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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5148 N Park Avenue Indianapolis, IN Welcome to 5148 N Park Avenue in Meridian Kessler! This fantastic, recently renovated 4 be...	4 beds \| 3 baths \| 2,672 sq.ft.	$799,900	Airbnb cash on cash: 0.94% Traditional cash on cash: 1.8% Airbnb Rental Income: $2833 Traditional Rental Income: $2810 Airbnb ROI: 0.94% Traditional ROI: 1.8%
8078 Windham Lake Way Indianapolis, IN Updated 3-bedroom condo with one of the largest floorplans in the Windham Lake complex. Ne...	3 beds \| 3 baths \| 1,816 sq.ft.	$229,900	Airbnb cash on cash: 2.37% Traditional cash on cash: 5.62% Airbnb Rental Income: $1677 Traditional Rental Income: $1916 Airbnb ROI: 2.37% Traditional ROI: 5.62%
365 E Morris Street Indianapolis, IN On the North edge of wonderful Bates Hendricks neighborhood you will find a completely reh...	N/A beds \| N/A baths \| N/A	$447,500	Airbnb cash on cash: -0.33% Traditional cash on cash: 7.13% Airbnb Rental Income: $909 Traditional Rental Income: $3698 Airbnb ROI: -0.33% Traditional ROI: 7.13%
206 N Beville Avenue Indianapolis, IN Fully renovated inside and out, this beautifully updated 5 bedroom 3 bath home is located ...	5 beds \| 3 baths \| 2,850 sq.ft.	$260,000	Airbnb cash on cash: 7.95% Traditional cash on cash: 9.25% Airbnb Rental Income: $3222 Traditional Rental Income: $2814 Airbnb ROI: 7.95% Traditional ROI: 9.25%
404 N Grant Avenue Indianapolis, IN Welcome to this beautiful fully remodeled house. From the moment you arrive, you'll apprec...	4 beds \| 2 baths \| 1,508 sq.ft.	$214,900	Airbnb cash on cash: 2.99% Traditional cash on cash: 3.88% Airbnb Rental Income: $1520 Traditional Rental Income: $1257 Airbnb ROI: 2.99% Traditional ROI: 3.88%
406 Griffin Road Indianapolis, IN Beautiful, well-maintained home in desirable Perry Township that won't last long! Recent u...	3 beds \| 2 baths \| 1,762 sq.ft.	$270,000	Airbnb cash on cash: 2.5% Traditional cash on cash: 6.15% Airbnb Rental Income: $1603 Traditional Rental Income: $2076 Airbnb ROI: 2.5% Traditional ROI: 6.15%
1444 E Elbert Street Indianapolis, IN Discover the perfect blend of charm and convenience at 1444 E Elbert Street. This inviting...	2 beds \| 1 baths \| 912 sq.ft.	$172,500	Airbnb cash on cash: 1.04% Traditional cash on cash: 4.05% Airbnb Rental Income: $1066 Traditional Rental Income: $1193 Airbnb ROI: 1.04% Traditional ROI: 4.05%
435 Virginia Avenue #506 Indianapolis, IN Welcome to Villagio at Page Pointe in sought after Fletcher Place: where city living meets...	3 beds \| 2 baths \| 1,814 sq.ft.	$545,000	Airbnb cash on cash: -2.07% Traditional cash on cash: -0.36% Airbnb Rental Income: $1574 Traditional Rental Income: $1996 Airbnb ROI: -2.07% Traditional ROI: -0.36%
1529 Kennington Street Indianapolis, IN Experience this beautifully renovated 2br/1ba single family home in the Bates Hendricks ne...	2 beds \| 1 baths \| 780 sq.ft.	$200,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 3.29% Airbnb Rental Income: $1148 Traditional Rental Income: $1067 Airbnb ROI: 1.71% Traditional ROI: 3.29%
838 N Emerson Avenue Indianapolis, IN Welcome to 838 N Emerson Ave! This 3-bedroom, 1-bath single-story home sits on a 6,534 sq ...	3 beds \| 1 baths \| 1,200 sq.ft.	$194,900	Airbnb cash on cash: 2.45% Traditional cash on cash: 4.2% Airbnb Rental Income: $1291 Traditional Rental Income: $1211 Airbnb ROI: 2.45% Traditional ROI: 4.2%
