Real Estate Investment Properties for Sale in Frankfort, IN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1580 E Garnett Drive Frankfort, IN Stunning Lakefront Living in Lake Ridge Estates Welcome to this Custom Executive all-brick...	3 beds \| 4 baths \| 3,200 sq.ft.	$595,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.85% Airbnb Rental Income: $null Traditional Rental Income: $2595 Airbnb ROI: N/A Traditional ROI: 2.85%
652 E Washington Street Frankfort, IN Welcome to this charming 3 bedroom, 1.5 bath home conveniently located near downtown Frank...	3 beds \| 2 baths \| 2,247 sq.ft.	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.17% Airbnb Rental Income: $null Traditional Rental Income: $1183 Airbnb ROI: N/A Traditional ROI: 4.17%
509 S Harrison Street Frankfort, IN Welcome to this spacious 4-bedroom, 2-bath home offering character, functionality, and roo...	4 beds \| 2 baths \| 1,778 sq.ft.	$319,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.34% Airbnb Rental Income: $null Traditional Rental Income: $2208 Airbnb ROI: N/A Traditional ROI: 5.34%
951 W Palmer Street Frankfort, IN Welcome to 951 W Palmer St in Frankfort! This well maintained 2 bedroom, 1 bath home offer...	2 beds \| 1 baths \| 1,063 sq.ft.	$210,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 5.08% Airbnb Rental Income: $878 Traditional Rental Income: $1396 Airbnb ROI: 0.79% Traditional ROI: 5.08%
1055 N Harrison Street Frankfort, IN Timeless Craftsmanship Meets Modern Comfort Step into a home that was built in an era when...	3 beds \| 2 baths \| 1,800 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.75% Airbnb Rental Income: $null Traditional Rental Income: $2107 Airbnb ROI: N/A Traditional ROI: 7.75%
4097 S County Road 0 EW Frankfort, IN Welcome to 4097 S County Road 0 EW, a 3 bedroom, 1 bath home situated on .75 acre with a c...	3 beds \| 1 baths \| 1,416 sq.ft.	$243,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.28% Airbnb Rental Income: $null Traditional Rental Income: $1633 Airbnb ROI: N/A Traditional ROI: 5.28%
353 Harvard Terrace Frankfort, IN WOW!! What a find in Highland Park and Christian Ridge Historic District! Escape from th...	4 beds \| 3 baths \| 2,352 sq.ft.	$319,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.66% Airbnb Rental Income: $null Traditional Rental Income: $2096 Airbnb ROI: N/A Traditional ROI: 4.66%
350 Brightwood Drive Frankfort, IN Adorable 3-bedroom ranch on a full unfinished basement now available in Frankfort! This ch...	3 beds \| 1 baths \| 1,040 sq.ft.	$204,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.53% Airbnb Rental Income: $null Traditional Rental Income: $1063 Airbnb ROI: N/A Traditional ROI: 3.53%
2144 S County Rd 1300 E Frankfort, IN 2144 S County Road 1300 E is situated on just under 4 acres of land outside of Frankfort. ...	3 beds \| 2 baths \| 2,641 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.8% Airbnb Rental Income: $null Traditional Rental Income: $1760 Airbnb ROI: N/A Traditional ROI: 2.8%
2612 E Michigantown Road Frankfort, IN Warm and inviting 4-bedroom, 3-bath single-story home offering the perfect blend of comfor...	4 beds \| 3 baths \| 2,040 sq.ft.	$390,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.92% Airbnb Rental Income: $null Traditional Rental Income: $2371 Airbnb ROI: N/A Traditional ROI: 4.92%
1053 E Wabash Street Frankfort, IN New Majestic Home built in the heart of Frankfort. The Sullivan floor plan offers 3 bedro...	3 beds \| 2 baths \| 1,634 sq.ft.	$309,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.83% Airbnb Rental Income: $null Traditional Rental Income: $2092 Airbnb ROI: N/A Traditional ROI: 5.83%
4510 N WILDWOOD DR Frankfort, IN Wake up to beautiful lakefront views in Little Lakes Estates with this spacious 4-bedroom,...	4 beds \| 4 baths \| 3,407 sq.ft.	$499,999	Airbnb cash on cash: N/A Traditional cash on cash: 6.53% Airbnb Rental Income: $null Traditional Rental Income: $4038 Airbnb ROI: N/A Traditional ROI: 6.53%
840 W State Rd 26 Frankfort, IN Enjoy the best of country living just minutes from Rossville! This inviting 4-bedroom, 2-b...	4 beds \| 2 baths \| 2,616 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.09% Airbnb Rental Income: $null Traditional Rental Income: $2408 Airbnb ROI: N/A Traditional ROI: 6.09%
