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
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: 5.55% Traditional cash on cash: 9.25% Airbnb Rental Income: $2515 Traditional Rental Income: $2814 Airbnb ROI: 5.55% Traditional ROI: 9.25%
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.	$280,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 5.9% Airbnb Rental Income: $1202 Traditional Rental Income: $2076 Airbnb ROI: 1.12% Traditional ROI: 5.9%
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: 0.31% Traditional cash on cash: 4.05% Airbnb Rental Income: $921 Traditional Rental Income: $1193 Airbnb ROI: 0.31% Traditional ROI: 4.05%
373 E Morris Street Indianapolis, IN Lovely home in the heart of Bates Hendricks! This renovated and restored home has a great...	3 beds \| 4 baths \| 2,088 sq.ft.	$342,900	Airbnb cash on cash: -0.14% Traditional cash on cash: 5.54% Airbnb Rental Income: $997 Traditional Rental Income: $2471 Airbnb ROI: -0.14% Traditional ROI: 5.54%
131 E 36th Street Indianapolis, IN Experience historic charm and modern luxury in this stunning 4-bedroom, 2.5-bath home with...	5 beds \| 4 baths \| 3,018 sq.ft.	$425,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 6.24% Airbnb Rental Income: $1751 Traditional Rental Income: $3311 Airbnb ROI: 1.11% Traditional ROI: 6.24%
1413 S New Jersey Street Indianapolis, IN Owner-occupied buyer may be eligible for a grant up to $7500 Here's a super charming 2...	2 beds \| 2 baths \| 882 sq.ft.	$195,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 4.69% Airbnb Rental Income: $863 Traditional Rental Income: $1302 Airbnb ROI: 0.52% Traditional ROI: 4.69%
1529 Kennington Street Indianapolis, IN Welcome to a beautifully renovated 2br/1ba single family home in the Bates Hendricks neigh...	2 beds \| 1 baths \| 780 sq.ft.	$200,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 3.29% Airbnb Rental Income: $863 Traditional Rental Income: $1067 Airbnb ROI: 0.46% Traditional ROI: 3.29%
5260 Cornelius Avenue Indianapolis, IN Located in the highly sought-after Butler-Tarkington neighborhood of Indianapolis, this we...	3 beds \| 2 baths \| 2,576 sq.ft.	$450,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 3.38% Airbnb Rental Income: $1371 Traditional Rental Income: $2296 Airbnb ROI: 0.2% Traditional ROI: 3.38%
9235 Eden Woods Court Indianapolis, IN Spacious 2BR/2.5BA townhome nestled on a large cul-de-sac with views of pond and common ar...	2 beds \| 3 baths \| 1,422 sq.ft.	$239,900	Airbnb cash on cash: 1.8% Traditional cash on cash: 5.76% Airbnb Rental Income: $1377 Traditional Rental Income: $1856 Airbnb ROI: 1.8% Traditional ROI: 5.76%
2305 Radcliffe Avenue Indianapolis, IN Welcome to this Beautiful brick ranch home in Perry Township featuring 3 bedrooms, 2 full ...	3 beds \| 2 baths \| 1,656 sq.ft.	$229,500	Airbnb cash on cash: 0.73% Traditional cash on cash: 7.43% Airbnb Rental Income: $891 Traditional Rental Income: $2009 Airbnb ROI: 0.73% Traditional ROI: 7.43%
545 N Hamilton Avenue Indianapolis, IN Fully renovated and truly move-in ready, this 4-bedroom, 2.5-bath St. Clair home blends ti...	4 beds \| 3 baths \| 2,236 sq.ft.	$350,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 5.65% Airbnb Rental Income: $931 Traditional Rental Income: $2367 Airbnb ROI: 0.23% Traditional ROI: 5.65%
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.	$460,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 4.41% Airbnb Rental Income: $1337 Traditional Rental Income: $2558 Airbnb ROI: 0.62% Traditional ROI: 4.41%
414 Jefferson Avenue Indianapolis, IN Discover charm and modern updates in this beautiful 4 bedroom, 2 bathroom Indianapolis hom...	4 beds \| 2 baths \| 2,209 sq.ft.	$285,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 6.68% Airbnb Rental Income: $931 Traditional Rental Income: $2206 Airbnb ROI: 0.65% Traditional ROI: 6.68%
