Real Estate Investment Properties for Sale in Norwalk, IA

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1402 Green Hills Drive Norwalk, IA Ever wonder what it would be like to have a small-town experience yet close to everything ...	4 beds \| 4 baths \| 1,643 sq.ft.	$325,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 6.33% Airbnb Rental Income: $2094 Traditional Rental Income: $2936 Airbnb ROI: 1.82% Traditional ROI: 6.33%
1408 Warrior Run Drive Norwalk, IA Like-new ranch in Warrior Run with thoughtful upgrades and a view of green space you'll lo...	4 beds \| 4 baths \| 1,686 sq.ft.	$459,900	Airbnb cash on cash: 1% Traditional cash on cash: 3.84% Airbnb Rental Income: $2094 Traditional Rental Income: $2778 Airbnb ROI: 1% Traditional ROI: 3.84%
1106 E 28th Street Norwalk, IA Welcome to this stylish 1,915 sq. ft. 2-story townhome offering 3 bedrooms, 2.5 baths, and...	3 beds \| 3 baths \| 1,640 sq.ft.	$275,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 6.51% Airbnb Rental Income: $1369 Traditional Rental Income: $2646 Airbnb ROI: -0.02% Traditional ROI: 6.51%
2717 Lexington Drive Norwalk, IA Experience luxury living in this stunning walk-out ranch overlooking hole #4 at the Legacy...	4 beds \| 3 baths \| 1,662 sq.ft.	$525,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 2.34% Airbnb Rental Income: $2094 Traditional Rental Income: $2549 Airbnb ROI: 0.31% Traditional ROI: 2.34%
125 Aspen Drive Norwalk, IA Ready for your next dream home? This stunning, home is just 5 years young and shows like a...	3 beds \| 3 baths \| 1,561 sq.ft.	$328,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 5.45% Airbnb Rental Income: $1369 Traditional Rental Income: $2515 Airbnb ROI: 0.38% Traditional ROI: 5.45%
711 Kitterman Circle Norwalk, IA This ranch townhome with NO HOA is a rare find in Norwalk, screaming pride of ownership! T...	3 beds \| 3 baths \| 1,162 sq.ft.	$250,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 5.3% Airbnb Rental Income: $1369 Traditional Rental Income: $1923 Airbnb ROI: 1.19% Traditional ROI: 5.3%
639 Pine Avenue Norwalk, IA 24 Hour Sale. Portland Plan Destiny Homes presents the new Portland Ranch. The Portlan...	3 beds \| 2 baths \| 1,492 sq.ft.	$356,050	Airbnb cash on cash: 0.01% Traditional cash on cash: 3.78% Airbnb Rental Income: $1369 Traditional Rental Income: $2212 Airbnb ROI: 0.01% Traditional ROI: 3.78%
618 Mafred Drive Norwalk, IA Check out this must-see Norwalk ranch home with a kitchen you'll instantly fall in love wi...	4 beds \| 2 baths \| 1,246 sq.ft.	$290,000	Airbnb cash on cash: 2.72% Traditional cash on cash: 5.27% Airbnb Rental Income: $2094 Traditional Rental Income: $2252 Airbnb ROI: 2.72% Traditional ROI: 5.27%
1409 E 19th Street Norwalk, IA Nestled on a quiet cul-de-sac, this beautifully updated 4 bed, 3 bath home offers the perf...	4 beds \| 4 baths \| 1,649 sq.ft.	$354,900	Airbnb cash on cash: 1.88% Traditional cash on cash: 4.83% Airbnb Rental Income: $2094 Traditional Rental Income: $2539 Airbnb ROI: 1.88% Traditional ROI: 4.83%
2920 Oak Street Norwalk, IA Stunning 2-Story home in Timber Ridge! From the charming front porch, step into a dedicate...	5 beds \| 5 baths \| 2,426 sq.ft.	$535,000	Airbnb cash on cash: -0.98% Traditional cash on cash: 5.31% Airbnb Rental Income: $1364 Traditional Rental Income: $4094 Airbnb ROI: -0.98% Traditional ROI: 5.31%
