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 653 Townhouse 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
909 W Trace Drive Polk City, IA Discover the perfect balance of modern comfort and small-town charm in this meticulously m...	4 beds \| 3 baths \| 1,390 sq.ft.	$359,990	Airbnb cash on cash: -0.3% Traditional cash on cash: 3.94% Airbnb Rental Income: $1461 Traditional Rental Income: $2463 Airbnb ROI: -0.3% Traditional ROI: 3.94%
3007 SW Sharmin Lane Ankeny, IA Move-in ready townhome located in a convenient Ankeny location close to shopping, dining, ...	2 beds \| 2 baths \| 1,056 sq.ft.	$195,000	Airbnb cash on cash: 4.71% Traditional cash on cash: 6.34% Airbnb Rental Income: $2106 Traditional Rental Income: $1869 Airbnb ROI: 4.71% Traditional ROI: 6.34%
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.	$247,000	Airbnb cash on cash: -1.72% Traditional cash on cash: 4.21% Airbnb Rental Income: $872 Traditional Rental Income: $1920 Airbnb ROI: -1.72% Traditional ROI: 4.21%
6873 Sharon Drive Urbandale, IA More than just a townHOUSE - this could be your townHOME! Move-in ready and thoughtfully u...	2 beds \| 3 baths \| 1,308 sq.ft.	$215,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 6.42% Airbnb Rental Income: $1168 Traditional Rental Income: $2096 Airbnb ROI: -0.02% Traditional ROI: 6.42%
561 10th Street Waukee, IA Beautiful end unit, 2 story townhome with open concept living, basement and attached 2 car...	3 beds \| 3 baths \| 1,706 sq.ft.	$278,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 5.86% Airbnb Rental Income: $1127 Traditional Rental Income: $2504 Airbnb ROI: -0.83% Traditional ROI: 5.86%
613 Meadow Place Ames, IA 3 Bedroom end-unit townhome in South Ames. 2 bathrooms with tile surrounds, nice sized liv...	3 beds \| 2 baths \| 630 sq.ft.	$112,000	Airbnb cash on cash: 6.91% Traditional cash on cash: 10.71% Airbnb Rental Income: $1720 Traditional Rental Income: $1656 Airbnb ROI: 6.91% Traditional ROI: 10.71%
1054 NE 56th Street Ankeny, IA Now this is a great place to call home! Truly move in ready with new carpet throughout, th...	3 beds \| 3 baths \| 1,380 sq.ft.	$219,900	Airbnb cash on cash: 1.56% Traditional cash on cash: 7.56% Airbnb Rental Income: $1615 Traditional Rental Income: $2405 Airbnb ROI: 1.56% Traditional ROI: 7.56%
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%
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.	$352,000	Airbnb cash on cash: -1.39% Traditional cash on cash: 4% Airbnb Rental Income: $998 Traditional Rental Income: $2422 Airbnb ROI: -1.39% Traditional ROI: 4%
2005 SW 35th St #1602 Ankeny, IA Welcome home to this beautifully maintained end-unit Story Townhouse located in the desira...	2 beds \| 3 baths \| 1,373 sq.ft.	$216,900	Airbnb cash on cash: 4.64% Traditional cash on cash: 7.36% Airbnb Rental Income: $2106 Traditional Rental Income: $2126 Airbnb ROI: 4.64% Traditional ROI: 7.36%
3015 SW Arlan Lane Ankeny, IA Why keep paying your landlord's mortgage when you could be building your own equity for ne...	2 beds \| 2 baths \| 1,056 sq.ft.	$185,000	Airbnb cash on cash: 4.87% Traditional cash on cash: 6.55% Airbnb Rental Income: $2106 Traditional Rental Income: $1862 Airbnb ROI: 4.87% Traditional ROI: 6.55%
2189 3rd Avenue SW Altoona, IA Why rent when you can own? Enjoy a comparable, or even lower monthly payment while buildin...	2 beds \| 3 baths \| 1,390 sq.ft.	$210,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 7.02% Airbnb Rental Income: $950 Traditional Rental Income: $2171 Airbnb ROI: -0.86% Traditional ROI: 7.02%
2220 NW Bayberry Lane Ankeny, IA Bright, spacious, and ideally located, this 3-bedroom Ankeny townhome delivers comfort tod...	3 beds \| 3 baths \| 1,511 sq.ft.	$245,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 5.85% Airbnb Rental Income: $1615 Traditional Rental Income: $2218 Airbnb ROI: 1.27% Traditional ROI: 5.85%
2648 82nd Street Urbandale, IA Welcome home to refined comfort and unforgettable views in the heart of Cobblestone. From ...	2 beds \| 3 baths \| 1,472 sq.ft.	$230,000	Airbnb cash on cash: -2.36% Traditional cash on cash: 2.29% Airbnb Rental Income: $1168 Traditional Rental Income: $1796 Airbnb ROI: -2.36% Traditional ROI: 2.29%
