Real Estate Investment Properties for Sale in Indianola, IA

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
402 W Ashland Avenue Indianola, IA 24-hour notice to show is required. A lockbox will by front door, one key for the upstairs...	4 beds \| 2 baths \| 2,112 sq.ft.	$210,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.61% Airbnb Rental Income: $null Traditional Rental Income: $2311 Airbnb ROI: N/A Traditional ROI: 8.61%
404 W Boston Avenue Indianola, IA Move-in ready with updates galore plus the historic charm you love! This home has been car...	3 beds \| 1 baths \| 1,985 sq.ft.	$225,000	Airbnb cash on cash: 2.45% Traditional cash on cash: 4.99% Airbnb Rental Income: $1561 Traditional Rental Income: $1654 Airbnb ROI: 2.45% Traditional ROI: 4.99%
1406 N B Street Indianola, IA Welcome to this beautifully maintained brick ranch nestled in a private, flower-filled set...	3 beds \| 2 baths \| 1,420 sq.ft.	$310,000	Airbnb cash on cash: 0.97% Traditional cash on cash: 3.16% Airbnb Rental Income: $1561 Traditional Rental Income: $1749 Airbnb ROI: 0.97% Traditional ROI: 3.16%
501 N 10th Street Indianola, IA Nicely updated ranch home in a well-established neighborhood. Heart of the home features a...	3 beds \| 2 baths \| 1,008 sq.ft.	$270,000	Airbnb cash on cash: 1.88% Traditional cash on cash: 4.38% Airbnb Rental Income: $1561 Traditional Rental Income: $1748 Airbnb ROI: 1.88% Traditional ROI: 4.38%
1304 S L Court Indianola, IA This stunning 4-bedroom, 3-bathroom custom-built home offers the perfect blend of privacy,...	4 beds \| 3 baths \| 1,580 sq.ft.	$539,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.01% Airbnb Rental Income: $null Traditional Rental Income: $2514 Airbnb ROI: N/A Traditional ROI: 3.01%
1805 Country Club Road Indianola, IA Gorgeous custom home-larger than it seems w/2500+ tot fin sf (+800sf partial fin bsmt) on ...	3 beds \| 3 baths \| 1,732 sq.ft.	$515,000	Airbnb cash on cash: -0.09% Traditional cash on cash: 1.91% Airbnb Rental Income: $1561 Traditional Rental Income: $2072 Airbnb ROI: -0.09% Traditional ROI: 1.91%
701 N 9th Street Indianola, IA Presenting this charming and updated ranch home just one block away from Emerson Elementar...	3 beds \| 2 baths \| 1,424 sq.ft.	$285,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 3.78% Airbnb Rental Income: $1561 Traditional Rental Income: $1761 Airbnb ROI: 1.36% Traditional ROI: 3.78%
1010 Caroline Terrace Indianola, IA This 3 bed/3 total bath home has many updates including a full kitchen renovation. This sp...	3 beds \| 3 baths \| 1,234 sq.ft.	$249,900	Airbnb cash on cash: 1.74% Traditional cash on cash: 5.34% Airbnb Rental Income: $1561 Traditional Rental Income: $1963 Airbnb ROI: 1.74% Traditional ROI: 5.34%
503 E 13th Place Indianola, IA Beautifully maintained home on quiet dead end street with beautiful views of tree lined ya...	4 beds \| 3 baths \| 1,692 sq.ft.	$345,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.46% Airbnb Rental Income: $null Traditional Rental Income: $2264 Airbnb ROI: N/A Traditional ROI: 4.46%
601 N 1st Street Indianola, IA Excellent investment opportunity near Simpson College and Indianola Square! This income-pr...	4 beds \| 2 baths \| 1,524 sq.ft.	$174,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.72% Airbnb Rental Income: $null Traditional Rental Income: $2238 Airbnb ROI: N/A Traditional ROI: 10.72%
706 S Buxton Street Indianola, IA Welcome to this well-maintained 936 sq ft ranch-style home, ideally located in an excellen...	3 beds \| 2 baths \| 936 sq.ft.	$239,000	Airbnb cash on cash: 2.37% Traditional cash on cash: 4.55% Airbnb Rental Income: $1561 Traditional Rental Income: $1604 Airbnb ROI: 2.37% Traditional ROI: 4.55%
1506 Apple Drive Indianola, IA Beautifully Updated Ranch Home with Premium Features - Meticulous Seller and Listed at SWA...	4 beds \| 3 baths \| 1,401 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.53% Airbnb Rental Income: $null Traditional Rental Income: $2104 Airbnb ROI: N/A Traditional ROI: 3.53%
7683 86th Lane Indianola, IA New Construction Scott Plan by Ground Breaker Homes on 2.06 acres lot in Vista Ridge, this...	5 beds \| 3 baths \| 1,817 sq.ft.	$699,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.58% Airbnb Rental Income: $null Traditional Rental Income: $2548 Airbnb ROI: N/A Traditional ROI: 2.58%
