Real Estate Investment Properties for Sale in Iowa

Looking for investment property in Iowa with high ROI ?

Explore a variety of short-term homes & houses in Iowa. Invest wisely with VRBO & Iowa Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Townhouses for Sale in Iowa

Search for Townhouse for Sale in 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 627 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
1254 Foster Road Iowa City, IA Welcome home to this beautiful condo in Iowa Cityâs highly sought-after Peninsula Neighb...	2 beds \| 4 baths \| 1,788 sq.ft.	$340,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 4.45% Airbnb Rental Income: $1665 Traditional Rental Income: $2535 Airbnb ROI: 0.26% Traditional ROI: 4.45%
4697 Herbert Hoover Hwy SE Iowa City, IA Luxury Churchill Meadows townhome featuring an open floor plan, granite counters, gas fire...	3 beds \| 3 baths \| 1,641 sq.ft.	$269,900	Airbnb cash on cash: 0.77% Traditional cash on cash: 6.63% Airbnb Rental Income: $1565 Traditional Rental Income: $2605 Airbnb ROI: 0.77% Traditional ROI: 6.63%
244 4th Avenue W Clinton, IA Turn-key, move in-ready townhome! Offering a generous living space with 3 bedrooms and 2 1...	3 beds \| 3 baths \| 1,780 sq.ft.	$220,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 8.93% Airbnb Rental Income: $1188 Traditional Rental Income: $2459 Airbnb ROI: 0.98% Traditional ROI: 8.93%
1111 Pueblo Drive Nevada, IA Welcome to 1111 Pueblo Drive in Nevada!Step into this well maintained townhome featuring 3...	3 beds \| 3 baths \| 922 sq.ft.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.52% Airbnb Rental Income: $null Traditional Rental Income: $2333 Airbnb ROI: N/A Traditional ROI: 5.52%
1104 Cheyenne Drive Nevada, IA Experience style and comfort at 1104 Cheyenne, where quartz countertops, stainless steel a...	3 beds \| 2 baths \| 1,328 sq.ft.	$234,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.44% Airbnb Rental Income: $null Traditional Rental Income: $2409 Airbnb ROI: N/A Traditional ROI: 7.44%
1634 Prairie Circle Altoona, IA This lovely 3-bedroom, 3-bath townhome in the desirable Prairie Village neighborhood of Al...	3 beds \| 3 baths \| 1,198 sq.ft.	$204,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.08% Airbnb Rental Income: $1317 Traditional Rental Income: $2090 Airbnb ROI: N/A Traditional ROI: 6.08%
849 SE Delaware Avenue Ankeny, IA Welcome home to this beautifully updated ranch townhome, full of comfort and charm! With 4...	4 beds \| 3 baths \| 1,560 sq.ft.	$355,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 3.04% Airbnb Rental Income: $2345 Traditional Rental Income: $2070 Airbnb ROI: 2.12% Traditional ROI: 3.04%
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.	$250,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 6.42% Airbnb Rental Income: $1129 Traditional Rental Income: $2332 Airbnb ROI: -0.28% Traditional ROI: 6.42%
545 10th Street Waukee, IA Absolute gem, end unit in small private complex w over 2500+ sq ft of finished living spac...	4 beds \| 4 baths \| 1,706 sq.ft.	$300,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 6.1% Airbnb Rental Income: $1665 Traditional Rental Income: $2642 Airbnb ROI: 0.99% Traditional ROI: 6.1%
533 Spring Crest Lane Waukee, IA Discover unbeatable value in this 4-bedroom, 4-bath townhome offering an incredible 2,386s...	4 beds \| 4 baths \| 1,706 sq.ft.	$299,400	Airbnb cash on cash: 0.91% Traditional cash on cash: 6.05% Airbnb Rental Income: $1665 Traditional Rental Income: $2649 Airbnb ROI: 0.91% Traditional ROI: 6.05%
3166 SW Arlan Lane Ankeny, IA Stylish, Sun-Filled End-Unit Townhome with Modern Updates and 2-Car Garage! Welcome to thi...	2 beds \| 3 baths \| 1,152 sq.ft.	$190,000	Airbnb cash on cash: 6.89% Traditional cash on cash: 6.9% Airbnb Rental Income: $2585 Traditional Rental Income: $1968 Airbnb ROI: 6.89% Traditional ROI: 6.9%
4714 Todd Drive Ames, IA Welcome to this spacious 3-bedroom, 2.5-bathroom townhouse that blends comfort, convenienc...	3 beds \| 3 baths \| 1,314 sq.ft.	$214,900	Airbnb cash on cash: 2.39% Traditional cash on cash: 7.03% Airbnb Rental Income: $1728 Traditional Rental Income: $2194 Airbnb ROI: 2.39% Traditional ROI: 7.03%
5827 Marble Circle Johnston, IA Welcome to this beautiful and well maintained 3-bedroom, 3-bathroom townhome. Move-in read...	3 beds \| 3 baths \| 1,480 sq.ft.	$244,900	Airbnb cash on cash: 0.26% Traditional cash on cash: 6.01% Airbnb Rental Income: $1394 Traditional Rental Income: $2303 Airbnb ROI: 0.26% Traditional ROI: 6.01%
