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
2251 E Redmond Avenue Des Moines, IA PRICE IMPROVEMENT - NOW $239,900! Enjoy easy, low-maintenance living in this spacious zero...	2 beds \| 2 baths \| 1,454 sq.ft.	$239,900	Airbnb cash on cash: 0.01% Traditional cash on cash: 7.03% Airbnb Rental Income: $1098 Traditional Rental Income: $2318 Airbnb ROI: 0.01% Traditional ROI: 7.03%
2505 53rd st Des Moines, IA	3 beds \| 2 baths \| N/A	$190,000	Airbnb cash on cash: 1.39% Traditional cash on cash: 3.73% Airbnb Rental Income: $1482 Traditional Rental Income: $1469 Airbnb ROI: 1.39% Traditional ROI: 3.73%
3701 Brook Ridge Court #303 Des Moines, IA Low-maintenance living in a convenient Brook Run location! This 2-story townhome offers mo...	2 beds \| 2 baths \| 1,166 sq.ft.	$155,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 8.94% Airbnb Rental Income: $1098 Traditional Rental Income: $1977 Airbnb ROI: 0.49% Traditional ROI: 8.94%
500 N Valley Drive #405 Des Moines, IA Spotless two story townhome in the highly desired Frisbie Park neighborhood. This end unit...	2 beds \| 3 baths \| 1,332 sq.ft.	$220,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 7.01% Airbnb Rental Income: $1098 Traditional Rental Income: $2246 Airbnb ROI: -0.29% Traditional ROI: 7.01%
3799 Village Run Drive #903 Des Moines, IA South East Polk School District. Close to Altooona. Move-in ready two-story condo with att...	2 beds \| 2 baths \| 1,308 sq.ft.	$164,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 8.56% Airbnb Rental Income: $1098 Traditional Rental Income: $2025 Airbnb ROI: 0.26% Traditional ROI: 8.56%
400 E Locust Street #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.	$199,900	Airbnb cash on cash: -3.31% Traditional cash on cash: 2.92% Airbnb Rental Income: $708 Traditional Rental Income: $1582 Airbnb ROI: -3.31% Traditional ROI: 2.92%
936 Mckinley Avenue #7 Des Moines, IA Welcome to this beautifully refreshed and affordable two-story townhome offering a spaciou...	2 beds \| 2 baths \| 1,056 sq.ft.	$163,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 7.12% Airbnb Rental Income: $1098 Traditional Rental Income: $1726 Airbnb ROI: 0.7% Traditional ROI: 7.12%
2101 Meadow Court #503 Des Moines, IA Turn key townhome features close to 1400 SF finished, 2 beds, 2.5 baths and a 2 car garage...	2 beds \| 3 baths \| 1,373 sq.ft.	$177,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 8.14% Airbnb Rental Income: $1098 Traditional Rental Income: $2139 Airbnb ROI: -0.25% Traditional ROI: 8.14%
550 Indianola Road #11 Des Moines, IA Where sophisticated design meets an extraordinary view, this exceptional 2-story luxury to...	2 beds \| 3 baths \| 1,386 sq.ft.	$445,000	Airbnb cash on cash: -1.64% Traditional cash on cash: 1.48% Airbnb Rental Income: $1098 Traditional Rental Income: $2023 Airbnb ROI: -1.64% Traditional ROI: 1.48%
550 Indianola Road #7 Des Moines, IA Downtown Des Moines living at its finest! Enjoy incredible skyline views, beautiful sunset...	2 beds \| 3 baths \| 1,386 sq.ft.	$439,500	Airbnb cash on cash: -0.36% Traditional cash on cash: 3.1% Airbnb Rental Income: $1098 Traditional Rental Income: $2150 Airbnb ROI: -0.36% Traditional ROI: 3.1%
2240 E Redmond Avenue Des Moines, IA Beautiful townhome property with 3 bed, 2 bath open floor plan. Quality at its best, metic...	3 beds \| 2 baths \| 1,361 sq.ft.	$299,900	Airbnb cash on cash: 1.75% Traditional cash on cash: 6.07% Airbnb Rental Income: $1482 Traditional Rental Income: $2263 Airbnb ROI: 1.75% Traditional ROI: 6.07%
3131 Fleur Drive #206 Des Moines, IA Experience effortless, turn-key luxury in Des Moines' premier executive address. Welcome t...	1 beds \| 1 baths \| 815 sq.ft.	$215,000	Airbnb cash on cash: -5.31% Traditional cash on cash: -2% Airbnb Rental Income: $708 Traditional Rental Income: $1076 Airbnb ROI: -5.31% Traditional ROI: -2%
508 Indianola Road #8 Des Moines, IA Experience the best of urban living in the heart of Downtown Des Moines! These newly built...	2 beds \| 3 baths \| 1,386 sq.ft.	$395,000	Airbnb cash on cash: -1.86% Traditional cash on cash: 3.05% Airbnb Rental Income: $1098 Traditional Rental Income: $2543 Airbnb ROI: -1.86% Traditional ROI: 3.05%
