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
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: 2.59% Traditional cash on cash: 5.01% Airbnb Rental Income: $1941 Traditional Rental Income: $2267 Airbnb ROI: 2.59% Traditional ROI: 5.01%
5633 Newhall Place Indianapolis, IN Nestled at 5633 Newhall PL, INDIANAPOLIS, IN, this single-family residence in Marion Count...	4 beds \| 3 baths \| 2,842 sq.ft.	$360,000	Airbnb cash on cash: 1.94% Traditional cash on cash: 5.9% Airbnb Rental Income: $1765 Traditional Rental Income: $2621 Airbnb ROI: 1.94% Traditional ROI: 5.9%
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.	$285,000	Airbnb cash on cash: 2.02% Traditional cash on cash: 4.6% Airbnb Rental Income: $1402 Traditional Rental Income: $1674 Airbnb ROI: 2.02% Traditional ROI: 4.6%
206 N Beville Avenue Indianapolis, IN Be the first to live in this fully renovated 5 bed 3 bath home nestled near the heart of d...	5 beds \| 3 baths \| 2,850 sq.ft.	$295,000	Airbnb cash on cash: 4.73% Traditional cash on cash: 7.95% Airbnb Rental Income: $2528 Traditional Rental Income: $2814 Airbnb ROI: 4.73% Traditional ROI: 7.95%
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.	$199,900	Airbnb cash on cash: 2.03% Traditional cash on cash: 3.37% Airbnb Rental Income: $1353 Traditional Rental Income: $1193 Airbnb ROI: 2.03% Traditional ROI: 3.37%
350 N Meridian Street #505 Indianapolis, IN Nestled at 350 N Meridian St Unit 505 in the historic Indianapolis Athletic Club Lofts, th...	1 beds \| 2 baths \| 801 sq.ft.	$219,900	Airbnb cash on cash: 1.09% Traditional cash on cash: -0.16% Airbnb Rental Income: $1851 Traditional Rental Income: $1092 Airbnb ROI: 1.09% Traditional ROI: -0.16%
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.	$235,000	Airbnb cash on cash: 3.86% Traditional cash on cash: 3.6% Airbnb Rental Income: $1859 Traditional Rental Income: $1302 Airbnb ROI: 3.86% Traditional ROI: 3.6%
2250 N Capitol Avenue Indianapolis, IN Come check out this amazingly beautiful, very spacious and totally renovated house that wi...	4 beds \| 3 baths \| 2,751 sq.ft.	$449,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 4.01% Airbnb Rental Income: $2133 Traditional Rental Income: $2552 Airbnb ROI: 1.71% Traditional ROI: 4.01%
1009 N Park Avenue Indianapolis, IN Discover unparalleled city living in this sophisticated 2-bedroom, 2.5-bathroom residence,...	2 beds \| 3 baths \| 1,502 sq.ft.	$439,900	Airbnb cash on cash: 1.03% Traditional cash on cash: 3.52% Airbnb Rental Income: $1852 Traditional Rental Income: $2381 Airbnb ROI: 1.03% Traditional ROI: 3.52%
1624 Fletcher Avenue Indianapolis, IN Live your best new era in this quintessential Fountain Square home. The 2 bed/2 full bath ...	2 beds \| 2 baths \| 1,630 sq.ft.	$299,900	Airbnb cash on cash: 2.25% Traditional cash on cash: 4.19% Airbnb Rental Income: $1725 Traditional Rental Income: $1796 Airbnb ROI: 2.25% Traditional ROI: 4.19%
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: 2.9% Traditional cash on cash: 5.23% Airbnb Rental Income: $2065 Traditional Rental Income: $2299 Airbnb ROI: 2.9% 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: -1.23% Traditional cash on cash: 1.55% Airbnb Rental Income: $1852 Traditional Rental Income: $2395 Airbnb ROI: -1.23% 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.	$330,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 4.3% Airbnb Rental Income: $1298 Traditional Rental Income: $2002 Airbnb ROI: 0.73% Traditional ROI: 4.3%
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.	$227,000	Airbnb cash on cash: 4.08% Traditional cash on cash: 5.87% Airbnb Rental Income: $1709 Traditional Rental Income: $1621 Airbnb ROI: 4.08% Traditional ROI: 5.87%
1619 E Bradbury Avenue Indianapolis, IN $10,000 Grant Available for this Property! Welcome Home! 2 Bedroom Bungalow with Basement,...	2 beds \| 1 baths \| 885 sq.ft.	$139,900	Airbnb cash on cash: 6.96% Traditional cash on cash: 6.54% Airbnb Rental Income: $1725 Traditional Rental Income: $1192 Airbnb ROI: 6.96% Traditional ROI: 6.54%
