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
4510 Twain Circle #206 Ames, IA New price-an affordable opportunity to own in Ames! This bright 1-bedroom, 1-bath condo of...	1 beds \| 1 baths \| 658 sq.ft.	$129,900	Airbnb cash on cash: 2.59% Traditional cash on cash: 9.25% Airbnb Rental Income: $1051 Traditional Rental Income: $1518 Airbnb ROI: 2.59% Traditional ROI: 9.25%
1431 Carroll Avenue Ames, IA This cottage-style home has three bedrooms, two baths, a large fenced backyard, and a loca...	3 beds \| 2 baths \| 1,547 sq.ft.	$268,000	Airbnb cash on cash: 3.08% Traditional cash on cash: 6.24% Airbnb Rental Income: $1876 Traditional Rental Income: $2173 Airbnb ROI: 3.08% Traditional ROI: 6.24%
1236 Orchard Drive Ames, IA Welcome to this gem of a home on beautiful Orchard Drive in north Ames! This home brings i...	2 beds \| 1 baths \| 1,097 sq.ft.	$235,000	Airbnb cash on cash: 2.35% Traditional cash on cash: 5.19% Airbnb Rental Income: $1663 Traditional Rental Income: $1827 Airbnb ROI: 2.35% Traditional ROI: 5.19%
3621 Woodland Street Ames, IA A rare opportunity to own one of Ames' distinctive historic homes, set on an incredible 1....	4 beds \| 5 baths \| 3,568 sq.ft.	$695,000	Airbnb cash on cash: 1.14% Traditional cash on cash: 5.59% Airbnb Rental Income: $3045 Traditional Rental Income: $5234 Airbnb ROI: 1.14% Traditional ROI: 5.59%
233 Washington Avenue Ames, IA Sunny and bright with large windows, this welcoming home offers a spacious living/dining r...	2 beds \| 1 baths \| 1,361 sq.ft.	$139,900	Airbnb cash on cash: 6.06% Traditional cash on cash: 8.86% Airbnb Rental Income: $1663 Traditional Rental Income: $1572 Airbnb ROI: 6.06% Traditional ROI: 8.86%
3324 Harcourt Drive Ames, IA Mid-century modern character with fresh updates, on a lot that backs to green space in sou...	4 beds \| 2 baths \| 997 sq.ft.	$269,900	Airbnb cash on cash: 6.99% Traditional cash on cash: 5.76% Airbnb Rental Income: $3045 Traditional Rental Income: $2037 Airbnb ROI: 6.99% Traditional ROI: 5.76%
1308 Stafford Avenue Ames, IA Welcome to this charming 1.5 story home! Step inside to a bright and inviting living room ...	3 beds \| 2 baths \| 1,741 sq.ft.	$260,000	Airbnb cash on cash: 2.88% Traditional cash on cash: 6.55% Airbnb Rental Income: $1876 Traditional Rental Income: $2275 Airbnb ROI: 2.88% Traditional ROI: 6.55%
3805 Dawes Drive Ames, IA Welcome to 3805 Dawes Drive in Ames, where comfortable living meets an exceptional outdoor...	3 beds \| 2 baths \| 1,488 sq.ft.	$525,000	Airbnb cash on cash: 0.71% Traditional cash on cash: 2.6% Airbnb Rental Income: $1876 Traditional Rental Income: $2300 Airbnb ROI: 0.71% Traditional ROI: 2.6%
3504 Emerald Drive Ames, IA Take a loot at this fantastic 3 bedroom 2 bath walkout ranch on a huge lot in South Ames! ...	3 beds \| 2 baths \| 2,024 sq.ft.	$267,500	Airbnb cash on cash: 2.83% Traditional cash on cash: 7.4% Airbnb Rental Income: $1876 Traditional Rental Income: $2529 Airbnb ROI: 2.83% Traditional ROI: 7.4%
1458 Truman Place Ames, IA Welcome to this well-maintained 3-bedroom, 1.5-bath townhome in a convenient North Ames lo...	3 beds \| 2 baths \| 1,218 sq.ft.	$181,000	Airbnb cash on cash: 4.42% Traditional cash on cash: 7.74% Airbnb Rental Income: $1876 Traditional Rental Income: $1946 Airbnb ROI: 4.42% Traditional ROI: 7.74%
