Real Estate Investment Properties for Sale in Indianapolis, IN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
824 E Minnesota Street Indianapolis, IN This home screams modern charm! Welcome to this updated 4 bedroom, 2 bath home in Bates-He...	4 beds \| 2 baths \| 2,122 sq.ft.	$370,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 5.01% Airbnb Rental Income: $1253 Traditional Rental Income: $2267 Airbnb ROI: 0.94% Traditional ROI: 5.01%
2028 Burch Drive Indianapolis, IN Charming Cape Cod Style home, just one block from Broad Ripple Park's tennis courts, trail...	4 beds \| 2 baths \| 2,289 sq.ft.	$325,000	Airbnb cash on cash: 2.33% Traditional cash on cash: 5.93% Airbnb Rental Income: $1802 Traditional Rental Income: $2413 Airbnb ROI: 2.33% Traditional ROI: 5.93%
422 W 41st Street Indianapolis, IN This newly renovated single-family residence near Butler University presents a compelling ...	3 beds \| 2 baths \| 1,328 sq.ft.	$265,000	Airbnb cash on cash: 2.22% Traditional cash on cash: 5.02% Airbnb Rental Income: $1396 Traditional Rental Income: $1674 Airbnb ROI: 2.22% Traditional ROI: 5.02%
206 N Beville Avenue Indianapolis, IN Be the first to live in this fully renovated 5-bedroom, 3-bath home just minutes from the ...	5 beds \| 3 baths \| 2,850 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.65% Airbnb Rental Income: $null Traditional Rental Income: $2814 Airbnb ROI: N/A Traditional ROI: 8.65%
17 N Randolph Street Indianapolis, IN Step into this beautifully maintained classic Four Square home offering timeless charm wit...	3 beds \| 2 baths \| 1,822 sq.ft.	$265,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 5.95% Airbnb Rental Income: $815 Traditional Rental Income: $2041 Airbnb ROI: -0.26% Traditional ROI: 5.95%
2016 N Glenridge Drive Indianapolis, IN Charming "Updated" Bungalow will have you at Hello! This spacious 4-bedroom home offers un...	4 beds \| 1 baths \| 1,492 sq.ft.	$200,000	Airbnb cash on cash: 2.73% Traditional cash on cash: 4.01% Airbnb Rental Income: $1380 Traditional Rental Income: $1205 Airbnb ROI: 2.73% Traditional ROI: 4.01%
6650 Page Boulevard #402 Indianapolis, IN Welcome home to this incredible corner-unit penthouse offering panoramic views and abundan...	3 beds \| 3 baths \| 2,738 sq.ft.	$550,000	Airbnb cash on cash: -1.33% Traditional cash on cash: 1.68% Airbnb Rental Income: $1719 Traditional Rental Income: $2794 Airbnb ROI: -1.33% Traditional ROI: 1.68%
1444 E Elbert Street Indianapolis, IN This 2-bedroom, 1-bath bungalow offers the rare combination of a private, secluded lot wit...	2 beds \| 1 baths \| 912 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.59% Airbnb Rental Income: $null Traditional Rental Income: $1193 Airbnb ROI: N/A Traditional ROI: 3.59%
429 N Pennsylvania Street #904 Indianapolis, IN Must See!! Luxurious downtown 2 bed / 2.5 bath 9th floor penthouse condo in popular Resid...	2 beds \| 3 baths \| 2,745 sq.ft.	$1,395,000	Airbnb cash on cash: -2.89% Traditional cash on cash: -1.23% Airbnb Rental Income: $943 Traditional Rental Income: $2760 Airbnb ROI: -2.89% Traditional ROI: -1.23%
5038 Caroline Avenue Indianapolis, IN Charming 2-bedroom, 1-bath bungalow located near SoBro! This adorable home features refini...	2 beds \| 1 baths \| 1,221 sq.ft.	$230,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 4.44% Airbnb Rental Income: $1165 Traditional Rental Income: $1461 Airbnb ROI: 1.32% Traditional ROI: 4.44%
1413 S New Jersey Street Indianapolis, IN Here's a super charming 2 bed 2 bath house on the best street in the heart of Bates-Hendri...	2 beds \| 2 baths \| 882 sq.ft.	$230,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.71% Airbnb Rental Income: $937 Traditional Rental Income: $1302 Airbnb ROI: 0.45% Traditional ROI: 3.71%
5416 Brassie Drive Indianapolis, IN This 3-bedroom, 2-bath ranch home blends comfort and privacy with thoughtful updates throu...	3 beds \| 2 baths \| 1,408 sq.ft.	$235,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 5.46% Airbnb Rental Income: $805 Traditional Rental Income: $1771 Airbnb ROI: -0.34% Traditional ROI: 5.46%
5712 Grassy Bank Drive Indianapolis, IN Welcome to this beautifully maintained 3-bedroom, 2-bath home in desirable Franklin Townsh...	3 beds \| 2 baths \| 1,770 sq.ft.	$275,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 5.67% Airbnb Rental Income: $1189 Traditional Rental Income: $1947 Airbnb ROI: 1.25% Traditional ROI: 5.67%
