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
1931 Brocken Court Indianapolis, IN Welcome home to this inviting 4-bedroom, 3-bath tri-level tucked away on a cul-de-sac with...	4 beds \| 3 baths \| 2,126 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.28% Airbnb Rental Income: $null Traditional Rental Income: $2417 Airbnb ROI: N/A Traditional ROI: 5.28%
6407 Bayside S Drive Indianapolis, IN If you're looking for a condo that has it all...you just found it. The location is perfect...	3 beds \| 3 baths \| 1,551 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.49% Airbnb Rental Income: $null Traditional Rental Income: $1661 Airbnb ROI: N/A Traditional ROI: 1.49%
1120 Fletcher Avenue Indianapolis, IN The 2 words that could best describe this home are QUALITY & SPACE. It starts with the 4 b...	4 beds \| 4 baths \| 2,594 sq.ft.	$660,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.53% Airbnb Rental Income: $null Traditional Rental Income: $2188 Airbnb ROI: N/A Traditional ROI: 1.53%
5005 N Hickory Road Muncie, IN Rare opportunity to own a truly unique Frank Lloyd Wright style home in a quiet Muncie nei...	3 beds \| 1 baths \| 1,750 sq.ft.	$209,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.55% Airbnb Rental Income: $null Traditional Rental Income: $1485 Airbnb ROI: N/A Traditional ROI: 5.55%
410 W Van Buren Street Alexandria, IN Just as comfortable as your old favorite blue-jeans! Just a brick 1956 ranch-style home in...	3 beds \| 1 baths \| 1,012 sq.ft.	$147,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.42% Airbnb Rental Income: $null Traditional Rental Income: $1634 Airbnb ROI: N/A Traditional ROI: 9.42%
181 Market Street Aurora, IN Perched on a scenic hillside in the heart of Aurora, this charming 3-bed, 2-bath home offe...	3 beds \| 2 baths \| 1,600 sq.ft.	$135,000	Airbnb cash on cash: 2.67% Traditional cash on cash: 9.64% Airbnb Rental Income: $1040 Traditional Rental Income: $1582 Airbnb ROI: 2.67% Traditional ROI: 9.64%
23910 Ivy Street Schneider, IN LOWELL SCHOOLS and its 170,000 - so there's that. Available for immediate and even PRE-CLO...	3 beds \| 1 baths \| 1,244 sq.ft.	$169,750	Airbnb cash on cash: N/A Traditional cash on cash: 6.31% Airbnb Rental Income: $null Traditional Rental Income: $1424 Airbnb ROI: N/A Traditional ROI: 6.31%
4844 Pine Avenue Hammond, IN Welcome to this beautifully renovated home in Hammond! Thoughtfully updated from top to bo...	4 beds \| 2 baths \| 900 sq.ft.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.13% Airbnb Rental Income: $null Traditional Rental Income: $1612 Airbnb ROI: N/A Traditional ROI: 5.13%
10330 Rockford Court Indianapolis, IN Spacious home and a great floor plan! With over 1900 square feet this large ranch has a hu...	3 beds \| 2 baths \| 1,906 sq.ft.	$170,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.76% Airbnb Rental Income: $null Traditional Rental Income: $2033 Airbnb ROI: N/A Traditional ROI: 9.76%
4108 Graceland Avenue Indianapolis, IN Investment Opportunity with 1920s Character! This 3-bedroom, 2.5-bath home offers a great ...	3 beds \| 3 baths \| 2,200 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.37% Airbnb Rental Income: $null Traditional Rental Income: $2502 Airbnb ROI: N/A Traditional ROI: 8.37%
3135 E 52nd Street #E Indianapolis, IN 3135 E 52nd St Unit E is a multi-room Indianapolis condo residence set in a brick communit...	4 beds \| 2 baths \| 1,777 sq.ft.	$140,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.99% Airbnb Rental Income: $null Traditional Rental Income: $1922 Airbnb ROI: N/A Traditional ROI: 5.99%
3070 E 47th Street Indianapolis, IN Beautifully fully renovated home featuring a brand-new kitchen, updated bathrooms, new flo...	5 beds \| 2 baths \| 2,528 sq.ft.	$299,950	Airbnb cash on cash: N/A Traditional cash on cash: 6.27% Airbnb Rental Income: $null Traditional Rental Income: $2359 Airbnb ROI: N/A Traditional ROI: 6.27%
2515 E 58th Street Indianapolis, IN Welcome home to this adorable 3 bedroom, 2 bath gem tucked into one of Indy's most beloved...	3 beds \| 2 baths \| 1,662 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.74% Airbnb Rental Income: $null Traditional Rental Income: $1961 Airbnb ROI: N/A Traditional ROI: 4.74%
