Real Estate Investment Properties for Sale in Centerville, IA

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1203 W Orchard Centerville, IA Move-In-Ready, Beautiful 4-Bedroom Ranch Home in Quiet Cul-de-Sac - Close to Indian Hills ...	4 beds \| 3 baths \| 3,140 sq.ft.	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.16% Airbnb Rental Income: $null Traditional Rental Income: $3266 Airbnb ROI: N/A Traditional ROI: 9.16%
307 E Orchard Centerville, IA Welcome to 307 E Orchard St in Centerville, IA! This charming 2-bedroom, 1-bath home offer...	2 beds \| 1 baths \| 868 sq.ft.	$125,000	Airbnb cash on cash: 2.54% Traditional cash on cash: 9.52% Airbnb Rental Income: $929 Traditional Rental Income: $1425 Airbnb ROI: 2.54% Traditional ROI: 9.52%
1006 N 14th Street Centerville, IA Charming 3-Bedroom, 2-Bath Split-Level Home on a Corner Lot Don't miss this beautifully ma...	3 beds \| 2 baths \| 1,824 sq.ft.	$270,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 5.94% Airbnb Rental Income: $1194 Traditional Rental Income: $2140 Airbnb ROI: 0.7% Traditional ROI: 5.94%
610 N Park Avenue Centerville, IA This beautiful 4- bedroom, 2- bath bungalow is loaded with character and is so much larger...	4 beds \| 2 baths \| 1,945 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.21% Airbnb Rental Income: $null Traditional Rental Income: $2689 Airbnb ROI: N/A Traditional ROI: 11.21%
406 W Maple Street Centerville, IA This stunning 4 bed 4 bath home is located in the heart of Centerville, Iowa, and is only ...	4 beds \| 4 baths \| 3,023 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.74% Airbnb Rental Income: $null Traditional Rental Income: $3373 Airbnb ROI: N/A Traditional ROI: 10.74%
700 Drake Avenue Centerville, IA This lovely home sits in an ideal location on beautiful Drake Ave. in Centerville. The lar...	2 beds \| 3 baths \| 1,524 sq.ft.	$229,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 8.22% Airbnb Rental Income: $929 Traditional Rental Income: $2444 Airbnb ROI: -0.35% Traditional ROI: 8.22%
21468 240Th Avenue Centerville, IA This stunning country brick home sits on 12.7 acres M/L of beautiful, usable land-perfect ...	4 beds \| 2 baths \| 2,252 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.77% Airbnb Rental Income: $null Traditional Rental Income: $2689 Airbnb ROI: N/A Traditional ROI: 6.77%
1010 W Washington Street Centerville, IA MOTIVATED SELLER! Welcome to this beautifully maintained ranch-style home, built in 2021 a...	2 beds \| 3 baths \| 1,088 sq.ft.	$239,500	Airbnb cash on cash: -0.49% Traditional cash on cash: 6.64% Airbnb Rental Income: $929 Traditional Rental Income: $2200 Airbnb ROI: -0.49% Traditional ROI: 6.64%
910 S 15th Centerville, IA Looking for 4 bedrooms? This house has it. A lot of square footage for the money. A nice k...	4 beds \| 1 baths \| 1,902 sq.ft.	$125,500	Airbnb cash on cash: N/A Traditional cash on cash: 11.82% Airbnb Rental Income: $null Traditional Rental Income: $1881 Airbnb ROI: N/A Traditional ROI: 11.82%
800 Drake Avenue Centerville, IA Step Into a Piece of Centerville History - The "J.J. Franklin Home" Take a step into this ...	3 beds \| 2 baths \| 2,336 sq.ft.	$274,900	Airbnb cash on cash: 1.28% Traditional cash on cash: 8.01% Airbnb Rental Income: $1194 Traditional Rental Income: $2552 Airbnb ROI: 1.28% Traditional ROI: 8.01%
301 E Walsh Street Centerville, IA Don't miss this excellent investment opportunity! This well-maintained duplex offers stron...	N/A beds \| N/A baths \| 1,904 sq.ft.	$89,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.89% Airbnb Rental Income: $null Traditional Rental Income: $1380 Airbnb ROI: N/A Traditional ROI: 11.89%
20147 Hwy 2 Centerville, IA Charming Brick Ranch on 1.25 Acres (M/L) with a 48' x 40' Utility Building - Prime Highway...	3 beds \| 3 baths \| 1,842 sq.ft.	$440,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 4.53% Airbnb Rental Income: $1194 Traditional Rental Income: $2706 Airbnb ROI: -0.08% Traditional ROI: 4.53%
