Real Estate Investment Properties for Sale in Des Moines, IA

Looking for investment property in Des Moines, IA with high ROI ?

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

Condos for Sale in Des Moines, IA

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

Showing 49 Condo 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
400 SW 7th Street #304 Des Moines, IA Modern luxury awaits in this downtown condo, a must-see gem that offers tax abatement thro...	1 beds \| 1 baths \| 890 sq.ft.	$237,500	Airbnb cash on cash: -1.19% Traditional cash on cash: 5.19% Airbnb Rental Income: $744 Traditional Rental Income: $1864 Airbnb ROI: -1.19% Traditional ROI: 5.19%
450 SW 7th Street #301 Des Moines, IA Modern 2-bedroom, 2-bath end-unit condo in the heart of downtown Des Moines! This light-fi...	2 beds \| 2 baths \| 1,056 sq.ft.	$328,000	Airbnb cash on cash: 0.4% Traditional cash on cash: 3.29% Airbnb Rental Income: $992 Traditional Rental Income: $1530 Airbnb ROI: 0.4% Traditional ROI: 3.29%
2901 Grand Avenue unit: 107 Des Moines, IA Welcome to effortless urban living in the heart of Des Moines' vibrant entertainment and h...	2 beds \| 2 baths \| 1,168 sq.ft.	$184,900	Airbnb cash on cash: -2.35% Traditional cash on cash: 4.69% Airbnb Rental Income: $992 Traditional Rental Income: $1876 Airbnb ROI: -2.35% Traditional ROI: 4.69%
301 E Court Avenue unit: 203 Des Moines, IA Located in the heart of downtown Des Moines, this condo at 301 E Court Ave #203 offers a r...	1 beds \| 1 baths \| 1,060 sq.ft.	$275,000	Airbnb cash on cash: -3.49% Traditional cash on cash: 0.92% Airbnb Rental Income: $744 Traditional Rental Income: $1575 Airbnb ROI: -3.49% Traditional ROI: 0.92%
3663 Grand Avenue unit: 905 Des Moines, IA When you walk in you will immediatly be wowed by the amazing views, natural light and beau...	1 beds \| 1 baths \| 938 sq.ft.	$179,900	Airbnb cash on cash: -7.1% Traditional cash on cash: -0.96% Airbnb Rental Income: $744 Traditional Rental Income: $1483 Airbnb ROI: -7.1% Traditional ROI: -0.96%
301 E Court Avenue unit: 207 Des Moines, IA Downtown Living at its Best in the Historic East Village. This impressive condo features 1...	1 beds \| 1 baths \| 852 sq.ft.	$239,900	Airbnb cash on cash: -3.3% Traditional cash on cash: 1.71% Airbnb Rental Income: $744 Traditional Rental Income: $1567 Airbnb ROI: -3.3% Traditional ROI: 1.71%
450 SW 7th Street unit: 205 Des Moines, IA Why rent when you can own? This downtown condo has it all-- tax abatement through 2029 (hu...	1 beds \| 1 baths \| 590 sq.ft.	$149,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 7.77% Airbnb Rental Income: $744 Traditional Rental Income: $1648 Airbnb ROI: -0.76% Traditional ROI: 7.77%
400 E Locust Street unit: 213 Des Moines, IA If you've been dreaming of a place that lets you work from home and live your best social ...	2 beds \| 2 baths \| 978 sq.ft.	$250,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 4.43% Airbnb Rental Income: $992 Traditional Rental Income: $1691 Airbnb ROI: -0.03% Traditional ROI: 4.43%
119 4th Street unit: 309 Des Moines, IA Welcome to this stunning west-facing condo in the iconic SOCO building, where sunsets, cit...	2 beds \| 2 baths \| 1,159 sq.ft.	$313,000	Airbnb cash on cash: -0.62% Traditional cash on cash: 3.84% Airbnb Rental Income: $992 Traditional Rental Income: $1951 Airbnb ROI: -0.62% Traditional ROI: 3.84%
