Multi Family homes for sale & real estate in Marion, IA

Multi Family Home for sale in Marion, IA:

* * Investment Property Available in Cedar Rapids * * This multifamily complex comprises a total of 23 units: - 20 one-bedroom units - 1 two-bedroom unit - 1 three-bedroom unit - 1 efficiency unit Out of the 23 units, 10 have been fully remodeled within the past two years. The units occupied by long-term tenants remain untouched. The property is located in a great area with easy access. 2 units rents were doubled by furnishing them and renting short term. Each unit has its own furnace and AC. Tenants pay RUBs each month towards water. 48 Hours' Notice to Show.

Multi Family Home for sale in Marion, IA:

Don't miss your opportunity! This front/back duplex makes a nice investment property. The front unit has 3 bedrooms, 1.5 bathrooms, & a 2-stall garage. It is currently rented through November 31, 2025 for $1,340/mo & a new 1-year lease was just signed starting December 1st for $1,320/mo. . The back unit has 1 bedroom, 1 bathroom, & 1 off-street gravel parking spot. It is rented with a month-to-month lease for $725/mo. The property has been updated & well-maintained, including a brand new AC unit for the front unit. Whether you're a first-time investor or a seasoned pro, this property is a great one to add to the portfolio!

Multi Family Home for sale in Marion, IA:

Well-maintained 4-unit multifamily property located in SW Cedar Rapids. Each unit offers 2 bedrooms and 1 bathroom in an upper/lower layout. All leases are currently month-to-month. The owner pays water, gas, and a portion of dumpster service; tenants are responsible for electric. Property improvements include a new boiler, new siding and gutters, two new patio doors, replacement of most windows (all but three), and updated flooring in two of the four units. A coin-operated washer and dryer are available on site for added convenience. This income-producing property presents an excellent opportunity for investors seeking a well-cared-for rental in a low-inventory market.

Multi Family Home for sale in Marion, IA:

Historic charm meets modern investment opportunity in this well-maintained three-unit multifamily property located in the heart of Cedar Rapids. Listed on the Historical Registry, this beautifully preserved home features one efficiency apartment, one two-bedroom unit, and one spacious three-bedroom unit with one and a half baths—offering flexibility for a variety of tenant needs. Recent updates include new exterior paint in 2024, modernized electrical and plumbing systems, and thoughtful renovations throughout. Each unit has a strong rental history and long-term tenant stability. The property also offers a two-car detached garage with one heated bay, a fenced yard, and a convenient ce