24146 Dewey Rd Centerville, IA Country living 8.5 acres close to town. This property offers 1080 square feet, 2-3 bedroom...	2 beds \| 1 baths \| 1,080 sq.ft.	$245,900	Airbnb cash on cash: 0.36% Traditional cash on cash: 4.59% Airbnb Rental Income: $929 Traditional Rental Income: $1568 Airbnb ROI: 0.36% Traditional ROI: 4.59%
543 N Haynes Avenue Centerville, IA Newly Remodeled Brick Ranch in a Great Neighborhood! This beautiful brick ranch home offer...	3 beds \| 1 baths \| 1,248 sq.ft.	$345,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 3.86% Airbnb Rental Income: $1194 Traditional Rental Income: $1894 Airbnb ROI: 0.51% Traditional ROI: 3.86%
18022` 520th St Centerville, IA It is not often that a phenomenal livestock business opportunity arises! However, for thos...	2 beds \| 2 baths \| 1,200 sq.ft.	$595,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 1.79% Airbnb Rental Income: $929 Traditional Rental Income: $1971 Airbnb ROI: -0.7% Traditional ROI: 1.79%
23989 Dewey Road Centerville, IA Take a decisive step toward your ideal country living experience just minutes from town! T...	3 beds \| 2 baths \| 2,040 sq.ft.	$599,000	Airbnb cash on cash: -0.09% Traditional cash on cash: 3.02% Airbnb Rental Income: $1194 Traditional Rental Income: $2548 Airbnb ROI: -0.09% Traditional ROI: 3.02%
22966 458Th Street Centerville, IA Charming Country Retreat on 24.12+/- Acres - Ponds, Outbuildings & Move-In Ready! Escape t...	3 beds \| 1 baths \| 1,520 sq.ft.	$430,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 4.03% Airbnb Rental Income: $1194 Traditional Rental Income: $2303 Airbnb ROI: 0.31% Traditional ROI: 4.03%
1100 N Park Avenue Centerville, IA Location, Location, Location! This beautiful ranch-style home offers 3 bedrooms and 2 bath...	3 beds \| 2 baths \| 1,626 sq.ft.	$225,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 7.51% Airbnb Rental Income: $1194 Traditional Rental Income: $2204 Airbnb ROI: 0.94% Traditional ROI: 7.51%
920 Woodland View Centerville, IA Executive 5-bedroom, 4-bath home offering over 2,500 square feet of finished living space,...	5 beds \| 4 baths \| 1,985 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.41% Airbnb Rental Income: $null Traditional Rental Income: $3142 Airbnb ROI: N/A Traditional ROI: 6.41%
14142 524th Street Centerville, IA Charming country brick ranch situated on 37.8 acres featuring a pond, outbuilding, and til...	3 beds \| 2 baths \| 1,496 sq.ft.	$540,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 2.69% Airbnb Rental Income: $1194 Traditional Rental Income: $2266 Airbnb ROI: -0.21% Traditional ROI: 2.69%
902 E Washington Street Centerville, IA Stunning 3-Bedroom, 2-Bath Modern Home, Approximately 2,112 sq. ft. - Fully Remodeled & Mo...	3 beds \| 2 baths \| 2,112 sq.ft.	$360,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 2.51% Airbnb Rental Income: $1194 Traditional Rental Income: $1579 Airbnb ROI: 0.23% Traditional ROI: 2.51%
1720 S 12Th Street Centerville, IA Showings will not begin until July 31st. What a perfect location if you have children in s...	3 beds \| 3 baths \| 1,754 sq.ft.	$269,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 7.86% Airbnb Rental Income: $1194 Traditional Rental Income: $2629 Airbnb ROI: 0.67% Traditional ROI: 7.86%
1200 E Grant Centerville, IA Fully Updated 5 Bedroom, 3 Bath Home - Attached Garage - Move-In Ready! Welcome to this be...	5 beds \| 3 baths \| 2,416 sq.ft.	$259,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.1% Airbnb Rental Income: $null Traditional Rental Income: $3104 Airbnb ROI: N/A Traditional ROI: 10.1%
626 N 3Rd Street Centerville, IA Very charming and move-in ready 3-bedroom, 2-bath home with an additional shower in the fu...	3 beds \| 3 baths \| 1,288 sq.ft.	$189,900	Airbnb cash on cash: 2.09% Traditional cash on cash: 9.26% Airbnb Rental Income: $1194 Traditional Rental Income: $2101 Airbnb ROI: 2.09% Traditional ROI: 9.26%
0 516th Ave Ave Centerville, IA 0 516th Ave Ave, Centerville, IA 52572 \| Other	N/A beds \| N/A baths \| N/A	$169,500	Airbnb cash on cash: N/A Traditional cash on cash: 1.76% Airbnb Rental Income: $null Traditional Rental Income: $788 Airbnb ROI: N/A Traditional ROI: 1.76%

