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.

Townhouses for Sale in Iowa

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

Showing 524 Townhouse listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
354 NW Georgetown Boulevard Ankeny, IA Welcome to this well-maintained townhome in the highly sought-after Georgetown development...	2 beds \| 2 baths \| 1,140 sq.ft.	$174,500	Airbnb cash on cash: 5.49% Traditional cash on cash: 7.65% Airbnb Rental Income: $2106 Traditional Rental Income: $1925 Airbnb ROI: 5.49% Traditional ROI: 7.65%
196 Cambridge Drive West Des Moines, IA Gorgeous -3 bed, 3 bath Jordan Heights townhome just minutes from Jordan Creek Mall and qu...	3 beds \| 3 baths \| 1,520 sq.ft.	$245,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 6.65% Airbnb Rental Income: $1652 Traditional Rental Income: $2399 Airbnb ROI: 1.42% Traditional ROI: 6.65%
5895 Marble Circle Johnston, IA This outstanding 3 bed, 3 bath end unit w/finished LL, lives like a single family home w/l...	3 beds \| 3 baths \| 1,520 sq.ft.	$250,000	Airbnb cash on cash: -1.71% Traditional cash on cash: 4.14% Airbnb Rental Income: $872 Traditional Rental Income: $1920 Airbnb ROI: -1.71% Traditional ROI: 4.14%
244 4th Avenue W Clinton, IA Turn-key, move in-ready townhome! Offering a generous living space with 3 bedrooms and 2 1...	3 beds \| 3 baths \| 1,780 sq.ft.	$220,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 8.93% Airbnb Rental Income: $1192 Traditional Rental Income: $2459 Airbnb ROI: 0.99% Traditional ROI: 8.93%
15421 Walnut Hills Drive Urbandale, IA This spacious two-story townhome offers nearly 1800 sq ft of living space (1,799 finished)...	2 beds \| 3 baths \| 1,349 sq.ft.	$239,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 5.74% Airbnb Rental Income: $1168 Traditional Rental Income: $2125 Airbnb ROI: -0.2% Traditional ROI: 5.74%
1104 Cheyenne Drive Nevada, IA Experience style and comfort at 1104 Cheyenne, where quartz countertops, stainless steel a...	3 beds \| 2 baths \| 1,328 sq.ft.	$234,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.44% Airbnb Rental Income: $null Traditional Rental Income: $2409 Airbnb ROI: N/A Traditional ROI: 7.44%
1634 Prairie Circle Altoona, IA This lovely 3-bedroom, 3-bath townhome in the desirable Prairie Village neighborhood of Al...	3 beds \| 3 baths \| 1,198 sq.ft.	$204,900	Airbnb cash on cash: -1.36% Traditional cash on cash: 6.08% Airbnb Rental Income: $998 Traditional Rental Income: $2090 Airbnb ROI: -1.36% Traditional ROI: 6.08%
849 SE Delaware Avenue Ankeny, IA Welcome home to this beautifully updated ranch townhome, full of comfort and charm! With 4...	4 beds \| 3 baths \| 1,560 sq.ft.	$345,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 3.82% Airbnb Rental Income: $1635 Traditional Rental Income: $2288 Airbnb ROI: 0.38% Traditional ROI: 3.82%
2405 3rd Avenue SE Altoona, IA **Welcome to this beautiful resale townhome in Laird Estates with 3 bedroom, 3 bath and cl...	3 beds \| 3 baths \| 1,378 sq.ft.	$370,000	Airbnb cash on cash: -1.37% Traditional cash on cash: 3.76% Airbnb Rental Income: $998 Traditional Rental Income: $2422 Airbnb ROI: -1.37% Traditional ROI: 3.76%
2220 NW Bayberry Lane Ankeny, IA Welcome to 2220 NW Bayberry Lane, this two-story townhome offers space, style, and a locat...	3 beds \| 3 baths \| 1,511 sq.ft.	$249,900	Airbnb cash on cash: 1.22% Traditional cash on cash: 5.72% Airbnb Rental Income: $1615 Traditional Rental Income: $2218 Airbnb ROI: 1.22% Traditional ROI: 5.72%
6151 Bristol Lane Johnston, IA Like-NEW townhome with quick access to Highway 141 and I-80, plus walking distance to loca...	2 beds \| 3 baths \| 1,329 sq.ft.	$235,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 7.2% Airbnb Rental Income: $925 Traditional Rental Income: $2427 Airbnb ROI: -1.11% Traditional ROI: 7.2%
5841 SE 22nd Court Des Moines, IA Step inside this zero-entry ranch townhome and instantly feel at home. The open concept la...	2 beds \| 2 baths \| 1,454 sq.ft.	$247,500	Airbnb cash on cash: -0.76% Traditional cash on cash: 6.49% Airbnb Rental Income: $992 Traditional Rental Income: $2332 Airbnb ROI: -0.76% Traditional ROI: 6.49%
