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 60 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.	$247,500	Airbnb cash on cash: -0.51% Traditional cash on cash: 6.49% Airbnb Rental Income: $1062 Traditional Rental Income: $2332 Airbnb ROI: -0.51% Traditional ROI: 6.49%
5817 SE 22nd Court Des Moines, IA Spacious ranch townhome that is one owner and meticulous! Over 1450 sqft and a very open p...	2 beds \| 2 baths \| 1,454 sq.ft.	$239,900	Airbnb cash on cash: 0.38% Traditional cash on cash: 7.53% Airbnb Rental Income: $1062 Traditional Rental Income: $2319 Airbnb ROI: 0.38% Traditional ROI: 7.53%
2505 53rd st Des Moines, IA	3 beds \| 2 baths \| N/A	$190,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 3.73% Airbnb Rental Income: $1250 Traditional Rental Income: $1469 Airbnb ROI: 0.32% Traditional ROI: 3.73%
1943 E Bell Avenue Des Moines, IA Welcome to this move-in ready townhome fresh, updated, and waiting for you! The main level...	2 beds \| 1 baths \| 979 sq.ft.	$180,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 6.5% Airbnb Rental Income: $1062 Traditional Rental Income: $1561 Airbnb ROI: 1.45% Traditional ROI: 6.5%
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.	$379,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 3.4% Airbnb Rental Income: $1062 Traditional Rental Income: $1991 Airbnb ROI: -0.25% Traditional ROI: 3.4%
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: 0.8% Traditional cash on cash: 2.19% Airbnb Rental Income: $1062 Traditional Rental Income: $865 Airbnb ROI: 0.8% 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.	$379,999	Airbnb cash on cash: -1.1% Traditional cash on cash: 1.32% Airbnb Rental Income: $1611 Traditional Rental Income: $2015 Airbnb ROI: -1.1% Traditional ROI: 1.32%
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: -0.89% Traditional cash on cash: 3% Airbnb Rental Income: $1062 Traditional Rental Income: $2839 Airbnb ROI: -0.89% Traditional ROI: 3%
2732 Fleur Drive unit: 20 #20 Des Moines, IA Welcome to Pinnacle on Fleur an exceptional blend of modern luxury, timeless quality, unma...	3 beds \| 4 baths \| 2,163 sq.ft.	$530,000	Airbnb cash on cash: -1.65% Traditional cash on cash: 3.82% Airbnb Rental Income: $1212 Traditional Rental Income: $3531 Airbnb ROI: -1.65% Traditional ROI: 3.82%
2724 Fleur Drive unit: 16 #16 Des Moines, IA Welcome to Pinnacle on Fleur an exceptional blend of modern luxury, timeless quality, unma...	3 beds \| 4 baths \| 2,163 sq.ft.	$530,000	Airbnb cash on cash: -1.65% Traditional cash on cash: 3.82% Airbnb Rental Income: $1212 Traditional Rental Income: $3531 Airbnb ROI: -1.65% Traditional ROI: 3.82%
2738 Fleur Drive unit: 23 #23 Des Moines, IA Welcome to Pinnacle on Fleur an exceptional blend of modern luxury, timeless quality, unma...	3 beds \| 4 baths \| 2,163 sq.ft.	$530,000	Airbnb cash on cash: -1.65% Traditional cash on cash: 3.82% Airbnb Rental Income: $1212 Traditional Rental Income: $3531 Airbnb ROI: -1.65% Traditional ROI: 3.82%
2714 Fleur Drive unit: 11 #11 Des Moines, IA Welcome to Pinnacle on Fleur where thoughtful design, elevated comfort, and the best of De...	3 beds \| 3 baths \| 2,163 sq.ft.	$525,000	Airbnb cash on cash: -1.64% Traditional cash on cash: 3.15% Airbnb Rental Income: $1212 Traditional Rental Income: $3170 Airbnb ROI: -1.64% Traditional ROI: 3.15%
2730 Fleur Drive unit: 19 #19 Des Moines, IA Welcome to Pinnacle on Fleur an exceptional blend of modern luxury, timeless quality, unma...	3 beds \| 4 baths \| 2,163 sq.ft.	$530,000	Airbnb cash on cash: -1.65% Traditional cash on cash: 3.82% Airbnb Rental Income: $1212 Traditional Rental Income: $3531 Airbnb ROI: -1.65% Traditional ROI: 3.82%
2728 Fleur Drive unit: 18 #18 Des Moines, IA Welcome to Pinnacle on Fleur where thoughtful design, elevated comfort, and the best of De...	3 beds \| 3 baths \| 2,163 sq.ft.	$525,000	Airbnb cash on cash: -1.64% Traditional cash on cash: 3.15% Airbnb Rental Income: $1212 Traditional Rental Income: $3170 Airbnb ROI: -1.64% Traditional ROI: 3.15%
2726 Fleur Drive unit: 17 #17 Des Moines, IA Welcome to Pinnacle on Fleur where thoughtful design, elevated comfort, and the best of De...	3 beds \| 3 baths \| 2,163 sq.ft.	$525,000	Airbnb cash on cash: -1.64% Traditional cash on cash: 3.15% Airbnb Rental Income: $1212 Traditional Rental Income: $3170 Airbnb ROI: -1.64% Traditional ROI: 3.15%
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: -1.95% Traditional cash on cash: 1.34% Airbnb Rental Income: $1212 Traditional Rental Income: $2509 Airbnb ROI: -1.95% 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: -0.89% Traditional cash on cash: 2.83% Airbnb Rental Income: $1062 Traditional Rental Income: $2746 Airbnb ROI: -0.89% 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: -0.89% Traditional cash on cash: 2.86% Airbnb Rental Income: $1062 Traditional Rental Income: $2746 Airbnb ROI: -0.89% 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: -0.89% Traditional cash on cash: 2.86% Airbnb Rental Income: $1062 Traditional Rental Income: $2746 Airbnb ROI: -0.89% 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: -0.89% Traditional cash on cash: 2.83% Airbnb Rental Income: $1062 Traditional Rental Income: $2746 Airbnb ROI: -0.89% Traditional ROI: 2.83%
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: 0.01% Traditional cash on cash: 6.97% Airbnb Rental Income: $1212 Traditional Rental Income: $2045 Airbnb ROI: 0.01% Traditional ROI: 6.97%