1111 E 10th Street Indianapolis, IN WOW! Experience Sophisticated Urban Living in this stunning Townhome with a Private ROOFTO...	3 beds \| 4 baths \| 2,440 sq.ft.	$675,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 2.16% Airbnb Rental Income: $1616 Traditional Rental Income: $2726 Airbnb ROI: -0.33% Traditional ROI: 2.16%
3868 Ruckle Street Indianapolis, IN This beautifully updated 1911 home blends timeless character with thoughtful modern update...	3 beds \| 3 baths \| 2,074 sq.ft.	$449,900	Airbnb cash on cash: 1.56% Traditional cash on cash: 4.53% Airbnb Rental Income: $1793 Traditional Rental Income: $2558 Airbnb ROI: 1.56% Traditional ROI: 4.53%
4935 W Legrande Avenue Indianapolis, IN Come and check out this 2-bed/1 bath located on 2 lots in Drexel Gardens. The home has a f...	2 beds \| 1 baths \| 1,034 sq.ft.	$110,000	Airbnb cash on cash: 6.54% Traditional cash on cash: 8.56% Airbnb Rental Income: $1317 Traditional Rental Income: $1124 Airbnb ROI: 6.54% Traditional ROI: 8.56%
4251 Woodsage Trace Indianapolis, IN SELLER IS OFFERING $2,000 TO BUYERS for buyer's closing costs to purchase this end-unit co...	2 beds \| 2 baths \| 1,187 sq.ft.	$130,000	Airbnb cash on cash: -1.74% Traditional cash on cash: 4.32% Airbnb Rental Income: $1006 Traditional Rental Income: $1408 Airbnb ROI: -1.74% Traditional ROI: 4.32%
9019 Panorama Court Indianapolis, IN Welcome home to this beautifully updated ranch in the Avon/West Indianapolis area, conveni...	3 beds \| 1 baths \| 1,097 sq.ft.	$240,000	Airbnb cash on cash: 2.41% Traditional cash on cash: 4.46% Airbnb Rental Income: $1423 Traditional Rental Income: $1462 Airbnb ROI: 2.41% Traditional ROI: 4.46%
5911 Edelle Drive Indianapolis, IN Explore versatility and comfort in this Franklin Township ranch home! With a loft space th...	3 beds \| 2 baths \| 1,997 sq.ft.	$349,000	Airbnb cash on cash: 1.73% Traditional cash on cash: 4.7% Airbnb Rental Income: $1661 Traditional Rental Income: $2168 Airbnb ROI: 1.73% Traditional ROI: 4.7%
1306 Tishman Lane Indianapolis, IN Charming 2-bedroom, 1.5-bath condo offering comfortable, low-maintenance living. This well...	2 beds \| 2 baths \| 1,216 sq.ft.	$125,900	Airbnb cash on cash: 2.13% Traditional cash on cash: 5.31% Airbnb Rental Income: $1411 Traditional Rental Income: $1372 Airbnb ROI: 2.13% Traditional ROI: 5.31%
1709 N Talbott Street Indianapolis, IN Welcome to this beautifully updated three-level home located in the heart of the highly so...	3 beds \| 3 baths \| 2,211 sq.ft.	$415,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 5.05% Airbnb Rental Income: $1178 Traditional Rental Income: $2454 Airbnb ROI: 0.78% Traditional ROI: 5.05%
7514 Iron Horse Lane Indianapolis, IN Welcome home to this inviting 3-bedroom, 2-bath ranch that perfectly blends comfort, updat...	3 beds \| 2 baths \| 1,351 sq.ft.	$280,000	Airbnb cash on cash: 3.33% Traditional cash on cash: 4.5% Airbnb Rental Income: $1859 Traditional Rental Income: $1669 Airbnb ROI: 3.33% Traditional ROI: 4.5%
1134 N Elder Avenue Indianapolis, IN This 3 bedroom / 1 bathroom home is ready for the new owner! Currently rented through 6/30...	3 beds \| 1 baths \| 1,104 sq.ft.	$95,000	Airbnb cash on cash: 9.82% Traditional cash on cash: 11.23% Airbnb Rental Income: $1584 Traditional Rental Income: $1262 Airbnb ROI: 9.82% Traditional ROI: 11.23%
