Real Estate Investment Properties for Sale in Algona, IA

Looking for investment property in Algona, IA with high ROI ?

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

Investment Property for Sale in Algona, IA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2407 Spruce Street Algona, IA 24-Hour sale Don't forget to ask about financing promotions with the preferred lender. If ...	3 beds \| 2 baths \| 1,306 sq.ft.	$345,000	Airbnb cash on cash: -2.06% Traditional cash on cash: 4.18% Airbnb Rental Income: $531 Traditional Rental Income: $2275 Airbnb ROI: -2.06% Traditional ROI: 4.18%
405 Timber Estates Algona, IA Tucked into a beautiful, wooded neighborhood, this stunning two-story home offers the perf...	4 beds \| 5 baths \| 3,954 sq.ft.	$549,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.61% Airbnb Rental Income: $null Traditional Rental Income: $2875 Airbnb ROI: N/A Traditional ROI: 3.61%
2317 E Spruce Street Algona, IA Set your furniture down and make yourself at home in this nicely updated 3-bedroom, 2-bath...	3 beds \| 2 baths \| 1,608 sq.ft.	$187,000	Airbnb cash on cash: -1.61% Traditional cash on cash: 10.58% Airbnb Rental Income: $531 Traditional Rental Income: $2421 Airbnb ROI: -1.61% Traditional ROI: 10.58%
628 W McGregor Street Algona, IA Charming home on the edge of town, perfect for that 1st time home buyer or someone looking...	3 beds \| 1 baths \| 1,118 sq.ft.	$124,900	Airbnb cash on cash: -1.01% Traditional cash on cash: 11.98% Airbnb Rental Income: $531 Traditional Rental Income: $1816 Airbnb ROI: -1.01% Traditional ROI: 11.98%
1214 E North Street Algona, IA Charming one-and-a-half story home featuring a half-brick, half-wood siding exterior. This...	2 beds \| 4 baths \| 3,020 sq.ft.	$264,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.01% Airbnb Rental Income: $null Traditional Rental Income: $3399 Airbnb ROI: N/A Traditional ROI: 11.01%
716 N Park Avenue Algona, IA Beautiful ranch style home with a double attached garage. You have complete main level liv...	3 beds \| 2 baths \| 2,660 sq.ft.	$439,900	Airbnb cash on cash: -1.71% Traditional cash on cash: 4% Airbnb Rental Income: $531 Traditional Rental Income: $2606 Airbnb ROI: -1.71% Traditional ROI: 4%
120 S Woodworth Street Algona, IA Welcome to this 4 bedroom, 2 bath split level home. Walk in the front door and up the stai...	4 beds \| 2 baths \| 1,548 sq.ft.	$142,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.83% Airbnb Rental Income: $null Traditional Rental Income: $1238 Airbnb ROI: N/A Traditional ROI: 5.83%
205 Woodlyn Way Algona, IA Own your own piece of paradise in this wooded lot in highly sought after neighborhood. The...	3 beds \| 2 baths \| 2,262 sq.ft.	$399,999	Airbnb cash on cash: -0.97% Traditional cash on cash: 4.8% Airbnb Rental Income: $531 Traditional Rental Income: $2420 Airbnb ROI: -0.97% Traditional ROI: 4.8%
602 E Lucas Street Algona, IA Very nice 3 bedroom condo located close to churches and downtown. Walk into the main level...	3 beds \| 3 baths \| 2,276 sq.ft.	$315,000	Airbnb cash on cash: -2.7% Traditional cash on cash: 7.32% Airbnb Rental Income: $531 Traditional Rental Income: $3223 Airbnb ROI: -2.7% Traditional ROI: 7.32%
1215 190Th Street Algona, IA Live your best life on the edge of town where city convenience meets rural serenity! This ...	3 beds \| 2 baths \| 988 sq.ft.	$205,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 7.51% Airbnb Rental Income: $531 Traditional Rental Income: $1889 Airbnb ROI: -0.9% Traditional ROI: 7.51%
908 N Wooster Street Algona, IA Discover the versatility of tri-level living in this updated 3 bedroom, 1 3/4 bath home in...	3 beds \| 2 baths \| 2,052 sq.ft.	$260,000	Airbnb cash on cash: -1.18% Traditional cash on cash: 9.04% Airbnb Rental Income: $531 Traditional Rental Income: $2762 Airbnb ROI: -1.18% Traditional ROI: 9.04%
317 HWY 18 E Algona, IA Beyond a private stone gate and winding drive lies an estate unlike anything Iowa has seen...	4 beds \| 5 baths \| 3,354 sq.ft.	$2,950,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.1% Airbnb Rental Income: $null Traditional Rental Income: $5103 Airbnb ROI: N/A Traditional ROI: 0.1%
720 N Thorington St Algona, IA Stunning Home on Historic Thorington Street - Classic Charm Meets Modern Luxury! Completel...	4 beds \| 3 baths \| 2,292 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.47% Airbnb Rental Income: $null Traditional Rental Income: $2974 Airbnb ROI: N/A Traditional ROI: 8.47%
1902 E Lucas Street Algona, IA Nestled in a quiet, family-friendly neighborhood, this 4-bedroom, 3-bath home checks all t...	4 beds \| 3 baths \| 2,800 sq.ft.	$365,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.66% Airbnb Rental Income: $null Traditional Rental Income: $3202 Airbnb ROI: N/A Traditional ROI: 6.66%
1414 E Linden Street Algona, IA Beautifully remodeled home with a double attached garage. The main level consists of a spa...	3 beds \| 2 baths \| 1,088 sq.ft.	$299,900	Airbnb cash on cash: -1.17% Traditional cash on cash: 4.96% Airbnb Rental Income: $531 Traditional Rental Income: $1983 Airbnb ROI: -1.17% Traditional ROI: 4.96%
419 W Overmeyer Drive Algona, IA This ranch style home has a great location just down the street from the swimming pool and...	3 beds \| 2 baths \| 1,216 sq.ft.	$215,000	Airbnb cash on cash: -1.29% Traditional cash on cash: 7.31% Airbnb Rental Income: $531 Traditional Rental Income: $2006 Airbnb ROI: -1.29% Traditional ROI: 7.31%
