Real Estate Investment Properties for Sale in Ames, IA

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

Explore a variety of short-term homes & houses in Ames, IA. Invest wisely with VRBO & Ames, 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 Ames, IA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
3811 Columbine Avenue Ames, IA Quiet neighborhood in Gilbert School District. 3 Bedrooms 2.5 Baths. Kitchen with granit...	3 beds \| 3 baths \| 1,492 sq.ft.	$285,000	Airbnb cash on cash: 1.83% Traditional cash on cash: -0.11% Airbnb Rental Income: $1728 Traditional Rental Income: $731 Airbnb ROI: 1.83% Traditional ROI: -0.11%
5608 Allerton Drive Ames, IA Stylish. Spacious. Simply Stunning!Welcome home to this exceptional two-story beauty that ...	3 beds \| 3 baths \| 1,825 sq.ft.	$459,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 3.89% Airbnb Rental Income: $1728 Traditional Rental Income: $2765 Airbnb ROI: 0.36% Traditional ROI: 3.89%
316 Topaz Court Ames, IA Set on a cul-de-sac in South Ames, 316 Topaz Court balances a sense of retreat with everyd...	4 beds \| 4 baths \| 2,491 sq.ft.	$468,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 4.27% Airbnb Rental Income: $2794 Traditional Rental Income: $3051 Airbnb ROI: 2.19% Traditional ROI: 4.27%
5421 Rowling Drive Ames, IA Welcome to West Ames!! This beautiful two story home offers 4 bedrooms, 4 bathrooms, 2 car...	4 beds \| 3 baths \| 1,802 sq.ft.	$380,000	Airbnb cash on cash: 3.34% Traditional cash on cash: 4.57% Airbnb Rental Income: $2794 Traditional Rental Income: $2580 Airbnb ROI: 3.34% Traditional ROI: 4.57%
3109 Story Street Ames, IA Charming 2-bedroom, 1-bath home located close to the Iowa State University campus. This pr...	2 beds \| 1 baths \| 930 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.05% Airbnb Rental Income: $null Traditional Rental Income: $1712 Airbnb ROI: N/A Traditional ROI: 6.05%
1416 Big Bluestem Court #206 Ames, IA This beautifully updated 2-bedroom, 2-bath condo offers one-level living in a prime Ames l...	2 beds \| 2 baths \| 1,125 sq.ft.	$214,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.26% Airbnb Rental Income: $null Traditional Rental Income: $1994 Airbnb ROI: N/A Traditional ROI: 6.26%
4503 Twain Circle #101 Ames, IA Welcome to a home where comfort meets convenience! This updated main-floor condo on the we...	1 beds \| 1 baths \| 747 sq.ft.	$145,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 7.65% Airbnb Rental Income: $905 Traditional Rental Income: $1594 Airbnb ROI: 0.24% Traditional ROI: 7.65%
4714 Todd Drive Ames, IA Welcome to this spacious 3-bedroom, 2.5-bathroom townhouse that blends comfort, convenienc...	3 beds \| 3 baths \| 1,314 sq.ft.	$214,900	Airbnb cash on cash: 2.39% Traditional cash on cash: 7.03% Airbnb Rental Income: $1728 Traditional Rental Income: $2194 Airbnb ROI: 2.39% Traditional ROI: 7.03%
3212 Magnolia Circle Ames, IA Welcome to this unique two-story home nestled in the beautiful Northridge neighborhood of ...	3 beds \| 4 baths \| 4,252 sq.ft.	$524,900	Airbnb cash on cash: -0.23% Traditional cash on cash: 3.77% Airbnb Rental Income: $1728 Traditional Rental Income: $3215 Airbnb ROI: -0.23% Traditional ROI: 3.77%
