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 718 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
909 W Trace Drive Polk City, IA Discover the perfect balance of modern comfort and small-town charm in this meticulously m...	4 beds \| 3 baths \| 1,390 sq.ft.	$359,990	Airbnb cash on cash: 0.41% Traditional cash on cash: 3.94% Airbnb Rental Income: $1749 Traditional Rental Income: $2463 Airbnb ROI: 0.41% Traditional ROI: 3.94%
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.	$169,900	Airbnb cash on cash: 4.04% Traditional cash on cash: 7.87% Airbnb Rental Income: $1792 Traditional Rental Income: $1925 Airbnb ROI: 4.04% Traditional ROI: 7.87%
2845 Orinoco Court SW Altoona, IA Very nice ranch townhome in Meadow Vista. Open floor plan with a spacious living room with...	3 beds \| 3 baths \| 1,027 sq.ft.	$234,900	Airbnb cash on cash: -1.4% Traditional cash on cash: 5.34% Airbnb Rental Income: $792 Traditional Rental Income: $1970 Airbnb ROI: -1.4% Traditional ROI: 5.34%
3007 SW Sharmin Lane Ankeny, IA Move-in ready townhome located in a convenient Ankeny location close to shopping, dining, ...	2 beds \| 2 baths \| 1,056 sq.ft.	$195,000	Airbnb cash on cash: 3.3% Traditional cash on cash: 6.34% Airbnb Rental Income: $1792 Traditional Rental Income: $1869 Airbnb ROI: 3.3% Traditional ROI: 6.34%
24484 182nd St Spirit Lake, IA Immaculate 3 level Townhome/Duplex on Twin Hills Beach. This beautifully remodeled townhom...	3 beds \| 2 baths \| 2,794 sq.ft.	$1,450,000	Airbnb cash on cash: -1.16% Traditional cash on cash: 0.34% Airbnb Rental Income: $1067 Traditional Rental Income: $2719 Airbnb ROI: -1.16% Traditional ROI: 0.34%
1008 NE Kamies Lane Ankeny, IA Welcome to this spacious and beautifully updated 4-bedroom, 3.5-bath townhome in a conveni...	4 beds \| 4 baths \| 1,520 sq.ft.	$223,000	Airbnb cash on cash: 1.93% Traditional cash on cash: 7.96% Airbnb Rental Income: $1681 Traditional Rental Income: $2485 Airbnb ROI: 1.93% Traditional ROI: 7.96%
2329 Glenwood Drive #43 Des Moines, IA Prime location just minutes from downtown, Gray's Lake, Water Works, and bike trails. This...	3 beds \| 2 baths \| 1,851 sq.ft.	$245,000	Airbnb cash on cash: -1.96% Traditional cash on cash: 2.66% Airbnb Rental Income: $960 Traditional Rental Income: $1680 Airbnb ROI: -1.96% Traditional ROI: 2.66%
51 29th Ave Dr SW #18 Cedar Rapids, IA Welcome home to this beautifully designed two-story condo offering the perfect blend of co...	3 beds \| 2 baths \| 1,340 sq.ft.	$145,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 10.48% Airbnb Rental Income: $909 Traditional Rental Income: $2101 Airbnb ROI: -0.56% Traditional ROI: 10.48%
10603 Hickory Drive #2 Urbandale, IA Welcome to Foxfire Townhomes! Convenience abounds in one of Urbandale?s most desirable loc...	2 beds \| 3 baths \| 1,417 sq.ft.	$228,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 5.22% Airbnb Rental Income: $991 Traditional Rental Income: $1956 Airbnb ROI: -0.9% Traditional ROI: 5.22%
561 10th Street Waukee, IA Beautiful end unit, 2 story townhome with open concept living, basement and attached 2 car...	3 beds \| 3 baths \| 1,706 sq.ft.	$278,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 5.86% Airbnb Rental Income: $1172 Traditional Rental Income: $2504 Airbnb ROI: -0.69% Traditional ROI: 5.86%
613 Meadow Place Ames, IA 3 Bedroom end-unit townhome in South Ames. 2 bathrooms with tile surrounds, nice sized liv...	3 beds \| 2 baths \| 630 sq.ft.	$112,000	Airbnb cash on cash: 3.71% Traditional cash on cash: 10.71% Airbnb Rental Income: $1303 Traditional Rental Income: $1656 Airbnb ROI: 3.71% Traditional ROI: 10.71%
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%
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.	$345,000	Airbnb cash on cash: -1.92% Traditional cash on cash: 4.1% Airbnb Rental Income: $792 Traditional Rental Income: $2422 Airbnb ROI: -1.92% Traditional ROI: 4.1%
4146 Eisenhower Lane #1 Ames, IA This home is currently listed as a 'delayed showing'. Under no circumstances will any show...	2 beds \| 1 baths \| 1,258 sq.ft.	$224,900	Airbnb cash on cash: -1.14% Traditional cash on cash: 4.52% Airbnb Rental Income: $774 Traditional Rental Income: $1662 Airbnb ROI: -1.14% Traditional ROI: 4.52%