113 S Oaks Drive Algona, IA This home was moved to it's current location and placed on a concrete slab. Everything is ...	3 beds \| 2 baths \| 1,680 sq.ft.	$410,000	Airbnb cash on cash: -2.14% Traditional cash on cash: 3.67% Airbnb Rental Income: $531 Traditional Rental Income: $2485 Airbnb ROI: -2.14% Traditional ROI: 3.67%
122 Parkside Drive Algona, IA Set your furniture down in this move in ready ranch style home sitting in a quiet cul-de-s...	3 beds \| 2 baths \| 3,009 sq.ft.	$379,000	Airbnb cash on cash: -1.69% Traditional cash on cash: 5.09% Airbnb Rental Income: $531 Traditional Rental Income: $2667 Airbnb ROI: -1.69% Traditional ROI: 5.09%
614 S Harlan Street Algona, IA Charming 1.5-story home offering 1,204 sq ft of comfortable living space! This well-kept p...	2 beds \| 2 baths \| 1,204 sq.ft.	$184,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.01% Airbnb Rental Income: $null Traditional Rental Income: $1913 Airbnb ROI: N/A Traditional ROI: 8.01%
821 S Harlan Algona, IA Beautifully designed ranch home featuring high ceilings and 2,160 sq. ft. of inviting livi...	3 beds \| 2 baths \| 2,160 sq.ft.	$290,000	Airbnb cash on cash: -1.36% Traditional cash on cash: 6.98% Airbnb Rental Income: $531 Traditional Rental Income: $2534 Airbnb ROI: -1.36% Traditional ROI: 6.98%
402 Timber Estates Algona, IA This is a stunning custom home. On the main level you have a beautiful kitchen with an isl...	5 beds \| 4 baths \| 2,970 sq.ft.	$649,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.91% Airbnb Rental Income: $null Traditional Rental Income: $3559 Airbnb ROI: N/A Traditional ROI: 3.91%
605 N Phillips Street Algona, IA Beautiful brick ranch home with a double attached garage located on a large corner lot. Th...	3 beds \| 3 baths \| 2,434 sq.ft.	$320,000	Airbnb cash on cash: -1.86% Traditional cash on cash: 8.07% Airbnb Rental Income: $531 Traditional Rental Income: $3242 Airbnb ROI: -1.86% Traditional ROI: 8.07%
502 E North Street Algona, IA Beautiful end unit condo located in the down town area. This condo offers main level livin...	4 beds \| 3 baths \| 1,300 sq.ft.	$344,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.13% Airbnb Rental Income: $null Traditional Rental Income: $2141 Airbnb ROI: N/A Traditional ROI: 4.13%
324 W South Avenue Algona, IA Beautiful 5-bedroom home with a triple attached garage, situated on a generous lot offerin...	5 beds \| 3 baths \| 2,390 sq.ft.	$307,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.52% Airbnb Rental Income: $null Traditional Rental Income: $2937 Airbnb ROI: N/A Traditional ROI: 7.52%
508 N Church Street Algona, IA The charming curb appeal on this home continues in the back with a great backyard that fea...	4 beds \| 2 baths \| 1,572 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.38% Airbnb Rental Income: $null Traditional Rental Income: $1563 Airbnb ROI: N/A Traditional ROI: 6.38%
215 E McGregor Street #5 Algona, IA This nicely renovated upper level condo is in a great central location and has an elevator...	2 beds \| 2 baths \| 1,498 sq.ft.	$187,500	Airbnb cash on cash: N/A Traditional cash on cash: 9.04% Airbnb Rental Income: $null Traditional Rental Income: $2091 Airbnb ROI: N/A Traditional ROI: 9.04%
403 Brookridge Drive Algona, IA This brick ranch home has a great location in a quiet sub division right by the hospital &...	4 beds \| 2 baths \| 1,416 sq.ft.	$219,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.97% Airbnb Rental Income: $null Traditional Rental Income: $2327 Airbnb ROI: N/A Traditional ROI: 8.97%
703 N Thorington Algona, IA Step into timeless charm in this beautifully maintained Craftsman bungalow. From the momen...	3 beds \| 2 baths \| 1,876 sq.ft.	$399,000	Airbnb cash on cash: -1.1% Traditional cash on cash: 5.29% Airbnb Rental Income: $531 Traditional Rental Income: $2644 Airbnb ROI: -1.1% Traditional ROI: 5.29%
2109 E Spruce Street Algona, IA This very nice home is located close to Garrigan High School & Finn Drive. The windows let...	3 beds \| 2 baths \| 1,040 sq.ft.	$154,900	Airbnb cash on cash: -1.09% Traditional cash on cash: 10.71% Airbnb Rental Income: $531 Traditional Rental Income: $2000 Airbnb ROI: -1.09% Traditional ROI: 10.71%
1902 E State Street Algona, IA Don't miss out on this spacious family home with 3 bedrooms, 3 baths and a partially finis...	3 beds \| 3 baths \| 1,798 sq.ft.	$229,900	Airbnb cash on cash: -1.77% Traditional cash on cash: 9.21% Airbnb Rental Income: $531 Traditional Rental Income: $2643 Airbnb ROI: -1.77% Traditional ROI: 9.21%
1805 E Linden Street Algona, IA Very nice split foyer home with great features! The main level consists of the kitchen, di...	5 beds \| 3 baths \| 1,320 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.29% Airbnb Rental Income: $null Traditional Rental Income: $2370 Airbnb ROI: N/A Traditional ROI: 4.29%
204 S Roan Street Algona, IA Spacious and well-maintained ranch home offering 1,586 square feet of comfortable main-lev...	3 beds \| 2 baths \| 1,586 sq.ft.	$249,900	Airbnb cash on cash: -1.37% Traditional cash on cash: 7.79% Airbnb Rental Income: $531 Traditional Rental Income: $2417 Airbnb ROI: -1.37% Traditional ROI: 7.79%

