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
2313 E Spruce Street Algona, IA Charming and move-in ready 2-bedroom, 2-bath ranch on the east side of Algona. Enjoy the c...	2 beds \| 2 baths \| 1,508 sq.ft.	$147,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.19% Airbnb Rental Income: $null Traditional Rental Income: $1033 Airbnb ROI: N/A Traditional ROI: 4.19%
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%
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: -1.63% Traditional cash on cash: 10.58% Airbnb Rental Income: $528 Traditional Rental Income: $2421 Airbnb ROI: -1.63% Traditional ROI: 10.58%
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%
1420 E Lucas Street Algona, IA Very nice updates on this 1 story home. The main level has a beautiful kitchen with granit...	3 beds \| 3 baths \| 1,344 sq.ft.	$259,900	Airbnb cash on cash: -1.75% Traditional cash on cash: 2.28% Airbnb Rental Income: $528 Traditional Rental Income: $1239 Airbnb ROI: -1.75% Traditional ROI: 2.28%
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.	$450,000	Airbnb cash on cash: -1.7% Traditional cash on cash: 3.89% Airbnb Rental Income: $528 Traditional Rental Income: $2606 Airbnb ROI: -1.7% Traditional ROI: 3.89%
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%
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.	$469,000	Airbnb cash on cash: -0.98% Traditional cash on cash: 3.96% Airbnb Rental Income: $528 Traditional Rental Income: $2420 Airbnb ROI: -0.98% Traditional ROI: 3.96%
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%
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.	$210,000	Airbnb cash on cash: -1.52% Traditional cash on cash: 11.21% Airbnb Rental Income: $528 Traditional Rental Income: $2785 Airbnb ROI: -1.52% Traditional ROI: 11.21%
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.	$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.	$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%
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: -1.11% Traditional cash on cash: 5.29% Airbnb Rental Income: $528 Traditional Rental Income: $2644 Airbnb ROI: -1.11% 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: -1.11% Traditional cash on cash: 10.71% Airbnb Rental Income: $528 Traditional Rental Income: $2000 Airbnb ROI: -1.11% Traditional ROI: 10.71%
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.	$299,900	Airbnb cash on cash: -1.18% Traditional cash on cash: 4.96% Airbnb Rental Income: $528 Traditional Rental Income: $1983 Airbnb ROI: -1.18% Traditional ROI: 4.96%
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: -1.77% Traditional cash on cash: 10.8% Airbnb Rental Income: $528 Traditional Rental Income: $2288 Airbnb ROI: -1.77% Traditional ROI: 10.8%
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: -1.31% Traditional cash on cash: 3.54% Airbnb Rental Income: $528 Traditional Rental Income: $1239 Airbnb ROI: -1.31% Traditional ROI: 3.54%
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.	$425,000	Airbnb cash on cash: -2.16% Traditional cash on cash: 0.32% Airbnb Rental Income: $528 Traditional Rental Income: $1239 Airbnb ROI: -2.16% Traditional ROI: 0.32%
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: -1.7% Traditional cash on cash: 1.08% Airbnb Rental Income: $528 Traditional Rental Income: $1239 Airbnb ROI: -1.7% Traditional ROI: 1.08%
213 N Clarke Street Algona, IA This nice ranch home is located on the east side of town. On the main level is the kitchen...	2 beds \| 3 baths \| 1,260 sq.ft.	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.24% Airbnb Rental Income: $null Traditional Rental Income: $1033 Airbnb ROI: N/A Traditional ROI: 2.24%
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.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.91% Airbnb Rental Income: $null Traditional Rental Income: $1033 Airbnb ROI: N/A Traditional ROI: 2.91%
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: 0.98% Airbnb Rental Income: $528 Traditional Rental Income: $1239 Airbnb ROI: -2.06% Traditional ROI: 0.98%
2011 E Lucas Algona, IA Spacious and well-designed, this 4-bedroom home offers comfortable main-level living with ...	4 beds \| 2 baths \| 1,296 sq.ft.	$269,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.9% Airbnb Rental Income: $null Traditional Rental Income: $1370 Airbnb ROI: N/A Traditional ROI: 2.9%
416 E North Street Algona, IA Looking for a nice home with a large 3 stall garage in Algona? Look no further. Walk in an...	4 beds \| 1 baths \| 1,698 sq.ft.	$120,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.96% Airbnb Rental Income: $null Traditional Rental Income: $1370 Airbnb ROI: N/A Traditional ROI: 8.96%

Real Estate investment in Algona, IA

There are 38 properties for sale in the city of Algona . The median list price in Algona is $199,900 and the average price per square foot is $117. In March 2026, the average monthly cash on cash return in Algona is 8.00%. The average monthly rental income in Algona is $2,091.

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

There are 38 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 $2,091.

Your search for investment property begins and ends here

Investment Property for Sale in Algona, IA

2313 E Spruce Street

Algona, IA

2 beds | 2 baths | 1,508 sq.ft.

$147,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.19%

Airbnb Rental Income: $null

Traditional Rental Income: $1033

Airbnb ROI: N/A

Traditional ROI: 4.19%

324 W South Avenue

Algona, IA

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

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%

2317 E Spruce Street

Algona, IA

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

$187,000

Airbnb cash on cash: -1.63%

Traditional cash on cash: 10.58%

Airbnb Rental Income: $528

Traditional Rental Income: $2421

Airbnb ROI: -1.63%

Traditional ROI: 10.58%

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%

1420 E Lucas Street

Algona, IA

3 beds | 3 baths | 1,344 sq.ft.

$259,900

Airbnb cash on cash: -1.75%

Traditional cash on cash: 2.28%

Airbnb Rental Income: $528

Traditional Rental Income: $1239

Airbnb ROI: -1.75%

Traditional ROI: 2.28%

716 N Park Avenue

Algona, IA

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

$450,000

Airbnb cash on cash: -1.7%

Traditional cash on cash: 3.89%

Airbnb Rental Income: $528

Traditional Rental Income: $2606

Airbnb ROI: -1.7%

Traditional ROI: 3.89%

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%