3131 Fleur Drive #208 Des Moines, IA Rare below-market opportunity in the prestigious Park Fleur! Welcome to a sun-filled, full...	2 beds \| 2 baths \| 1,549 sq.ft.	$375,000	Airbnb cash on cash: -2.89% Traditional cash on cash: -1.05% Airbnb Rental Income: $1098 Traditional Rental Income: $1376 Airbnb ROI: -2.89% Traditional ROI: -1.05%
4429 Lower Beaver Road Des Moines, IA Beautiful 4 bedroom ranch townhome located in lower beaver and central to everything Des M...	4 beds \| 3 baths \| 1,323 sq.ft.	$335,000	Airbnb cash on cash: 2.35% Traditional cash on cash: 4.22% Airbnb Rental Income: $2054 Traditional Rental Income: $2114 Airbnb ROI: 2.35% Traditional ROI: 4.22%
938 12th Street Des Moines, IA Make the most of downtown living with the Riverwalk, Pappajohn Sculpture Park, Downtown Fa...	2 beds \| 3 baths \| 1,272 sq.ft.	$315,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 5.05% Airbnb Rental Income: $1098 Traditional Rental Income: $2051 Airbnb ROI: 0.58% Traditional ROI: 5.05%
3701 Brook Ridge Court #405 Des Moines, IA Charming and thoughtfully updated, this 2-story end-unit townhome offers a bright, invitin...	2 beds \| 2 baths \| 1,264 sq.ft.	$195,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 3.95% Airbnb Rental Income: $1098 Traditional Rental Income: $1507 Airbnb ROI: -0.27% Traditional ROI: 3.95%
5221 Village Run Avenue #1002 Des Moines, IA Enjoy easy, low-maintenance living in this inviting two-bedroom, two-bathroom townhome in ...	2 beds \| 2 baths \| 1,264 sq.ft.	$185,900	Airbnb cash on cash: -0.28% Traditional cash on cash: 4.26% Airbnb Rental Income: $1098 Traditional Rental Income: $1528 Airbnb ROI: -0.28% Traditional ROI: 4.26%
335 Forest Avenue #21 Des Moines, IA Experience modern living in the charming historic Riverbend neighborhood. Just steps from ...	2 beds \| 3 baths \| 1,456 sq.ft.	$279,500	Airbnb cash on cash: 0.4% Traditional cash on cash: 7.71% Airbnb Rental Income: $1098 Traditional Rental Income: $2651 Airbnb ROI: 0.4% Traditional ROI: 7.71%
335 Forest Avenue #22 Des Moines, IA Experience modern living in the charming, historic Riverbend neighborhood, just steps from...	2 beds \| 3 baths \| 1,456 sq.ft.	$199,900	Airbnb cash on cash: 0.95% Traditional cash on cash: 11.09% Airbnb Rental Income: $1098 Traditional Rental Income: $2651 Airbnb ROI: 0.95% Traditional ROI: 11.09%
335 Forest Avenue #23 Des Moines, IA Experience modern living in the charming, historic Riverbend neighborhood, just steps from...	2 beds \| 3 baths \| 1,478 sq.ft.	$209,900	Airbnb cash on cash: 0.86% Traditional cash on cash: 10.53% Airbnb Rental Income: $1098 Traditional Rental Income: $2651 Airbnb ROI: 0.86% Traditional ROI: 10.53%
335 Forest Avenue #24 Des Moines, IA Experience modern living in the charming, historic Riverbend neighborhood, just steps from...	2 beds \| 3 baths \| 1,498 sq.ft.	$279,500	Airbnb cash on cash: 0.4% Traditional cash on cash: 7.71% Airbnb Rental Income: $1098 Traditional Rental Income: $2651 Airbnb ROI: 0.4% Traditional ROI: 7.71%
2134 High Street Des Moines, IA Lovely end unit townhome in a great location close to everything along Ingersoll Ave and D...	2 beds \| 3 baths \| 1,104 sq.ft.	$229,900	Airbnb cash on cash: -1.2% Traditional cash on cash: 4.88% Airbnb Rental Income: $1098 Traditional Rental Income: $2048 Airbnb ROI: -1.2% Traditional ROI: 4.88%
2323 E Porter Avenue #13 Des Moines, IA Must See! Welcome to this well-maintained ground-level condo offering comfort, convenience...	2 beds \| 2 baths \| 1,014 sq.ft.	$144,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 8.19% Airbnb Rental Income: $1098 Traditional Rental Income: $1786 Airbnb ROI: 0.51% Traditional ROI: 8.19%
1343 Keosauqua Way Des Moines, IA Experience the best of downtown living in this beautifully maintained and stylish townhome...	2 beds \| 3 baths \| 1,365 sq.ft.	$349,900	Airbnb cash on cash: -0.25% Traditional cash on cash: 5.04% Airbnb Rental Income: $1098 Traditional Rental Income: $2465 Airbnb ROI: -0.25% Traditional ROI: 5.04%
450 SW 7th Street #304 Des Moines, IA Top-floor downtown Des Moines condo with the LARGEST 1-bedroom floor plan in the entire Ed...	1 beds \| 1 baths \| 890 sq.ft.	$220,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 6.21% Airbnb Rental Income: $708 Traditional Rental Income: $1700 Airbnb ROI: -0.03% Traditional ROI: 6.21%
1633 Grand Avenue Des Moines, IA Experience the energy and excitement of downtown DSM living in this stylish 3 level townho...	2 beds \| 3 baths \| 1,872 sq.ft.	$389,900	Airbnb cash on cash: 0.12% Traditional cash on cash: 5.79% Airbnb Rental Income: $1098 Traditional Rental Income: $2800 Airbnb ROI: 0.12% Traditional ROI: 5.79%
