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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
408 Center Street Norwalk, IA Charming and well-maintained 1.5-story home offering space, updates, and a fantastic locat...	4 beds \| 2 baths \| 1,354 sq.ft.	$259,000	Airbnb cash on cash: 3.5% Traditional cash on cash: 6.06% Airbnb Rental Income: $2076 Traditional Rental Income: $2167 Airbnb ROI: 3.5% Traditional ROI: 6.06%
1111 Green Hills Drive Norwalk, IA NO HOA!! Spacious and inviting 4-bedroom, 2.5-bath home featuring a functional layout with...	4 beds \| 3 baths \| 1,316 sq.ft.	$349,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 5.79% Airbnb Rental Income: $2076 Traditional Rental Income: $2844 Airbnb ROI: 1.82% Traditional ROI: 5.79%
109 Aspen Drive Norwalk, IA Beautiful 4 Bedroom Single Family Home Located in a quiet family friendly neighborhood Bui...	4 beds \| 4 baths \| 2,078 sq.ft.	$330,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 6.84% Airbnb Rental Income: $2076 Traditional Rental Income: $2947 Airbnb ROI: 2.31% Traditional ROI: 6.84%
125 Aspen Drive Norwalk, IA Welcome to 125 Aspen Drive in Norwalk, where everyday living feels simple and entertaining...	4 beds \| 3 baths \| 1,526 sq.ft.	$323,500	Airbnb cash on cash: 2.34% Traditional cash on cash: 5.54% Airbnb Rental Income: $2076 Traditional Rental Income: $2515 Airbnb ROI: 2.34% Traditional ROI: 5.54%
1111 Holly Drive Norwalk, IA At 1111 Holly Drive, you're getting the kind of home that just makes sense, updated where ...	3 beds \| 2 baths \| 932 sq.ft.	$275,000	Airbnb cash on cash: 2.79% Traditional cash on cash: 3.57% Airbnb Rental Income: $2036 Traditional Rental Income: $1709 Airbnb ROI: 2.79% Traditional ROI: 3.57%
2417 Merle Huff Avenue Norwalk, IA This one with a LARGE LOT is PRICED TO SELL!! NO BACKYARD NEIGHBORS and MATURE TREES!! Ste...	3 beds \| 2 baths \| 1,458 sq.ft.	$375,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 3.94% Airbnb Rental Income: $2036 Traditional Rental Income: $2331 Airbnb ROI: 1.6% Traditional ROI: 3.94%
645 Pine Avenue Norwalk, IA Welcome to 645 Pine Ave. This 4-bedroom, 3-bath ranch is tucked away in an established nei...	4 beds \| 3 baths \| 1,403 sq.ft.	$374,900	Airbnb cash on cash: 1.73% Traditional cash on cash: 4.46% Airbnb Rental Income: $2076 Traditional Rental Income: $2502 Airbnb ROI: 1.73% Traditional ROI: 4.46%
808 Willow Valley Drive Norwalk, IA Welcome to this beautifully crafted ranch home, designed with quality finishes throughout!...	4 beds \| 3 baths \| 1,741 sq.ft.	$534,500	Airbnb cash on cash: 0.35% Traditional cash on cash: 1.83% Airbnb Rental Income: $2076 Traditional Rental Income: $2280 Airbnb ROI: 0.35% Traditional ROI: 1.83%
2500 Acorn Street Norwalk, IA BEAUTIFUL 6.24-acre Norwalk property offering country living just minutes from convenient ...	3 beds \| 3 baths \| 3,328 sq.ft.	$599,900	Airbnb cash on cash: -0.11% Traditional cash on cash: 2.26% Airbnb Rental Income: $2036 Traditional Rental Income: $2836 Airbnb ROI: -0.11% Traditional ROI: 2.26%
824 Casady Drive Norwalk, IA Enjoy years of low-maintenance living in this well maintained Norwalk split foyer, perfect...	3 beds \| 2 baths \| 1,138 sq.ft.	$304,900	Airbnb cash on cash: 2.29% Traditional cash on cash: 3.77% Airbnb Rental Income: $2036 Traditional Rental Income: $1935 Airbnb ROI: 2.29% Traditional ROI: 3.77%