2403 Clayton Drive Ames, IA This impeccably maintained home is truly move-in ready, featuring $56,000 worth of Renewal...	4 beds \| 4 baths \| 2,012 sq.ft.	$457,500	Airbnb cash on cash: 2.5% Traditional cash on cash: 4.18% Airbnb Rental Income: $2794 Traditional Rental Income: $2862 Airbnb ROI: 2.5% Traditional ROI: 4.18%
715 Grand Avenue Ames, IA Welcome to your new fully renovated home! This beautifully updated home blends classic cha...	3 beds \| 3 baths \| 1,783 sq.ft.	$334,900	Airbnb cash on cash: 1.67% Traditional cash on cash: 5.44% Airbnb Rental Income: $1728 Traditional Rental Income: $2437 Airbnb ROI: 1.67% Traditional ROI: 5.44%
2200 Hamilton Drive #610 Ames, IA	1 beds \| 1 baths \| 644 sq.ft.	$107,500	Airbnb cash on cash: -18.94% Traditional cash on cash: -11.48% Airbnb Rental Income: $905 Traditional Rental Income: $1342 Airbnb ROI: -18.94% Traditional ROI: -11.48%
1310 20th Street Ames, IA Welcome to this stunning Ames split-level! This 4-bedroom, 3-bathroom property offers a co...	4 beds \| 3 baths \| 1,302 sq.ft.	$292,500	Airbnb cash on cash: 5.73% Traditional cash on cash: 6.64% Airbnb Rental Income: $2794 Traditional Rental Income: $2390 Airbnb ROI: 5.73% Traditional ROI: 6.64%
806 Vermont Circle Ames, IA So much square footage for the price, with well over 3,200 finished square feet! This size...	4 beds \| 4 baths \| 2,680 sq.ft.	$380,000	Airbnb cash on cash: 3.37% Traditional cash on cash: 6.44% Airbnb Rental Income: $2794 Traditional Rental Income: $3235 Airbnb ROI: 3.37% Traditional ROI: 6.44%
1527 Meadowlane Avenue Ames, IA This inviting home offers the perfect balance of comfort and convenience, featuring 4 spac...	4 beds \| 2 baths \| 1,159 sq.ft.	$260,000	Airbnb cash on cash: 6.16% Traditional cash on cash: 6.26% Airbnb Rental Income: $2794 Traditional Rental Income: $2164 Airbnb ROI: 6.16% Traditional ROI: 6.26%
2425 Dalton Circle Ames, IA Welcome to your dream home in North Ames! This stunning home is packed with luxurious upgr...	4 beds \| 3 baths \| 1,905 sq.ft.	$528,500	Airbnb cash on cash: 2.02% Traditional cash on cash: 3.12% Airbnb Rental Income: $2794 Traditional Rental Income: $2684 Airbnb ROI: 2.02% Traditional ROI: 3.12%
839 Poe Avenue Ames, IA Tucked away in the heart of West Ames and just moments from Edwards Elementary, this beaut...	3 beds \| 4 baths \| 1,742 sq.ft.	$369,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 4.32% Airbnb Rental Income: $1728 Traditional Rental Income: $2347 Airbnb ROI: 1.16% Traditional ROI: 4.32%
3120 Cottontail Lane Ames, IA Welcome to this beautifully maintained Tasteful Home in the highly sought-after Ringgenber...	4 beds \| 3 baths \| 1,460 sq.ft.	$499,900	Airbnb cash on cash: 2.05% Traditional cash on cash: 2.05% Airbnb Rental Income: $2794 Traditional Rental Income: $2138 Airbnb ROI: 2.05% Traditional ROI: 2.05%
5327 Norris Street Ames, IA Welcome to your next chapter on the coveted Author Streets!This home perfectly blends comf...	4 beds \| 3 baths \| 1,410 sq.ft.	$395,000	Airbnb cash on cash: 3.49% Traditional cash on cash: 3.55% Airbnb Rental Income: $2794 Traditional Rental Income: $2165 Airbnb ROI: 3.49% Traditional ROI: 3.55%
50061 Prairie Point Court Ames, IA Enjoy this beautiful new build by Willis Custom Homes. Plenty of room for everyone with th...	5 beds \| 4 baths \| 2,548 sq.ft.	$868,000	Airbnb cash on cash: -1.07% Traditional cash on cash: 1.61% Airbnb Rental Income: $1859 Traditional Rental Income: $3531 Airbnb ROI: -1.07% Traditional ROI: 1.61%