545 10th Street Waukee, IA Absolute gem, end unit in small private complex w over 2500+ sq ft of finished living spac...	4 beds \| 4 baths \| 1,706 sq.ft.	$285,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 6.47% Airbnb Rental Income: $1412 Traditional Rental Income: $2642 Airbnb ROI: 0.3% Traditional ROI: 6.47%
533 Spring Crest Lane Waukee, IA Discover unbeatable value in this 4-bedroom, 4-bath townhome offering an incredible 2,386s...	4 beds \| 4 baths \| 1,706 sq.ft.	$299,400	Airbnb cash on cash: 0.16% Traditional cash on cash: 6.05% Airbnb Rental Income: $1412 Traditional Rental Income: $2649 Airbnb ROI: 0.16% Traditional ROI: 6.05%
4714 Todd Drive Ames, IA Welcome to this spacious 3-bedroom, 2.5-bathroom townhouse that blends comfort, convenienc...	3 beds \| 3 baths \| 1,314 sq.ft.	$214,900	Airbnb cash on cash: 2.36% Traditional cash on cash: 7.03% Airbnb Rental Income: $1720 Traditional Rental Income: $2194 Airbnb ROI: 2.36% Traditional ROI: 7.03%
5817 SE 22nd Court Des Moines, IA Spacious ranch townhome that is one owner and meticulous! Over 1450 sqft and a very open p...	2 beds \| 2 baths \| 1,454 sq.ft.	$239,900	Airbnb cash on cash: 0.12% Traditional cash on cash: 7.53% Airbnb Rental Income: $992 Traditional Rental Income: $2319 Airbnb ROI: 0.12% Traditional ROI: 7.53%
908 NE 57th Lane Ankeny, IA Looking for a move-in ready home in NE Ankeny? This stunning 3-bed, 3-bath end-unit townho...	3 beds \| 3 baths \| 1,380 sq.ft.	$219,900	Airbnb cash on cash: 1.6% Traditional cash on cash: 7.62% Airbnb Rental Income: $1615 Traditional Rental Income: $2412 Airbnb ROI: 1.6% Traditional ROI: 7.62%
2500 NE 6th Street Grimes, IA Check out this bi-attached home in Grimes! The kitchen features quartz countertops, extra ...	3 beds \| 3 baths \| 1,335 sq.ft.	$367,500	Airbnb cash on cash: -0.08% Traditional cash on cash: 4.54% Airbnb Rental Income: $1062 Traditional Rental Income: $2291 Airbnb ROI: -0.08% Traditional ROI: 4.54%
2502 NE 6th Street Grimes, IA Check out this bi-attached townhome in Grimes! The kitchen features quartz countertops, ex...	3 beds \| 3 baths \| 1,335 sq.ft.	$367,500	Airbnb cash on cash: -0.08% Traditional cash on cash: 4.12% Airbnb Rental Income: $1062 Traditional Rental Income: $2146 Airbnb ROI: -0.08% Traditional ROI: 4.12%
2505 53rd st Des Moines, IA	3 beds \| 2 baths \| N/A	$190,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 3.73% Airbnb Rental Income: $1250 Traditional Rental Income: $1469 Airbnb ROI: 0.32% Traditional ROI: 3.73%
3060 NW 19th Court Ankeny, IA Welcome to this beautifully maintained Northwest Ankeny twinhome with no HOA-offering comf...	3 beds \| 3 baths \| 1,092 sq.ft.	$314,900	Airbnb cash on cash: 1.15% Traditional cash on cash: 4.78% Airbnb Rental Income: $1615 Traditional Rental Income: $2231 Airbnb ROI: 1.15% Traditional ROI: 4.78%
290 Amberwood Drive Pleasant Hill, IA This meticulously maintained end-unit townhome in Pleasant Hill's Pine Valley development ...	3 beds \| 3 baths \| 1,617 sq.ft.	$235,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 4.59% Airbnb Rental Income: $1289 Traditional Rental Income: $1858 Airbnb ROI: 0.21% Traditional ROI: 4.59%
747 NE Macey Way Waukee, IA Step into this inviting 3-bedroom, 2.5-bath, 2-story townhouse that perfectly blends style...	3 beds \| 3 baths \| 1,444 sq.ft.	$234,500	Airbnb cash on cash: -0.34% Traditional cash on cash: 4.33% Airbnb Rental Income: $1127 Traditional Rental Income: $1785 Airbnb ROI: -0.34% Traditional ROI: 4.33%
5794 Oakwood Avenue NE #2 Cedar Rapids, IA New appliances! Seller will pay a year of HOA dues! Gated community with exceptionally mai...	3 beds \| 4 baths \| 2,559 sq.ft.	$224,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.05% Airbnb Rental Income: $null Traditional Rental Income: $2701 Airbnb ROI: N/A Traditional ROI: 8.05%
1053 NE 58th Lane Ankeny, IA Welcome to this beautiful townhome in Ankeny, located in the highly desired North Polk Sch...	2 beds \| 3 baths \| 1,331 sq.ft.	$215,000	Airbnb cash on cash: 3.72% Traditional cash on cash: 8.05% Airbnb Rental Income: $2106 Traditional Rental Income: $2449 Airbnb ROI: 3.72% Traditional ROI: 8.05%
570 Stone Creek Court West Des Moines, IA Welcome home to your conveniently located townhome, with 2 beds, 1.5 bath and 1 car attach...	2 beds \| 2 baths \| 1,302 sq.ft.	$190,000	Airbnb cash on cash: 1.87% Traditional cash on cash: 6.77% Airbnb Rental Income: $1585 Traditional Rental Income: $2017 Airbnb ROI: 1.87% Traditional ROI: 6.77%
