Real Estate Investment Properties for Sale in Clear Lake, IA

Looking for investment property in Clear Lake, IA with high ROI ?

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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
417 S 9th Street CLEAR LAKE, IA Ready for a Surprise? That will be your reaction when you step inside this amazingly spaci...	5 beds \| 3 baths \| 1,748 sq.ft.	$313,000	Airbnb cash on cash: 4.61% Traditional cash on cash: 7.56% Airbnb Rental Income: $2694 Traditional Rental Income: $2925 Airbnb ROI: 4.61% Traditional ROI: 7.56%
400 S 9th Street CLEAR LAKE, IA Lots of character in this 3-bedroom brick home, located in downtown Clear Lake! This home...	3 beds \| 2 baths \| 1,641 sq.ft.	$259,000	Airbnb cash on cash: 3.82% Traditional cash on cash: 7.33% Airbnb Rental Income: $2049 Traditional Rental Income: $2376 Airbnb ROI: 3.82% Traditional ROI: 7.33%
1509 Rylea Drive CLEAR LAKE, IA This Home Has It All...Including Motivated Sellers And A Reduced Price! Whether you have a...	4 beds \| 3 baths \| 1,646 sq.ft.	$520,000	Airbnb cash on cash: 1.94% Traditional cash on cash: 3.18% Airbnb Rental Income: $2691 Traditional Rental Income: $2657 Airbnb ROI: 1.94% Traditional ROI: 3.18%
501 N Shore Drive CLEAR LAKE, IA Get in on the action with this great lakefront property close to all that Clear Lake has t...	2 beds \| 3 baths \| 1,997 sq.ft.	$899,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 0% Airbnb Rental Income: $1765 Traditional Rental Income: $1868 Airbnb ROI: -0.7% Traditional ROI: 0%
2101 Main Avenue CLEAR LAKE, IA WOW....what a package! This one has it all ~~ Size, Location & Style. Take time to look at...	4 beds \| 3 baths \| 2,413 sq.ft.	$329,900	Airbnb cash on cash: 4.61% Traditional cash on cash: 7.61% Airbnb Rental Income: $2691 Traditional Rental Income: $2983 Airbnb ROI: 4.61% Traditional ROI: 7.61%
54 Four Winds Drive CLEAR LAKE, IA Ultimate Dream House Vibes with Modern Luxury! Step into this stunning, open-concept home...	4 beds \| 3 baths \| 3,436 sq.ft.	$875,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 1.88% Airbnb Rental Income: $2691 Traditional Rental Income: $3217 Airbnb ROI: 0.45% Traditional ROI: 1.88%
2215 Main Avenue CLEAR LAKE, IA SOLID! ..... and well cared for! The same family has owned this house for 50 YEARS!! Wid...	3 beds \| 2 baths \| 1,796 sq.ft.	$329,900	Airbnb cash on cash: 2.52% Traditional cash on cash: 5.74% Airbnb Rental Income: $2049 Traditional Rental Income: $2518 Airbnb ROI: 2.52% Traditional ROI: 5.74%
1000 1st Ave S CLEAR LAKE, IA Well-maintained and full of potential, this older home in the heart of Clear Lake offers a...	4 beds \| 2 baths \| 2,109 sq.ft.	$274,170	Airbnb cash on cash: 5.97% Traditional cash on cash: 8.42% Airbnb Rental Income: $2691 Traditional Rental Income: $2687 Airbnb ROI: 5.97% Traditional ROI: 8.42%
2400 S Lakeview Drive CLEAR LAKE, IA Beautifully remodeled 3-bedroom 3-bath home across the street from the lake. Gorgeous fini...	3 beds \| 3 baths \| 2,064 sq.ft.	$399,900	Airbnb cash on cash: 1.75% Traditional cash on cash: 5.77% Airbnb Rental Income: $2049 Traditional Rental Income: $3026 Airbnb ROI: 1.75% Traditional ROI: 5.77%
