Investment Property for Sale in Indiana

Q: Which city in Indiana to invest in for highest ROI on long term rental properties in 2026

In 2026, Evansvilleis the best city to buy investment properties. Find more investment properties today!

Real Estate Investment Properties for Sale in Indiana

Looking for investment property in Indiana with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1120 Fletcher Ave Indianapolis, IN RARE Double Lot in FOUNTAIN SQUARE On Fletcher Ave: The bar is raised! 20' ceilings in the...	4 beds \| 3 baths \| 3,294 sq.ft.	$650,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 1.48% Airbnb Rental Income: $1675 Traditional Rental Income: $2188 Airbnb ROI: -0.07% Traditional ROI: 1.48%
1069 Redwood Dr Brownsburg, IN Fabulous Home in Wonderful Brownsburg Neighborhood! You will love this Custom Brick 2 Stor...	4 beds \| 3 baths \| 2,761 sq.ft.	$390,000	Airbnb cash on cash: 2.96% Traditional cash on cash: 4.96% Airbnb Rental Income: $2280 Traditional Rental Income: $2443 Airbnb ROI: 2.96% Traditional ROI: 4.96%
905 S Maple St Fortville, IN This listing includes 11.732 acres (6 parcels: see addendum) just outside of Fortville, wh...	3 beds \| 2 baths \| 2,606 sq.ft.	$1,700,000	Airbnb cash on cash: -0.27% Traditional cash on cash: -0.13% Airbnb Rental Income: $2436 Traditional Rental Income: $2057 Airbnb ROI: -0.27% Traditional ROI: -0.13%
6018 Rocky Rd Anderson, IN Move-in ready ranch located in a desirable South Anderson subdivision! This 3-bedroom, 2-b...	3 beds \| 2 baths \| 1,212 sq.ft.	$214,900	Airbnb cash on cash: 0.14% Traditional cash on cash: 5.51% Airbnb Rental Income: $824 Traditional Rental Income: $1593 Airbnb ROI: 0.14% Traditional ROI: 5.51%
4506 Washington Blvd Indianapolis, IN Wonderful Opportunity to put your handprint on solid built 1920's home in the heart of eve...	4 beds \| 3 baths \| 3,400 sq.ft.	$760,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 1.46% Airbnb Rental Income: $2561 Traditional Rental Income: $2654 Airbnb ROI: 0.46% Traditional ROI: 1.46%
4001 Broadway St Indianapolis, IN Wow, This is the home you've been waiting for. Light, bright and open. Updates too numer...	3 beds \| 2 baths \| 2,319 sq.ft.	$300,000	Airbnb cash on cash: 2.29% Traditional cash on cash: 4.96% Airbnb Rental Income: $1740 Traditional Rental Income: $2014 Airbnb ROI: 2.29% Traditional ROI: 4.96%
5148 N Park Ave Indianapolis, IN Welcome to 5148 N Park Avenue in Meridian Kessler! This fantastic, recently renovated 4 be...	4 beds \| 3 baths \| 3,073 sq.ft.	$799,900	Airbnb cash on cash: 0.64% Traditional cash on cash: 1.8% Airbnb Rental Income: $2561 Traditional Rental Income: $2810 Airbnb ROI: 0.64% Traditional ROI: 1.8%
6275 Crittenden Ave Indianapolis, IN LOCATION!!! RENOVATED classic limestone Broadripple bungalow, located 2 doors from BR Park...	3 beds \| 2 baths \| 1,824 sq.ft.	$329,900	Airbnb cash on cash: 2.02% Traditional cash on cash: 3.92% Airbnb Rental Income: $1740 Traditional Rental Income: $1848 Airbnb ROI: 2.02% Traditional ROI: 3.92%
3029 Broadway St Indianapolis, IN Discover this beautifully renovated 3 BD 2.5 BA in the heart of downtown in Mapleton-Fall ...	3 beds \| 2 baths \| 2,340 sq.ft.	$299,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 4.1% Airbnb Rental Income: $1424 Traditional Rental Income: $1556 Airbnb ROI: 2.12% Traditional ROI: 4.1%