5834 SE 22nd Court Des Moines, IA Step inside this zero-entry ranch townhome. The open concept layout flows smoothy from the...	2 beds \| 2 baths \| 1,454 sq.ft.	$229,900	Airbnb cash on cash: -1.46% Traditional cash on cash: 6.58% Airbnb Rental Income: $885 Traditional Rental Income: $2298 Airbnb ROI: -1.46% Traditional ROI: 6.58%
2648 82nd Street Urbandale, IA Welcome home to refined comfort and unforgettable views in the heart of Cobblestone. From ...	2 beds \| 3 baths \| 1,472 sq.ft.	$228,500	Airbnb cash on cash: -3.05% Traditional cash on cash: 2.31% Airbnb Rental Income: $991 Traditional Rental Income: $1796 Airbnb ROI: -3.05% Traditional ROI: 2.31%
3703 NE Marissa Lane Ankeny, IA Well-appointed 2-bedroom, 3-bath townhome offering effortless, low-maintenance living in a...	2 beds \| 3 baths \| 1,340 sq.ft.	$275,000	Airbnb cash on cash: 1.29% Traditional cash on cash: 4.81% Airbnb Rental Income: $1792 Traditional Rental Income: $2218 Airbnb ROI: 1.29% Traditional ROI: 4.81%
2603 NW Penny Lane Ankeny, IA Welcome home to this rare end-unit tucked toward the back of the community providing priva...	3 beds \| 3 baths \| 1,566 sq.ft.	$225,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 9.77% Airbnb Rental Income: $1305 Traditional Rental Income: $2895 Airbnb ROI: 0.39% Traditional ROI: 9.77%
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.	$244,500	Airbnb cash on cash: -1.64% Traditional cash on cash: 6.83% Airbnb Rental Income: $855 Traditional Rental Income: $2479 Airbnb ROI: -1.64% Traditional ROI: 6.83%
6373 Wistful Vista Drive West Des Moines, IA Move-in ready townhome in the desirable Jordan Heights neighborhood in West Des Moines and...	3 beds \| 3 baths \| 1,719 sq.ft.	$292,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 6.2% Airbnb Rental Income: $1378 Traditional Rental Income: $2498 Airbnb ROI: 0.6% Traditional ROI: 6.2%
2101 Meadow Court #602 Des Moines, IA Welcome to this beautifully maintained two-bedroom, two-and-a-half-bath townhome! Step int...	2 beds \| 3 baths \| 1,373 sq.ft.	$172,000	Airbnb cash on cash: -1.31% Traditional cash on cash: 6.59% Airbnb Rental Income: $885 Traditional Rental Income: $1843 Airbnb ROI: -1.31% Traditional ROI: 6.59%
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.	$239,900	Airbnb cash on cash: -0.89% Traditional cash on cash: 6.74% Airbnb Rental Income: $885 Traditional Rental Income: $2278 Airbnb ROI: -0.89% Traditional ROI: 6.74%
2715 NW Casey Jones Lane Ankeny, IA Check out this three-story end-unit 3-bedroom townhome in a prime NW Ankeny location direc...	3 beds \| 3 baths \| 1,566 sq.ft.	$225,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 7.93% Airbnb Rental Income: $1305 Traditional Rental Income: $2523 Airbnb ROI: 0.3% Traditional ROI: 7.93%
916 NE 57th Lane Ankeny, IA Well-maintained and move-in ready 3-bedroom, 2.5-bathroom townhome located in NE Ankeny wi...	3 beds \| 3 baths \| 1,380 sq.ft.	$230,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 7.23% Airbnb Rental Income: $1305 Traditional Rental Income: $2409 Airbnb ROI: 0.29% Traditional ROI: 7.23%
3112 NE Chandler Lane Ankeny, IA Thoughtfully designed and well maintained, this 3-bedroom, 2.5-bath townhome in the desira...	3 beds \| 3 baths \| 1,473 sq.ft.	$229,900	Airbnb cash on cash: 0.31% Traditional cash on cash: 7.5% Airbnb Rental Income: $1305 Traditional Rental Income: $2462 Airbnb ROI: 0.31% Traditional ROI: 7.5%
2102 High Street Des Moines, IA Discover your new home in this beautifully-appointed 2-bedroom, 2.5-bathroom end unit town...	2 beds \| 3 baths \| 1,104 sq.ft.	$235,000	Airbnb cash on cash: -2.04% Traditional cash on cash: 5.22% Airbnb Rental Income: $885 Traditional Rental Income: $2162 Airbnb ROI: -2.04% Traditional ROI: 5.22%
2500 NE 6th Street Grimes, IA 4 YEAR WARRANTY! 1 year builder warranty and 3 year extended warranty. Check out this bi-a...	3 beds \| 3 baths \| 1,335 sq.ft.	$360,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 4.66% Airbnb Rental Income: $855 Traditional Rental Income: $2291 Airbnb ROI: -0.57% Traditional ROI: 4.66%
