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
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.	$118,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.11% Airbnb Rental Income: $null Traditional Rental Income: $1425 Airbnb ROI: N/A Traditional ROI: 10.11%
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.	$249,900	Airbnb cash on cash: -0.69% Traditional cash on cash: 6.48% Airbnb Rental Income: $764 Traditional Rental Income: $2140 Airbnb ROI: -0.69% Traditional ROI: 6.48%
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%
1516 N 14th Street Centerville, IA This charming 3-bedroom, 1-bath ranch sits at the end of a quiet street, offering a peacef...	3 beds \| 1 baths \| 1,308 sq.ft.	$192,500	Airbnb cash on cash: -0.47% Traditional cash on cash: 2.95% Airbnb Rental Income: $764 Traditional Rental Income: $1073 Airbnb ROI: -0.47% Traditional ROI: 2.95%
1617 S 15Th Street Centerville, IA Experience the ease of single-level living in this beautifully updated ranch home designed...	2 beds \| 2 baths \| 1,752 sq.ft.	$237,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.77% Airbnb Rental Income: $null Traditional Rental Income: $2481 Airbnb ROI: N/A Traditional ROI: 7.77%
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: N/A Traditional cash on cash: 8.22% Airbnb Rental Income: $null Traditional Rental Income: $2444 Airbnb ROI: N/A Traditional ROI: 8.22%
517 W State Centerville, IA Spacious two-story home, ideally located just moments from the Centerville Square! Featuri...	3 beds \| 2 baths \| 1,786 sq.ft.	$149,900	Airbnb cash on cash: -0.06% Traditional cash on cash: 7.21% Airbnb Rental Income: $764 Traditional Rental Income: $1490 Airbnb ROI: -0.06% Traditional ROI: 7.21%
427 E State Street Centerville, IA Here is your chance to own an income producing investment property. This 4-unit property i...	N/A beds \| N/A baths \| 2,532 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.08% Airbnb Rental Income: $null Traditional Rental Income: $1832 Airbnb ROI: N/A Traditional ROI: 6.08%
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%
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.	$255,000	Airbnb cash on cash: -0.04% Traditional cash on cash: 8.7% Airbnb Rental Income: $764 Traditional Rental Income: $2552 Airbnb ROI: -0.04% Traditional ROI: 8.7%
20147 Hwy 2 Centerville, IA Price Improvement! Charming Brick Ranch on 1.25 Acres (M/L) with a 48' x 40' Utility Build...	3 beds \| 3 baths \| 1,842 sq.ft.	$425,000	Airbnb cash on cash: -0.95% Traditional cash on cash: 4.72% Airbnb Rental Income: $764 Traditional Rental Income: $2706 Airbnb ROI: -0.95% Traditional ROI: 4.72%
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.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.73% Airbnb Rental Income: $null Traditional Rental Income: $1568 Airbnb ROI: N/A Traditional ROI: 4.73%
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: -0.73% Traditional cash on cash: 3.02% Airbnb Rental Income: $764 Traditional Rental Income: $2548 Airbnb ROI: -0.73% Traditional ROI: 3.02%
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.	$189,900	Airbnb cash on cash: -0.69% Traditional cash on cash: 9.04% Airbnb Rental Income: $764 Traditional Rental Income: $2204 Airbnb ROI: -0.69% Traditional ROI: 9.04%
14142 524th Street Centerville, IA Charming Country Brick Ranch on 37.8 Acres, Pond, Outbuilding and Tillable Acres that are ...	3 beds \| 2 baths \| 1,496 sq.ft.	$540,000	Airbnb cash on cash: -0.92% Traditional cash on cash: 2.69% Airbnb Rental Income: $764 Traditional Rental Income: $2266 Airbnb ROI: -0.92% Traditional ROI: 2.69%
19958 Belle Vista Circle Centerville, IA Don't miss this exceptional opportunity to own a new custom-built finished home. Situated ...	3 beds \| 2 baths \| 1,728 sq.ft.	$369,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 5.67% Airbnb Rental Income: $764 Traditional Rental Income: $2437 Airbnb ROI: -0.07% Traditional ROI: 5.67%
801 S Main Street Centerville, IA 801 S Main Street \| Centerville, IA $159,000 \| 2 Bed \| 1 Bath \| 1,100 SF Completely update...	2 beds \| 1 baths \| 1,088 sq.ft.	$149,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.7% Airbnb Rental Income: $null Traditional Rental Income: $1633 Airbnb ROI: N/A Traditional ROI: 9.7%
