Real Estate Investment Properties for Sale in Decorah, IA

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
417 Highland Drive Decorah, IA Enjoy easy living in this condo currently under construction in Decorah's newest subdivisi...	2 beds \| 2 baths \| 1,497 sq.ft.	$460,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 3.49% Airbnb Rental Income: $1551 Traditional Rental Income: $2698 Airbnb ROI: -0.21% Traditional ROI: 3.49%
415 Highland Drive Decorah, IA Taking Backups, call Agent. Enjoy easy living in this condo currently under construction i...	2 beds \| N/A baths \| 1,497 sq.ft.	$465,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 2.92% Airbnb Rental Income: $1551 Traditional Rental Income: $2475 Airbnb ROI: -0.23% Traditional ROI: 2.92%
607 North Street Decorah, IA âTaking Backups, Call AgentâCharming 4-Bedroom, 4-Bath Home Near Luther College Welcom...	4 beds \| 4 baths \| 3,657 sq.ft.	$435,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 7.57% Airbnb Rental Income: $2313 Traditional Rental Income: $4212 Airbnb ROI: 1.49% Traditional ROI: 7.57%
104 Highland Drive #3 Decorah, IA This beautifully designed condo offers a seamless blend of modern luxury and functional li...	2 beds \| 2 baths \| 1,575 sq.ft.	$394,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 5.32% Airbnb Rental Income: $1551 Traditional Rental Income: $2635 Airbnb ROI: 1.17% Traditional ROI: 5.32%
309 Upper Broadway Street Decorah, IA Set on nearly an acre and connected to scenic Phelps Park, 309 Upper Broadway is one of De...	4 beds \| 4 baths \| 4,256 sq.ft.	$949,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 2.8% Airbnb Rental Income: $2313 Traditional Rental Income: $4225 Airbnb ROI: -0.02% Traditional ROI: 2.8%
621 North Street Decorah, IA Welcome to 621 North Streetâa beautifully restored 1910 home where historic charm meets ...	4 beds \| 3 baths \| 2,205 sq.ft.	$368,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 6.56% Airbnb Rental Income: $2313 Traditional Rental Income: $3115 Airbnb ROI: 2.58% Traditional ROI: 6.56%
1106 Skyline Dr Drive Decorah, IA This classic two-story, 4-bedroom, 3.5-bath home is nestled in the sought-after Minowa Hei...	4 beds \| 4 baths \| 2,740 sq.ft.	$475,000	Airbnb cash on cash: 1.14% Traditional cash on cash: 5% Airbnb Rental Income: $2313 Traditional Rental Income: $3455 Airbnb ROI: 1.14% Traditional ROI: 5%
1815 Whitetail Road Decorah, IA Looking for privacy without sacrificing proximity? This one-of-a-kind acreage is tucked aw...	4 beds \| 3 baths \| 2,638 sq.ft.	$449,000	Airbnb cash on cash: 1.85% Traditional cash on cash: 5% Airbnb Rental Income: $2313 Traditional Rental Income: $3061 Airbnb ROI: 1.85% Traditional ROI: 5%
402 Mechanic Street Decorah, IA Welcome to 402 Mechanic Street, a unique opportunity just a few blocks from downtown! With...	4 beds \| 3 baths \| 2,687 sq.ft.	$274,000	Airbnb cash on cash: 3.96% Traditional cash on cash: 8.75% Airbnb Rental Income: $2313 Traditional Rental Income: $2977 Airbnb ROI: 3.96% Traditional ROI: 8.75%
2881 Pleasant View Road Decorah, IA Just minutes from Decorah, this unique property offers an ideal blend of natural beauty, i...	5 beds \| 3 baths \| 3,455 sq.ft.	$599,000	Airbnb cash on cash: 3.52% Traditional cash on cash: 3.73% Airbnb Rental Income: $3886 Traditional Rental Income: $3163 Airbnb ROI: 3.52% Traditional ROI: 3.73%
2155 Twin Springs Road Decorah, IA Beautiful Home on 5 Wooded Acres at the Edge of Decorah! Nestled in one of Decorahâs mo...	4 beds \| 3 baths \| 2,585 sq.ft.	$629,000	Airbnb cash on cash: 1.14% Traditional cash on cash: 3.25% Airbnb Rental Income: $2313 Traditional Rental Income: $2978 Airbnb ROI: 1.14% Traditional ROI: 3.25%