1909 Timberview Drive Norwalk, IA Welcome home to this 3BR/2BA ranch on a walkout lot! This thoughtfully designed home offer...	3 beds \| 2 baths \| 1,681 sq.ft.	$499,000	Airbnb cash on cash: -0.48% Traditional cash on cash: 1.59% Airbnb Rental Income: $1369 Traditional Rental Income: $1916 Airbnb ROI: -0.48% Traditional ROI: 1.59%
405 Aspen Drive Norwalk, IA Welcome to easy living in this beautiful ranch-style townhome, located in a quiet, friendl...	2 beds \| 2 baths \| 1,292 sq.ft.	$224,900	Airbnb cash on cash: 0.37% Traditional cash on cash: 5.05% Airbnb Rental Income: $1326 Traditional Rental Income: $1912 Airbnb ROI: 0.37% Traditional ROI: 5.05%
1716 Ashwood Avenue Norwalk, IA Looking for main floor living? Or maybe a little separation between the primary bedroom an...	3 beds \| 3 baths \| 1,785 sq.ft.	$305,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 6.7% Airbnb Rental Income: $1369 Traditional Rental Income: $2662 Airbnb ROI: 0.74% Traditional ROI: 6.7%
2700 Yordi Drive Norwalk, IA Welcome to this stylish and move-in ready townhouse offering modern finishes, flexible liv...	3 beds \| 3 baths \| 957 sq.ft.	$275,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 5.08% Airbnb Rental Income: $1369 Traditional Rental Income: $2028 Airbnb ROI: 0.93% Traditional ROI: 5.08%
601 Orchard Hills Drive unit: 7008 #7008 Norwalk, IA Don't miss this one - it is like NEW! Welcome to this beautifully maintained townhome in t...	3 beds \| 3 baths \| 1,518 sq.ft.	$225,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 4.76% Airbnb Rental Income: $1369 Traditional Rental Income: $1865 Airbnb ROI: 0.47% Traditional ROI: 4.76%
9299 Golden Valley Drive Norwalk, IA Welcome to your perfect retreat! This 4-bedroom split-level home offers comfort, space, an...	4 beds \| 2 baths \| 1,095 sq.ft.	$272,000	Airbnb cash on cash: 3% Traditional cash on cash: 3.24% Airbnb Rental Income: $2094 Traditional Rental Income: $1617 Airbnb ROI: 3% Traditional ROI: 3.24%
601 Orchard Hills Drive unit: 3005 #3005 Norwalk, IA CHECK OUT this spacious 2-story, end-unit townhome that offers excellent curb appeal, a pa...	2 beds \| 2 baths \| 1,386 sq.ft.	$199,900	Airbnb cash on cash: 0.44% Traditional cash on cash: 3.94% Airbnb Rental Income: $1326 Traditional Rental Income: $1581 Airbnb ROI: 0.44% Traditional ROI: 3.94%
1703 Silver Maple Drive Norwalk, IA Why wait to build when you can move right into this stunning, like -new 2024 Grace Allen H...	5 beds \| 3 baths \| 1,509 sq.ft.	$569,000	Airbnb cash on cash: -0.95% Traditional cash on cash: 1.79% Airbnb Rental Income: $1364 Traditional Rental Income: $2402 Airbnb ROI: -0.95% Traditional ROI: 1.79%
340 Marie Avenue Norwalk, IA Step inside this Gladiator Home, where every detail reigns supreme. This TURBO 1773 plan i...	4 beds \| 3 baths \| 1,773 sq.ft.	$339,900	Airbnb cash on cash: 1.91% Traditional cash on cash: 5.58% Airbnb Rental Income: $2094 Traditional Rental Income: $2731 Airbnb ROI: 1.91% Traditional ROI: 5.58%
2909 Crest View Circle Norwalk, IA Welcome to your dream walkout lot, nestled on a serene cul-de-sac with breathtaking pond v...	4 beds \| 3 baths \| 1,849 sq.ft.	$654,900	Airbnb cash on cash: 1.37% Traditional cash on cash: 2.58% Airbnb Rental Income: $2094 Traditional Rental Income: $2297 Airbnb ROI: 1.37% Traditional ROI: 2.58%