3663 Grand- Avenue unit: 501 Des Moines, IA Welcome to Unit 501 at West Grand Towers Condos - where luxury living, location, and ameni...	2 beds \| 2 baths \| 1,218 sq.ft.	$185,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 7.28% Airbnb Rental Income: $992 Traditional Rental Income: $1837 Airbnb ROI: 0.46% Traditional ROI: 7.28%
112 11th Street unit: 607 Des Moines, IA Mulberry Lofts / Top-Floor Industrial Loft with Modern Upgrades Experience true loft livin...	1 beds \| 1 baths \| 689 sq.ft.	$156,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 5.96% Airbnb Rental Income: $744 Traditional Rental Income: $1433 Airbnb ROI: -0.76% Traditional ROI: 5.96%
3920 Grand Avenue unit: 2Tw Des Moines, IA 2nd floor unit in the east tower of the Barbican. South facing owners suite with amazing v...	2 beds \| 2 baths \| 1,747 sq.ft.	$375,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 2.88% Airbnb Rental Income: $992 Traditional Rental Income: $2139 Airbnb ROI: -1.38% Traditional ROI: 2.88%
400 SW 7th Street unit: 201 Des Moines, IA Experience the energy of downtown Des Moines In this modern and stylish 2 bedroom condo ju...	2 beds \| 2 baths \| 1,056 sq.ft.	$310,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 6.54% Airbnb Rental Income: $992 Traditional Rental Income: $2417 Airbnb ROI: 0.44% Traditional ROI: 6.54%
400 Walnut Street unit: 403 Des Moines, IA Any reasonable offer will be strongly considered This FULLY FURNISHED unit is grandfat...	1 beds \| 1 baths \| 925 sq.ft.	$179,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 5.5% Airbnb Rental Income: $744 Traditional Rental Income: $1486 Airbnb ROI: -0.69% Traditional ROI: 5.5%
400 E Locust Street #207 Des Moines, IA Experience the perfect blend of historic charm and modern design at SoHo Lofts, located in...	2 beds \| 2 baths \| 1,056 sq.ft.	$240,000	Airbnb cash on cash: -3.19% Traditional cash on cash: 2.09% Airbnb Rental Income: $992 Traditional Rental Income: $1835 Airbnb ROI: -3.19% Traditional ROI: 2.09%
400 E Locust Street unit: 207 Des Moines, IA Experience the perfect blend of historic charm and modern design at SoHo Lofts, located in...	2 beds \| 2 baths \| 1,056 sq.ft.	$240,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 4.81% Airbnb Rental Income: $992 Traditional Rental Income: $1831 Airbnb ROI: -0.45% Traditional ROI: 4.81%
3663 Grand Avenue unit: 104 Des Moines, IA Step into contemporary comfort in this beautifully updated one-bedroom condo, where high-e...	1 beds \| 1 baths \| 848 sq.ft.	$168,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 6.34% Airbnb Rental Income: $744 Traditional Rental Income: $1457 Airbnb ROI: -0.06% Traditional ROI: 6.34%
112 11th Street unit: 503 Des Moines, IA Industrial-style loft where exposed brick walls meet polished concrete floors under high c...	1 beds \| 1 baths \| 813 sq.ft.	$155,000	Airbnb cash on cash: -1.13% Traditional cash on cash: 5.24% Airbnb Rental Income: $744 Traditional Rental Income: $1374 Airbnb ROI: -1.13% Traditional ROI: 5.24%
450 SW 7th Street unit: 304 Des Moines, IA Lowest HOA dues in the downtown area at just $300/month! This top-floor 1-bedroom, 1-bath ...	1 beds \| 1 baths \| 890 sq.ft.	$244,500	Airbnb cash on cash: 0.01% Traditional cash on cash: 5.5% Airbnb Rental Income: $744 Traditional Rental Income: $1700 Airbnb ROI: 0.01% Traditional ROI: 5.5%
309 E 5th Street unit: 508 Des Moines, IA e5w Lofts is a mixed-used building located in the Historic East Village on the corner of E...	2 beds \| 2 baths \| 1,424 sq.ft.	$399,000	Airbnb cash on cash: -1.57% Traditional cash on cash: 3.83% Airbnb Rental Income: $992 Traditional Rental Income: $2656 Airbnb ROI: -1.57% Traditional ROI: 3.83%