2120 Wynnedale Road Indianapolis, IN Discover this beautifully updated mid-century gem in the heart of Wynnedale! Nestled on a ...	3 beds \| 2 baths \| 1,759 sq.ft.	$400,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 4.73% Airbnb Rental Income: $1402 Traditional Rental Income: $2423 Airbnb ROI: 0.88% Traditional ROI: 4.73%
50 Charing Cross Road Indianapolis, IN Seller is focused on making this move work for you-offering closing cost assistance, repai...	4 beds \| 3 baths \| 2,461 sq.ft.	$348,500	Airbnb cash on cash: 0.96% Traditional cash on cash: 5.23% Airbnb Rental Income: $1334 Traditional Rental Income: $2319 Airbnb ROI: 0.96% Traditional ROI: 5.23%
6249 Emerald Lake Court Indianapolis, IN PRICE REDUCED! Sellers are excited to get this home under contract so they can move on to ...	3 beds \| 2 baths \| 1,376 sq.ft.	$249,900	Airbnb cash on cash: 1.9% Traditional cash on cash: 5.2% Airbnb Rental Income: $1431 Traditional Rental Income: $1781 Airbnb ROI: 1.9% Traditional ROI: 5.2%
11943 Glen Cove Court Indianapolis, IN Tucked away at 11943 Glen Cove CT, INDIANAPOLIS, IN, this single-family residence is ready...	4 beds \| 3 baths \| 2,720 sq.ft.	$400,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 5.37% Airbnb Rental Income: $1654 Traditional Rental Income: $2712 Airbnb ROI: 1.31% Traditional ROI: 5.37%
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: 1.15% Traditional cash on cash: 4.33% Airbnb Rental Income: $1451 Traditional Rental Income: $2008 Airbnb ROI: 1.15% Traditional ROI: 4.33%
9022 W 52nd Street Indianapolis, IN Welcome home to 1.54 acre of peace & privacy! Enjoy wildlife strolling through your backy...	4 beds \| 3 baths \| 3,114 sq.ft.	$550,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 4.48% Airbnb Rental Income: $1209 Traditional Rental Income: $3017 Airbnb ROI: 0.2% Traditional ROI: 4.48%
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: 2.96% Traditional cash on cash: 3.81% Airbnb Rental Income: $1757 Traditional Rental Income: $1505 Airbnb ROI: 2.96% Traditional ROI: 3.81%
6117 Arctic Circle Indianapolis, IN **Back on market due to change of heart from buyer, not anything to do with the home itsel...	3 beds \| 3 baths \| 2,303 sq.ft.	$428,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 4.28% Airbnb Rental Income: $1709 Traditional Rental Income: $2572 Airbnb ROI: 0.95% Traditional ROI: 4.28%
493 E Arch Street Indianapolis, IN Just steps from Bottleworks, Mass Ave, the Cultural Trail, and some of Indy's best restaur...	2 beds \| 2 baths \| 1,120 sq.ft.	$342,500	Airbnb cash on cash: 1.61% Traditional cash on cash: 1.73% Airbnb Rental Income: $1852 Traditional Rental Income: $1391 Airbnb ROI: 1.61% Traditional ROI: 1.73%
1412 Fletcher Avenue Indianapolis, IN Fully Renovated Just a Few Years Ago, You'll Love the Detail, Quality & Feel for this Foun...	2 beds \| 2 baths \| 1,432 sq.ft.	$375,000	Airbnb cash on cash: 2.15% Traditional cash on cash: 5.27% Airbnb Rental Income: $1725 Traditional Rental Income: $2348 Airbnb ROI: 2.15% Traditional ROI: 5.27%
6519 Rothchild Boulevard Indianapolis, IN Welcome to this custom home in the beautiful The Estates of Normandy Farm neighborhood. Th...	4 beds \| 5 baths \| 3,384 sq.ft.	$685,000	Airbnb cash on cash: -0.04% Traditional cash on cash: 5.26% Airbnb Rental Income: $1623 Traditional Rental Income: $4551 Airbnb ROI: -0.04% Traditional ROI: 5.26%
5421 Bay Harbor Drive Indianapolis, IN Don't miss this beautifully renovated 2-bedroom, 2.5-bath condo, thoughtfully designed wit...	2 beds \| 3 baths \| 1,390 sq.ft.	$164,900	Airbnb cash on cash: 4.12% Traditional cash on cash: 7.22% Airbnb Rental Income: $1813 Traditional Rental Income: $1810 Airbnb ROI: 4.12% Traditional ROI: 7.22%
