Real Estate Investment Properties for Sale in Evansville, IN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
224 Mulberry Street Evansville, IN Exciting opportunity awaits in this charming 1858 Antebellum all-brick home known as the E...	2 beds \| 2 baths \| 2,312 sq.ft.	$349,900	Airbnb cash on cash: -1.57% Traditional cash on cash: 3.54% Airbnb Rental Income: $483 Traditional Rental Income: $1891 Airbnb ROI: -1.57% Traditional ROI: 3.54%
5710 Washington Avenue Evansville, IN Charming 1940 stone home situated on a spacious .51-acre corner lot on Evansvilleâs desi...	2 beds \| 1 baths \| 2,114 sq.ft.	$219,500	Airbnb cash on cash: -1% Traditional cash on cash: 4.35% Airbnb Rental Income: $483 Traditional Rental Income: $1326 Airbnb ROI: -1% Traditional ROI: 4.35%
621 N Fulton Avenue Evansville, IN Professionally managed 4 unit building. New roof and 2 new HVAC units. Remodeled and full...	3 beds \| 4 baths \| 4,464 sq.ft.	$199,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 6.17% Airbnb Rental Income: $731 Traditional Rental Income: $1716 Airbnb ROI: -0.69% Traditional ROI: 6.17%
3223 Keystone Hills Drive Evansville, IN This beautifully maintained all-brick ranch w/ 3 car garage is located in Keystone subdiv...	3 beds \| 2 baths \| 1,938 sq.ft.	$341,000	Airbnb cash on cash: -0.84% Traditional cash on cash: 4.09% Airbnb Rental Income: $731 Traditional Rental Income: $2002 Airbnb ROI: -0.84% Traditional ROI: 4.09%
15333 Reading Drive Evansville, IN Stunning Custom-Built Home on large lot in Poet Square, with Italianate Four Square inspir...	5 beds \| 4 baths \| 3,662 sq.ft.	$488,900	Airbnb cash on cash: 0.28% Traditional cash on cash: 5.46% Airbnb Rental Income: $1556 Traditional Rental Income: $3478 Airbnb ROI: 0.28% Traditional ROI: 5.46%
26 Euclid Drive Evansville, IN Welcome to 26 Euclid Dr! This 3 bed, 2 bath newly remodeled ranch home is ready for its ne...	3 beds \| 2 baths \| 1,856 sq.ft.	$194,900	Airbnb cash on cash: 0.41% Traditional cash on cash: 8.83% Airbnb Rental Income: $731 Traditional Rental Income: $1978 Airbnb ROI: 0.41% Traditional ROI: 8.83%
3008 N Red Bank Road Evansville, IN Wow! You have been waiting for this one to come along! Rare find on Evansville's West Side...	4 beds \| 3 baths \| 3,442 sq.ft.	$442,500	Airbnb cash on cash: -0.12% Traditional cash on cash: 4.85% Airbnb Rental Income: $1022 Traditional Rental Income: $2720 Airbnb ROI: -0.12% Traditional ROI: 4.85%
300 Main Street #2C Evansville, IN This one-of-a-kind downtown condo combines elegance, craftsmanship, and modern comfort wit...	3 beds \| 3 baths \| 2,628 sq.ft.	$483,700	Airbnb cash on cash: -3.49% Traditional cash on cash: 2.29% Airbnb Rental Income: $731 Traditional Rental Income: $3036 Airbnb ROI: -3.49% Traditional ROI: 2.29%
3046 Shady Hollow Trail Evansville, IN Welcome to maintenance-free condo living in Evansville, Indiana at 3046 Shady Hollow Trail...	2 beds \| 2 baths \| 1,284 sq.ft.	$219,900	Airbnb cash on cash: -2.89% Traditional cash on cash: 4.29% Airbnb Rental Income: $483 Traditional Rental Income: $1709 Airbnb ROI: -2.89% Traditional ROI: 4.29%
308 Colonial Avenue Evansville, IN This immaculate 3â4 BR, 2 full bath, one-level home offers 1,625 sq. ft. of tastefully u...	3 beds \| 2 baths \| 1,625 sq.ft.	$196,500	Airbnb cash on cash: 0.57% Traditional cash on cash: 8.35% Airbnb Rental Income: $731 Traditional Rental Income: $1872 Airbnb ROI: 0.57% Traditional ROI: 8.35%
