Real Estate Investment Properties for Sale in Waterloo, IA

Looking for investment property in Waterloo, IA with high ROI ?

Explore a variety of short-term homes & houses in Waterloo, IA. Invest wisely with VRBO & Waterloo, 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 Waterloo, IA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1557 Forest Avenue Waterloo, IA Welcome 1557 Forest Avenue!! This charming and affordable Waterloo home offers the perfect...	2 beds \| 1 baths \| 1,302 sq.ft.	$134,900	Airbnb cash on cash: -0.85% Traditional cash on cash: 9.58% Airbnb Rental Income: $632 Traditional Rental Income: $1688 Airbnb ROI: -0.85% Traditional ROI: 9.58%
4245 W 4th Street Waterloo, IA Looking for space with a country feel while still being in town? This beautiful 4-bedroom,...	4 beds \| 2 baths \| 2,086 sq.ft.	$325,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 6.3% Airbnb Rental Income: $1657 Traditional Rental Income: $2798 Airbnb ROI: 1.05% Traditional ROI: 6.3%
144 Amity Drive Waterloo, IA If you've been searching for a home with character, this is it! This architecturally strik...	4 beds \| 2 baths \| 3,017 sq.ft.	$359,900	Airbnb cash on cash: 0.42% Traditional cash on cash: 5.73% Airbnb Rental Income: $1657 Traditional Rental Income: $2986 Airbnb ROI: 0.42% Traditional ROI: 5.73%
1166 Easton Avenue Waterloo, IA This clean two-bedroom home is a wonderful place to call home in a highly sought after Wes...	2 beds \| 2 baths \| 1,323 sq.ft.	$149,900	Airbnb cash on cash: -0.67% Traditional cash on cash: 11.49% Airbnb Rental Income: $632 Traditional Rental Income: $2082 Airbnb ROI: -0.67% Traditional ROI: 11.49%
1800 E Ridgeway Avenue Waterloo, IA This one checks all the boxes! Sitting on 0.78 acres, this beautiful 4-bedroom, 2-bath hom...	4 beds \| 2 baths \| 1,284 sq.ft.	$300,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 5.17% Airbnb Rental Income: $1657 Traditional Rental Income: $2331 Airbnb ROI: 1.13% Traditional ROI: 5.17%
250 Kenilworth Road Waterloo, IA Step into the timeless charm of this beautifully maintained Tudor-style home, cherished by...	3 beds \| 2 baths \| 1,778 sq.ft.	$249,900	Airbnb cash on cash: 0.42% Traditional cash on cash: 8.15% Airbnb Rental Income: $1156 Traditional Rental Income: $2598 Airbnb ROI: 0.42% Traditional ROI: 8.15%
1513 Ohio Street Waterloo, IA One Years Builder Warranty. 10 Year Structural Warranty. Open Floor Plan with Main Floor l...	4 beds \| 3 baths \| 1,701 sq.ft.	$517,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 3.87% Airbnb Rental Income: $1657 Traditional Rental Income: $2524 Airbnb ROI: 1.11% Traditional ROI: 3.87%
1129 Maxine Avenue Waterloo, IA Beautifully updated and move-in ready! This charming 3-bedroom, 1-bath ranch offers the pe...	3 beds \| 1 baths \| 1,478 sq.ft.	$189,900	Airbnb cash on cash: 1.39% Traditional cash on cash: 6.8% Airbnb Rental Income: $1156 Traditional Rental Income: $1750 Airbnb ROI: 1.39% Traditional ROI: 6.8%
132 Desoto Avenue Waterloo, IA Clause in effect- This Amazing Cedarloo property is not lacking anything. Located in a qui...	3 beds \| 2 baths \| 1,944 sq.ft.	$299,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 5.94% Airbnb Rental Income: $1156 Traditional Rental Income: $2530 Airbnb ROI: -0.3% Traditional ROI: 5.94%