3703 NE Marissa Lane Ankeny, IA Welcome to this spacious end-unit townhome featuring a full finished basement with egress ...	2 beds \| 3 baths \| 1,340 sq.ft.	$289,000	Airbnb cash on cash: 2.14% Traditional cash on cash: 4.53% Airbnb Rental Income: $2106 Traditional Rental Income: $2218 Airbnb ROI: 2.14% Traditional ROI: 4.53%
3006 SE Glenstone Drive Grimes, IA Build 2015, updated LVP flooring throughout main level, stainless steel kitchen appliances...	3 beds \| 3 baths \| 1,636 sq.ft.	$244,500	Airbnb cash on cash: -0.89% Traditional cash on cash: 6.83% Airbnb Rental Income: $1062 Traditional Rental Income: $2479 Airbnb ROI: -0.89% Traditional ROI: 6.83%
6373 Wistful Vista Drive West Des Moines, IA Move-in ready townhome in the desirable Jordan Heights neighborhood in West Des Moines and...	3 beds \| 3 baths \| 1,719 sq.ft.	$292,000	Airbnb cash on cash: 1.43% Traditional cash on cash: 6.2% Airbnb Rental Income: $1652 Traditional Rental Income: $2498 Airbnb ROI: 1.43% Traditional ROI: 6.2%
5816 SE 22nd Court Des Moines, IA Welcome Home to Zero-Entry living and say goodbye to mowing and shoveling! This beautifull...	2 beds \| 2 baths \| 1,446 sq.ft.	$239,900	Airbnb cash on cash: -0.49% Traditional cash on cash: 6.74% Airbnb Rental Income: $992 Traditional Rental Income: $2278 Airbnb ROI: -0.49% Traditional ROI: 6.74%
2715 NW Casey Jones Lane Ankeny, IA Check out this three-story end-unit 3-bedroom townhome in a prime NW Ankeny location direc...	3 beds \| 3 baths \| 1,566 sq.ft.	$225,000	Airbnb cash on cash: 1.51% Traditional cash on cash: 7.93% Airbnb Rental Income: $1615 Traditional Rental Income: $2523 Airbnb ROI: 1.51% Traditional ROI: 7.93%
916 NE 57th Lane Ankeny, IA Well-maintained and move-in ready 3-bedroom, 2.5-bathroom townhome located in NE Ankeny wi...	3 beds \| 3 baths \| 1,380 sq.ft.	$230,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 7.23% Airbnb Rental Income: $1615 Traditional Rental Income: $2409 Airbnb ROI: 1.48% Traditional ROI: 7.23%
2102 High Street Des Moines, IA Discover your new home in this beautifully-appointed 2-bedroom, 2.5-bathroom end unit town...	2 beds \| 3 baths \| 1,104 sq.ft.	$239,900	Airbnb cash on cash: -1.62% Traditional cash on cash: 5.1% Airbnb Rental Income: $992 Traditional Rental Income: $2162 Airbnb ROI: -1.62% Traditional ROI: 5.1%
2500 NE 6th Street Grimes, IA 4 YEAR WARRANTY! 1 year builder warranty and 3 year extended warranty. Check out this bi-a...	3 beds \| 3 baths \| 1,335 sq.ft.	$360,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 4.66% Airbnb Rental Income: $1062 Traditional Rental Income: $2291 Airbnb ROI: -0.06% Traditional ROI: 4.66%
2502 NE 6th Street Grimes, IA 4 YEAR WARRANTY! 1 year builder warranty and 3 year extended warranty. Check out this bi-a...	3 beds \| 3 baths \| 1,335 sq.ft.	$360,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 4.23% Airbnb Rental Income: $1062 Traditional Rental Income: $2146 Airbnb ROI: -0.06% Traditional ROI: 4.23%
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%
7955 Wistful Vista Drive unit: 12 West Des Moines, IA Blending the best of Ranch & 2-story living, this stunning 1.5-story detached Townhome (NO...	5 beds \| 4 baths \| 2,330 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.34% Airbnb Rental Income: $null Traditional Rental Income: $2904 Airbnb ROI: N/A Traditional ROI: 4.34%
944 NE 49th Lane Ankeny, IA Beautifully maintained two-story townhome offering 2 bedrooms, 3 bathrooms, and 1,238 sq f...	2 beds \| 3 baths \| 1,238 sq.ft.	$194,900	Airbnb cash on cash: 4.39% Traditional cash on cash: 7.7% Airbnb Rental Income: $2106 Traditional Rental Income: $2180 Airbnb ROI: 4.39% Traditional ROI: 7.7%
453 Spring Crest Lane Waukee, IA This darling two-story, 2-bedroom, 2 1/2-bath townhome has been meticulously maintained an...	2 beds \| 3 baths \| 1,445 sq.ft.	$238,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 8.07% Airbnb Rental Income: $1558 Traditional Rental Income: $2624 Airbnb ROI: 1.34% Traditional ROI: 8.07%