908 NE 57th Lane Ankeny, IA Looking for a move-in ready home in NE Ankeny? This stunning 3-bed, 3-bath end-unit townho...	3 beds \| 3 baths \| 1,380 sq.ft.	$219,900	Airbnb cash on cash: 4.4% Traditional cash on cash: 7.62% Airbnb Rental Income: $2315 Traditional Rental Income: $2412 Airbnb ROI: 4.4% Traditional ROI: 7.62%
2500 NE 6th Street Grimes, IA Check out this bi-attached home in Grimes! The kitchen features quartz countertops, extra ...	3 beds \| 3 baths \| 1,335 sq.ft.	$378,500	Airbnb cash on cash: -0.35% Traditional cash on cash: 4.38% Airbnb Rental Income: $960 Traditional Rental Income: $2291 Airbnb ROI: -0.35% Traditional ROI: 4.38%
2502 NE 6th Street Grimes, IA Check out this bi-attached townhome in Grimes! The kitchen features quartz countertops, ex...	3 beds \| 3 baths \| 1,335 sq.ft.	$378,500	Airbnb cash on cash: -0.35% Traditional cash on cash: 3.98% Airbnb Rental Income: $960 Traditional Rental Income: $2146 Airbnb ROI: -0.35% Traditional ROI: 3.98%
2505 53rd st Des Moines, IA	3 beds \| 2 baths \| N/A	$190,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 3.73% Airbnb Rental Income: $1337 Traditional Rental Income: $1469 Airbnb ROI: 0.72% Traditional ROI: 3.73%
481 10th Street Waukee, IA Built in 2020, this Spring Crest townhome delivers modern style and zero work. The sun-lit...	3 beds \| 4 baths \| 1,445 sq.ft.	$279,900	Airbnb cash on cash: -0.53% Traditional cash on cash: 5.64% Airbnb Rental Income: $1233 Traditional Rental Income: $2467 Airbnb ROI: -0.53% Traditional ROI: 5.64%
6331 Autumn Leaf Lane Pleasant Hill, IA Welcome to this 2-bedroom, 2-bath end-unit townhome with an open floor plan. The kitchen f...	2 beds \| 2 baths \| 1,056 sq.ft.	$170,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 6.9% Airbnb Rental Income: $1211 Traditional Rental Income: $1801 Airbnb ROI: 0.85% Traditional ROI: 6.9%
12202 Madison Avenue Urbandale, IA Wonderfully updated ranch townhome in a great neighborhood. First floor laundry. All of th...	2 beds \| 3 baths \| 1,546 sq.ft.	$344,900	Airbnb cash on cash: -0.95% Traditional cash on cash: 3.19% Airbnb Rental Income: $1229 Traditional Rental Income: $2177 Airbnb ROI: -0.95% Traditional ROI: 3.19%
906 Summerset Place Indianola, IA Unique opportunity to have the convenience of townhome living with a pond view and close t...	3 beds \| 4 baths \| 1,516 sq.ft.	$274,900	Airbnb cash on cash: 1.12% Traditional cash on cash: 6.52% Airbnb Rental Income: $1519 Traditional Rental Income: $2477 Airbnb ROI: 1.12% Traditional ROI: 6.52%
1229 Honey Creek Way NE Cedar Rapids, IA Here's a gorgeous townhouse in perfect move-in condition. The galley kitchen is larger tha...	2 beds \| 4 baths \| 1,812 sq.ft.	$235,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 9.15% Airbnb Rental Income: $1103 Traditional Rental Income: $2692 Airbnb ROI: 0.32% Traditional ROI: 9.15%
290 Amberwood Drive Pleasant Hill, IA This meticulously maintained end-unit townhome in Pleasant Hill's Pine Valley development ...	3 beds \| 3 baths \| 1,617 sq.ft.	$235,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 4.59% Airbnb Rental Income: $1407 Traditional Rental Income: $1858 Airbnb ROI: 0.66% Traditional ROI: 4.59%
1001 NE 58th Lane Ankeny, IA This well-maintained 3-bedroom, 3-bathroom townhome is located on a quiet street in Northe...	3 beds \| 3 baths \| 1,380 sq.ft.	$224,000	Airbnb cash on cash: 4.27% Traditional cash on cash: 7.67% Airbnb Rental Income: $2315 Traditional Rental Income: $2461 Airbnb ROI: 4.27% Traditional ROI: 7.67%
114 Therese Avenue Anamosa, IA Welcome to this lovely home in the heart of Anamosa in a very quiet neighborhood. This bea...	3 beds \| 2 baths \| 1,704 sq.ft.	$174,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.5% Airbnb Rental Income: $null Traditional Rental Income: $2432 Airbnb ROI: N/A Traditional ROI: 11.5%
2757 SE Osier Avenue West Des Moines, IA Step into this beautiful row home featuring an open floor plan with a spacious living room...	2 beds \| 3 baths \| 1,332 sq.ft.	$226,000	Airbnb cash on cash: 1.22% Traditional cash on cash: 6.83% Airbnb Rental Income: $1567 Traditional Rental Income: $2317 Airbnb ROI: 1.22% Traditional ROI: 6.83%