2204 SW Westwood Street Ankeny, IA Immaculate custom designed one owner townhome in Prairie Trail neighborhood. This one is a...	3 beds \| 3 baths \| 1,415 sq.ft.	$369,900	Airbnb cash on cash: 0.22% Traditional cash on cash: 3.87% Airbnb Rental Income: $1615 Traditional Rental Income: $2424 Airbnb ROI: 0.22% Traditional ROI: 3.87%
2210 SW Westwood Street Ankeny, IA Finally Found Perfect townhome located in Prairie Trail! Open concept floor plan has a com...	3 beds \| 3 baths \| 1,344 sq.ft.	$365,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 3.74% Airbnb Rental Income: $1615 Traditional Rental Income: $2446 Airbnb ROI: -0.02% Traditional ROI: 3.74%
1008 NE Greenview Drive Ankeny, IA Spacious and inviting, this 3-bedroom home with a loft offers over 1,600 sqft of comfortab...	3 beds \| 3 baths \| 1,614 sq.ft.	$240,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 6.65% Airbnb Rental Income: $1615 Traditional Rental Income: $2334 Airbnb ROI: 1.47% Traditional ROI: 6.65%
5707 NE Lowell Lane Ankeny, IA Beautiful Ankeny townhome that is in the North Polk School District! Bright, open main flo...	2 beds \| 3 baths \| 1,331 sq.ft.	$212,000	Airbnb cash on cash: 3.78% Traditional cash on cash: 6.17% Airbnb Rental Income: $2106 Traditional Rental Income: $2047 Airbnb ROI: 3.78% Traditional ROI: 6.17%
1943 E Bell Avenue Des Moines, IA Welcome to this move-in ready townhome fresh, updated, and waiting for you! The main level...	2 beds \| 1 baths \| 979 sq.ft.	$180,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 6.5% Airbnb Rental Income: $992 Traditional Rental Income: $1561 Airbnb ROI: 1.11% Traditional ROI: 6.5%
9140 Spring Crest Lane West Des Moines, IA Fall in love the moment you arrive at this like-new 3-bedroom, 4-bath townhome in a prime ...	3 beds \| 4 baths \| 1,473 sq.ft.	$299,900	Airbnb cash on cash: 1% Traditional cash on cash: 5.83% Airbnb Rental Income: $1652 Traditional Rental Income: $2552 Airbnb ROI: 1% Traditional ROI: 5.83%
9110 Spring Crest Lane West Des Moines, IA Built in 2022, this immaculate 4 bedroom end-unit townhome has it all including 4 bathroom...	4 beds \| 4 baths \| 1,706 sq.ft.	$315,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 6.11% Airbnb Rental Income: $1512 Traditional Rental Income: $2751 Airbnb ROI: 0.44% Traditional ROI: 6.11%
550 Indianola Road unit: 14 #14 Des Moines, IA Experience urban luxury at its finest in this stunning 2-bedroom, 3-bath condo located hig...	2 beds \| 3 baths \| 1,460 sq.ft.	$379,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 3.4% Airbnb Rental Income: $992 Traditional Rental Income: $1991 Airbnb ROI: -0.41% Traditional ROI: 3.4%
5418 NE Briarwood Drive Ankeny, IA Beautiful like new Jerry's twin home! Enter into a beautiful open floor plan with bonus su...	2 beds \| 2 baths \| 1,624 sq.ft.	$399,900	Airbnb cash on cash: 0.78% Traditional cash on cash: 1.52% Airbnb Rental Income: $2106 Traditional Rental Income: $1844 Airbnb ROI: 0.78% Traditional ROI: 1.52%
2513 SW Vineyard Lane Ankeny, IA Welcome to The Vineyard at Prairie Trail, a 55+ lifestyle community designed for connectio...	3 beds \| 3 baths \| 1,732 sq.ft.	$534,900	Airbnb cash on cash: -0.85% Traditional cash on cash: 2% Airbnb Rental Income: $1615 Traditional Rental Income: $2578 Airbnb ROI: -0.85% Traditional ROI: 2%
633 Meadow Place Ames, IA Welcome home to this beautifully maintained 3-bed, 2-bath split-level townhome in Ames! Wi...	3 beds \| 2 baths \| 630 sq.ft.	$155,000	Airbnb cash on cash: 4.47% Traditional cash on cash: 7.57% Airbnb Rental Income: $1720 Traditional Rental Income: $1704 Airbnb ROI: 4.47% Traditional ROI: 7.57%
223 Burr Oak Court Norwalk, IA Come check out this great three bedroom and end-unit townhome in Orchard View! This townho...	3 beds \| 3 baths \| 1,594 sq.ft.	$229,900	Airbnb cash on cash: -0.63% Traditional cash on cash: 7.91% Airbnb Rental Income: $1105 Traditional Rental Income: $2588 Airbnb ROI: -0.63% Traditional ROI: 7.91%
926 E 15th Street N Newton, IA Say goodbye to yardwork and shovels, and discover easy living in this charming 2 bedroom, ...	2 beds \| 1 baths \| 816 sq.ft.	$174,900	Airbnb cash on cash: 0.59% Traditional cash on cash: 5.94% Airbnb Rental Income: $1013 Traditional Rental Income: $1547 Airbnb ROI: 0.59% Traditional ROI: 5.94%

