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.	$3,250,000	Airbnb cash on cash: -1.56% Traditional cash on cash: -0.97% Airbnb Rental Income: $1933 Traditional Rental Income: $3179 Airbnb ROI: -1.56% Traditional ROI: -0.97%
13062 Grand Vue Drive Carmel, IN For those discerning buyers seeking the ultimate lifestyle defined by convenience in an un...	3 beds \| 4 baths \| 2,385 sq.ft.	$395,000	Airbnb cash on cash: 1.35% Traditional cash on cash: 5.62% Airbnb Rental Income: $1933 Traditional Rental Income: $3005 Airbnb ROI: 1.35% Traditional ROI: 5.62%
10919 Braewick Drive Carmel, IN Welcome to one of east Carmel's most sought after neighborhoods - The Woodlands! Nestled o...	4 beds \| 3 baths \| 2,418 sq.ft.	$524,900	Airbnb cash on cash: 1.7% Traditional cash on cash: 3.71% Airbnb Rental Income: $2271 Traditional Rental Income: $2690 Airbnb ROI: 1.7% Traditional ROI: 3.71%
1132 Keeneland Court Carmel, IN Dazzling 4bd/2.5ba home sitting on the best lot within desirable Lexington Farms, offering...	4 beds \| 3 baths \| 2,422 sq.ft.	$499,900	Airbnb cash on cash: 1.62% Traditional cash on cash: 3.74% Airbnb Rental Income: $2271 Traditional Rental Income: $2693 Airbnb ROI: 1.62% Traditional ROI: 3.74%
774 Arrowwood Drive Carmel, IN Welcome to this well maintained 4-bedroom, 2.5 bath home offering a blend of comfort and f...	4 beds \| 3 baths \| 3,802 sq.ft.	$629,900	Airbnb cash on cash: 1.22% Traditional cash on cash: 3.03% Airbnb Rental Income: $2271 Traditional Rental Income: $2767 Airbnb ROI: 1.22% Traditional ROI: 3.03%
11416 E Lakeshore Drive Carmel, IN PRIVATE LAKE - These do not come for sale often. Fully updated * New Dock - Brand new do...	5 beds \| 5 baths \| 4,056 sq.ft.	$1,125,000	Airbnb cash on cash: 1.07% Traditional cash on cash: N/A Airbnb Rental Income: $3588 Traditional Rental Income: $0 Airbnb ROI: 1.07% Traditional ROI: N/A
12900 Grenville Street Carmel, IN Perfectly tucked in the heart of the Village of WestClay, this newly refreshed brownstone ...	3 beds \| 4 baths \| 2,112 sq.ft.	$455,000	Airbnb cash on cash: 0.14% Traditional cash on cash: 2.5% Airbnb Rental Income: $1933 Traditional Rental Income: $2427 Airbnb ROI: 0.14% Traditional ROI: 2.5%
12825 Clifford Circle Carmel, IN Welcome to 12825 Clifford Cir, a home that exudes warmth and elegance. The living room is ...	4 beds \| 3 baths \| 2,729 sq.ft.	$510,000	Airbnb cash on cash: 1.8% Traditional cash on cash: 3.92% Airbnb Rental Income: $2271 Traditional Rental Income: $2716 Airbnb ROI: 1.8% Traditional ROI: 3.92%
15340 Mystic Rock Drive Carmel, IN Live the country club lifestyle at Bridgewater Club without busting your budget! This low...	2 beds \| 3 baths \| 1,831 sq.ft.	$315,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 5.74% Airbnb Rental Income: $1893 Traditional Rental Income: $2774 Airbnb ROI: 1.07% Traditional ROI: 5.74%
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 \| 1,939 sq.ft.	$599,999	Airbnb cash on cash: 0.24% Traditional cash on cash: 2.21% Airbnb Rental Income: $1933 Traditional Rental Income: $2525 Airbnb ROI: 0.24% Traditional ROI: 2.21%
947 Wickham Court #208 Carmel, IN Stunning fully renovated 2nd-floor condo in popular Lenox Trace with soaring vaulted ceili...	2 beds \| 2 baths \| 1,072 sq.ft.	$259,000	Airbnb cash on cash: 2.29% Traditional cash on cash: 3.63% Airbnb Rental Income: $1893 Traditional Rental Income: $1717 Airbnb ROI: 2.29% Traditional ROI: 3.63%
14207 McNichols Way Carmel, IN Welcome home to this beautifully designed 3-bedroom, 3.5-bath residence offering the perfe...	3 beds \| 4 baths \| 1,961 sq.ft.	$405,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 4.97% Airbnb Rental Income: $1933 Traditional Rental Income: $2770 Airbnb ROI: 1.42% Traditional ROI: 4.97%
13845 Kickapoo Trail Carmel, IN Stunning 5BR/4.5BA home in sought-after Cherry Creek Estates, offering exceptional updates...	5 beds \| 5 baths \| 5,283 sq.ft.	$949,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 4.18% Airbnb Rental Income: $3588 Traditional Rental Income: $5186 Airbnb ROI: 1.48% Traditional ROI: 4.18%
