Real Estate Investment Properties for Sale in Iowa

Looking for investment property in Iowa with high ROI ?

Explore a variety of short-term homes & houses in Iowa. Invest wisely with VRBO & Iowa Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Multi Family for Sale in Iowa

Search for Multi Family for Sale in Iowa. Browse all of Mashvisor’s Multi Family listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 42 Multi Family listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1114 Carrie Avenue Des Moines, IA Take a look at this duplex located in a desirable neighborhood. This property has a new ro...	4 beds \| 2 baths \| 918 sq.ft.	$225,000	Airbnb cash on cash: 2.5% Traditional cash on cash: 4.78% Airbnb Rental Income: $1644 Traditional Rental Income: $1667 Airbnb ROI: 2.5% Traditional ROI: 4.78%
1813 20th Avenue W Spencer, IA Easy Living Opportunity! Perfect for anyone looking to downsize or simplify their daily li...	3 beds \| 1 baths \| 1,794 sq.ft.	$337,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 2.29% Airbnb Rental Income: $1392 Traditional Rental Income: $1436 Airbnb ROI: 0.82% Traditional ROI: 2.29%
202 E South Street Prairie City, IA Great duplex/investment property built in 1993, with renters in place on month-to-month le...	4 beds \| 2 baths \| 1,600 sq.ft.	$269,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.13% Airbnb Rental Income: $null Traditional Rental Income: $967 Airbnb ROI: N/A Traditional ROI: 1.13%
4131 55th Street Des Moines, IA Turnkey duplex offering strong cash from from day one! Unit A features 2 bedrooms and 1 fu...	5 beds \| 3 baths \| 2,643 sq.ft.	$275,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 6.64% Airbnb Rental Income: $992 Traditional Rental Income: $2494 Airbnb ROI: -0.52% Traditional ROI: 6.64%
215 8th Street Lake View, IA NEW Construction! This brand-new two-story duplex offers a fresh take on everyday living, ...	3 beds \| 3 baths \| 1,390 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.91% Airbnb Rental Income: $null Traditional Rental Income: $2476 Airbnb ROI: N/A Traditional ROI: 8.91%
1116 Harrison Street Boone, IA Multi family home in Boone neighborhood. This home features 2 bedrooms 1 bath in the lower...	3 beds \| 3 baths \| 1,742 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.59% Airbnb Rental Income: $null Traditional Rental Income: $2258 Airbnb ROI: N/A Traditional ROI: 10.59%
541 Mill Street COUNCIL BLUFFS, IA Cristina Luckey, M: 402-651-3055, [email protected], https://www.OneReal.com - Fully ...	N/A beds \| N/A baths \| N/A	$315,000	Airbnb cash on cash: -1.15% Traditional cash on cash: 3.52% Airbnb Rental Income: $512 Traditional Rental Income: $1623 Airbnb ROI: -1.15% Traditional ROI: 3.52%
2300 Dean Avenue Des Moines, IA Completely renovated from top to bottom, this updated duplex offers a great opportunity fo...	2 beds \| 2 baths \| 864 sq.ft.	$225,000	Airbnb cash on cash: 3% Traditional cash on cash: 4.63% Airbnb Rental Income: $1644 Traditional Rental Income: $1527 Airbnb ROI: 3% Traditional ROI: 4.63%
1018 Emerald Hills Drive Arnolds Park, IA 1018 Emerald Hills Drive â Golferâs Delight! Impeccably maintained patio home located...	3 beds \| 1 baths \| 1,885 sq.ft.	$595,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 2.23% Airbnb Rental Income: $1472 Traditional Rental Income: $2023 Airbnb ROI: 0.46% Traditional ROI: 2.23%
2389 N 10 Avenue E Adair, IA Step into brand-new comfort with this beautifully built 2-bedroom, 2.5-bathroom home nestl...	2 beds \| 2 baths \| 1,452 sq.ft.	$390,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.5% Airbnb Rental Income: $null Traditional Rental Income: $2236 Airbnb ROI: N/A Traditional ROI: 4.5%
1302 HWY 71 N 32 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	3 beds \| 1 baths \| 1,670 sq.ft.	$549,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 2.28% Airbnb Rental Income: $1696 Traditional Rental Income: $1904 Airbnb ROI: 0.95% Traditional ROI: 2.28%
1302 HWY 71 N 33 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	3 beds \| 1 baths \| 1,670 sq.ft.	$549,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 2.28% Airbnb Rental Income: $1696 Traditional Rental Income: $1904 Airbnb ROI: 0.95% Traditional ROI: 2.28%