924 12th Street Des Moines, IA TAX ABATEMENT ELIGIBLE MOVE-IN READY!! Experience all Des Moines has to offer in this lu...	2 beds \| 3 baths \| 1,272 sq.ft.	$345,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 5.52% Airbnb Rental Income: $1062 Traditional Rental Income: $2408 Airbnb ROI: 0.24% Traditional ROI: 5.52%
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: 0.13% Traditional cash on cash: 7.13% Airbnb Rental Income: $1212 Traditional Rental Income: $2603 Airbnb ROI: 0.13% Traditional ROI: 7.13%
400 E Locust Street unit: 102 #102 Des Moines, IA Experience the best urban living in DSM's East Village. This condo is accessed from the fr...	1 beds \| 1 baths \| 875 sq.ft.	$225,000	Airbnb cash on cash: -0.97% Traditional cash on cash: 4.48% Airbnb Rental Income: $761 Traditional Rental Income: $1607 Airbnb ROI: -0.97% Traditional ROI: 4.48%
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: 1.05% Traditional cash on cash: 8.05% Airbnb Rental Income: $1212 Traditional Rental Income: $2603 Airbnb ROI: 1.05% 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: 1.17% Traditional cash on cash: 6.83% Airbnb Rental Income: $1212 Traditional Rental Income: $2576 Airbnb ROI: 1.17% Traditional ROI: 6.83%
5118 Bel Aire Road Des Moines, IA Welcome home to this beautifully updated 3-bedroom, 1.5-bath gem at the end of a quiet, tr...	3 beds \| 2 baths \| 1,320 sq.ft.	$209,900	Airbnb cash on cash: 1.35% Traditional cash on cash: 7.33% Airbnb Rental Income: $1212 Traditional Rental Income: $2010 Airbnb ROI: 1.35% Traditional ROI: 7.33%
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.	$130,900	Airbnb cash on cash: 2.53% Traditional cash on cash: 7.95% Airbnb Rental Income: $1062 Traditional Rental Income: $1377 Airbnb ROI: 2.53% Traditional ROI: 7.95%
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.	$165,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 9.78% Airbnb Rental Income: $1062 Traditional Rental Income: $2098 Airbnb ROI: 0.87% Traditional ROI: 9.78%
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: 1.24% Traditional cash on cash: 9.19% Airbnb Rental Income: $1062 Traditional Rental Income: $2020 Airbnb ROI: 1.24% Traditional ROI: 9.19%
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: -0.41% Traditional cash on cash: 5.11% Airbnb Rental Income: $1062 Traditional Rental Income: $1897 Airbnb ROI: -0.41% 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.	$260,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 9.1% Airbnb Rental Income: $1212 Traditional Rental Income: $2647 Airbnb ROI: 1.66% Traditional ROI: 9.1%
1503 Pleasant Street unit: 6 #6 Des Moines, IA In historic Sherman Hill, this very charming 2 BR 1 Bath condo is seconds from downtown. O...	2 beds \| 1 baths \| 1,008 sq.ft.	$194,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 4.89% Airbnb Rental Income: $1062 Traditional Rental Income: $1494 Airbnb ROI: 0.56% Traditional ROI: 4.89%
5221 Village Run Avenue unit: 1503 #1503 Des Moines, IA Super cute and move-in ready two-story condo with attached one-car garage! Offering over 1...	2 beds \| 2 baths \| 1,166 sq.ft.	$163,900	Airbnb cash on cash: 1.25% Traditional cash on cash: 9.44% Airbnb Rental Income: $1062 Traditional Rental Income: $1976 Airbnb ROI: 1.25% Traditional ROI: 9.44%
1518 Park Avenue Des Moines, IA Welcome to this move-in ready twin home on Wakanda Golf Club! Enjoy an unbeatable setting ...	3 beds \| 4 baths \| 1,862 sq.ft.	$656,900	Airbnb cash on cash: -1.94% Traditional cash on cash: 1.3% Airbnb Rental Income: $1212 Traditional Rental Income: $2805 Airbnb ROI: -1.94% Traditional ROI: 1.3%
111 10th Street unit: 218 #218 Des Moines, IA Welcome to this exceptional loft-style condo - where modern design meets urban sophisticat...	1 beds \| 2 baths \| 1,075 sq.ft.	$244,500	Airbnb cash on cash: -1.24% Traditional cash on cash: 4.4% Airbnb Rental Income: $761 Traditional Rental Income: $1747 Airbnb ROI: -1.24% Traditional ROI: 4.4%
2101 Meadow Court unit: 903 #903 Des Moines, IA This spacious townhome offers updates, functionality, and low-maintenance living. The main...	2 beds \| 3 baths \| 1,373 sq.ft.	$182,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 9.09% Airbnb Rental Income: $1062 Traditional Rental Income: $2169 Airbnb ROI: 0.59% Traditional ROI: 9.09%
2822 Cheyenne Circle Des Moines, IA Welcome to The Park at Southern Hills, where mature trees, winding paths, and a true park-...	3 beds \| 2 baths \| 1,201 sq.ft.	$309,900	Airbnb cash on cash: 0.88% Traditional cash on cash: 4.69% Airbnb Rental Income: $1212 Traditional Rental Income: $1932 Airbnb ROI: 0.88% Traditional ROI: 4.69%
214 Watson Powell Jr Way unit: 505 #505 Des Moines, IA Tucked on a quiet street just steps from the riverwalk, this home blends privacy with city...	3 beds \| 3 baths \| 1,609 sq.ft.	$350,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 4.26% Airbnb Rental Income: $1212 Traditional Rental Income: $2448 Airbnb ROI: -0.69% Traditional ROI: 4.26%
111 10th Street unit: 407 #407 Des Moines, IA AMAZING VALUE in this Light-Filled Urban Home at 111 City Lofts! Experience downtown livin...	1 beds \| 2 baths \| 1,278 sq.ft.	$223,900	Airbnb cash on cash: -1.48% Traditional cash on cash: 5.2% Airbnb Rental Income: $761 Traditional Rental Income: $1862 Airbnb ROI: -1.48% Traditional ROI: 5.2%

