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
506 ASH ST Cherokee, IA Charming 1956 home blending midcentury character with modern convenience. Highlights inclu...	4 beds \| 2 baths \| 3,152 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.33% Airbnb Rental Income: $null Traditional Rental Income: $2702 Airbnb ROI: N/A Traditional ROI: 9.33%
924 W BLUFF ST Cherokee, IA This charming 1959 ranch-style home offers the perfect blend of classic design and modern ...	4 beds \| 3 baths \| 1,877 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.08% Airbnb Rental Income: $null Traditional Rental Income: $2871 Airbnb ROI: N/A Traditional ROI: 8.08%
311 N 11TH ST Cherokee, IA Step into this beautifully maintained two-story home where timeless character meets modern...	4 beds \| 2 baths \| 2,255 sq.ft.	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.72% Airbnb Rental Income: $null Traditional Rental Income: $1733 Airbnb ROI: N/A Traditional ROI: 4.72%
222 & 224 W Elm Street Cherokee, IA GREAT FOR INVESTMENT PROPERTY!!!! This is a duplex with one unit on main floor and one on ...	2 beds \| 2 baths \| 1,952 sq.ft.	$140,000	Airbnb cash on cash: 5.36% Traditional cash on cash: 5.56% Airbnb Rental Income: $1418 Traditional Rental Income: $1020 Airbnb ROI: 5.36% Traditional ROI: 5.56%
1306 Greta St Cherokee, IA This is a very nice 3 bedroom 2 bath condo with over 1500 sq. ft of living space. The kitc...	3 beds \| 2 baths \| 1,512 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.34% Airbnb Rental Income: $null Traditional Rental Income: $1968 Airbnb ROI: N/A Traditional ROI: 7.34%
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.	$219,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.02% Airbnb Rental Income: $null Traditional Rental Income: $2337 Airbnb ROI: N/A Traditional ROI: 9.02%
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.	$149,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.25% Airbnb Rental Income: $null Traditional Rental Income: $1919 Airbnb ROI: N/A Traditional ROI: 10.25%
6 W Bow Drive Cherokee, IA 6 W Bow Dr has been cared for by the same family for decades. They have lovingly taken car...	3 beds \| 2 baths \| 1,320 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.41% Airbnb Rental Income: $null Traditional Rental Income: $2235 Airbnb ROI: N/A Traditional ROI: 9.41%
413 W CEDAR ST Cherokee, IA Step into the perfect blend of timeless character and modern comfort with this beautifully...	3 beds \| 2 baths \| 1,390 sq.ft.	$237,000	Airbnb cash on cash: N/A Traditional cash on cash: 8% Airbnb Rental Income: $null Traditional Rental Income: $2162 Airbnb ROI: N/A Traditional ROI: 8%
1885 Hwy 3 Cherokee, IA Have you ever wanted to live in the country? Well this is your chance. This home is locate...	2 beds \| 2 baths \| 2,016 sq.ft.	$290,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 6.57% Airbnb Rental Income: $1418 Traditional Rental Income: $2350 Airbnb ROI: 1.6% Traditional ROI: 6.57%
1310 Greta St Cherokee, IA This is a 2 bedroom, 2 bath condo unit in very nice condition. The main bedroom has a walk...	2 beds \| 2 baths \| 1,512 sq.ft.	$199,900	Airbnb cash on cash: 1.24% Traditional cash on cash: 6.85% Airbnb Rental Income: $1418 Traditional Rental Income: $2058 Airbnb ROI: 1.24% Traditional ROI: 6.85%
618 W CHERRY ST Cherokee, IA The character of this 1918 home blends timeless craftsmanship with generous living space a...	5 beds \| 3 baths \| 3,478 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.36% Airbnb Rental Income: $null Traditional Rental Income: $3323 Airbnb ROI: N/A Traditional ROI: 7.36%
416 W CHERRY ST Cherokee, IA This three to four bedroom home has been nicely updated. Boasting new kitchen cabinets, an...	4 beds \| 2 baths \| 1,532 sq.ft.	$167,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.81% Airbnb Rental Income: $null Traditional Rental Income: $2112 Airbnb ROI: N/A Traditional ROI: 10.81%
128 SPRUCE ST Cherokee, IA Completely renovated and move~in ready, this beautifully updated 2~story home at 128 E Spr...	4 beds \| 2 baths \| 1,436 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.09% Airbnb Rental Income: $null Traditional Rental Income: $2163 Airbnb ROI: N/A Traditional ROI: 10.09%
1200 IOWA ST Cherokee, IA A spacious ranch-style home offering over 5,500 square feet of living space on a rare 1.57...	5 beds \| 3 baths \| 5,528 sq.ft.	$569,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.83% Airbnb Rental Income: $null Traditional Rental Income: $2834 Airbnb ROI: N/A Traditional ROI: 2.83%
110 UNION ST Cherokee, IA Completely renovated and fully furnished, endless possibilities await in this unique prope...	3 beds \| 3 baths \| 2,916 sq.ft.	$197,500	Airbnb cash on cash: N/A Traditional cash on cash: 10.32% Airbnb Rental Income: $null Traditional Rental Income: $2240 Airbnb ROI: N/A Traditional ROI: 10.32%
401 CENTENNIAL DR Cherokee, IA Welcome to a home where pride of ownership shines from the moment you arrive!! This beauti...	2 beds \| 4 baths \| 2,832 sq.ft.	$410,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 4.81% Airbnb Rental Income: $1418 Traditional Rental Income: $2670 Airbnb ROI: 0.44% Traditional ROI: 4.81%
308 Centennial Drive Cherokee, IA This well-maintained ranch home offers comfortable living with 4 bedrooms and 2 1/2 baths,...	4 beds \| 2 baths \| 2,040 sq.ft.	$264,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.58% Airbnb Rental Income: $null Traditional Rental Income: $2491 Airbnb ROI: N/A Traditional ROI: 7.58%
108 Chief St Cherokee, IA Enjoy the convenience of condo living with no HOA fees in this spacious 2-bedroom duplex c...	2 beds \| 3 baths \| 2,389 sq.ft.	$250,000	Airbnb cash on cash: 1.43% Traditional cash on cash: 8.06% Airbnb Rental Income: $1418 Traditional Rental Income: $2559 Airbnb ROI: 1.43% Traditional ROI: 8.06%
512 E Spruce St Cherokee, IA Charming and well-maintained 2-bedroom, 1.5-bath single-story home offering comfort, conve...	2 beds \| 1 baths \| 888 sq.ft.	$127,500	Airbnb cash on cash: 5.42% Traditional cash on cash: 10.06% Airbnb Rental Income: $1418 Traditional Rental Income: $1562 Airbnb ROI: 5.42% Traditional ROI: 10.06%
5218 CREST DR Cherokee, IA This sprawling ranch~style home on 2.3 acres with a walk~out basement - updated main~floor...	4 beds \| 3 baths \| 2,790 sq.ft.	$447,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.2% Airbnb Rental Income: $null Traditional Rental Income: $3059 Airbnb ROI: N/A Traditional ROI: 5.2%
1009 ROCK ISLAND AVE Cherokee, IA 1009 Rock Island Ave. - Cherokee, IA Looking for an affordable home with many of the big~t...	3 beds \| 1 baths \| 1,084 sq.ft.	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.39% Airbnb Rental Income: $null Traditional Rental Income: $1732 Airbnb ROI: N/A Traditional ROI: 11.39%