2704 Yordi Drive Norwalk, IA Home Ownership made affordable. Monthly payments may be cheaper than rent for a 3 bed 2.5 ...	3 beds \| 3 baths \| 957 sq.ft.	$272,000	Airbnb cash on cash: 3.25% Traditional cash on cash: 5.41% Airbnb Rental Income: $2036 Traditional Rental Income: $2063 Airbnb ROI: 3.25% Traditional ROI: 5.41%
1548 Timberview Drive Norwalk, IA This move-in-ready ranch offers 3 bedrooms and 3 bathrooms with a flexible layout. The mai...	3 beds \| 3 baths \| 1,430 sq.ft.	$399,900	Airbnb cash on cash: 1.13% Traditional cash on cash: 2.78% Airbnb Rental Income: $2036 Traditional Rental Income: $2123 Airbnb ROI: 1.13% Traditional ROI: 2.78%
1536 High Road Norwalk, IA 3-bedroom, 2.5-bath home backing to mature trees with a fully fenced yard and 2-car garage...	3 beds \| 3 baths \| 992 sq.ft.	$305,000	Airbnb cash on cash: 2.61% Traditional cash on cash: 4.33% Airbnb Rental Income: $2036 Traditional Rental Income: $2000 Airbnb ROI: 2.61% Traditional ROI: 4.33%
550 Legacy Court #58 Norwalk, IA Live just steps from Legacy Golf Club in this quality-built ranch townhome, set along the ...	3 beds \| 3 baths \| 1,656 sq.ft.	$389,900	Airbnb cash on cash: 0.04% Traditional cash on cash: 1.05% Airbnb Rental Income: $2036 Traditional Rental Income: $1878 Airbnb ROI: 0.04% Traditional ROI: 1.05%
3012 Crest View Circle Norwalk, IA Welcome to this better than new 3-bedroom walkout ranch home situated on a corner lot in a...	3 beds \| 2 baths \| 1,602 sq.ft.	$442,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 1.88% Airbnb Rental Income: $2036 Traditional Rental Income: $1891 Airbnb ROI: 0.96% Traditional ROI: 1.88%
1918 Swan Court Norwalk, IA Welcome home to this beautifully updated 3-bedroom, 3-bath two-story home in the heart of ...	3 beds \| 3 baths \| 1,380 sq.ft.	$319,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 3.19% Airbnb Rental Income: $2036 Traditional Rental Income: $1792 Airbnb ROI: 2.24% Traditional ROI: 3.19%
537 Kingston Avenue Norwalk, IA So much value in this end-unit townhome-better than new and barely lived in! Enjoy a cozy ...	3 beds \| 4 baths \| 1,638 sq.ft.	$259,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 4.51% Airbnb Rental Income: $2036 Traditional Rental Income: $2046 Airbnb ROI: 2.31% Traditional ROI: 4.51%
601 Orchard Hills Drive #5006 Norwalk, IA Prime location in growing Norwalk. End unit 1386 sf updated townhome w/a side patio w/tree...	2 beds \| 2 baths \| 1,386 sq.ft.	$199,999	Airbnb cash on cash: -2.84% Traditional cash on cash: 4.54% Airbnb Rental Income: $584 Traditional Rental Income: $1699 Airbnb ROI: -2.84% Traditional ROI: 4.54%
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: 0.48% Traditional cash on cash: 5.63% Airbnb Rental Income: $2036 Traditional Rental Income: $3439 Airbnb ROI: 0.48% Traditional ROI: 5.63%
2227 Green Leaf Circle Norwalk, IA NEW: Completed January 16, 2026. Daylight windows, 3BR Ranch!!! 3 car garage. 2 baths. App...	3 beds \| 2 baths \| 1,836 sq.ft.	$499,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 3.85% Airbnb Rental Income: $2036 Traditional Rental Income: $2616 Airbnb ROI: 1.48% Traditional ROI: 3.85%