1691 Augusta Road Decorah, IA This one-of-a-kind log cabin home rests on 1.74 acres in the Woodland Acres addition near ...	2 beds \| 2 baths \| 1,557 sq.ft.	$329,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 5.26% Airbnb Rental Income: $1551 Traditional Rental Income: $2292 Airbnb ROI: 1.42% Traditional ROI: 5.26%
709 Serenity Court Decorah, IA Stunning Two-Story Condo with Bluff Views and Exceptional Natural Light! This beautifully...	2 beds \| 3 baths \| 1,284 sq.ft.	$322,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 3.58% Airbnb Rental Income: $1551 Traditional Rental Income: $2107 Airbnb ROI: 0.27% Traditional ROI: 3.58%
204 Day Street Decorah, IA Charming 2-Bedroom Home Near Downtown Decorah This delightful 2-bedroom home is convenien...	2 beds \| 1 baths \| 938 sq.ft.	$133,150	Airbnb cash on cash: 5.71% Traditional cash on cash: 8.84% Airbnb Rental Income: $1551 Traditional Rental Income: $1504 Airbnb ROI: 5.71% Traditional ROI: 8.84%
402 E Main Street Decorah, IA Charming and spacious 2-story home just minutes from downtown! Completely remodeled about ...	4 beds \| 2 baths \| 2,305 sq.ft.	$364,000	Airbnb cash on cash: 2.36% Traditional cash on cash: 4.91% Airbnb Rental Income: $2313 Traditional Rental Income: $2607 Airbnb ROI: 2.36% Traditional ROI: 4.91%
301 Leif Erikson Drive Decorah, IA This versatile property offers two spacious units, perfect for owner-occupancy or investme...	4 beds \| 2 baths \| 1,873 sq.ft.	$219,000	Airbnb cash on cash: 5.43% Traditional cash on cash: 9.42% Airbnb Rental Income: $2313 Traditional Rental Income: $2565 Airbnb ROI: 5.43% Traditional ROI: 9.42%
202 W Main Street Decorah, IA Downtown Luxury Meets Small-Town Charm in Vibrant Decorah, Iowa. Check out the virtual tou...	5 beds \| 9 baths \| 7,614 sq.ft.	$2,500,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 1.28% Airbnb Rental Income: $3886 Traditional Rental Income: $6339 Airbnb ROI: -0.14% Traditional ROI: 1.28%
2362 Woodridge Road Decorah, IA Welcome to 2362 Woodridge Road, Decorah, IA Tucked at the end of a peaceful cul-de-sac, th...	4 beds \| 3 baths \| 3,083 sq.ft.	$499,900	Airbnb cash on cash: 1.44% Traditional cash on cash: 4.5% Airbnb Rental Income: $2313 Traditional Rental Income: $3168 Airbnb ROI: 1.44% Traditional ROI: 4.5%
1410 Locust Road Decorah, IA Charming Family Home with Space to Grow â 1410 Locust Rd, Decorah, IA Welcome to this be...	3 beds \| 2 baths \| 1,654 sq.ft.	$269,900	Airbnb cash on cash: 1.52% Traditional cash on cash: 6.73% Airbnb Rental Income: $1444 Traditional Rental Income: $2340 Airbnb ROI: 1.52% Traditional ROI: 6.73%
1690 Old Stage Road Decorah, IA Charming 1890 farmhouse at the base of Freeportâs bluffs on 1.05 acres. This 1Â½-story s...	3 beds \| 1 baths \| 1,484 sq.ft.	$159,000	Airbnb cash on cash: 4.03% Traditional cash on cash: 9.14% Airbnb Rental Income: $1444 Traditional Rental Income: $1791 Airbnb ROI: 4.03% Traditional ROI: 9.14%
725 Ridge Road Decorah, IA Welcome to 725 Ridge Road, Decorah, Iowa! More Photos soon! Nestled in a beautifully wood...	4 beds \| 3 baths \| 2,332 sq.ft.	$324,900	Airbnb cash on cash: 2.85% Traditional cash on cash: 6.65% Airbnb Rental Income: $2313 Traditional Rental Income: $2900 Airbnb ROI: 2.85% Traditional ROI: 6.65%
207 West Street Decorah, IA Move-In Ready Home in a Prime Decorah Location This clean, well-maintained home is ready f...	3 beds \| 2 baths \| 1,941 sq.ft.	$269,900	Airbnb cash on cash: 1.49% Traditional cash on cash: 7.13% Airbnb Rental Income: $1444 Traditional Rental Income: $2450 Airbnb ROI: 1.49% Traditional ROI: 7.13%