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: 1.11% Traditional cash on cash: 5.97% Airbnb Rental Income: $1933 Traditional Rental Income: $3697 Airbnb ROI: 1.11% Traditional ROI: 5.97%
222 Boulder Court Carmel, IN Location, location, location! Welcome to this beautifully updated well-maintained home in ...	4 beds \| 3 baths \| 1,935 sq.ft.	$415,000	Airbnb cash on cash: 2.63% Traditional cash on cash: 4.47% Airbnb Rental Income: $2271 Traditional Rental Income: $2421 Airbnb ROI: 2.63% Traditional ROI: 4.47%
913 Arrowwood Drive Carmel, IN Nestled in coveted Copperwood of Carmel, 913 Arrowwood Dr will delight you! 4 bedrooms, 2....	4 beds \| 3 baths \| 3,464 sq.ft.	$575,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 3.3% Airbnb Rental Income: $2271 Traditional Rental Income: $2745 Airbnb ROI: 1.36% Traditional ROI: 3.3%
14904 Oak Road Carmel, IN Welcome home to this charming 4-bedroom, 2.5-bath home in highly desirable Carmel - a city...	4 beds \| 3 baths \| 1,758 sq.ft.	$315,000	Airbnb cash on cash: 3.64% Traditional cash on cash: 7.42% Airbnb Rental Income: $2271 Traditional Rental Income: $2821 Airbnb ROI: 3.64% Traditional ROI: 7.42%
13461 Shakamac Drive Carmel, IN Welcome home to this beautifully updated 4-bedroom, 2.5-bath residence in the heart of Car...	4 beds \| 3 baths \| 2,324 sq.ft.	$480,000	Airbnb cash on cash: 1.79% Traditional cash on cash: 4.06% Airbnb Rental Income: $2271 Traditional Rental Income: $2719 Airbnb ROI: 1.79% Traditional ROI: 4.06%
12471 Carmel Garden Carmel, IN Discover the ease of single-story living in a charming 1998 single family residence in CAR...	2 beds \| 2 baths \| 1,178 sq.ft.	$305,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 3.34% Airbnb Rental Income: $1893 Traditional Rental Income: $1602 Airbnb ROI: 2.6% Traditional ROI: 3.34%
14327 Klingensmith Boulevard Carmel, IN This three bedroom, three bath ranch-style home, in highly sought after Cherry Creek Estat...	3 beds \| 3 baths \| 4,362 sq.ft.	$679,900	Airbnb cash on cash: 0.31% Traditional cash on cash: 1.67% Airbnb Rental Income: $1933 Traditional Rental Income: $2281 Airbnb ROI: 0.31% Traditional ROI: 1.67%
3549 W 131st Street Carmel, IN Behind a private gated entrance in the heart of West Carmel, this exceptional estate embod...	5 beds \| 7 baths \| 8,164 sq.ft.	$2,550,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 1.31% Airbnb Rental Income: $3588 Traditional Rental Income: $5976 Airbnb ROI: -0.03% Traditional ROI: 1.31%
12796 Ashworth Street Carmel, IN Welcome to this beautifully maintained full-brick townhome in the highly desirable Village...	3 beds \| 4 baths \| 2,472 sq.ft.	$589,900	Airbnb cash on cash: -0.74% Traditional cash on cash: 2.11% Airbnb Rental Income: $1933 Traditional Rental Income: $2994 Airbnb ROI: -0.74% Traditional ROI: 2.11%
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.	$499,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 3.75% Airbnb Rental Income: $2271 Traditional Rental Income: $2841 Airbnb ROI: 1.31% Traditional ROI: 3.75%
512 Lexington Boulevard Carmel, IN Positioned in one of Downtown Carmel's most coveted and walkable locations, this timeless ...	4 beds \| 3 baths \| 1,486 sq.ft.	$498,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 1.96% Airbnb Rental Income: $2271 Traditional Rental Income: $1864 Airbnb ROI: 1.61% Traditional ROI: 1.96%
1870 E 106th Street Carmel, IN Private, quiet oasis on over half an acre - a uniquely built, meticulously maintained home...	3 beds \| 3 baths \| 2,552 sq.ft.	$699,900	Airbnb cash on cash: 0.19% Traditional cash on cash: 2.77% Airbnb Rental Income: $1933 Traditional Rental Income: $3107 Airbnb ROI: 0.19% Traditional ROI: 2.77%
14551 Dublin Drive Carmel, IN Beautifully maintained 4 bedroom, 2.5 bath home in the heart of Carmel, Indiana, ideally s...	4 beds \| 3 baths \| 1,987 sq.ft.	$379,900	Airbnb cash on cash: 2.29% Traditional cash on cash: 3.58% Airbnb Rental Income: $2271 Traditional Rental Income: $2165 Airbnb ROI: 2.29% Traditional ROI: 3.58%
1039 Valentine Lane Carmel, IN Welcome to this beautifully maintained 3-bedroom, 2.5-bath home located in the desirable G...	3 beds \| 3 baths \| 1,782 sq.ft.	$472,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 3.71% Airbnb Rental Income: $1933 Traditional Rental Income: $2637 Airbnb ROI: 0.96% Traditional ROI: 3.71%
