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
5608 Allerton Drive Ames, IA Welcome home to this exceptional two-story beauty that blends comfort, character, and thou...	3 beds \| 3 baths \| 1,825 sq.ft.	$449,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 4% Airbnb Rental Income: $1720 Traditional Rental Income: $2765 Airbnb ROI: 0.38% Traditional ROI: 4%
814 Wilson Avenue Ames, IA Brand-new construction in the heart of Ames! This spacious home features 4 bedrooms and 3 ...	4 beds \| 3 baths \| 1,296 sq.ft.	$379,900	Airbnb cash on cash: 4.09% Traditional cash on cash: 5.21% Airbnb Rental Income: $2559 Traditional Rental Income: $2346 Airbnb ROI: 4.09% Traditional ROI: 5.21%
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.	$369,500	Airbnb cash on cash: 2.89% Traditional cash on cash: 4.73% Airbnb Rental Income: $2559 Traditional Rental Income: $2580 Airbnb ROI: 2.89% Traditional ROI: 4.73%
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: 2.55% Traditional cash on cash: 6.05% Airbnb Rental Income: $1427 Traditional Rental Income: $1712 Airbnb ROI: 2.55% Traditional ROI: 6.05%
809 Wilson Avenue Ames, IA Welcome home to this charming bungalow in the heart of Ames! This 3 bedroom, 1 bath home o...	3 beds \| 1 baths \| 1,178 sq.ft.	$219,000	Airbnb cash on cash: 3.58% Traditional cash on cash: 6.84% Airbnb Rental Income: $1720 Traditional Rental Income: $1921 Airbnb ROI: 3.58% Traditional ROI: 6.84%
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.	$319,900	Airbnb cash on cash: 1.77% Traditional cash on cash: 5.73% Airbnb Rental Income: $1720 Traditional Rental Income: $2437 Airbnb ROI: 1.77% Traditional ROI: 5.73%
226 N Russell Avenue Ames, IA Just a short walk to Hilton Coliseum & Jack Trice Stadium, 8-minute walk to the indoor aqu...	3 beds \| 3 baths \| 1,987 sq.ft.	$329,000	Airbnb cash on cash: 1.46% Traditional cash on cash: 6.46% Airbnb Rental Income: $1720 Traditional Rental Income: $2791 Airbnb ROI: 1.46% Traditional ROI: 6.46%
2200 Hamilton Drive #610 Ames, IA	1 beds \| 1 baths \| 644 sq.ft.	$103,900	Airbnb cash on cash: -18.39% Traditional cash on cash: -11.83% Airbnb Rental Income: $1043 Traditional Rental Income: $1342 Airbnb ROI: -18.39% Traditional ROI: -11.83%
806 Vermont Circle Ames, IA So much square footage for the price! This size/price combo is hard to come by with one of...	4 beds \| 4 baths \| 2,099 sq.ft.	$369,000	Airbnb cash on cash: 2.93% Traditional cash on cash: 6.66% Airbnb Rental Income: $2559 Traditional Rental Income: $3235 Airbnb ROI: 2.93% Traditional ROI: 6.66%
633 Meadow Place Ames, IA Welcome home to this beautifully maintained 3-bed, 2-bath split-level townhome in Ames! Wi...	3 beds \| 2 baths \| 630 sq.ft.	$155,000	Airbnb cash on cash: 4.47% Traditional cash on cash: 7.57% Airbnb Rental Income: $1720 Traditional Rental Income: $1704 Airbnb ROI: 4.47% Traditional ROI: 7.57%
5301 Valley Road Ames, IA Located just minutes from all the city of Ames and within the Gilbert school district, thi...	3 beds \| 3 baths \| 1,791 sq.ft.	$323,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 4.47% Airbnb Rental Income: $1720 Traditional Rental Income: $2501 Airbnb ROI: 0.33% Traditional ROI: 4.47%
2934 Green Hills Drive Ames, IA Come and take a look at this wonderful single family home with beautifully finished spaces...	3 beds \| 3 baths \| 2,616 sq.ft.	$679,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 1.06% Airbnb Rental Income: $1720 Traditional Rental Income: $2526 Airbnb ROI: -0.96% Traditional ROI: 1.06%
839 Poe Avenue Ames, IA Located in desirable West Ames, this 3-bedroom, 3.5-bath home offers comfortable living wi...	3 beds \| 4 baths \| 1,797 sq.ft.	$360,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 4.43% Airbnb Rental Income: $1720 Traditional Rental Income: $2347 Airbnb ROI: 1.17% Traditional ROI: 4.43%
