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
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.	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.31% Airbnb Rental Income: $null Traditional Rental Income: $2937 Airbnb ROI: N/A Traditional ROI: 7.31%
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.	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.18% Airbnb Rental Income: $null Traditional Rental Income: $1563 Airbnb ROI: N/A Traditional ROI: 6.18%
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.	$199,000	Airbnb cash on cash: -1.59% Traditional cash on cash: 9.9% Airbnb Rental Income: $528 Traditional Rental Income: $2421 Airbnb ROI: -1.59% Traditional ROI: 9.9%
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%
730 N Durant St Algona, IA WELCOME HOME! Easy living in this ranch style 3 bedroom and 1 bathroom home. Located on a ...	3 beds \| 1 baths \| 1,008 sq.ft.	$139,000	Airbnb cash on cash: -1.04% Traditional cash on cash: 9.79% Airbnb Rental Income: $528 Traditional Rental Income: $1695 Airbnb ROI: -1.04% Traditional ROI: 9.79%
1708 E Oak Street Algona, IA Charming curb appeal on this ranch home with a single attached garage. The main level offe...	3 beds \| 2 baths \| 1,296 sq.ft.	$160,000	Airbnb cash on cash: -1.02% Traditional cash on cash: 4.38% Airbnb Rental Income: $528 Traditional Rental Income: $1077 Airbnb ROI: -1.02% Traditional ROI: 4.38%
701 E Lucas Street Algona, IA Don't miss your chance to own this cute 2 story home with loads of character throughout. W...	3 beds \| 1 baths \| 1,744 sq.ft.	$109,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 7.09% Airbnb Rental Income: $528 Traditional Rental Income: $1071 Airbnb ROI: -0.68% Traditional ROI: 7.09%
602 N Hall Street Algona, IA Check out this great family home located at 602 N Hall St in Algona just a short walk from...	3 beds \| 2 baths \| 1,613 sq.ft.	$158,900	Airbnb cash on cash: -1.24% Traditional cash on cash: 10.1% Airbnb Rental Income: $528 Traditional Rental Income: $1972 Airbnb ROI: -1.24% Traditional ROI: 10.1%
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%
709 S Jones Street Algona, IA MOTIVATED SELLERS! Home awaits you as you step into this beautiful 2 story home where old ...	3 beds \| 2 baths \| 1,477 sq.ft.	$174,900	Airbnb cash on cash: -1.25% Traditional cash on cash: 10.92% Airbnb Rental Income: $528 Traditional Rental Income: $2279 Airbnb ROI: -1.25% Traditional ROI: 10.92%
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.	$329,000	Airbnb cash on cash: -2.64% Traditional cash on cash: 6.97% Airbnb Rental Income: $528 Traditional Rental Income: $3223 Airbnb ROI: -2.64% Traditional ROI: 6.97%
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.	$220,000	Airbnb cash on cash: -0.91% Traditional cash on cash: 6.95% Airbnb Rental Income: $528 Traditional Rental Income: $1889 Airbnb ROI: -0.91% Traditional ROI: 6.95%
120 S Roan Street Algona, IA Nice family home located on a corner lot. On the main level walk into the foyer of the hom...	3 beds \| 3 baths \| 1,792 sq.ft.	$249,900	Airbnb cash on cash: -1.44% Traditional cash on cash: 9.3% Airbnb Rental Income: $528 Traditional Rental Income: $2785 Airbnb ROI: -1.44% Traditional ROI: 9.3%
120 W College Street Algona, IA Welcome home to this inviting 1996 ranch offering 1,120 sq ft of easy main-level living. T...	3 beds \| 2 baths \| 1,120 sq.ft.	$185,000	Airbnb cash on cash: -1.32% Traditional cash on cash: 11.8% Airbnb Rental Income: $528 Traditional Rental Income: $2559 Airbnb ROI: -1.32% Traditional ROI: 11.8%
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.	$275,000	Airbnb cash on cash: -1.18% Traditional cash on cash: 8.51% Airbnb Rental Income: $528 Traditional Rental Income: $2762 Airbnb ROI: -1.18% Traditional ROI: 8.51%
1426 E Lucas Street Algona, IA Check out this nicely updated 3 bedroom 2 bathroom ranch style home sitting on a spacious ...	3 beds \| 2 baths \| 1,482 sq.ft.	$176,500	Airbnb cash on cash: -1.21% Traditional cash on cash: 11.14% Airbnb Rental Income: $528 Traditional Rental Income: $2327 Airbnb ROI: -1.21% Traditional ROI: 11.14%
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.	$3,250,000	Airbnb cash on cash: N/A Traditional cash on cash: 0% Airbnb Rental Income: $null Traditional Rental Income: $5103 Airbnb ROI: N/A Traditional ROI: 0%
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.	$298,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.22% Airbnb Rental Income: $null Traditional Rental Income: $2974 Airbnb ROI: N/A Traditional ROI: 8.22%
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.	$379,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.38% Airbnb Rental Income: $null Traditional Rental Income: $3202 Airbnb ROI: N/A Traditional ROI: 6.38%
1703 E Mcgregor Street Algona, IA Spacious Ranch home located at 1703 E McGregor, offering 1,200 sq. ft. of well-designed ma...	2 beds \| 2 baths \| 1,202 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.69% Airbnb Rental Income: $null Traditional Rental Income: $1991 Airbnb ROI: N/A Traditional ROI: 8.69%
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.	$159,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 10.35% Airbnb Rental Income: $528 Traditional Rental Income: $2000 Airbnb ROI: -1.1% Traditional ROI: 10.35%
931 E Oak Street Algona, IA Welcome to this well-maintained home featuring 2 bedrooms and 2 bathrooms, plus a non-conf...	2 beds \| 2 baths \| 1,144 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.25% Airbnb Rental Income: $null Traditional Rental Income: $1892 Airbnb ROI: N/A Traditional ROI: 9.25%
2410 Eastland Drive Algona, IA This traditional 2 bedroom, 2 bathroom, ranch style home is move-in ready and offers true ...	2 beds \| 2 baths \| 1,500 sq.ft.	$390,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.32% Airbnb Rental Income: $null Traditional Rental Income: $2488 Airbnb ROI: N/A Traditional ROI: 5.32%
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.	$309,900	Airbnb cash on cash: -1.17% Traditional cash on cash: 4.77% Airbnb Rental Income: $528 Traditional Rental Income: $1983 Airbnb ROI: -1.17% Traditional ROI: 4.77%
332 N Thorington Street Algona, IA Spacious home located on beautiful Thorington Street. On the main level you will find a ni...	3 beds \| 3 baths \| 1,400 sq.ft.	$249,900	Airbnb cash on cash: -1.5% Traditional cash on cash: 7.44% Airbnb Rental Income: $528 Traditional Rental Income: $2362 Airbnb ROI: -1.5% Traditional ROI: 7.44%
1014 E call st Algona, IA Welcome to 1014 E Call Street, Algona, IA - a timeless brick beauty perfectly positioned o...	3 beds \| 2 baths \| 1,479 sq.ft.	$170,000	Airbnb cash on cash: -1.67% Traditional cash on cash: 10.9% Airbnb Rental Income: $528 Traditional Rental Income: $2288 Airbnb ROI: -1.67% Traditional ROI: 10.9%
702 260Th Street Algona, IA Escape the noise and enjoy the peaceful privacy this 2.19-acre acreage provides. This char...	3 beds \| 1 baths \| 1,536 sq.ft.	$312,000	Airbnb cash on cash: -1.05% Traditional cash on cash: 4.77% Airbnb Rental Income: $528 Traditional Rental Income: $1961 Airbnb ROI: -1.05% Traditional ROI: 4.77%
200 S Mccoy Street Algona, IA Welcome to SOUTH McCoy Street! Well-maintained home in a desirable neighborhood. The main ...	4 beds \| 2 baths \| 1,936 sq.ft.	$227,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.66% Airbnb Rental Income: $null Traditional Rental Income: $2045 Airbnb ROI: N/A Traditional ROI: 6.66%
2320 Eastland Drive Algona, IA Beautiful ranch-style home on a spacious lot on Algona's east side, this newer build (comp...	3 beds \| 2 baths \| 1,872 sq.ft.	$425,000	Airbnb cash on cash: -0.89% Traditional cash on cash: 5.37% Airbnb Rental Income: $528 Traditional Rental Income: $2741 Airbnb ROI: -0.89% Traditional ROI: 5.37%