2273 Makenna West Frankfort, IN SO much to love about this beautiful home! Meticulously maintained and has all the extras....	2 beds \| 2 baths \| 1,512 sq.ft.	$319,900	Airbnb cash on cash: -0.46% Traditional cash on cash: 4.66% Airbnb Rental Income: $878 Traditional Rental Income: $2083 Airbnb ROI: -0.46% Traditional ROI: 4.66%
4920 S Old County Road 500 W Frankfort, IN Welcome to 4920 S Co Rd 500 W in Frankfort, IN! Nestled on over 1 acre at the end of a pri...	4 beds \| 3 baths \| 2,976 sq.ft.	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.44% Airbnb Rental Income: $null Traditional Rental Income: $1954 Airbnb ROI: N/A Traditional ROI: 4.44%
250 W Avery Street Frankfort, IN Spacious, stylish, and full of surprises! This beautifully maintained ranch offers room to...	4 beds \| 2 baths \| 2,128 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.51% Airbnb Rental Income: $null Traditional Rental Income: $2734 Airbnb ROI: N/A Traditional ROI: 8.51%
1101 W McClurg Street Frankfort, IN Welcome to this generously sized 5-bedroom, 2-full-bath home offering plenty of room for c...	5 beds \| 2 baths \| 1,566 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.63% Airbnb Rental Income: $null Traditional Rental Income: $2158 Airbnb ROI: N/A Traditional ROI: 9.63%
1354 W Jefferson Street Frankfort, IN Welcome to this delightful 2-bedroom, 1-bath home offering comfort, functionality, and ple...	2 beds \| 1 baths \| 616 sq.ft.	$149,000	Airbnb cash on cash: 1.16% Traditional cash on cash: 4.78% Airbnb Rental Income: $878 Traditional Rental Income: $1059 Airbnb ROI: 1.16% Traditional ROI: 4.78%
1102 Myrtle Streets Frankfort, IN Beautifully updated 4-bedroom, 2 full bath home situated on a spacious corner lot! This mo...	4 beds \| 2 baths \| 1,176 sq.ft.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.75% Airbnb Rental Income: $null Traditional Rental Income: $1669 Airbnb ROI: N/A Traditional ROI: 4.75%
10437 E CR 250 N Frankfort, IN Are you on the hunt for major privacy, low-maintenance easy living and mechanical peace of...	1 beds \| 1 baths \| 1,040 sq.ft.	$200,000	Airbnb cash on cash: 0.09% Traditional cash on cash: 6.3% Airbnb Rental Income: $717 Traditional Rental Income: $1587 Airbnb ROI: 0.09% Traditional ROI: 6.3%
1251 W Jefferson Street Frankfort, IN Welcome to 1251 W Jefferson Street in Frankfort, where spacious rooms and charming details...	3 beds \| 1 baths \| 2,080 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.36% Airbnb Rental Income: $null Traditional Rental Income: $1512 Airbnb ROI: N/A Traditional ROI: 6.36%
1203 E SOUTH Street Frankfort, IN Welcome to 1203 E South Street! This beautifully updated home combines comfort, style, an...	3 beds \| 2 baths \| 2,040 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.57% Airbnb Rental Income: $null Traditional Rental Income: $2263 Airbnb ROI: N/A Traditional ROI: 7.57%
9460 N State Rd 29 Frankfort, IN Country living with the space you've been looking for! This brick ranch offers 3 bedrooms,...	3 beds \| 2 baths \| 1,320 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.49% Airbnb Rental Income: $null Traditional Rental Income: $1785 Airbnb ROI: N/A Traditional ROI: 6.49%
403 W Armstrong Street Frankfort, IN Nicely remodeled and updated home. Enter into the enclosed front porch area into the huge ...	3 beds \| 1 baths \| 1,808 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.76% Airbnb Rental Income: $null Traditional Rental Income: $1406 Airbnb ROI: N/A Traditional ROI: 6.76%
1252 Gard Street Frankfort, IN Well maintained home on a corner lot with everything you need! 3 bedrooms, 2 full baths, 2...	3 beds \| 2 baths \| 2,184 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.5% Airbnb Rental Income: $null Traditional Rental Income: $2287 Airbnb ROI: N/A Traditional ROI: 7.5%
557 E Boone Street Frankfort, IN Ready to move in house. Over 2,600 feet squared of finished space. Big backyard with extra...	4 beds \| 3 baths \| 2,636 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.61% Airbnb Rental Income: $null Traditional Rental Income: $2168 Airbnb ROI: N/A Traditional ROI: 8.61%