544 Kelsey Lane Altoona, IA Move in ready! Put the mower and shovel away and enjoy the townhome living. This 2 bedroom...	2 beds \| 2 baths \| 1,164 sq.ft.	$179,900	Airbnb cash on cash: -0.57% Traditional cash on cash: 6.86% Airbnb Rental Income: $1033 Traditional Rental Income: $1945 Airbnb ROI: -0.57% Traditional ROI: 6.86%
220 SW Carriage Drive Ankeny, IA Discover nearly 3,600 sq ft of thoughtfully designed living space in this one-of-a-kind 3-...	3 beds \| 3 baths \| 2,180 sq.ft.	$339,900	Airbnb cash on cash: 2.68% Traditional cash on cash: 5.49% Airbnb Rental Income: $2315 Traditional Rental Income: $2639 Airbnb ROI: 2.68% Traditional ROI: 5.49%
4530 Merganser Ct. Marion, IA This move-in ready condo has been well maintained and is beautifully updated! New stove, ...	3 beds \| 3 baths \| 1,704 sq.ft.	$195,000	Airbnb cash on cash: 3.29% Traditional cash on cash: 9.7% Airbnb Rental Income: $1614 Traditional Rental Income: $2342 Airbnb ROI: 3.29% Traditional ROI: 9.7%
5794 Oakwood Avenue NE #2 Cedar Rapids, IA New HVAC and appliances being installed! Seller will pay a year of HOA dues! Gated commu...	3 beds \| 3 baths \| 2,559 sq.ft.	$229,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 7.86% Airbnb Rental Income: $1580 Traditional Rental Income: $2701 Airbnb ROI: 0.6% Traditional ROI: 7.86%
1053 NE 58th Lane Ankeny, IA Welcome to this beautiful townhome in Ankeny, located in the highly desired North Polk Sch...	2 beds \| 3 baths \| 1,331 sq.ft.	$215,000	Airbnb cash on cash: 5.68% Traditional cash on cash: 8.05% Airbnb Rental Income: $2585 Traditional Rental Income: $2449 Airbnb ROI: 5.68% Traditional ROI: 8.05%
1029 NE 58th Lane Ankeny, IA Step inside this modern 2-bedroom, 2.5-bath home designed for both comfort and style. The ...	2 beds \| 3 baths \| 1,328 sq.ft.	$217,000	Airbnb cash on cash: 5.49% Traditional cash on cash: 7.61% Airbnb Rental Income: $2585 Traditional Rental Income: $2401 Airbnb ROI: 5.49% Traditional ROI: 7.61%
6101 Manchester Lane Johnston, IA Rare End-Unit with Southeast Exposure in Prime Location! This is the only southeast-facing...	2 beds \| 3 baths \| 1,329 sq.ft.	$242,000	Airbnb cash on cash: 2.15% Traditional cash on cash: 6.74% Airbnb Rental Income: $1851 Traditional Rental Income: $2405 Airbnb ROI: 2.15% Traditional ROI: 6.74%
757 NE Macey Way Waukee, IA Why rent when you can own? This beautifully maintained end-unit townhome in the heart of W...	3 beds \| 3 baths \| 1,382 sq.ft.	$240,000	Airbnb cash on cash: 0% Traditional cash on cash: 6.39% Airbnb Rental Income: $1233 Traditional Rental Income: $2288 Airbnb ROI: 0% Traditional ROI: 6.39%
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: 1.66% Traditional cash on cash: 5.3% Airbnb Rental Income: $1503 Traditional Rental Income: $1923 Airbnb ROI: 1.66% Traditional ROI: 5.3%
2210 SW Westwood Street Ankeny, IA Finally Found Perfect townhome located in Prairie Trail! Open concept floor plan has a com...	3 beds \| 3 baths \| 1,344 sq.ft.	$365,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 3.74% Airbnb Rental Income: $2315 Traditional Rental Income: $2446 Airbnb ROI: 1.68% Traditional ROI: 3.74%
1008 NE Greenview Drive Ankeny, IA Spacious and inviting, this 3-bedroom home with a loft offers over 1,600 sqft of comfortab...	3 beds \| 3 baths \| 1,614 sq.ft.	$240,000	Airbnb cash on cash: 4.04% Traditional cash on cash: 6.65% Airbnb Rental Income: $2315 Traditional Rental Income: $2334 Airbnb ROI: 4.04% Traditional ROI: 6.65%
1570 Blaine's Way Spirit Lake, IA This 3-bedroom, 2-bath condo stands out in the Greater Lakes area. Located on a premium en...	3 beds \| 1 baths \| 1,541 sq.ft.	$394,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 2.75% Airbnb Rental Income: $1105 Traditional Rental Income: $2043 Airbnb ROI: -0.8% Traditional ROI: 2.75%
5707 NE Lowell Lane Ankeny, IA Beautiful Ankeny townhome that is in the North Polk School District! Bright, open main flo...	2 beds \| 3 baths \| 1,331 sq.ft.	$217,500	Airbnb cash on cash: 5.6% Traditional cash on cash: 6% Airbnb Rental Income: $2585 Traditional Rental Income: $2047 Airbnb ROI: 5.6% Traditional ROI: 6%
596 S Crescent Way West Des Moines, IA Location, Location Location! This updated 3-bedroom ranch townhome with a finished basemen...	3 beds \| 3 baths \| 1,278 sq.ft.	$379,900	Airbnb cash on cash: 0.04% Traditional cash on cash: 2.73% Airbnb Rental Income: $1713 Traditional Rental Income: $2195 Airbnb ROI: 0.04% Traditional ROI: 2.73%

