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 530 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%
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.	$234,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 5.88% Airbnb Rental Income: $1168 Traditional Rental Income: $2125 Airbnb ROI: -0.18% Traditional ROI: 5.88%
1054 NE 56th Street Ankeny, IA Now this is a great place to call home! Truly move in ready with new carpet throughout, th...	3 beds \| 3 baths \| 1,380 sq.ft.	$219,900	Airbnb cash on cash: 1.56% Traditional cash on cash: 4.4% Airbnb Rental Income: $1615 Traditional Rental Income: $1748 Airbnb ROI: 1.56% Traditional ROI: 4.4%
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.	$352,000	Airbnb cash on cash: -1.39% Traditional cash on cash: 4% Airbnb Rental Income: $998 Traditional Rental Income: $2422 Airbnb ROI: -1.39% Traditional ROI: 4%
720 12th St St NE #10 Sioux Center, IA Enjoy True Lock-and-Leave Freedom in This Modern Townhome. Discover the ease of ownership ...	3 beds \| 1 baths \| 1,332 sq.ft.	$260,000	Airbnb cash on cash: 3.28% Traditional cash on cash: 6.42% Airbnb Rental Income: $2135 Traditional Rental Income: $2361 Airbnb ROI: 3.28% Traditional ROI: 6.42%
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.	$216,900	Airbnb cash on cash: 4.64% Traditional cash on cash: 7.36% Airbnb Rental Income: $2106 Traditional Rental Income: $2126 Airbnb ROI: 4.64% Traditional ROI: 7.36%
3015 SW Arlan Lane Ankeny, IA Why keep paying your landlord's mortgage when you could be building your own equity for ne...	2 beds \| 2 baths \| 1,056 sq.ft.	$185,000	Airbnb cash on cash: 4.87% Traditional cash on cash: 6.55% Airbnb Rental Income: $2106 Traditional Rental Income: $1862 Airbnb ROI: 4.87% Traditional ROI: 6.55%
2189 3rd Avenue SW Altoona, IA Why rent when you can own? Enjoy a comparable, or even lower monthly payment while buildin...	2 beds \| 3 baths \| 1,390 sq.ft.	$210,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 3.82% Airbnb Rental Income: $950 Traditional Rental Income: $1533 Airbnb ROI: -0.86% Traditional ROI: 3.82%
2220 NW Bayberry Lane Ankeny, IA Bright, spacious, and ideally located, this 3-bedroom Ankeny townhome delivers comfort tod...	3 beds \| 3 baths \| 1,511 sq.ft.	$245,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 5.85% Airbnb Rental Income: $1615 Traditional Rental Income: $2218 Airbnb ROI: 1.27% Traditional ROI: 5.85%
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%
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%
3703 NE Marissa Lane Ankeny, IA Welcome to this spacious end-unit townhome featuring a full finished basement with egress ...	2 beds \| 3 baths \| 1,340 sq.ft.	$289,000	Airbnb cash on cash: 2.14% Traditional cash on cash: 4.53% Airbnb Rental Income: $2106 Traditional Rental Income: $2218 Airbnb ROI: 2.14% Traditional ROI: 4.53%
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%
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%
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: 1.51% Traditional cash on cash: 7.93% Airbnb Rental Income: $1615 Traditional Rental Income: $2523 Airbnb ROI: 1.51% 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: 1.48% Traditional cash on cash: 4.19% Airbnb Rental Income: $1615 Traditional Rental Income: $1748 Airbnb ROI: 1.48% Traditional ROI: 4.19%
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%
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.	$244,900	Airbnb cash on cash: -1.61% Traditional cash on cash: 4.98% Airbnb Rental Income: $992 Traditional Rental Income: $2162 Airbnb ROI: -1.61% Traditional ROI: 4.98%
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%
3558 9th Ave N Fort Dodge, IA This home is located in a New Development located in an established neighborhood. This 2 ...	2 beds \| 2 baths \| 1,500 sq.ft.	$259,900	Airbnb cash on cash: 0.03% Traditional cash on cash: 6.04% Airbnb Rental Income: $1239 Traditional Rental Income: $2457 Airbnb ROI: 0.03% Traditional ROI: 6.04%
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: 4.39% Traditional cash on cash: 0.2% Airbnb Rental Income: $2106 Traditional Rental Income: $791 Airbnb ROI: 4.39% Traditional ROI: 0.2%
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%
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.	$268,900	Airbnb cash on cash: 3.12% Traditional cash on cash: 4.75% Airbnb Rental Income: $2106 Traditional Rental Income: $1980 Airbnb ROI: 3.12% Traditional ROI: 4.75%
827 Trail Ridge Road Indianola, IA One of the BEST views of Indianola Golf Club just became available! Situated off Hole #10,...	3 beds \| 3 baths \| 1,416 sq.ft.	$449,900	Airbnb cash on cash: -0.76% Traditional cash on cash: 1.56% Airbnb Rental Income: $1155 Traditional Rental Income: $1748 Airbnb ROI: -0.76% Traditional ROI: 1.56%
2107 W 4th Avenue Indianola, IA RARE opportunity to own a stunning 3-bedroom ranch walk-out townhome with a non-conforming...	3 beds \| 3 baths \| 1,440 sq.ft.	$264,999	Airbnb cash on cash: -0.56% Traditional cash on cash: 4.71% Airbnb Rental Income: $1155 Traditional Rental Income: $2092 Airbnb ROI: -0.56% Traditional ROI: 4.71%
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%
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%
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%
246 NE Meadow Lane Ankeny, IA Great end unit townhome with large side yard! 3 bedrooms and 3 bathrooms located in a prim...	3 beds \| 3 baths \| 1,481 sq.ft.	$234,900	Airbnb cash on cash: 1.42% Traditional cash on cash: 7.23% Airbnb Rental Income: $1615 Traditional Rental Income: $2447 Airbnb ROI: 1.42% Traditional ROI: 7.23%
2787 SE Osier Avenue West Des Moines, IA Welcome to this beautifully maintained 2-story townhome in West Des Moines, offering over ...	2 beds \| 3 baths \| 1,328 sq.ft.	$248,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 2.75% Airbnb Rental Income: $1585 Traditional Rental Income: $1516 Airbnb ROI: 1.11% Traditional ROI: 2.75%
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 Ankeny RANCH townhome with 2,041 sq ft of finish shows like ...	3 beds \| 3 baths \| 1,276 sq.ft.	$326,900	Airbnb cash on cash: 0.22% Traditional cash on cash: 4.05% Airbnb Rental Income: $1615 Traditional Rental Income: $2332 Airbnb ROI: 0.22% Traditional ROI: 4.05%
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: 1.5% Traditional cash on cash: 6.4% Airbnb Rental Income: $1585 Traditional Rental Income: $2017 Airbnb ROI: 1.5% Traditional ROI: 6.4%
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%
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.	$175,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 6.71% Airbnb Rental Income: $992 Traditional Rental Income: $1561 Airbnb ROI: 1.17% Traditional ROI: 6.71%