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.	$474,900	Airbnb cash on cash: 1.77% Traditional cash on cash: 2.2% Airbnb Rental Income: $2559 Traditional Rental Income: $2138 Airbnb ROI: 1.77% Traditional ROI: 2.2%
3120 Roxboro Drive Ames, IA Explore this pristine, ready-to-move-in residence boasting 4161 square feet of finished sp...	5 beds \| 4 baths \| 2,605 sq.ft.	$558,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 3.73% Airbnb Rental Income: $2370 Traditional Rental Income: $3432 Airbnb ROI: 0.57% Traditional ROI: 3.73%
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: 3.25% Traditional cash on cash: 3.77% Airbnb Rental Income: $2559 Traditional Rental Income: $2129 Airbnb ROI: 3.25% 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.	$430,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 3.43% Airbnb Rental Income: $1720 Traditional Rental Income: $2320 Airbnb ROI: 0.76% Traditional ROI: 3.43%
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.	$395,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 3.95% Airbnb Rental Income: $1720 Traditional Rental Income: $2516 Airbnb ROI: 0.52% Traditional ROI: 3.95%
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: 4.59% Traditional cash on cash: 6.13% Airbnb Rental Income: $2370 Traditional Rental Income: $2179 Airbnb ROI: 4.59% 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: 2.3% Traditional cash on cash: 3.48% Airbnb Rental Income: $2559 Traditional Rental Income: $2593 Airbnb ROI: 2.3% Traditional ROI: 3.48%
3814 Brookdale Avenue Ames, IA Updated with fresh interior paint and brand-new carpet throughout, this home is move-in re...	4 beds \| 3 baths \| 1,481 sq.ft.	$329,900	Airbnb cash on cash: 3.59% Traditional cash on cash: 5.04% Airbnb Rental Income: $2559 Traditional Rental Income: $2396 Airbnb ROI: 3.59% Traditional ROI: 5.04%
1308 Idaho Avenue Ames, IA Great opportunity for investment or house hacking! Side by side duplex with each side cons...	4 beds \| 2 baths \| 1,914 sq.ft.	$285,000	Airbnb cash on cash: 4.63% Traditional cash on cash: 6.03% Airbnb Rental Income: $2559 Traditional Rental Income: $2320 Airbnb ROI: 4.63% Traditional ROI: 6.03%
1914 Ada Hayden Road Ames, IA This Caliber Homes 5 bedroom 3 bathroom ranch in Quarry Estates offers the perfect blend o...	5 beds \| 3 baths \| 1,750 sq.ft.	$754,500	Airbnb cash on cash: -0.2% Traditional cash on cash: 1.13% Airbnb Rental Income: $2370 Traditional Rental Income: $2720 Airbnb ROI: -0.2% Traditional ROI: 1.13%
1920 Ada Hayden Road Ames, IA Nestled in Quarry Estates, this charmer by Caliber Homes comes complete with nearly 2,500 ...	4 beds \| 3 baths \| 1,475 sq.ft.	$684,500	Airbnb cash on cash: 0.29% Traditional cash on cash: 1.38% Airbnb Rental Income: $2559 Traditional Rental Income: $2642 Airbnb ROI: 0.29% Traditional ROI: 1.38%
3124 Greenwood Road Ames, IA Move-In Ready Home in Highly Desirable Northridge - Welcome to a home that blends comfort,...	5 beds \| 4 baths \| 2,756 sq.ft.	$569,900	Airbnb cash on cash: 0.91% Traditional cash on cash: 3.84% Airbnb Rental Income: $2370 Traditional Rental Income: $3350 Airbnb ROI: 0.91% Traditional ROI: 3.84%
4882 Copperstone Drive Ames, IA Nestled atop a hill on a 4 acre of private, wooded lot in Copper Cove, 4882 Copperstone Dr...	5 beds \| 4 baths \| 3,936 sq.ft.	$1,175,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 1.29% Airbnb Rental Income: $2370 Traditional Rental Income: $4028 Airbnb ROI: -0.76% Traditional ROI: 1.29%
2005 N Dakota Avenue Ames, IA Tucked into the historic Franklin Township, this two story home provides acreage style cha...	4 beds \| 2 baths \| 3,010 sq.ft.	$389,000	Airbnb cash on cash: 2.94% Traditional cash on cash: 5.13% Airbnb Rental Income: $2559 Traditional Rental Income: $2742 Airbnb ROI: 2.94% Traditional ROI: 5.13%
3500 Grand Avenue Ames, IA Incredible investment opportunity in Ames, Iowa, a thriving college town with strong renta...	65 beds \| 43 baths \| 13,090 sq.ft.	$2,999,995	Airbnb cash on cash: -1.51% Traditional cash on cash: -0.05% Airbnb Rental Income: $2370 Traditional Rental Income: $5848 Airbnb ROI: -1.51% Traditional ROI: -0.05%