1 Edwin Court Indianapolis, IN Welcome to 1 Edwin Ct-a beautifully updated Indianapolis home offering more space, comfort...	4 beds \| 2 baths \| 1,140 sq.ft.	$218,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.42% Airbnb Rental Income: $null Traditional Rental Income: $1655 Airbnb ROI: N/A Traditional ROI: 4.42%
1226 N Emerson Avenue Indianapolis, IN Discover the charm of this delightful single-family residence inviting home ready for its ...	3 beds \| 1 baths \| 1,521 sq.ft.	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.88% Airbnb Rental Income: $null Traditional Rental Income: $1446 Airbnb ROI: N/A Traditional ROI: 4.88%
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: N/A Traditional cash on cash: 8.94% Airbnb Rental Income: $null Traditional Rental Income: $2814 Airbnb ROI: N/A Traditional ROI: 8.94%
1035 Helen Drive Indianapolis, IN Tucked perfectly between the vibrant energy of Broad Ripple and the convenience of Nora, t...	3 beds \| 2 baths \| 1,850 sq.ft.	$290,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.35% Airbnb Rental Income: $null Traditional Rental Income: $2038 Airbnb ROI: N/A Traditional ROI: 5.35%
1206 Churchman Avenue Indianapolis, IN IMMACULATE HOME ALERT IN FOUNTAIN SQUARE!! BEAUTIFULLY renovated STUNNER from top-to-botto...	3 beds \| 3 baths \| 2,347 sq.ft.	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.15% Airbnb Rental Income: $null Traditional Rental Income: $2548 Airbnb ROI: N/A Traditional ROI: 7.15%
46 Oakden Court New Whiteland, IN Welcome to 46 Oakden Court in New Whiteland, Indiana! Nestled at the end of a quiet cul-de...	4 beds \| 2 baths \| 1,514 sq.ft.	$245,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.56% Airbnb Rental Income: $null Traditional Rental Income: $1959 Airbnb ROI: N/A Traditional ROI: 6.56%
6146 Ralston Avenue Indianapolis, IN Calling all investors. Looking for that property to put your stamp on? Put a little sweat ...	2 beds \| 2 baths \| 1,734 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.94% Airbnb Rental Income: $null Traditional Rental Income: $1852 Airbnb ROI: N/A Traditional ROI: 4.94%
816 N Parker Avenue Indianapolis, IN Welcome home to this fully renovated masterpiece in the heart of the 10 East Arts + Design...	3 beds \| 4 baths \| 2,586 sq.ft.	$310,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.72% Airbnb Rental Income: $null Traditional Rental Income: $2927 Airbnb ROI: N/A Traditional ROI: 7.72%
1918 E 68th Street Indianapolis, IN Back on the market at no fault of the Seller! 3 bed, 2 bath home located just north of Bro...	3 beds \| 2 baths \| 1,421 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.61% Airbnb Rental Income: $null Traditional Rental Income: $1675 Airbnb ROI: N/A Traditional ROI: 4.61%
827 E Lake Front Drive Beverly Shores, IN Perched atop a dune, this contemporary Holabird & Root designed lakefront home, offers swe...	4 beds \| 5 baths \| 4,536 sq.ft.	$3,200,000	Airbnb cash on cash: -1.31% Traditional cash on cash: -0.56% Airbnb Rental Income: $1739 Traditional Rental Income: $3473 Airbnb ROI: -1.31% Traditional ROI: -0.56%
1433 Charles Street Indianapolis, IN Welcome to 1433 Charles Street, a charming and spacious home conveniently located just min...	2 beds \| 2 baths \| 1,944 sq.ft.	$170,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.25% Airbnb Rental Income: $null Traditional Rental Income: $1836 Airbnb ROI: N/A Traditional ROI: 9.25%
1529 Kennington Street Indianapolis, IN $200K Bates-Hendricks bungalow * Fully renovated * Furnished, next door to 1525 Kennington...	2 beds \| 1 baths \| 780 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.23% Airbnb Rental Income: $null Traditional Rental Income: $1067 Airbnb ROI: N/A Traditional ROI: 3.23%
1111 E 10th Street Indianapolis, IN WOW! Experience Sophisticated Urban Living in this stunning Townhome with a Private ROOFTO...	3 beds \| 4 baths \| 2,444 sq.ft.	$659,999	Airbnb cash on cash: N/A Traditional cash on cash: 2.06% Airbnb Rental Income: $null Traditional Rental Income: $2726 Airbnb ROI: N/A Traditional ROI: 2.06%
4006 Dundee Drive Indianapolis, IN Welcome home to this well-maintained 3-bedroom, 2.5-bath home situated on a spacious 0.46-...	3 beds \| 3 baths \| 1,624 sq.ft.	$370,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.03% Airbnb Rental Income: $null Traditional Rental Income: $2087 Airbnb ROI: N/A Traditional ROI: 4.03%