6336 Green Leaves Road Indianapolis, IN Welcome to this charming all-brick ranch in the desirable Devonshire neighborhood of Washi...	3 beds \| 2 baths \| 2,006 sq.ft.	$349,900	Airbnb cash on cash: 1.5% Traditional cash on cash: 5.23% Airbnb Rental Income: $1513 Traditional Rental Income: $2299 Airbnb ROI: 1.5% Traditional ROI: 5.23%
450 E Ohio Street #118 Indianapolis, IN Discover the ultimate urban lifestyle at The Packard! This lovely condo is everything you'...	2 beds \| 3 baths \| 1,711 sq.ft.	$399,000	Airbnb cash on cash: -3.25% Traditional cash on cash: 1.55% Airbnb Rental Income: $943 Traditional Rental Income: $2395 Airbnb ROI: -3.25% Traditional ROI: 1.55%
1009 Broadway Street Indianapolis, IN Location, Location, Location! This 3-bed 1.5 bath townhouse with nearly 2,000 square feet ...	3 beds \| 2 baths \| 1,942 sq.ft.	$310,000	Airbnb cash on cash: 0.4% Traditional cash on cash: 4.64% Airbnb Rental Income: $1147 Traditional Rental Income: $2002 Airbnb ROI: 0.4% Traditional ROI: 4.64%
5512 Lunsford Drive Indianapolis, IN Welcome to this charming and fully updated 3-bedroom, 1.5-bath home located in desirable F...	3 beds \| 2 baths \| 1,290 sq.ft.	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.79% Airbnb Rental Income: $null Traditional Rental Income: $1621 Airbnb ROI: N/A Traditional ROI: 5.79%
10644 Pintail Lane Indianapolis, IN Welcome to this beautifully maintained 5-bedroom, 3-bath home in the desirable Hunters Cro...	5 beds \| 3 baths \| 2,308 sq.ft.	$360,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.16% Airbnb Rental Income: $null Traditional Rental Income: $2558 Airbnb ROI: N/A Traditional ROI: 6.16%
4242 Saffron Drive Indianapolis, IN Conveniently located near the I-65/Southport Road interchange, this 4-bedroom, 2.5-bath ho...	4 beds \| 3 baths \| 2,042 sq.ft.	$310,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.15% Airbnb Rental Income: $null Traditional Rental Income: $2421 Airbnb ROI: N/A Traditional ROI: 6.15%
11943 Glen Cove Court Indianapolis, IN This attractive property in great condition, offers a blend of comfort and style in a very...	4 beds \| 3 baths \| 2,720 sq.ft.	$382,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.67% Airbnb Rental Income: $null Traditional Rental Income: $2712 Airbnb ROI: N/A Traditional ROI: 5.67%
11612 E 75th Street Indianapolis, IN Welcome to 11612 E 75th Street, a beautifully maintained two-story home located in the des...	3 beds \| 3 baths \| 1,586 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.33% Airbnb Rental Income: $null Traditional Rental Income: $2008 Airbnb ROI: N/A Traditional ROI: 4.33%
9022 W 52nd Street Indianapolis, IN New price! This home had a $550k offer accepted straight out of the gate. While the seller...	4 beds \| 3 baths \| 3,114 sq.ft.	$525,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.74% Airbnb Rental Income: $null Traditional Rental Income: $3017 Airbnb ROI: N/A Traditional ROI: 4.74%
8650 Guilford Avenue Indianapolis, IN Homes like this rarely come on the market - and when they do, they sell fast! This updated...	3 beds \| 2 baths \| 1,737 sq.ft.	$359,900	Airbnb cash on cash: 3.04% Traditional cash on cash: 3.94% Airbnb Rental Income: $2301 Traditional Rental Income: $2033 Airbnb ROI: 3.04% Traditional ROI: 3.94%
5125 Carrollton Avenue Indianapolis, IN A home from your wildest dreams - where cottage charm and timeless character never go out ...	3 beds \| 2 baths \| 2,114 sq.ft.	$340,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 5.29% Airbnb Rental Income: $1408 Traditional Rental Income: $2245 Airbnb ROI: 1.34% Traditional ROI: 5.29%
5221 Moonlight Drive Indianapolis, IN Welcome home to 5221 Moonlight Drive, a thoughtfully maintained ranch in desirable Brendon...	3 beds \| 2 baths \| 1,848 sq.ft.	$285,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 3.81% Airbnb Rental Income: $1111 Traditional Rental Income: $1505 Airbnb ROI: 0.95% Traditional ROI: 3.81%
6063 Morning Dove Drive Indianapolis, IN Fun fact #1: The fear of long words is called hippopotomonstrosesquippedaliophobia. Fun Fa...	4 beds \| 3 baths \| 2,845 sq.ft.	$349,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.36% Airbnb Rental Income: $null Traditional Rental Income: $2682 Airbnb ROI: N/A Traditional ROI: 6.36%
4108 Kalmar Drive Indianapolis, IN Move-in ready! This 3-bedroom, 1-bath home at 4108 Kalmar Drive offers 1,309 sq. ft. of li...	3 beds \| 1 baths \| 1,309 sq.ft.	$167,900	Airbnb cash on cash: 3.94% Traditional cash on cash: 7.22% Airbnb Rental Income: $1339 Traditional Rental Income: $1452 Airbnb ROI: 3.94% Traditional ROI: 7.22%