210 Cooper Court Ames, IA Welcome home to this bright and inviting 3-bedroom, 1.5-bath townhome! Filled with natural...	3 beds \| 2 baths \| 1,116 sq.ft.	$175,000	Airbnb cash on cash: 4.61% Traditional cash on cash: 7.77% Airbnb Rental Income: $1876 Traditional Rental Income: $1901 Airbnb ROI: 4.61% Traditional ROI: 7.77%
1012 Marston Avenue Ames, IA Opportunity awaits for buyers looking to build equity in this 2br, 1ba bungalow located co...	2 beds \| 1 baths \| 720 sq.ft.	$130,000	Airbnb cash on cash: 6.34% Traditional cash on cash: 10.25% Airbnb Rental Income: $1663 Traditional Rental Income: $1686 Airbnb ROI: 6.34% Traditional ROI: 10.25%
2820 Roxboro Drive Ames, IA Easy living doesn't have to mean giving up space. This spacious zero-entry townhome in Nor...	4 beds \| 3 baths \| 1,469 sq.ft.	$400,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 3.3% Airbnb Rental Income: $3045 Traditional Rental Income: $2388 Airbnb ROI: 3.19% Traditional ROI: 3.3%
4146 Eisenhower Lane #1 Ames, IA Enjoy easy, convenient living in this move-in ready end-unit townhome! Ideally located nea...	2 beds \| 2 baths \| 1,258 sq.ft.	$224,900	Airbnb cash on cash: 2.34% Traditional cash on cash: 4.52% Airbnb Rental Income: $1663 Traditional Rental Income: $1662 Airbnb ROI: 2.34% Traditional ROI: 4.52%
1714 Douglas Avenue Ames, IA This inviting four-bedroom, two-bath home offers an updated kitchen, spacious primary suit...	4 beds \| 2 baths \| 1,764 sq.ft.	$254,500	Airbnb cash on cash: 7.26% Traditional cash on cash: 7.41% Airbnb Rental Income: $3045 Traditional Rental Income: $2384 Airbnb ROI: 7.26% Traditional ROI: 7.41%
3812 Eisenhower Avenue Ames, IA Some homes just make everyday life easier, and this one in northwest Ames does it well. Se...	4 beds \| 4 baths \| 1,658 sq.ft.	$365,000	Airbnb cash on cash: 4.34% Traditional cash on cash: 4.78% Airbnb Rental Income: $3045 Traditional Rental Income: $2497 Airbnb ROI: 4.34% Traditional ROI: 4.78%
5423 Norris Street Ames, IA Welcome to 5423 Norris Street in Ames, where modern comfort meets a fantastic location. Th...	4 beds \| 2 baths \| 990 sq.ft.	$260,000	Airbnb cash on cash: 7% Traditional cash on cash: 6.19% Airbnb Rental Income: $3045 Traditional Rental Income: $2149 Airbnb ROI: 7% Traditional ROI: 6.19%
2435 Aspen Road #201 Ames, IA Welcome to this well-maintained 2-bedroom, 2-bath condo at 2435 Aspen Rd Unit 201 in Ames....	2 beds \| 2 baths \| 988 sq.ft.	$189,999	Airbnb cash on cash: 2.44% Traditional cash on cash: 6.62% Airbnb Rental Income: $1663 Traditional Rental Income: $1952 Airbnb ROI: 2.44% Traditional ROI: 6.62%
4702 Dover Drive Ames, IA Designed in the 1970s by the Dean of Architecture at Iowa State, 4702 Dover Dr is a one-of...	3 beds \| 3 baths \| 1,248 sq.ft.	$475,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 3.56% Airbnb Rental Income: $1876 Traditional Rental Income: $2526 Airbnb ROI: 0.97% Traditional ROI: 3.56%
5017 Todd Drive Ames, IA Adorable ranch home featuring 3 bedrooms and 2 full baths, offering a comfortable layout w...	3 beds \| 2 baths \| 1,044 sq.ft.	$290,000	Airbnb cash on cash: 2.3% Traditional cash on cash: 4.86% Airbnb Rental Income: $1876 Traditional Rental Income: $2072 Airbnb ROI: 2.3% Traditional ROI: 4.86%