4251 Woodsage Trace Indianapolis, IN Tucked away in a serene, wooded setting, this end-unit condo offers an exceptional blend o...	2 beds \| 2 baths \| 1,187 sq.ft.	$137,500	Airbnb cash on cash: -4.18% Traditional cash on cash: 4.04% Airbnb Rental Income: $614 Traditional Rental Income: $1408 Airbnb ROI: -4.18% Traditional ROI: 4.04%
1240 W Sumner Avenue Indianapolis, IN Welcome Home! Updated/Move in Ready 4 Bedroom Home on Nice Sized Double Lot; Open Concept ...	4 beds \| 1 baths \| 1,530 sq.ft.	$199,900	Airbnb cash on cash: 1.44% Traditional cash on cash: 5.61% Airbnb Rental Income: $1189 Traditional Rental Income: $1593 Airbnb ROI: 1.44% Traditional ROI: 5.61%
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.	$350,000	Airbnb cash on cash: 1.39% Traditional cash on cash: 4.68% Airbnb Rental Income: $1530 Traditional Rental Income: $2168 Airbnb ROI: 1.39% Traditional ROI: 4.68%
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.	$128,900	Airbnb cash on cash: 2% Traditional cash on cash: 5.17% Airbnb Rental Income: $1402 Traditional Rental Income: $1372 Airbnb ROI: 2% Traditional ROI: 5.17%
8851 Bay Breeze Lane Indianapolis, IN YOUR DREAM HOME AWAITS in Admirals Sound at Geist. This stately, custom-built former Home-...	4 beds \| 5 baths \| 5,156 sq.ft.	$875,000	Airbnb cash on cash: 1% Traditional cash on cash: 4.09% Airbnb Rental Income: $2815 Traditional Rental Income: $4674 Airbnb ROI: 1% Traditional ROI: 4.09%
1619 Marborough Lane Indianapolis, IN Welcome home to this charming and well-maintained condominium in desirable Washington Town...	2 beds \| 2 baths \| 1,152 sq.ft.	$149,000	Airbnb cash on cash: 2.47% Traditional cash on cash: 6.21% Airbnb Rental Income: $1377 Traditional Rental Income: $1492 Airbnb ROI: 2.47% Traditional ROI: 6.21%
6179 Burlington Avenue Indianapolis, IN Adorable bungalow located near Broad Ripple! Home features an updated kitchen and bathroom...	2 beds \| 1 baths \| 1,118 sq.ft.	$294,500	Airbnb cash on cash: 1.32% Traditional cash on cash: 2.88% Airbnb Rental Income: $1317 Traditional Rental Income: $1343 Airbnb ROI: 1.32% Traditional ROI: 2.88%
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.	$395,000	Airbnb cash on cash: -0.53% Traditional cash on cash: 2.46% Airbnb Rental Income: $1869 Traditional Rental Income: $2474 Airbnb ROI: -0.53% Traditional ROI: 2.46%
6525 Emerald Hill Court #206 Indianapolis, IN Maintenance free living at it's best. Nestled at 6525 Emerald Hill Ct Unit 206 in the hea...	2 beds \| 2 baths \| 1,549 sq.ft.	$174,900	Airbnb cash on cash: -1.97% Traditional cash on cash: 6.82% Airbnb Rental Income: $767 Traditional Rental Income: $1914 Airbnb ROI: -1.97% Traditional ROI: 6.82%
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.	$320,000	Airbnb cash on cash: -0.11% Traditional cash on cash: 7.5% Airbnb Rental Income: $845 Traditional Rental Income: $2807 Airbnb ROI: -0.11% Traditional ROI: 7.5%
8079 Lower Bay Lane Indianapolis, IN Welcome to lake life on Geist with a deeded boat dock! This beautifully updated three-stor...	2 beds \| 4 baths \| 2,900 sq.ft.	$514,900	Airbnb cash on cash: -1.27% Traditional cash on cash: 4.62% Airbnb Rental Income: $1203 Traditional Rental Income: $3647 Airbnb ROI: -1.27% Traditional ROI: 4.62%
333 Massachusetts Avenue #305 Indianapolis, IN Unmatched downtown living at the desirable Three Mass Avenue Condos. This light-filled 3rd...	2 beds \| 2 baths \| 2,148 sq.ft.	$649,000	Airbnb cash on cash: -2.04% Traditional cash on cash: 1.04% Airbnb Rental Income: $1039 Traditional Rental Income: $2542 Airbnb ROI: -2.04% Traditional ROI: 1.04%
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: -0.9% Traditional cash on cash: 3.75% Airbnb Rental Income: $857 Traditional Rental Income: $2658 Airbnb ROI: -0.9% Traditional ROI: 3.75%
