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
2412 Spruce Street Algona, IA Welcome to the Hoover plan by Greenland Homes in beautiful Ironwood Estates! This 3-bedroo...	3 beds \| 2 baths \| 1,166 sq.ft.	$336,000	Airbnb cash on cash: -2.05% Traditional cash on cash: 4.23% Airbnb Rental Income: $528 Traditional Rental Income: $2235 Airbnb ROI: -2.05% Traditional ROI: 4.23%
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%
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%
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 Take a look at this corner lot property in a great neighborhood. The spacious main level o...	3 beds \| 1 baths \| 1,744 sq.ft.	$129,900	Airbnb cash on cash: -0.82% Traditional cash on cash: 5.74% Airbnb Rental Income: $528 Traditional Rental Income: $1071 Airbnb ROI: -0.82% Traditional ROI: 5.74%
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.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.67% Airbnb Rental Income: $null Traditional Rental Income: $2091 Airbnb ROI: N/A Traditional ROI: 8.67%
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.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.12% Airbnb Rental Income: $null Traditional Rental Income: $2327 Airbnb ROI: N/A Traditional ROI: 8.12%
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.	$180,000	Airbnb cash on cash: -1.25% Traditional cash on cash: 10.59% Airbnb Rental Income: $528 Traditional Rental Income: $2279 Airbnb ROI: -1.25% Traditional ROI: 10.59%
1221 E Linden Street Algona, IA Great curb appeal on the nice ranch home with a single detached garage. The home has great...	3 beds \| 2 baths \| 1,408 sq.ft.	$157,000	Airbnb cash on cash: -1.24% Traditional cash on cash: 10.02% Airbnb Rental Income: $528 Traditional Rental Income: $1940 Airbnb ROI: -1.24% Traditional ROI: 10.02%
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%
711 E Chubb Street Algona, IA Charming home with numerous updates inside and out, sitting on a nicely shaded lot just bl...	3 beds \| 3 baths \| 3,150 sq.ft.	$230,000	Airbnb cash on cash: -1.67% Traditional cash on cash: 10.75% Airbnb Rental Income: $528 Traditional Rental Income: $2954 Airbnb ROI: -1.67% Traditional ROI: 10.75%
1215 190Th Street Algona, IA Live your best life on the edge of town where city life meets rural serenity! Donât miss...	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.	$254,900	Airbnb cash on cash: -1.43% Traditional cash on cash: 9.1% Airbnb Rental Income: $528 Traditional Rental Income: $2785 Airbnb ROI: -1.43% Traditional ROI: 9.1%
120 W College Street Algona, IA Step into this beautifully updated 3 bedroom 2 bath home, where bold design meets everyday...	3 beds \| 2 baths \| 1,120 sq.ft.	$189,900	Airbnb cash on cash: -1.28% Traditional cash on cash: 11.51% Airbnb Rental Income: $528 Traditional Rental Income: $2559 Airbnb ROI: -1.28% Traditional ROI: 11.51%
908 N Wooster Street Algona, IA Discover the versatility of tri-level living in this updated 3 bedroom, 1 Â¾ 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%
809 E Call St Algona, IA Charming 2-Bedroom Home This well-maintained home offers a spacious layout with a large ea...	2 beds \| 1 baths \| 960 sq.ft.	$117,500	Airbnb cash on cash: N/A Traditional cash on cash: 10.92% Airbnb Rental Income: $null Traditional Rental Income: $1552 Airbnb ROI: N/A Traditional ROI: 10.92%
720 N Thorington St Algona, IA Stunning Home on Historic Thorington Street â Classic Charm Meets Modern Luxury! Complet...	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%
703 N Thorington Algona, IA Step into timeless charm and craftsmanship in this beautifully maintained Craftsman bungal...	3 beds \| 2 baths \| 1,876 sq.ft.	$449,000	Airbnb cash on cash: -1.1% Traditional cash on cash: 4.59% Airbnb Rental Income: $528 Traditional Rental Income: $2644 Airbnb ROI: -1.1% Traditional ROI: 4.59%
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.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.68% Airbnb Rental Income: $null Traditional Rental Income: $1892 Airbnb ROI: N/A Traditional ROI: 8.68%
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%
2320 Eastland Drive Algona, IA Beautiful ranch-style home on a spacious lot on Algonaâs east side, this newer build (co...	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%
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%
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%
2305 Highway 18 E Algona, IA Discover the perfect balance of modern comfort and peaceful privacy in your own backyard o...	3 beds \| 2 baths \| 2,292 sq.ft.	$245,000	Airbnb cash on cash: -1.53% Traditional cash on cash: 9.15% Airbnb Rental Income: $528 Traditional Rental Income: $2724 Airbnb ROI: -1.53% Traditional ROI: 9.15%
1007 N Minnesota Street Algona, IA Beautiful home inside and out! Take a look at this property that has had many wonderful up...	4 beds \| 2 baths \| 1,632 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.04% Airbnb Rental Income: $null Traditional Rental Income: $2569 Airbnb ROI: N/A Traditional ROI: 9.04%
203 Hillside Drive Algona, IA Beautiful home located on 1.47 acres of wooded area. On the main level is a very nice kitc...	4 beds \| 3 baths \| 2,355 sq.ft.	$525,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.84% Airbnb Rental Income: $null Traditional Rental Income: $2889 Airbnb ROI: N/A Traditional ROI: 3.84%
1309 N Country Club Road Algona, IA Welcome to your new home with flowing spaces and endless possibilities! For those who lov...	3 beds \| 3 baths \| 2,088 sq.ft.	$399,000	Airbnb cash on cash: -2.15% Traditional cash on cash: 4.55% Airbnb Rental Income: $528 Traditional Rental Income: $2757 Airbnb ROI: -2.15% Traditional ROI: 4.55%
109 Sunset Drive Algona, IA Very nice home located at the Algona Country Club. On the main level is a nice eat in kitc...	3 beds \| 3 baths \| 1,986 sq.ft.	$450,000	Airbnb cash on cash: -1.27% Traditional cash on cash: 4.83% Airbnb Rental Income: $528 Traditional Rental Income: $2823 Airbnb ROI: -1.27% Traditional ROI: 4.83%

Real Estate investment in Algona, IA

There are 37 properties for sale in the city of Algona . The median list price in Algona is $195,000 and the average price per square foot is $111. In December 2025, the average monthly cash on cash return in Algona is 9.00%. The average monthly rental income in Algona is $2,362.

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

There are 37 investment properties available for sale in Algona.

In 2025, 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 $2,362.

Your search for investment property begins and ends here

Investment Property for Sale in Algona, IA

2412 Spruce Street

Algona, IA

3 beds | 2 baths | 1,166 sq.ft.

$336,000

Airbnb cash on cash: -2.05%

Traditional cash on cash: 4.23%

Airbnb Rental Income: $528

Traditional Rental Income: $2235

Airbnb ROI: -2.05%

Traditional ROI: 4.23%

200 S Mccoy Street

Algona, IA

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%

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%

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.

$129,900

Airbnb cash on cash: -0.82%

Traditional cash on cash: 5.74%

Airbnb Rental Income: $528

Traditional Rental Income: $1071

Airbnb ROI: -0.82%

Traditional ROI: 5.74%

215 E McGregor Street #5

Algona, IA

2 beds | 2 baths | 1,498 sq.ft.

$195,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.67%

Airbnb Rental Income: $null

Traditional Rental Income: $2091

Airbnb ROI: N/A