Real Estate Investment Properties for Sale in Cherokee, IA

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
714 N 11TH ST Cherokee, IA Welcome to this nicely updated 3 bedroom, 1 bath ranch style home, perfectly blending comf...	3 beds \| 1 baths \| 1,056 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.57% Airbnb Rental Income: $null Traditional Rental Income: $1820 Airbnb ROI: N/A Traditional ROI: 9.57%
311 N 11TH ST Cherokee, IA Look at this traditional charm!! Large open front porch, nice deck in the rear of the home...	4 beds \| 2 baths \| 2,255 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.48% Airbnb Rental Income: $null Traditional Rental Income: $1733 Airbnb ROI: N/A Traditional ROI: 4.48%
519 N 9th St Cherokee, IA Step into this charming two-story home featuring beautiful oak kitchen cabinets paired wit...	3 beds \| 1 baths \| 1,476 sq.ft.	$174,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.27% Airbnb Rental Income: $null Traditional Rental Income: $973 Airbnb ROI: N/A Traditional ROI: 3.27%
222 & 224 W Elm Street Cherokee, IA GREAT FOR INVESTMENT PROPERTY!!!! This is a duplex with one unit on main floor and one on ...	N/A beds \| N/A baths \| 1,952 sq.ft.	$150,000	Airbnb cash on cash: 3.82% Traditional cash on cash: 5.14% Airbnb Rental Income: $1223 Traditional Rental Income: $1020 Airbnb ROI: 3.82% Traditional ROI: 5.14%
309 N 11TH ST Cherokee, IA	2 beds \| 1 baths \| 1,488 sq.ft.	$164,900	Airbnb cash on cash: 3.96% Traditional cash on cash: 9.24% Airbnb Rental Income: $1412 Traditional Rental Income: $1817 Airbnb ROI: 3.96% Traditional ROI: 9.24%
888 ASTER DR Cherokee, IA Tired of damp basements? Have you ever considered a Pad Home? These homes are constructe...	3 beds \| 2 baths \| 1,247 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.33% Airbnb Rental Income: $null Traditional Rental Income: $2314 Airbnb ROI: N/A Traditional ROI: 8.33%
5065 HIGHWAY 3 Cherokee, IA LOCATION LOCATION LOCATION!!! This beautiful ranch style home sits on 3.42 acres of groun...	3 beds \| 3 baths \| 3,143 sq.ft.	$449,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.56% Airbnb Rental Income: $null Traditional Rental Income: $2824 Airbnb ROI: N/A Traditional ROI: 4.56%
505 N CRAIG DR Cherokee, IA Welcome to this spacious ranch-style home located in the highly desirable Ament Addition o...	4 beds \| 3 baths \| 2,565 sq.ft.	$234,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.84% Airbnb Rental Income: $null Traditional Rental Income: $2879 Airbnb ROI: N/A Traditional ROI: 9.84%
524 W Elm St Cherokee, IA Looking for a completely remodeled 1.5 story, 3 bedroom place to call home? Have a look at...	3 beds \| 2 baths \| 1,890 sq.ft.	$259,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.82% Airbnb Rental Income: $null Traditional Rental Income: $2337 Airbnb ROI: N/A Traditional ROI: 7.82%
544 Park Ave Cherokee, IA This is a pretty home on a pretty lot. The home is located in a popular neighborhood. It...	3 beds \| 2 baths \| 1,620 sq.ft.	$168,500	Airbnb cash on cash: N/A Traditional cash on cash: 11.09% Airbnb Rental Income: $null Traditional Rental Income: $2176 Airbnb ROI: N/A Traditional ROI: 11.09%
1104 W CEDAR ST Cherokee, IA Charming Victorian Revival with Craftsman Touches â Completely Reimagined!! Step into t...	4 beds \| 3 baths \| 2,596 sq.ft.	$284,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.17% Airbnb Rental Income: $null Traditional Rental Income: $2873 Airbnb ROI: N/A Traditional ROI: 9.17%
919 W Cherry St Cherokee, IA This large home 4 bedroom, 1 bath home has great potential for the buyer!! The main floor ...	4 beds \| 1 baths \| 2,072 sq.ft.	$177,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.49% Airbnb Rental Income: $null Traditional Rental Income: $1919 Airbnb ROI: N/A Traditional ROI: 8.49%
932 Hill Street Cherokee, IA Going, Going, Going to be gone quick!! Don't miss out on this updated cottage style home. ...	3 beds \| 1 baths \| 1,567 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.5% Airbnb Rental Income: $null Traditional Rental Income: $1766 Airbnb ROI: N/A Traditional ROI: 8.5%
865 Aster Dr Cherokee, IA Stunning New Home by Local Builders â A Perfect Blend of Comfort and Style!! Welcome...	4 beds \| 4 baths \| 2,335 sq.ft.	$439,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.5% Airbnb Rental Income: $null Traditional Rental Income: $3197 Airbnb ROI: N/A Traditional ROI: 6.5%
1002 Rock Island Cherokee, IA Looking for a nice Cozy Place to call Home? Take a look at this Clean 2 bedrooms, Full ba...	2 beds \| 1 baths \| 768 sq.ft.	$119,500	Airbnb cash on cash: 5.81% Traditional cash on cash: 10.95% Airbnb Rental Income: $1412 Traditional Rental Income: $1580 Airbnb ROI: 5.81% Traditional ROI: 10.95%