8520 Hoff Court Indianapolis, IN Tucked away in the quiet area of Fountain Village, this single-family residence is waiting...	3 beds \| 3 baths \| 1,671 sq.ft.	$318,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.79% Airbnb Rental Income: $null Traditional Rental Income: $2036 Airbnb ROI: N/A Traditional ROI: 4.79%
6703 Locust Grove Drive Indianapolis, IN Charming Ranch in Southern Ridge! Explore this home via interactive 3D home tour, complete...	3 beds \| 2 baths \| 1,458 sq.ft.	$275,000	Airbnb cash on cash: 1.57% Traditional cash on cash: 4.93% Airbnb Rental Income: $1331 Traditional Rental Income: $1791 Airbnb ROI: 1.57% Traditional ROI: 4.93%
1652 Spann Avenue Indianapolis, IN 3 bedrooms, 2.5 baths with 2 car garage, covered front porch and a 2nd story deck! Near F...	3 beds \| 3 baths \| 2,304 sq.ft.	$339,900	Airbnb cash on cash: -0.25% Traditional cash on cash: 6.24% Airbnb Rental Income: $815 Traditional Rental Income: $2563 Airbnb ROI: -0.25% Traditional ROI: 6.24%
5108 Chatham Place Indianapolis, IN Welcome to this spacious 3-bedroom, 2 full bath ranch nestled amongst mature trees and a s...	3 beds \| 2 baths \| 1,653 sq.ft.	$260,000	Airbnb cash on cash: 1.22% Traditional cash on cash: 6.55% Airbnb Rental Income: $1111 Traditional Rental Income: $2045 Airbnb ROI: 1.22% Traditional ROI: 6.55%
5825 Dan Patch Drive Indianapolis, IN Nestled in the heart of desirable Farhill Woods, awaits this beautiful 4 bedroom, 2.5 bath...	4 beds \| 3 baths \| 1,757 sq.ft.	$290,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.74% Airbnb Rental Income: $null Traditional Rental Income: $2495 Airbnb ROI: N/A Traditional ROI: 6.74%
1348 W County Line Road Indianapolis, IN Charming Starter Home on a Spacious 1/2 Acre Lot! Well-maintained home offering comfort ...	3 beds \| 2 baths \| 1,004 sq.ft.	$214,900	Airbnb cash on cash: 3.21% Traditional cash on cash: 5.67% Airbnb Rental Income: $1444 Traditional Rental Income: $1515 Airbnb ROI: 3.21% Traditional ROI: 5.67%
7650 Castleton Farms West Drive Indianapolis, IN Price Improvement! $10K Reduction - Now Your Dream Condo at an Unbeatable Value Discove...	2 beds \| 2 baths \| 1,789 sq.ft.	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.57% Airbnb Rental Income: $null Traditional Rental Income: $2013 Airbnb ROI: N/A Traditional ROI: 5.57%
6038 Easy Lane Indianapolis, IN Welcome to this stunning and spacious 4-bedroom, 3.5-bath home with a 3+car garage. This ...	4 beds \| 4 baths \| 3,648 sq.ft.	$460,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 5.8% Airbnb Rental Income: $980 Traditional Rental Income: $3291 Airbnb ROI: -0.38% Traditional ROI: 5.8%
7301 Parklake Place Indianapolis, IN Ready to move 3 Bed 2 Bath ranch in desirable southern dunes neighborhood, Perry township...	3 beds \| 2 baths \| 1,288 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.03% Airbnb Rental Income: $null Traditional Rental Income: $1661 Airbnb ROI: N/A Traditional ROI: 5.03%
1329 Marlowe Avenue Indianapolis, IN Stunning New Construction in the Historic Holy Cross Area Welcome to this beautiful new c...	3 beds \| 5 baths \| 3,134 sq.ft.	$629,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 4.74% Airbnb Rental Income: $815 Traditional Rental Income: $3592 Airbnb ROI: -0.54% Traditional ROI: 4.74%
7011 McLain Drive Indianapolis, IN ***Sellers are willing to offer closing cost assistance with a strong, quick closing offer...	3 beds \| 2 baths \| 2,032 sq.ft.	$310,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.52% Airbnb Rental Income: $null Traditional Rental Income: $2171 Airbnb ROI: N/A Traditional ROI: 5.52%
7383 Poppyseed Drive Indianapolis, IN Immaculately Updated 4-Bedroom Home in McFarland Farms - Perry Township. Welcome to this b...	4 beds \| 3 baths \| 1,910 sq.ft.	$310,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.68% Airbnb Rental Income: $null Traditional Rental Income: $2252 Airbnb ROI: N/A Traditional ROI: 5.68%
7290 E 13th Street Indianapolis, IN Welcome to this charming 2-bedroom, 1-bath brick ranch nestled in a quaint Warren Township...	2 beds \| 1 baths \| 891 sq.ft.	$175,000	Airbnb cash on cash: 2.55% Traditional cash on cash: 5.09% Airbnb Rental Income: $1208 Traditional Rental Income: $1242 Airbnb ROI: 2.55% Traditional ROI: 5.09%

