nature providing gain for forward-propagating signals and transmission line losses for backward traveling waves. This intrinsic non-reciprocity is insufficient to protect sensitive quantum devices from back-action due to noise from warmer amplification stages in practical systems, and thus necessitates the need for bulky cryogenic isolators. We present a multi-stage Traveling-Wave Parametric Amplifier (mTWPA) that addresses this limitation by achieving passive in-band reverse isolation alongside near-quantum-limited noise performance. The multi-stage architecture consists of two, mode conversion stages and a reflectionless high-pass filter which provides the passive isolation. Experimental measurements of a prototype mTWPA demonstrated 20 dB of forward gain across a 1.6 GHz bandwidth and greater than 35 dB of reverse isolation. Noise measurements indicate performance at 1.7 times the quantum limit. This demonstrates that the increased complexity of a multi-stage TWPA design does not lead to significant added noise. The designed distribution of gain across the stages is engineered to minimize internal amplifier noise at the input, and we propose further optimization strategies in redistribution of the gain between the stages. This level of isolation effectively mitigates noise from warmer amplification stages, matching the performance of conventional isolators. The mTWPA approach offers a scalable path forward for more efficient and compact quantum circuit readout systems.