1302 HWY 71 N 34 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	3 beds \| 1 baths \| 1,670 sq.ft.	$549,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 2.28% Airbnb Rental Income: $1696 Traditional Rental Income: $1904 Airbnb ROI: 0.95% Traditional ROI: 2.28%
1302 HWY 71 N 35 Okoboji, IA LAKE ACCESS!! 71 Shores is thrilled to unveil Phase 2ânow featuring spacious 3- and 4-be...	3 beds \| 1 baths \| 1,670 sq.ft.	$549,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 2.28% Airbnb Rental Income: $1696 Traditional Rental Income: $1904 Airbnb ROI: 0.95% Traditional ROI: 2.28%
3210 E 7th Street Des Moines, IA Well-kept Craftsman duplex in Highland Park- perfect for investors or seeking a low-mainte...	3 beds \| 2 baths \| 1,796 sq.ft.	$245,000	Airbnb cash on cash: 2.51% Traditional cash on cash: 8.03% Airbnb Rental Income: $1644 Traditional Rental Income: $2459 Airbnb ROI: 2.51% Traditional ROI: 8.03%
19 E 2nd Street Spencer, IA Investor Opportunity â Tucked into the heart of Spencer, this 1Â½-story frame bungalow h...	N/A beds \| N/A baths \| 2,050 sq.ft.	$115,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.44% Airbnb Rental Income: $null Traditional Rental Income: $1382 Airbnb ROI: N/A Traditional ROI: 9.44%
804 Valley View Drive Ida Grove, IA Five doors. Five opportunities. One solid investment. Opportunity awaits with this well-ma...	N/A beds \| N/A baths \| 4,321 sq.ft.	$495,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.71% Airbnb Rental Income: $null Traditional Rental Income: $1529 Airbnb ROI: N/A Traditional ROI: 1.71%
1940 35th Street B Spirit Lake, IA Welcome to this near-new duplex in the heart of it all! With two bedrooms and a kitchen/li...	4 beds \| 1 baths \| 2,439 sq.ft.	$425,000	Airbnb cash on cash: 3.38% Traditional cash on cash: 3.01% Airbnb Rental Income: $2893 Traditional Rental Income: $2076 Airbnb ROI: 3.38% Traditional ROI: 3.01%
802 Valley View Drive Ida Grove, IA A Quadplex That Checks the Boxes! Set in a sought-after neighborhood, this 4-unit complex ...	N/A beds \| N/A baths \| 2,300 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.03% Airbnb Rental Income: $null Traditional Rental Income: $1482 Airbnb ROI: N/A Traditional ROI: 2.03%
1242 Mckinley Avenue Des Moines, IA Exceptional Investment Opportunity! Introducing a versatile multi-family residence perfect...	4 beds \| 2 baths \| 1,513 sq.ft.	$265,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 5.85% Airbnb Rental Income: $992 Traditional Rental Income: $2104 Airbnb ROI: -0.01% Traditional ROI: 5.85%
3302 Ponderosa Court 6B Spirit Lake, IA This 3 bedroom, 2.5 bath twin home features an open, airy layout with 20 foot ceilings and...	3 beds \| 2 baths \| 1,940 sq.ft.	$529,500	Airbnb cash on cash: 0.41% Traditional cash on cash: 2.99% Airbnb Rental Income: $1756 Traditional Rental Income: $2551 Airbnb ROI: 0.41% Traditional ROI: 2.99%
1312 22nd Street Des Moines, IA Duplex is being sold along with 9 unit building next door as a package deal. (See 1314 22n...	4 beds \| N/A baths \| 1,682 sq.ft.	$190,000	Airbnb cash on cash: 2.11% Traditional cash on cash: 7.99% Airbnb Rental Income: $1250 Traditional Rental Income: $1914 Airbnb ROI: 2.11% Traditional ROI: 7.99%
303 E 3rd Street Everly, IA 20/20 Investment Vision â A Clear Focus on Long-Term Possibilities This quadplex in the ...	N/A beds \| N/A baths \| 1,488 sq.ft.	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.44% Airbnb Rental Income: $null Traditional Rental Income: $1453 Airbnb ROI: N/A Traditional ROI: 4.44%
5949 NW 50th Street Johnston, IA No HOA dues. This well-maintained ranch-style twin home sits on a corner lot in a quiet Jo...	3 beds \| 3 baths \| 1,092 sq.ft.	$275,500	Airbnb cash on cash: 0.63% Traditional cash on cash: 5.11% Airbnb Rental Income: $1350 Traditional Rental Income: $2098 Airbnb ROI: 0.63% Traditional ROI: 5.11%
3831 40th Street Des Moines, IA Duplex in great Beaverdale neighborhood with 2bed 1 bath per side. Rents total $2,200. Ele...	4 beds \| 2 baths \| 884 sq.ft.	$275,000	Airbnb cash on cash: 1.7% Traditional cash on cash: 3.95% Airbnb Rental Income: $1644 Traditional Rental Income: $1765 Airbnb ROI: 1.7% Traditional ROI: 3.95%