Real Estate investment in Cherokee, IA

There are 22 properties for sale in the city of Cherokee . The median list price in Cherokee is $139,916 and the average price per square foot is $69. In August 2026, the average monthly cash on cash return in Cherokee is 9.00%. The average monthly rental income in Cherokee is $2,231.

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

There are 22 investment properties available for sale in Cherokee.

In 2026, 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 $2,231.

Your search for investment property begins and ends here

Investment Property for Sale in Cherokee, IA

506 ASH ST

Cherokee, IA

4 beds | 2 baths | 3,152 sq.ft.

$235,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.33%

Airbnb Rental Income: $null

Traditional Rental Income: $2702

Airbnb ROI: N/A

Traditional ROI: 9.33%

924 W BLUFF ST

Cherokee, IA

4 beds | 3 baths | 1,877 sq.ft.

$285,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.08%

Airbnb Rental Income: $null

Traditional Rental Income: $2871

Airbnb ROI: N/A

Traditional ROI: 8.08%

311 N 11TH ST

Cherokee, IA

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

$239,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.72%

Airbnb Rental Income: $null

Traditional Rental Income: $1733

Airbnb ROI: N/A

Traditional ROI: 4.72%

222 & 224 W Elm Street

Cherokee, IA

2 beds | 2 baths | 1,952 sq.ft.

$140,000

Airbnb cash on cash: 5.36%

Traditional cash on cash: 5.56%

Airbnb Rental Income: $1418

Traditional Rental Income: $1020

Airbnb ROI: 5.36%

Traditional ROI: 5.56%

1306 Greta St

Cherokee, IA

3 beds | 2 baths | 1,512 sq.ft.

$175,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.34%

Airbnb Rental Income: $null

Traditional Rental Income: $1968

Airbnb ROI: N/A

Traditional ROI: 7.34%

524 W Elm St

Cherokee, IA

3 beds | 2 baths | 1,890 sq.ft.

$219,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.02%

Airbnb Rental Income: $null

Traditional Rental Income: $2337

Airbnb ROI: N/A

Traditional ROI: 9.02%

919 W Cherry St

Cherokee, IA

4 beds | 1 baths | 2,072 sq.ft.

$149,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.25%

Airbnb Rental Income: $null

Traditional Rental Income: $1919

Airbnb ROI: N/A

Traditional ROI: 10.25%

6 W Bow Drive

Cherokee, IA

3 beds | 2 baths | 1,320 sq.ft.

$195,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.41%

Airbnb Rental Income: $null

Traditional Rental Income: $2235

Airbnb ROI: N/A