Real Estate Investment Properties for Sale in Indianapolis, IN

Looking for investment property in Indianapolis, IN with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
665 E 9th Street Indianapolis, IN Terrific opportunity in ideal location! Two minute walk from BOTH Mass Ave and Bottle Wor...	3 beds \| 4 baths \| 2,973 sq.ft.	$650,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 2.85% Airbnb Rental Income: $2204 Traditional Rental Income: $2937 Airbnb ROI: 0.72% Traditional ROI: 2.85%
3738 Ruckle Street Indianapolis, IN Check out this 3 bedroom 1 1/2 bath home with an all new kitchen including stainless steel...	3 beds \| 2 baths \| 2,588 sq.ft.	$320,000	Airbnb cash on cash: 3.93% Traditional cash on cash: 5.12% Airbnb Rental Income: $2424 Traditional Rental Income: $2190 Airbnb ROI: 3.93% Traditional ROI: 5.12%
9063 Dewberry Court Indianapolis, IN Escape from the ordinary in this unique multi-level 4bed/2.5bath home located in the heart...	4 beds \| 3 baths \| 3,490 sq.ft.	$497,000	Airbnb cash on cash: 2.63% Traditional cash on cash: 4.14% Airbnb Rental Income: $2930 Traditional Rental Income: $2955 Airbnb ROI: 2.63% Traditional ROI: 4.14%
1644 Fletcher Avenue Indianapolis, IN Welcome to this stunning gem in the heart of Fountain Square! Immerse yourself in the vibr...	3 beds \| 3 baths \| 1,896 sq.ft.	$325,000	Airbnb cash on cash: 4.54% Traditional cash on cash: 5.37% Airbnb Rental Income: $2557 Traditional Rental Income: $2194 Airbnb ROI: 4.54% Traditional ROI: 5.37%
802 N Tuxedo Street Indianapolis, IN Welcome to this beautifully remodeled 3-bedroom, 2-bath home just minutes from downtown In...	3 beds \| 2 baths \| 1,063 sq.ft.	$230,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 4.69% Airbnb Rental Income: $1240 Traditional Rental Income: $1514 Airbnb ROI: 1.61% Traditional ROI: 4.69%
1121 N Parker Avenue Indianapolis, IN This home seamlessly blends timeless charm and character with modern updates and convenien...	4 beds \| 3 baths \| 2,342 sq.ft.	$299,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 7.49% Airbnb Rental Income: $1386 Traditional Rental Income: $2721 Airbnb ROI: 1.26% Traditional ROI: 7.49%
503 Lockerbie Circle N Indianapolis, IN Lockerbie Glove Townhouse! Aha! You have found the perfect (yet elusive!) Downtown hom...	2 beds \| 3 baths \| 1,875 sq.ft.	$465,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 2.5% Airbnb Rental Income: $1859 Traditional Rental Income: $2273 Airbnb ROI: 0.41% Traditional ROI: 2.5%
938 N Alabama Street Indianapolis, IN Beautiful 3 Bedroom 3.5 Bath Historical Home. Located in St. Joseph district. Totally ren...	3 beds \| 4 baths \| 2,628 sq.ft.	$499,990	Airbnb cash on cash: 1.48% Traditional cash on cash: 4.26% Airbnb Rental Income: $2204 Traditional Rental Income: $2948 Airbnb ROI: 1.48% Traditional ROI: 4.26%
2919 E New York Street Indianapolis, IN Great opportunity to purchase a property surrounded by development and growth. There are f...	4 beds \| 1 baths \| 1,236 sq.ft.	$144,000	Airbnb cash on cash: 4.78% Traditional cash on cash: 9.34% Airbnb Rental Income: $1386 Traditional Rental Income: $1595 Airbnb ROI: 4.78% Traditional ROI: 9.34%
1902 Woodlawn Avenue Indianapolis, IN Step into this beautifully and full of character gem in Fountain Square. Lovingly preserve...	4 beds \| 2 baths \| 2,016 sq.ft.	$365,000	Airbnb cash on cash: 4.08% Traditional cash on cash: 4.42% Airbnb Rental Income: $2775 Traditional Rental Income: $2241 Airbnb ROI: 4.08% Traditional ROI: 4.42%