314 Sycamore Drive Norwalk, IA Welcome to this beautiful new construction 2-bedroom, 2.5-bathroom, 2-story townhome with ...	2 beds \| 3 baths \| 1,420 sq.ft.	$244,900	Airbnb cash on cash: 1.01% Traditional cash on cash: 7.43% Airbnb Rental Income: $1326 Traditional Rental Income: $2401 Airbnb ROI: 1.01% Traditional ROI: 7.43%
904 Spruce Avenue Norwalk, IA Welcome to the Arthur II plan by Greenland Homes! This stunning 2 story home resides in Su...	4 beds \| 3 baths \| 1,526 sq.ft.	$325,000	Airbnb cash on cash: 2.16% Traditional cash on cash: 5.54% Airbnb Rental Income: $2094 Traditional Rental Income: $2588 Airbnb ROI: 2.16% Traditional ROI: 5.54%
9364 Brooks Place Norwalk, IA Welcome to our stunning East plan, full of natural light and warm inviting accents. A litt...	3 beds \| 4 baths \| 1,997 sq.ft.	$429,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 4.84% Airbnb Rental Income: $1369 Traditional Rental Income: $3341 Airbnb ROI: -1.11% Traditional ROI: 4.84%
9373 Brooks Place Norwalk, IA Our stunning West plan is an impressive 2,581 finished SF. Warm laminate wood flooring wel...	3 beds \| 4 baths \| 1,906 sq.ft.	$414,000	Airbnb cash on cash: -1.06% Traditional cash on cash: 5.2% Airbnb Rental Income: $1369 Traditional Rental Income: $3379 Airbnb ROI: -1.06% Traditional ROI: 5.2%
9365 Brooks Place Norwalk, IA Our stunning West plan is an impressive 2,581 finished SF. Warm laminate wood flooring wel...	3 beds \| 4 baths \| 1,906 sq.ft.	$399,900	Airbnb cash on cash: -1% Traditional cash on cash: 5.63% Airbnb Rental Income: $1369 Traditional Rental Income: $3439 Airbnb ROI: -1% Traditional ROI: 5.63%
9360 Brooks Place Norwalk, IA Welcome to our stunning East plan, full of natural light and warm inviting accents. A litt...	3 beds \| 4 baths \| 1,997 sq.ft.	$439,000	Airbnb cash on cash: -1.14% Traditional cash on cash: 4.67% Airbnb Rental Income: $1369 Traditional Rental Income: $3341 Airbnb ROI: -1.14% Traditional ROI: 4.67%
9441 Coneflower Circle Norwalk, IA Discover this immaculate 5-bedroom executive ranch home, perfectly situated on a beautiful...	5 beds \| 5 baths \| 2,328 sq.ft.	$934,900	Airbnb cash on cash: -1.6% Traditional cash on cash: 1.06% Airbnb Rental Income: $1364 Traditional Rental Income: $3268 Airbnb ROI: -1.6% Traditional ROI: 1.06%
601 Orchard Hills Drive #1003 Norwalk, IA Welcome home to this charming 2-bedroom, 1.5-bath townhouse in the heart of Norwalk, Iowa!...	2 beds \| 2 baths \| 1,348 sq.ft.	$175,000	Airbnb cash on cash: 2.71% Traditional cash on cash: 8.86% Airbnb Rental Income: $1326 Traditional Rental Income: $1940 Airbnb ROI: 2.71% Traditional ROI: 8.86%
305 S Valley View Drive Norwalk, IA Step inside and discover a blend of modern design and comfort that's perfect for anyone lo...	3 beds \| 2 baths \| 1,346 sq.ft.	$340,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 4.05% Airbnb Rental Income: $1369 Traditional Rental Income: $2214 Airbnb ROI: 0.1% Traditional ROI: 4.05%
201 S Valley View Drive Norwalk, IA Welcome to 201 S Valley View Drive. Where cozy meets clean modern living. This brand-new r...	3 beds \| 2 baths \| 1,346 sq.ft.	$335,000	Airbnb cash on cash: 0.14% Traditional cash on cash: 4% Airbnb Rental Income: $1369 Traditional Rental Income: $2166 Airbnb ROI: 0.14% Traditional ROI: 4%