2502 NE 6th Street Grimes, IA 4 YEAR WARRANTY! 1 year builder warranty and 3 year extended warranty. Check out this bi-a...	3 beds \| 3 baths \| 1,335 sq.ft.	$360,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 4.23% Airbnb Rental Income: $855 Traditional Rental Income: $2146 Airbnb ROI: -0.57% Traditional ROI: 4.23%
2505 53rd st Des Moines, IA	3 beds \| 2 baths \| N/A	$190,000	Airbnb cash on cash: -1.02% Traditional cash on cash: 3.73% Airbnb Rental Income: $960 Traditional Rental Income: $1469 Airbnb ROI: -1.02% Traditional ROI: 3.73%
1070 50th Street #10E West Des Moines, IA Welcome home to this beautifully updated two story townhome in West Des Moines! Step insid...	2 beds \| 2 baths \| 1,080 sq.ft.	$200,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 5.13% Airbnb Rental Income: $1070 Traditional Rental Income: $1733 Airbnb ROI: -0.29% Traditional ROI: 5.13%
2250 NW Chapel Lane Ankeny, IA Welcome to this beautifully maintained ranch townhome with over 1900 sf including the fini...	3 beds \| 3 baths \| 1,237 sq.ft.	$309,900	Airbnb cash on cash: -0.14% Traditional cash on cash: 4.34% Airbnb Rental Income: $1305 Traditional Rental Income: $2205 Airbnb ROI: -0.14% Traditional ROI: 4.34%
944 NE 49th Lane Ankeny, IA Beautifully maintained two-story townhome offering 2 bedrooms, 3 bathrooms, and 1,238 sq f...	2 beds \| 3 baths \| 1,238 sq.ft.	$194,900	Airbnb cash on cash: 2.97% Traditional cash on cash: 7.7% Airbnb Rental Income: $1792 Traditional Rental Income: $2180 Airbnb ROI: 2.97% Traditional ROI: 7.7%
477 Spring Crest Lane Waukee, IA Welcome to your new Waukee home! Situated in Waukee schools and near the Heart of the Warr...	3 beds \| 4 baths \| 1,445 sq.ft.	$275,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 5.33% Airbnb Rental Income: $1172 Traditional Rental Income: $2224 Airbnb ROI: -0.21% Traditional ROI: 5.33%
4425 Mills Civic Parkway #204 West Des Moines, IA Discover this beautifully maintained 3-bedroom, 3-bath end-unit townhome tucked away in a ...	3 beds \| 3 baths \| 1,450 sq.ft.	$249,999	Airbnb cash on cash: 0.3% Traditional cash on cash: 5.74% Airbnb Rental Income: $1378 Traditional Rental Income: $2243 Airbnb ROI: 0.3% Traditional ROI: 5.74%
111 10th Street #410 Des Moines, IA Rare Downtown Loft with Massive Private Patio in the Iconic Look Magazine Building! Experi...	1 beds \| 1 baths \| 1,248 sq.ft.	$272,499	Airbnb cash on cash: -4.05% Traditional cash on cash: 0.95% Airbnb Rental Income: $533 Traditional Rental Income: $1539 Airbnb ROI: -4.05% Traditional ROI: 0.95%
6913 Jack London Drive Johnston, IA Fabulous townhome opportunity in Johnston, compare to the competition! This is the biggest...	2 beds \| 3 baths \| 1,840 sq.ft.	$225,000	Airbnb cash on cash: -1.35% Traditional cash on cash: 6.5% Airbnb Rental Income: $885 Traditional Rental Income: $2219 Airbnb ROI: -1.35% Traditional ROI: 6.5%
247 Red Oak Court Norwalk, IA Natural light floods into this stylish & comfortable end-unit townhome. The heart of the h...	3 beds \| 3 baths \| 1,594 sq.ft.	$228,500	Airbnb cash on cash: -0.81% Traditional cash on cash: 7.65% Airbnb Rental Income: $1091 Traditional Rental Income: $2548 Airbnb ROI: -0.81% Traditional ROI: 7.65%
2212 SW 35th Street Ankeny, IA Elegance meets accessibility in this zero-entry ranch! This 2-bedroom home offers a seamle...	2 beds \| 2 baths \| 1,300 sq.ft.	$260,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 4.94% Airbnb Rental Income: $1792 Traditional Rental Income: $1980 Airbnb ROI: 2.19% Traditional ROI: 4.94%
1240 Truman Place Ames, IA The Sellers will not accept any proposed purchase agreements/offers earlier than 6pm on 4/...	2 beds \| 3 baths \| 987 sq.ft.	$179,900	Airbnb cash on cash: -1.09% Traditional cash on cash: 6.76% Airbnb Rental Income: $774 Traditional Rental Income: $1800 Airbnb ROI: -1.09% Traditional ROI: 6.76%
821 Trail Ridge Road Indianola, IA All information obtained from seller and public record.	2 beds \| 2 baths \| 1,690 sq.ft.	$429,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.29% Airbnb Rental Income: $null Traditional Rental Income: $2342 Airbnb ROI: N/A Traditional ROI: 3.29%

