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
2000 Quail Ridge Centerville, IA BACK ON MARKET! NEW UPGRADES: include a NEW roof, NEW siding, NEW central air system, NE...	4 beds \| 3 baths \| 1,604 sq.ft.	$242,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.16% Airbnb Rental Income: $null Traditional Rental Income: $2610 Airbnb ROI: N/A Traditional ROI: 8.16%
1701 N 14Th Street Centerville, IA NOW OFFERING HOUSE WITH 32 ACRES! Executive-Style Country Home and hunting property! This...	4 beds \| 4 baths \| 4,176 sq.ft.	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.63% Airbnb Rental Income: $null Traditional Rental Income: $3942 Airbnb ROI: N/A Traditional ROI: 4.63%
2003 Drake Avenue Centerville, IA Brand new home! You will love this beautiful new home built by Indian Hills! This home fea...	3 beds \| 2 baths \| 1,897 sq.ft.	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.53% Airbnb Rental Income: $null Traditional Rental Income: $2637 Airbnb ROI: N/A Traditional ROI: 7.53%
1617 S 15th Street Centerville, IA Charming One-Level Ranch with Modern Upgrades. This spacious one-level ranch offers easy...	2 beds \| 3 baths \| 1,852 sq.ft.	$249,900	Airbnb cash on cash: -1.07% Traditional cash on cash: 7.36% Airbnb Rental Income: $815 Traditional Rental Income: $2481 Airbnb ROI: -1.07% Traditional ROI: 7.36%
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%
795 W Wall Street Centerville, IA Welcome to this beautifully maintained 4-bedroom, 3-bathroom ranch home located in the hig...	4 beds \| 3 baths \| 2,666 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.29% Airbnb Rental Income: $null Traditional Rental Income: $3130 Airbnb ROI: N/A Traditional ROI: 5.29%
707 Drake Avenue Centerville, IA Step into timeless elegance with this stunning historic manor in Centerville, Iowa! Blendi...	4 beds \| 4 baths \| 3,956 sq.ft.	$399,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.14% Airbnb Rental Income: $null Traditional Rental Income: $4163 Airbnb ROI: N/A Traditional ROI: 7.14%
837 S 15Th Street Centerville, IA SOLAR PANELS COME WITH HOME! ASK ABOUT THE MONTHLY SAVINGS! This charming 2-bedroom, 1-bat...	2 beds \| 1 baths \| 828 sq.ft.	$110,000	Airbnb cash on cash: 1.88% Traditional cash on cash: 11.62% Airbnb Rental Income: $815 Traditional Rental Income: $1528 Airbnb ROI: 1.88% Traditional ROI: 11.62%
1010 W Washington Street Centerville, IA Welcome to this beautifully maintained 2-bedroom, 3-bath ranch-style home, built in 2021 a...	2 beds \| 3 baths \| 1,088 sq.ft.	$259,500	Airbnb cash on cash: -0.92% Traditional cash on cash: 6.07% Airbnb Rental Income: $815 Traditional Rental Income: $2200 Airbnb ROI: -0.92% Traditional ROI: 6.07%
911 S 20Th Street Centerville, IA Welcome to this beautifully updated 4-bedroom, 3-bath home situated on a spacious corner l...	4 beds \| 3 baths \| 1,824 sq.ft.	$254,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.21% Airbnb Rental Income: $null Traditional Rental Income: $2682 Airbnb ROI: N/A Traditional ROI: 8.21%
17889 201St Avenue Centerville, IA If you're dreaming of a cozy country home, this gem might just steal your heart! Nestled o...	5 beds \| 2 baths \| 2,581 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.62% Airbnb Rental Income: $null Traditional Rental Income: $2796 Airbnb ROI: N/A Traditional ROI: 8.62%
19229 Highway 5 Centerville, IA Step into luxury with this exquisite fully remodeled brick home. Enjoy oversized bedrooms...	4 beds \| 2 baths \| 2,752 sq.ft.	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.63% Airbnb Rental Income: $null Traditional Rental Income: $2725 Airbnb ROI: N/A Traditional ROI: 4.63%
23502 465th Street Centerville, IA Southern Charm Meets Luxury Living â Plantation Estate with Cabana Clubhouse, Guest Apar...	4 beds \| 4 baths \| 3,500 sq.ft.	$875,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.85% Airbnb Rental Income: $null Traditional Rental Income: $3679 Airbnb ROI: N/A Traditional ROI: 2.85%
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.	$137,400	Airbnb cash on cash: N/A Traditional cash on cash: 10.75% Airbnb Rental Income: $null Traditional Rental Income: $1881 Airbnb ROI: N/A Traditional ROI: 10.75%
301 E Fair Centerville, IA This awesome remodeled ranch style home has it all!! Owners have added new floors, dry wa...	3 beds \| 1 baths \| 1,108 sq.ft.	$120,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.54% Airbnb Rental Income: $null Traditional Rental Income: $1074 Airbnb ROI: N/A Traditional ROI: 6.54%
23873 160Th Avenue Centerville, IA Welcome to homestead living with room to roam! Situated on nearly 2.5 acres of beautiful y...	3 beds \| 2 baths \| 2,403 sq.ft.	$358,400	Airbnb cash on cash: N/A Traditional cash on cash: 5.23% Airbnb Rental Income: $null Traditional Rental Income: $2432 Airbnb ROI: N/A Traditional ROI: 5.23%
1112 S 16Th Street Centerville, IA Beautifully updated 3-bedroom, 2-bath home with a fully fenced backyard and a spacious dec...	3 beds \| 2 baths \| 1,568 sq.ft.	$184,500	Airbnb cash on cash: N/A Traditional cash on cash: 10.6% Airbnb Rental Income: $null Traditional Rental Income: $2283 Airbnb ROI: N/A Traditional ROI: 10.6%
833 S Park Ave Centerville, IA MOTIVATED SELLER! Location & storage in a home is a must see. This house has it all. 3-bed...	3 beds \| 3 baths \| 1,684 sq.ft.	$182,770	Airbnb cash on cash: N/A Traditional cash on cash: 11.77% Airbnb Rental Income: $null Traditional Rental Income: $2639 Airbnb ROI: N/A Traditional ROI: 11.77%
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.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.98% Airbnb Rental Income: $null Traditional Rental Income: $2629 Airbnb ROI: N/A Traditional ROI: 6.98%
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.	$239,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 7.85% Airbnb Rental Income: $815 Traditional Rental Income: $2444 Airbnb ROI: -0.8% Traditional ROI: 7.85%
902 E Washington Street Centerville, IA Stunning 3-Bedroom, 2-Bath Modern Home, Approximately 2,112 sq. ft. â Fully Remodeled &...	3 beds \| 2 baths \| 2,112 sq.ft.	$360,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.51% Airbnb Rental Income: $null Traditional Rental Income: $1579 Airbnb ROI: N/A Traditional ROI: 2.51%
800 Drake Avenue Centerville, IA Step Into a Piece of Centerville History â The âJ.J. Franklin Homeâ Take a step int...	3 beds \| 2 baths \| 2,336 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.3% Airbnb Rental Income: $null Traditional Rental Income: $2552 Airbnb ROI: N/A Traditional ROI: 7.3%
500 W Grand Street Centerville, IA Very nice 3 bedroom 1.5 bath home located in the Centerville city park area. This home is ...	3 beds \| 2 baths \| 1,014 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.24% Airbnb Rental Income: $null Traditional Rental Income: $1874 Airbnb ROI: N/A Traditional ROI: 6.24%
501 E Fair Street Centerville, IA 5-bedroom, 2-bath homes are hard to come byâbut we have one just waiting for you! This s...	5 beds \| 2 baths \| 2,356 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.95% Airbnb Rental Income: $null Traditional Rental Income: $2435 Airbnb ROI: N/A Traditional ROI: 8.95%
339 E Madison Street Centerville, IA Welcome to this spacious 3-bedroom, 2-bath ranch-style home situated on a desirable corner...	3 beds \| 2 baths \| 1,248 sq.ft.	$184,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.84% Airbnb Rental Income: $null Traditional Rental Income: $2040 Airbnb ROI: N/A Traditional ROI: 8.84%
16500 213Th Avenue Centerville, IA Paradise Found! Rustic Log Cabin Home on 15+ Acres Near Rathbun Lake Welcome to your pri...	3 beds \| 2 baths \| 1,680 sq.ft.	$405,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.4% Airbnb Rental Income: $null Traditional Rental Income: $2463 Airbnb ROI: N/A Traditional ROI: 4.4%
19238 Highway 2 Centerville, IA Impressive, remodeled house on 2.9 acres m/l close to Lake Rathbun!! This amazing acreage...	4 beds \| 3 baths \| 2,252 sq.ft.	$324,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.91% Airbnb Rental Income: $null Traditional Rental Income: $3481 Airbnb ROI: N/A Traditional ROI: 8.91%

