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
2354 Shagbark Lane Rd Decorah, IA Near new, zero-entry condo with two bedrooms; two baths; master suite with custom walk-in ...	2 beds \| 2 baths \| 1,568 sq.ft.	$385,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 5.64% Airbnb Rental Income: $1360 Traditional Rental Income: $2561 Airbnb ROI: 1.17% Traditional ROI: 5.64%
415 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.	$465,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 2.92% Airbnb Rental Income: $1360 Traditional Rental Income: $2475 Airbnb ROI: -0.6% Traditional ROI: 2.92%
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.	$309,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 3.77% Airbnb Rental Income: $1360 Traditional Rental Income: $2107 Airbnb ROI: -0.23% Traditional ROI: 3.77%
2362 Woodridge Rd Decorah, IA Welcome to 2362 Woodridge Road, Decorah, IA Tucked at the end of a peaceful cul-de-sac, th...	4 beds \| 3 baths \| 3,446 sq.ft.	$449,999	Airbnb cash on cash: 0.95% Traditional cash on cash: 5.1% Airbnb Rental Income: $1933 Traditional Rental Income: $3168 Airbnb ROI: 0.95% Traditional ROI: 5.1%
725 Ridge Road Decorah, IA Welcome to 725 Ridge Road, Decorah, Iowa! Nestled in a beautifully wooded setting near Lut...	4 beds \| 3 baths \| 2,332 sq.ft.	$299,900	Airbnb cash on cash: 2.04% Traditional cash on cash: 7.28% Airbnb Rental Income: $1933 Traditional Rental Income: $2900 Airbnb ROI: 2.04% Traditional ROI: 7.28%
2362 Woodridge Decorah, IA Welcome to Your Peaceful Retreat in the Rolling Hills of Decorah Experience the perfect bl...	4 beds \| 3 baths \| 1,783 sq.ft.	$449,999	Airbnb cash on cash: 1.04% Traditional cash on cash: 3.91% Airbnb Rental Income: $1933 Traditional Rental Income: $2630 Airbnb ROI: 1.04% Traditional ROI: 3.91%
111 N Mill St Decorah, IA This move-in-ready 1920s charming Craftsman is ideally located across from the Vesterheim ...	3 beds \| 2 baths \| 1,400 sq.ft.	$279,900	Airbnb cash on cash: 0.57% Traditional cash on cash: 6.45% Airbnb Rental Income: $1172 Traditional Rental Income: $2338 Airbnb ROI: 0.57% Traditional ROI: 6.45%
607 E Main St Decorah, IA 607 E Main St, Decorah, IA 52101 \| Multi Family	2 beds \| N/A baths \| 1,272 sq.ft.	$179,900	Airbnb cash on cash: 1.52% Traditional cash on cash: 4.5% Airbnb Rental Income: $1172 Traditional Rental Income: $1298 Airbnb ROI: 1.52% Traditional ROI: 4.5%
1306 Skyline Dr Decorah, IA 1306 Skyline Dr, Decorah, IA 52101 \| Single Family Residential	3 beds \| 2 baths \| 1,694 sq.ft.	$230,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 5.66% Airbnb Rental Income: $1172 Traditional Rental Income: $1878 Airbnb ROI: 0.64% Traditional ROI: 5.66%
310 E Broadway St Decorah, IA 310 E Broadway St, Decorah, IA 52101 \| Single Family Residential	3 beds \| 2 baths \| 1,588 sq.ft.	$327,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 2.89% Airbnb Rental Income: $1172 Traditional Rental Income: $1765 Airbnb ROI: -0.29% Traditional ROI: 2.89%
701 Winneshiek Ave Decorah, IA 701 Winneshiek Ave, Decorah, IA 52101 \| Single Family Residential	4 beds \| 2 baths \| 1,768 sq.ft.	$239,000	Airbnb cash on cash: 3.33% Traditional cash on cash: 5.15% Airbnb Rental Income: $1933 Traditional Rental Income: $1833 Airbnb ROI: 3.33% Traditional ROI: 5.15%
608 Moen St Decorah, IA 608 Moen St, Decorah, IA 52101 \| Single Family Residential	4 beds \| 2 baths \| 2,058 sq.ft.	$319,000	Airbnb cash on cash: 1.88% Traditional cash on cash: 3.98% Airbnb Rental Income: $1933 Traditional Rental Income: $2051 Airbnb ROI: 1.88% Traditional ROI: 3.98%
408 W Broadway St Decorah, IA 408 W Broadway St, Decorah, IA 52101 \| Single Family Residential	4 beds \| 3 baths \| 3,816 sq.ft.	$449,500	Airbnb cash on cash: 0.6% Traditional cash on cash: 2.78% Airbnb Rental Income: $1933 Traditional Rental Income: $2338 Airbnb ROI: 0.6% Traditional ROI: 2.78%
3218 244th Ave Decorah, IA 3218 244th Ave, Decorah, IA 52101 \| Single Family Residential	3 beds \| N/A baths \| 2,522 sq.ft.	$534,900	Airbnb cash on cash: -1.17% Traditional cash on cash: 2.04% Airbnb Rental Income: $1172 Traditional Rental Income: $2392 Airbnb ROI: -1.17% Traditional ROI: 2.04%
