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 49 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
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.	$254,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.25% Airbnb Rental Income: $null Traditional Rental Income: $967 Airbnb ROI: N/A Traditional ROI: 1.25%
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: -0.86% Traditional cash on cash: 6.64% Airbnb Rental Income: $885 Traditional Rental Income: $2494 Airbnb ROI: -0.86% 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: 2.93% Traditional cash on cash: 10.59% Airbnb Rental Income: $1363 Traditional Rental Income: $2258 Airbnb ROI: 2.93% 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 \| 600 sq.ft.	$315,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 3.75% Airbnb Rental Income: $1345 Traditional Rental Income: $1623 Airbnb ROI: 1.42% Traditional ROI: 3.75%
524 N Governor St Iowa City, IA Two unit invest/income property in a great location. 524 and 524 1/2. 524 is main level un...	N/A beds \| N/A baths \| 1,428 sq.ft.	$215,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 6.64% Airbnb Rental Income: $1213 Traditional Rental Income: $2015 Airbnb ROI: 0.79% Traditional ROI: 6.64%
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: 2.03% Traditional cash on cash: 4.63% Airbnb Rental Income: $1395 Traditional Rental Income: $1527 Airbnb ROI: 2.03% Traditional ROI: 4.63%
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: -0.51% Traditional cash on cash: 2.28% Airbnb Rental Income: $793 Traditional Rental Income: $1904 Airbnb ROI: -0.51% 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: -0.51% Traditional cash on cash: 2.28% Airbnb Rental Income: $793 Traditional Rental Income: $1904 Airbnb ROI: -0.51% 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: -0.51% Traditional cash on cash: 2.28% Airbnb Rental Income: $793 Traditional Rental Income: $1904 Airbnb ROI: -0.51% 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: -0.51% Traditional cash on cash: 2.28% Airbnb Rental Income: $793 Traditional Rental Income: $1904 Airbnb ROI: -0.51% Traditional ROI: 2.28%
1011 Hudson Ave Iowa City, IA 1011 Hudson Ave, Iowa City, IA 52246 \| Multi Family	N/A beds \| N/A baths \| 2,100 sq.ft.	$390,000	Airbnb cash on cash: -0.49% Traditional cash on cash: -0.56% Airbnb Rental Income: $1243 Traditional Rental Income: $824 Airbnb ROI: -0.49% Traditional ROI: -0.56%
409 S 7th Ave Iowa City, IA Welcome to this charming and well-located property in the heart of Iowa City right on a co...	N/A beds \| N/A baths \| 1,146 sq.ft.	$309,950	Airbnb cash on cash: 0.98% Traditional cash on cash: 1.39% Airbnb Rental Income: $1553 Traditional Rental Income: $1225 Airbnb ROI: 0.98% Traditional ROI: 1.39%
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.	$225,000	Airbnb cash on cash: 1.85% Traditional cash on cash: 8.82% Airbnb Rental Income: $1395 Traditional Rental Income: $2459 Airbnb ROI: 1.85% Traditional ROI: 8.82%
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: 3.64% Traditional cash on cash: 3.01% Airbnb Rental Income: $3016 Traditional Rental Income: $2076 Airbnb ROI: 3.64% 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.	$259,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 6.01% Airbnb Rental Income: $960 Traditional Rental Income: $2104 Airbnb ROI: -0.1% Traditional ROI: 6.01%
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: -0.16% Traditional cash on cash: 2.99% Airbnb Rental Income: $1421 Traditional Rental Income: $2551 Airbnb ROI: -0.16% Traditional ROI: 2.99%
1312 22nd Street Des Moines, IA Turnkey investment opportunity perfect for first-time investors looking to build their por...	4 beds \| N/A baths \| 1,682 sq.ft.	$185,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 8.22% Airbnb Rental Income: $960 Traditional Rental Income: $1914 Airbnb ROI: 0.82% Traditional ROI: 8.22%
905 5th Avenue SW Spencer, IA The perfect blend of modern design and effortless living in this completely updated duplex...	2 beds \| 1 baths \| 1,251 sq.ft.	$237,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.06% Airbnb Rental Income: $null Traditional Rental Income: $1664 Airbnb ROI: N/A Traditional ROI: 5.06%
927/929 Fairchild St Iowa City, IA 927/929 Fairchild St, Iowa City, IA 52240 \| Multi Family	N/A beds \| N/A baths \| 1,200 sq.ft.	$220,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 0.59% Airbnb Rental Income: $1213 Traditional Rental Income: $747 Airbnb ROI: 0.95% Traditional ROI: 0.59%
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.	$259,900	Airbnb cash on cash: 3.79% Traditional cash on cash: 5.47% Airbnb Rental Income: $2250 Traditional Rental Income: $2098 Airbnb ROI: 3.79% Traditional ROI: 5.47%
1123 E Washington St Iowa City, IA 1123 E Washington St, Iowa City, IA 52245 \| Multi Family	N/A beds \| N/A baths \| 2,824 sq.ft.	$300,000	Airbnb cash on cash: 0.96% Traditional cash on cash: -0.32% Airbnb Rental Income: $1529 Traditional Rental Income: $724 Airbnb ROI: 0.96% Traditional ROI: -0.32%
606 Cottonwood 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 Cottonwood 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 \| 2,448 sq.ft.	$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.	$219,900	Airbnb cash on cash: 0.67% Traditional cash on cash: 9.09% Airbnb Rental Income: $891 Traditional Rental Income: $2307 Airbnb ROI: 0.67% Traditional ROI: 9.09%
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: -0.55% Traditional cash on cash: 6.83% Airbnb Rental Income: $885 Traditional Rental Income: $2120 Airbnb ROI: -0.55% Traditional ROI: 6.83%
1319 39th Street Des Moines, IA INCOME OPPORTUNITY! This home has an additional 399 sqft studio apartment with its own sep...	4 beds \| 4 baths \| 1,972 sq.ft.	$339,900	Airbnb cash on cash: 0.28% Traditional cash on cash: 4.65% Airbnb Rental Income: $1395 Traditional Rental Income: $2370 Airbnb ROI: 0.28% Traditional ROI: 4.65%
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: -0.9% Traditional cash on cash: 5.25% Airbnb Rental Income: $960 Traditional Rental Income: $2290 Airbnb ROI: -0.9% Traditional ROI: 5.25%