411 Pine Brooke Dr CLEAR LAKE, IA Priced Just Right! Traditional 2 Story located in the Pine Brooke Subdivision of Clear La...	4 beds \| 3 baths \| 2,350 sq.ft.	$365,000	Airbnb cash on cash: 3.45% Traditional cash on cash: 6.23% Airbnb Rental Income: $2691 Traditional Rental Income: $3007 Airbnb ROI: 3.45% Traditional ROI: 6.23%
415 N Shore Drive CLEAR LAKE, IA Great location, a view of the lake, two houses and one of the largest lots(9504 square fee...	3 beds \| 3 baths \| 1,762 sq.ft.	$479,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 4.17% Airbnb Rental Income: $2049 Traditional Rental Income: $2831 Airbnb ROI: 1.24% Traditional ROI: 4.17%
706 7th Avenue N CLEAR LAKE, IA A must see! Tons of old world charm - located just a few blocks from downtown and the Sur...	3 beds \| 2 baths \| 1,540 sq.ft.	$245,900	Airbnb cash on cash: 3.87% Traditional cash on cash: 7.33% Airbnb Rental Income: $2049 Traditional Rental Income: $2322 Airbnb ROI: 3.87% Traditional ROI: 7.33%
713 S 8th Street CLEAR LAKE, IA WELCOME HOME TO CLEAR LAKE! Located just steps from a public access dock, this charming 3-...	3 beds \| 3 baths \| 1,430 sq.ft.	$325,000	Airbnb cash on cash: 2.47% Traditional cash on cash: 6.75% Airbnb Rental Income: $2049 Traditional Rental Income: $2827 Airbnb ROI: 2.47% Traditional ROI: 6.75%
35 Park Lane CLEAR LAKE, IA Welcome home to this beautifully updated 3-bedroom,1-bath ranch, perfectly nestled in a pe...	3 beds \| 1 baths \| 1,056 sq.ft.	$309,000	Airbnb cash on cash: 3.1% Traditional cash on cash: 3.74% Airbnb Rental Income: $2049 Traditional Rental Income: $1706 Airbnb ROI: 3.1% Traditional ROI: 3.74%
703 S 8th Street CLEAR LAKE, IA This charming Clear Lake bungalow is ready for its next chapter! After several successfu...	3 beds \| 2 baths \| 1,417 sq.ft.	$299,900	Airbnb cash on cash: 3% Traditional cash on cash: 3.25% Airbnb Rental Income: $2049 Traditional Rental Income: $1588 Airbnb ROI: 3% Traditional ROI: 3.25%
15257 Pascal Street CLEAR LAKE, IA Nestled just moments from vibrant PM Park and the lively Tiki Bar, this delightful 3-bedro...	3 beds \| 1 baths \| 936 sq.ft.	$400,000	Airbnb cash on cash: 2.14% Traditional cash on cash: 2.44% Airbnb Rental Income: $2049 Traditional Rental Income: $1633 Airbnb ROI: 2.14% Traditional ROI: 2.44%
400 N 5th Street CLEAR LAKE, IA FABULOUS HOME NEAR DOWNTOWN CLEAR LAKE! PREPARE TO FALL IN LOVE WITH THIS ENCHANTING HOME!...	4 beds \| 4 baths \| 3,456 sq.ft.	$459,900	Airbnb cash on cash: 2.69% Traditional cash on cash: 3.72% Airbnb Rental Income: $2691 Traditional Rental Income: $2497 Airbnb ROI: 2.69% Traditional ROI: 3.72%
21 Timberlane Drive CLEAR LAKE, IA Luxurious 5-Bed, 5-Bath Home with Thoughtful Design â Built in 2016 Welcome to this stu...	5 beds \| 5 baths \| 4,415 sq.ft.	$710,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 0.42% Airbnb Rental Income: $2694 Traditional Rental Income: $1844 Airbnb ROI: 0.74% Traditional ROI: 0.42%
202 Glen Oaks Drive CLEAR LAKE, IA Secure your new spacious two bedroom townhome at The Terraces in the private Glen Oaks com...	2 beds \| 2 baths \| 1,733 sq.ft.	$416,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 2.85% Airbnb Rental Income: $1765 Traditional Rental Income: $2526 Airbnb ROI: -0.35% Traditional ROI: 2.85%