Real Estate investment in Centerville, IA

There are 27 properties for sale in the city of Centerville . The median list price in Centerville is $149,900 and the average price per square foot is $86. In September 2025, the average monthly cash on cash return in Centerville is 12.00%. The average monthly rental income in Centerville is $2,039.

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

There are 27 investment properties available for sale in Centerville.

In 2025, 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 $815.

Your search for investment property begins and ends here

Investment Property for Sale in Centerville, IA

2000 Quail Ridge

Centerville, IA

4 beds | 3 baths | 1,604 sq.ft.

$242,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.16%

Airbnb Rental Income: $null

Traditional Rental Income: $2610

Airbnb ROI: N/A

Traditional ROI: 8.16%

1701 N 14Th Street

Centerville, IA

4 beds | 4 baths | 4,176 sq.ft.

$625,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.63%

Airbnb Rental Income: $null

Traditional Rental Income: $3942

Airbnb ROI: N/A

Traditional ROI: 4.63%

2003 Drake Avenue

Centerville, IA

3 beds | 2 baths | 1,897 sq.ft.

$315,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.53%

Airbnb Rental Income: $null

Traditional Rental Income: $2637

Airbnb ROI: N/A

Traditional ROI: 7.53%

1617 S 15th Street

Centerville, IA

2 beds | 3 baths | 1,852 sq.ft.

$249,900

Airbnb cash on cash: -1.07%

Traditional cash on cash: 7.36%

Airbnb Rental Income: $815

Traditional Rental Income: $2481

Airbnb ROI: -1.07%

Traditional ROI: 7.36%

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%

795 W Wall Street

Centerville, IA

4 beds | 3 baths | 2,666 sq.ft.

$385,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.29%

Airbnb Rental Income: $null

Traditional Rental Income: $3130

Airbnb ROI: N/A

Traditional ROI: 5.29%

707 Drake Avenue

Centerville, IA

4 beds | 4 baths | 3,956 sq.ft.

$399,500

Airbnb cash on cash: N/A

Traditional cash on cash: 7.14%

Airbnb Rental Income: $null

Traditional Rental Income: $4163

Airbnb ROI: N/A

Traditional ROI: 7.14%

837 S 15Th Street

Centerville, IA

2 beds | 1 baths | 828 sq.ft.

$110,000

Airbnb cash on cash: 1.88%

Traditional cash on cash: 11.62%

Airbnb Rental Income: $815

Traditional Rental Income: $1528

Airbnb ROI: 1.88%