Real Estate investment in Algona, IA

There are 35 properties for sale in the city of Algona . The median list price in Algona is $224,450 and the average price per square foot is $120. In May 2026, the average monthly cash on cash return in Algona is 8.00%. The average monthly rental income in Algona is $2,419.

Algona, IA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 35 investment properties available for sale in Algona.

In 2026, the best neighborhood to buy investment property is Algona.

The ROI for Long-Term is higher than the Short-Term in Algona with average rental income of $2,419.

Your search for investment property begins and ends here

Investment Property for Sale in Algona, IA

2407 Spruce Street

Algona, IA

3 beds | 2 baths | 1,306 sq.ft.

$345,000

Airbnb cash on cash: -2.06%

Traditional cash on cash: 4.18%

Airbnb Rental Income: $531

Traditional Rental Income: $2275

Airbnb ROI: -2.06%

Traditional ROI: 4.18%

405 Timber Estates

Algona, IA

4 beds | 5 baths | 3,954 sq.ft.

$549,500

Airbnb cash on cash: N/A

Traditional cash on cash: 3.61%

Airbnb Rental Income: $null

Traditional Rental Income: $2875

Airbnb ROI: N/A

Traditional ROI: 3.61%

2317 E Spruce Street

Algona, IA

3 beds | 2 baths | 1,608 sq.ft.

$187,000

Airbnb cash on cash: -1.61%

Traditional cash on cash: 10.58%

Airbnb Rental Income: $531

Traditional Rental Income: $2421

Airbnb ROI: -1.61%

Traditional ROI: 10.58%

628 W McGregor Street

Algona, IA

3 beds | 1 baths | 1,118 sq.ft.

$124,900

Airbnb cash on cash: -1.01%

Traditional cash on cash: 11.98%

Airbnb Rental Income: $531

Traditional Rental Income: $1816

Airbnb ROI: -1.01%

Traditional ROI: 11.98%

1214 E North Street

Algona, IA

2 beds | 4 baths | 3,020 sq.ft.

$264,900

Airbnb cash on cash: N/A

Traditional cash on cash: 11.01%

Airbnb Rental Income: $null

Traditional Rental Income: $3399

Airbnb ROI: N/A

Traditional ROI: 11.01%

716 N Park Avenue

Algona, IA

3 beds | 2 baths | 2,660 sq.ft.

$439,900

Airbnb cash on cash: -1.71%

Traditional cash on cash: 4%

Airbnb Rental Income: $531

Traditional Rental Income: $2606

Airbnb ROI: -1.71%

Traditional ROI: 4%

120 S Woodworth Street

Algona, IA

4 beds | 2 baths | 1,548 sq.ft.

$142,500

Airbnb cash on cash: N/A

Traditional cash on cash: 5.83%

Airbnb Rental Income: $null

Traditional Rental Income: $1238

Airbnb ROI: N/A

Traditional ROI: 5.83%

205 Woodlyn Way

Algona, IA

3 beds | 2 baths | 2,262 sq.ft.

$399,999

Airbnb cash on cash: -0.97%

Traditional cash on cash: 4.8%

Airbnb Rental Income: $531

Traditional Rental Income: $2420

Airbnb ROI: -0.97%