6623 E 10th Street Indianapolis, IN Imagine a limestone ranch in sought-after Warren Park, perched on a hill with a sweeping l...	3 beds \| 3 baths \| 3,438 sq.ft.	$339,900	Airbnb cash on cash: 0.92% Traditional cash on cash: 5.35% Airbnb Rental Income: $1339 Traditional Rental Income: $2341 Airbnb ROI: 0.92% Traditional ROI: 5.35%
219 S Walcott Street Indianapolis, IN This updated 2-bedroom, 1-bathroom home at 219 S Walcott St offers a premier turn-key oppo...	2 beds \| 1 baths \| 958 sq.ft.	$170,000	Airbnb cash on cash: 3.79% Traditional cash on cash: 4.3% Airbnb Rental Income: $1320 Traditional Rental Income: $995 Airbnb ROI: 3.79% Traditional ROI: 4.3%
3627 N Capitol Avenue Indianapolis, IN At 3627 N Capitol AVE, INDIANAPOLIS, IN, discover a single-family residence constructed in...	2 beds \| 1 baths \| 1,344 sq.ft.	$158,900	Airbnb cash on cash: 2.05% Traditional cash on cash: 6.52% Airbnb Rental Income: $995 Traditional Rental Income: $1319 Airbnb ROI: 2.05% Traditional ROI: 6.52%
5263 Windridge Drive Indianapolis, IN Discover sophisticated easy living at 5263 Windridge DR, INDIANAPOLIS, IN. Built in 1986, ...	4 beds \| 3 baths \| 3,600 sq.ft.	$360,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 2.79% Airbnb Rental Income: $2455 Traditional Rental Income: $2474 Airbnb ROI: 0.96% Traditional ROI: 2.79%
5317 Glen Stewart Way Indianapolis, IN Discover your dream home just blocks from the scenic Eagle Creek Reservoir. This stunning,...	4 beds \| 3 baths \| 3,827 sq.ft.	$450,000	Airbnb cash on cash: 2.05% Traditional cash on cash: 3.69% Airbnb Rental Income: $2515 Traditional Rental Income: $2596 Airbnb ROI: 2.05% Traditional ROI: 3.69%
6525 Emerald Hill Court #206 Indianapolis, IN Maintenance free living at it's best. Nestled at 6525 Emerald Hill Ct Unit 206 in the hear...	2 beds \| 2 baths \| 1,549 sq.ft.	$164,900	Airbnb cash on cash: -0.13% Traditional cash on cash: 7.33% Airbnb Rental Income: $1115 Traditional Rental Income: $1914 Airbnb ROI: -0.13% Traditional ROI: 7.33%
7805 N Alton Avenue Indianapolis, IN Discover refined living at 7805 N Alton Ave, Indianapolis. Nestled on a spacious .55-acre ...	3 beds \| 3 baths \| 2,827 sq.ft.	$299,500	Airbnb cash on cash: 0.34% Traditional cash on cash: 8.07% Airbnb Rental Income: $977 Traditional Rental Income: $2807 Airbnb ROI: 0.34% Traditional ROI: 8.07%
333 Massachusetts Avenue #305 Indianapolis, IN Welcome to Three Mass Avenue, where luxury, convenience, and the energy of downtown Indian...	2 beds \| 2 baths \| 2,026 sq.ft.	$625,000	Airbnb cash on cash: -1.49% Traditional cash on cash: 1.12% Airbnb Rental Income: $1450 Traditional Rental Income: $2542 Airbnb ROI: -1.49% Traditional ROI: 1.12%
1528 Central Avenue Indianapolis, IN Welcome to 1528 Central Ave, a property that exudes elegance and sophistication. The kitch...	3 beds \| 3 baths \| 2,865 sq.ft.	$490,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 3.75% Airbnb Rental Income: $1178 Traditional Rental Income: $2658 Airbnb ROI: -0.32% Traditional ROI: 3.75%
2709 Napoleon Street Indianapolis, IN Welcome to your new home, a charming bungalow tucked away on a quiet street in Garfield Pa...	2 beds \| 1 baths \| 1,067 sq.ft.	$215,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 3.77% Airbnb Rental Income: $863 Traditional Rental Income: $1188 Airbnb ROI: 0.54% Traditional ROI: 3.77%
