Real Estate Investment Properties for Sale in Carmel, IN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
720 S Rangeline Road #701 Carmel, IN Sky-High Sophistication in the Heart of Carmel. Experience a lifestyle that's literally a...	3 beds \| 4 baths \| 3,765 sq.ft.	$3,600,000	Airbnb cash on cash: -1.36% Traditional cash on cash: -0.98% Airbnb Rental Income: $2509 Traditional Rental Income: $3179 Airbnb ROI: -1.36% Traditional ROI: -0.98%
15364 Mystic Rock Drive Carmel, IN Welcome to 15364 Mystic Rock Drive - a beautifully updated 3-bedroom, 2.5-bath townhouse o...	3 beds \| 4 baths \| 1,831 sq.ft.	$315,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 4.95% Airbnb Rental Income: $2509 Traditional Rental Income: $2425 Airbnb ROI: 3.19% Traditional ROI: 4.95%
3488 Golden Gate Drive N Carmel, IN HERE WE GO! This beautiful townhouse can be a great investor opportunity OR it can be your...	3 beds \| 3 baths \| 1,856 sq.ft.	$339,900	Airbnb cash on cash: 3.18% Traditional cash on cash: 4.23% Airbnb Rental Income: $2509 Traditional Rental Income: $2235 Airbnb ROI: 3.18% Traditional ROI: 4.23%
15340 Mystic Rock Drive Carmel, IN Welcome to your low-maintenance retreat in Carmel, IN. This charming condo offers a unique...	2 beds \| 3 baths \| 1,831 sq.ft.	$330,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 5.44% Airbnb Rental Income: $1883 Traditional Rental Income: $2774 Airbnb ROI: 0.95% Traditional ROI: 5.44%
1512 Evenstar Boulevard Carmel, IN Welcome to Sunrise on the Monon, built by Old Town Design Group! This home features a cont...	3 beds \| 3 baths \| 1,979 sq.ft.	$599,999	Airbnb cash on cash: 1.1% Traditional cash on cash: 2.21% Airbnb Rental Income: $2509 Traditional Rental Income: $2525 Airbnb ROI: 1.1% Traditional ROI: 2.21%
9858 Morningstar Lane Carmel, IN Gorgeous former model home for sale with direct access to the Monon Trail. Master on the ...	4 beds \| 4 baths \| 3,694 sq.ft.	$799,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 2.84% Airbnb Rental Income: $2697 Traditional Rental Income: $3917 Airbnb ROI: 0.35% Traditional ROI: 2.84%
1479 Beaconfield Court Carmel, IN Welcome Home to this beautifully renovated two story brick home in Carmel's established ne...	4 beds \| 3 baths \| 3,714 sq.ft.	$650,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 2.87% Airbnb Rental Income: $2697 Traditional Rental Income: $2775 Airbnb ROI: 1.69% Traditional ROI: 2.87%
12652 Apsley Lane Carmel, IN Charming WestClay Beauty Nestled in the heart of the highly sought-after Village of WestCl...	4 beds \| 4 baths \| 3,312 sq.ft.	$699,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 3% Airbnb Rental Income: $2697 Traditional Rental Income: $3226 Airbnb ROI: 1.21% Traditional ROI: 3%
13727 Offutt Drive Carmel, IN Checkout this beautiful Cape Cod style custom home in Carmel is situated on a private matu...	3 beds \| 3 baths \| 3,999 sq.ft.	$509,900	Airbnb cash on cash: 2.26% Traditional cash on cash: 4% Airbnb Rental Income: $2509 Traditional Rental Income: $2730 Airbnb ROI: 2.26% Traditional ROI: 4%
7240 Zanesville Road Carmel, IN BEAUTIFUL TOWNHOME IN PRIME LOCATION ON 63 ACRES OF PROTECTED NATURE PRESERVE! Modern luxu...	4 beds \| 4 baths \| 2,295 sq.ft.	$410,000	Airbnb cash on cash: 3.04% Traditional cash on cash: 5.44% Airbnb Rental Income: $2697 Traditional Rental Income: $2984 Airbnb ROI: 3.04% Traditional ROI: 5.44%