4116 Aldrin Avenue Ames, IA Beautiful townhome in the desirable Scenic Valley neighborhood of north Ames! The open-con...	3 beds \| 3 baths \| 1,494 sq.ft.	$435,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 2.86% Airbnb Rental Income: $1876 Traditional Rental Income: $2297 Airbnb ROI: 0.59% Traditional ROI: 2.86%
3005 Whitetail Lane Ames, IA Welcome home! This beautifully maintained two-story property offers approximately 2,500 sq...	4 beds \| 4 baths \| 1,692 sq.ft.	$410,000	Airbnb cash on cash: 3.58% Traditional cash on cash: 4.24% Airbnb Rental Income: $3045 Traditional Rental Income: $2599 Airbnb ROI: 3.58% Traditional ROI: 4.24%
2218 Hamilton Drive Ames, IA This charming three-bedroom, three-bathroom townhome offers 1,475 sq. ft. of main living s...	3 beds \| 3 baths \| 1,475 sq.ft.	$360,000	Airbnb cash on cash: -4.38% Traditional cash on cash: -1.93% Airbnb Rental Income: $1876 Traditional Rental Income: $2203 Airbnb ROI: -4.38% Traditional ROI: -1.93%
1819 24th Street Ames, IA Fresh updates, modern style, and room to spread out, this ranch has it all! Step inside an...	4 beds \| 3 baths \| 1,193 sq.ft.	$339,000	Airbnb cash on cash: 5.04% Traditional cash on cash: 5.76% Airbnb Rental Income: $3045 Traditional Rental Income: $2577 Airbnb ROI: 5.04% Traditional ROI: 5.76%
407 Faulkner Court Ames, IA Welcome to 407 Faulkner Street in Ames! This inviting 2-bedroom, 2-bathroom townhome offer...	2 beds \| 2 baths \| 1,116 sq.ft.	$219,800	Airbnb cash on cash: 1.81% Traditional cash on cash: 2.94% Airbnb Rental Income: $1663 Traditional Rental Income: $1433 Airbnb ROI: 1.81% Traditional ROI: 2.94%
1225 Harding Avenue Ames, IA This centrally located Cape Cod home features 5 BR's, 1.5 baths and a detached garage with...	5 beds \| 2 baths \| 1,383 sq.ft.	$250,000	Airbnb cash on cash: 6.33% Traditional cash on cash: 7.47% Airbnb Rental Income: $2765 Traditional Rental Income: $2385 Airbnb ROI: 6.33% Traditional ROI: 7.47%
1105 Garfield Avenue Ames, IA You know what's hard to find in Ames? Nearly an acre of land right in town! That's what ma...	3 beds \| 3 baths \| 1,698 sq.ft.	$359,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 4.92% Airbnb Rental Income: $1876 Traditional Rental Income: $2432 Airbnb ROI: 1.78% Traditional ROI: 4.92%
635 Ellston Avenue Ames, IA Welcome home to 635 Ellston Avenue in Ames, IA! Built in 2021, this Happe Homes two-story ...	4 beds \| 3 baths \| 2,400 sq.ft.	$515,000	Airbnb cash on cash: 2.1% Traditional cash on cash: 3.29% Airbnb Rental Income: $3045 Traditional Rental Income: $2923 Airbnb ROI: 2.1% Traditional ROI: 3.29%
415 Beedle Drive Ames, IA Welcome home to 415 Beedle Drive in Ames, IA! Built in 2005, this ranch-style home offers ...	4 beds \| 3 baths \| 1,132 sq.ft.	$315,000	Airbnb cash on cash: 5.48% Traditional cash on cash: 4.56% Airbnb Rental Income: $3045 Traditional Rental Income: $2075 Airbnb ROI: 5.48% Traditional ROI: 4.56%
420 Jeffrey Lane Ames, IA Tucked into a quiet Ames cul-de-sac, this 3 bedroom, 1.5 bath, ranch style home offers eas...	3 beds \| 2 baths \| 1,334 sq.ft.	$264,900	Airbnb cash on cash: 2.95% Traditional cash on cash: 5.98% Airbnb Rental Income: $1876 Traditional Rental Income: $2131 Airbnb ROI: 2.95% Traditional ROI: 5.98%
