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
15430 SHAKESPEARE Drive Evansville, IN This Stunning home is Conveniently LOCATED half a mile from both Scott Elementary & North ...	4 beds \| 3 baths \| 2,450 sq.ft.	$359,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 4.84% Airbnb Rental Income: $1363 Traditional Rental Income: $2421 Airbnb ROI: 0.48% Traditional ROI: 4.84%
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.	$359,900	Airbnb cash on cash: -0.82% Traditional cash on cash: 3.41% Airbnb Rental Income: $781 Traditional Rental Income: $1891 Airbnb ROI: -0.82% Traditional ROI: 3.41%
1107 Harmony Way Evansville, IN Step into this delightful home, perfectly suited for those seeking comfort and convenience...	2 beds \| 2 baths \| 1,332 sq.ft.	$150,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 7.47% Airbnb Rental Income: $781 Traditional Rental Income: $1372 Airbnb ROI: 1.13% Traditional ROI: 7.47%
2909 E Mulberry Street Evansville, IN Charming 1.5 Story in Lincoln Manor, totals 2167sqft with 3 bedrooms, 3 bathrooms, family ...	3 beds \| 3 baths \| 2,167 sq.ft.	$219,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 9.27% Airbnb Rental Income: $1201 Traditional Rental Income: $2417 Airbnb ROI: 1.53% Traditional ROI: 9.27%
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.	$499,900	Airbnb cash on cash: -0.11% Traditional cash on cash: 5.32% Airbnb Rental Income: $1355 Traditional Rental Income: $3478 Airbnb ROI: -0.11% Traditional ROI: 5.32%
628 S Harlan Avenue Evansville, IN This immaculate 2-bedroom, 1-bath home combines the warmth of original details with stylis...	2 beds \| 1 baths \| 1,092 sq.ft.	$149,900	Airbnb cash on cash: 0.81% Traditional cash on cash: 6.82% Airbnb Rental Income: $781 Traditional Rental Income: $1324 Airbnb ROI: 0.81% Traditional ROI: 6.82%
3901 Farrington Drive Evansville, IN Welcome to this charming 4-bedroom, 2.5-bath home perfectly situated on a desirable corner...	4 beds \| 3 baths \| 2,064 sq.ft.	$284,900	Airbnb cash on cash: 0.97% Traditional cash on cash: 6.02% Airbnb Rental Income: $1363 Traditional Rental Income: $2302 Airbnb ROI: 0.97% Traditional ROI: 6.02%
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: -2.62% Traditional cash on cash: 2.29% Airbnb Rental Income: $1201 Traditional Rental Income: $3036 Airbnb ROI: -2.62% Traditional ROI: 2.29%
8738 Wynnfield Drive Evansville, IN This spacious 4 + bedroom, 2.5-bath two-story home is located on Evansvilleâs North Side...	4 beds \| 3 baths \| 2,364 sq.ft.	$309,900	Airbnb cash on cash: 0.82% Traditional cash on cash: 5.79% Airbnb Rental Income: $1363 Traditional Rental Income: $2395 Airbnb ROI: 0.82% Traditional ROI: 5.79%
2123 Bunker Lane Evansville, IN Enjoy lakefront living in McCutchanvilleâs desirable Eagle Crossing North! This beautifu...	3 beds \| 3 baths \| 1,859 sq.ft.	$354,999	Airbnb cash on cash: 0.17% Traditional cash on cash: 4.93% Airbnb Rental Income: $1201 Traditional Rental Income: $2401 Airbnb ROI: 0.17% Traditional ROI: 4.93%
5013 Cider Mill Court Evansville, IN Beautiful move-in ready home on the North Side of Evansville. 3 bedrooms, 2 1/2 baths. N...	3 beds \| 3 baths \| 2,328 sq.ft.	$365,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 4.8% Airbnb Rental Income: $1201 Traditional Rental Income: $2323 Airbnb ROI: 0.38% Traditional ROI: 4.8%
3243 Ralston Drive Evansville, IN Hurry! All brick 3 bedroom, 2 full bath ranch home with open floor plan in highly desirabl...	3 beds \| 2 baths \| 2,189 sq.ft.	$379,900	Airbnb cash on cash: 0.02% Traditional cash on cash: 3.92% Airbnb Rental Income: $1201 Traditional Rental Income: $2201 Airbnb ROI: 0.02% Traditional ROI: 3.92%
4227 Ty Court Evansville, IN Welcome home to this one-owner, 3-bedroom, 2-bath treasure that has been cared for with pr...	3 beds \| 2 baths \| 1,388 sq.ft.	$274,900	Airbnb cash on cash: 0% Traditional cash on cash: 4.41% Airbnb Rental Income: $1201 Traditional Rental Income: $1955 Airbnb ROI: 0% Traditional ROI: 4.41%
8141 Bucks Lane Evansville, IN Welcome to Buckingham Woods! This stunning custom-built home sits on a quiet cul-de-sac su...	4 beds \| 4 baths \| 3,440 sq.ft.	$599,900	Airbnb cash on cash: -0.26% Traditional cash on cash: 3.74% Airbnb Rental Income: $1363 Traditional Rental Income: $3190 Airbnb ROI: -0.26% Traditional ROI: 3.74%