2111 Ketelsen Drive Ames, IA NO STEPS zero entry with space for the whole family, this home has everything you need to ...	4 beds \| 3 baths \| 1,646 sq.ft.	$685,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 1.33% Airbnb Rental Income: $2794 Traditional Rental Income: $2612 Airbnb ROI: 0.59% Traditional ROI: 1.33%
121 Cherry Avenue Ames, IA Discover the charm of country living in this beautifully refreshed 1-bedroom, 1-bath home....	1 beds \| 1 baths \| 528 sq.ft.	$99,999	Airbnb cash on cash: 2.73% Traditional cash on cash: 5.56% Airbnb Rental Income: $905 Traditional Rental Income: $840 Airbnb ROI: 2.73% Traditional ROI: 5.56%
1219 Wisconsin Avenue Ames, IA This is a huge two-story home with 2 primary suites and two laundry areas! The main floor...	5 beds \| 4 baths \| 2,796 sq.ft.	$379,900	Airbnb cash on cash: 1.13% Traditional cash on cash: 7.81% Airbnb Rental Income: $1859 Traditional Rental Income: $3743 Airbnb ROI: 1.13% Traditional ROI: 7.81%
2308 Suncrest Drive Ames, IA Welcome to this stunning ranch-style home in South Ames, nestled on a spacious 0.35-acre l...	4 beds \| 3 baths \| 1,629 sq.ft.	$474,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 2.75% Airbnb Rental Income: $2794 Traditional Rental Income: $2381 Airbnb ROI: 2.21% Traditional ROI: 2.75%
5524 N Dakota Avenue Ames, IA Set on a spacious 0.64-acre, wooded lot just minutes from Ames, yet in the highly regarded...	4 beds \| 2 baths \| 1,056 sq.ft.	$380,000	Airbnb cash on cash: 3.8% Traditional cash on cash: 3.77% Airbnb Rental Income: $2794 Traditional Rental Income: $2129 Airbnb ROI: 3.8% Traditional ROI: 3.77%
5453 Rowling Drive Ames, IA Stylish, spacious, and full of extras -- this 1-level stunner is more than just a home... ...	3 beds \| 2 baths \| 1,477 sq.ft.	$445,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 3.31% Airbnb Rental Income: $1728 Traditional Rental Income: $2320 Airbnb ROI: 0.74% Traditional ROI: 3.31%
1301 Florida Ames, IA This property is listed at $430,000 and can be purchased by itself or purchased with 3 oth...	5 beds \| 5 baths \| 3,279 sq.ft.	$430,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 10.06% Airbnb Rental Income: $1859 Traditional Rental Income: $5266 Airbnb ROI: 0.36% Traditional ROI: 10.06%
1307 Florida Ames, IA 4 properties sold together all adjacent to each other of 1301 Florida Ave. single family &...	N/A beds \| N/A baths \| 2,196 sq.ft.	$1,500,000	Airbnb cash on cash: -0.46% Traditional cash on cash: -0.49% Airbnb Rental Income: $1859 Traditional Rental Income: $1321 Airbnb ROI: -0.46% Traditional ROI: -0.49%
4713 Ontario Street Ames, IA 4 properties sold together all adjacent to each other of 1301 Florida Ave. single family &...	N/A beds \| N/A baths \| 1,152 sq.ft.	$1,500,000	Airbnb cash on cash: -0.33% Traditional cash on cash: -0.3% Airbnb Rental Income: $1859 Traditional Rental Income: $1412 Airbnb ROI: -0.33% Traditional ROI: -0.3%
4716 Hutchison Street Ames, IA 4 properties sold together all adjacent to each other of 1301 Florida Ave. single family &...	N/A beds \| N/A baths \| N/A	$1,500,000	Airbnb cash on cash: -0.34% Traditional cash on cash: -0.38% Airbnb Rental Income: $1859 Traditional Rental Income: $1314 Airbnb ROI: -0.34% Traditional ROI: -0.38%