2606 N Delaware Street Indianapolis, IN An enduring appeal emanates from 2606 N Delaware ST in INDIANAPOLIS, IN, USA, a single fam...	3 beds \| 2 baths \| 2,900 sq.ft.	$420,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 3.85% Airbnb Rental Income: $1178 Traditional Rental Income: $2193 Airbnb ROI: 0.29% Traditional ROI: 3.85%
4110 N Park Avenue Indianapolis, IN You will not be disappointed in this wonderful Arts and Crafts style home, built in 1915, ...	3 beds \| 3 baths \| 2,506 sq.ft.	$475,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 4.2% Airbnb Rental Income: $1793 Traditional Rental Income: $2703 Airbnb ROI: 1.06% Traditional ROI: 4.2%
7209 Shelby Street Indianapolis, IN Move in ready! This charming ranch on almost 1/2 acre. This 3-bedroom, 2.5 bath home will ...	3 beds \| 3 baths \| 1,973 sq.ft.	$285,000	Airbnb cash on cash: 2.35% Traditional cash on cash: 7.47% Airbnb Rental Income: $1603 Traditional Rental Income: $2521 Airbnb ROI: 2.35% Traditional ROI: 7.47%
4451 Ringstead Way Indianapolis, IN Welcome to 4451 Ringstead Way, a spacious two story home with great curb appeal, a covered...	3 beds \| 3 baths \| 1,983 sq.ft.	$250,000	Airbnb cash on cash: 1.63% Traditional cash on cash: 7.25% Airbnb Rental Income: $1232 Traditional Rental Income: $2165 Airbnb ROI: 1.63% Traditional ROI: 7.25%
8304 Hunters Meadow Court Indianapolis, IN Welcome to this outstanding Ranch Home with a Bonus Room in Meadow Bend. The spacious uppe...	3 beds \| 2 baths \| 2,410 sq.ft.	$345,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 5.04% Airbnb Rental Income: $1661 Traditional Rental Income: $2240 Airbnb ROI: 1.82% Traditional ROI: 5.04%
8332 Welder Place Indianapolis, IN Move-in ready and priced to sell! Beautifully maintained 3BR/2.5BA home in Greenbrooke off...	3 beds \| 3 baths \| 2,056 sq.ft.	$336,000	Airbnb cash on cash: 2.69% Traditional cash on cash: 6.22% Airbnb Rental Income: $1785 Traditional Rental Income: $2411 Airbnb ROI: 2.69% Traditional ROI: 6.22%
7718 Ashtree Drive Indianapolis, IN You've finally found the perfect multi-generational home with space, comfort, and luxury f...	5 beds \| 5 baths \| 5,366 sq.ft.	$789,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.52% Airbnb Rental Income: $null Traditional Rental Income: $5279 Airbnb ROI: N/A Traditional ROI: 5.52%
5327 Twin Bridge Boulevard Indianapolis, IN Welcome to 5327 Twin Bridge Boulevard! This well maintained 4-bedroom 2-bathroom home feat...	4 beds \| 2 baths \| 1,912 sq.ft.	$299,900	Airbnb cash on cash: 1.93% Traditional cash on cash: 6.45% Airbnb Rental Income: $1503 Traditional Rental Income: $2340 Airbnb ROI: 1.93% Traditional ROI: 6.45%
616 Midnight Court Indianapolis, IN A nature lovers home nestled in a cul-de-sac with a creek behind the fully fenced yard. Di...	4 beds \| 3 baths \| 2,726 sq.ft.	$324,000	Airbnb cash on cash: 2.59% Traditional cash on cash: 6.95% Airbnb Rental Income: $1859 Traditional Rental Income: $2689 Airbnb ROI: 2.59% Traditional ROI: 6.95%
5202 Flintstone Drive Indianapolis, IN Welcome to 5202 Flintstone Dr., a beautifully updated 3-bedroom, 2-bath brick ranch offeri...	3 beds \| 2 baths \| 1,606 sq.ft.	$324,900	Airbnb cash on cash: 2.14% Traditional cash on cash: 4.12% Airbnb Rental Income: $1673 Traditional Rental Income: $1810 Airbnb ROI: 2.14% Traditional ROI: 4.12%