1305 NE 51st Avenue Des Moines, IA All-brick duplex with solid upside in Des Moines! This well-built property offers low coun...	4 beds \| 1 baths \| 2,009 sq.ft.	$288,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 4.44% Airbnb Rental Income: $1644 Traditional Rental Income: $1891 Airbnb ROI: 1.83% Traditional ROI: 4.44%
606 Ash Avenue Woodward, IA Brand new twinhome in framing stage at an amazing price! This home features Pella windows,...	3 beds \| 3 baths \| 1,477 sq.ft.	$264,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.16% Airbnb Rental Income: $null Traditional Rental Income: $2413 Airbnb ROI: N/A Traditional ROI: 8.16%
612 Ash Avenue Woodward, IA New twinhome in framing stage amazing price! This home features Pella windows, LVP through...	3 beds \| 3 baths \| 1,477 sq.ft.	$264,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.22% Airbnb Rental Income: $null Traditional Rental Income: $2428 Airbnb ROI: N/A Traditional ROI: 8.22%
1306 E 6th Street S Newton, IA Great opportunity to own a well-maintained duplex located on a quiet dead-end road within ...	4 beds \| 2 baths \| 1,928 sq.ft.	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.17% Airbnb Rental Income: $null Traditional Rental Income: $2356 Airbnb ROI: N/A Traditional ROI: 5.17%
33311 Old Lincoln Highway MISSOURI VALLEY, IA Mindy Martin, M: 402-320-0156, [email protected], https://www.bhhsamb.com - INVESTO...	N/A beds \| N/A baths \| N/A	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.05% Airbnb Rental Income: $null Traditional Rental Income: $1492 Airbnb ROI: N/A Traditional ROI: 7.05%
1704 4th Avenue SW Spencer, IA A solid investment opportunity awaits! Here is a tried and true 4 plex with a prime locati...	N/A beds \| N/A baths \| 4,900 sq.ft.	$409,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.35% Airbnb Rental Income: $null Traditional Rental Income: $1529 Airbnb ROI: N/A Traditional ROI: 1.35%
820 1st Avenue E Newton, IA Turn-key renovated duplex located just minutes from downtown Newton. Each unit features 2 ...	4 beds \| 2 baths \| 1,624 sq.ft.	$229,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.69% Airbnb Rental Income: $null Traditional Rental Income: $2307 Airbnb ROI: N/A Traditional ROI: 8.69%
4878 Orchard Drive Pleasant Hill, IA 24-Hour Sale	4 beds \| 2 baths \| 1,408 sq.ft.	$275,000	Airbnb cash on cash: 2.5% Traditional cash on cash: 5.34% Airbnb Rental Income: $1851 Traditional Rental Income: $2088 Airbnb ROI: 2.5% Traditional ROI: 5.34%
2904 62nd Street Des Moines, IA Good investment opportunity. Each unit has 2 bedrooms and 1 full bath. The vacant unt show...	4 beds \| 2 baths \| 1,552 sq.ft.	$225,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 6.83% Airbnb Rental Income: $992 Traditional Rental Income: $2120 Airbnb ROI: -0.13% Traditional ROI: 6.83%
1319 39th Street Des Moines, IA This one-of-a-kind duplex lives like a spacious single-family home while offering incredib...	3 beds \| 2 baths \| 1,972 sq.ft.	$350,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 4.49% Airbnb Rental Income: $1644 Traditional Rental Income: $2370 Airbnb ROI: 0.87% Traditional ROI: 4.49%
3414 59th Street Des Moines, IA Renters love this location, which keeps your vacancy rate low. Minutes from downtown, Beav...	4 beds \| 2 baths \| 1,920 sq.ft.	$290,000	Airbnb cash on cash: -1.56% Traditional cash on cash: 5.25% Airbnb Rental Income: $744 Traditional Rental Income: $2290 Airbnb ROI: -1.56% Traditional ROI: 5.25%
409 2nd Street West Des Moines, IA Well-maintained up/down duplex with private entrances for each unit and strong rental hist...	4 beds \| 2 baths \| 1,808 sq.ft.	$256,500	Airbnb cash on cash: 1.71% Traditional cash on cash: 7.3% Airbnb Rental Income: $1512 Traditional Rental Income: $2425 Airbnb ROI: 1.71% Traditional ROI: 7.3%
1101 Caulder Avenue Des Moines, IA Located in the beautiful Gray's Lake neighborhood, this well-maintained duplex at 1101 Cau...	4 beds \| 2 baths \| 884 sq.ft.	$250,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 4.16% Airbnb Rental Income: $1250 Traditional Rental Income: $1651 Airbnb ROI: 0.78% Traditional ROI: 4.16%