822 7th Street Ames, IA 1916 character meets thoughtful modern updates in this beautifully renovated historic home...	3 beds \| 2 baths \| 1,660 sq.ft.	$335,000	Airbnb cash on cash: 1.58% Traditional cash on cash: 4.8% Airbnb Rental Income: $1720 Traditional Rental Income: $2258 Airbnb ROI: 1.58% Traditional ROI: 4.8%
2112 Furman Drive Ames, IA Charming Ranch Home in Ames - Great Location Near Schools & Shopping! Welcome to this invi...	3 beds \| 2 baths \| 1,448 sq.ft.	$249,500	Airbnb cash on cash: 2.6% Traditional cash on cash: 6.87% Airbnb Rental Income: $1720 Traditional Rental Income: $2249 Airbnb ROI: 2.6% Traditional ROI: 6.87%
2007 Ketelsen Drive Ames, IA Graystone Companies proudly presents their newest executive ranch home, offering over 3,10...	4 beds \| 5 baths \| 1,789 sq.ft.	$844,900	Airbnb cash on cash: -0.25% Traditional cash on cash: 1.15% Airbnb Rental Income: $2559 Traditional Rental Income: $3044 Airbnb ROI: -0.25% Traditional ROI: 1.15%
5428 Greene Street Ames, IA Introducing the new Gemini 3 floor plan built by Gladiator Homes. This 3BR, 2 bath home is...	3 beds \| 2 baths \| 1,387 sq.ft.	$416,500	Airbnb cash on cash: 0.36% Traditional cash on cash: 3.36% Airbnb Rental Income: $1720 Traditional Rental Income: $2415 Airbnb ROI: 0.36% Traditional ROI: 3.36%
5420 Greene Street Ames, IA Introducing the Blaze 3 floor plan, with 1646 sq. feet and built by Gladiator Homes. This ...	3 beds \| 3 baths \| 1,646 sq.ft.	$418,900	Airbnb cash on cash: 0.35% Traditional cash on cash: 3.72% Airbnb Rental Income: $1720 Traditional Rental Income: $2568 Airbnb ROI: 0.35% Traditional ROI: 3.72%
1214 Northwestern Avenue Ames, IA Welcome to this charming 4-bedroom, 2-bath ranch home. Thoughtfully cared for and updated,...	4 beds \| 2 baths \| 1,509 sq.ft.	$235,000	Airbnb cash on cash: 6.11% Traditional cash on cash: 7.61% Airbnb Rental Income: $2559 Traditional Rental Income: $2276 Airbnb ROI: 6.11% Traditional ROI: 7.61%
3412 Southdale Drive Ames, IA Lovely Remodeled split Foyer townhome - featuring 3 Bed Rooms 2 Bathrooms. New Carpeting, ...	3 beds \| 2 baths \| 1,242 sq.ft.	$204,900	Airbnb cash on cash: 3.69% Traditional cash on cash: 7.9% Airbnb Rental Income: $1720 Traditional Rental Income: $2062 Airbnb ROI: 3.69% Traditional ROI: 7.9%
330 Franklin Avenue Ames, IA	4 beds \| 2 baths \| 1,374 sq.ft.	$250,000	Airbnb cash on cash: 5.75% Traditional cash on cash: 6.97% Airbnb Rental Income: $2559 Traditional Rental Income: $2231 Airbnb ROI: 5.75% Traditional ROI: 6.97%
6235 Us Highway 69 Ames, IA Perfectly positioned on a hard-surface road and surrounded by over two acres of scenic cou...	5 beds \| 4 baths \| 4,490 sq.ft.	$865,000	Airbnb cash on cash: 0% Traditional cash on cash: 2.52% Airbnb Rental Income: $2370 Traditional Rental Income: $3821 Airbnb ROI: 0% Traditional ROI: 2.52%
824 Tennyson Avenue Ames, IA Step into this beautifully crafted two story custom home that blends comfort, style and th...	3 beds \| 4 baths \| 1,989 sq.ft.	$397,000	Airbnb cash on cash: 0.9% Traditional cash on cash: 4.99% Airbnb Rental Income: $1720 Traditional Rental Income: $2766 Airbnb ROI: 0.9% Traditional ROI: 4.99%
826 Duff Ave Avenue Ames, IA Welcome to this charming 4-bedroom, 2-bath home near Old Town Ames. Situated on a spacious...	4 beds \| 2 baths \| 1,969 sq.ft.	$268,000	Airbnb cash on cash: 5.52% Traditional cash on cash: 7.89% Airbnb Rental Income: $2559 Traditional Rental Income: $2543 Airbnb ROI: 5.52% Traditional ROI: 7.89%
2200 Hamilton Drive #601 Ames, IA Discover your new lifestyle in this sixth-floor corner apartment home, offering privacy, n...	1 beds \| 1 baths \| 673 sq.ft.	$115,000	Airbnb cash on cash: -17.69% Traditional cash on cash: -11.54% Airbnb Rental Income: $1043 Traditional Rental Income: $1364 Airbnb ROI: -17.69% Traditional ROI: -11.54%