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%

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.

$234,000

Airbnb cash on cash: -0.18%

Traditional cash on cash: 5.88%

Airbnb Rental Income: $1168

Traditional Rental Income: $2125

Airbnb ROI: -0.18%

Traditional ROI: 5.88%

1054 NE 56th Street

Ankeny, IA

3 beds | 3 baths | 1,380 sq.ft.

$219,900

Airbnb cash on cash: 1.56%

Traditional cash on cash: 4.4%

Airbnb Rental Income: $1615

Traditional Rental Income: $1748

Airbnb ROI: 1.56%

Traditional ROI: 4.4%

2405 3rd Avenue SE

Altoona, IA

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

$352,000

Airbnb cash on cash: -1.39%

Traditional cash on cash: 4%

Airbnb Rental Income: $998

Traditional Rental Income: $2422

Airbnb ROI: -1.39%

Traditional ROI: 4%

720 12th St St NE #10

Sioux Center, IA

3 beds | 1 baths | 1,332 sq.ft.

$260,000

Airbnb cash on cash: 3.28%

Traditional cash on cash: 6.42%

Airbnb Rental Income: $2135

Traditional Rental Income: $2361

Airbnb ROI: 3.28%

Traditional ROI: 6.42%

2005 SW 35th St #1602

Ankeny, IA

2 beds | 3 baths | 1,373 sq.ft.

$216,900

Airbnb cash on cash: 4.64%

Traditional cash on cash: 7.36%

Airbnb Rental Income: $2106

Traditional Rental Income: $2126

Airbnb ROI: 4.64%

Traditional ROI: 7.36%

3015 SW Arlan Lane

Ankeny, IA

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

$185,000

Airbnb cash on cash: 4.87%

Traditional cash on cash: 6.55%

Airbnb Rental Income: $2106

Traditional Rental Income: $1862

Airbnb ROI: 4.87%