5633 Forest Avenue Evansville, IN This 1.5-story corner unit condo offers a unique opportunity for investors, flippers, or h...	3 beds \| 2 baths \| N/A	$130,000	Airbnb cash on cash: 1.57% Traditional cash on cash: 8.03% Airbnb Rental Income: $1201 Traditional Rental Income: $1619 Airbnb ROI: 1.57% Traditional ROI: 8.03%
9828 Massey Drive Evansville, IN Built at the end of 2018, this one-owner, single-level home offers an ideal blend of elega...	3 beds \| 2 baths \| 1,408 sq.ft.	$274,900	Airbnb cash on cash: 0.98% Traditional cash on cash: 5.39% Airbnb Rental Income: $1201 Traditional Rental Income: $1955 Airbnb ROI: 0.98% Traditional ROI: 5.39%
2304 Herbert Avenue Evansville, IN Welcome to this charming and fully updated 3-bedroom, 1-bath ranch home thatâs truly mov...	3 beds \| 1 baths \| 825 sq.ft.	$135,900	Airbnb cash on cash: 4.18% Traditional cash on cash: 7.05% Airbnb Rental Income: $1201 Traditional Rental Income: $1186 Airbnb ROI: 4.18% Traditional ROI: 7.05%
5300 Gravenstein Court Evansville, IN Welcome to this beautiful home in The Orchardâs. The home has many recent updates and be...	3 beds \| 2 baths \| 1,657 sq.ft.	$304,999	Airbnb cash on cash: 0.59% Traditional cash on cash: 3.39% Airbnb Rental Income: $1201 Traditional Rental Income: $1617 Airbnb ROI: 0.59% Traditional ROI: 3.39%
10222 Brookcrest Drive Evansville, IN Welcome to Brookview Heights, where this spacious home offers much more than meets the eye...	3 beds \| 2 baths \| 2,038 sq.ft.	$359,999	Airbnb cash on cash: 0.13% Traditional cash on cash: 4.15% Airbnb Rental Income: $1201 Traditional Rental Income: $2171 Airbnb ROI: 0.13% Traditional ROI: 4.15%
4001 Chappell Drive Evansville, IN Great North Side location! This move-in ready, custom-built home offers the perfect combin...	3 beds \| 2 baths \| 1,869 sq.ft.	$339,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 4.43% Airbnb Rental Income: $1201 Traditional Rental Income: $2116 Airbnb ROI: 0.33% Traditional ROI: 4.43%
501 W Berkeley Avenue Evansville, IN Amazing yard perfectly situated on .51 acres with park like setting . This 3-bedroom hom...	3 beds \| 1 baths \| 1,187 sq.ft.	$175,000	Airbnb cash on cash: 2.33% Traditional cash on cash: 6.33% Airbnb Rental Income: $1201 Traditional Rental Income: $1479 Airbnb ROI: 2.33% Traditional ROI: 6.33%
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.	$275,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 10.61% Airbnb Rental Income: $1355 Traditional Rental Income: $3315 Airbnb ROI: 1.45% Traditional ROI: 10.61%
9434 Hedgewood Court Evansville, IN POPULAR NORTH SCHOOL DISTRICT...4-BEDROOMS + BONUS ROOM...Just Minutes to Green River Shop...	4 beds \| 3 baths \| 2,128 sq.ft.	$324,900	Airbnb cash on cash: 0.94% Traditional cash on cash: 5.21% Airbnb Rental Income: $1363 Traditional Rental Income: $2252 Airbnb ROI: 0.94% Traditional ROI: 5.21%
1926 Jeanette Avenue Evansville, IN Welcome to this well maintained, all brick home; featuring 3 beds and 1 bath all one level...	3 beds \| 1 baths \| 945 sq.ft.	$120,000	Airbnb cash on cash: 4.67% Traditional cash on cash: 8.76% Airbnb Rental Income: $1201 Traditional Rental Income: $1285 Airbnb ROI: 4.67% Traditional ROI: 8.76%
1615 Monroe Avenue Evansville, IN Donât miss this inviting 3-bedroom, 1-bath home featuring classic hardwood floors and a ...	3 beds \| 1 baths \| 1,340 sq.ft.	$135,000	Airbnb cash on cash: 4.12% Traditional cash on cash: 9.06% Airbnb Rental Income: $1201 Traditional Rental Income: $1452 Airbnb ROI: 4.12% Traditional ROI: 9.06%
1608 Hicks Drive Evansville, IN This super nice brick ranch home with full basement has something for everyone in the fami...	3 beds \| 1 baths \| 999 sq.ft.	$229,500	Airbnb cash on cash: 1.99% Traditional cash on cash: 4.7% Airbnb Rental Income: $1201 Traditional Rental Income: $1400 Airbnb ROI: 1.99% Traditional ROI: 4.7%
713 Thornberry Drive Evansville, IN Well-kept 3-bedroom, 1-bath home offering recent interior updates, including fresh paint t...	3 beds \| 1 baths \| 925 sq.ft.	$164,900	Airbnb cash on cash: 2.72% Traditional cash on cash: 5.79% Airbnb Rental Income: $1201 Traditional Rental Income: $1295 Airbnb ROI: 2.72% Traditional ROI: 5.79%