316 W 39th St Indianapolis, IN 316 W 39th St, Indianapolis, IN 46208 \| Single Family Residential	2 beds \| 1 baths \| 1,968 sq.ft.	$185,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 3.48% Airbnb Rental Income: $764 Traditional Rental Income: $1050 Airbnb ROI: 0.13% Traditional ROI: 3.48%
8078 Windham Lake Way Indianapolis, IN Updated 3-bedroom condo with one of the largest floorplans in the Windham Lake complex. Ne...	3 beds \| 2 baths \| 1,816 sq.ft.	$234,900	Airbnb cash on cash: 1.84% Traditional cash on cash: 5.49% Airbnb Rental Income: $1553 Traditional Rental Income: $1916 Airbnb ROI: 1.84% Traditional ROI: 5.49%
9278 Oak Run East Dr Indianapolis, IN Waterfront 2 Bedroom 2 Bath unit. Looking for something to move into without any work to d...	2 beds \| 2 baths \| 1,441 sq.ft.	$248,500	Airbnb cash on cash: 2.11% Traditional cash on cash: 2.51% Airbnb Rental Income: $1906 Traditional Rental Income: $1493 Airbnb ROI: 2.11% Traditional ROI: 2.51%
1527 Lexington Ave Indianapolis, IN Buy through Auction.com. This foreclosure property is a great opportunity to invest in thi...	4 beds \| 3 baths \| 2,316 sq.ft.	$275,000	Airbnb cash on cash: 2.4% Traditional cash on cash: 5.64% Airbnb Rental Income: $1675 Traditional Rental Income: $2048 Airbnb ROI: 2.4% Traditional ROI: 5.64%
365 E Morris Street Indianapolis, IN On the North edge of wonderful Bates Hendricks neighborhood you will find a completely reh...	N/A beds \| N/A baths \| N/A	$447,500	Airbnb cash on cash: -0.24% Traditional cash on cash: 7.13% Airbnb Rental Income: $958 Traditional Rental Income: $3698 Airbnb ROI: -0.24% Traditional ROI: 7.13%
1130 S Senate Ave Indianapolis, IN 1130 S Senate Ave, Indianapolis, IN 46225 \| Single Family Residential	2 beds \| 2 baths \| 1,464 sq.ft.	$215,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 5.36% Airbnb Rental Income: $1189 Traditional Rental Income: $1560 Airbnb ROI: 1.64% Traditional ROI: 5.36%
206 N Beville Avenue Indianapolis, IN Fully renovated inside and out, this beautifully updated 5 bedroom 3 bath home is located ...	5 beds \| 3 baths \| 2,850 sq.ft.	$260,000	Airbnb cash on cash: 5.89% Traditional cash on cash: 9.25% Airbnb Rental Income: $2616 Traditional Rental Income: $2814 Airbnb ROI: 5.89% Traditional ROI: 9.25%
337 N Temple Ave Indianapolis, IN A spacious three bedroom one and a half bath with a dedicated laundry room in the basement...	3 beds \| 1 baths \| 2,121 sq.ft.	$205,000	Airbnb cash on cash: 2.65% Traditional cash on cash: 3.72% Airbnb Rental Income: $1357 Traditional Rental Income: $1150 Airbnb ROI: 2.65% Traditional ROI: 3.72%
404 N Grant Ave Indianapolis, IN Welcome to this beautiful house-where updates meet timeless charm. From the moment you arr...	4 beds \| 2 baths \| 1,644 sq.ft.	$219,900	Airbnb cash on cash: 0.63% Traditional cash on cash: 3.75% Airbnb Rental Income: $957 Traditional Rental Income: $1257 Airbnb ROI: 0.63% Traditional ROI: 3.75%
406 Griffin Road Indianapolis, IN Beautiful, well-maintained home in desirable Perry Township that won't last long! Recent u...	3 beds \| 2 baths \| 1,762 sq.ft.	$270,000	Airbnb cash on cash: 2.66% Traditional cash on cash: 6.15% Airbnb Rental Income: $1652 Traditional Rental Income: $2076 Airbnb ROI: 2.66% Traditional ROI: 6.15%