203 Glen Oaks Drive CLEAR LAKE, IA Newly completed two bedroom townhome available at The Terraces in the private Glen Oaks co...	2 beds \| 2 baths \| 1,826 sq.ft.	$487,000	Airbnb cash on cash: -0.67% Traditional cash on cash: 2.16% Airbnb Rental Income: $1765 Traditional Rental Income: $2570 Airbnb ROI: -0.67% Traditional ROI: 2.16%
2302 16th Ave N CLEAR LAKE, IA Stunning Brick Home with Sweeping Views on the Northern City Line! This beautifully const...	3 beds \| 3 baths \| 3,324 sq.ft.	$420,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 5.27% Airbnb Rental Income: $2049 Traditional Rental Income: $3019 Airbnb ROI: 1.45% Traditional ROI: 5.27%
109 Stonebrook Ct. CLEAR LAKE, IA Discover luxury in the NEW 2200 sq ft condominiums tailored for professionals, families, r...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 4.43% Airbnb Rental Income: $2049 Traditional Rental Income: $2920 Airbnb ROI: 0.97% Traditional ROI: 4.43%
210 Stonebrook Ct. CLEAR LAKE, IA Discover luxury in the NEW 2200 sq ftcondominiums tailored for professionals, families, re...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 4.43% Airbnb Rental Income: $2049 Traditional Rental Income: $2920 Airbnb ROI: 0.97% Traditional ROI: 4.43%
212 Stonebrook Ct. CLEAR LAKE, IA Discover luxury in the NEW 2200 sq ftcondominiums tailored for professionals, families, re...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 4.43% Airbnb Rental Income: $2049 Traditional Rental Income: $2920 Airbnb ROI: 0.97% Traditional ROI: 4.43%
107 Stonebrook Ct. CLEAR LAKE, IA Discover luxury in the NEW 2200 sq ft condominiums tailored for professionals, families, r...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 4.43% Airbnb Rental Income: $2049 Traditional Rental Income: $2920 Airbnb ROI: 0.97% Traditional ROI: 4.43%
208 Stonebrook Ct. CLEAR LAKE, IA Discover luxury in the NEW 2200 sq ft condominiums tailored for professionals, families, r...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 4.43% Airbnb Rental Income: $2049 Traditional Rental Income: $2920 Airbnb ROI: 0.97% Traditional ROI: 4.43%
206 Stonebrook Ct. CLEAR LAKE, IA Discover luxury in the NEW 2200 sq ft condominiums tailored for professionals, families, r...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 4.43% Airbnb Rental Income: $2049 Traditional Rental Income: $2920 Airbnb ROI: 0.97% Traditional ROI: 4.43%
216 Stonebrook Ct. CLEAR LAKE, IA Discover luxury in the NEW 2200 sq ftcondominiums tailored for professionals, families, re...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 4.43% Airbnb Rental Income: $2049 Traditional Rental Income: $2920 Airbnb ROI: 0.97% Traditional ROI: 4.43%
214 Stonebrook Ct. CLEAR LAKE, IA Discover luxury in the NEW 2200 sq ftcondominiums tailored for professionals, families, re...	3 beds \| 3 baths \| 2,200 sq.ft.	$432,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 4.43% Airbnb Rental Income: $2049 Traditional Rental Income: $2920 Airbnb ROI: 0.97% Traditional ROI: 4.43%
4641 N Shore Drive CLEAR LAKE, IA Beautiful lakefront home sitting on 60â of sandy beach. Enjoy the main level master bedr...	3 beds \| 2 baths \| 2,963 sq.ft.	$1,275,000	Airbnb cash on cash: -0.86% Traditional cash on cash: -0.08% Airbnb Rental Income: $2049 Traditional Rental Income: $2444 Airbnb ROI: -0.86% Traditional ROI: -0.08%