2120 E Blackford Avenue Evansville, IN Beautifully updated and absolutely adorable, this charming bungalow is the perfect starter...	2 beds \| 1 baths \| 984 sq.ft.	$194,888	Airbnb cash on cash: -1.14% Traditional cash on cash: 4.67% Airbnb Rental Income: $483 Traditional Rental Income: $1289 Airbnb ROI: -1.14% Traditional ROI: 4.67%
515 Washington Avenue Evansville, IN Investor opportunity! Triplex featuring three separate apartments, each with its own priva...	5 beds \| 2 baths \| 1,460 sq.ft.	$139,900	Airbnb cash on cash: 6.02% Traditional cash on cash: 11.45% Airbnb Rental Income: $1556 Traditional Rental Income: $1836 Airbnb ROI: 6.02% Traditional ROI: 11.45%
3017 S Rotherwood Avenue Evansville, IN Packed with updates and space galore to store or create! You'll find both an attached 2-ca...	3 beds \| 2 baths \| 1,375 sq.ft.	$189,900	Airbnb cash on cash: 0.11% Traditional cash on cash: 7.27% Airbnb Rental Income: $731 Traditional Rental Income: $1713 Airbnb ROI: 0.11% Traditional ROI: 7.27%
803 SE Riverside Drive Evansville, IN Huge income potential in the heart of the near downtown! 3 of the 4 units are occupied! C...	6 beds \| 4 baths \| 4,590 sq.ft.	$249,900	Airbnb cash on cash: 2.4% Traditional cash on cash: 11.76% Airbnb Rental Income: $1556 Traditional Rental Income: $3315 Airbnb ROI: 2.4% Traditional ROI: 11.76%
1206 Delmar Avenue Evansville, IN Charming West-side all-brick 2 bedroom, 1 bath home offering a bright open-concept layout ...	2 beds \| 1 baths \| 984 sq.ft.	$141,900	Airbnb cash on cash: -0.57% Traditional cash on cash: 7.4% Airbnb Rental Income: $483 Traditional Rental Income: $1298 Airbnb ROI: -0.57% Traditional ROI: 7.4%
1200 N Third Avenue Evansville, IN Wonderful size 2 bedroom home with just over 1300 square feet. Very large living and dinni...	2 beds \| 1 baths \| 1,331 sq.ft.	$99,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 11.49% Airbnb Rental Income: $483 Traditional Rental Income: $1403 Airbnb ROI: -0.86% Traditional ROI: 11.49%
832 Groveview Court Evansville, IN Welcome home to this beautifully maintained 3-bedroom, 2.5-bath property in a sought-after...	3 beds \| 3 baths \| 1,886 sq.ft.	$313,900	Airbnb cash on cash: -0.9% Traditional cash on cash: 5.95% Airbnb Rental Income: $731 Traditional Rental Income: $2441 Airbnb ROI: -0.9% Traditional ROI: 5.95%
3323 Crater Drive Evansville, IN Well-maintained 3-bedroom, 2-bath one-story home located on a low-traffic street in the de...	3 beds \| 2 baths \| 1,325 sq.ft.	$255,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 4.32% Airbnb Rental Income: $731 Traditional Rental Income: $1594 Airbnb ROI: -0.55% Traditional ROI: 4.32%
2805 W Maryland Street Evansville, IN West Side Bungalow with Backyard Oasis! Welcome home to this charming 3-bedroom, 1-bath bu...	3 beds \| 1 baths \| 1,260 sq.ft.	$149,900	Airbnb cash on cash: 0.89% Traditional cash on cash: 8.07% Airbnb Rental Income: $731 Traditional Rental Income: $1450 Airbnb ROI: 0.89% Traditional ROI: 8.07%
2013 Frisse Avenue Evansville, IN Located on Evansvilleâs east side, 2013 Frisse Ave offers 3 bedrooms, 2 full baths, and ...	3 beds \| 2 baths \| 1,074 sq.ft.	$146,500	Airbnb cash on cash: -0.03% Traditional cash on cash: 6.25% Airbnb Rental Income: $731 Traditional Rental Income: $1301 Airbnb ROI: -0.03% Traditional ROI: 6.25%