3550 Winings Avenue Indianapolis, IN Step inside this beautifully updated Ranch-Style home featuring 3 spacious bedrooms and 1 ...	3 beds \| 1 baths \| 1,248 sq.ft.	$200,000	Airbnb cash on cash: 3.47% Traditional cash on cash: 5.21% Airbnb Rental Income: $1411 Traditional Rental Income: $1316 Airbnb ROI: 3.47% Traditional ROI: 5.21%
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.	$265,000	Airbnb cash on cash: 3.33% Traditional cash on cash: 6.41% Airbnb Rental Income: $1757 Traditional Rental Income: $2045 Airbnb ROI: 3.33% Traditional ROI: 6.41%
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.	$475,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 5.59% Airbnb Rental Income: $1765 Traditional Rental Income: $3291 Airbnb ROI: 1.07% Traditional ROI: 5.59%
8330 Whitaker Valley Boulevard Indianapolis, IN Back on the market due to no fault of the sellers. This conveniently located home is an at...	3 beds \| 3 baths \| 2,146 sq.ft.	$339,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 5.6% Airbnb Rental Income: $1431 Traditional Rental Income: $2420 Airbnb ROI: 1.15% Traditional ROI: 5.6%
2426 Borgman Court Indianapolis, IN Welcome to 2426 Borgman Ct. You'll find this lovely home tucked in a family friendly cul-d...	3 beds \| 3 baths \| 1,676 sq.ft.	$265,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 6.22% Airbnb Rental Income: $1173 Traditional Rental Income: $2028 Airbnb ROI: 1.26% Traditional ROI: 6.22%
5708 Outer Bank Road Indianapolis, IN Spacious ranch-style home in desirable Wildcat Run, offering a large open floor plan perfe...	4 beds \| 2 baths \| 2,325 sq.ft.	$280,000	Airbnb cash on cash: 2.85% Traditional cash on cash: 4.61% Airbnb Rental Income: $1765 Traditional Rental Income: $1748 Airbnb ROI: 2.85% Traditional ROI: 4.61%
7011 McLain Drive Indianapolis, IN Welcome to this inviting 3-bedroom, 2-bath ranch in Perry Township! The home features an o...	3 beds \| 2 baths \| 2,032 sq.ft.	$329,999	Airbnb cash on cash: 0.94% Traditional cash on cash: 5.13% Airbnb Rental Income: $1269 Traditional Rental Income: $2171 Airbnb ROI: 0.94% Traditional ROI: 5.13%
4134 Bella Court Indianapolis, IN This well-maintained, low-maintenance single-story home in the desirable LaScala Villas co...	2 beds \| 2 baths \| 1,810 sq.ft.	$295,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 4.59% Airbnb Rental Income: $1382 Traditional Rental Income: $1975 Airbnb ROI: 0.94% Traditional ROI: 4.59%
7383 Poppyseed Drive Indianapolis, IN MOTIVATED SELLER!! Don't miss your chance to own this BEAUTIFUL 4 bedroom 2.5 bath home co...	4 beds \| 3 baths \| 1,848 sq.ft.	$319,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 5.48% Airbnb Rental Income: $1126 Traditional Rental Income: $2252 Airbnb ROI: 0.48% Traditional ROI: 5.48%
2349 Cole Wood Circle Indianapolis, IN This charming brick ranch built in 2012 offers the perfect blend of comfort and style nest...	3 beds \| 2 baths \| 1,692 sq.ft.	$255,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 5.62% Airbnb Rental Income: $1411 Traditional Rental Income: $1843 Airbnb ROI: 2.06% Traditional ROI: 5.62%
1037 N Temple Avenue Indianapolis, IN Charming & Fully Renovated! This beautifully updated 3-bed, 1.5-bath home blends historic ...	3 beds \| 2 baths \| 1,156 sq.ft.	$179,900	Airbnb cash on cash: 3.33% Traditional cash on cash: 6.84% Airbnb Rental Income: $1338 Traditional Rental Income: $1526 Airbnb ROI: 3.33% Traditional ROI: 6.84%
4382 Castlebay Way Indianapolis, IN Welcome to this amazing home in Pike Township! This exquisite 3-bedroom, 2.5-bath residenc...	3 beds \| 3 baths \| 1,794 sq.ft.	$239,900	Airbnb cash on cash: 2.09% Traditional cash on cash: 7.34% Airbnb Rental Income: $1307 Traditional Rental Income: $2091 Airbnb ROI: 2.09% Traditional ROI: 7.34%
931 Maynard Drive Indianapolis, IN Charming Ranch with Massive Backyard - Move-In Ready! Welcome to 931 Maynard Dr - a beaut...	3 beds \| 2 baths \| 1,326 sq.ft.	$269,900	Airbnb cash on cash: 2.29% Traditional cash on cash: 5.16% Airbnb Rental Income: $1439 Traditional Rental Income: $1740 Airbnb ROI: 2.29% Traditional ROI: 5.16%

