenities: shopping, restaurants, grocery options, close to the college, and so much more that the City of Pella has to offer! Whether you're looking for an income-producing property, a home with space for extended guests, or a combination of both, this duplex is a smart choice!

708 & 710 Independence Street, Pella

Listing courtesy of Sarah Buchheit with Pella Real Estate Services
$219,900
6330971 MLS
Seize a remarkable opportunity offering over 9900 square feet of space and two garages. This dynamic venue may continue as a bar or the new owner may establish their own enterprise without operating the existing business. All interior items are negotiable and may be removed prior to sale if the buyer so desires. The property features a bar and spacious game room that draws regular visitors and keeps the atmosphere lively. The event center room provides an excellent space for private parties, corporate events, and live entertainment, further enhancing your profit potential. Two generous storage rooms with garage doors offer ample space for inventory and equipment. At the same time, the potential for a complete kitchen behind the bar opens the door to food service opportunities. Additionally, the Golf Simulator Room (Pro-Series widescreen, RARE $85,000+ value) presents an exciting extra income stream—perfect for hosting tournaments or renting out to enthusiasts. With regular events such as live bands and food truck nights, this venue will attract a diverse crowd and keep the customers coming back. Located on the west side of the bar, an entire apartment or adaptable office spaces provide the option for additional rental income or convenient living quarters for the owner/operator. The exterior hosts a large beer garden & outdoor patio, rear entrance, and private garage parking. BUSINESS IS NOT REQUIRED IN PURCHASE, BUT IS INCLUDED AT CURRENT PRICE.

508 W Market St, Steamboat Rock

Listing courtesy of with Oakridge Real Estate
$349,900
6329839 MLS
Discover this spacious and beautifully renovated four-square home, ideally located just a short walk from Grinnell College and downtown Grinnell. Perfect for students, faculty, or investors, this property offers a versatile living experience with four fully updated apartments. Historic Four-Square with spacious rooms, high ceilings, and timeless charm. Four Renovated Apartments each unit has been thoughtfully updated with newer finishes, offering comfortable and stylish living spaces. Recent upgrades include new plumbing, electrical systems, new paint throughout, updated bathrooms, ensuring reliability and efficiency. On-Site Laundry: Convenient laundry facilities available for tenants, adding to the property's appeal and convenience. Prime Location: Walkable to Grinnell College, downtown shops, dining, and entertainment, providing easy access to all amenities. Investment Opportunity: Ideal for rental income with multiple units, or as a spacious owner-occupied residence with rental income from additional units. This property combines historic character with modern updates, making it a fantastic opportunity for investors or those seeking a convenient, comfortable home near campus and downtown Grinnell.

1132 Main St, Grinnell

Listing courtesy of with Century 21 Signature Real Estate
$69,500
6327345 MLS
This is a great opportunity to own a 2-story property that has potential for very good return. Although classified as a single family property per the Co. Assessor, there is a main floor area that has two bedrooms and one bath. There is also an upstairs area that could have 2-3 bedrooms and a 3/4 bath. There is a garage that could be rented. Could use some paint, floor coverings and a few updates and then would make a nice investment property. Should give a buyer a nice ROI.

317 Main St, Clutier

Listing courtesy of with Wrage Realty
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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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