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.	$440,000	Airbnb cash on cash: -0.42% Traditional cash on cash: 3.63% Airbnb Rental Income: $857 Traditional Rental Income: $2193 Airbnb ROI: -0.42% Traditional ROI: 3.63%
540 Golf Lane Indianapolis, IN What if you could have a sprawling 0.58-acre private haven with NO HOA, while still being ...	4 beds \| 3 baths \| 2,127 sq.ft.	$379,000	Airbnb cash on cash: 2.34% Traditional cash on cash: 6.07% Airbnb Rental Income: $1883 Traditional Rental Income: $2706 Airbnb ROI: 2.34% Traditional ROI: 6.07%
5428 E 10th Street Indianapolis, IN Charming Community Heights Bungalow with In-Law Suite or Income Potential Discover this...	4 beds \| 2 baths \| 1,435 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.82% Airbnb Rental Income: $null Traditional Rental Income: $1979 Airbnb ROI: N/A Traditional ROI: 5.82%
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.	$297,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 7.14% Airbnb Rental Income: $1202 Traditional Rental Income: $2521 Airbnb ROI: 1.03% Traditional ROI: 7.14%
8304 Hunters Meadow Court Indianapolis, IN Discover this thoughtfully updated home in the Meadow Bend neighborhood of Franklin Townsh...	3 beds \| 2 baths \| 1,666 sq.ft.	$347,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 5.01% Airbnb Rental Income: $1530 Traditional Rental Income: $2240 Airbnb ROI: 1.47% Traditional ROI: 5.01%
6046 Easy Lane Indianapolis, IN Rare 4 Bedroom/3 Bath, 3 Car Garage Under $400,000 In Franklin Township. 1st Floor Office ...	4 beds \| 3 baths \| 2,464 sq.ft.	$379,900	Airbnb cash on cash: -0.27% Traditional cash on cash: 5.12% Airbnb Rental Income: $925 Traditional Rental Income: $2503 Airbnb ROI: -0.27% Traditional ROI: 5.12%
6930 Oak Lane Indianapolis, IN Welcome to 6930 Oak Lane in Arden where comfort, functionality, and thoughtful updates com...	3 beds \| 3 baths \| 2,494 sq.ft.	$500,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 4% Airbnb Rental Income: $1338 Traditional Rental Income: $2700 Airbnb ROI: 0.2% Traditional ROI: 4%
5639 Wood Hollow Drive Indianapolis, IN Welcome home to this well-maintained and move-in ready ranch offering an inviting open-con...	3 beds \| 2 baths \| 1,422 sq.ft.	$250,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 4.62% Airbnb Rental Income: $1303 Traditional Rental Income: $1749 Airbnb ROI: 1.01% Traditional ROI: 4.62%
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.	$346,000	Airbnb cash on cash: 1.39% Traditional cash on cash: 6.01% Airbnb Rental Income: $1317 Traditional Rental Income: $2411 Airbnb ROI: 1.39% Traditional ROI: 6.01%
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%
6145 Evanston Avenue Indianapolis, IN Looking for the perfect move-in ready Broad Ripple bungalow? Look no further. This adorabl...	2 beds \| 1 baths \| 1,792 sq.ft.	$320,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 2.61% Airbnb Rental Income: $1317 Traditional Rental Income: $1347 Airbnb ROI: 1.15% Traditional ROI: 2.61%
2809 Amherst Street Indianapolis, IN This home is ready for immediate enjoyment. The kitchen boasts granite countertops, comple...	4 beds \| 3 baths \| 2,016 sq.ft.	$324,000	Airbnb cash on cash: 0.84% Traditional cash on cash: 5.7% Airbnb Rental Income: $1279 Traditional Rental Income: $2360 Airbnb ROI: 0.84% Traditional ROI: 5.7%
9022 Venona Way Indianapolis, IN Meet 9022 Venona Way, recently updated with fresh interior paint and new flooring througho...	4 beds \| 3 baths \| 2,339 sq.ft.	$300,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 6.2% Airbnb Rental Income: $1370 Traditional Rental Income: $2321 Airbnb ROI: 1.36% Traditional ROI: 6.2%
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.	$259,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 8.43% Airbnb Rental Income: $988 Traditional Rental Income: $2563 Airbnb ROI: 0.56% Traditional ROI: 8.43%