9699 Prairiewood Way Carmel, IN Welcome to this spacious 3 bedroom brick ranch situated in the sought-after Bramblewood su...	3 beds \| 4 baths \| 3,687 sq.ft.	$499,999	Airbnb cash on cash: 2.13% Traditional cash on cash: 5.97% Airbnb Rental Income: $2509 Traditional Rental Income: $3697 Airbnb ROI: 2.13% Traditional ROI: 5.97%
1921 E 116 Street Carmel, IN This property offers great investment potential in a prime location. Note that potential c...	3 beds \| 2 baths \| 1,657 sq.ft.	$1,200,000	Airbnb cash on cash: 0.09% Traditional cash on cash: 0.32% Airbnb Rental Income: $2509 Traditional Rental Income: $2158 Airbnb ROI: 0.09% Traditional ROI: 0.32%
233 Boulder Court Carmel, IN Tucked away on a quiet cul-de-sac in one of Carmel's most convenient locations, this beaut...	4 beds \| 3 baths \| 2,014 sq.ft.	$440,000	Airbnb cash on cash: 3.26% Traditional cash on cash: 4.33% Airbnb Rental Income: $2697 Traditional Rental Income: $2497 Airbnb ROI: 3.26% Traditional ROI: 4.33%
14047 Platte Drive Carmel, IN Immaculate brick ranch located in the highly sought-after Cherry Creek Estates community i...	4 beds \| 3 baths \| 5,348 sq.ft.	$679,999	Airbnb cash on cash: 1.41% Traditional cash on cash: 2.36% Airbnb Rental Income: $2697 Traditional Rental Income: $2661 Airbnb ROI: 1.41% Traditional ROI: 2.36%
1105 E Greyhound Pass Carmel, IN MASSIVE PRICE REDUCTION!!!Charming 4BR/2.5BA Home in Village Farms on Nearly 1/2 Acre! Spa...	4 beds \| 3 baths \| 2,330 sq.ft.	$380,000	Airbnb cash on cash: 3.8% Traditional cash on cash: 5.37% Airbnb Rental Income: $2697 Traditional Rental Income: $2619 Airbnb ROI: 3.8% Traditional ROI: 5.37%
9797 Ditch Road Carmel, IN Resting on 1.28 lush, semi-wooded acres in one of Carmel's most distinguished settings, th...	4 beds \| 2 baths \| 3,642 sq.ft.	$530,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 3.47% Airbnb Rental Income: $2697 Traditional Rental Income: $2841 Airbnb ROI: 1.89% Traditional ROI: 3.47%
11697 Lake Forest Parkway Carmel, IN Beautifully maintained waterfront ranch in the highly sought-after Lake Forest community i...	2 beds \| 2 baths \| 1,907 sq.ft.	$499,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 1.8% Airbnb Rental Income: $1883 Traditional Rental Income: $1752 Airbnb ROI: 1.01% Traditional ROI: 1.8%
946 Lenox Lane #104 Carmel, IN Welcome to this FIRST FLOOR move-in ready 2-bedroom, 2-bath condo featuring modern updates...	2 beds \| 2 baths \| 1,072 sq.ft.	$258,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 3.94% Airbnb Rental Income: $1883 Traditional Rental Income: $1745 Airbnb ROI: 2.44% Traditional ROI: 3.94%
62 Bennett Road Carmel, IN Welcome to this charming 4 bdrm, 2 bath ranch nestled in the desirable Village of Mt Carme...	3 beds \| 2 baths \| 1,600 sq.ft.	$385,000	Airbnb cash on cash: 2.8% Traditional cash on cash: 3.2% Airbnb Rental Income: $2509 Traditional Rental Income: $2045 Airbnb ROI: 2.8% Traditional ROI: 3.2%
41 N Rangeline Road #7 Carmel, IN Only one unit remains! Nestled at the iconic intersection of Rangeline Rd. and Main St., 1...	4 beds \| 4 baths \| 2,930 sq.ft.	$1,820,000	Airbnb cash on cash: -0.42% Traditional cash on cash: 0.5% Airbnb Rental Income: $2697 Traditional Rental Income: $3625 Airbnb ROI: -0.42% Traditional ROI: 0.5%
