Real Estate Investment Properties for Sale in Des Moines, IA

Looking for investment property in Des Moines, IA with high ROI ?

Explore a variety of short-term homes & houses in Des Moines, IA. Invest wisely with VRBO & Des Moines, IA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Townhouses for Sale in Des Moines, IA

Search for Townhouse for Sale in Des Moines, Iowa. Browse all of Mashvisor’s Townhouse listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 56 Townhouse listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5841 SE 22nd Court Des Moines, IA Step inside this zero-entry ranch townhome and instantly feel at home. The open concept la...	2 beds \| 2 baths \| 1,454 sq.ft.	$250,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 6.42% Airbnb Rental Income: $1129 Traditional Rental Income: $2332 Airbnb ROI: -0.28% Traditional ROI: 6.42%
2505 53rd st Des Moines, IA	3 beds \| 2 baths \| N/A	$190,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 3.73% Airbnb Rental Income: $1337 Traditional Rental Income: $1469 Airbnb ROI: 0.72% Traditional ROI: 3.73%
550 Indianola Road unit: 14 #14 Des Moines, IA Experience urban luxury at its finest in this stunning 2-bedroom, 3-bath condo located hig...	2 beds \| 3 baths \| 1,460 sq.ft.	$399,900	Airbnb cash on cash: -0.14% Traditional cash on cash: 3.17% Airbnb Rental Income: $1129 Traditional Rental Income: $1991 Airbnb ROI: -0.14% Traditional ROI: 3.17%
400 E Locust Street unit: 209 #209 Des Moines, IA This charming "Pied de Terre" is a perfect condo for downtown living. The Open floor plan ...	1 beds \| 1 baths \| 893 sq.ft.	$182,500	Airbnb cash on cash: -3.41% Traditional cash on cash: 3.81% Airbnb Rental Income: $795 Traditional Rental Income: $1726 Airbnb ROI: -3.41% Traditional ROI: 3.81%
455 SW 12th Street Des Moines, IA Welcome to Gray's Station and a beautiful home in a growing community! Along with spacious...	3 beds \| 3 baths \| 1,580 sq.ft.	$339,900	Airbnb cash on cash: 0.24% Traditional cash on cash: 3.46% Airbnb Rental Income: $1337 Traditional Rental Income: $1952 Airbnb ROI: 0.24% Traditional ROI: 3.46%
508 Indianola Road unit: 1 #1 Des Moines, IA Welcome to your home in the heart of Downtown Des Moines with a 9 YEAR TAX ABATEMENT! Thes...	2 beds \| 4 baths \| 1,386 sq.ft.	$435,000	Airbnb cash on cash: -2.04% Traditional cash on cash: 3.02% Airbnb Rental Income: $1129 Traditional Rental Income: $2815 Airbnb ROI: -2.04% Traditional ROI: 3.02%
4047 E University Avenue Des Moines, IA Here is the home you have been looking for! Fabulous two story townhome located in an amaz...	2 beds \| 1 baths \| 960 sq.ft.	$126,900	Airbnb cash on cash: 1.26% Traditional cash on cash: 2.19% Airbnb Rental Income: $1129 Traditional Rental Income: $865 Airbnb ROI: 1.26% Traditional ROI: 2.19%
201 Grand Avenue unit: 109 #109 Des Moines, IA Enjoy effortless downtown living in this beautifully maintained brownstone located just tw...	4 beds \| 3 baths \| 2,058 sq.ft.	$394,999	Airbnb cash on cash: -0.56% Traditional cash on cash: 1.23% Airbnb Rental Income: $1851 Traditional Rental Income: $2015 Airbnb ROI: -0.56% Traditional ROI: 1.23%
4828 Ingersoll Avenue Des Moines, IA Check out this brand-new construction side-by-side 2-story townhome with 1,672 square feet...	2 beds \| 3 baths \| 1,672 sq.ft.	$589,900	Airbnb cash on cash: -0.79% Traditional cash on cash: 3% Airbnb Rental Income: $1129 Traditional Rental Income: $2839 Airbnb ROI: -0.79% Traditional ROI: 3%