220 Forest Avenue Waterloo, IA Newly updated Lustron home built with enameled metal featuring large living spaces in this...	2 beds \| 1 baths \| 1,021 sq.ft.	$126,900	Airbnb cash on cash: -0.5% Traditional cash on cash: 9.69% Airbnb Rental Income: $632 Traditional Rental Income: $1582 Airbnb ROI: -0.5% Traditional ROI: 9.69%
318 Westbourne Road Waterloo, IA This charming corner-lot home offers stylish updates and a functional layout perfect for e...	2 beds \| 2 baths \| 2,018 sq.ft.	$254,900	Airbnb cash on cash: -1.95% Traditional cash on cash: 6.58% Airbnb Rental Income: $632 Traditional Rental Income: $2390 Airbnb ROI: -1.95% Traditional ROI: 6.58%
911 Lafayette Street Waterloo, IA Don't miss this exceptional opportunity to own a fully occupied, income-producing fourplex...	N/A beds \| N/A baths \| N/A	$270,000	Airbnb cash on cash: -0.74% Traditional cash on cash: 4.25% Airbnb Rental Income: $632 Traditional Rental Income: $1607 Airbnb ROI: -0.74% Traditional ROI: 4.25%
1900 Westchester Road #Apt C Waterloo, IA WOW, New price just reduced almost $30,000, what a great location & what a relaxing peacef...	2 beds \| 3 baths \| 2,300 sq.ft.	$169,500	Airbnb cash on cash: -4.92% Traditional cash on cash: 11.69% Airbnb Rental Income: $632 Traditional Rental Income: $3021 Airbnb ROI: -4.92% Traditional ROI: 11.69%
3325 Lincolnshire Road Waterloo, IA Welcome to this brand-new Skogman Homes build in the desirable Lincolnshire Addition of Wa...	3 beds \| 2 baths \| 1,488 sq.ft.	$375,000	Airbnb cash on cash: -0.65% Traditional cash on cash: 4.64% Airbnb Rental Income: $1156 Traditional Rental Income: $2635 Airbnb ROI: -0.65% Traditional ROI: 4.64%
3329 Lincolnshire Road Waterloo, IA Welcome to this brand-new Skogman Homes build in the desirable Lincolnshire Addition of Wa...	3 beds \| 2 baths \| 1,351 sq.ft.	$375,000	Airbnb cash on cash: -0.65% Traditional cash on cash: 4.13% Airbnb Rental Income: $1156 Traditional Rental Income: $2455 Airbnb ROI: -0.65% Traditional ROI: 4.13%
3335 Lincolnshire Road Waterloo, IA Welcome to this brand-new Skogman Homes build in the desirable Lincolnshire Addition of Wa...	3 beds \| 2 baths \| 1,514 sq.ft.	$385,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 4.46% Airbnb Rental Income: $1156 Traditional Rental Income: $2635 Airbnb ROI: -0.69% Traditional ROI: 4.46%
1119 Kaplan Drive Waterloo, IA Pride in ownership shows in this 3 bedroom 1.5 bath ranch home, same owners since 1988! Be...	3 beds \| 2 baths \| 1,740 sq.ft.	$209,900	Airbnb cash on cash: 0.88% Traditional cash on cash: 9.88% Airbnb Rental Income: $1156 Traditional Rental Income: $2566 Airbnb ROI: 0.88% Traditional ROI: 9.88%
918-920 W 4th Street Waterloo, IA Don't miss out on this excellent investment opportunity in Waterloo! This unique property ...	2 beds \| 1 baths \| N/A	$184,999	Airbnb cash on cash: 1.99% Traditional cash on cash: 6.17% Airbnb Rental Income: $1156 Traditional Rental Income: $1510 Airbnb ROI: 1.99% Traditional ROI: 6.17%
724 Grindstone Circle Waterloo, IA Welcome to 724 Grindstone Circle-an immaculate, move-in ready condominium located in the h...	3 beds \| 3 baths \| 2,319 sq.ft.	$329,900	Airbnb cash on cash: -1.07% Traditional cash on cash: 6.43% Airbnb Rental Income: $1156 Traditional Rental Income: $3099 Airbnb ROI: -1.07% Traditional ROI: 6.43%