1444 E Elbert St Indianapolis, IN Discover the perfect blend of charm and convenience at 1444 E Elbert Street. This inviting...	2 beds \| 1 baths \| 1,584 sq.ft.	$172,500	Airbnb cash on cash: 1.71% Traditional cash on cash: 4.05% Airbnb Rental Income: $1198 Traditional Rental Income: $1193 Airbnb ROI: 1.71% Traditional ROI: 4.05%
16035 Talmon Dr Westfield, IN Welcome home to Retreat on the Monon! This desirable end-unit Kirkwood floor plan features...	3 beds \| 2 baths \| 2,411 sq.ft.	$450,000	Airbnb cash on cash: 2.04% Traditional cash on cash: 3.24% Airbnb Rental Income: $2305 Traditional Rental Income: $2236 Airbnb ROI: 2.04% Traditional ROI: 3.24%
1222 Linden St Indianapolis, IN Find yourself at home in this fully renovated contemporary home located in Fountain Square...	3 beds \| 2 baths \| 3,188 sq.ft.	$409,900	Airbnb cash on cash: 0.96% Traditional cash on cash: 1.96% Airbnb Rental Income: $1580 Traditional Rental Income: $1511 Airbnb ROI: 0.96% Traditional ROI: 1.96%
131 E 36th Street Indianapolis, IN Experience historic charm and modern luxury in this stunning 4-bedroom, 2.5-bath home with...	5 beds \| 4 baths \| 3,018 sq.ft.	$425,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 6.24% Airbnb Rental Income: $2266 Traditional Rental Income: $3311 Airbnb ROI: 2.19% Traditional ROI: 6.24%
3358 Ruckle St Indianapolis, IN 3358 Ruckle St, Indianapolis, IN 46205 \| Single Family Residential	4 beds \| 2 baths \| 3,178 sq.ft.	$379,900	Airbnb cash on cash: 0.29% Traditional cash on cash: 3.83% Airbnb Rental Income: $1250 Traditional Rental Income: $2116 Airbnb ROI: 0.29% Traditional ROI: 3.83%
502 N Jefferson St Rensselaer, IN Step back in time to appreciate the stunning features of this Victorian built home. With o...	4 beds \| 2 baths \| 2,672 sq.ft.	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.74% Airbnb Rental Income: $null Traditional Rental Income: $1852 Airbnb ROI: N/A Traditional ROI: 4.74%
5351 E Honor Avenue DeMotte, IN Ready to upgrade? Welcome home to 5351 E Honor Avenue in DeMotte, Indiana! This home is se...	3 beds \| 4 baths \| 3,554 sq.ft.	$359,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.06% Airbnb Rental Income: $null Traditional Rental Income: $3119 Airbnb ROI: N/A Traditional ROI: 7.06%
435 Virginia Ave #506 Indianapolis, IN Welcome to Villagio at Page Pointe in sought after Fletcher Place: where city living meets...	3 beds \| 2 baths \| 1,814 sq.ft.	$545,000	Airbnb cash on cash: -2.06% Traditional cash on cash: -0.36% Airbnb Rental Income: $1580 Traditional Rental Income: $1996 Airbnb ROI: -2.06% Traditional ROI: -0.36%
430 N Park Ave #104 Indianapolis, IN Exceptional 2 bedroom 2 bath condo in one of downtown Indyâs most coveted locations. Thi...	2 beds \| 2 baths \| 1,462 sq.ft.	$355,000	Airbnb cash on cash: -2.26% Traditional cash on cash: 2.22% Airbnb Rental Income: $1362 Traditional Rental Income: $2438 Airbnb ROI: -2.26% Traditional ROI: 2.22%
333 Massachusetts Ave Ph 1 Indianapolis, IN 333 Massachusetts Ave Ph 1, Indianapolis, IN 46204 \| Condo/Coop	3 beds \| 3 baths \| 4,251 sq.ft.	$2,100,000	Airbnb cash on cash: -2.05% Traditional cash on cash: -1.54% Airbnb Rental Income: $1412 Traditional Rental Income: $1972 Airbnb ROI: -2.05% Traditional ROI: -1.54%
1534 S State Ave Indianapolis, IN Great investment opportunity near the Fountain Square district and downtown! This property...	3 beds \| 2 baths \| 2,209 sq.ft.	$214,900	Airbnb cash on cash: 3.24% Traditional cash on cash: 7.44% Airbnb Rental Income: $1580 Traditional Rental Income: $1983 Airbnb ROI: 3.24% Traditional ROI: 7.44%