3920 Grand Avenue unit: 5Te #5Te Des Moines, IA Spacious 3-Bedroom Condo with Exceptional Amenities & Scenic Grounds Discover luxury livin...	3 beds \| 2 baths \| 1,736 sq.ft.	$549,000	Airbnb cash on cash: -1.74% Traditional cash on cash: 1.34% Airbnb Rental Income: $1337 Traditional Rental Income: $2509 Airbnb ROI: -1.74% Traditional ROI: 1.34%
4836 Ingersoll Avenue Des Moines, IA Waterbury Commons Town Homes include a 9-year tax abatement (100% abatement for 6 years, t...	2 beds \| 3 baths \| 1,672 sq.ft.	$589,900	Airbnb cash on cash: -0.79% Traditional cash on cash: 2.83% Airbnb Rental Income: $1129 Traditional Rental Income: $2746 Airbnb ROI: -0.79% Traditional ROI: 2.83%
4840 Ingersoll Avenue Des Moines, IA Waterbury Commons Town Homes include a 9-year tax abatement (100% abatement for 6 years, t...	2 beds \| 3 baths \| 1,672 sq.ft.	$584,900	Airbnb cash on cash: -0.79% Traditional cash on cash: 2.86% Airbnb Rental Income: $1129 Traditional Rental Income: $2746 Airbnb ROI: -0.79% Traditional ROI: 2.86%
4844 Ingersoll Avenue Des Moines, IA Waterbury Commons Town Homes include a 9-year tax abatement (100% abatement for 6 years, t...	2 beds \| 3 baths \| 1,672 sq.ft.	$584,900	Airbnb cash on cash: -0.79% Traditional cash on cash: 2.86% Airbnb Rental Income: $1129 Traditional Rental Income: $2746 Airbnb ROI: -0.79% Traditional ROI: 2.86%
4848 Ingersoll Avenue Des Moines, IA Waterbury Commons Town Homes include a 9-year tax abatement (100% abatement for 6 years, t...	2 beds \| 3 baths \| 1,672 sq.ft.	$589,900	Airbnb cash on cash: -0.79% Traditional cash on cash: 2.83% Airbnb Rental Income: $1129 Traditional Rental Income: $2746 Airbnb ROI: -0.79% Traditional ROI: 2.83%
2100 Meadow Chase Lane unit: 607 #607 Des Moines, IA Welcome to this charming and well-cared-for home offering 2 bedrooms, 2.5 bathrooms, and 1...	2 beds \| 3 baths \| 1,195 sq.ft.	$155,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 10.14% Airbnb Rental Income: $1129 Traditional Rental Income: $2049 Airbnb ROI: 1.38% Traditional ROI: 10.14%
804 E 2nd Street Des Moines, IA Experience luxury living in this breathtaking 3-story rooftop built in 2023, offering supe...	3 beds \| 3 baths \| 2,640 sq.ft.	$799,900	Airbnb cash on cash: -0.38% Traditional cash on cash: 2.71% Airbnb Rental Income: $1337 Traditional Rental Income: $3231 Airbnb ROI: -0.38% Traditional ROI: 2.71%
400 SW 7th Street unit: 303 #303 Des Moines, IA Enjoy modern, high-end amenities at the Edison Condominiums! This community's location is ...	1 beds \| 1 baths \| 758 sq.ft.	$229,900	Airbnb cash on cash: -0.96% Traditional cash on cash: 5.13% Airbnb Rental Income: $795 Traditional Rental Income: $1798 Airbnb ROI: -0.96% Traditional ROI: 5.13%
118 E Center Street Des Moines, IA ONLY Park-side property available! FULLY FURNISHED in an UNPARALLELED LOCATION too!! Selle...	3 beds \| 3 baths \| 2,088 sq.ft.	$545,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 3.9% Airbnb Rental Income: $1337 Traditional Rental Income: $3162 Airbnb ROI: -0.49% Traditional ROI: 3.9%
4004 Grand Avenue unit: 103 #103 Des Moines, IA Welcome to this elegant co-op residence located South of Grand! The moment you step into t...	1 beds \| 2 baths \| 1,850 sq.ft.	$294,900	Airbnb cash on cash: -6.43% Traditional cash on cash: -0.61% Airbnb Rental Income: $795 Traditional Rental Income: $2089 Airbnb ROI: -6.43% Traditional ROI: -0.61%