Your search for investment property begins and ends here

Multi Family for Sale in Iowa

202 E South Street

Prairie City, IA

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

$254,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.25%

Airbnb Rental Income: $null

Traditional Rental Income: $967

Airbnb ROI: N/A

Traditional ROI: 1.25%

4131 55th Street

Des Moines, IA

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

$275,000

Airbnb cash on cash: -0.86%

Traditional cash on cash: 6.64%

Airbnb Rental Income: $885

Traditional Rental Income: $2494

Airbnb ROI: -0.86%

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: 2.93%

Traditional cash on cash: 10.59%

Airbnb Rental Income: $1363

Traditional Rental Income: $2258

Airbnb ROI: 2.93%

Traditional ROI: 10.59%

541 Mill Street

COUNCIL BLUFFS, IA

N/A beds | N/A baths | 600 sq.ft.

$315,000

Airbnb cash on cash: 1.42%

Traditional cash on cash: 3.75%

Airbnb Rental Income: $1345

Traditional Rental Income: $1623

Airbnb ROI: 1.42%

Traditional ROI: 3.75%

524 N Governor St

Iowa City, IA

N/A beds | N/A baths | 1,428 sq.ft.

$215,000

Airbnb cash on cash: 0.79%

Traditional cash on cash: 6.64%

Airbnb Rental Income: $1213

Traditional Rental Income: $2015

Airbnb ROI: 0.79%

Traditional ROI: 6.64%

2300 Dean Avenue

Des Moines, IA

2 beds | 2 baths | 864 sq.ft.

$225,000

Airbnb cash on cash: 2.03%

Traditional cash on cash: 4.63%

Airbnb Rental Income: $1395

Traditional Rental Income: $1527

Airbnb ROI: 2.03%

Traditional ROI: 4.63%

2389 N 10 Avenue E

Adair, IA

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