17407 200Th Avenue Centerville, IA Escape to the perfect blend of comfort and country living with this beautiful 3 bedroom, 2...	3 beds \| 2 baths \| 1,865 sq.ft.	$549,500	Airbnb cash on cash: -1.05% Traditional cash on cash: 2.92% Airbnb Rental Income: $764 Traditional Rental Income: $2490 Airbnb ROI: -1.05% Traditional ROI: 2.92%
2068 Golfview Circle Centerville, IA Welcome home! This well-maintained 4 bedroom, 3 bathroom home offers the perfect blend of ...	4 beds \| 3 baths \| 1,433 sq.ft.	$245,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.01% Airbnb Rental Income: $null Traditional Rental Income: $2395 Airbnb ROI: N/A Traditional ROI: 7.01%
20073 200Th Avenue Centerville, IA Discover the perfect blend of privacy, productivity and country charm with this beautiful ...	3 beds \| 2 baths \| 1,288 sq.ft.	$525,000	Airbnb cash on cash: -0.75% Traditional cash on cash: 2.38% Airbnb Rental Income: $764 Traditional Rental Income: $1980 Airbnb ROI: -0.75% Traditional ROI: 2.38%
18745 Highway J46 Centerville, IA Charming 2-bedroom, 1-bath home situated on just under an acre in a peaceful rural setting...	2 beds \| 1 baths \| 1,232 sq.ft.	$184,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.41% Airbnb Rental Income: $null Traditional Rental Income: $1685 Airbnb ROI: N/A Traditional ROI: 7.41%
1129 N Park Avenue Centerville, IA Check out this move-in ready, charming ranch home offers comfort, space, and peaceful surr...	3 beds \| 2 baths \| 1,151 sq.ft.	$165,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 9.32% Airbnb Rental Income: $764 Traditional Rental Income: $1906 Airbnb ROI: 0.06% Traditional ROI: 9.32%
19995 Bella Vista Circle Centerville, IA Stunning executive home is on the market! This gorgeous 3-bedroom, 3-bath home offers appr...	3 beds \| 3 baths \| 3,708 sq.ft.	$539,000	Airbnb cash on cash: -1.62% Traditional cash on cash: 2.86% Airbnb Rental Income: $764 Traditional Rental Income: $2707 Airbnb ROI: -1.62% Traditional ROI: 2.86%
2808 Eastridge Drive Centerville, IA Welcome to this charming 3-bedroom, 1-bath ranch-style home featuring a spacious layout an...	3 beds \| 1 baths \| 1,296 sq.ft.	$129,500	Airbnb cash on cash: 0.35% Traditional cash on cash: 11.16% Airbnb Rental Income: $764 Traditional Rental Income: $1794 Airbnb ROI: 0.35% Traditional ROI: 11.16%
20358 E Terra Vista Centerville, IA This beautifully maintained 4-bedroom, 3-bath home sits on over an acre of land, complete ...	4 beds \| 3 baths \| 2,100 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.75% Airbnb Rental Income: $null Traditional Rental Income: $2940 Airbnb ROI: N/A Traditional ROI: 8.75%
23873 160Th Avenue Centerville, IA Rural living at its best! Enjoy this 3-bedroom, 1.5-bath thoughtfully updated split-level ...	3 beds \| 2 baths \| 2,403 sq.ft.	$299,500	Airbnb cash on cash: -0.52% Traditional cash on cash: 6.52% Airbnb Rental Income: $764 Traditional Rental Income: $2432 Airbnb ROI: -0.52% Traditional ROI: 6.52%
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: N/A Traditional cash on cash: 6.64% Airbnb Rental Income: $null Traditional Rental Income: $2200 Airbnb ROI: N/A Traditional ROI: 6.64%
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.	$319,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 4.25% Airbnb Rental Income: $764 Traditional Rental Income: $1894 Airbnb ROI: -0.57% Traditional ROI: 4.25%
22966 458Th Street Centerville, IA Charming Country Retreat on 24.12+/- Acres - Ponds, Outbuildings & Move-In Ready! Escape t...	3 beds \| 2 baths \| 1,520 sq.ft.	$409,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 4.28% Airbnb Rental Income: $764 Traditional Rental Income: $2303 Airbnb ROI: -0.56% Traditional ROI: 4.28%
1227 W Washington Street Centerville, IA Welcome home! This well-maintained 3-bedroom, 2-bath home built in 2017 offers modern comf...	3 beds \| 2 baths \| 1,344 sq.ft.	$229,600	Airbnb cash on cash: -0.83% Traditional cash on cash: 6.94% Airbnb Rental Income: $764 Traditional Rental Income: $2135 Airbnb ROI: -0.83% Traditional ROI: 6.94%
815 E Cross Street Centerville, IA Well-maintained and move-in ready, this inviting ranch home offers the perfect blend of co...	3 beds \| 2 baths \| 1,151 sq.ft.	$164,900	Airbnb cash on cash: -0.81% Traditional cash on cash: 8.4% Airbnb Rental Income: $764 Traditional Rental Income: $1896 Airbnb ROI: -0.81% Traditional ROI: 8.4%