15405 Mystic Rock Drive Carmel, IN Discover unparalleled luxury in this brand-new, custom-built home by Sigma Builders, locat...	4 beds \| 4 baths \| 2,322 sq.ft.	$600,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 3.54% Airbnb Rental Income: $2697 Traditional Rental Income: $2790 Airbnb ROI: 2.23% Traditional ROI: 3.54%
15407 Mystic Rock Drive Carmel, IN Discover unparalleled luxury in this brand-new, custom-built home by Sigma Builders, locat...	4 beds \| 4 baths \| 2,432 sq.ft.	$600,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 3.67% Airbnb Rental Income: $2697 Traditional Rental Income: $2862 Airbnb ROI: 2.23% Traditional ROI: 3.67%
3924 Bear Creek Way Carmel, IN SPECTACULAR AND RARE OPPORTUNITY IN DESIRED OVERBROOK FARMS! This one level, 4 bedroom, 3...	4 beds \| 4 baths \| 5,320 sq.ft.	$799,900	Airbnb cash on cash: 0.6% Traditional cash on cash: 2.42% Airbnb Rental Income: $2697 Traditional Rental Income: $3420 Airbnb ROI: 0.6% Traditional ROI: 2.42%
30 W Main Street #3D Carmel, IN Welcome to luxury living in the heart of downtown Carmel! This stunning penthouse condo, r...	2 beds \| 3 baths \| 3,181 sq.ft.	$1,295,000	Airbnb cash on cash: -1.22% Traditional cash on cash: -0.67% Airbnb Rental Income: $1883 Traditional Rental Income: $2042 Airbnb ROI: -1.22% Traditional ROI: -0.67%
10820 Queensbury Court Carmel, IN This beautiful two-story residence spans a generous floor plan that includes 4 well-appoin...	4 beds \| 3 baths \| 2,443 sq.ft.	$499,999	Airbnb cash on cash: 2.27% Traditional cash on cash: 3.66% Airbnb Rental Income: $2697 Traditional Rental Income: $2710 Airbnb ROI: 2.27% Traditional ROI: 3.66%
5983 Clearview Drive Carmel, IN Great "open" floor entry in home and stair rail to 2nd floor and more "wow" factors about ...	4 beds \| 4 baths \| 4,124 sq.ft.	$729,900	Airbnb cash on cash: 1.03% Traditional cash on cash: 1.91% Airbnb Rental Income: $2697 Traditional Rental Income: $2658 Airbnb ROI: 1.03% Traditional ROI: 1.91%
1726 Creekside Lane W Carmel, IN Welcome to this beautifully updated condominium that combines comfort and style in a seren...	3 beds \| 3 baths \| 2,338 sq.ft.	$375,000	Airbnb cash on cash: 2.18% Traditional cash on cash: 3.6% Airbnb Rental Income: $2509 Traditional Rental Income: $2399 Airbnb ROI: 2.18% Traditional ROI: 3.6%
14135 Nicholas Drive Carmel, IN Fall in love with this stunning 4-bedroom, 2.5-bath updated home in Carmel! Step into styl...	4 beds \| 3 baths \| 2,847 sq.ft.	$475,000	Airbnb cash on cash: 2.4% Traditional cash on cash: 4.16% Airbnb Rental Income: $2697 Traditional Rental Income: $2837 Airbnb ROI: 2.4% Traditional ROI: 4.16%
631 1st Avenue NW Carmel, IN Like-new custom home in the heart of downtown Carmel, completed in May 2023 by SLM Homes. ...	4 beds \| 4 baths \| 3,808 sq.ft.	$2,150,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 0.38% Airbnb Rental Income: $2697 Traditional Rental Income: $3549 Airbnb ROI: -0.37% Traditional ROI: 0.38%
567 Hawthorne Drive Carmel, IN Wow! Tons of updates in this 4bd 2.5 bath home with great open floor plan, awesome curb ap...	4 beds \| 3 baths \| 2,938 sq.ft.	$545,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 3.82% Airbnb Rental Income: $2697 Traditional Rental Income: $2982 Airbnb ROI: 2.01% Traditional ROI: 3.82%