4341 Grand Avenue unit: 4 Des Moines, IA Welcome to the perfect balance of charm and convenience with this beautiful 2-bedroom w/a ...	2 beds \| 2 baths \| 1,150 sq.ft.	$185,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 7.53% Airbnb Rental Income: $992 Traditional Rental Income: $1859 Airbnb ROI: 0.58% Traditional ROI: 7.53%
505 36th Street unit: 302 Des Moines, IA Beautiful 2 bedroom, 2 bathroom 3rd floor unit for sale. This home has an abundance of win...	2 beds \| 2 baths \| 1,478 sq.ft.	$174,900	Airbnb cash on cash: 0.83% Traditional cash on cash: 8.99% Airbnb Rental Income: $992 Traditional Rental Income: $1998 Airbnb ROI: 0.83% Traditional ROI: 8.99%
1314 22nd Street Des Moines, IA Duplex is being sold along with duplex next door as a package deal. (See 1312 22nd Street)...	10 beds \| N/A baths \| 4,140 sq.ft.	$510,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 1.46% Airbnb Rental Income: $1779 Traditional Rental Income: $1912 Airbnb ROI: 0.16% Traditional ROI: 1.46%
3930 Grand Avenue unit: 4Gn Des Moines, IA Top floor of the low rise building at the iconic Barbican. Gorgeous renovation with hardwo...	2 beds \| 2 baths \| 1,485 sq.ft.	$360,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 2.64% Airbnb Rental Income: $992 Traditional Rental Income: $1996 Airbnb ROI: -1.38% Traditional ROI: 2.64%
1900 50th Street unit: 22 Des Moines, IA Welcome to Franklin West Condos, where affordable homeownership meets a fantastic location...	2 beds \| 2 baths \| 856 sq.ft.	$113,000	Airbnb cash on cash: 2.39% Traditional cash on cash: 10.21% Airbnb Rental Income: $992 Traditional Rental Income: $1492 Airbnb ROI: 2.39% Traditional ROI: 10.21%
400 E Locust Street unit: 308 Des Moines, IA Welcome to this spacious, light-filled condo in the heart of a vibrant, walkable downtown ...	1 beds \| 1 baths \| 709 sq.ft.	$162,000	Airbnb cash on cash: -0.65% Traditional cash on cash: 6.37% Airbnb Rental Income: $744 Traditional Rental Income: $1516 Airbnb ROI: -0.65% Traditional ROI: 6.37%
118 Water Street unit: 125 Des Moines, IA Experience effortless downtown living at 118 Water St #125, an immaculate ground-floor con...	1 beds \| 2 baths \| 1,271 sq.ft.	$250,000	Airbnb cash on cash: -1.28% Traditional cash on cash: 5.19% Airbnb Rental Income: $744 Traditional Rental Income: $1959 Airbnb ROI: -1.28% Traditional ROI: 5.19%
3932 University Avenue unit: 2 Des Moines, IA Charming Condo in excellent location near Drake University. Within walking distance to res...	2 beds \| 1 baths \| 882 sq.ft.	$110,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 9.57% Airbnb Rental Income: $992 Traditional Rental Income: $1380 Airbnb ROI: 2.6% Traditional ROI: 9.57%
400 E Locust Street unit: 103 Des Moines, IA Welcome to this 1-bedroom, 1-bath ground-level condo in the heart of the East Village. The...	1 beds \| 1 baths \| 875 sq.ft.	$209,000	Airbnb cash on cash: -0.94% Traditional cash on cash: 4.24% Airbnb Rental Income: $744 Traditional Rental Income: $1457 Airbnb ROI: -0.94% Traditional ROI: 4.24%
400 Walnut Street unit: 203 Des Moines, IA Best value in the middle of downtown. Skywalk access. There is no better location to live ...	1 beds \| 1 baths \| 925 sq.ft.	$149,900	Airbnb cash on cash: -0.44% Traditional cash on cash: 6.31% Airbnb Rental Income: $744 Traditional Rental Income: $1399 Airbnb ROI: -0.44% Traditional ROI: 6.31%