803 Campusside Place Norwalk, IA Welcome home to the Whitfield townhome by Signature Companies-a beautifully finished 2BD/2...	2 beds \| 2 baths \| 1,399 sq.ft.	$224,900	Airbnb cash on cash: -2.42% Traditional cash on cash: 6.31% Airbnb Rental Income: $584 Traditional Rental Income: $2155 Airbnb ROI: -2.42% Traditional ROI: 6.31%
805 Campusside Place Norwalk, IA Welcome home to the Whitfield townhome by Signature Companies-a beautifully finished 2BD/2...	2 beds \| 2 baths \| 1,399 sq.ft.	$224,900	Airbnb cash on cash: -2.42% Traditional cash on cash: 6.31% Airbnb Rental Income: $584 Traditional Rental Income: $2155 Airbnb ROI: -2.42% Traditional ROI: 6.31%
807 Campusside Place Norwalk, IA Welcome home to the Whitfield townhome by Signature Companies-a beautifully finished 2BD/2...	2 beds \| 2 baths \| 1,399 sq.ft.	$229,900	Airbnb cash on cash: -2.42% Traditional cash on cash: 6.21% Airbnb Rental Income: $584 Traditional Rental Income: $2175 Airbnb ROI: -2.42% Traditional ROI: 6.21%
7124 43rd Avenue Norwalk, IA Listed below recent appraised value. Nestled on 5 scenic acres, this stunning 1.5-story ho...	4 beds \| 4 baths \| 2,553 sq.ft.	$959,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 1.55% Airbnb Rental Income: $2076 Traditional Rental Income: $3251 Airbnb ROI: -0.36% Traditional ROI: 1.55%
2257 Green Leaf Circle Norwalk, IA This 5-bedroom, 3-bath residence boasts 2,002 sq ft on the main level with an additional 1...	5 beds \| 3 baths \| 2,002 sq.ft.	$725,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 2.86% Airbnb Rental Income: $2212 Traditional Rental Income: $2740 Airbnb ROI: 1.25% Traditional ROI: 2.86%
3005 Bracken Place Norwalk, IA Welcome home to the Whitfield townhome by Signature Companies-a beautifully finished 2BD/2...	2 beds \| 2 baths \| 1,399 sq.ft.	$224,900	Airbnb cash on cash: -2.42% Traditional cash on cash: 6.37% Airbnb Rental Income: $584 Traditional Rental Income: $2169 Airbnb ROI: -2.42% Traditional ROI: 6.37%
3007 Bracken Place Norwalk, IA Welcome home to the Whitfield townhome by Signature Companies-a beautifully finished 2BD/2...	2 beds \| 2 baths \| 1,399 sq.ft.	$224,900	Airbnb cash on cash: -2.42% Traditional cash on cash: 6.37% Airbnb Rental Income: $584 Traditional Rental Income: $2169 Airbnb ROI: -2.42% Traditional ROI: 6.37%
3009 Bracken Place Norwalk, IA Welcome home to the Whitfield townhome by Signature Companies-a beautifully finished 2BD/2...	2 beds \| 2 baths \| 1,399 sq.ft.	$224,900	Airbnb cash on cash: -2.42% Traditional cash on cash: 6.37% Airbnb Rental Income: $584 Traditional Rental Income: $2169 Airbnb ROI: -2.42% Traditional ROI: 6.37%
315 Turnberry Drive Norwalk, IA PRICED BELOW ASSESSED VALUE and located in one of the areas most desirable settings, this ...	5 beds \| 4 baths \| 2,929 sq.ft.	$550,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 3.45% Airbnb Rental Income: $2212 Traditional Rental Income: $3249 Airbnb ROI: 0.35% Traditional ROI: 3.45%
920 Willow Valley Drive Norwalk, IA Introducing the Hoover Plan, the perfect blend of convenience and style in Sunset Estates!...	3 beds \| 2 baths \| 1,166 sq.ft.	$325,000	Airbnb cash on cash: 2% Traditional cash on cash: 3.79% Airbnb Rental Income: $2036 Traditional Rental Income: $2053 Airbnb ROI: 2% Traditional ROI: 3.79%
