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
2215 Storm Street Ames, IA	3 beds \| 1 baths \| 1,460 sq.ft.	$310,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 3.57% Airbnb Rental Income: $1720 Traditional Rental Income: $1755 Airbnb ROI: 1.82% Traditional ROI: 3.57%
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.	$273,000	Airbnb cash on cash: 1.92% Traditional cash on cash: 6.1% Airbnb Rental Income: $1720 Traditional Rental Income: $2319 Airbnb ROI: 1.92% Traditional ROI: 6.1%
5608 Allerton Drive Ames, IA Welcome home for the holiday's in this stunning home and a $3000 buyer incentive to use ho...	3 beds \| 3 baths \| 1,825 sq.ft.	$457,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 3.91% Airbnb Rental Income: $1720 Traditional Rental Income: $2765 Airbnb ROI: 0.35% Traditional ROI: 3.91%
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.	$400,000	Airbnb cash on cash: 3.83% Traditional cash on cash: 4.91% Airbnb Rental Income: $2559 Traditional Rental Income: $2346 Airbnb ROI: 3.83% Traditional ROI: 4.91%
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.	$375,000	Airbnb cash on cash: 2.84% Traditional cash on cash: 4.64% Airbnb Rental Income: $2559 Traditional Rental Income: $2580 Airbnb ROI: 2.84% Traditional ROI: 4.64%
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%
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.	$200,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 6.79% Airbnb Rental Income: $1427 Traditional Rental Income: $1994 Airbnb ROI: 1.55% Traditional ROI: 6.79%
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: 2.36% Traditional cash on cash: 7.03% Airbnb Rental Income: $1720 Traditional Rental Income: $2194 Airbnb ROI: 2.36% 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 \| 3,170 sq.ft.	$524,900	Airbnb cash on cash: -0.25% Traditional cash on cash: 3.77% Airbnb Rental Income: $1720 Traditional Rental Income: $3215 Airbnb ROI: -0.25% Traditional ROI: 3.77%
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.	$329,900	Airbnb cash on cash: 1.69% Traditional cash on cash: 5.53% Airbnb Rental Income: $1720 Traditional Rental Income: $2437 Airbnb ROI: 1.69% Traditional ROI: 5.53%
2200 Hamilton Drive #610 Ames, IA	1 beds \| 1 baths \| 644 sq.ft.	$107,500	Airbnb cash on cash: -17.83% Traditional cash on cash: -11.48% Airbnb Rental Income: $1043 Traditional Rental Income: $1342 Airbnb ROI: -17.83% Traditional ROI: -11.48%
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%
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 \| 1,797 sq.ft.	$368,750	Airbnb cash on cash: 1.11% Traditional cash on cash: 4.3% Airbnb Rental Income: $1720 Traditional Rental Income: $2347 Airbnb ROI: 1.11% Traditional ROI: 4.3%
3120 Cottontail Lane Ames, IA Ask us about our $5,000 buyer credit today! Welcome to this beautifully maintained Tastefu...	4 beds \| 3 baths \| 1,460 sq.ft.	$484,900	Airbnb cash on cash: 1.71% Traditional cash on cash: 2.14% Airbnb Rental Income: $2559 Traditional Rental Income: $2138 Airbnb ROI: 1.71% Traditional ROI: 2.14%
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.	$380,000	Airbnb cash on cash: 3.11% Traditional cash on cash: 3.73% Airbnb Rental Income: $2559 Traditional Rental Income: $2165 Airbnb ROI: 3.11% Traditional ROI: 3.73%
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.	$859,000	Airbnb cash on cash: -0.53% Traditional cash on cash: 1.66% Airbnb Rental Income: $2370 Traditional Rental Income: $3531 Airbnb ROI: -0.53% Traditional ROI: 1.66%
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: 2.32% Traditional cash on cash: 7.81% Airbnb Rental Income: $2370 Traditional Rental Income: $3743 Airbnb ROI: 2.32% Traditional ROI: 7.81%
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: 0.78% Traditional cash on cash: 3.46% Airbnb Rental Income: $1720 Traditional Rental Income: $2320 Airbnb ROI: 0.78% Traditional ROI: 3.46%
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: 1.42% Traditional cash on cash: 10.06% Airbnb Rental Income: $2370 Traditional Rental Income: $5266 Airbnb ROI: 1.42% 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: -0.15% Traditional cash on cash: -0.49% Airbnb Rental Income: $2370 Traditional Rental Income: $1321 Airbnb ROI: -0.15% 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: -0.03% Traditional cash on cash: -0.3% Airbnb Rental Income: $2370 Traditional Rental Income: $1412 Airbnb ROI: -0.03% 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: -0.04% Traditional cash on cash: -0.38% Airbnb Rental Income: $2370 Traditional Rental Income: $1314 Airbnb ROI: -0.04% 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.	$400,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 3.87% Airbnb Rental Income: $1720 Traditional Rental Income: $2516 Airbnb ROI: 0.48% Traditional ROI: 3.87%
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.	$450,000	Airbnb cash on cash: 1.81% Traditional cash on cash: 3.31% Airbnb Rental Income: $2559 Traditional Rental Income: $2578 Airbnb ROI: 1.81% Traditional ROI: 3.31%
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.	$765,000	Airbnb cash on cash: 0.03% Traditional cash on cash: 2% Airbnb Rental Income: $2559 Traditional Rental Income: $3342 Airbnb ROI: 0.03% Traditional ROI: 2%
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: 0.44% Traditional cash on cash: 2.94% Airbnb Rental Income: $2559 Traditional Rental Income: $3659 Airbnb ROI: 0.44% Traditional ROI: 2.94%
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%
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.	$339,900	Airbnb cash on cash: 3.45% Traditional cash on cash: 4.87% Airbnb Rental Income: $2559 Traditional Rental Income: $2396 Airbnb ROI: 3.45% Traditional ROI: 4.87%
3225 Evergreen Road Ames, IA New roof & gutters to be installed in December 2025! Prime location in the coveted Northr...	4 beds \| 4 baths \| 2,494 sq.ft.	$449,900	Airbnb cash on cash: 1.91% Traditional cash on cash: 4.76% Airbnb Rental Income: $2559 Traditional Rental Income: $3144 Airbnb ROI: 1.91% Traditional ROI: 4.76%
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%
2219 Ketelsen Drive Ames, IA Discover refined living in this beautifully crafted home by Caliber Homes located in the p...	4 beds \| 4 baths \| 1,932 sq.ft.	$925,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 0.97% Airbnb Rental Income: $2559 Traditional Rental Income: $3169 Airbnb ROI: -0.45% Traditional ROI: 0.97%
4643 Cartier Avenue Ames, IA Crafted with elegance and timeless sophistication, this striking home by Caliber Homes off...	4 beds \| 6 baths \| 2,300 sq.ft.	$1,250,000	Airbnb cash on cash: -1% Traditional cash on cash: 1.77% Airbnb Rental Income: $2559 Traditional Rental Income: $5159 Airbnb ROI: -1% Traditional ROI: 1.77%
1323 Wisconsin Circle Ames, IA Check out this updated 4 bedroom, 2 bathroom ranch just outside of campus & on a cul-de-sa...	4 beds \| 2 baths \| 1,055 sq.ft.	$295,000	Airbnb cash on cash: 4.27% Traditional cash on cash: 4.87% Airbnb Rental Income: $2559 Traditional Rental Income: $2110 Airbnb ROI: 4.27% Traditional ROI: 4.87%
2917 Bayberry Road Ames, IA Welcome to 2917 Bayberry Road - A Move-In Ready Home in Sought-After Northridge This spaci...	4 beds \| 4 baths \| 2,474 sq.ft.	$479,000	Airbnb cash on cash: 1.73% Traditional cash on cash: 4.72% Airbnb Rental Income: $2559 Traditional Rental Income: $3280 Airbnb ROI: 1.73% Traditional ROI: 4.72%
213 S Wilmoth Avenue Ames, IA Endless potential in this spacious 1 1/2 story home in SW Ames. On entry, you'll walk thro...	5 beds \| 1 baths \| 1,554 sq.ft.	$249,900	Airbnb cash on cash: 5.13% Traditional cash on cash: 5.42% Airbnb Rental Income: $2370 Traditional Rental Income: $1856 Airbnb ROI: 5.13% Traditional ROI: 5.42%
4015 Marigold Drive Ames, IA Take a look at this 5 bedroom, 3 full bathroom home with over 3000 finished square feet, m...	5 beds \| 3 baths \| 1,792 sq.ft.	$390,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 4.31% Airbnb Rental Income: $2370 Traditional Rental Income: $2629 Airbnb ROI: 2.01% Traditional ROI: 4.31%