1529 Kennington St Indianapolis, IN Experience this beautifully renovated 2br/1ba single family home in the Bates Hendricks ne...	2 beds \| 1 baths \| 780 sq.ft.	$200,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 3.29% Airbnb Rental Income: $1189 Traditional Rental Income: $1067 Airbnb ROI: 1.89% Traditional ROI: 3.29%
2160 N Alabama St Indianapolis, IN 2160 N Alabama St, Indianapolis, IN 46202 \| Single Family Residential	3 beds \| 3 baths \| 2,592 sq.ft.	$589,000	Airbnb cash on cash: -0.79% Traditional cash on cash: 2.38% Airbnb Rental Income: $1199 Traditional Rental Income: $2553 Airbnb ROI: -0.79% Traditional ROI: 2.38%
2612 Brookway St Indianapolis, IN 2612 Brookway St, Indianapolis, IN 46218 \| Single Family Residential	3 beds \| 1 baths \| 1,666 sq.ft.	$200,000	Airbnb cash on cash: 2.63% Traditional cash on cash: 3.66% Airbnb Rental Income: $1357 Traditional Rental Income: $1138 Airbnb ROI: 2.63% Traditional ROI: 3.66%
8625 Douglaston Court Indianapolis, IN Welcome to this thoughtfully updated 3-bedroom home offering 2 full baths and 2 half baths...	3 beds \| 4 baths \| 3,325 sq.ft.	$450,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 4.88% Airbnb Rental Income: $1553 Traditional Rental Income: $2939 Airbnb ROI: 0.52% Traditional ROI: 4.88%
838 N Emerson Ave Indianapolis, IN Welcome to 838 N Emerson Ave! This 3-bedroom, 1-bath single-story home sits on a 6,534 sq ...	3 beds \| 1 baths \| 2,400 sq.ft.	$194,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.2% Airbnb Rental Income: $null Traditional Rental Income: $1211 Airbnb ROI: N/A Traditional ROI: 4.2%
1111 E 10th St Indianapolis, IN WOW! Experience Sophisticated Urban Living in this stunning Townhome with a Private ROOFTO...	3 beds \| 3 baths \| 2,440 sq.ft.	$675,000	Airbnb cash on cash: -0.67% Traditional cash on cash: 2.16% Airbnb Rental Income: $1357 Traditional Rental Income: $2726 Airbnb ROI: -0.67% Traditional ROI: 2.16%
331 W Hampton Dr Indianapolis, IN Butler University Beauty! Amazing opportunity to own a Classic 4 -Square all brick updated...	3 beds \| 2 baths \| 1,846 sq.ft.	$422,500	Airbnb cash on cash: 1.1% Traditional cash on cash: 2.93% Airbnb Rental Income: $1730 Traditional Rental Income: $1979 Airbnb ROI: 1.1% Traditional ROI: 2.93%
3868 Ruckle St Indianapolis, IN This beautifully updated 1911 home blends timeless character with thoughtful modern update...	3 beds \| 2 baths \| 2,074 sq.ft.	$449,900	Airbnb cash on cash: 1.45% Traditional cash on cash: 4.53% Airbnb Rental Income: $1740 Traditional Rental Income: $2558 Airbnb ROI: 1.45% Traditional ROI: 4.53%
4935 W Legrande Avenue Indianapolis, IN Come and check out this 2-bed/1 bath located on 2 lots in Drexel Gardens. The home has a f...	2 beds \| 1 baths \| 1,034 sq.ft.	$110,000	Airbnb cash on cash: 5.8% Traditional cash on cash: 8.56% Airbnb Rental Income: $1223 Traditional Rental Income: $1124 Airbnb ROI: 5.8% Traditional ROI: 8.56%
414 Jefferson Avenue Indianapolis, IN Discover charm and modern updates in this beautiful 4 bedroom, 2 bathroom Indianapolis hom...	4 beds \| 2 baths \| 2,209 sq.ft.	$275,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 6.96% Airbnb Rental Income: $957 Traditional Rental Income: $2206 Airbnb ROI: 0.8% Traditional ROI: 6.96%