719 Greenwell Place Norwalk, IA RATE BUY DOWN 1 Year:1% rate buy down offered with Preferred Lender 8/31. Signature Co...	2 beds \| 2 baths \| 1,393 sq.ft.	$224,900	Airbnb cash on cash: 0.49% Traditional cash on cash: 6.33% Airbnb Rental Income: $1326 Traditional Rental Income: $2160 Airbnb ROI: 0.49% Traditional ROI: 6.33%
617 W Wright Road Norwalk, IA Great opportunity to be in Norwalk! Homes starting at 310k on a slab. Southern exposure to...	3 beds \| 3 baths \| 1,593 sq.ft.	$289,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 6.31% Airbnb Rental Income: $1369 Traditional Rental Income: $2524 Airbnb ROI: 0.56% Traditional ROI: 6.31%
625 W Wright Road Norwalk, IA SFH 2 story with quality construction you would expect from John Larson Homes. Southern ex...	3 beds \| 3 baths \| 1,593 sq.ft.	$289,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 6.35% Airbnb Rental Income: $1369 Traditional Rental Income: $2533 Airbnb ROI: 0.56% Traditional ROI: 6.35%
7557 30th Avenue Norwalk, IA Escape to tranquility with this spacious 5-bedroom home nestled on a serene 6-acre estate,...	5 beds \| 3 baths \| 2,080 sq.ft.	$599,000	Airbnb cash on cash: -0.48% Traditional cash on cash: 2.94% Airbnb Rental Income: $1364 Traditional Rental Income: $2861 Airbnb ROI: -0.48% Traditional ROI: 2.94%
623 W Wright Road Norwalk, IA SFH 2 story with quality construction you would expect from John Larson Homes. Southern ex...	3 beds \| 3 baths \| 1,593 sq.ft.	$289,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 6.31% Airbnb Rental Income: $1369 Traditional Rental Income: $2524 Airbnb ROI: 0.56% Traditional ROI: 6.31%
2909 Yordi Drive Norwalk, IA Welcome to one of Norwalk's fastest-growing communities, Brody's Landing! Conveniently loc...	4 beds \| 3 baths \| 1,809 sq.ft.	$314,990	Airbnb cash on cash: 2.32% Traditional cash on cash: 6.28% Airbnb Rental Income: $2094 Traditional Rental Income: $2727 Airbnb ROI: 2.32% Traditional ROI: 6.28%
2913 Yordi Drive Norwalk, IA Welcome to Brody's Landing, where smaller lots mean less maintenance and more time to enjo...	3 beds \| 3 baths \| 1,697 sq.ft.	$319,990	Airbnb cash on cash: 0.24% Traditional cash on cash: 5.7% Airbnb Rental Income: $1369 Traditional Rental Income: $2595 Airbnb ROI: 0.24% Traditional ROI: 5.7%
2901 Yordi Drive Norwalk, IA Looking for more time to enjoy your weekends? Brody's Landing has you covered! This desira...	4 beds \| 3 baths \| 1,809 sq.ft.	$314,990	Airbnb cash on cash: 2.32% Traditional cash on cash: 6.32% Airbnb Rental Income: $2094 Traditional Rental Income: $2739 Airbnb ROI: 2.32% Traditional ROI: 6.32%
5087 Fulton Street Norwalk, IA Location, location, location! Looking for a project with great development potential, take...	3 beds \| 2 baths \| 1,516 sq.ft.	$315,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 5.55% Airbnb Rental Income: $1369 Traditional Rental Income: $2297 Airbnb ROI: 1.01% Traditional ROI: 5.55%
612 W Walnut Place Norwalk, IA Step inside this Gladiator Home, where every detail reigns supreme. The SABRE 1275 plan wi...	4 beds \| 3 baths \| 1,275 sq.ft.	$389,900	Airbnb cash on cash: 1.42% Traditional cash on cash: 3.48% Airbnb Rental Income: $2094 Traditional Rental Income: $2309 Airbnb ROI: 1.42% Traditional ROI: 3.48%