134 Aspen Drive Norwalk, IA Over 1600sf of high-quality finishes and tasteful design, this open concept ranch is like ...	3 beds \| 2 baths \| 853 sq.ft.	$299,900	Airbnb cash on cash: 2.91% Traditional cash on cash: 4.21% Airbnb Rental Income: $2036 Traditional Rental Income: $1875 Airbnb ROI: 2.91% Traditional ROI: 4.21%
710 Campusside Place Norwalk, IA Introducing the Hickory End-Unit townhome by Signature Companies-a stylish two-story desig...	3 beds \| 3 baths \| 1,605 sq.ft.	$249,900	Airbnb cash on cash: 3.45% Traditional cash on cash: 7.76% Airbnb Rental Income: $2036 Traditional Rental Income: $2526 Airbnb ROI: 3.45% Traditional ROI: 7.76%
714 Campusside Place Norwalk, IA Introducing the Hickory townhome by Signature Companies-a stylish two-story design featuri...	3 beds \| 3 baths \| 1,605 sq.ft.	$244,900	Airbnb cash on cash: 3.57% Traditional cash on cash: 7.97% Airbnb Rental Income: $2036 Traditional Rental Income: $2526 Airbnb ROI: 3.57% Traditional ROI: 7.97%
1330 E 28th Street Norwalk, IA Ground Breaker Homes is pleased to present The Greens at Warrior Run Townhomes. This END u...	3 beds \| 3 baths \| 1,645 sq.ft.	$295,900	Airbnb cash on cash: 2.53% Traditional cash on cash: 6.41% Airbnb Rental Income: $2036 Traditional Rental Income: $2589 Airbnb ROI: 2.53% Traditional ROI: 6.41%
1336 E 28th Street Norwalk, IA Ground Breaker Homes is pleased to present The Greens at Warrior Run Townhomes. This middl...	3 beds \| 3 baths \| 1,645 sq.ft.	$290,900	Airbnb cash on cash: 2.61% Traditional cash on cash: 6.56% Airbnb Rental Income: $2036 Traditional Rental Income: $2589 Airbnb ROI: 2.61% Traditional ROI: 6.56%
1342 E 28th Street Norwalk, IA Ground Breaker Homes is pleased to present The Greens at Warrior Run Townhomes. This middl...	3 beds \| 3 baths \| 1,645 sq.ft.	$290,900	Airbnb cash on cash: 2.61% Traditional cash on cash: 6.62% Airbnb Rental Income: $2036 Traditional Rental Income: $2607 Airbnb ROI: 2.61% Traditional ROI: 6.62%
2340 Green Leaf Circle Norwalk, IA Stunning Norwalk home with tax abatement! Thoughtfully designed with Hardie Plank siding, ...	5 beds \| 3 baths \| 2,131 sq.ft.	$700,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 2.04% Airbnb Rental Income: $2212 Traditional Rental Income: $3097 Airbnb ROI: -0.17% Traditional ROI: 2.04%
900 Walnut Drive Norwalk, IA Destiny Homes presents their Portland plan in Norwalk's Sunset Estates. This homes feature...	4 beds \| 3 baths \| 1,492 sq.ft.	$440,300	Airbnb cash on cash: 0.96% Traditional cash on cash: 3.61% Airbnb Rental Income: $2076 Traditional Rental Income: $2635 Airbnb ROI: 0.96% Traditional ROI: 3.61%
713 Campusside Place Norwalk, IA Welcome home to the Whitfield townhome by Signature Companies-a beautifully finished 2BD/2...	2 beds \| 2 baths \| 1,399 sq.ft.	$226,900	Airbnb cash on cash: -1.59% Traditional cash on cash: 7.51% Airbnb Rental Income: $584 Traditional Rental Income: $2252 Airbnb ROI: -1.59% Traditional ROI: 7.51%
715 Campusside Place Norwalk, IA Welcome home to the Whitfield townhome by Signature Companies-a beautifully finished 2BD/2...	2 beds \| 2 baths \| 1,399 sq.ft.	$226,900	Airbnb cash on cash: -1.59% Traditional cash on cash: 7.51% Airbnb Rental Income: $584 Traditional Rental Income: $2252 Airbnb ROI: -1.59% Traditional ROI: 7.51%