205 Ohio St #4 Decorah, IA 205 Ohio St #4, Decorah, IA 52101 \| Condo/Coop	3 beds \| 2 baths \| 1,392 sq.ft.	$259,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 3.04% Airbnb Rental Income: $1172 Traditional Rental Income: $1726 Airbnb ROI: -0.8% Traditional ROI: 3.04%
102 Center St Decorah, IA 102 Center St, Decorah, IA 52101 \| Single Family Residential	5 beds \| 2 baths \| 2,108 sq.ft.	$339,000	Airbnb cash on cash: 5.69% Traditional cash on cash: 3.9% Airbnb Rental Income: $3491 Traditional Rental Income: $2150 Airbnb ROI: 5.69% Traditional ROI: 3.9%
1500 Division St Decorah, IA 1500 Division St, Decorah, IA 52101 \| Single Family Residential	3 beds \| 2 baths \| 1,196 sq.ft.	$260,000	Airbnb cash on cash: 0.28% Traditional cash on cash: 4.38% Airbnb Rental Income: $1172 Traditional Rental Income: $1793 Airbnb ROI: 0.28% Traditional ROI: 4.38%
711 Winneshiek Ave Decorah, IA 711 Winneshiek Ave, Decorah, IA 52101 \| Single Family Residential	3 beds \| 2 baths \| 1,866 sq.ft.	$239,300	Airbnb cash on cash: 0.52% Traditional cash on cash: 5.72% Airbnb Rental Income: $1172 Traditional Rental Income: $1964 Airbnb ROI: 0.52% Traditional ROI: 5.72%
710 Serenity Ct Decorah, IA 710 Serenity Ct, Decorah, IA 52101 \| Condo/Coop	2 beds \| 2 baths \| 1,507 sq.ft.	$299,500	Airbnb cash on cash: 0.07% Traditional cash on cash: 2.94% Airbnb Rental Income: $1360 Traditional Rental Income: $1754 Airbnb ROI: 0.07% Traditional ROI: 2.94%
803 Clearview Dr Decorah, IA 803 Clearview Dr, Decorah, IA 52101 \| Single Family Residential	5 beds \| 3 baths \| 2,644 sq.ft.	$429,500	Airbnb cash on cash: 3.97% Traditional cash on cash: 3.71% Airbnb Rental Income: $3491 Traditional Rental Income: $2613 Airbnb ROI: 3.97% Traditional ROI: 3.71%
3046 Arrowhead Rd Decorah, IA 3046 Arrowhead Rd, Decorah, IA 52101 \| Other	N/A beds \| N/A baths \| N/A	$49,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 8.98% Airbnb Rental Income: $580 Traditional Rental Income: $676 Airbnb ROI: 1.48% Traditional ROI: 8.98%
Lake Ridge Rd Decorah, IA Lake Ridge Rd, Decorah, IA 52101 \| Other	N/A beds \| N/A baths \| N/A	$65,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 6.49% Airbnb Rental Income: $580 Traditional Rental Income: $676 Airbnb ROI: 0.6% Traditional ROI: 6.49%
2416 Crown Rd Decorah, IA 2416 Crown Rd, Decorah, IA 52101 \| Other	N/A beds \| N/A baths \| N/A	$39,900	Airbnb cash on cash: 2.38% Traditional cash on cash: 11.56% Airbnb Rental Income: $580 Traditional Rental Income: $676 Airbnb ROI: 2.38% Traditional ROI: 11.56%
Commerce Dr Decorah, IA Commerce Dr, Decorah, IA 52101 \| Other	N/A beds \| N/A baths \| N/A	$309,900	Airbnb cash on cash: -1.86% Traditional cash on cash: -0.55% Airbnb Rental Income: $580 Traditional Rental Income: $676 Airbnb ROI: -1.86% Traditional ROI: -0.55%
1004 Shagbark Ct Decorah, IA 1004 Shagbark Ct, Decorah, IA 52101 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 5.36% Airbnb Rental Income: $580 Traditional Rental Income: $676 Airbnb ROI: 0.21% Traditional ROI: 5.36%
Lot 7 BLK 1 Bruening Second Addition Decorah, IA Lot 7 BLK 1 Bruening Second Addition, Decorah, IA 52101 \| Other	N/A beds \| N/A baths \| N/A	$50,400	Airbnb cash on cash: 1.43% Traditional cash on cash: 8.95% Airbnb Rental Income: $580 Traditional Rental Income: $680 Airbnb ROI: 1.43% Traditional ROI: 8.95%
Shagbark Ln Rd Decorah, IA Shagbark Ln Rd, Decorah, IA 52101 \| Other	N/A beds \| N/A baths \| 1,568 sq.ft.	$57,400	Airbnb cash on cash: 0.99% Traditional cash on cash: 7.59% Airbnb Rental Income: $580 Traditional Rental Income: $676 Airbnb ROI: 0.99% Traditional ROI: 7.59%
553 Massman Drive Decorah, IA This quality new construction home by Massman Construction offers 3 bedrooms, 2.5 baths, a...	3 beds \| 2 baths \| 1,864 sq.ft.	$599,500	Airbnb cash on cash: -1.32% Traditional cash on cash: 1.9% Airbnb Rental Income: $1172 Traditional Rental Income: $2586 Airbnb ROI: -1.32% Traditional ROI: 1.9%