920 Veterans Way #204 Carmel, IN Welcome to 920 Veterans Way, a never-lived-in luxury end unit offering superior privacy, d...	2 beds \| 2 baths \| 1,515 sq.ft.	$675,000	Airbnb cash on cash: -5.19% Traditional cash on cash: -3.84% Airbnb Rental Income: $1883 Traditional Rental Income: $2229 Airbnb ROI: -5.19% Traditional ROI: -3.84%
776 Templeton Drive Carmel, IN 3-Bedroom, 2 1/2 Bath end unit in Carmel's Gramercy West. Less than a year-old David Weekl...	3 beds \| 3 baths \| 1,996 sq.ft.	$585,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 2.46% Airbnb Rental Income: $2509 Traditional Rental Income: $2539 Airbnb ROI: 1.3% Traditional ROI: 2.46%
1805 Wood Valley Drive Carmel, IN Tucked away on a quiet cul-de-sac just minutes from downtown Carmel, this hidden gem sits ...	4 beds \| 5 baths \| 7,684 sq.ft.	$2,190,000	Airbnb cash on cash: -0.89% Traditional cash on cash: 0.53% Airbnb Rental Income: $2697 Traditional Rental Income: $4948 Airbnb ROI: -0.89% Traditional ROI: 0.53%
3516 Thomas Jefferson Street Carmel, IN Nestled in a residential area at 3516 Thomas Jefferson ST, CARMEL, IN, this attractive tow...	3 beds \| 3 baths \| 1,622 sq.ft.	$308,000	Airbnb cash on cash: 3.84% Traditional cash on cash: 4.77% Airbnb Rental Income: $2509 Traditional Rental Income: $2173 Airbnb ROI: 3.84% Traditional ROI: 4.77%
14933 W Black Wolf Run Drive Carmel, IN Discover exceptional value in Village At Bridgewater , one of Westfield's most desirable l...	4 beds \| 3 baths \| 2,958 sq.ft.	$659,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 2.43% Airbnb Rental Income: $2697 Traditional Rental Income: $2814 Airbnb ROI: 1.2% Traditional ROI: 2.43%
473 Hamlet Drive Carmel, IN Elevate your lifestyle with the stunning 3 Story Townhome in JG Village of Carmel, an exce...	3 beds \| 4 baths \| 3,105 sq.ft.	$1,169,770	Airbnb cash on cash: -0.54% Traditional cash on cash: 0.38% Airbnb Rental Income: $2509 Traditional Rental Income: $2906 Airbnb ROI: -0.54% Traditional ROI: 0.38%
10194 Briar Creek Lane Carmel, IN Stately Colonial in Briar Creek on 1/3 of an acre with beautiful landscaping. Seller is of...	4 beds \| 3 baths \| 3,594 sq.ft.	$539,900	Airbnb cash on cash: 2.07% Traditional cash on cash: 3.49% Airbnb Rental Income: $2697 Traditional Rental Income: $2776 Airbnb ROI: 2.07% Traditional ROI: 3.49%
11614 Buttonwood Drive Carmel, IN An incredible opportunity to live in Carmel for under $300K! This 3-bedroom, 2.5-bath cond...	3 beds \| 3 baths \| 1,358 sq.ft.	$277,500	Airbnb cash on cash: 4.16% Traditional cash on cash: 4.87% Airbnb Rental Income: $2509 Traditional Rental Income: $2087 Airbnb ROI: 4.16% Traditional ROI: 4.87%
451 American Way N #1C Carmel, IN Convenience, convenience, Convenience in this 2 bed 2 bath condo comes with 2 dedicated pa...	2 beds \| 2 baths \| 1,197 sq.ft.	$395,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 1.37% Airbnb Rental Income: $1883 Traditional Rental Income: $1677 Airbnb ROI: 0.57% Traditional ROI: 1.37%
14610 Village Park E Drive Carmel, IN Come check out this three bedroom, two bath home in Village Park Estates-- perfect for a f...	3 beds \| 2 baths \| 1,460 sq.ft.	$329,000	Airbnb cash on cash: 3.08% Traditional cash on cash: 3.02% Airbnb Rental Income: $2509 Traditional Rental Income: $1883 Airbnb ROI: 3.08% Traditional ROI: 3.02%