Real Estate investment in Centerville, IA

There are 25 properties for sale in the city of Centerville . The median list price in Centerville is $245,900 and the average price per square foot is $165. In January 2026, the average monthly cash on cash return in Centerville is 10.00%. The average monthly rental income in Centerville is $2,070.

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

There are 25 investment properties available for sale in Centerville.

In 2026, the best neighborhood to buy investment property is Centerville.

The ROI for Short-Term is higher than the Long-Term in Centerville with average rental income of $1,194.

Your search for investment property begins and ends here

Investment Property for Sale in Centerville, IA

1203 W Orchard

Centerville, IA

4 beds | 3 baths | 3,140 sq.ft.

$280,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.16%

Airbnb Rental Income: $null

Traditional Rental Income: $3266

Airbnb ROI: N/A

Traditional ROI: 9.16%

307 E Orchard

Centerville, IA

2 beds | 1 baths | 868 sq.ft.

$125,000

Airbnb cash on cash: 2.54%

Traditional cash on cash: 9.52%

Airbnb Rental Income: $929

Traditional Rental Income: $1425

Airbnb ROI: 2.54%

Traditional ROI: 9.52%

1006 N 14th Street

Centerville, IA

3 beds | 2 baths | 1,824 sq.ft.

$270,000

Airbnb cash on cash: 0.7%

Traditional cash on cash: 5.94%

Airbnb Rental Income: $1194

Traditional Rental Income: $2140

Airbnb ROI: 0.7%

Traditional ROI: 5.94%

610 N Park Avenue

Centerville, IA

4 beds | 2 baths | 1,945 sq.ft.

$199,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.21%

Airbnb Rental Income: $null

Traditional Rental Income: $2689

Airbnb ROI: N/A

Traditional ROI: 11.21%

406 W Maple Street

Centerville, IA

4 beds | 4 baths | 3,023 sq.ft.

$270,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.74%

Airbnb Rental Income: $null

Traditional Rental Income: $3373

Airbnb ROI: N/A

Traditional ROI: 10.74%

700 Drake Avenue

Centerville, IA

2 beds | 3 baths | 1,524 sq.ft.

$229,000

Airbnb cash on cash: -0.35%

Traditional cash on cash: 8.22%

Airbnb Rental Income: $929

Traditional Rental Income: $2444

Airbnb ROI: -0.35%

Traditional ROI: 8.22%

21468 240Th Avenue

Centerville, IA

4 beds | 2 baths | 2,252 sq.ft.

$335,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.77%

Airbnb Rental Income: $null

Traditional Rental Income: $2689

Airbnb ROI: N/A

Traditional ROI: 6.77%

1010 W Washington Street

Centerville, IA

2 beds | 3 baths | 1,088 sq.ft.

$239,500

Airbnb cash on cash: -0.49%

Traditional cash on cash: 6.64%

Airbnb Rental Income: $929

Traditional Rental Income: $2200

Airbnb ROI: -0.49%