2304 Knapp Street Ames, IA Great investment opportunity near Iowa State University! This well-maintained Ames quadple...	N/A beds \| N/A baths \| 2,778 sq.ft.	$600,000	Airbnb cash on cash: 0.41% Traditional cash on cash: -0.14% Airbnb Rental Income: $1876 Traditional Rental Income: $1067 Airbnb ROI: 0.41% Traditional ROI: -0.14%
417 10th Street Ames, IA Welcome to 417 10th St, a well-maintained 2-bedroom, 2-bathroom home nestled in the heart ...	2 beds \| 2 baths \| 1,072 sq.ft.	$220,000	Airbnb cash on cash: 3.12% Traditional cash on cash: 6.21% Airbnb Rental Income: $1663 Traditional Rental Income: $1839 Airbnb ROI: 3.12% Traditional ROI: 6.21%
2321 Sundown Drive Ames, IA This home is available for showings and offers!! Sharp home in a great location with easy ...	4 beds \| 3 baths \| 1,908 sq.ft.	$434,900	Airbnb cash on cash: 3.41% Traditional cash on cash: 3.87% Airbnb Rental Income: $3045 Traditional Rental Income: $2536 Airbnb ROI: 3.41% Traditional ROI: 3.87%
1509 Ledges Drive Ames, IA Welcome home to this beautiful 3-bedroom, 2-bathroom residence in the award winning Gilber...	3 beds \| 2 baths \| 1,599 sq.ft.	$420,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 3.15% Airbnb Rental Income: $1876 Traditional Rental Income: $2419 Airbnb ROI: 0.49% Traditional ROI: 3.15%
2517 Clayton Drive Ames, IA Welcome home to this well-maintained two-story residence in the desirable Somerset neighbo...	3 beds \| 3 baths \| 1,716 sq.ft.	$360,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 4.39% Airbnb Rental Income: $1876 Traditional Rental Income: $2334 Airbnb ROI: 1.55% Traditional ROI: 4.39%
2200 Hamilton Drive #503 Ames, IA Enjoy your new lifestyle at Green Hills in this charming one-bedroom and one-bathroom apar...	1 beds \| 1 baths \| 610 sq.ft.	$79,750	Airbnb cash on cash: -22.47% Traditional cash on cash: -14.31% Airbnb Rental Income: $1051 Traditional Rental Income: $1327 Airbnb ROI: -22.47% Traditional ROI: -14.31%
5211 Harvest Road Ames, IA Looking for a ranch home with space, style, and incredible sunsets? Welcome to 5211 Harves...	4 beds \| 3 baths \| 1,968 sq.ft.	$649,900	Airbnb cash on cash: 1.51% Traditional cash on cash: 0.38% Airbnb Rental Income: $3045 Traditional Rental Income: $1667 Airbnb ROI: 1.51% Traditional ROI: 0.38%
5308 Thackeray Drive Ames, IA Discover this well-cared-for 4-bedroom, 3-bathroom home nestled in a well-established SW A...	4 beds \| 3 baths \| 1,206 sq.ft.	$326,900	Airbnb cash on cash: 5.3% Traditional cash on cash: 3.89% Airbnb Rental Income: $3045 Traditional Rental Income: $1918 Airbnb ROI: 5.3% Traditional ROI: 3.89%
412 Faulkner Court Ames, IA Updated and move-in ready in convenient West Ames! This upper-level 2-bedroom, 1-bath cond...	2 beds \| 1 baths \| 955 sq.ft.	$157,500	Airbnb cash on cash: 4.04% Traditional cash on cash: 6.19% Airbnb Rental Income: $1663 Traditional Rental Income: $1520 Airbnb ROI: 4.04% Traditional ROI: 6.19%
1221 Scott Avenue Ames, IA NOW GET 5.50 % Special Interest Rate, 5.57% APR! Come see this spacious, well-maintained s...	3 beds \| 2 baths \| 1,809 sq.ft.	$299,000	Airbnb cash on cash: 2.64% Traditional cash on cash: 3.9% Airbnb Rental Income: $1876 Traditional Rental Income: $1728 Airbnb ROI: 2.64% Traditional ROI: 3.9%