1521 Larkinwood Lane Evansville, IN This beautiful Federal-style home delivers timeless style paired with all the amenities yo...	4 beds \| 3 baths \| 4,489 sq.ft.	$619,900	Airbnb cash on cash: -1.22% Traditional cash on cash: 1.92% Airbnb Rental Income: $1022 Traditional Rental Income: $2481 Airbnb ROI: -1.22% Traditional ROI: 1.92%
5910 Newburgh Road Evansville, IN Location truly mattersâand this one delivers! Situated on a full acre in the heart of Ev...	3 beds \| 2 baths \| 1,584 sq.ft.	$219,900	Airbnb cash on cash: -0.04% Traditional cash on cash: 6.68% Airbnb Rental Income: $731 Traditional Rental Income: $1821 Airbnb ROI: -0.04% Traditional ROI: 6.68%
1725 N Meadow Road Evansville, IN Lovely one story brick home on Eastside with many updates. Enter living room with big pi...	3 beds \| 1 baths \| 1,161 sq.ft.	$189,900	Airbnb cash on cash: 0.04% Traditional cash on cash: 5.62% Airbnb Rental Income: $731 Traditional Rental Income: $1428 Airbnb ROI: 0.04% Traditional ROI: 5.62%
713 Thornberry Drive Evansville, IN Fully inspected for peace of mind! Well-kept 3-bedroom, 1-bath home offering recent interi...	3 beds \| 1 baths \| 925 sq.ft.	$163,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 5.87% Airbnb Rental Income: $731 Traditional Rental Income: $1295 Airbnb ROI: 0.24% Traditional ROI: 5.87%
6510 Lincoln Avenue Evansville, IN Well-located move-in ready single-family home on Evansvilleâs desirable East Side, just ...	3 beds \| 2 baths \| 1,324 sq.ft.	$230,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 5.36% Airbnb Rental Income: $731 Traditional Rental Income: $1608 Airbnb ROI: -0.1% Traditional ROI: 5.36%
2707 E Chandler Avenue Evansville, IN Welcome to this charming and nicely updated bungalow on Evansvilleâs east sideâfull of...	3 beds \| 2 baths \| 1,665 sq.ft.	$243,900	Airbnb cash on cash: -0.23% Traditional cash on cash: 6.69% Airbnb Rental Income: $731 Traditional Rental Income: $2014 Airbnb ROI: -0.23% Traditional ROI: 6.69%
1625 JOYCE AVE Evansville, IN Invest with success and buy through Auction.com. This bank-owned investment property is a ...	2 beds \| 1 baths \| 1,324 sq.ft.	$200,000	Airbnb cash on cash: -0.98% Traditional cash on cash: 4.57% Airbnb Rental Income: $483 Traditional Rental Income: $1266 Airbnb ROI: -0.98% Traditional ROI: 4.57%
10001 Brookline Drive Evansville, IN Welcome to this beautifully maintained 1.5-story brick home offering 4 bedrooms, 2.5 baths...	4 beds \| 3 baths \| 3,133 sq.ft.	$390,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 5.12% Airbnb Rental Income: $1022 Traditional Rental Income: $2678 Airbnb ROI: -0.39% Traditional ROI: 5.12%
1131 Loft Cove Evansville, IN Charming loft for low-maintenance living or great investment property! Offering 1,002 sq f...	1 beds \| 1 baths \| 660 sq.ft.	$126,000	Airbnb cash on cash: -3.56% Traditional cash on cash: 8.37% Airbnb Rental Income: $290 Traditional Rental Income: $1500 Airbnb ROI: -3.56% Traditional ROI: 8.37%
1620 E Blackford Avenue Evansville, IN Welcome to this charming 3-bedroom home full of character and opportunity, located on a qu...	3 beds \| 1 baths \| 909 sq.ft.	$158,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 6.63% Airbnb Rental Income: $731 Traditional Rental Income: $1328 Airbnb ROI: 0.61% Traditional ROI: 6.63%