1310 N 6th Street Indianola, IA Looking for a newer home without the new construction price tag? This 3-bedroom, 2-bath ra...	3 beds \| 2 baths \| 1,410 sq.ft.	$289,900	Airbnb cash on cash: 1.1% Traditional cash on cash: 4.74% Airbnb Rental Income: $1561 Traditional Rental Income: $2104 Airbnb ROI: 1.1% Traditional ROI: 4.74%
19447 Highway 69 Indianola, IA Looking for something with some space to "spread your wings"? Come take a look at this 2 b...	2 beds \| 2 baths \| 960 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.91% Airbnb Rental Income: $null Traditional Rental Income: $1636 Airbnb ROI: N/A Traditional ROI: 3.91%
508 N K Street Indianola, IA This 4 bdrm Ranch home is just waiting for you! Main level includes a large family room, 3...	4 beds \| 2 baths \| 1,008 sq.ft.	$222,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.57% Airbnb Rental Income: $null Traditional Rental Income: $1592 Airbnb ROI: N/A Traditional ROI: 4.57%
1306 W 13th Place Indianola, IA Introducing the Holliwell Floorplan by Ground Breaker Homes! A stunning new construction t...	4 beds \| 3 baths \| 2,223 sq.ft.	$529,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.81% Airbnb Rental Income: $null Traditional Rental Income: $2750 Airbnb ROI: N/A Traditional ROI: 2.81%
400 W Ashland Avenue Indianola, IA Welcome to this beautifully remodeled home in the heart of Indianola's town square! This m...	5 beds \| 3 baths \| 2,584 sq.ft.	$310,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.46% Airbnb Rental Income: $null Traditional Rental Income: $2699 Airbnb ROI: N/A Traditional ROI: 7.46%
910 W Boston Avenue Indianola, IA Welcome to this charming ranch-style home on a spacious corner lot, just a short walk from...	3 beds \| 2 baths \| 998 sq.ft.	$235,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 5.08% Airbnb Rental Income: $1561 Traditional Rental Income: $1750 Airbnb ROI: 2.21% Traditional ROI: 5.08%
1506 E Girard Avenue Indianola, IA Introducing the Eldorado Plan. This remarkable two-story home offers a perfect blend of st...	3 beds \| 3 baths \| 1,354 sq.ft.	$306,850	Airbnb cash on cash: 0.98% Traditional cash on cash: 4.87% Airbnb Rental Income: $1561 Traditional Rental Income: $2235 Airbnb ROI: 0.98% Traditional ROI: 4.87%
18170 79th Lane Indianola, IA Better than new construction! This stunning custom-built ranch home is loaded w/ high-end ...	4 beds \| 4 baths \| 2,005 sq.ft.	$694,999	Airbnb cash on cash: N/A Traditional cash on cash: 2.48% Airbnb Rental Income: $null Traditional Rental Income: $3092 Airbnb ROI: N/A Traditional ROI: 2.48%
17540 140th Avenue Indianola, IA Welcome to this beautifully updated 2 bed, 1.5 bath ranch on nearly 5 acres, and only 12 m...	2 beds \| 2 baths \| 1,323 sq.ft.	$412,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.02% Airbnb Rental Income: $null Traditional Rental Income: $1890 Airbnb ROI: N/A Traditional ROI: 3.02%
311 N 19th Street Indianola, IA Welcome to this fan-favorite Cascade ranch plan by Jerry's Homes, offering the perfect ble...	3 beds \| 2 baths \| 1,474 sq.ft.	$384,990	Airbnb cash on cash: 0.23% Traditional cash on cash: 3.25% Airbnb Rental Income: $1561 Traditional Rental Income: $2203 Airbnb ROI: 0.23% Traditional ROI: 3.25%
313 N 19th Street Indianola, IA Ashton Park is one of Indianola's Fastest growing neighborhoods. On the east side of town ...	3 beds \| 2 baths \| 1,408 sq.ft.	$369,990	Airbnb cash on cash: 0.34% Traditional cash on cash: 3.42% Airbnb Rental Income: $1561 Traditional Rental Income: $2182 Airbnb ROI: 0.34% Traditional ROI: 3.42%
305 N 19th Street Indianola, IA Located in Indianola's fastest-growing neighborhood Ashton Park. The Caldwell is a functio...	3 beds \| 3 baths \| 1,565 sq.ft.	$364,990	Airbnb cash on cash: 0.38% Traditional cash on cash: 4.04% Airbnb Rental Income: $1561 Traditional Rental Income: $2365 Airbnb ROI: 0.38% Traditional ROI: 4.04%
307 N 19th Street Indianola, IA Welcome to Copeland Ranch in Ashton Park - One of Indianola's Hottest New Neighborhoods! T...	3 beds \| 2 baths \| 1,427 sq.ft.	$369,990	Airbnb cash on cash: 0.34% Traditional cash on cash: 3.25% Airbnb Rental Income: $1561 Traditional Rental Income: $2123 Airbnb ROI: 0.34% Traditional ROI: 3.25%