819 Hanna Boulevard Waterloo, IA Welcome to 819 Hanna Blvd in Waterloo! This charming 1,164 sq ft ranch offers 3 bedrooms o...	4 beds \| 1 baths \| 1,164 sq.ft.	$136,900	Airbnb cash on cash: 5.56% Traditional cash on cash: 11.76% Airbnb Rental Income: $1657 Traditional Rental Income: $2007 Airbnb ROI: 5.56% Traditional ROI: 11.76%
5768 Wall Street Waterloo, IA Welcome to your dream home by Skogman Homes! Introducing This Madison floor plan is nestle...	3 beds \| 2 baths \| 1,584 sq.ft.	$477,900	Airbnb cash on cash: -1.03% Traditional cash on cash: 3.09% Airbnb Rental Income: $1156 Traditional Rental Income: $2619 Airbnb ROI: -1.03% Traditional ROI: 3.09%
5752 Wall Street Waterloo, IA Step into modern comfort and effortless style with this brand-new Skogman Homes, located i...	3 beds \| 2 baths \| 1,514 sq.ft.	$465,000	Airbnb cash on cash: -0.99% Traditional cash on cash: 3.23% Airbnb Rental Income: $1156 Traditional Rental Income: $2609 Airbnb ROI: -0.99% Traditional ROI: 3.23%
903 Kimball Avenue Waterloo, IA Discover this beautiful brick home full of character and charm, perfectly situated on the ...	4 beds \| 1 baths \| 1,751 sq.ft.	$198,000	Airbnb cash on cash: 3.43% Traditional cash on cash: 7.99% Airbnb Rental Income: $1657 Traditional Rental Income: $2049 Airbnb ROI: 3.43% Traditional ROI: 7.99%
337 Almond Street Waterloo, IA Set on a quiet Waterloo street, this home makes an immediate and welcoming impression. Wel...	3 beds \| 3 baths \| 2,616 sq.ft.	$349,900	Airbnb cash on cash: 0.95% Traditional cash on cash: 6.58% Airbnb Rental Income: $1156 Traditional Rental Income: $2623 Airbnb ROI: 0.95% Traditional ROI: 6.58%
4170 Mystic Drive Waterloo, IA New Construction Ranch Style Condo's are Now Available! Main level offers an open floor pl...	2 beds \| 2 baths \| 1,420 sq.ft.	$349,900	Airbnb cash on cash: -1.81% Traditional cash on cash: 4.77% Airbnb Rental Income: $632 Traditional Rental Income: $2501 Airbnb ROI: -1.81% Traditional ROI: 4.77%
1811 Sager Avenue Waterloo, IA Completely renovated from top to bottom, this move-in ready 2 bedroom, 1 bath home offers ...	2 beds \| 1 baths \| 864 sq.ft.	$162,500	Airbnb cash on cash: -0.95% Traditional cash on cash: 6.2% Airbnb Rental Income: $632 Traditional Rental Income: $1447 Airbnb ROI: -0.95% Traditional ROI: 6.2%
150 Belleview Road Waterloo, IA Welcome home to this beautifully remodeled, move-in ready ranch tucked into a mature and h...	4 beds \| 3 baths \| 3,724 sq.ft.	$429,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 5.02% Airbnb Rental Income: $1657 Traditional Rental Income: $3030 Airbnb ROI: 0.44% Traditional ROI: 5.02%
230 Gable Street Waterloo, IA Attn: First time home buyers!! Brand new stick-built construction! Great one-story home wi...	3 beds \| 3 baths \| 1,176 sq.ft.	$179,500	Airbnb cash on cash: 2.73% Traditional cash on cash: 11.49% Airbnb Rental Income: $1156 Traditional Rental Income: $2270 Airbnb ROI: 2.73% Traditional ROI: 11.49%
4157 Omaha Avenue Waterloo, IA Unpack, unwind, and enjoy the effortless lifestyle offered by this pristine, move-in-ready...	3 beds \| 3 baths \| 1,545 sq.ft.	$297,900	Airbnb cash on cash: 1.3% Traditional cash on cash: 8.85% Airbnb Rental Income: $1156 Traditional Rental Income: $2893 Airbnb ROI: 1.3% Traditional ROI: 8.85%
500 Douglas Rd Waterloo, IA Exceptional home on hard to find in town acreage! Quality and comfort are yours in this ma...	4 beds \| 3 baths \| 3,761 sq.ft.	$524,900	Airbnb cash on cash: -0.23% Traditional cash on cash: 3.36% Airbnb Rental Income: $1657 Traditional Rental Income: $2953 Airbnb ROI: -0.23% Traditional ROI: 3.36%