808 Milroy Street Frankfort, IN	3 beds \| 1 baths \| 1,220 sq.ft.	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.2% Airbnb Rental Income: $null Traditional Rental Income: $1410 Airbnb ROI: N/A Traditional ROI: 6.2%
837 S Hoke Avenue Frankfort, IN The Tennessee model built by Majestic Homes includes 3 bedrooms, 2 full bathrooms plus a d...	3 beds \| 2 baths \| 1,979 sq.ft.	$417,400	Airbnb cash on cash: N/A Traditional cash on cash: 3.92% Airbnb Rental Income: $null Traditional Rental Income: $2347 Airbnb ROI: N/A Traditional ROI: 3.92%
902 S Hoke Avenue Frankfort, IN	3 beds \| 3 baths \| 2,050 sq.ft.	$419,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.33% Airbnb Rental Income: $null Traditional Rental Income: $2523 Airbnb ROI: N/A Traditional ROI: 4.33%
4556 N Wildwood Drive Frankfort, IN Tucked into the peaceful setting of Little Lakes Estate, this spacious property offers the...	4 beds \| 3 baths \| 1,982 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.76% Airbnb Rental Income: $null Traditional Rental Income: $2851 Airbnb ROI: N/A Traditional ROI: 6.76%
807 W McClurg Street Frankfort, IN Nicely updated 2 bedroom, 1 bath home offering a functional layout and attractive outdoor ...	2 beds \| 1 baths \| 672 sq.ft.	$165,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 4.7% Airbnb Rental Income: $878 Traditional Rental Income: $1077 Airbnb ROI: 1.31% Traditional ROI: 4.7%
831 Ash Circle Frankfort, IN Spacious 3 bedroom, 2 full bath home situated on a desirable corner lot. This property off...	3 beds \| 2 baths \| 1,564 sq.ft.	$254,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.75% Airbnb Rental Income: $null Traditional Rental Income: $1671 Airbnb ROI: N/A Traditional ROI: 4.75%
5040 E County Road 630 N Road Frankfort, IN Escape to the hustle bustle and find yourself at 5040 E County Road 630 N. Situated on 5 b...	5 beds \| 3 baths \| 2,808 sq.ft.	$515,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.61% Airbnb Rental Income: $null Traditional Rental Income: $3010 Airbnb ROI: N/A Traditional ROI: 4.61%
5989 W Hilltop Drive Frankfort, IN Welcome home to this beautifully maintained ranch-style property offering 3BR, 2 full bath...	3 beds \| 2 baths \| 1,448 sq.ft.	$337,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.42% Airbnb Rental Income: $null Traditional Rental Income: $1938 Airbnb ROI: N/A Traditional ROI: 4.42%
1752 W Barner Street Frankfort, IN Charming 3 bedroom, 1 bath home offering spacious living areas and large bedrooms througho...	3 beds \| 1 baths \| 1,204 sq.ft.	$203,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.32% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 7.32%
650 Glendale Drive Frankfort, IN Space, character, and flexibility all in one! This home offers generously sized rooms thro...	3 beds \| 2 baths \| 2,280 sq.ft.	$229,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.94% Airbnb Rental Income: $null Traditional Rental Income: $2269 Airbnb ROI: N/A Traditional ROI: 7.94%
657 Elmwood Drive Frankfort, IN Hot Diggity Dog! Welcome home to a place that truly feels like home. Nestled within easy w...	3 beds \| 2 baths \| 1,048 sq.ft.	$194,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.01% Airbnb Rental Income: $null Traditional Rental Income: $1054 Airbnb ROI: N/A Traditional ROI: 4.01%
463 S Main Street Frankfort, IN Calling all investors, flippers, and handy buyers! This spacious 3-bedroom, 1-bathroom hom...	3 beds \| 1 baths \| 1,576 sq.ft.	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.65% Airbnb Rental Income: $null Traditional Rental Income: $1491 Airbnb ROI: N/A Traditional ROI: 9.65%
4550 W County Rd 200 N Frankfort, IN This home seriously has it all and all contents are negotiable as well! This well maintain...	4 beds \| 4 baths \| 6,370 sq.ft.	$479,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.85% Airbnb Rental Income: $null Traditional Rental Income: $3950 Airbnb ROI: N/A Traditional ROI: 6.85%
6253 N County Rd 300 W Road Frankfort, IN Welcome to 6253 N County Road 300 W in Frankfort, Indianaâa beautifully maintained 4-bed...	4 beds \| 2 baths \| 3,040 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.68% Airbnb Rental Income: $null Traditional Rental Income: $2964 Airbnb ROI: N/A Traditional ROI: 4.68%