Real Estate investment in Cherokee, IA

There are 15 properties for sale in the city of Cherokee . The median list price in Cherokee is $174,000 and the average price per square foot is $93. In September 2025, the average monthly cash on cash return in Cherokee is 9.00%. The average monthly rental income in Cherokee is $2,218.

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

There are 15 investment properties available for sale in Cherokee.

In 2025, the best neighborhood to buy investment property is Cherokee.

The ROI for Long-Term is higher than the Short-Term in Cherokee with average rental income of $2,218.

Your search for investment property begins and ends here

Investment Property for Sale in Cherokee, IA

714 N 11TH ST

Cherokee, IA

3 beds | 1 baths | 1,056 sq.ft.

$159,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.57%

Airbnb Rental Income: $null

Traditional Rental Income: $1820

Airbnb ROI: N/A

Traditional ROI: 9.57%

311 N 11TH ST

Cherokee, IA

4 beds | 2 baths | 2,255 sq.ft.

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.48%

Airbnb Rental Income: $null

Traditional Rental Income: $1733

Airbnb ROI: N/A

Traditional ROI: 4.48%

519 N 9th St

Cherokee, IA

3 beds | 1 baths | 1,476 sq.ft.

$174,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.27%

Airbnb Rental Income: $null

Traditional Rental Income: $973

Airbnb ROI: N/A

Traditional ROI: 3.27%

222 & 224 W Elm Street

Cherokee, IA

N/A beds | N/A baths | 1,952 sq.ft.

$150,000

Airbnb cash on cash: 3.82%

Traditional cash on cash: 5.14%

Airbnb Rental Income: $1223

Traditional Rental Income: $1020

Airbnb ROI: 3.82%

Traditional ROI: 5.14%

309 N 11TH ST

Cherokee, IA

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

$164,900

Airbnb cash on cash: 3.96%

Traditional cash on cash: 9.24%

Airbnb Rental Income: $1412

Traditional Rental Income: $1817

Airbnb ROI: 3.96%

Traditional ROI: 9.24%

888 ASTER DR

Cherokee, IA

3 beds | 2 baths | 1,247 sq.ft.

$249,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.33%

Airbnb Rental Income: $null

Traditional Rental Income: $2314

Airbnb ROI: N/A

Traditional ROI: 8.33%

5065 HIGHWAY 3

Cherokee, IA

3 beds | 3 baths | 3,143 sq.ft.

$449,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.56%

Airbnb Rental Income: $null

Traditional Rental Income: $2824

Airbnb ROI: N/A

Traditional ROI: 4.56%

505 N CRAIG DR

Cherokee, IA

4 beds | 3 baths | 2,565 sq.ft.

$234,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.84%

Airbnb Rental Income: $null

Traditional Rental Income: $2879

Airbnb ROI: N/A