Real Estate investment in Decorah, IA

There are 22 properties for sale in the city of Decorah . The median list price in Decorah is $381,000 and the average price per square foot is $153. In September 2025, the average monthly cash on cash return in Decorah is 5.00%. The average monthly rental income in Decorah is $2,799.

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

There are 22 investment properties available for sale in Decorah.

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

The ROI for Long-Term is higher than the Short-Term in Decorah with average rental income of $2,799.

Your search for investment property begins and ends here

Investment Property for Sale in Decorah, IA

417 Highland Drive

Decorah, IA

2 beds | 2 baths | 1,497 sq.ft.

$460,000

Airbnb cash on cash: -0.21%

Traditional cash on cash: 3.49%

Airbnb Rental Income: $1551

Traditional Rental Income: $2698

Airbnb ROI: -0.21%

Traditional ROI: 3.49%

415 Highland Drive

Decorah, IA

2 beds | N/A baths | 1,497 sq.ft.

$465,000

Airbnb cash on cash: -0.23%

Traditional cash on cash: 2.92%

Airbnb Rental Income: $1551

Traditional Rental Income: $2475

Airbnb ROI: -0.23%

Traditional ROI: 2.92%

607 North Street

Decorah, IA

4 beds | 4 baths | 3,657 sq.ft.

$435,000

Airbnb cash on cash: 1.49%

Traditional cash on cash: 7.57%

Airbnb Rental Income: $2313

Traditional Rental Income: $4212

Airbnb ROI: 1.49%

Traditional ROI: 7.57%

104 Highland Drive #3

Decorah, IA

2 beds | 2 baths | 1,575 sq.ft.

$394,000

Airbnb cash on cash: 1.17%

Traditional cash on cash: 5.32%

Airbnb Rental Income: $1551

Traditional Rental Income: $2635

Airbnb ROI: 1.17%

Traditional ROI: 5.32%

309 Upper Broadway Street

Decorah, IA

4 beds | 4 baths | 4,256 sq.ft.

$949,000

Airbnb cash on cash: -0.02%

Traditional cash on cash: 2.8%

Airbnb Rental Income: $2313

Traditional Rental Income: $4225

Airbnb ROI: -0.02%

Traditional ROI: 2.8%

621 North Street

Decorah, IA

4 beds | 3 baths | 2,205 sq.ft.

$368,000

Airbnb cash on cash: 2.58%

Traditional cash on cash: 6.56%

Airbnb Rental Income: $2313

Traditional Rental Income: $3115

Airbnb ROI: 2.58%

Traditional ROI: 6.56%

1106 Skyline Dr Drive

Decorah, IA

4 beds | 4 baths | 2,740 sq.ft.

$475,000

Airbnb cash on cash: 1.14%

Traditional cash on cash: 5%

Airbnb Rental Income: $2313

Traditional Rental Income: $3455

Airbnb ROI: 1.14%

Traditional ROI: 5%

1815 Whitetail Road

Decorah, IA

4 beds | 3 baths | 2,638 sq.ft.

$449,000

Airbnb cash on cash: 1.85%

Traditional cash on cash: 5%

Airbnb Rental Income: $2313

Traditional Rental Income: $3061

Airbnb ROI: 1.85%