134 Sunbird Court Waterloo, IA The Tyler by Skogman Homes. This wonderful ranch-style home offers 3 bedrooms and 2 baths,...	3 beds \| 2 baths \| 1,716 sq.ft.	$538,862	Airbnb cash on cash: -1.2% Traditional cash on cash: 2.44% Airbnb Rental Income: $1156 Traditional Rental Income: $2608 Airbnb ROI: -1.2% Traditional ROI: 2.44%
4467 Charm Drive Waterloo, IA Experience the perfect blend of luxury, comfort, and convenience in this stunning brand-ne...	3 beds \| 2 baths \| 1,742 sq.ft.	$429,900	Airbnb cash on cash: 0.57% Traditional cash on cash: 5.12% Airbnb Rental Income: $1156 Traditional Rental Income: $2606 Airbnb ROI: 0.57% Traditional ROI: 5.12%
319 Iowa Street Waterloo, IA Be the first to call this newly constructed Waterloo home your own. With 3 bedrooms, 1.5 b...	3 beds \| 2 baths \| 1,352 sq.ft.	$224,900	Airbnb cash on cash: 2.16% Traditional cash on cash: 7.68% Airbnb Rental Income: $1156 Traditional Rental Income: $1949 Airbnb ROI: 2.16% Traditional ROI: 7.68%
427 Iowa Street Waterloo, IA Set on a quiet Waterloo street, this thoughtfully renewed two-story home blends character ...	3 beds \| 3 baths \| 1,624 sq.ft.	$199,900	Airbnb cash on cash: 1.94% Traditional cash on cash: 10.59% Airbnb Rental Income: $1156 Traditional Rental Income: $2416 Airbnb ROI: 1.94% Traditional ROI: 10.59%
215 Arden Street Waterloo, IA Bursting with timeless charm and distinctive character, this stunning stone home makes a m...	3 beds \| 2 baths \| 2,495 sq.ft.	$237,500	Airbnb cash on cash: 0.12% Traditional cash on cash: 8.64% Airbnb Rental Income: $1156 Traditional Rental Income: $2687 Airbnb ROI: 0.12% Traditional ROI: 8.64%
915 Evergreen Avenue Waterloo, IA Whether you are a first-time homebuyer, a savvy investor, or looking to downsize without s...	1 beds \| 1 baths \| 464 sq.ft.	$69,500	Airbnb cash on cash: 0.25% Traditional cash on cash: 10.78% Airbnb Rental Income: $564 Traditional Rental Income: $1008 Airbnb ROI: 0.25% Traditional ROI: 10.78%
434 Belmont Avenue Waterloo, IA Tucked into a Waterloo neighborhood where daily life feels simple and manageable, this tho...	2 beds \| 1 baths \| 864 sq.ft.	$99,900	Airbnb cash on cash: 0.73% Traditional cash on cash: 11.38% Airbnb Rental Income: $632 Traditional Rental Income: $1372 Airbnb ROI: 0.73% Traditional ROI: 11.38%
714 Quincy Street Waterloo, IA Well-maintained split level home offering comfort, space and functionality. Features 3 spa...	3 beds \| 2 baths \| 1,032 sq.ft.	$239,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 6.78% Airbnb Rental Income: $1156 Traditional Rental Income: $2024 Airbnb ROI: 1.25% Traditional ROI: 6.78%
825 Belle Street Waterloo, IA Move-in ready 3 bedroom ranch with numerous updates! Open kitchen to dining and generous l...	3 beds \| 1 baths \| 1,675 sq.ft.	$239,900	Airbnb cash on cash: 0.62% Traditional cash on cash: 5.74% Airbnb Rental Income: $1156 Traditional Rental Income: $1936 Airbnb ROI: 0.62% Traditional ROI: 5.74%
1535 Hawthorne Avenue Waterloo, IA Refreshed and full of surprises! This beautifully updated home offers more space than meet...	3 beds \| 1 baths \| 1,233 sq.ft.	$155,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 9.03% Airbnb Rental Income: $1156 Traditional Rental Income: $1804 Airbnb ROI: 2.08% Traditional ROI: 9.03%