Real Estate investment in Indiana

There are 23,584 properties available for sale in the state of Indiana. Evansville, Indianapolis and Boonville are the best rental property markets in Indiana. The average median price of properties for sale in these cities are $228,100 and the average price per square foot is $0. Their average monthly cash on cash return is 4.67%.

Indiana Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 23,584 investment properties available for sale in Indiana.

In 2026, Evansville is the best city to buy investment properties. Find more investment properties today!

In 2026, Evansville (6%) and Indianapolis (4%) has the highest cash on cash return for long term rentals in Indiana.

Your search for investment property begins and ends here

Investment Property for Sale in Indiana

1120 Fletcher Ave

Indianapolis, IN

4 beds | 3 baths | 3,294 sq.ft.

$650,000

Airbnb cash on cash: -0.07%

Traditional cash on cash: 1.48%

Airbnb Rental Income: $1675

Traditional Rental Income: $2188

Airbnb ROI: -0.07%

Traditional ROI: 1.48%

1069 Redwood Dr

Brownsburg, IN

4 beds | 3 baths | 2,761 sq.ft.

$390,000

Airbnb cash on cash: 2.96%

Traditional cash on cash: 4.96%

Airbnb Rental Income: $2280

Traditional Rental Income: $2443

Airbnb ROI: 2.96%

Traditional ROI: 4.96%

905 S Maple St

Fortville, IN

3 beds | 2 baths | 2,606 sq.ft.

$1,700,000

Airbnb cash on cash: -0.27%

Traditional cash on cash: -0.13%

Airbnb Rental Income: $2436

Traditional Rental Income: $2057

Airbnb ROI: -0.27%

Traditional ROI: -0.13%

6018 Rocky Rd

Anderson, IN

3 beds | 2 baths | 1,212 sq.ft.

$214,900

Airbnb cash on cash: 0.14%

Traditional cash on cash: 5.51%

Airbnb Rental Income: $824

Traditional Rental Income: $1593

Airbnb ROI: 0.14%

Traditional ROI: 5.51%

4506 Washington Blvd

Indianapolis, IN

4 beds | 3 baths | 3,400 sq.ft.

$760,000

Airbnb cash on cash: 0.46%

Traditional cash on cash: 1.46%

Airbnb Rental Income: $2561

Traditional Rental Income: $2654

Airbnb ROI: 0.46%

Traditional ROI: 1.46%

4001 Broadway St

Indianapolis, IN

3 beds | 2 baths | 2,319 sq.ft.

$300,000

Airbnb cash on cash: 2.29%

Traditional cash on cash: 4.96%

Airbnb Rental Income: $1740

Traditional Rental Income: $2014

Airbnb ROI: 2.29%

Traditional ROI: 4.96%

5148 N Park Ave

Indianapolis, IN

4 beds | 3 baths | 3,073 sq.ft.

$799,900

Airbnb cash on cash: 0.64%

Traditional cash on cash: 1.8%

Airbnb Rental Income: $2561

Traditional Rental Income: $2810

Airbnb ROI: 0.64%

Traditional ROI: 1.8%

6275 Crittenden Ave

Indianapolis, IN

3 beds | 2 baths | 1,824 sq.ft.

$329,900

Airbnb cash on cash: 2.02%

Traditional cash on cash: 3.92%

Airbnb Rental Income: $1740

Traditional Rental Income: $1848

Airbnb ROI: 2.02%