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 587 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
354 NW Georgetown Boulevard Ankeny, IA Welcome to this well-maintained townhome in the highly sought-after Georgetown development...	2 beds \| 2 baths \| 1,140 sq.ft.	$174,500	Airbnb cash on cash: 5.49% Traditional cash on cash: 7.65% Airbnb Rental Income: $2106 Traditional Rental Income: $1925 Airbnb ROI: 5.49% Traditional ROI: 7.65%
196 Cambridge Drive West Des Moines, IA Gorgeous -3 bed, 3 bath Jordan Heights townhome just minutes from Jordan Creek Mall and qu...	3 beds \| 3 baths \| 1,520 sq.ft.	$244,000	Airbnb cash on cash: 1.43% Traditional cash on cash: 6.68% Airbnb Rental Income: $1652 Traditional Rental Income: $2399 Airbnb ROI: 1.43% Traditional ROI: 6.68%
5895 Marble Circle Johnston, IA This outstanding 3 bed, 3 bath end unit w/finished LL, lives like a single family home w/l...	3 beds \| 3 baths \| 1,520 sq.ft.	$247,000	Airbnb cash on cash: -1.72% Traditional cash on cash: 4.21% Airbnb Rental Income: $872 Traditional Rental Income: $1920 Airbnb ROI: -1.72% Traditional ROI: 4.21%
15421 Walnut Hills Drive Urbandale, IA This spacious two-story townhome offers nearly 1800 sq ft of living space (1,799 finished)...	2 beds \| 3 baths \| 1,349 sq.ft.	$239,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 5.74% Airbnb Rental Income: $1168 Traditional Rental Income: $2125 Airbnb ROI: -0.2% Traditional ROI: 5.74%
1110 Cheyenne Dr Nevada, IA Very well maintained 2-story twin home. Located on the West side of Nevada with easy acces...	3 beds \| 2 baths \| 375 sq.ft.	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.91% Airbnb Rental Income: $null Traditional Rental Income: $1797 Airbnb ROI: N/A Traditional ROI: 4.91%
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%
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.	$345,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 3.82% Airbnb Rental Income: $1635 Traditional Rental Income: $2288 Airbnb ROI: 0.38% Traditional ROI: 3.82%
2405 3rd Avenue SE Altoona, IA **Welcome to this beautiful resale townhome in Laird Estates with 3 bedroom, 3 bath and cl...	3 beds \| 3 baths \| 1,378 sq.ft.	$360,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 3.89% Airbnb Rental Income: $998 Traditional Rental Income: $2422 Airbnb ROI: -1.38% Traditional ROI: 3.89%
2005 SW 35th St #1602 Ankeny, IA Welcome home to this beautifully maintained end-unit Story Townhouse located in the desira...	2 beds \| 3 baths \| 1,373 sq.ft.	$221,900	Airbnb cash on cash: 4.51% Traditional cash on cash: 7.18% Airbnb Rental Income: $2106 Traditional Rental Income: $2126 Airbnb ROI: 4.51% Traditional ROI: 7.18%
2220 NW Bayberry Lane Ankeny, IA Welcome to 2220 NW Bayberry Lane, this two-story townhome offers space, style, and a locat...	3 beds \| 3 baths \| 1,511 sq.ft.	$249,900	Airbnb cash on cash: 1.22% Traditional cash on cash: 5.72% Airbnb Rental Income: $1615 Traditional Rental Income: $2218 Airbnb ROI: 1.22% Traditional ROI: 5.72%
6151 Bristol Lane Johnston, IA Like-NEW townhome with quick access to Highway 141 and I-80, plus walking distance to loca...	2 beds \| 3 baths \| 1,329 sq.ft.	$235,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 7.2% Airbnb Rental Income: $925 Traditional Rental Income: $2427 Airbnb ROI: -1.11% Traditional ROI: 7.2%
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.	$247,500	Airbnb cash on cash: -0.76% Traditional cash on cash: 6.49% Airbnb Rental Income: $992 Traditional Rental Income: $2332 Airbnb ROI: -0.76% Traditional ROI: 6.49%
545 10th Street Waukee, IA Absolute gem, end unit in small private complex w over 2400+ sq ft of finished living spac...	4 beds \| 4 baths \| 1,706 sq.ft.	$285,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 6.47% Airbnb Rental Income: $1412 Traditional Rental Income: $2642 Airbnb ROI: 0.3% Traditional ROI: 6.47%