Your search for investment property begins and ends here

Townhouses for Sale in Iowa

354 NW Georgetown Boulevard

Ankeny, IA

2 beds | 2 baths | 1,140 sq.ft.

$174,500

Airbnb cash on cash: 5.49%

Traditional cash on cash: 7.65%

Airbnb Rental Income: $2106

Traditional Rental Income: $1925

Airbnb ROI: 5.49%

Traditional ROI: 7.65%

196 Cambridge Drive

West Des Moines, IA

3 beds | 3 baths | 1,520 sq.ft.

$245,000

Airbnb cash on cash: 1.42%

Traditional cash on cash: 6.65%

Airbnb Rental Income: $1652

Traditional Rental Income: $2399

Airbnb ROI: 1.42%

Traditional ROI: 6.65%

5895 Marble Circle

Johnston, IA

3 beds | 3 baths | 1,520 sq.ft.

$250,000

Airbnb cash on cash: -1.71%

Traditional cash on cash: 4.14%

Airbnb Rental Income: $872

Traditional Rental Income: $1920

Airbnb ROI: -1.71%

Traditional ROI: 4.14%

244 4th Avenue W

Clinton, IA

3 beds | 3 baths | 1,780 sq.ft.

$220,000

Airbnb cash on cash: 0.99%

Traditional cash on cash: 8.93%

Airbnb Rental Income: $1192

Traditional Rental Income: $2459

Airbnb ROI: 0.99%

Traditional ROI: 8.93%

15421 Walnut Hills Drive

Urbandale, IA

2 beds | 3 baths | 1,349 sq.ft.

$239,000

Airbnb cash on cash: -0.2%

Traditional cash on cash: 5.74%

Airbnb Rental Income: $1168

Traditional Rental Income: $2125

Airbnb ROI: -0.2%

Traditional ROI: 5.74%

1104 Cheyenne Drive

Nevada, IA

3 beds | 2 baths | 1,328 sq.ft.

$234,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.44%

Airbnb Rental Income: $null

Traditional Rental Income: $2409

Airbnb ROI: N/A

Traditional ROI: 7.44%

1634 Prairie Circle

Altoona, IA

3 beds | 3 baths | 1,198 sq.ft.

$204,900

Airbnb cash on cash: -1.36%

Traditional cash on cash: 6.08%

Airbnb Rental Income: $998

Traditional Rental Income: $2090

Airbnb ROI: -1.36%

Traditional ROI: 6.08%

849 SE Delaware Avenue

Ankeny, IA

4 beds | 3 baths | 1,560 sq.ft.

$345,000

Airbnb cash on cash: 0.38%

Traditional cash on cash: 3.82%

Airbnb Rental Income: $1635

Traditional Rental Income: $2288

Airbnb ROI: 0.38%