6913 Jack London Drive Johnston, IA Fabulous townhome opportunity in Johnston, offering one of the lowest HOA dues & per squar...	2 beds \| 3 baths \| 1,520 sq.ft.	$225,000	Airbnb cash on cash: -1.19% Traditional cash on cash: 6.5% Airbnb Rental Income: $925 Traditional Rental Income: $2219 Airbnb ROI: -1.19% Traditional ROI: 6.5%
247 Red Oak Court Norwalk, IA Natural light floods into this stylish & comfortable end-unit townhome. The heart of the h...	3 beds \| 3 baths \| 1,594 sq.ft.	$228,500	Airbnb cash on cash: -0.75% Traditional cash on cash: 7.65% Airbnb Rental Income: $1105 Traditional Rental Income: $2548 Airbnb ROI: -0.75% Traditional ROI: 7.65%
2212 SW 35th Street Ankeny, IA Elegance meets accessibility in this zero-entry ranch! This 2-bedroom home offers a seamle...	2 beds \| 2 baths \| 1,300 sq.ft.	$263,500	Airbnb cash on cash: 3.2% Traditional cash on cash: 4.86% Airbnb Rental Income: $2106 Traditional Rental Income: $1980 Airbnb ROI: 3.2% Traditional ROI: 4.86%
827 Trail Ridge Road Indianola, IA One of the BEST views of Indianola Golf Club just became available! Situated off Hole #10,...	3 beds \| 3 baths \| 1,416 sq.ft.	$449,900	Airbnb cash on cash: -0.76% Traditional cash on cash: 2.86% Airbnb Rental Income: $1155 Traditional Rental Income: $2298 Airbnb ROI: -0.76% Traditional ROI: 2.86%
2107 W 4th Avenue Indianola, IA RARE opportunity to own a stunning 3-bedroom ranch walk-out townhome with a non-conforming...	3 beds \| 3 baths \| 1,440 sq.ft.	$264,999	Airbnb cash on cash: -0.56% Traditional cash on cash: 4.71% Airbnb Rental Income: $1155 Traditional Rental Income: $2092 Airbnb ROI: -0.56% Traditional ROI: 4.71%
821 Trail Ridge Road Indianola, IA All information obtained from seller and public record.	2 beds \| 2 baths \| 1,690 sq.ft.	$429,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.29% Airbnb Rental Income: $null Traditional Rental Income: $2342 Airbnb ROI: N/A Traditional ROI: 3.29%
747 NE Macey Way Waukee, IA Enjoy the perfect blend of convenience and comfort in this Waukee townhome! This bright, o...	3 beds \| 3 baths \| 1,444 sq.ft.	$234,400	Airbnb cash on cash: -0.39% Traditional cash on cash: 4.28% Airbnb Rental Income: $1127 Traditional Rental Income: $1785 Airbnb ROI: -0.39% Traditional ROI: 4.28%
14029 Ridgemont Drive Urbandale, IA Enjoy the benefits of single-family living with the convenience of townhome maintenance in...	3 beds \| 3 baths \| 2,098 sq.ft.	$450,000	Airbnb cash on cash: -0.99% Traditional cash on cash: 3.44% Airbnb Rental Income: $1471 Traditional Rental Income: $2903 Airbnb ROI: -0.99% Traditional ROI: 3.44%
834 SE Crabapple Drive Waukee, IA Welcome home to this rare and beautifully maintained 3-bedroom, 2-bathroom townhome offeri...	3 beds \| 3 baths \| 1,452 sq.ft.	$238,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 5.26% Airbnb Rental Income: $1127 Traditional Rental Income: $2115 Airbnb ROI: -0.81% Traditional ROI: 5.26%
246 NE Meadow Lane Ankeny, IA Great end unit townhome with large side yard! 3 bedrooms and 3 bathrooms located in a prim...	3 beds \| 3 baths \| 1,481 sq.ft.	$234,900	Airbnb cash on cash: 1.42% Traditional cash on cash: 7.23% Airbnb Rental Income: $1615 Traditional Rental Income: $2447 Airbnb ROI: 1.42% Traditional ROI: 7.23%
2787 SE Osier Avenue West Des Moines, IA Welcome to this beautifully maintained 2-story townhome in West Des Moines, offering over ...	2 beds \| 3 baths \| 1,328 sq.ft.	$248,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 6.48% Airbnb Rental Income: $1585 Traditional Rental Income: $2391 Airbnb ROI: 1.11% Traditional ROI: 6.48%
15411 Westbrook Drive Urbandale, IA Welcome to this beautiful 3-bed, 3-bath END UNIT townhome offering over 2,000 sq ft of liv...	3 beds \| 3 baths \| 1,393 sq.ft.	$244,900	Airbnb cash on cash: 0.61% Traditional cash on cash: 5.39% Airbnb Rental Income: $1471 Traditional Rental Income: $2142 Airbnb ROI: 0.61% Traditional ROI: 5.39%
1405 NE Mocking Bird Lane Grimes, IA Move-In Ready Townhome in the Johnston School District - Spacious & Low Maintenance! Welco...	3 beds \| 3 baths \| 1,637 sq.ft.	$295,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 5.62% Airbnb Rental Income: $1062 Traditional Rental Income: $2542 Airbnb ROI: -1.03% Traditional ROI: 5.62%