314 27th PL S CLEAR LAKE, IA Welcome to your dream home in a brand new development! This gorgeous zero-entry, two-bedro...	2 beds \| 2 baths \| 1,412 sq.ft.	$425,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 2.68% Airbnb Rental Income: $1765 Traditional Rental Income: $2178 Airbnb ROI: 0.43% Traditional ROI: 2.68%
312 27th Pl S CLEAR LAKE, IA Welcome to your dream home in a brand new development! This gorgeous zero-entry, two-bedro...	2 beds \| 2 baths \| 1,412 sq.ft.	$425,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 2.68% Airbnb Rental Income: $1765 Traditional Rental Income: $2178 Airbnb ROI: 0.43% Traditional ROI: 2.68%
3514 N Shore Dr CLEAR LAKE, IA Luxury living at its best! Ever dream of owning one of the most recognized homes in Clear ...	5 beds \| 3 baths \| 3,141 sq.ft.	$859,900	Airbnb cash on cash: 0.41% Traditional cash on cash: 1.86% Airbnb Rental Income: $2694 Traditional Rental Income: $3220 Airbnb ROI: 0.41% Traditional ROI: 1.86%
300 N 4th Street CLEAR LAKE, IA You may have passed by this beauty before, but you've never seen her like this! All dress...	4 beds \| 2 baths \| 2,672 sq.ft.	$387,500	Airbnb cash on cash: 3.34% Traditional cash on cash: 5.32% Airbnb Rental Income: $2691 Traditional Rental Income: $2773 Airbnb ROI: 3.34% Traditional ROI: 5.32%
118 N 10th Street CLEAR LAKE, IA Centrally Located Home in Clear Lake. If you are looking for a great home that is seemingl...	3 beds \| 2 baths \| 1,616 sq.ft.	$241,000	Airbnb cash on cash: 3.91% Traditional cash on cash: 8.18% Airbnb Rental Income: $2049 Traditional Rental Income: $2492 Airbnb ROI: 3.91% Traditional ROI: 8.18%
2700 N Shore Drive #201 CLEAR LAKE, IA Fully remodeled and furnished condo with breathtaking views of Clear Lake! New cabinetry, ...	1 beds \| 1 baths \| 796 sq.ft.	$199,000	Airbnb cash on cash: 7.09% Traditional cash on cash: 4.93% Airbnb Rental Income: $2390 Traditional Rental Income: $1395 Airbnb ROI: 7.09% Traditional ROI: 4.93%
2700 N Shore Drive #305 CLEAR LAKE, IA Beautifully remodeled condo located at The Harbourage in Clear Lake, Iowa. Breathtaking ha...	1 beds \| 1 baths \| 796 sq.ft.	$204,900	Airbnb cash on cash: 5.63% Traditional cash on cash: 2.95% Airbnb Rental Income: $2390 Traditional Rental Income: $1282 Airbnb ROI: 5.63% Traditional ROI: 2.95%
7021 275TH Way CLEAR LAKE, IA Charming Home on a Half-Acre Garden Oasis Just a mile north of Clear Lake, nestled on a p...	4 beds \| 2 baths \| 1,880 sq.ft.	$267,900	Airbnb cash on cash: 5.79% Traditional cash on cash: 7.93% Airbnb Rental Income: $2691 Traditional Rental Income: $2596 Airbnb ROI: 5.79% Traditional ROI: 7.93%
2700 N Shore Drive #F3-27 CLEAR LAKE, IA A beautiful one-bedroom condo in a great location next to the outdoor pool. It is a nicely...	1 beds \| 1 baths \| 600 sq.ft.	$239,900	Airbnb cash on cash: 5.1% Traditional cash on cash: 2.43% Airbnb Rental Income: $2390 Traditional Rental Income: $1197 Airbnb ROI: 5.1% Traditional ROI: 2.43%
2707 S Lakeview Drive #2707 CLEAR LAKE, IA Enjoy the breathtaking views of Clear Lake from almost anywhere in this home. It has 50' o...	4 beds \| 4 baths \| 3,491 sq.ft.	$1,299,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 0.6% Airbnb Rental Income: $2691 Traditional Rental Income: $3131 Airbnb ROI: -0.3% Traditional ROI: 0.6%