205 W Oregon Street #207 Evansville, IN Fully occupied two-story duplex offering a great investment opportunity. Unit 205 rents fo...	6 beds \| 2 baths \| 1,650 sq.ft.	$154,900	Airbnb cash on cash: 0.82% Traditional cash on cash: 10.96% Airbnb Rental Income: $731 Traditional Rental Income: $1921 Airbnb ROI: 0.82% Traditional ROI: 10.96%
2505 Ravenswood Drive Evansville, IN Charming and well-maintained 3-bedroom, 1-bath home at 2505 Ravenswood featuring hardwood ...	3 beds \| 1 baths \| 932 sq.ft.	$132,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 6.67% Airbnb Rental Income: $731 Traditional Rental Income: $1167 Airbnb ROI: 0.79% Traditional ROI: 6.67%
3707 Furlong Drive Evansville, IN Wonderful two-story home with large bedrooms and a nice, flat back yard in Evansville's so...	3 beds \| 3 baths \| 2,370 sq.ft.	$309,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 5.55% Airbnb Rental Income: $731 Traditional Rental Income: $2239 Airbnb ROI: -0.71% Traditional ROI: 5.55%
4045 Kenly Drive Evansville, IN Welcome to Creekside Meadows! Built in 2021 by Eagle Construction, this one-owner 1.5-stor...	3 beds \| 2 baths \| 2,258 sq.ft.	$394,900	Airbnb cash on cash: -1.08% Traditional cash on cash: 4.09% Airbnb Rental Income: $731 Traditional Rental Income: $2334 Airbnb ROI: -1.08% Traditional ROI: 4.09%
311 Van Dusen Avenue Evansville, IN Completely updated and move-in ready! This 3-bedroom, 2-bath home offers extensive upgrade...	3 beds \| 2 baths \| 1,780 sq.ft.	$224,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 8.01% Airbnb Rental Income: $731 Traditional Rental Income: $2185 Airbnb ROI: -0.32% Traditional ROI: 8.01%
1203 Edgar Street Evansville, IN Looking for move-in ready? This 3 bedroom home has all the updates you can ask for! From t...	3 beds \| 1 baths \| 1,512 sq.ft.	$109,500	Airbnb cash on cash: 1.21% Traditional cash on cash: 11.06% Airbnb Rental Income: $731 Traditional Rental Income: $1465 Airbnb ROI: 1.21% Traditional ROI: 11.06%
417 Bennighof Avenue Evansville, IN Move right in to this classic two story Colonial charmer with modern updates in a convenie...	4 beds \| 3 baths \| 1,782 sq.ft.	$279,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 6.97% Airbnb Rental Income: $1022 Traditional Rental Income: $2320 Airbnb ROI: 0.66% Traditional ROI: 6.97%
300 Main Street #4H Evansville, IN Experience refined urban living in this top-floor corner condo in the heart of downtown Ev...	3 beds \| 3 baths \| 2,349 sq.ft.	$440,000	Airbnb cash on cash: -2.92% Traditional cash on cash: 3.1% Airbnb Rental Income: $731 Traditional Rental Income: $2903 Airbnb ROI: -2.92% Traditional ROI: 3.1%
4300 E Riverside Drive Evansville, IN Charming 4-bedroom home located near the end of a quiet street! This well-maintained prope...	4 beds \| 1 baths \| 1,084 sq.ft.	$156,500	Airbnb cash on cash: 2.43% Traditional cash on cash: 7.15% Airbnb Rental Income: $1022 Traditional Rental Income: $1369 Airbnb ROI: 2.43% Traditional ROI: 7.15%
3748 Collingswood Drive Evansville, IN Well-maintained 3-bedroom, 2-bath ranch located on Evansvilleâs North Side in desirable ...	3 beds \| 2 baths \| 1,738 sq.ft.	$285,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 4.85% Airbnb Rental Income: $731 Traditional Rental Income: $1908 Airbnb ROI: -0.69% Traditional ROI: 4.85%