9 Beacon Way Carmel, IN Why wait to build when this like-new home is move-in ready and beautifully maintained? Nes...	3 beds \| 2 baths \| 1,474 sq.ft.	$289,500	Airbnb cash on cash: 3.12% Traditional cash on cash: 6.59% Airbnb Rental Income: $1933 Traditional Rental Income: $2368 Airbnb ROI: 3.12% Traditional ROI: 6.59%
5021 Tudor Circle Carmel, IN Located in Brookshire Lakes in Carmel, this thoughtfully updated home blends modern improv...	3 beds \| 2 baths \| 2,077 sq.ft.	$440,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 3.39% Airbnb Rental Income: $1933 Traditional Rental Income: $2397 Airbnb ROI: 1.02% Traditional ROI: 3.39%
12938 University Crescent #2B Carmel, IN Upgraded and Pristine FURNISHED Condo in the Village of WestClay. Luxury Vinyl Flooring in...	1 beds \| 1 baths \| 713 sq.ft.	$179,900	Airbnb cash on cash: -3.09% Traditional cash on cash: 3.01% Airbnb Rental Income: $610 Traditional Rental Income: $1363 Airbnb ROI: -3.09% Traditional ROI: 3.01%
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.	$585,000	Airbnb cash on cash: 1.67% Traditional cash on cash: 3.79% Airbnb Rental Income: $2271 Traditional Rental Income: $2862 Airbnb ROI: 1.67% Traditional ROI: 3.79%
12878 Mayfair Lane Carmel, IN Checkout this fully remodeled 4 BR, 3 full bath home with NEWER roof, BRAND NEW windows an...	4 beds \| 3 baths \| 4,590 sq.ft.	$864,900	Airbnb cash on cash: 0.04% Traditional cash on cash: 1.49% Airbnb Rental Income: $2271 Traditional Rental Income: $2872 Airbnb ROI: 0.04% Traditional ROI: 1.49%
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: 0.51% Traditional cash on cash: 1.91% Airbnb Rental Income: $2271 Traditional Rental Income: $2658 Airbnb ROI: 0.51% Traditional ROI: 1.91%
1995 W 116th Street Carmel, IN Where Every Sunrise Touches Championship Greens and Every Evening Whispers Luxury - Welcom...	5 beds \| 5 baths \| 5,574 sq.ft.	$2,599,900	Airbnb cash on cash: -0.38% Traditional cash on cash: 0.93% Airbnb Rental Income: $3588 Traditional Rental Income: $5959 Airbnb ROI: -0.38% Traditional ROI: 0.93%
12833 Tradd Street #1B Carmel, IN Welcome to 12833 Tradd Street 1B, an updated first floor condo in the Village of WestClay,...	1 beds \| 1 baths \| 766 sq.ft.	$205,000	Airbnb cash on cash: -2.97% Traditional cash on cash: 2.34% Airbnb Rental Income: $610 Traditional Rental Income: $1352 Airbnb ROI: -2.97% Traditional ROI: 2.34%
692 Greenford Trail N Carmel, IN Welcome to Greenford Trail, conveniently located off the Monon Trail nestled in the vibran...	3 beds \| 4 baths \| 3,172 sq.ft.	$764,900	Airbnb cash on cash: -0.65% Traditional cash on cash: 1.44% Airbnb Rental Income: $1933 Traditional Rental Income: $2909 Airbnb ROI: -0.65% Traditional ROI: 1.44%
14404 Stairbridge Place Carmel, IN The Homeowner's Dream: You get the full benefit of a brand-new home without the "new home"...	4 beds \| 5 baths \| 4,832 sq.ft.	$780,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 4.73% Airbnb Rental Income: $2271 Traditional Rental Income: $4920 Airbnb ROI: 0.31% Traditional ROI: 4.73%
12519 Timber Creek Drive #2 Carmel, IN LOCATION is EVERYTHING! This desirable, low-maintenance end-unit condo offers 2 bedrooms,...	2 beds \| 2 baths \| 1,070 sq.ft.	$217,500	Airbnb cash on cash: 3.77% Traditional cash on cash: 5.4% Airbnb Rental Income: $1893 Traditional Rental Income: $1726 Airbnb ROI: 3.77% Traditional ROI: 5.4%
220 1st Avenue SE Carmel, IN Welcome to this charming 3-bedroom, 2-bathroom home perfectly situated in the highly sough...	3 beds \| 2 baths \| 1,894 sq.ft.	$699,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 1.74% Airbnb Rental Income: $1933 Traditional Rental Income: $2238 Airbnb ROI: 0.48% Traditional ROI: 1.74%
1836 W Main Street Carmel, IN Opportunities like 1836 W Main Street are seldom seen. At almost an acre this is the perf...	3 beds \| 1 baths \| 1,225 sq.ft.	$795,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 0.73% Airbnb Rental Income: $1933 Traditional Rental Income: $1539 Airbnb ROI: 0.58% Traditional ROI: 0.73%