Real Estate investment in Algona, IA

There are 29 properties for sale in the city of Algona . The median list price in Algona is $185,000 and the average price per square foot is $111. In February 2026, the average monthly cash on cash return in Algona is 9.00%. The average monthly rental income in Algona is $2,303.

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

There are 29 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 $2,303.

Your search for investment property begins and ends here

Investment Property for Sale in Algona, IA

324 W South Avenue

Algona, IA

5 beds | 3 baths | 2,390 sq.ft.

$315,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.31%

Airbnb Rental Income: $null

Traditional Rental Income: $2937

Airbnb ROI: N/A

Traditional ROI: 7.31%

508 N Church Street

Algona, IA

4 beds | 2 baths | 1,572 sq.ft.

$185,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.18%

Airbnb Rental Income: $null

Traditional Rental Income: $1563

Airbnb ROI: N/A

Traditional ROI: 6.18%

2317 E Spruce Street

Algona, IA

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

$199,000

Airbnb cash on cash: -1.59%

Traditional cash on cash: 9.9%

Airbnb Rental Income: $528

Traditional Rental Income: $2421

Airbnb ROI: -1.59%

Traditional ROI: 9.9%

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%

730 N Durant St

Algona, IA

3 beds | 1 baths | 1,008 sq.ft.

$139,000

Airbnb cash on cash: -1.04%

Traditional cash on cash: 9.79%

Airbnb Rental Income: $528

Traditional Rental Income: $1695

Airbnb ROI: -1.04%

Traditional ROI: 9.79%

1708 E Oak Street

Algona, IA

3 beds | 2 baths | 1,296 sq.ft.

$160,000

Airbnb cash on cash: -1.02%

Traditional cash on cash: 4.38%

Airbnb Rental Income: $528

Traditional Rental Income: $1077

Airbnb ROI: -1.02%

Traditional ROI: 4.38%

701 E Lucas Street

Algona, IA

3 beds | 1 baths | 1,744 sq.ft.

$109,000

Airbnb cash on cash: -0.68%

Traditional cash on cash: 7.09%

Airbnb Rental Income: $528

Traditional Rental Income: $1071

Airbnb ROI: -0.68%

Traditional ROI: 7.09%

602 N Hall Street

Algona, IA

3 beds | 2 baths | 1,613 sq.ft.

$158,900

Airbnb cash on cash: -1.24%

Traditional cash on cash: 10.1%

Airbnb Rental Income: $528

Traditional Rental Income: $1972

Airbnb ROI: -1.24%