5702 Grand Avenue Des Moines, IA Introducing Westwood Estates, an exclusive luxury townhome development in the sought-after...	3 beds \| 3 baths \| 2,050 sq.ft.	$699,000	Airbnb cash on cash: -1.1% Traditional cash on cash: 1.83% Airbnb Rental Income: $1482 Traditional Rental Income: $2953 Airbnb ROI: -1.1% Traditional ROI: 1.83%
5734 Grand Avenue Des Moines, IA Introducing Westwood Estates, an exclusive luxury townhome development in the sought-after...	3 beds \| 3 baths \| 2,350 sq.ft.	$799,000	Airbnb cash on cash: -1.28% Traditional cash on cash: 1.45% Airbnb Rental Income: $1482 Traditional Rental Income: $3079 Airbnb ROI: -1.28% Traditional ROI: 1.45%
100 Market Street #215 Des Moines, IA ONE OF A KIND! This executive downtown loft is what dreams are made of - facing the I-Cubs...	2 beds \| 2 baths \| 1,750 sq.ft.	$610,000	Airbnb cash on cash: -1.66% Traditional cash on cash: 0.88% Airbnb Rental Income: $1098 Traditional Rental Income: $2171 Airbnb ROI: -1.66% Traditional ROI: 0.88%
3031 Grand Avenue #317 Des Moines, IA Seller incentive: Seller will pay the first two months of HOA dues for the new owner! Beau...	2 beds \| 2 baths \| 1,285 sq.ft.	$225,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 5.76% Airbnb Rental Income: $1098 Traditional Rental Income: $1929 Airbnb ROI: 0.11% Traditional ROI: 5.76%
1310 Murphy Street #104 Des Moines, IA	1 beds \| 1 baths \| 764 sq.ft.	$241,900	Airbnb cash on cash: -1.2% Traditional cash on cash: 5% Airbnb Rental Income: $708 Traditional Rental Income: $1819 Airbnb ROI: -1.2% Traditional ROI: 5%
417 SW 12th Street Des Moines, IA Seller is offering concessions for a rate buy down. Welcome home to this beautiful two sto...	3 beds \| 3 baths \| 1,476 sq.ft.	$339,900	Airbnb cash on cash: 0.5% Traditional cash on cash: 5.12% Airbnb Rental Income: $1482 Traditional Rental Income: $2520 Airbnb ROI: 0.5% Traditional ROI: 5.12%
2300 E Luster Lane #5 Des Moines, IA Enjoy easy living in this spacious end-unit ranch townhome featuring an open floor plan an...	3 beds \| 3 baths \| 1,454 sq.ft.	$225,000	Airbnb cash on cash: 1.81% Traditional cash on cash: 7.59% Airbnb Rental Income: $1482 Traditional Rental Income: $2277 Airbnb ROI: 1.81% Traditional ROI: 7.59%
120 SW 5th Street #207 Des Moines, IA Seller is open to purchasing a rate buydown! Love the nightlife? Crave the energy of downt...	1 beds \| 1 baths \| 834 sq.ft.	$265,000	Airbnb cash on cash: -1.47% Traditional cash on cash: 2.57% Airbnb Rental Income: $708 Traditional Rental Income: $1411 Airbnb ROI: -1.47% Traditional ROI: 2.57%
280 E Center Street Des Moines, IA Perfectly positioned on the highest point of The Banks neighborhood, 280 E Center has quit...	3 beds \| 4 baths \| 2,232 sq.ft.	$630,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 3.87% Airbnb Rental Income: $1482 Traditional Rental Income: $3312 Airbnb ROI: 0.01% Traditional ROI: 3.87%
5248 Meredith Drive Des Moines, IA Welcome to this beautifully maintained end-unit townhome in the desirable Northwoods Townh...	2 beds \| 2 baths \| 1,138 sq.ft.	$165,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 8.68% Airbnb Rental Income: $1098 Traditional Rental Income: $1917 Airbnb ROI: 1.11% Traditional ROI: 8.68%
111 10th Street #309 Des Moines, IA WOW! 12 MONTHS OF HOA PAYMENTS INCLUDED WITH AN ACCEPTABLE OFFER-An unbelievable VALUE! Ex...	1 beds \| 2 baths \| 1,301 sq.ft.	$239,999	Airbnb cash on cash: -1.88% Traditional cash on cash: 4.63% Airbnb Rental Income: $708 Traditional Rental Income: $1877 Airbnb ROI: -1.88% Traditional ROI: 4.63%
3131 Fleur Drive #803 Des Moines, IA Eighth-floor living at the Park Fleur with a view that will never change. This 2,277 sq ft...	3 beds \| 3 baths \| 2,277 sq.ft.	$625,000	Airbnb cash on cash: -1.14% Traditional cash on cash: 2.09% Airbnb Rental Income: $1482 Traditional Rental Income: $2931 Airbnb ROI: -1.14% Traditional ROI: 2.09%
459 SW 12th Street Des Moines, IA DOWNTOWN living at its best! Minutes to Grays Lake. You will fall in love with this 3 bedr...	3 beds \| 3 baths \| 1,580 sq.ft.	$390,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 4.2% Airbnb Rental Income: $1482 Traditional Rental Income: $2609 Airbnb ROI: -0.07% Traditional ROI: 4.2%