Real Estate investment in Norwalk, IA

There are 128 properties for sale in the city of Norwalk . The median list price in Norwalk is $319,900 and the average price per square foot is $197. In September 2025, the average monthly cash on cash return in Norwalk is 5.00%. The average monthly rental income in Norwalk is $2,524.

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

There are 128 investment properties available for sale in Norwalk.

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

The ROI for Long-Term is higher than the Short-Term in Norwalk with average rental income of $2,524.

Your search for investment property begins and ends here

Investment Property for Sale in Norwalk, IA

1402 Green Hills Drive

Norwalk, IA

4 beds | 4 baths | 1,643 sq.ft.

$325,000

Airbnb cash on cash: 1.82%

Traditional cash on cash: 6.33%

Airbnb Rental Income: $2094

Traditional Rental Income: $2936

Airbnb ROI: 1.82%

Traditional ROI: 6.33%

1408 Warrior Run Drive

Norwalk, IA

4 beds | 4 baths | 1,686 sq.ft.

$459,900

Airbnb cash on cash: 1%

Traditional cash on cash: 3.84%

Airbnb Rental Income: $2094

Traditional Rental Income: $2778

Airbnb ROI: 1%

Traditional ROI: 3.84%

1106 E 28th Street

Norwalk, IA

3 beds | 3 baths | 1,640 sq.ft.

$275,000

Airbnb cash on cash: -0.02%

Traditional cash on cash: 6.51%

Airbnb Rental Income: $1369

Traditional Rental Income: $2646

Airbnb ROI: -0.02%

Traditional ROI: 6.51%

2717 Lexington Drive

Norwalk, IA

4 beds | 3 baths | 1,662 sq.ft.

$525,000

Airbnb cash on cash: 0.31%

Traditional cash on cash: 2.34%

Airbnb Rental Income: $2094

Traditional Rental Income: $2549

Airbnb ROI: 0.31%

Traditional ROI: 2.34%

125 Aspen Drive

Norwalk, IA

3 beds | 3 baths | 1,561 sq.ft.

$328,000

Airbnb cash on cash: 0.38%

Traditional cash on cash: 5.45%

Airbnb Rental Income: $1369

Traditional Rental Income: $2515

Airbnb ROI: 0.38%

Traditional ROI: 5.45%

711 Kitterman Circle

Norwalk, IA

3 beds | 3 baths | 1,162 sq.ft.

$250,000

Airbnb cash on cash: 1.19%

Traditional cash on cash: 5.3%

Airbnb Rental Income: $1369

Traditional Rental Income: $1923

Airbnb ROI: 1.19%

Traditional ROI: 5.3%

639 Pine Avenue

Norwalk, IA

3 beds | 2 baths | 1,492 sq.ft.

$356,050

Airbnb cash on cash: 0.01%

Traditional cash on cash: 3.78%

Airbnb Rental Income: $1369

Traditional Rental Income: $2212

Airbnb ROI: 0.01%

Traditional ROI: 3.78%

618 Mafred Drive

Norwalk, IA

4 beds | 2 baths | 1,246 sq.ft.

$290,000

Airbnb cash on cash: 2.72%

Traditional cash on cash: 5.27%

Airbnb Rental Income: $2094

Traditional Rental Income: $2252

Airbnb ROI: 2.72%