Real Estate investment in Indianapolis, IN

There are 1,537 properties for sale in the city of Indianapolis . The median list price in Indianapolis is $260,000 and the average price per square foot is $139. In September 2025, the average monthly cash on cash return in Indianapolis is 5.00%. The average monthly rental income in Indianapolis is $1,786.

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

There are 1,537 investment properties available for sale in Indianapolis.

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

The ROI for Long-Term is higher than the Short-Term in Indianapolis with average rental income of $1,786.

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: 2.59%

Traditional cash on cash: 5.01%

Airbnb Rental Income: $1941

Traditional Rental Income: $2267

Airbnb ROI: 2.59%

Traditional ROI: 5.01%

5633 Newhall Place

Indianapolis, IN

4 beds | 3 baths | 2,842 sq.ft.

$360,000

Airbnb cash on cash: 1.94%

Traditional cash on cash: 5.9%

Airbnb Rental Income: $1765

Traditional Rental Income: $2621

Airbnb ROI: 1.94%

Traditional ROI: 5.9%

422 W 41st Street

Indianapolis, IN

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

$285,000

Airbnb cash on cash: 2.02%

Traditional cash on cash: 4.6%

Airbnb Rental Income: $1402

Traditional Rental Income: $1674

Airbnb ROI: 2.02%

Traditional ROI: 4.6%

206 N Beville Avenue

Indianapolis, IN

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

$295,000

Airbnb cash on cash: 4.73%

Traditional cash on cash: 7.95%

Airbnb Rental Income: $2528

Traditional Rental Income: $2814

Airbnb ROI: 4.73%

Traditional ROI: 7.95%

1444 E Elbert Street

Indianapolis, IN

2 beds | 1 baths | 912 sq.ft.

$199,900

Airbnb cash on cash: 2.03%

Traditional cash on cash: 3.37%

Airbnb Rental Income: $1353

Traditional Rental Income: $1193

Airbnb ROI: 2.03%

Traditional ROI: 3.37%

350 N Meridian Street #505

Indianapolis, IN

1 beds | 2 baths | 801 sq.ft.

$219,900

Airbnb cash on cash: 1.09%

Traditional cash on cash: -0.16%

Airbnb Rental Income: $1851

Traditional Rental Income: $1092

Airbnb ROI: 1.09%

Traditional ROI: -0.16%

1413 S New Jersey Street

Indianapolis, IN

2 beds | 2 baths | 882 sq.ft.

$235,000

Airbnb cash on cash: 3.86%

Traditional cash on cash: 3.6%

Airbnb Rental Income: $1859

Traditional Rental Income: $1302

Airbnb ROI: 3.86%

Traditional ROI: 3.6%

2250 N Capitol Avenue

Indianapolis, IN

4 beds | 3 baths | 2,751 sq.ft.

$449,000

Airbnb cash on cash: 1.71%

Traditional cash on cash: 4.01%

Airbnb Rental Income: $2133

Traditional Rental Income: $2552

Airbnb ROI: 1.71%