Real Estate investment in Carmel, IN

There are 103 properties for sale in the city of Carmel . The median list price in Carmel is $535,000 and the average price per square foot is $184. In December 2025, the average monthly cash on cash return in Carmel is 3.00%. The average monthly rental income in Carmel is $2,714.

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

There are 103 investment properties available for sale in Carmel.

In 2025, the best neighborhood to buy investment property is Carmel.

The ROI for Long-Term is higher than the Short-Term in Carmel with average rental income of $2,714.

Your search for investment property begins and ends here

Investment Property for Sale in Carmel, IN

720 S Rangeline Road #701

Carmel, IN

3 beds | 4 baths | 3,765 sq.ft.

$3,600,000

Airbnb cash on cash: -1.36%

Traditional cash on cash: -0.98%

Airbnb Rental Income: $2509

Traditional Rental Income: $3179

Airbnb ROI: -1.36%

Traditional ROI: -0.98%

15364 Mystic Rock Drive

Carmel, IN

3 beds | 4 baths | 1,831 sq.ft.

$315,000

Airbnb cash on cash: 3.19%

Traditional cash on cash: 4.95%

Airbnb Rental Income: $2509

Traditional Rental Income: $2425

Airbnb ROI: 3.19%

Traditional ROI: 4.95%

3488 Golden Gate Drive N

Carmel, IN

3 beds | 3 baths | 1,856 sq.ft.

$339,900

Airbnb cash on cash: 3.18%

Traditional cash on cash: 4.23%

Airbnb Rental Income: $2509

Traditional Rental Income: $2235

Airbnb ROI: 3.18%

Traditional ROI: 4.23%

15340 Mystic Rock Drive

Carmel, IN

2 beds | 3 baths | 1,831 sq.ft.

$330,000

Airbnb cash on cash: 0.95%

Traditional cash on cash: 5.44%

Airbnb Rental Income: $1883

Traditional Rental Income: $2774

Airbnb ROI: 0.95%

Traditional ROI: 5.44%

1512 Evenstar Boulevard

Carmel, IN

3 beds | 3 baths | 1,979 sq.ft.

$599,999

Airbnb cash on cash: 1.1%

Traditional cash on cash: 2.21%

Airbnb Rental Income: $2509

Traditional Rental Income: $2525

Airbnb ROI: 1.1%

Traditional ROI: 2.21%

9858 Morningstar Lane

Carmel, IN

4 beds | 4 baths | 3,694 sq.ft.

$799,000

Airbnb cash on cash: 0.35%

Traditional cash on cash: 2.84%

Airbnb Rental Income: $2697

Traditional Rental Income: $3917

Airbnb ROI: 0.35%

Traditional ROI: 2.84%

1479 Beaconfield Court

Carmel, IN

4 beds | 3 baths | 3,714 sq.ft.

$650,000

Airbnb cash on cash: 1.69%

Traditional cash on cash: 2.87%

Airbnb Rental Income: $2697

Traditional Rental Income: $2775

Airbnb ROI: 1.69%

Traditional ROI: 2.87%

12652 Apsley Lane

Carmel, IN

4 beds | 4 baths | 3,312 sq.ft.

$699,900

Airbnb cash on cash: 1.21%

Traditional cash on cash: 3%

Airbnb Rental Income: $2697

Traditional Rental Income: $3226

Airbnb ROI: 1.21%