Real Estate investment in Norwalk, IA

There are 139 properties for sale in the city of Norwalk . The median list price in Norwalk is $333,590 and the average price per square foot is $211. In June 2026, the average monthly cash on cash return in Norwalk is 4.00%. The average monthly rental income in Norwalk is $2,376.

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

There are 139 investment properties available for sale in Norwalk.

In 2026, 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 $2,376.

Your search for investment property begins and ends here

Investment Property for Sale in Norwalk, IA

408 Center Street

Norwalk, IA

4 beds | 2 baths | 1,354 sq.ft.

$259,000

Airbnb cash on cash: 3.5%

Traditional cash on cash: 6.06%

Airbnb Rental Income: $2076

Traditional Rental Income: $2167

Airbnb ROI: 3.5%

Traditional ROI: 6.06%

1111 Green Hills Drive

Norwalk, IA

4 beds | 3 baths | 1,316 sq.ft.

$349,000

Airbnb cash on cash: 1.82%

Traditional cash on cash: 5.79%

Airbnb Rental Income: $2076

Traditional Rental Income: $2844

Airbnb ROI: 1.82%

Traditional ROI: 5.79%

109 Aspen Drive

Norwalk, IA

4 beds | 4 baths | 2,078 sq.ft.

$330,000

Airbnb cash on cash: 2.31%

Traditional cash on cash: 6.84%

Airbnb Rental Income: $2076

Traditional Rental Income: $2947

Airbnb ROI: 2.31%

Traditional ROI: 6.84%

125 Aspen Drive

Norwalk, IA

4 beds | 3 baths | 1,526 sq.ft.

$323,500

Airbnb cash on cash: 2.34%

Traditional cash on cash: 5.54%

Airbnb Rental Income: $2076

Traditional Rental Income: $2515

Airbnb ROI: 2.34%

Traditional ROI: 5.54%

1111 Holly Drive

Norwalk, IA

3 beds | 2 baths | 932 sq.ft.

$275,000

Airbnb cash on cash: 2.79%

Traditional cash on cash: 3.57%

Airbnb Rental Income: $2036

Traditional Rental Income: $1709

Airbnb ROI: 2.79%

Traditional ROI: 3.57%

2417 Merle Huff Avenue

Norwalk, IA

3 beds | 2 baths | 1,458 sq.ft.

$375,000

Airbnb cash on cash: 1.6%

Traditional cash on cash: 3.94%

Airbnb Rental Income: $2036

Traditional Rental Income: $2331

Airbnb ROI: 1.6%

Traditional ROI: 3.94%

645 Pine Avenue

Norwalk, IA

4 beds | 3 baths | 1,403 sq.ft.

$374,900

Airbnb cash on cash: 1.73%

Traditional cash on cash: 4.46%

Airbnb Rental Income: $2076

Traditional Rental Income: $2502

Airbnb ROI: 1.73%

Traditional ROI: 4.46%

808 Willow Valley Drive

Norwalk, IA

4 beds | 3 baths | 1,741 sq.ft.

$534,500

Airbnb cash on cash: 0.35%

Traditional cash on cash: 1.83%

Airbnb Rental Income: $2076

Traditional Rental Income: $2280

Airbnb ROI: 0.35%