Real Estate investment in Centerville, IA

There are 34 properties for sale in the city of Centerville . The median list price in Centerville is $233,550 and the average price per square foot is $147. In May 2026, the average monthly cash on cash return in Centerville is 8.00%. The average monthly rental income in Centerville is $1,980.

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

There are 34 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 $764.

Your search for investment property begins and ends here

Investment Property for Sale in Centerville, IA

307 E Orchard

Centerville, IA

2 beds | 1 baths | 868 sq.ft.

$118,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.11%

Airbnb Rental Income: $null

Traditional Rental Income: $1425

Airbnb ROI: N/A

Traditional ROI: 10.11%

1006 N 14th Street

Centerville, IA

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

$249,900

Airbnb cash on cash: -0.69%

Traditional cash on cash: 6.48%

Airbnb Rental Income: $764

Traditional Rental Income: $2140

Airbnb ROI: -0.69%

Traditional ROI: 6.48%

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%

1516 N 14th Street

Centerville, IA

3 beds | 1 baths | 1,308 sq.ft.

$192,500

Airbnb cash on cash: -0.47%

Traditional cash on cash: 2.95%

Airbnb Rental Income: $764

Traditional Rental Income: $1073

Airbnb ROI: -0.47%

Traditional ROI: 2.95%

1617 S 15Th Street

Centerville, IA

2 beds | 2 baths | 1,752 sq.ft.

$237,500

Airbnb cash on cash: N/A

Traditional cash on cash: 7.77%

Airbnb Rental Income: $null

Traditional Rental Income: $2481

Airbnb ROI: N/A

Traditional ROI: 7.77%

700 Drake Avenue

Centerville, IA

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

$229,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.22%

Airbnb Rental Income: $null

Traditional Rental Income: $2444

Airbnb ROI: N/A

Traditional ROI: 8.22%

517 W State

Centerville, IA

3 beds | 2 baths | 1,786 sq.ft.

$149,900

Airbnb cash on cash: -0.06%

Traditional cash on cash: 7.21%

Airbnb Rental Income: $764

Traditional Rental Income: $1490

Airbnb ROI: -0.06%

Traditional ROI: 7.21%

427 E State Street

Centerville, IA

N/A beds | N/A baths | 2,532 sq.ft.

$215,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.08%

Airbnb Rental Income: $null

Traditional Rental Income: $1832

Airbnb ROI: N/A