Real Estate investment in Clear-lake, IA

There are 105 properties for sale in the city of Clear Lake . The median list price in Clear Lake is $419,500 and the average price per square foot is $199. In September 2025, the average monthly cash on cash return in Clear Lake is 4.00%. The average monthly rental income in Clear Lake is $2,545.

Clear-lake, IA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 105 investment properties available for sale in Clear-lake.

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

The ROI for Long-Term is higher than the Short-Term in Clear-lake with average rental income of $2,545.

Your search for investment property begins and ends here

Investment Property for Sale in Clear Lake, IA

417 S 9th Street

CLEAR LAKE, IA

5 beds | 3 baths | 1,748 sq.ft.

$313,000

Airbnb cash on cash: 4.61%

Traditional cash on cash: 7.56%

Airbnb Rental Income: $2694

Traditional Rental Income: $2925

Airbnb ROI: 4.61%

Traditional ROI: 7.56%

400 S 9th Street

CLEAR LAKE, IA

3 beds | 2 baths | 1,641 sq.ft.

$259,000

Airbnb cash on cash: 3.82%

Traditional cash on cash: 7.33%

Airbnb Rental Income: $2049

Traditional Rental Income: $2376

Airbnb ROI: 3.82%

Traditional ROI: 7.33%

1509 Rylea Drive

CLEAR LAKE, IA

4 beds | 3 baths | 1,646 sq.ft.

$520,000

Airbnb cash on cash: 1.94%

Traditional cash on cash: 3.18%

Airbnb Rental Income: $2691

Traditional Rental Income: $2657

Airbnb ROI: 1.94%

Traditional ROI: 3.18%

501 N Shore Drive

CLEAR LAKE, IA

2 beds | 3 baths | 1,997 sq.ft.

$899,000

Airbnb cash on cash: -0.7%

Traditional cash on cash: 0%

Airbnb Rental Income: $1765

Traditional Rental Income: $1868

Airbnb ROI: -0.7%

Traditional ROI: 0%

2101 Main Avenue

CLEAR LAKE, IA

4 beds | 3 baths | 2,413 sq.ft.

$329,900

Airbnb cash on cash: 4.61%

Traditional cash on cash: 7.61%

Airbnb Rental Income: $2691

Traditional Rental Income: $2983

Airbnb ROI: 4.61%

Traditional ROI: 7.61%

54 Four Winds Drive

CLEAR LAKE, IA

4 beds | 3 baths | 3,436 sq.ft.

$875,000

Airbnb cash on cash: 0.45%

Traditional cash on cash: 1.88%

Airbnb Rental Income: $2691

Traditional Rental Income: $3217

Airbnb ROI: 0.45%

Traditional ROI: 1.88%

2215 Main Avenue

CLEAR LAKE, IA

3 beds | 2 baths | 1,796 sq.ft.

$329,900

Airbnb cash on cash: 2.52%

Traditional cash on cash: 5.74%

Airbnb Rental Income: $2049

Traditional Rental Income: $2518

Airbnb ROI: 2.52%

Traditional ROI: 5.74%

1000 1st Ave S

CLEAR LAKE, IA

4 beds | 2 baths | 2,109 sq.ft.

$274,170

Airbnb cash on cash: 5.97%

Traditional cash on cash: 8.42%

Airbnb Rental Income: $2691

Traditional Rental Income: $2687

Airbnb ROI: 5.97%