Real Estate investment in Indianapolis, IN

There are 1,600 properties for sale in the city of Indianapolis . The median list price in Indianapolis is $250,500 and the average price per square foot is $135. In November 2025, the average monthly cash on cash return in Indianapolis is 5.00%. The average monthly rental income in Indianapolis is $1,782.

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

There are 1,600 investment properties available for sale in Indianapolis.

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

The ROI for Short-Term is higher than the Long-Term in Indianapolis with average rental income of $973.

Your search for investment property begins and ends here

Investment Property for Sale in Indianapolis, IN

824 E Minnesota Street

Indianapolis, IN

4 beds | 2 baths | 2,122 sq.ft.

$370,000

Airbnb cash on cash: 0.94%

Traditional cash on cash: 5.01%

Airbnb Rental Income: $1253

Traditional Rental Income: $2267

Airbnb ROI: 0.94%

Traditional ROI: 5.01%

2028 Burch Drive

Indianapolis, IN

4 beds | 2 baths | 2,289 sq.ft.

$325,000

Airbnb cash on cash: 2.33%

Traditional cash on cash: 5.93%

Airbnb Rental Income: $1802

Traditional Rental Income: $2413

Airbnb ROI: 2.33%

Traditional ROI: 5.93%

422 W 41st Street

Indianapolis, IN

3 beds | 2 baths | 1,328 sq.ft.

$265,000

Airbnb cash on cash: 2.22%

Traditional cash on cash: 5.02%

Airbnb Rental Income: $1396

Traditional Rental Income: $1674

Airbnb ROI: 2.22%

Traditional ROI: 5.02%

206 N Beville Avenue

Indianapolis, IN

5 beds | 3 baths | 2,850 sq.ft.

$275,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.65%

Airbnb Rental Income: $null

Traditional Rental Income: $2814

Airbnb ROI: N/A

Traditional ROI: 8.65%

17 N Randolph Street

Indianapolis, IN

3 beds | 2 baths | 1,822 sq.ft.

$265,000

Airbnb cash on cash: -0.26%

Traditional cash on cash: 5.95%

Airbnb Rental Income: $815

Traditional Rental Income: $2041

Airbnb ROI: -0.26%

Traditional ROI: 5.95%

2016 N Glenridge Drive

Indianapolis, IN

4 beds | 1 baths | 1,492 sq.ft.

$200,000

Airbnb cash on cash: 2.73%

Traditional cash on cash: 4.01%

Airbnb Rental Income: $1380

Traditional Rental Income: $1205

Airbnb ROI: 2.73%

Traditional ROI: 4.01%

6650 Page Boulevard #402

Indianapolis, IN

3 beds | 3 baths | 2,738 sq.ft.

$550,000

Airbnb cash on cash: -1.33%

Traditional cash on cash: 1.68%

Airbnb Rental Income: $1719

Traditional Rental Income: $2794

Airbnb ROI: -1.33%

Traditional ROI: 1.68%

1444 E Elbert Street

Indianapolis, IN

2 beds | 1 baths | 912 sq.ft.

$190,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.59%

Airbnb Rental Income: $null

Traditional Rental Income: $1193

Airbnb ROI: N/A