Your search for investment property begins and ends here

Townhouses for Sale in Iowa

909 W Trace Drive

Polk City, IA

4 beds | 3 baths | 1,390 sq.ft.

$359,990

Airbnb cash on cash: 0.41%

Traditional cash on cash: 3.94%

Airbnb Rental Income: $1749

Traditional Rental Income: $2463

Airbnb ROI: 0.41%

Traditional ROI: 3.94%

354 NW Georgetown Boulevard

Ankeny, IA

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

$169,900

Airbnb cash on cash: 4.04%

Traditional cash on cash: 7.87%

Airbnb Rental Income: $1792

Traditional Rental Income: $1925

Airbnb ROI: 4.04%

Traditional ROI: 7.87%

2845 Orinoco Court SW

Altoona, IA

3 beds | 3 baths | 1,027 sq.ft.

$234,900

Airbnb cash on cash: -1.4%

Traditional cash on cash: 5.34%

Airbnb Rental Income: $792

Traditional Rental Income: $1970

Airbnb ROI: -1.4%

Traditional ROI: 5.34%

3007 SW Sharmin Lane

Ankeny, IA

2 beds | 2 baths | 1,056 sq.ft.

$195,000

Airbnb cash on cash: 3.3%

Traditional cash on cash: 6.34%

Airbnb Rental Income: $1792

Traditional Rental Income: $1869

Airbnb ROI: 3.3%

Traditional ROI: 6.34%

24484 182nd St

Spirit Lake, IA

3 beds | 2 baths | 2,794 sq.ft.

$1,450,000

Airbnb cash on cash: -1.16%

Traditional cash on cash: 0.34%

Airbnb Rental Income: $1067

Traditional Rental Income: $2719

Airbnb ROI: -1.16%

Traditional ROI: 0.34%

1008 NE Kamies Lane

Ankeny, IA

4 beds | 4 baths | 1,520 sq.ft.

$223,000

Airbnb cash on cash: 1.93%

Traditional cash on cash: 7.96%

Airbnb Rental Income: $1681

Traditional Rental Income: $2485

Airbnb ROI: 1.93%

Traditional ROI: 7.96%

2329 Glenwood Drive #43

Des Moines, IA

3 beds | 2 baths | 1,851 sq.ft.

$245,000

Airbnb cash on cash: -1.96%

Traditional cash on cash: 2.66%

Airbnb Rental Income: $960

Traditional Rental Income: $1680

Airbnb ROI: -1.96%

Traditional ROI: 2.66%

51 29th Ave Dr SW #18

Cedar Rapids, IA

3 beds | 2 baths | 1,340 sq.ft.

$145,000

Airbnb cash on cash: -0.56%

Traditional cash on cash: 10.48%

Airbnb Rental Income: $909

Traditional Rental Income: $2101

Airbnb ROI: -0.56%