510 W 2nd Avenue Indianola, IA This 4 bedroom 2 bath has had a great deal of updates and ready for new owners. Roof and w...	4 beds \| 2 baths \| 1,455 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.3% Airbnb Rental Income: $null Traditional Rental Income: $2086 Airbnb ROI: N/A Traditional ROI: 6.3%
1909 E Boston Avenue Indianola, IA 24hr BTO Richland with walkout finished basement	4 beds \| 4 baths \| 2,225 sq.ft.	$499,708	Airbnb cash on cash: N/A Traditional cash on cash: 3.79% Airbnb Rental Income: $null Traditional Rental Income: $3075 Airbnb ROI: N/A Traditional ROI: 3.79%
17118 Fulton Street Indianola, IA Escape to the tranquility of country living while staying close to it all! This beautifull...	3 beds \| 2 baths \| 1,560 sq.ft.	$416,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 2.98% Airbnb Rental Income: $1561 Traditional Rental Income: $2016 Airbnb ROI: 0.66% Traditional ROI: 2.98%
718 W 3rd Avenue Indianola, IA Welcome home to this charming 2 story, 3 bedroom, 1 bathroom abode. Situated on a corner l...	3 beds \| 1 baths \| 1,326 sq.ft.	$225,000	Airbnb cash on cash: 2.51% Traditional cash on cash: 5% Airbnb Rental Income: $1561 Traditional Rental Income: $1642 Airbnb ROI: 2.51% Traditional ROI: 5%
7291 70th Avenue Indianola, IA Built in 2022, this 5-bedroom walkout ranch is situated on nearly 17 acres of timber and o...	5 beds \| 3 baths \| 3,597 sq.ft.	$949,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.54% Airbnb Rental Income: $null Traditional Rental Income: $3123 Airbnb ROI: N/A Traditional ROI: 1.54%
1401 W 14th Avenue Indianola, IA Drive up & be impressed! Stunning contemporary black & white exterior & double door entry ...	5 beds \| 5 baths \| 2,245 sq.ft.	$659,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.97% Airbnb Rental Income: $null Traditional Rental Income: $3812 Airbnb ROI: N/A Traditional ROI: 3.97%
1506 W 6th Avenue Indianola, IA Perfect Location on a Quiet Dead-End Street! Welcome to this charming and move-in-ready 2-...	2 beds \| 2 baths \| 964 sq.ft.	$206,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.51% Airbnb Rental Income: $null Traditional Rental Income: $1646 Airbnb ROI: N/A Traditional ROI: 5.51%
302 N 20th Street Indianola, IA Lolo with office, BTO 3 car	3 beds \| 3 baths \| 1,797 sq.ft.	$398,900	Airbnb cash on cash: 0.13% Traditional cash on cash: 4.06% Airbnb Rental Income: $1561 Traditional Rental Income: $2580 Airbnb ROI: 0.13% Traditional ROI: 4.06%
2010 N 7th Street Indianola, IA Great one story home! The Hamilton by DR Horton on a daylight lot. This home features: kit...	4 beds \| 3 baths \| 1,495 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.43% Airbnb Rental Income: $null Traditional Rental Income: $2405 Airbnb ROI: N/A Traditional ROI: 4.43%
801 N 15th Street Indianola, IA Welcome to 801 N 15th St - a fantastic opportunity on a spacious corner lot in Indianola! ...	4 beds \| 4 baths \| 2,918 sq.ft.	$364,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.28% Airbnb Rental Income: $null Traditional Rental Income: $3238 Airbnb ROI: N/A Traditional ROI: 6.28%
2117 W 4th Avenue Indianola, IA Ranch townhome that walks out to Deer Run Golf Course with 1440 sq ft of main floor living...	3 beds \| 3 baths \| 1,440 sq.ft.	$265,000	Airbnb cash on cash: 0.63% Traditional cash on cash: 4.67% Airbnb Rental Income: $1561 Traditional Rental Income: $2122 Airbnb ROI: 0.63% Traditional ROI: 4.67%
1105 E Henderson Place Indianola, IA Welcome to this fabulous 2-story home offering over 2,400 sq ft and loaded with charm, spa...	4 beds \| 4 baths \| 2,429 sq.ft.	$334,999	Airbnb cash on cash: N/A Traditional cash on cash: 6.89% Airbnb Rental Income: $null Traditional Rental Income: $3095 Airbnb ROI: N/A Traditional ROI: 6.89%
1205 Lancaster Way Indianola, IA Tucked on a quiet cul-de-sac, this 1-owner home offers 5BR, 3.5BA, and 2,800+ SF of finish...	5 beds \| 4 baths \| 2,838 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.76% Airbnb Rental Income: $null Traditional Rental Income: $3162 Airbnb ROI: N/A Traditional ROI: 5.76%
11838 S23 Highway Indianola, IA This acreage east of Indianola checks a lot of boxes: close to town, but not in town; pave...	5 beds \| 4 baths \| 2,418 sq.ft.	$714,400	Airbnb cash on cash: N/A Traditional cash on cash: 2.84% Airbnb Rental Income: $null Traditional Rental Income: $3255 Airbnb ROI: N/A Traditional ROI: 2.84%