Your search for investment property begins and ends here

Townhouses for Sale in Des Moines, IA

2251 E Redmond Avenue

Des Moines, IA

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

$239,900

Airbnb cash on cash: 0.01%

Traditional cash on cash: 7.03%

Airbnb Rental Income: $1098

Traditional Rental Income: $2318

Airbnb ROI: 0.01%

Traditional ROI: 7.03%

2505 53rd st

Des Moines, IA

3 beds | 2 baths | N/A

$190,000

Airbnb cash on cash: 1.39%

Traditional cash on cash: 3.73%

Airbnb Rental Income: $1482

Traditional Rental Income: $1469

Airbnb ROI: 1.39%

Traditional ROI: 3.73%

3701 Brook Ridge Court #303

Des Moines, IA

2 beds | 2 baths | 1,166 sq.ft.

$155,000

Airbnb cash on cash: 0.49%

Traditional cash on cash: 8.94%

Airbnb Rental Income: $1098

Traditional Rental Income: $1977

Airbnb ROI: 0.49%

Traditional ROI: 8.94%

500 N Valley Drive #405

Des Moines, IA

2 beds | 3 baths | 1,332 sq.ft.

$220,000

Airbnb cash on cash: -0.29%

Traditional cash on cash: 7.01%

Airbnb Rental Income: $1098

Traditional Rental Income: $2246

Airbnb ROI: -0.29%

Traditional ROI: 7.01%

3799 Village Run Drive #903

Des Moines, IA

2 beds | 2 baths | 1,308 sq.ft.

$164,000

Airbnb cash on cash: 0.26%

Traditional cash on cash: 8.56%

Airbnb Rental Income: $1098

Traditional Rental Income: $2025

Airbnb ROI: 0.26%

Traditional ROI: 8.56%

400 E Locust Street #102

Des Moines, IA

1 beds | 1 baths | 875 sq.ft.

$199,900

Airbnb cash on cash: -3.31%

Traditional cash on cash: 2.92%

Airbnb Rental Income: $708

Traditional Rental Income: $1582

Airbnb ROI: -3.31%

Traditional ROI: 2.92%

936 Mckinley Avenue #7

Des Moines, IA

2 beds | 2 baths | 1,056 sq.ft.

$163,000

Airbnb cash on cash: 0.7%

Traditional cash on cash: 7.12%

Airbnb Rental Income: $1098

Traditional Rental Income: $1726

Airbnb ROI: 0.7%

Traditional ROI: 7.12%

2101 Meadow Court #503

Des Moines, IA

2 beds | 3 baths | 1,373 sq.ft.

$177,000

Airbnb cash on cash: -0.25%

Traditional cash on cash: 8.14%

Airbnb Rental Income: $1098

Traditional Rental Income: $2139

Airbnb ROI: -0.25%