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: 0.16% Traditional cash on cash: 6.05% Airbnb Rental Income: $1412 Traditional Rental Income: $2649 Airbnb ROI: 0.16% Traditional ROI: 6.05%
3006 SE Glenstone Drive Grimes, IA Build 2015, updated LVP flooring throughout main level, stainless steel kitchen appliances...	3 beds \| 3 baths \| 1,636 sq.ft.	$247,500	Airbnb cash on cash: -0.89% Traditional cash on cash: 6.73% Airbnb Rental Income: $1062 Traditional Rental Income: $2479 Airbnb ROI: -0.89% Traditional ROI: 6.73%
5817 SE 22nd Court Des Moines, IA Spacious ranch townhome that is one owner and meticulous! Over 1450 sqft and a very open p...	2 beds \| 2 baths \| 1,454 sq.ft.	$239,900	Airbnb cash on cash: 0.12% Traditional cash on cash: 7.53% Airbnb Rental Income: $992 Traditional Rental Income: $2319 Airbnb ROI: 0.12% Traditional ROI: 7.53%
5816 SE 22nd Court Des Moines, IA Welcome Home to Zero-Entry living and say goodbye to mowing and shoveling! This beautifull...	2 beds \| 2 baths \| 1,446 sq.ft.	$243,500	Airbnb cash on cash: -0.5% Traditional cash on cash: 6.63% Airbnb Rental Income: $992 Traditional Rental Income: $2278 Airbnb ROI: -0.5% Traditional ROI: 6.63%
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: 1.6% Traditional cash on cash: 7.62% Airbnb Rental Income: $1615 Traditional Rental Income: $2412 Airbnb ROI: 1.6% 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.	$365,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 4.58% Airbnb Rental Income: $1062 Traditional Rental Income: $2291 Airbnb ROI: -0.08% Traditional ROI: 4.58%
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.	$365,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 4.16% Airbnb Rental Income: $1062 Traditional Rental Income: $2146 Airbnb ROI: -0.08% Traditional ROI: 4.16%
2505 53rd st Des Moines, IA	3 beds \| 2 baths \| N/A	$190,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 3.73% Airbnb Rental Income: $1250 Traditional Rental Income: $1469 Airbnb ROI: 0.32% Traditional ROI: 3.73%
3060 NW 19th Court Ankeny, IA Welcome to this beautifully maintained Northwest Ankeny twinhome with no HOA-offering comf...	3 beds \| 3 baths \| 1,092 sq.ft.	$309,900	Airbnb cash on cash: 1.19% Traditional cash on cash: 4.87% Airbnb Rental Income: $1615 Traditional Rental Income: $2231 Airbnb ROI: 1.19% Traditional ROI: 4.87%
332 NW Georgetown Boulevard Ankeny, IA Get REAL value here (priced almost $17K BELOW its assessed value!). Excellent Ankeny two s...	2 beds \| 2 baths \| 1,140 sq.ft.	$172,900	Airbnb cash on cash: 5.36% Traditional cash on cash: 4.7% Airbnb Rental Income: $2106 Traditional Rental Income: $1457 Airbnb ROI: 5.36% Traditional ROI: 4.7%
453 Spring Crest Lane Waukee, IA This darling two-story, 2-bedroom, 2 1/2-bath townhome has been meticulously maintained an...	2 beds \| 3 baths \| 1,445 sq.ft.	$238,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 8.07% Airbnb Rental Income: $1558 Traditional Rental Income: $2624 Airbnb ROI: 1.34% Traditional ROI: 8.07%
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: 0.21% Traditional cash on cash: 4.59% Airbnb Rental Income: $1289 Traditional Rental Income: $1858 Airbnb ROI: 0.21% Traditional ROI: 4.59%
747 NE Macey Way Waukee, IA This move-in ready Waukee townhome offers an easy, functional layout that lives comfortabl...	3 beds \| 3 baths \| 1,444 sq.ft.	$234,500	Airbnb cash on cash: -0.34% Traditional cash on cash: 4.33% Airbnb Rental Income: $1127 Traditional Rental Income: $1785 Airbnb ROI: -0.34% Traditional ROI: 4.33%
912 N 6th Avenue Circle Winterset, IA Pride of ownership shows in this move-in ready townhome! 2 bedroom, 2.5 bath, 1213 sf on t...	2 beds \| 3 baths \| 1,213 sq.ft.	$230,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 5.85% Airbnb Rental Income: $1209 Traditional Rental Income: $1960 Airbnb ROI: 0.6% Traditional ROI: 5.85%