Real Estate investment in Ames, IA

There are 79 properties for sale in the city of Ames . The median list price in Ames is $380,000 and the average price per square foot is $188. In December 2025, the average monthly cash on cash return in Ames is 4.00%. The average monthly rental income in Ames is $2,469.

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

There are 79 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 $2,469.

Your search for investment property begins and ends here

Investment Property for Sale in Ames, IA

2215 Storm Street

Ames, IA

3 beds | 1 baths | 1,460 sq.ft.

$310,000

Airbnb cash on cash: 1.82%

Traditional cash on cash: 3.57%

Airbnb Rental Income: $1720

Traditional Rental Income: $1755

Airbnb ROI: 1.82%

Traditional ROI: 3.57%

3811 Columbine Avenue

Ames, IA

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

$273,000

Airbnb cash on cash: 1.92%

Traditional cash on cash: 6.1%

Airbnb Rental Income: $1720

Traditional Rental Income: $2319

Airbnb ROI: 1.92%

Traditional ROI: 6.1%

5608 Allerton Drive

Ames, IA

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

$457,000

Airbnb cash on cash: 0.35%

Traditional cash on cash: 3.91%

Airbnb Rental Income: $1720

Traditional Rental Income: $2765

Airbnb ROI: 0.35%

Traditional ROI: 3.91%

814 Wilson Avenue

Ames, IA

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

$400,000

Airbnb cash on cash: 3.83%

Traditional cash on cash: 4.91%

Airbnb Rental Income: $2559

Traditional Rental Income: $2346

Airbnb ROI: 3.83%

Traditional ROI: 4.91%

5421 Rowling Drive

Ames, IA

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

$375,000

Airbnb cash on cash: 2.84%

Traditional cash on cash: 4.64%

Airbnb Rental Income: $2559

Traditional Rental Income: $2580

Airbnb ROI: 2.84%

Traditional ROI: 4.64%

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%

1416 Big Bluestem Court #206

Ames, IA

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

$200,000

Airbnb cash on cash: 1.55%

Traditional cash on cash: 6.79%

Airbnb Rental Income: $1427

Traditional Rental Income: $1994

Airbnb ROI: 1.55%

Traditional ROI: 6.79%

4714 Todd Drive

Ames, IA

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

$214,900

Airbnb cash on cash: 2.36%

Traditional cash on cash: 7.03%

Airbnb Rental Income: $1720

Traditional Rental Income: $2194

Airbnb ROI: 2.36%