Real Estate investment in Indianapolis, IN

There are 1,586 properties for sale in the city of Indianapolis . The median list price in Indianapolis is $254,847 and the average price per square foot is $135. In July 2026, the average monthly cash on cash return in Indianapolis is 4.00%. The average monthly rental income in Indianapolis is $1,592.

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

There are 1,586 investment properties available for sale in Indianapolis.

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

The ROI for Long-Term is higher than the Short-Term in Indianapolis with average rental income of $1,592.

Your search for investment property begins and ends here

Investment Property for Sale in Indianapolis, IN

5148 N Park Avenue

Indianapolis, IN

4 beds | 3 baths | 2,672 sq.ft.

$799,900

Airbnb cash on cash: 0.94%

Traditional cash on cash: 1.8%

Airbnb Rental Income: $2833

Traditional Rental Income: $2810

Airbnb ROI: 0.94%

Traditional ROI: 1.8%

8078 Windham Lake Way

Indianapolis, IN

3 beds | 3 baths | 1,816 sq.ft.

$229,900

Airbnb cash on cash: 2.37%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $1677

Traditional Rental Income: $1916

Airbnb ROI: 2.37%

Traditional ROI: 5.62%

365 E Morris Street

Indianapolis, IN

N/A beds | N/A baths | N/A

$447,500

Airbnb cash on cash: -0.33%

Traditional cash on cash: 7.13%

Airbnb Rental Income: $909

Traditional Rental Income: $3698

Airbnb ROI: -0.33%

Traditional ROI: 7.13%

206 N Beville Avenue

Indianapolis, IN

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

$260,000

Airbnb cash on cash: 7.95%

Traditional cash on cash: 9.25%

Airbnb Rental Income: $3222

Traditional Rental Income: $2814

Airbnb ROI: 7.95%

Traditional ROI: 9.25%

404 N Grant Avenue

Indianapolis, IN

4 beds | 2 baths | 1,508 sq.ft.

$214,900

Airbnb cash on cash: 2.99%

Traditional cash on cash: 3.88%

Airbnb Rental Income: $1520

Traditional Rental Income: $1257

Airbnb ROI: 2.99%

Traditional ROI: 3.88%

406 Griffin Road

Indianapolis, IN

3 beds | 2 baths | 1,762 sq.ft.

$270,000

Airbnb cash on cash: 2.5%

Traditional cash on cash: 6.15%

Airbnb Rental Income: $1603

Traditional Rental Income: $2076

Airbnb ROI: 2.5%

Traditional ROI: 6.15%

1444 E Elbert Street

Indianapolis, IN

2 beds | 1 baths | 912 sq.ft.

$172,500

Airbnb cash on cash: 1.04%

Traditional cash on cash: 4.05%

Airbnb Rental Income: $1066

Traditional Rental Income: $1193

Airbnb ROI: 1.04%

Traditional ROI: 4.05%

435 Virginia Avenue #506

Indianapolis, IN

3 beds | 2 baths | 1,814 sq.ft.

$545,000

Airbnb cash on cash: -2.07%

Traditional cash on cash: -0.36%

Airbnb Rental Income: $1574

Traditional Rental Income: $1996

Airbnb ROI: -2.07%