1236 Cheshire Drive Indianapolis, IN Welcome home to this recently remodeled bi-level, featuring 3 bedrooms and 2 full baths. L...	3 beds \| 2 baths \| 1,404 sq.ft.	$199,900	Airbnb cash on cash: 8.92% Traditional cash on cash: 8.06% Airbnb Rental Income: $2663 Traditional Rental Income: $1867 Airbnb ROI: 8.92% Traditional ROI: 8.06%
3623 W 56th Street Indianapolis, IN Welcome to your dream home at 3623 West 56th Street in the heart of Indianapolis! This bea...	3 beds \| 2 baths \| 1,622 sq.ft.	$325,000	Airbnb cash on cash: 6.68% Traditional cash on cash: 4.76% Airbnb Rental Income: $3363 Traditional Rental Income: $2027 Airbnb ROI: 6.68% Traditional ROI: 4.76%
602 Parkway Avenue Indianapolis, IN Imagine enjoying morning coffee on your back deck or experience cooking in your New Kitche...	3 beds \| 2 baths \| 2,320 sq.ft.	$299,000	Airbnb cash on cash: 6.32% Traditional cash on cash: 6.06% Airbnb Rental Income: $2847 Traditional Rental Income: $2110 Airbnb ROI: 6.32% Traditional ROI: 6.06%
1332 Cliff Ridge Court Indianapolis, IN Welcome to this updated 3-bedroom, 2-bathroom home in the Perry Township area of Indianapo...	3 beds \| 2 baths \| 1,209 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.65% Airbnb Rental Income: $null Traditional Rental Income: $2051 Airbnb ROI: N/A Traditional ROI: 7.65%
1431 E Pleasant Run Parkway South Drive Indianapolis, IN Welcome to This Fully Remodeled 3-Bed, 1-Bath Gem Near Fountain Square! Waterproof Luxury ...	3 beds \| 1 baths \| 925 sq.ft.	$200,000	Airbnb cash on cash: 8.58% Traditional cash on cash: 5.38% Airbnb Rental Income: $2557 Traditional Rental Income: $1335 Airbnb ROI: 8.58% Traditional ROI: 5.38%
4019 Carrollton Avenue Indianapolis, IN Check out this beautifully updated Meridian Kessler/SoBro 3BD/1.5 bath Cape Cod style home...	3 beds \| 2 baths \| 1,839 sq.ft.	$375,000	Airbnb cash on cash: 3.11% Traditional cash on cash: 4.19% Airbnb Rental Income: $2430 Traditional Rental Income: $2218 Airbnb ROI: 3.11% Traditional ROI: 4.19%
1399 Castleford Lane Indianapolis, IN Beautiful, charming & inviting home both inside and out! If you need (or want) an abundanc...	4 beds \| 3 baths \| 3,248 sq.ft.	$349,500	Airbnb cash on cash: 3.99% Traditional cash on cash: 6.79% Airbnb Rental Income: $2509 Traditional Rental Income: $2821 Airbnb ROI: 3.99% Traditional ROI: 6.79%
7851 Cork Bend Lane Indianapolis, IN Priced to sell!!! Great floor plan with split bedrooms. Vinyl flooring replaced in 2018 a...	2 beds \| 2 baths \| 1,239 sq.ft.	$172,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 6.93% Airbnb Rental Income: $1193 Traditional Rental Income: $1700 Airbnb ROI: 1.47% Traditional ROI: 6.93%
1107 N Drexel Avenue Indianapolis, IN Wait till you see this cute bungalow! Well maintained bungalow with a full basement and a...	3 beds \| 2 baths \| 1,511 sq.ft.	$219,900	Airbnb cash on cash: 2.34% Traditional cash on cash: 8.04% Airbnb Rental Income: $1240 Traditional Rental Income: $2033 Airbnb ROI: 2.34% Traditional ROI: 8.04%
7746 Cole Wood Boulevard Indianapolis, IN Welcome to your dream home! This spacious 4-bedroom, 2.5-bath property offers the perfect ...	4 beds \| 3 baths \| 2,038 sq.ft.	$264,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.87% Airbnb Rental Income: $null Traditional Rental Income: $2762 Airbnb ROI: N/A Traditional ROI: 8.87%