100 Market Street unit: 601 #601 Des Moines, IA Rare Downtown Loft in Iconic Tone Loft Building. Step into this one-of-a-kind two-story lo...	1 beds \| 2 baths \| 837 sq.ft.	$229,900	Airbnb cash on cash: -3.19% Traditional cash on cash: 1.95% Airbnb Rental Income: $795 Traditional Rental Income: $1592 Airbnb ROI: -3.19% Traditional ROI: 1.95%
2341 Hart Avenue unit: 2 #2 Des Moines, IA Welcome to this well-maintained open concept Two-Story townhome/condo. First floor has a s...	3 beds \| 3 baths \| 1,226 sq.ft.	$184,900	Airbnb cash on cash: 0.6% Traditional cash on cash: 6.97% Airbnb Rental Income: $1337 Traditional Rental Income: $2045 Airbnb ROI: 0.6% Traditional ROI: 6.97%
924 12th Street Des Moines, IA Experience all Des Moines has to offer in this luxurious downtown townhome with 2 bedrooms...	2 beds \| 3 baths \| 1,272 sq.ft.	$350,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 5.43% Airbnb Rental Income: $1129 Traditional Rental Income: $2408 Airbnb ROI: 0.39% Traditional ROI: 5.43%
7000 Lake Hill Drive unit: 74 #74 Des Moines, IA Welcome to this stunning townhome located in Southeast Des Moines! Designed with comfort a...	3 beds \| 3 baths \| 1,597 sq.ft.	$269,900	Airbnb cash on cash: 0.54% Traditional cash on cash: 7.13% Airbnb Rental Income: $1337 Traditional Rental Income: $2603 Airbnb ROI: 0.54% Traditional ROI: 7.13%
400 E Locust Street unit: 102 #102 Des Moines, IA Experience stylish urban living in the heart of downtown Des Moines' vibrant East Village!...	1 beds \| 1 baths \| 875 sq.ft.	$235,000	Airbnb cash on cash: -0.85% Traditional cash on cash: 4.25% Airbnb Rental Income: $795 Traditional Rental Income: $1607 Airbnb ROI: -0.85% Traditional ROI: 4.25%
2240 Hart Avenue unit: 4 #4 Des Moines, IA Don't miss this well maintained townhome near Easter Lake! Offering 1,342 square feet of c...	3 beds \| 3 baths \| 1,342 sq.ft.	$179,900	Airbnb cash on cash: 2% Traditional cash on cash: 9.25% Airbnb Rental Income: $1337 Traditional Rental Income: $2168 Airbnb ROI: 2% Traditional ROI: 9.25%
400 E Locust Street unit: 213 #213 Des Moines, IA If you've been dreaming of a place that lets you work from home and live your best social ...	2 beds \| 2 baths \| 978 sq.ft.	$250,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 4.43% Airbnb Rental Income: $1129 Traditional Rental Income: $1691 Airbnb ROI: 0.45% Traditional ROI: 4.43%
7000 Lake Ridge Avenue unit: 69 #69 Des Moines, IA Welcome to this stunning townhome located in Southeast Des Moines! Designed with comfort a...	3 beds \| 3 baths \| 1,597 sq.ft.	$269,900	Airbnb cash on cash: 1.46% Traditional cash on cash: 8.05% Airbnb Rental Income: $1337 Traditional Rental Income: $2603 Airbnb ROI: 1.46% Traditional ROI: 8.05%
316 SW 6th Street unit: 106 #106 Des Moines, IA Location and a view!! This charming brownstone, which has been a popular rental property, ...	3 beds \| 3 baths \| 1,676 sq.ft.	$329,900	Airbnb cash on cash: 1.51% Traditional cash on cash: 6.83% Airbnb Rental Income: $1337 Traditional Rental Income: $2576 Airbnb ROI: 1.51% Traditional ROI: 6.83%
7000 Lake Hill Drive unit: 79 #79 Des Moines, IA Welcome to this stunning townhome located in Southeast Des Moines! Designed with comfort a...	3 beds \| 3 baths \| 1,597 sq.ft.	$269,900	Airbnb cash on cash: 0.74% Traditional cash on cash: 7.33% Airbnb Rental Income: $1337 Traditional Rental Income: $2603 Airbnb ROI: 0.74% Traditional ROI: 7.33%
5118 Bel Aire Road Des Moines, IA Welcome home to this beautifully updated 3-bedroom, 1.5-bath gem in a quiet, tree-lined ne...	3 beds \| 2 baths \| 1,320 sq.ft.	$215,000	Airbnb cash on cash: 1.81% Traditional cash on cash: 7.13% Airbnb Rental Income: $1337 Traditional Rental Income: $2010 Airbnb ROI: 1.81% Traditional ROI: 7.13%