Real Estate investment in Ames, IA

There are 166 properties for sale in the city of Ames . The median list price in Ames is $319,848 and the average price per square foot is $192. In November 2026, the average monthly cash on cash return in Ames is 4.00%. The average monthly rental income in Ames is $2,365.

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

There are 166 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 $2,365.

Your search for investment property begins and ends here

Investment Property for Sale in Ames, IA

4510 Twain Circle #206

Ames, IA

1 beds | 1 baths | 658 sq.ft.

$129,900

Airbnb cash on cash: 2.59%

Traditional cash on cash: 9.25%

Airbnb Rental Income: $1051

Traditional Rental Income: $1518

Airbnb ROI: 2.59%

Traditional ROI: 9.25%

1431 Carroll Avenue

Ames, IA

3 beds | 2 baths | 1,547 sq.ft.

$268,000

Airbnb cash on cash: 3.08%

Traditional cash on cash: 6.24%

Airbnb Rental Income: $1876

Traditional Rental Income: $2173

Airbnb ROI: 3.08%

Traditional ROI: 6.24%

1236 Orchard Drive

Ames, IA

2 beds | 1 baths | 1,097 sq.ft.

$235,000

Airbnb cash on cash: 2.35%

Traditional cash on cash: 5.19%

Airbnb Rental Income: $1663

Traditional Rental Income: $1827

Airbnb ROI: 2.35%

Traditional ROI: 5.19%

3621 Woodland Street

Ames, IA

4 beds | 5 baths | 3,568 sq.ft.

$695,000

Airbnb cash on cash: 1.14%

Traditional cash on cash: 5.59%

Airbnb Rental Income: $3045

Traditional Rental Income: $5234

Airbnb ROI: 1.14%

Traditional ROI: 5.59%

233 Washington Avenue

Ames, IA

2 beds | 1 baths | 1,361 sq.ft.

$139,900

Airbnb cash on cash: 6.06%

Traditional cash on cash: 8.86%

Airbnb Rental Income: $1663

Traditional Rental Income: $1572

Airbnb ROI: 6.06%

Traditional ROI: 8.86%

3324 Harcourt Drive

Ames, IA

4 beds | 2 baths | 997 sq.ft.

$269,900

Airbnb cash on cash: 6.99%

Traditional cash on cash: 5.76%

Airbnb Rental Income: $3045

Traditional Rental Income: $2037

Airbnb ROI: 6.99%

Traditional ROI: 5.76%

1308 Stafford Avenue

Ames, IA

3 beds | 2 baths | 1,741 sq.ft.

$260,000

Airbnb cash on cash: 2.88%

Traditional cash on cash: 6.55%

Airbnb Rental Income: $1876

Traditional Rental Income: $2275

Airbnb ROI: 2.88%

Traditional ROI: 6.55%

3805 Dawes Drive

Ames, IA

3 beds | 2 baths | 1,488 sq.ft.

$525,000

Airbnb cash on cash: 0.71%

Traditional cash on cash: 2.6%

Airbnb Rental Income: $1876

Traditional Rental Income: $2300

Airbnb ROI: 0.71%