Real Estate investment in Decorah, IA

There are 28 properties for sale in the city of Decorah . The median list price in Decorah is $299,700 and the average price per square foot is $156. In January 2026, the average monthly cash on cash return in Decorah is 4.00%. The average monthly rental income in Decorah is $1,921.

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

There are 28 investment properties available for sale in Decorah.

In 2026, 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 $1,921.

Your search for investment property begins and ends here

Investment Property for Sale in Decorah, IA

2354 Shagbark Lane Rd

Decorah, IA

2 beds | 2 baths | 1,568 sq.ft.

$385,000

Airbnb cash on cash: 1.17%

Traditional cash on cash: 5.64%

Airbnb Rental Income: $1360

Traditional Rental Income: $2561

Airbnb ROI: 1.17%

Traditional ROI: 5.64%

415 Highland Drive

Decorah, IA

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

$465,000

Airbnb cash on cash: -0.6%

Traditional cash on cash: 2.92%

Airbnb Rental Income: $1360

Traditional Rental Income: $2475

Airbnb ROI: -0.6%

Traditional ROI: 2.92%

709 Serenity Court

Decorah, IA

2 beds | 3 baths | 1,284 sq.ft.

$309,000

Airbnb cash on cash: -0.23%

Traditional cash on cash: 3.77%

Airbnb Rental Income: $1360

Traditional Rental Income: $2107

Airbnb ROI: -0.23%

Traditional ROI: 3.77%

2362 Woodridge Rd

Decorah, IA

4 beds | 3 baths | 3,446 sq.ft.

$449,999

Airbnb cash on cash: 0.95%

Traditional cash on cash: 5.1%

Airbnb Rental Income: $1933

Traditional Rental Income: $3168

Airbnb ROI: 0.95%

Traditional ROI: 5.1%

725 Ridge Road

Decorah, IA

4 beds | 3 baths | 2,332 sq.ft.

$299,900

Airbnb cash on cash: 2.04%

Traditional cash on cash: 7.28%

Airbnb Rental Income: $1933

Traditional Rental Income: $2900

Airbnb ROI: 2.04%

Traditional ROI: 7.28%

2362 Woodridge

Decorah, IA

4 beds | 3 baths | 1,783 sq.ft.

$449,999

Airbnb cash on cash: 1.04%

Traditional cash on cash: 3.91%

Airbnb Rental Income: $1933

Traditional Rental Income: $2630

Airbnb ROI: 1.04%

Traditional ROI: 3.91%

111 N Mill St

Decorah, IA

3 beds | 2 baths | 1,400 sq.ft.

$279,900

Airbnb cash on cash: 0.57%

Traditional cash on cash: 6.45%

Airbnb Rental Income: $1172

Traditional Rental Income: $2338

Airbnb ROI: 0.57%

Traditional ROI: 6.45%

607 E Main St

Decorah, IA

2 beds | N/A baths | 1,272 sq.ft.

$179,900

Airbnb cash on cash: 1.52%

Traditional cash on cash: 4.5%

Airbnb Rental Income: $1172

Traditional Rental Income: $1298

Airbnb ROI: 1.52%