Real Estate investment in Waterloo, IA

There are 163 properties for sale in the city of Waterloo . The median list price in Waterloo is $186,201 and the average price per square foot is $112. In July 2026, the average monthly cash on cash return in Waterloo is 9.00%. The average monthly rental income in Waterloo is $2,332.

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

There are 163 investment properties available for sale in Waterloo.

In 2026, the best neighborhood to buy investment property is Cedar River.

The ROI for Long-Term is higher than the Short-Term in Waterloo with average rental income of $2,332.

Your search for investment property begins and ends here

Investment Property for Sale in Waterloo, IA

1557 Forest Avenue

Waterloo, IA

2 beds | 1 baths | 1,302 sq.ft.

$134,900

Airbnb cash on cash: -0.85%

Traditional cash on cash: 9.58%

Airbnb Rental Income: $632

Traditional Rental Income: $1688

Airbnb ROI: -0.85%

Traditional ROI: 9.58%

4245 W 4th Street

Waterloo, IA

4 beds | 2 baths | 2,086 sq.ft.

$325,000

Airbnb cash on cash: 1.05%

Traditional cash on cash: 6.3%

Airbnb Rental Income: $1657

Traditional Rental Income: $2798

Airbnb ROI: 1.05%

Traditional ROI: 6.3%

144 Amity Drive

Waterloo, IA

4 beds | 2 baths | 3,017 sq.ft.

$359,900

Airbnb cash on cash: 0.42%

Traditional cash on cash: 5.73%

Airbnb Rental Income: $1657

Traditional Rental Income: $2986

Airbnb ROI: 0.42%

Traditional ROI: 5.73%

1166 Easton Avenue

Waterloo, IA

2 beds | 2 baths | 1,323 sq.ft.

$149,900

Airbnb cash on cash: -0.67%

Traditional cash on cash: 11.49%

Airbnb Rental Income: $632

Traditional Rental Income: $2082

Airbnb ROI: -0.67%

Traditional ROI: 11.49%

1800 E Ridgeway Avenue

Waterloo, IA

4 beds | 2 baths | 1,284 sq.ft.

$300,000

Airbnb cash on cash: 1.13%

Traditional cash on cash: 5.17%

Airbnb Rental Income: $1657

Traditional Rental Income: $2331

Airbnb ROI: 1.13%

Traditional ROI: 5.17%

250 Kenilworth Road

Waterloo, IA

3 beds | 2 baths | 1,778 sq.ft.

$249,900

Airbnb cash on cash: 0.42%

Traditional cash on cash: 8.15%

Airbnb Rental Income: $1156

Traditional Rental Income: $2598

Airbnb ROI: 0.42%

Traditional ROI: 8.15%

1513 Ohio Street

Waterloo, IA

4 beds | 3 baths | 1,701 sq.ft.

$517,000

Airbnb cash on cash: 1.11%

Traditional cash on cash: 3.87%

Airbnb Rental Income: $1657

Traditional Rental Income: $2524

Airbnb ROI: 1.11%

Traditional ROI: 3.87%

1129 Maxine Avenue

Waterloo, IA

3 beds | 1 baths | 1,478 sq.ft.

$189,900

Airbnb cash on cash: 1.39%

Traditional cash on cash: 6.8%

Airbnb Rental Income: $1156

Traditional Rental Income: $1750

Airbnb ROI: 1.39%