4031 E University Avenue Des Moines, IA Home Sweet Home! Fall in love with this gorgeous, meticulously maintained two story townho...	2 beds \| 1 baths \| 960 sq.ft.	$132,900	Airbnb cash on cash: 2.92% Traditional cash on cash: 7.82% Airbnb Rental Income: $1129 Traditional Rental Income: $1377 Airbnb ROI: 2.92% Traditional ROI: 7.82%
930 12th Street Des Moines, IA Experience Urban Luxury in this gated community!!!! Gorgeous downtown Des Moines condo wit...	2 beds \| 3 baths \| 1,272 sq.ft.	$359,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 5.48% Airbnb Rental Income: $1129 Traditional Rental Income: $2427 Airbnb ROI: 0.51% Traditional ROI: 5.48%
2241 Hart Avenue unit: 2 #2 Des Moines, IA Welcome to your new home! This well maintained 2-bedroom, 2.5-bath townhome offers the per...	2 beds \| 3 baths \| 1,106 sq.ft.	$155,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 10.16% Airbnb Rental Income: $1129 Traditional Rental Income: $2013 Airbnb ROI: 1.65% Traditional ROI: 10.16%
2321 Hart Avenue unit: 5 #5 Des Moines, IA Here is your chance to own a beautiful, two-bedroom townhouse with an attached two car gar...	2 beds \| 3 baths \| 1,186 sq.ft.	$170,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 9.47% Airbnb Rental Income: $1129 Traditional Rental Income: $2098 Airbnb ROI: 1.16% Traditional ROI: 9.47%
2241 Hart Avenue unit: 1 #1 Des Moines, IA Check out this THREE BEDROOMS, END-UNIT townhome in a great south side location right acro...	3 beds \| 3 baths \| 1,342 sq.ft.	$185,000	Airbnb cash on cash: 1.87% Traditional cash on cash: 8.99% Airbnb Rental Income: $1337 Traditional Rental Income: $2178 Airbnb ROI: 1.87% Traditional ROI: 8.99%
3701 Brook Ridge Court unit: 803 #803 Des Moines, IA End unit Townhome in a peaceful,parklike setting on the backside(east) of the building in ...	2 beds \| 2 baths \| 1,264 sq.ft.	$189,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 8.36% Airbnb Rental Income: $1129 Traditional Rental Income: $2027 Airbnb ROI: 1.26% Traditional ROI: 8.36%
3799 Village Run Drive unit: 504 #504 Des Moines, IA Discover this beautifully cared-for two-story townhome offering 1,308 square feet of comfo...	2 beds \| 2 baths \| 1,308 sq.ft.	$174,900	Airbnb cash on cash: 1.58% Traditional cash on cash: 9.19% Airbnb Rental Income: $1129 Traditional Rental Income: $2020 Airbnb ROI: 1.58% Traditional ROI: 9.19%
100 Market Street unit: 407 #407 Des Moines, IA River-side condominiums are nearly nonexistent in downtown Des Moines. At this price point...	1 beds \| 1 baths \| 770 sq.ft.	$223,500	Airbnb cash on cash: -0.91% Traditional cash on cash: 3.64% Airbnb Rental Income: $795 Traditional Rental Income: $1438 Airbnb ROI: -0.91% Traditional ROI: 3.64%
400 E Locust Street unit: 305 #305 Des Moines, IA Welcome to SOHO Lofts, where downtown Des Moines living meets comfort, style, and unbeatab...	2 beds \| 2 baths \| 1,188 sq.ft.	$230,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 5.11% Airbnb Rental Income: $1129 Traditional Rental Income: $1897 Airbnb ROI: -0.15% Traditional ROI: 5.11%
7000 Lake Ridge Avenue unit: 4 #4 Des Moines, IA This move-in ready 2-story townhome comes fully furnished, making it an effortless option ...	3 beds \| 3 baths \| 1,617 sq.ft.	$265,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 8.91% Airbnb Rental Income: $1337 Traditional Rental Income: $2647 Airbnb ROI: 2.03% Traditional ROI: 8.91%