Your search for investment property begins and ends here

Multi Family for Sale in Iowa

1114 Carrie Avenue

Des Moines, IA

4 beds | 2 baths | 918 sq.ft.

$225,000

Airbnb cash on cash: 2.5%

Traditional cash on cash: 4.78%

Airbnb Rental Income: $1644

Traditional Rental Income: $1667

Airbnb ROI: 2.5%

Traditional ROI: 4.78%

1813 20th Avenue W

Spencer, IA

3 beds | 1 baths | 1,794 sq.ft.

$337,000

Airbnb cash on cash: 0.82%

Traditional cash on cash: 2.29%

Airbnb Rental Income: $1392

Traditional Rental Income: $1436

Airbnb ROI: 0.82%

Traditional ROI: 2.29%

202 E South Street

Prairie City, IA

4 beds | 2 baths | 1,600 sq.ft.

$269,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.13%

Airbnb Rental Income: $null

Traditional Rental Income: $967

Airbnb ROI: N/A

Traditional ROI: 1.13%

4131 55th Street

Des Moines, IA

5 beds | 3 baths | 2,643 sq.ft.

$275,000

Airbnb cash on cash: -0.52%

Traditional cash on cash: 6.64%

Airbnb Rental Income: $992

Traditional Rental Income: $2494

Airbnb ROI: -0.52%

Traditional ROI: 6.64%

215 8th Street

Lake View, IA

3 beds | 3 baths | 1,390 sq.ft.

$229,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.91%

Airbnb Rental Income: $null

Traditional Rental Income: $2476

Airbnb ROI: N/A

Traditional ROI: 8.91%

1116 Harrison Street

Boone, IA

3 beds | 3 baths | 1,742 sq.ft.

$179,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.59%

Airbnb Rental Income: $null

Traditional Rental Income: $2258

Airbnb ROI: N/A

Traditional ROI: 10.59%

541 Mill Street

COUNCIL BLUFFS, IA

N/A beds | N/A baths | N/A

$315,000

Airbnb cash on cash: -1.15%

Traditional cash on cash: 3.52%

Airbnb Rental Income: $512

Traditional Rental Income: $1623

Airbnb ROI: -1.15%

Traditional ROI: 3.52%

2300 Dean Avenue

Des Moines, IA

2 beds | 2 baths | 864 sq.ft.

$225,000

Airbnb cash on cash: 3%

Traditional cash on cash: 4.63%

Airbnb Rental Income: $1644

Traditional Rental Income: $1527

Airbnb ROI: 3%