Real Estate investment in Evansville, IN

There are 316 properties for sale in the city of Evansville . The median list price in Evansville is $176,339 and the average price per square foot is $93. In April 2026, the average monthly cash on cash return in Evansville is 7.00%. The average monthly rental income in Evansville is $1,661.

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

There are 316 investment properties available for sale in Evansville.

In 2026, the best neighborhood to buy investment property is Evansville.

The ROI for Short-Term is higher than the Long-Term in Evansville with average rental income of $731.

Your search for investment property begins and ends here

Investment Property for Sale in Evansville, IN

224 Mulberry Street

Evansville, IN

2 beds | 2 baths | 2,312 sq.ft.

$349,900

Airbnb cash on cash: -1.57%

Traditional cash on cash: 3.54%

Airbnb Rental Income: $483

Traditional Rental Income: $1891

Airbnb ROI: -1.57%

Traditional ROI: 3.54%

5710 Washington Avenue

Evansville, IN

2 beds | 1 baths | 2,114 sq.ft.

$219,500

Airbnb cash on cash: -1%

Traditional cash on cash: 4.35%

Airbnb Rental Income: $483

Traditional Rental Income: $1326

Airbnb ROI: -1%

Traditional ROI: 4.35%

621 N Fulton Avenue

Evansville, IN

3 beds | 4 baths | 4,464 sq.ft.

$199,000

Airbnb cash on cash: -0.69%

Traditional cash on cash: 6.17%

Airbnb Rental Income: $731

Traditional Rental Income: $1716

Airbnb ROI: -0.69%

Traditional ROI: 6.17%

3223 Keystone Hills Drive

Evansville, IN

3 beds | 2 baths | 1,938 sq.ft.

$341,000

Airbnb cash on cash: -0.84%

Traditional cash on cash: 4.09%

Airbnb Rental Income: $731

Traditional Rental Income: $2002

Airbnb ROI: -0.84%

Traditional ROI: 4.09%

15333 Reading Drive

Evansville, IN

5 beds | 4 baths | 3,662 sq.ft.

$488,900

Airbnb cash on cash: 0.28%

Traditional cash on cash: 5.46%

Airbnb Rental Income: $1556

Traditional Rental Income: $3478

Airbnb ROI: 0.28%

Traditional ROI: 5.46%

26 Euclid Drive

Evansville, IN

3 beds | 2 baths | 1,856 sq.ft.

$194,900

Airbnb cash on cash: 0.41%

Traditional cash on cash: 8.83%

Airbnb Rental Income: $731

Traditional Rental Income: $1978

Airbnb ROI: 0.41%

Traditional ROI: 8.83%

3008 N Red Bank Road

Evansville, IN

4 beds | 3 baths | 3,442 sq.ft.

$442,500

Airbnb cash on cash: -0.12%

Traditional cash on cash: 4.85%

Airbnb Rental Income: $1022

Traditional Rental Income: $2720

Airbnb ROI: -0.12%

Traditional ROI: 4.85%

300 Main Street #2C

Evansville, IN

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

$483,700

Airbnb cash on cash: -3.49%

Traditional cash on cash: 2.29%

Airbnb Rental Income: $731

Traditional Rental Income: $3036

Airbnb ROI: -3.49%