8995 Spring Mill Road Indianapolis, IN Step into this 3-bedroom, 2-bath brick ranch home full of charm and cozy details that make...	3 beds \| 2 baths \| 1,764 sq.ft.	$295,000	Airbnb cash on cash: 8.33% Traditional cash on cash: 5.61% Airbnb Rental Income: $3637 Traditional Rental Income: $2088 Airbnb ROI: 8.33% Traditional ROI: 5.61%
9336 Shenandoah Court Indianapolis, IN Discover a captivating one-story retreat tucked away on a quiet cul-de-sac. Spanning 1,400...	3 beds \| 2 baths \| 1,420 sq.ft.	$242,000	Airbnb cash on cash: 3.45% Traditional cash on cash: 8.17% Airbnb Rental Income: $1584 Traditional Rental Income: $2212 Airbnb ROI: 3.45% Traditional ROI: 8.17%
1513 E Markwood Avenue Indianapolis, IN Located within walking distance of the University of Indianapolis, this cute 3 Bed, 2 Full...	3 beds \| 2 baths \| 1,232 sq.ft.	$214,900	Airbnb cash on cash: 4.6% Traditional cash on cash: 7.46% Airbnb Rental Income: $1814 Traditional Rental Income: $1905 Airbnb ROI: 4.6% Traditional ROI: 7.46%
1652 Spann Avenue Indianapolis, IN Welcome to your new home! This Fountain Square Beauty was tore down to the studs and compl...	3 beds \| 3 baths \| 2,304 sq.ft.	$350,000	Airbnb cash on cash: 4.15% Traditional cash on cash: 6.04% Airbnb Rental Income: $2557 Traditional Rental Income: $2563 Airbnb ROI: 4.15% Traditional ROI: 6.04%
5818 Crittenden Avenue Indianapolis, IN Move-in ready Broad Ripple bungalow is ready for its next owner! This 3 bedroom, 2 full ba...	3 beds \| 2 baths \| 1,490 sq.ft.	$299,900	Airbnb cash on cash: 5.32% Traditional cash on cash: 5.3% Airbnb Rental Income: $2676 Traditional Rental Income: $2036 Airbnb ROI: 5.32% Traditional ROI: 5.3%
1230 Harlan Street Indianapolis, IN This modern, contemporary home offers form and function with high-end finishes and a uniqu...	3 beds \| 4 baths \| 2,498 sq.ft.	$379,999	Airbnb cash on cash: 2.44% Traditional cash on cash: 5.68% Airbnb Rental Income: $2557 Traditional Rental Income: $3095 Airbnb ROI: 2.44% Traditional ROI: 5.68%
301 S Gibson Avenue Indianapolis, IN Welcome Home! Nestled on a spacious 1/2 acre corner lot, this house is move in ready. St...	2 beds \| 2 baths \| 944 sq.ft.	$169,000	Airbnb cash on cash: 5.59% Traditional cash on cash: 7.02% Airbnb Rental Income: $1665 Traditional Rental Income: $1429 Airbnb ROI: 5.59% Traditional ROI: 7.02%
6020 E Southern Avenue Indianapolis, IN Welcome home to this spacious, updated 4 bedroom home located on a quiet, established stre...	4 beds \| 3 baths \| 2,160 sq.ft.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.44% Airbnb Rental Income: $null Traditional Rental Income: $2626 Airbnb ROI: N/A Traditional ROI: 8.44%
7820 Bombay Lane Indianapolis, IN INCREDIBLE OPPORTUNITY! Make sure to schedule time to see this 3 bedroom, 2.5 bath home in...	3 beds \| 3 baths \| 2,176 sq.ft.	$310,000	Airbnb cash on cash: 6.86% Traditional cash on cash: 6.34% Airbnb Rental Income: $3346 Traditional Rental Income: $2448 Airbnb ROI: 6.86% Traditional ROI: 6.34%
6709 Prince Regent Court Indianapolis, IN Discover the convenience and comfort of this 2-bedroom, 1.5-bathroom patio home, perfectly...	2 beds \| 2 baths \| 1,175 sq.ft.	$230,000	Airbnb cash on cash: 4.64% Traditional cash on cash: 5.29% Airbnb Rental Income: $1950 Traditional Rental Income: $1578 Airbnb ROI: 4.64% Traditional ROI: 5.29%