625 Fremont Avenue Ames, IA Welcome to this stunning new construction home by Gladiator Homes, featuring the popular G...	3 beds \| 2 baths \| 1,387 sq.ft.	$404,500	Airbnb cash on cash: 0.47% Traditional cash on cash: 3.8% Airbnb Rental Income: $1728 Traditional Rental Income: $2516 Airbnb ROI: 0.47% Traditional ROI: 3.8%
5825 Westfield Drive Ames, IA Stunning New Construction by Gladiator Homes - Sabre-2 Floor Plan!This beautifully designe...	4 beds \| 3 baths \| 1,331 sq.ft.	$452,000	Airbnb cash on cash: 2.25% Traditional cash on cash: 3.29% Airbnb Rental Income: $2794 Traditional Rental Income: $2578 Airbnb ROI: 2.25% Traditional ROI: 3.29%
2508 Cottonwood Road Ames, IA Stunning Executive Ranch Home in Ideal South Ames Location!!! Welcome to this beautifully ...	4 beds \| 4 baths \| 2,707 sq.ft.	$799,900	Airbnb cash on cash: 0.25% Traditional cash on cash: 1.87% Airbnb Rental Income: $2794 Traditional Rental Income: $3342 Airbnb ROI: 0.25% Traditional ROI: 1.87%
3032 Stockbury Street Ames, IA This beautifully crafted home, custom built by renowned local builder, Tasteful Homes, of...	4 beds \| 4 baths \| 3,044 sq.ft.	$735,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 2.94% Airbnb Rental Income: $2794 Traditional Rental Income: $3659 Airbnb ROI: 0.73% Traditional ROI: 2.94%
3223 West Street Ames, IA Looking for an amazing and unique home in Ames, that isn't cookie cutter? Then this home i...	5 beds \| 2 baths \| 2,162 sq.ft.	$315,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 5.79% Airbnb Rental Income: $1859 Traditional Rental Income: $2557 Airbnb ROI: 1.76% Traditional ROI: 5.79%
1636 Johnson Street Ames, IA Welcome to this charming 2-story home nestled in the sought-after Parkview Heights neighbo...	4 beds \| 4 baths \| 2,090 sq.ft.	$315,000	Airbnb cash on cash: 4.01% Traditional cash on cash: 6.87% Airbnb Rental Income: $2794 Traditional Rental Income: $2985 Airbnb ROI: 4.01% Traditional ROI: 6.87%
3654 Story Street Ames, IA Great property to call home or for your next investment property in west Ames. This home o...	5 beds \| 2 baths \| 1,170 sq.ft.	$270,000	Airbnb cash on cash: 2.92% Traditional cash on cash: 6.13% Airbnb Rental Income: $1859 Traditional Rental Income: $2179 Airbnb ROI: 2.92% Traditional ROI: 6.13%
2123 Ketelsen Drive Ames, IA Welcome to this beautifully crafted home in the desirable Quarry Estates neighborhood. Enj...	4 beds \| 3 baths \| 1,572 sq.ft.	$589,000	Airbnb cash on cash: 2.66% Traditional cash on cash: 3.48% Airbnb Rental Income: $2794 Traditional Rental Income: $2593 Airbnb ROI: 2.66% Traditional ROI: 3.48%
3919 Burr Oak Lane Ames, IA Tucked into a private NW subdivision, this contemporary modern home offers peaceful living...	3 beds \| 3 baths \| 2,212 sq.ft.	$425,000	Airbnb cash on cash: 0.63% Traditional cash on cash: 4.42% Airbnb Rental Income: $1728 Traditional Rental Income: $2762 Airbnb ROI: 0.63% Traditional ROI: 4.42%
3814 Brookdale Avenue Ames, IA This great 2-story home is nestled in a North Ames neighborhood just off of Bloomington Rd...	4 beds \| 3 baths \| 1,481 sq.ft.	$332,900	Airbnb cash on cash: 4.17% Traditional cash on cash: 4.99% Airbnb Rental Income: $2794 Traditional Rental Income: $2396 Airbnb ROI: 4.17% Traditional ROI: 4.99%