Real Estate investment in Frankfort, IN

There are 41 properties for sale in the city of Frankfort . The median list price in Frankfort is $214,871 and the average price per square foot is $102. In July 2026, the average monthly cash on cash return in Frankfort is 6.00%. The average monthly rental income in Frankfort is $2,088.

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

There are 41 investment properties available for sale in Frankfort.

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

The ROI for Long-Term is higher than the Short-Term in Frankfort with average rental income of $2,088.

Your search for investment property begins and ends here

Investment Property for Sale in Frankfort, IN

1580 E Garnett Drive

Frankfort, IN

3 beds | 4 baths | 3,200 sq.ft.

$595,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.85%

Airbnb Rental Income: $null

Traditional Rental Income: $2595

Airbnb ROI: N/A

Traditional ROI: 2.85%

652 E Washington Street

Frankfort, IN

3 beds | 2 baths | 2,247 sq.ft.

$185,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.17%

Airbnb Rental Income: $null

Traditional Rental Income: $1183

Airbnb ROI: N/A

Traditional ROI: 4.17%

509 S Harrison Street

Frankfort, IN

4 beds | 2 baths | 1,778 sq.ft.

$319,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.34%

Airbnb Rental Income: $null

Traditional Rental Income: $2208

Airbnb ROI: N/A

Traditional ROI: 5.34%

951 W Palmer Street

Frankfort, IN

2 beds | 1 baths | 1,063 sq.ft.

$210,000

Airbnb cash on cash: 0.79%

Traditional cash on cash: 5.08%

Airbnb Rental Income: $878

Traditional Rental Income: $1396

Airbnb ROI: 0.79%

Traditional ROI: 5.08%

1055 N Harrison Street

Frankfort, IN

3 beds | 2 baths | 1,800 sq.ft.

$225,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.75%

Airbnb Rental Income: $null

Traditional Rental Income: $2107

Airbnb ROI: N/A

Traditional ROI: 7.75%

4097 S County Road 0 EW

Frankfort, IN

3 beds | 1 baths | 1,416 sq.ft.

$243,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.28%

Airbnb Rental Income: $null

Traditional Rental Income: $1633

Airbnb ROI: N/A

Traditional ROI: 5.28%

353 Harvard Terrace

Frankfort, IN

4 beds | 3 baths | 2,352 sq.ft.

$319,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.66%

Airbnb Rental Income: $null

Traditional Rental Income: $2096

Airbnb ROI: N/A

Traditional ROI: 4.66%

350 Brightwood Drive

Frankfort, IN

3 beds | 1 baths | 1,040 sq.ft.

$204,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.53%

Airbnb Rental Income: $null

Traditional Rental Income: $1063

Airbnb ROI: N/A