Real Estate investment in Carmel, IN

There are 145 properties for sale in the city of Carmel . The median list price in Carmel is $589,000 and the average price per square foot is $193. In May 2026, the average monthly cash on cash return in Carmel is 3.00%. The average monthly rental income in Carmel is $2,735.

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

There are 145 investment properties available for sale in Carmel.

In 2026, 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 $2,735.

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.

$3,250,000

Airbnb cash on cash: -1.56%

Traditional cash on cash: -0.97%

Airbnb Rental Income: $1933

Traditional Rental Income: $3179

Airbnb ROI: -1.56%

Traditional ROI: -0.97%

13062 Grand Vue Drive

Carmel, IN

3 beds | 4 baths | 2,385 sq.ft.

$395,000

Airbnb cash on cash: 1.35%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $1933

Traditional Rental Income: $3005

Airbnb ROI: 1.35%

Traditional ROI: 5.62%

10919 Braewick Drive

Carmel, IN

4 beds | 3 baths | 2,418 sq.ft.

$524,900

Airbnb cash on cash: 1.7%

Traditional cash on cash: 3.71%

Airbnb Rental Income: $2271

Traditional Rental Income: $2690

Airbnb ROI: 1.7%

Traditional ROI: 3.71%

1132 Keeneland Court

Carmel, IN

4 beds | 3 baths | 2,422 sq.ft.

$499,900

Airbnb cash on cash: 1.62%

Traditional cash on cash: 3.74%

Airbnb Rental Income: $2271

Traditional Rental Income: $2693

Airbnb ROI: 1.62%

Traditional ROI: 3.74%

774 Arrowwood Drive

Carmel, IN

4 beds | 3 baths | 3,802 sq.ft.

$629,900

Airbnb cash on cash: 1.22%

Traditional cash on cash: 3.03%

Airbnb Rental Income: $2271

Traditional Rental Income: $2767

Airbnb ROI: 1.22%

Traditional ROI: 3.03%

11416 E Lakeshore Drive

Carmel, IN

5 beds | 5 baths | 4,056 sq.ft.

$1,125,000

Airbnb cash on cash: 1.07%

Traditional cash on cash: N/A

Airbnb Rental Income: $3588

Traditional Rental Income: $0

Airbnb ROI: 1.07%

Traditional ROI: N/A

12900 Grenville Street

Carmel, IN

3 beds | 4 baths | 2,112 sq.ft.

$455,000

Airbnb cash on cash: 0.14%

Traditional cash on cash: 2.5%

Airbnb Rental Income: $1933

Traditional Rental Income: $2427

Airbnb ROI: 0.14%

Traditional ROI: 2.5%

12825 Clifford Circle

Carmel, IN

4 beds | 3 baths | 2,729 sq.ft.

$510,000

Airbnb cash on cash: 1.8%

Traditional cash on cash: 3.92%

Airbnb Rental Income: $2271

Traditional Rental Income: $2716

Airbnb ROI: 1.8%