Real Estate investment in Ames, IA

There are 84 properties for sale in the city of Ames . The median list price in Ames is $410,000 and the average price per square foot is $208. In October 2025, the average monthly cash on cash return in Ames is 4.00%. The average monthly rental income in Ames is $2,512.

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

There are 84 investment properties available for sale in Ames.

In 2025, the best neighborhood to buy investment property is Bloomington Heights.

The ROI for Long-Term is higher than the Short-Term in Ames with average rental income of $2,512.

Your search for investment property begins and ends here

Investment Property for Sale in Ames, IA

3811 Columbine Avenue

Ames, IA

3 beds | 3 baths | 1,492 sq.ft.

$285,000

Airbnb cash on cash: 1.83%

Traditional cash on cash: -0.11%

Airbnb Rental Income: $1728

Traditional Rental Income: $731

Airbnb ROI: 1.83%

Traditional ROI: -0.11%

5608 Allerton Drive

Ames, IA

3 beds | 3 baths | 1,825 sq.ft.

$459,000

Airbnb cash on cash: 0.36%

Traditional cash on cash: 3.89%

Airbnb Rental Income: $1728

Traditional Rental Income: $2765

Airbnb ROI: 0.36%

Traditional ROI: 3.89%

316 Topaz Court

Ames, IA

4 beds | 4 baths | 2,491 sq.ft.

$468,000

Airbnb cash on cash: 2.19%

Traditional cash on cash: 4.27%

Airbnb Rental Income: $2794

Traditional Rental Income: $3051

Airbnb ROI: 2.19%

Traditional ROI: 4.27%

5421 Rowling Drive

Ames, IA

4 beds | 3 baths | 1,802 sq.ft.

$380,000

Airbnb cash on cash: 3.34%

Traditional cash on cash: 4.57%

Airbnb Rental Income: $2794

Traditional Rental Income: $2580

Airbnb ROI: 3.34%

Traditional ROI: 4.57%

3109 Story Street

Ames, IA

2 beds | 1 baths | 930 sq.ft.

$215,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.05%

Airbnb Rental Income: $null

Traditional Rental Income: $1712

Airbnb ROI: N/A

Traditional ROI: 6.05%

1416 Big Bluestem Court #206

Ames, IA

2 beds | 2 baths | 1,125 sq.ft.

$214,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.26%

Airbnb Rental Income: $null

Traditional Rental Income: $1994

Airbnb ROI: N/A

Traditional ROI: 6.26%

4503 Twain Circle #101

Ames, IA

1 beds | 1 baths | 747 sq.ft.

$145,000

Airbnb cash on cash: 0.24%

Traditional cash on cash: 7.65%

Airbnb Rental Income: $905

Traditional Rental Income: $1594

Airbnb ROI: 0.24%

Traditional ROI: 7.65%

4714 Todd Drive

Ames, IA

3 beds | 3 baths | 1,314 sq.ft.

$214,900

Airbnb cash on cash: 2.39%

Traditional cash on cash: 7.03%

Airbnb Rental Income: $1728

Traditional Rental Income: $2194

Airbnb ROI: 2.39%