Real Estate investment in Ames, IA

There are 60 properties for sale in the city of Ames . The median list price in Ames is $392,000 and the average price per square foot is $202. In January 2026, the average monthly cash on cash return in Ames is 4.00%. The average monthly rental income in Ames is $2,415.

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

There are 60 investment properties available for sale in Ames.

In 2026, 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 $2,415.

Your search for investment property begins and ends here

Investment Property for Sale in Ames, IA

5608 Allerton Drive

Ames, IA

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

$449,000

Airbnb cash on cash: 0.38%

Traditional cash on cash: 4%

Airbnb Rental Income: $1720

Traditional Rental Income: $2765

Airbnb ROI: 0.38%

Traditional ROI: 4%

814 Wilson Avenue

Ames, IA

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

$379,900

Airbnb cash on cash: 4.09%

Traditional cash on cash: 5.21%

Airbnb Rental Income: $2559

Traditional Rental Income: $2346

Airbnb ROI: 4.09%

Traditional ROI: 5.21%

5421 Rowling Drive

Ames, IA

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

$369,500

Airbnb cash on cash: 2.89%

Traditional cash on cash: 4.73%

Airbnb Rental Income: $2559

Traditional Rental Income: $2580

Airbnb ROI: 2.89%

Traditional ROI: 4.73%

3109 Story Street

Ames, IA

2 beds | 1 baths | 930 sq.ft.

$215,000

Airbnb cash on cash: 2.55%

Traditional cash on cash: 6.05%

Airbnb Rental Income: $1427

Traditional Rental Income: $1712

Airbnb ROI: 2.55%

Traditional ROI: 6.05%

809 Wilson Avenue

Ames, IA

3 beds | 1 baths | 1,178 sq.ft.

$219,000

Airbnb cash on cash: 3.58%

Traditional cash on cash: 6.84%

Airbnb Rental Income: $1720

Traditional Rental Income: $1921

Airbnb ROI: 3.58%

Traditional ROI: 6.84%

715 Grand Avenue

Ames, IA

3 beds | 3 baths | 1,783 sq.ft.

$319,900

Airbnb cash on cash: 1.77%

Traditional cash on cash: 5.73%

Airbnb Rental Income: $1720

Traditional Rental Income: $2437

Airbnb ROI: 1.77%

Traditional ROI: 5.73%

226 N Russell Avenue

Ames, IA

3 beds | 3 baths | 1,987 sq.ft.

$329,000

Airbnb cash on cash: 1.46%

Traditional cash on cash: 6.46%

Airbnb Rental Income: $1720

Traditional Rental Income: $2791

Airbnb ROI: 1.46%

Traditional ROI: 6.46%

2200 Hamilton Drive #610

Ames, IA

1 beds | 1 baths | 644 sq.ft.

$103,900

Airbnb cash on cash: -18.39%

Traditional cash on cash: -11.83%

Airbnb Rental Income: $1043

Traditional Rental Income: $1342

Airbnb ROI: -18.39%