3868 Ruckle Street Indianapolis, IN This beautifully updated 1911 home blends timeless character with thoughtful modern update...	3 beds \| 3 baths \| 2,074 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.43% Airbnb Rental Income: $null Traditional Rental Income: $2558 Airbnb ROI: N/A Traditional ROI: 4.43%
4251 Woodsage Trace Indianapolis, IN Temporarily no For Sale sign in the yard Buyer's financing fell through. We are back on ...	2 beds \| 2 baths \| 1,187 sq.ft.	$119,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.31% Airbnb Rental Income: $null Traditional Rental Income: $1408 Airbnb ROI: N/A Traditional ROI: 5.31%
6037 Riva Ridge Drive Indianapolis, IN CRYSTAL LAKE~ Low-Maintenance-Lifestyle-Patio-Home; Outstanding Corner Lot overlooks Commu...	3 beds \| 2 baths \| 2,518 sq.ft.	$312,800	Airbnb cash on cash: N/A Traditional cash on cash: 5.63% Airbnb Rental Income: $null Traditional Rental Income: $2330 Airbnb ROI: N/A Traditional ROI: 5.63%
6864 Cordova Drive Indianapolis, IN Spacious and inviting, this 4-bedroom home offers a comfortable living room with plush car...	4 beds \| 2 baths \| 1,192 sq.ft.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.17% Airbnb Rental Income: $null Traditional Rental Income: $1668 Airbnb ROI: N/A Traditional ROI: 5.17%
3232 Arbutus Drive Indianapolis, IN Space, comfort, and opportunity come together at 3232 Arbutus Dr! This spacious 4-bedroom,...	4 beds \| 2 baths \| 1,712 sq.ft.	$231,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.53% Airbnb Rental Income: $null Traditional Rental Income: $2061 Airbnb ROI: N/A Traditional ROI: 7.53%
1709 N Talbott Street Indianapolis, IN Welcome to this beautifully updated three-level home located in the heart of the highly so...	3 beds \| 3 baths \| 2,211 sq.ft.	$410,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.75% Airbnb Rental Income: $null Traditional Rental Income: $2454 Airbnb ROI: N/A Traditional ROI: 3.75%
2946 Broadway Street Indianapolis, IN WHEN IT HAS GOOD BONES...AND...IT'S BEEN CARED FOR AND THOUGHTFULLY REJUVENATED...IT'S WIS...	4 beds \| 3 baths \| 2,118 sq.ft.	$387,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.69% Airbnb Rental Income: $null Traditional Rental Income: $2532 Airbnb ROI: N/A Traditional ROI: 3.69%
4128 Ballybay Lane Indianapolis, IN This Indianapolis home, built in 2011, features a kitchen with a center island and stainle...	4 beds \| 2 baths \| 1,871 sq.ft.	$259,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.87% Airbnb Rental Income: $null Traditional Rental Income: $1823 Airbnb ROI: N/A Traditional ROI: 4.87%
6770 Spirit Lake Drive #101 Indianapolis, IN Imagine never having to fix the roof, broken garage door, or wet basement. No more paintin...	3 beds \| 2 baths \| 2,472 sq.ft.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.01% Airbnb Rental Income: $null Traditional Rental Income: $2845 Airbnb ROI: N/A Traditional ROI: -0.01%
219 S Walcott Street Indianapolis, IN This updated 2-bedroom, 1-bathroom home at 219 S Walcott St offers a premier turn-key oppo...	2 beds \| 1 baths \| 958 sq.ft.	$170,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.41% Airbnb Rental Income: $null Traditional Rental Income: $995 Airbnb ROI: N/A Traditional ROI: 2.41%
8304 Welder Place Indianapolis, IN Welcome Home to Comfort, Style, and Space in Greenbrooke! Discover this beautifully ma...	3 beds \| 3 baths \| 2,013 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.15% Airbnb Rental Income: $null Traditional Rental Income: $2377 Airbnb ROI: N/A Traditional ROI: 5.15%
5263 Windridge Drive Indianapolis, IN Discover sophisticated easy living at 5263 Windridge DR, INDIANAPOLIS, IN. Built in 1986, ...	4 beds \| 3 baths \| 3,600 sq.ft.	$346,250	Airbnb cash on cash: N/A Traditional cash on cash: 2.51% Airbnb Rental Income: $null Traditional Rental Income: $2474 Airbnb ROI: N/A Traditional ROI: 2.51%
6525 Emerald Hill Court #206 Indianapolis, IN Maintenance free living at it's best. Nestled at 6525 Emerald Hill Ct Unit 206 in the hear...	2 beds \| 2 baths \| 1,549 sq.ft.	$158,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.41% Airbnb Rental Income: $null Traditional Rental Income: $1914 Airbnb ROI: N/A Traditional ROI: 7.41%