15411 Westbrook Drive Urbandale, IA Welcome to this beautiful 3-bed, 3-bath END UNIT townhome offering over 2,000 sq ft of liv...	3 beds \| 3 baths \| 1,393 sq.ft.	$250,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 5.56% Airbnb Rental Income: $1471 Traditional Rental Income: $2142 Airbnb ROI: 0.88% Traditional ROI: 5.56%
5794 Oakwood Avenue NE #2 Cedar Rapids, IA New appliances! Seller will pay a year of HOA dues! Gated community with exceptionally mai...	3 beds \| 4 baths \| 2,559 sq.ft.	$224,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.05% Airbnb Rental Income: $null Traditional Rental Income: $2701 Airbnb ROI: N/A Traditional ROI: 8.05%
536 SW Heritage Lane Ankeny, IA Built in 2021, this beautiful ranch townhome in Ankeny shows like new and is located in th...	3 beds \| 3 baths \| 1,276 sq.ft.	$328,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 4.03% Airbnb Rental Income: $1615 Traditional Rental Income: $2332 Airbnb ROI: 0.22% Traditional ROI: 4.03%
570 Stone Creek Court West Des Moines, IA Welcome home to your conveniently located townhome, with 2 beds, 1.5 bath and 1 car attach...	2 beds \| 2 baths \| 1,302 sq.ft.	$189,999	Airbnb cash on cash: 1.87% Traditional cash on cash: 6.77% Airbnb Rental Income: $1585 Traditional Rental Income: $2017 Airbnb ROI: 1.87% Traditional ROI: 6.77%
2204 SW Westwood Street Ankeny, IA Immaculate custom designed one owner townhome in Prairie Trail neighborhood. This one is a...	3 beds \| 3 baths \| 1,415 sq.ft.	$369,900	Airbnb cash on cash: 0.22% Traditional cash on cash: 3.87% Airbnb Rental Income: $1615 Traditional Rental Income: $2424 Airbnb ROI: 0.22% Traditional ROI: 3.87%
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: -0.02% Traditional cash on cash: 3.74% Airbnb Rental Income: $1615 Traditional Rental Income: $2446 Airbnb ROI: -0.02% Traditional ROI: 3.74%
3121 SW Arlan Lane Ankeny, IA Welcome to this bright and inviting corner-unit townhome that checks all the boxes! With b...	2 beds \| 2 baths \| 1,056 sq.ft.	$185,000	Airbnb cash on cash: 4.86% Traditional cash on cash: 6.53% Airbnb Rental Income: $2106 Traditional Rental Income: $1860 Airbnb ROI: 4.86% Traditional ROI: 6.53%
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: 1.47% Traditional cash on cash: 6.65% Airbnb Rental Income: $1615 Traditional Rental Income: $2334 Airbnb ROI: 1.47% Traditional ROI: 6.65%
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.	$212,000	Airbnb cash on cash: 3.78% Traditional cash on cash: 6.17% Airbnb Rental Income: $2106 Traditional Rental Income: $2047 Airbnb ROI: 3.78% Traditional ROI: 6.17%
1943 E Bell Avenue Des Moines, IA Welcome to this move-in ready townhome fresh, updated, and waiting for you! The main level...	2 beds \| 1 baths \| 979 sq.ft.	$180,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 6.5% Airbnb Rental Income: $992 Traditional Rental Income: $1561 Airbnb ROI: 1.11% Traditional ROI: 6.5%
596 S Crescent Way West Des Moines, IA Location, location, location! This beautifully updated 3-bedroom ranch townhome with a fin...	3 beds \| 3 baths \| 1,278 sq.ft.	$369,900	Airbnb cash on cash: -0.08% Traditional cash on cash: 2.83% Airbnb Rental Income: $1652 Traditional Rental Income: $2195 Airbnb ROI: -0.08% Traditional ROI: 2.83%
8106 Dellwood Drive Urbandale, IA Looking for move in ready? This is the one! Stunning condo that has been extensively updat...	2 beds \| 2 baths \| 1,061 sq.ft.	$192,500	Airbnb cash on cash: 0.05% Traditional cash on cash: 5.74% Airbnb Rental Income: $1168 Traditional Rental Income: $1824 Airbnb ROI: 0.05% Traditional ROI: 5.74%
9110 Spring Crest Lane West Des Moines, IA Built in 2022, this immaculate 4 bedroom end-unit townhome has it all including 4 bathroom...	4 beds \| 4 baths \| 1,706 sq.ft.	$315,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 6.11% Airbnb Rental Income: $1512 Traditional Rental Income: $2751 Airbnb ROI: 0.44% Traditional ROI: 6.11%