3131 Fleur Drive unit: 208 Des Moines, IA Welcome to Park Fleur, a distinguished mid-century modern high-rise set on 4.5 scenic acre...	3 beds \| 3 baths \| 2,304 sq.ft.	$599,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 2.92% Airbnb Rental Income: $1250 Traditional Rental Income: $2973 Airbnb ROI: -0.87% Traditional ROI: 2.92%
400 Walnut Street unit: 304 Des Moines, IA Experience downtown living at the historic Kirkwood Building on the corner of 4th and Waln...	2 beds \| 2 baths \| 1,324 sq.ft.	$219,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 5.45% Airbnb Rental Income: $992 Traditional Rental Income: $1864 Airbnb ROI: -0.46% Traditional ROI: 5.45%
3916 9th Street Des Moines, IA Step into a solidly constructed multi-family investment opportunity in the desirable Oak P...	4 beds \| 4 baths \| 2,237 sq.ft.	$250,000	Airbnb cash on cash: 2.56% Traditional cash on cash: 10.38% Airbnb Rental Income: $1644 Traditional Rental Income: $3027 Airbnb ROI: 2.56% Traditional ROI: 10.38%
400 SW 7th Street unit: 304 Des Moines, IA Modern luxury awaits in this downtown condo, a must-see gem that offers tax abatement thro...	1 beds \| 1 baths \| 890 sq.ft.	$229,500	Airbnb cash on cash: 0.07% Traditional cash on cash: 5.92% Airbnb Rental Income: $744 Traditional Rental Income: $1701 Airbnb ROI: 0.07% Traditional ROI: 5.92%
300 Walnut Street unit: 1509 Des Moines, IA The Plaza. Condominiums perfect for generational living (parents on one floor / relatives ...	2 beds \| 2 baths \| 1,781 sq.ft.	$550,000	Airbnb cash on cash: -1.51% Traditional cash on cash: 1.56% Airbnb Rental Income: $992 Traditional Rental Income: $2219 Airbnb ROI: -1.51% Traditional ROI: 1.56%
112 11th Street unit: 203 Des Moines, IA OPEN HOUSE SAT 3/28, 10:30-NOONWelcome to 112 11th Street #203 in the Mulberry Lofts o...	1 beds \| 1 baths \| 813 sq.ft.	$175,000	Airbnb cash on cash: -3.74% Traditional cash on cash: 1.99% Airbnb Rental Income: $744 Traditional Rental Income: $1386 Airbnb ROI: -3.74% Traditional ROI: 1.99%
300 Walnut Street unit: 604 Des Moines, IA Welcome to true downtown Des Moines living at The Plaza. This one-bedroom condo offers won...	1 beds \| 1 baths \| 655 sq.ft.	$160,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 5.06% Airbnb Rental Income: $744 Traditional Rental Income: $1236 Airbnb ROI: -0.21% Traditional ROI: 5.06%
4004 Grand Avenue unit: 103 Des Moines, IA Location, location, location! Spacious and roomy ranch. Very convenient main floor propert...	1 beds \| 2 baths \| 1,650 sq.ft.	$239,000	Airbnb cash on cash: -1.05% Traditional cash on cash: 5.9% Airbnb Rental Income: $744 Traditional Rental Income: $2001 Airbnb ROI: -1.05% Traditional ROI: 5.9%
400 E Locust Street unit: 203 Des Moines, IA You must see this completely renovated SOHO loft in the heart of the historic East Village...	2 beds \| 2 baths \| 1,208 sq.ft.	$299,000	Airbnb cash on cash: -0.67% Traditional cash on cash: 4.3% Airbnb Rental Income: $992 Traditional Rental Income: $2037 Airbnb ROI: -0.67% Traditional ROI: 4.3%
1503 Pleasant Street unit: 5 Des Moines, IA Wake up to PENTHOUSE skyline views at Residence #5 in the historic Alegre Building, where ...	2 beds \| 1 baths \| 1,289 sq.ft.	$249,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 3.48% Airbnb Rental Income: $992 Traditional Rental Income: $1620 Airbnb ROI: -0.69% Traditional ROI: 3.48%