Your search for investment property begins and ends here

Townhouses for Sale in Des Moines, IA

5841 SE 22nd Court

Des Moines, IA

2 beds | 2 baths | 1,454 sq.ft.

$250,000

Airbnb cash on cash: -0.28%

Traditional cash on cash: 6.42%

Airbnb Rental Income: $1129

Traditional Rental Income: $2332

Airbnb ROI: -0.28%

Traditional ROI: 6.42%

2505 53rd st

Des Moines, IA

3 beds | 2 baths | N/A

$190,000

Airbnb cash on cash: 0.72%

Traditional cash on cash: 3.73%

Airbnb Rental Income: $1337

Traditional Rental Income: $1469

Airbnb ROI: 0.72%

Traditional ROI: 3.73%

550 Indianola Road unit: 14 #14

Des Moines, IA

2 beds | 3 baths | 1,460 sq.ft.

$399,900

Airbnb cash on cash: -0.14%

Traditional cash on cash: 3.17%

Airbnb Rental Income: $1129

Traditional Rental Income: $1991

Airbnb ROI: -0.14%

Traditional ROI: 3.17%

400 E Locust Street unit: 209 #209

Des Moines, IA

1 beds | 1 baths | 893 sq.ft.

$182,500

Airbnb cash on cash: -3.41%

Traditional cash on cash: 3.81%

Airbnb Rental Income: $795

Traditional Rental Income: $1726

Airbnb ROI: -3.41%

Traditional ROI: 3.81%

455 SW 12th Street

Des Moines, IA

3 beds | 3 baths | 1,580 sq.ft.

$339,900

Airbnb cash on cash: 0.24%

Traditional cash on cash: 3.46%

Airbnb Rental Income: $1337

Traditional Rental Income: $1952

Airbnb ROI: 0.24%

Traditional ROI: 3.46%

508 Indianola Road unit: 1 #1

Des Moines, IA

2 beds | 4 baths | 1,386 sq.ft.

$435,000

Airbnb cash on cash: -2.04%

Traditional cash on cash: 3.02%

Airbnb Rental Income: $1129

Traditional Rental Income: $2815

Airbnb ROI: -2.04%

Traditional ROI: 3.02%

4047 E University Avenue

Des Moines, IA

2 beds | 1 baths | 960 sq.ft.

$126,900

Airbnb cash on cash: 1.26%

Traditional cash on cash: 2.19%

Airbnb Rental Income: $1129

Traditional Rental Income: $865

Airbnb ROI: 1.26%

Traditional ROI: 2.19%

201 Grand Avenue unit: 109 #109

Des Moines, IA

4 beds | 3 baths | 2,058 sq.ft.

$394,999

Airbnb cash on cash: -0.56%

Traditional cash on cash: 1.23%

Airbnb Rental Income: $1851

Traditional Rental Income: $2015

Airbnb ROI: -0.56%