The low-energy structure of 65 Fe has been studied by means of γ and fast-timing spectroscopy at the ISOLDE facility, CERN. A level scheme of 65 Fe populated following the β − decay of 65 Mn was established for the first time. It includes 41 levels and 85 transitions. The excitation energy of the β-decaying isomer in 65 Fe has been precisely determined at 393.7(2) keV. The β-delayed neutron emission branch was measured as P n = 7.9(12)%, which cannot be reconciled with the previously reported value of 21.0(5)%. Four γ rays and four excited states in 64 Fe were identified as being populated following the β-n decay. Four lifetimes and five lifetime limits in the subnanosecond range have been measured using the advanced time-delayed βγ γ (t) method. The level scheme is compared with shell-model calculations. Tentative spin and parity assignments are proposed based on the observed transition rates, the calculations, and the systematics of the region.