747 N Bosart Avenue Indianapolis, IN This charming home is priced to sell! Check out the square footage in this spacious bungal...	2 beds \| 1 baths \| 1,310 sq.ft.	$163,500	Airbnb cash on cash: -1.36% Traditional cash on cash: 7.68% Airbnb Rental Income: $388 Traditional Rental Income: $1545 Airbnb ROI: -1.36% Traditional ROI: 7.68%
455 S Pine Street #1 Indianapolis, IN SPECIAL FINANCING! Seller is offering 2/1 interest rate buydown with acceptable offer! Ta...	2 beds \| 2 baths \| 1,185 sq.ft.	$281,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.92% Airbnb Rental Income: $null Traditional Rental Income: $1696 Airbnb ROI: N/A Traditional ROI: 2.92%
7732 Evian Drive Indianapolis, IN What a great find in the Geist area near shopping, recreation and schools! This updated 3...	4 beds \| 3 baths \| 2,166 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.53% Airbnb Rental Income: $null Traditional Rental Income: $2540 Airbnb ROI: N/A Traditional ROI: 6.53%
3610 W Perry Street Indianapolis, IN Solid 3 bedroom, 2 full bathrooms and 1 car garage with privacy fenced backyard. Spacious ...	3 beds \| 2 baths \| 1,338 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.2% Airbnb Rental Income: $null Traditional Rental Income: $1888 Airbnb ROI: N/A Traditional ROI: 8.2%
7622 Vintage Court Indianapolis, IN Welcome Home to this beautifully designed 3-bedroom, 2.5-bath condo offering low-maintenan...	3 beds \| 3 baths \| 1,742 sq.ft.	$195,000	Airbnb cash on cash: 5.97% Traditional cash on cash: 7.91% Airbnb Rental Income: $2478 Traditional Rental Income: $2235 Airbnb ROI: 5.97% Traditional ROI: 7.91%
6169 Blue Fox Lane Indianapolis, IN One owner, all brick ranch, one leveled, 3 cars garage, and 4 bedrooms with 2.5 baths is h...	4 beds \| 3 baths \| 2,201 sq.ft.	$379,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.14% Airbnb Rental Income: $null Traditional Rental Income: $2563 Airbnb ROI: N/A Traditional ROI: 5.14%
646 N Rural Street Indianapolis, IN This charming St. Clair home crafts the best of original character with modern design, and...	2 beds \| 3 baths \| 1,694 sq.ft.	$265,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 7.45% Airbnb Rental Income: $388 Traditional Rental Income: $2228 Airbnb ROI: -0.93% Traditional ROI: 7.45%
745 W Banta Road Indianapolis, IN Well maintain brick ranch in Perry Township. 4 bedroom, 2 full baths. Hardwood flooring i...	4 beds \| 2 baths \| 1,610 sq.ft.	$310,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.17% Airbnb Rental Income: $null Traditional Rental Income: $2155 Airbnb ROI: N/A Traditional ROI: 5.17%
6143 Riverview Drive Indianapolis, IN Nestled in the charming Warfleigh neighborhood, 6143 Riverview Drive is a beautifully upda...	4 beds \| 2 baths \| 3,316 sq.ft.	$515,000	Airbnb cash on cash: 3.83% Traditional cash on cash: 3.21% Airbnb Rental Income: $3361 Traditional Rental Income: $2312 Airbnb ROI: 3.83% Traditional ROI: 3.21%
1904 W 57th Street Indianapolis, IN Beautiful, open concept ranch on a large quiet lot and a full basement. Basement is clean ...	3 beds \| 2 baths \| 1,170 sq.ft.	$250,000	Airbnb cash on cash: 4.62% Traditional cash on cash: 5.57% Airbnb Rental Income: $2023 Traditional Rental Income: $1722 Airbnb ROI: 4.62% Traditional ROI: 5.57%