Your search for investment property begins and ends here

Condos for Sale in Des Moines, IA

400 SW 7th Street #304

Des Moines, IA

1 beds | 1 baths | 890 sq.ft.

$237,500

Airbnb cash on cash: -1.19%

Traditional cash on cash: 5.19%

Airbnb Rental Income: $744

Traditional Rental Income: $1864

Airbnb ROI: -1.19%

Traditional ROI: 5.19%

450 SW 7th Street #301

Des Moines, IA

2 beds | 2 baths | 1,056 sq.ft.

$328,000

Airbnb cash on cash: 0.4%

Traditional cash on cash: 3.29%

Airbnb Rental Income: $992

Traditional Rental Income: $1530

Airbnb ROI: 0.4%

Traditional ROI: 3.29%

2901 Grand Avenue unit: 107

Des Moines, IA

2 beds | 2 baths | 1,168 sq.ft.

$184,900

Airbnb cash on cash: -2.35%

Traditional cash on cash: 4.69%

Airbnb Rental Income: $992

Traditional Rental Income: $1876

Airbnb ROI: -2.35%

Traditional ROI: 4.69%

301 E Court Avenue unit: 203

Des Moines, IA

1 beds | 1 baths | 1,060 sq.ft.

$275,000

Airbnb cash on cash: -3.49%

Traditional cash on cash: 0.92%

Airbnb Rental Income: $744

Traditional Rental Income: $1575

Airbnb ROI: -3.49%

Traditional ROI: 0.92%

3663 Grand Avenue unit: 905

Des Moines, IA

1 beds | 1 baths | 938 sq.ft.

$179,900

Airbnb cash on cash: -7.1%

Traditional cash on cash: -0.96%

Airbnb Rental Income: $744

Traditional Rental Income: $1483

Airbnb ROI: -7.1%

Traditional ROI: -0.96%

301 E Court Avenue unit: 207

Des Moines, IA

1 beds | 1 baths | 852 sq.ft.

$239,900

Airbnb cash on cash: -3.3%

Traditional cash on cash: 1.71%

Airbnb Rental Income: $744

Traditional Rental Income: $1567

Airbnb ROI: -3.3%

Traditional ROI: 1.71%

450 SW 7th Street unit: 205

Des Moines, IA

1 beds | 1 baths | 590 sq.ft.

$149,000

Airbnb cash on cash: -0.76%

Traditional cash on cash: 7.77%

Airbnb Rental Income: $744

Traditional Rental Income: $1648

Airbnb ROI: -0.76%

Traditional ROI: 7.77%

400 E Locust Street unit: 213

Des Moines, IA

2 beds | 2 baths | 978 sq.ft.

$250,000

Airbnb cash on cash: -0.03%

Traditional cash on cash: 4.43%

Airbnb Rental Income: $992

Traditional Rental Income: $1691

Airbnb ROI: -0.03%