Real Estate investment in Indianapolis, IN

There are 1,678 properties for sale in the city of Indianapolis . The median list price in Indianapolis is $272,000 and the average price per square foot is $144. In May 2026, the average monthly cash on cash return in Indianapolis is 4.00%. The average monthly rental income in Indianapolis is $1,756.

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

There are 1,678 investment properties available for sale in Indianapolis.

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

The ROI for Short-Term is higher than the Long-Term in Indianapolis with average rental income of $1,024.

Your search for investment property begins and ends here

Investment Property for Sale in Indianapolis, IN

206 N Beville Avenue

Indianapolis, IN

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

$260,000

Airbnb cash on cash: 5.55%

Traditional cash on cash: 9.25%

Airbnb Rental Income: $2515

Traditional Rental Income: $2814

Airbnb ROI: 5.55%

Traditional ROI: 9.25%

406 Griffin Road

Indianapolis, IN

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

$280,000

Airbnb cash on cash: 1.12%

Traditional cash on cash: 5.9%

Airbnb Rental Income: $1202

Traditional Rental Income: $2076

Airbnb ROI: 1.12%

Traditional ROI: 5.9%

1444 E Elbert Street

Indianapolis, IN

2 beds | 1 baths | 912 sq.ft.

$172,500

Airbnb cash on cash: 0.31%

Traditional cash on cash: 4.05%

Airbnb Rental Income: $921

Traditional Rental Income: $1193

Airbnb ROI: 0.31%

Traditional ROI: 4.05%

373 E Morris Street

Indianapolis, IN

3 beds | 4 baths | 2,088 sq.ft.

$342,900

Airbnb cash on cash: -0.14%

Traditional cash on cash: 5.54%

Airbnb Rental Income: $997

Traditional Rental Income: $2471

Airbnb ROI: -0.14%

Traditional ROI: 5.54%

131 E 36th Street

Indianapolis, IN

5 beds | 4 baths | 3,018 sq.ft.

$425,000

Airbnb cash on cash: 1.11%

Traditional cash on cash: 6.24%

Airbnb Rental Income: $1751

Traditional Rental Income: $3311

Airbnb ROI: 1.11%

Traditional ROI: 6.24%

1413 S New Jersey Street

Indianapolis, IN

2 beds | 2 baths | 882 sq.ft.

$195,000

Airbnb cash on cash: 0.52%

Traditional cash on cash: 4.69%

Airbnb Rental Income: $863

Traditional Rental Income: $1302

Airbnb ROI: 0.52%

Traditional ROI: 4.69%

1529 Kennington Street

Indianapolis, IN

2 beds | 1 baths | 780 sq.ft.

$200,000

Airbnb cash on cash: 0.46%

Traditional cash on cash: 3.29%

Airbnb Rental Income: $863

Traditional Rental Income: $1067

Airbnb ROI: 0.46%

Traditional ROI: 3.29%

5260 Cornelius Avenue

Indianapolis, IN

3 beds | 2 baths | 2,576 sq.ft.

$450,000

Airbnb cash on cash: 0.2%

Traditional cash on cash: 3.38%

Airbnb Rental Income: $1371

Traditional Rental Income: $2296

Airbnb ROI: 0.2%