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.

$247,500

Airbnb cash on cash: -0.51%

Traditional cash on cash: 6.49%

Airbnb Rental Income: $1062

Traditional Rental Income: $2332

Airbnb ROI: -0.51%

Traditional ROI: 6.49%

5817 SE 22nd Court

Des Moines, IA

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

$239,900

Airbnb cash on cash: 0.38%

Traditional cash on cash: 7.53%

Airbnb Rental Income: $1062

Traditional Rental Income: $2319

Airbnb ROI: 0.38%

Traditional ROI: 7.53%

2505 53rd st

Des Moines, IA

3 beds | 2 baths | N/A

$190,000

Airbnb cash on cash: 0.32%

Traditional cash on cash: 3.73%

Airbnb Rental Income: $1250

Traditional Rental Income: $1469

Airbnb ROI: 0.32%

Traditional ROI: 3.73%

1943 E Bell Avenue

Des Moines, IA

2 beds | 1 baths | 979 sq.ft.

$180,000

Airbnb cash on cash: 1.45%

Traditional cash on cash: 6.5%

Airbnb Rental Income: $1062

Traditional Rental Income: $1561

Airbnb ROI: 1.45%

Traditional ROI: 6.5%

550 Indianola Road unit: 14 #14

Des Moines, IA

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

$379,000

Airbnb cash on cash: -0.25%

Traditional cash on cash: 3.4%

Airbnb Rental Income: $1062

Traditional Rental Income: $1991

Airbnb ROI: -0.25%

Traditional ROI: 3.4%

4047 E University Avenue

Des Moines, IA

2 beds | 1 baths | 960 sq.ft.

$126,900

Airbnb cash on cash: 0.8%

Traditional cash on cash: 2.19%

Airbnb Rental Income: $1062

Traditional Rental Income: $865

Airbnb ROI: 0.8%

Traditional ROI: 2.19%

201 Grand Avenue unit: 109 #109

Des Moines, IA

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

$379,999

Airbnb cash on cash: -1.1%

Traditional cash on cash: 1.32%

Airbnb Rental Income: $1611

Traditional Rental Income: $2015

Airbnb ROI: -1.1%

Traditional ROI: 1.32%

4828 Ingersoll Avenue

Des Moines, IA

2 beds | 3 baths | 1,672 sq.ft.

$589,900

Airbnb cash on cash: -0.89%

Traditional cash on cash: 3%

Airbnb Rental Income: $1062

Traditional Rental Income: $2839

Airbnb ROI: -0.89%