Real Estate investment in Indianapolis, IN

There are 1,077 properties for sale in the city of Indianapolis . The median list price in Indianapolis is $250,000 and the average price per square foot is $135. In December 2024, the average monthly cash on cash return in Indianapolis is 6.00%. The average monthly rental income in Indianapolis is $2,030.

Indianapolis, IN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 1,077 investment properties available for sale in Indianapolis.

In 2024, the best neighborhood to buy investment property is Ravenswood.

The ROI for Long-Term is higher than the Short-Term in Indianapolis with average rental income of $2,030.

Your search for investment property begins and ends here

Investment Property for Sale in Indianapolis, IN

665 E 9th Street

Indianapolis, IN

3 beds | 4 baths | 2,973 sq.ft.

$650,000

Airbnb cash on cash: 0.72%

Traditional cash on cash: 2.85%

Airbnb Rental Income: $2204

Traditional Rental Income: $2937

Airbnb ROI: 0.72%

Traditional ROI: 2.85%

3738 Ruckle Street

Indianapolis, IN

3 beds | 2 baths | 2,588 sq.ft.

$320,000

Airbnb cash on cash: 3.93%

Traditional cash on cash: 5.12%

Airbnb Rental Income: $2424

Traditional Rental Income: $2190

Airbnb ROI: 3.93%

Traditional ROI: 5.12%

9063 Dewberry Court

Indianapolis, IN

4 beds | 3 baths | 3,490 sq.ft.

$497,000

Airbnb cash on cash: 2.63%

Traditional cash on cash: 4.14%

Airbnb Rental Income: $2930

Traditional Rental Income: $2955

Airbnb ROI: 2.63%

Traditional ROI: 4.14%

1644 Fletcher Avenue

Indianapolis, IN

3 beds | 3 baths | 1,896 sq.ft.

$325,000

Airbnb cash on cash: 4.54%

Traditional cash on cash: 5.37%

Airbnb Rental Income: $2557

Traditional Rental Income: $2194

Airbnb ROI: 4.54%

Traditional ROI: 5.37%

802 N Tuxedo Street

Indianapolis, IN

3 beds | 2 baths | 1,063 sq.ft.

$230,000

Airbnb cash on cash: 1.61%

Traditional cash on cash: 4.69%

Airbnb Rental Income: $1240

Traditional Rental Income: $1514

Airbnb ROI: 1.61%

Traditional ROI: 4.69%

1121 N Parker Avenue

Indianapolis, IN

4 beds | 3 baths | 2,342 sq.ft.

$299,000

Airbnb cash on cash: 1.26%

Traditional cash on cash: 7.49%

Airbnb Rental Income: $1386

Traditional Rental Income: $2721

Airbnb ROI: 1.26%

Traditional ROI: 7.49%

503 Lockerbie Circle N

Indianapolis, IN

2 beds | 3 baths | 1,875 sq.ft.

$465,000

Airbnb cash on cash: 0.41%

Traditional cash on cash: 2.5%

Airbnb Rental Income: $1859

Traditional Rental Income: $2273

Airbnb ROI: 0.41%

Traditional ROI: 2.5%

938 N Alabama Street

Indianapolis, IN

3 beds | 4 baths | 2,628 sq.ft.

$499,990

Airbnb cash on cash: 1.48%

Traditional cash on cash: 4.26%

Airbnb Rental Income: $2204

Traditional Rental Income: $2948

Airbnb ROI: 1.48%