Real Estate investment in Indianola, IA

There are 94 properties for sale in the city of Indianola . The median list price in Indianola is $334,999 and the average price per square foot is $200. In September 2025, the average monthly cash on cash return in Indianola is 5.00%. The average monthly rental income in Indianola is $2,191.

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

There are 94 investment properties available for sale in Indianola.

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

The ROI for Long-Term is higher than the Short-Term in Indianola with average rental income of $2,191.

Your search for investment property begins and ends here

Investment Property for Sale in Indianola, IA

402 W Ashland Avenue

Indianola, IA

4 beds | 2 baths | 2,112 sq.ft.

$210,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.61%

Airbnb Rental Income: $null

Traditional Rental Income: $2311

Airbnb ROI: N/A

Traditional ROI: 8.61%

404 W Boston Avenue

Indianola, IA

3 beds | 1 baths | 1,985 sq.ft.

$225,000

Airbnb cash on cash: 2.45%

Traditional cash on cash: 4.99%

Airbnb Rental Income: $1561

Traditional Rental Income: $1654

Airbnb ROI: 2.45%

Traditional ROI: 4.99%

1406 N B Street

Indianola, IA

3 beds | 2 baths | 1,420 sq.ft.

$310,000

Airbnb cash on cash: 0.97%

Traditional cash on cash: 3.16%

Airbnb Rental Income: $1561

Traditional Rental Income: $1749

Airbnb ROI: 0.97%

Traditional ROI: 3.16%

501 N 10th Street

Indianola, IA

3 beds | 2 baths | 1,008 sq.ft.

$270,000

Airbnb cash on cash: 1.88%

Traditional cash on cash: 4.38%

Airbnb Rental Income: $1561

Traditional Rental Income: $1748

Airbnb ROI: 1.88%

Traditional ROI: 4.38%

1304 S L Court

Indianola, IA

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

$539,500

Airbnb cash on cash: N/A

Traditional cash on cash: 3.01%

Airbnb Rental Income: $null

Traditional Rental Income: $2514

Airbnb ROI: N/A

Traditional ROI: 3.01%

1805 Country Club Road

Indianola, IA

3 beds | 3 baths | 1,732 sq.ft.

$515,000

Airbnb cash on cash: -0.09%

Traditional cash on cash: 1.91%

Airbnb Rental Income: $1561

Traditional Rental Income: $2072

Airbnb ROI: -0.09%

Traditional ROI: 1.91%

701 N 9th Street

Indianola, IA

3 beds | 2 baths | 1,424 sq.ft.

$285,000

Airbnb cash on cash: 1.36%

Traditional cash on cash: 3.78%

Airbnb Rental Income: $1561

Traditional Rental Income: $1761

Airbnb ROI: 1.36%

Traditional ROI: 3.78%

1010 Caroline Terrace

Indianola, IA

3 beds | 3 baths | 1,234 sq.ft.

$249,900

Airbnb cash on cash: 1.74%

Traditional cash on cash: 5.34%

Airbnb Rental Income: $1561

Traditional Rental Income: $1963

Airbnb ROI: 1.74%