Your search for investment property begins and ends here

Townhouses for Sale in Iowa

1254 Foster Road

Iowa City, IA

2 beds | 4 baths | 1,788 sq.ft.

$340,000

Airbnb cash on cash: 0.26%

Traditional cash on cash: 4.45%

Airbnb Rental Income: $1665

Traditional Rental Income: $2535

Airbnb ROI: 0.26%

Traditional ROI: 4.45%

4697 Herbert Hoover Hwy SE

Iowa City, IA

3 beds | 3 baths | 1,641 sq.ft.

$269,900

Airbnb cash on cash: 0.77%

Traditional cash on cash: 6.63%

Airbnb Rental Income: $1565

Traditional Rental Income: $2605

Airbnb ROI: 0.77%

Traditional ROI: 6.63%

244 4th Avenue W

Clinton, IA

3 beds | 3 baths | 1,780 sq.ft.

$220,000

Airbnb cash on cash: 0.98%

Traditional cash on cash: 8.93%

Airbnb Rental Income: $1188

Traditional Rental Income: $2459

Airbnb ROI: 0.98%

Traditional ROI: 8.93%

1111 Pueblo Drive

Nevada, IA

3 beds | 3 baths | 922 sq.ft.

$279,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.52%

Airbnb Rental Income: $null

Traditional Rental Income: $2333

Airbnb ROI: N/A

Traditional ROI: 5.52%

1104 Cheyenne Drive

Nevada, IA

3 beds | 2 baths | 1,328 sq.ft.

$234,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.44%

Airbnb Rental Income: $null

Traditional Rental Income: $2409

Airbnb ROI: N/A

Traditional ROI: 7.44%

1634 Prairie Circle

Altoona, IA

3 beds | 3 baths | 1,198 sq.ft.

$204,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.08%

Airbnb Rental Income: $1317

Traditional Rental Income: $2090

Airbnb ROI: N/A

Traditional ROI: 6.08%

849 SE Delaware Avenue

Ankeny, IA

4 beds | 3 baths | 1,560 sq.ft.

$355,000

Airbnb cash on cash: 2.12%

Traditional cash on cash: 3.04%

Airbnb Rental Income: $2345

Traditional Rental Income: $2070

Airbnb ROI: 2.12%

Traditional ROI: 3.04%

5841 SE 22nd Court

Des Moines, IA

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

$250,000

Airbnb cash on cash: -0.28%

Traditional cash on cash: 6.42%

Airbnb Rental Income: $1129

Traditional Rental Income: $2332

Airbnb ROI: -0.28%