Your search for investment property begins and ends here

Townhouses for Sale in Iowa

354 NW Georgetown Boulevard

Ankeny, IA

2 beds | 2 baths | 1,140 sq.ft.

$174,500

Airbnb cash on cash: 5.49%

Traditional cash on cash: 7.65%

Airbnb Rental Income: $2106

Traditional Rental Income: $1925

Airbnb ROI: 5.49%

Traditional ROI: 7.65%

196 Cambridge Drive

West Des Moines, IA

3 beds | 3 baths | 1,520 sq.ft.

$244,000

Airbnb cash on cash: 1.43%

Traditional cash on cash: 6.68%

Airbnb Rental Income: $1652

Traditional Rental Income: $2399

Airbnb ROI: 1.43%

Traditional ROI: 6.68%

5895 Marble Circle

Johnston, IA

3 beds | 3 baths | 1,520 sq.ft.

$247,000

Airbnb cash on cash: -1.72%

Traditional cash on cash: 4.21%

Airbnb Rental Income: $872

Traditional Rental Income: $1920

Airbnb ROI: -1.72%

Traditional ROI: 4.21%

15421 Walnut Hills Drive

Urbandale, IA

2 beds | 3 baths | 1,349 sq.ft.

$239,000

Airbnb cash on cash: -0.2%

Traditional cash on cash: 5.74%

Airbnb Rental Income: $1168

Traditional Rental Income: $2125

Airbnb ROI: -0.2%

Traditional ROI: 5.74%

1110 Cheyenne Dr

Nevada, IA

3 beds | 2 baths | 375 sq.ft.

$220,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.91%

Airbnb Rental Income: $null

Traditional Rental Income: $1797

Airbnb ROI: N/A

Traditional ROI: 4.91%

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%

849 SE Delaware Avenue

Ankeny, IA

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

$345,000

Airbnb cash on cash: 0.38%

Traditional cash on cash: 3.82%

Airbnb Rental Income: $1635

Traditional Rental Income: $2288

Airbnb ROI: 0.38%

Traditional ROI: 3.82%

2405 3rd Avenue SE

Altoona, IA

3 beds | 3 baths | 1,378 sq.ft.

$360,000

Airbnb cash on cash: -1.38%

Traditional cash on cash: 3.89%

Airbnb Rental Income: $998

Traditional Rental Income: $2422

Airbnb ROI: -1.38%