Real Estate investment in Indiana

There are 16,197 properties available for sale in the state of Indiana. Evansville, Bloomington and Indianapolis are the best rental property markets in Indiana. The average median price of properties for sale in these cities are $287,500 and the average price per square foot is $0. Their average monthly cash on cash return is 4.33%.

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

There are 16,197 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 (5%) and Bloomington (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

1931 Brocken Court

Indianapolis, IN

4 beds | 3 baths | 2,126 sq.ft.

$285,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.28%

Airbnb Rental Income: $null

Traditional Rental Income: $2417

Airbnb ROI: N/A

Traditional ROI: 5.28%

6407 Bayside S Drive

Indianapolis, IN

3 beds | 3 baths | 1,551 sq.ft.

$235,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.49%

Airbnb Rental Income: $null

Traditional Rental Income: $1661

Airbnb ROI: N/A

Traditional ROI: 1.49%

1120 Fletcher Avenue

Indianapolis, IN

4 beds | 4 baths | 2,594 sq.ft.

$660,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.53%

Airbnb Rental Income: $null

Traditional Rental Income: $2188

Airbnb ROI: N/A

Traditional ROI: 1.53%

5005 N Hickory Road

Muncie, IN

3 beds | 1 baths | 1,750 sq.ft.

$209,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.55%

Airbnb Rental Income: $null

Traditional Rental Income: $1485

Airbnb ROI: N/A

Traditional ROI: 5.55%

410 W Van Buren Street

Alexandria, IN

3 beds | 1 baths | 1,012 sq.ft.

$147,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.42%

Airbnb Rental Income: $null

Traditional Rental Income: $1634

Airbnb ROI: N/A

Traditional ROI: 9.42%

181 Market Street

Aurora, IN

3 beds | 2 baths | 1,600 sq.ft.

$135,000

Airbnb cash on cash: 2.67%

Traditional cash on cash: 9.64%

Airbnb Rental Income: $1040

Traditional Rental Income: $1582

Airbnb ROI: 2.67%

Traditional ROI: 9.64%

23910 Ivy Street

Schneider, IN

3 beds | 1 baths | 1,244 sq.ft.

$169,750

Airbnb cash on cash: N/A

Traditional cash on cash: 6.31%

Airbnb Rental Income: $null

Traditional Rental Income: $1424

Airbnb ROI: N/A

Traditional ROI: 6.31%

4844 Pine Avenue

Hammond, IN

4 beds | 2 baths | 900 sq.ft.

$239,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.13%

Airbnb Rental Income: $null

Traditional Rental Income: $1612

Airbnb ROI: N/A