2721 Hartmetz Avenue Evansville, IN Welcome to this beautifully updated 4-bedroom, 2-bath home on Reitz Hill, where modern com...	4 beds \| 2 baths \| 1,625 sq.ft.	$220,000	Airbnb cash on cash: 2.64% Traditional cash on cash: 7.55% Airbnb Rental Income: $1363 Traditional Rental Income: $1971 Airbnb ROI: 2.64% Traditional ROI: 7.55%
5400 E Powell Avenue Evansville, IN Welcome to 5400 E Powell Ave! This 3 bedroom, 2.5 bath home is located on Evansvilleâs e...	3 beds \| 3 baths \| 1,924 sq.ft.	$265,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 7.03% Airbnb Rental Income: $1201 Traditional Rental Income: $2323 Airbnb ROI: 0.99% Traditional ROI: 7.03%
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: 0.33% Traditional cash on cash: 4.57% Airbnb Rental Income: $781 Traditional Rental Income: $1266 Airbnb ROI: 0.33% Traditional ROI: 4.57%
4318 Chadwick Road Evansville, IN Welcome to this well-maintained 3-bedroom, 1-bath home located in the desirable Country Cl...	3 beds \| 1 baths \| 957 sq.ft.	$172,500	Airbnb cash on cash: 2.7% Traditional cash on cash: 5.63% Airbnb Rental Income: $1201 Traditional Rental Income: $1295 Airbnb ROI: 2.7% Traditional ROI: 5.63%
1616 Welworth Avenue Evansville, IN Welcome to this beautifully maintained 4-bedroom, 3-bath home offering nearly 2,500 sq. ft...	4 beds \| 3 baths \| 2,428 sq.ft.	$239,900	Airbnb cash on cash: 2.11% Traditional cash on cash: 8.65% Airbnb Rental Income: $1363 Traditional Rental Income: $2431 Airbnb ROI: 2.11% Traditional ROI: 8.65%
11445 Caracaras Court Evansville, IN Lovely home on Evansville's North Green River Road area. So close to everything but still...	3 beds \| 2 baths \| 1,452 sq.ft.	$255,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 4.97% Airbnb Rental Income: $1201 Traditional Rental Income: $1783 Airbnb ROI: 0.94% Traditional ROI: 4.97%
4839 Paddock Drive Evansville, IN Beautiful East Side Condo! This stunning 3-bedroom, 2-bath home features hardwood floors, ...	3 beds \| 2 baths \| 1,657 sq.ft.	$249,900	Airbnb cash on cash: 1.44% Traditional cash on cash: 4.61% Airbnb Rental Income: $1201 Traditional Rental Income: $1559 Airbnb ROI: 1.44% Traditional ROI: 4.61%
3024 Tremont Road Evansville, IN Updated Ranch with 1149sqft and 2 car garage in Country Club Manor! Includes 3 bedrooms, l...	3 beds \| 1 baths \| 1,149 sq.ft.	$179,900	Airbnb cash on cash: 2.48% Traditional cash on cash: 6.26% Airbnb Rental Income: $1201 Traditional Rental Income: $1459 Airbnb ROI: 2.48% Traditional ROI: 6.26%
2433 Wheaton Drive Evansville, IN Great opportunity for a great price!!! This 3 bedroom 2.5 bath full brick home is located ...	3 beds \| 3 baths \| 2,234 sq.ft.	$319,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 4.76% Airbnb Rental Income: $1201 Traditional Rental Income: $2248 Airbnb ROI: -0.03% Traditional ROI: 4.76%
1401 Jackson Avenue Evansville, IN Charming Updated Starter Home on a Corner Lot, This beautifully refreshed east-side 2-bedr...	2 beds \| 1 baths \| 768 sq.ft.	$125,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 7.02% Airbnb Rental Income: $781 Traditional Rental Income: $1183 Airbnb ROI: 1.03% Traditional ROI: 7.02%
805 E Chandler Avenue Evansville, IN Hurry! Welcome to this beautiful historic house known as the Brown-Sparrenberger home. Bui...	3 beds \| 2 baths \| 2,273 sq.ft.	$289,900	Airbnb cash on cash: 1.11% Traditional cash on cash: 6.53% Airbnb Rental Income: $1201 Traditional Rental Income: $2290 Airbnb ROI: 1.11% Traditional ROI: 6.53%
130 W Evergreen Road Evansville, IN VA Assumable Loan 3.75% â A rare opportunity for qualified buyers!Charming Northside Eva...	3 beds \| 2 baths \| 2,028 sq.ft.	$319,900	Airbnb cash on cash: 0.89% Traditional cash on cash: 5.41% Airbnb Rental Income: $1201 Traditional Rental Income: $2172 Airbnb ROI: 0.89% Traditional ROI: 5.41%
2255 Vogel Road Evansville, IN Welcome to this beautifully maintained 1.5-story brick home featuring 3 bedrooms, 2 full b...	3 beds \| 2 baths \| 2,750 sq.ft.	$269,900	Airbnb cash on cash: 1.08% Traditional cash on cash: 6.77% Airbnb Rental Income: $1201 Traditional Rental Income: $2261 Airbnb ROI: 1.08% Traditional ROI: 6.77%