Your search for investment property begins and ends here

Townhouses for Sale in Iowa

909 W Trace Drive

Polk City, IA

4 beds | 3 baths | 1,390 sq.ft.

$359,990

Airbnb cash on cash: -0.3%

Traditional cash on cash: 3.94%

Airbnb Rental Income: $1461

Traditional Rental Income: $2463

Airbnb ROI: -0.3%

Traditional ROI: 3.94%

3007 SW Sharmin Lane

Ankeny, IA

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

$195,000

Airbnb cash on cash: 4.71%

Traditional cash on cash: 6.34%

Airbnb Rental Income: $2106

Traditional Rental Income: $1869

Airbnb ROI: 4.71%

Traditional ROI: 6.34%

5895 Marble Circle

Johnston, IA

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

$247,000

Airbnb cash on cash: -1.72%

Traditional cash on cash: 4.21%

Airbnb Rental Income: $872

Traditional Rental Income: $1920

Airbnb ROI: -1.72%

Traditional ROI: 4.21%

6873 Sharon Drive

Urbandale, IA

2 beds | 3 baths | 1,308 sq.ft.

$215,000

Airbnb cash on cash: -0.02%

Traditional cash on cash: 6.42%

Airbnb Rental Income: $1168

Traditional Rental Income: $2096

Airbnb ROI: -0.02%

Traditional ROI: 6.42%

561 10th Street

Waukee, IA

3 beds | 3 baths | 1,706 sq.ft.

$278,000

Airbnb cash on cash: -0.83%

Traditional cash on cash: 5.86%

Airbnb Rental Income: $1127

Traditional Rental Income: $2504

Airbnb ROI: -0.83%

Traditional ROI: 5.86%

613 Meadow Place

Ames, IA

3 beds | 2 baths | 630 sq.ft.

$112,000

Airbnb cash on cash: 6.91%

Traditional cash on cash: 10.71%

Airbnb Rental Income: $1720

Traditional Rental Income: $1656

Airbnb ROI: 6.91%

Traditional ROI: 10.71%

1054 NE 56th Street

Ankeny, IA

3 beds | 3 baths | 1,380 sq.ft.

$219,900

Airbnb cash on cash: 1.56%

Traditional cash on cash: 7.56%

Airbnb Rental Income: $1615

Traditional Rental Income: $2405

Airbnb ROI: 1.56%

Traditional ROI: 7.56%

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