Real Estate investment in Evansville, IN

There are 346 properties for sale in the city of Evansville . The median list price in Evansville is $187,700 and the average price per square foot is $100. In December 2025, the average monthly cash on cash return in Evansville is 7.00%. The average monthly rental income in Evansville is $1,797.

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

There are 346 investment properties available for sale in Evansville.

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

The ROI for Long-Term is higher than the Short-Term in Evansville with average rental income of $1,797.

Your search for investment property begins and ends here

Investment Property for Sale in Evansville, IN

15430 SHAKESPEARE Drive

Evansville, IN

4 beds | 3 baths | 2,450 sq.ft.

$359,900

Airbnb cash on cash: 0.48%

Traditional cash on cash: 4.84%

Airbnb Rental Income: $1363

Traditional Rental Income: $2421

Airbnb ROI: 0.48%

Traditional ROI: 4.84%

224 Mulberry Street

Evansville, IN

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

$359,900

Airbnb cash on cash: -0.82%

Traditional cash on cash: 3.41%

Airbnb Rental Income: $781

Traditional Rental Income: $1891

Airbnb ROI: -0.82%

Traditional ROI: 3.41%

1107 Harmony Way

Evansville, IN

2 beds | 2 baths | 1,332 sq.ft.

$150,000

Airbnb cash on cash: 1.13%

Traditional cash on cash: 7.47%

Airbnb Rental Income: $781

Traditional Rental Income: $1372

Airbnb ROI: 1.13%

Traditional ROI: 7.47%

2909 E Mulberry Street

Evansville, IN

3 beds | 3 baths | 2,167 sq.ft.

$219,000

Airbnb cash on cash: 1.53%

Traditional cash on cash: 9.27%

Airbnb Rental Income: $1201

Traditional Rental Income: $2417

Airbnb ROI: 1.53%

Traditional ROI: 9.27%

15333 Reading Drive

Evansville, IN

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

$499,900

Airbnb cash on cash: -0.11%

Traditional cash on cash: 5.32%

Airbnb Rental Income: $1355

Traditional Rental Income: $3478

Airbnb ROI: -0.11%

Traditional ROI: 5.32%

628 S Harlan Avenue

Evansville, IN

2 beds | 1 baths | 1,092 sq.ft.

$149,900

Airbnb cash on cash: 0.81%

Traditional cash on cash: 6.82%

Airbnb Rental Income: $781

Traditional Rental Income: $1324

Airbnb ROI: 0.81%

Traditional ROI: 6.82%

3901 Farrington Drive

Evansville, IN

4 beds | 3 baths | 2,064 sq.ft.

$284,900

Airbnb cash on cash: 0.97%

Traditional cash on cash: 6.02%

Airbnb Rental Income: $1363

Traditional Rental Income: $2302

Airbnb ROI: 0.97%

Traditional ROI: 6.02%

300 Main Street #2C

Evansville, IN

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

$483,700

Airbnb cash on cash: -2.62%

Traditional cash on cash: 2.29%

Airbnb Rental Income: $1201

Traditional Rental Income: $3036

Airbnb ROI: -2.62%