Real Estate Investments for Sale in Indianapolis, IN With High ROI

Are you looking for a vacation rental in Indianapolis, IN? Look no further! We have a wide variety of vacation available for sale, including beachfront condos, mountain single-family homes, townhouses, vacation homes and everything in between.

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
2629 S Capitol Avenue Indianapolis, IN Charming ranch-style home featuring 3 bedrooms and 1.5 bathrooms that have been completely...	3 beds \| 2 baths \| 1,104 sq.ft.	$169,000	Airbnb cash on cash: 9.6% Traditional cash on cash: 8.73% Airbnb Rental Income: $2408 Traditional Rental Income: $1677 Airbnb ROI: 9.6% Traditional ROI: 8.73%
4001 Broadway Street Indianapolis, IN Wow, This is the home you've been waiting for. Light, bright and open. Updates too numer...	3 beds \| 2 baths \| 1,458 sq.ft.	$230,000	Airbnb cash on cash: 7.54% Traditional cash on cash: 6.98% Airbnb Rental Income: $2788 Traditional Rental Income: $2014 Airbnb ROI: 7.54% Traditional ROI: 6.98%
1805 E 44th Street Indianapolis, IN This is the charming & vibrant ranch home in South Broadripple that you have been waiting ...	2 beds \| 1 baths \| 792 sq.ft.	$153,900	Airbnb cash on cash: 8.06% Traditional cash on cash: 5.48% Airbnb Rental Income: $2037 Traditional Rental Income: $1129 Airbnb ROI: 8.06% Traditional ROI: 5.48%
4360 Kingsley Drive Indianapolis, IN Welcome to the coziest dream home Near South Broad Ripple! This charming property boasts a...	3 beds \| 2 baths \| 976 sq.ft.	$214,900	Airbnb cash on cash: 8.4% Traditional cash on cash: 5.19% Airbnb Rental Income: $2840 Traditional Rental Income: $1524 Airbnb ROI: 8.4% Traditional ROI: 5.19%
522 E Minnesota Street Indianapolis, IN Step into luxury and comfort with this stunning 3 - bedroom, 3 - bathroom home with an add...	3 beds \| 3 baths \| 1,872 sq.ft.	$375,000	Airbnb cash on cash: 3.64% Traditional cash on cash: 4.14% Airbnb Rental Income: $2436 Traditional Rental Income: $2014 Airbnb ROI: 3.64% Traditional ROI: 4.14%
602 E New York Street Indianapolis, IN This great home is located in Lockerbie square and boasts just a quick 10 minute walk to a...	3 beds \| 4 baths \| 1,984 sq.ft.	$525,000	Airbnb cash on cash: 1.58% Traditional cash on cash: 3.73% Airbnb Rental Income: $2762 Traditional Rental Income: $3172 Airbnb ROI: 1.58% Traditional ROI: 3.73%
414 E 17th Street Indianapolis, IN Stunning home located in one of Indy's most desirable neighborhoods, this updated home wit...	4 beds \| 3 baths \| 3,425 sq.ft.	$479,000	Airbnb cash on cash: 5.67% Traditional cash on cash: 4.61% Airbnb Rental Income: $4381 Traditional Rental Income: $2985 Airbnb ROI: 5.67% Traditional ROI: 4.61%
2441 N Alabama Street Indianapolis, IN Experience the allure of this enchanting bungalow in Fall Creek Place. With its vaulted ce...	3 beds \| 2 baths \| 1,179 sq.ft.	$339,900	Airbnb cash on cash: 3.74% Traditional cash on cash: 3.03% Airbnb Rental Income: $2478 Traditional Rental Income: $1648 Airbnb ROI: 3.74% Traditional ROI: 3.03%
10544 Moqui Court Indianapolis, IN Check out this Far Eastside ranch home! Newer vinyl plank flooring in all rooms. Stainless...	3 beds \| 2 baths \| 1,292 sq.ft.	$184,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.79% Airbnb Rental Income: $null Traditional Rental Income: $1517 Airbnb ROI: N/A Traditional ROI: 6.79%
4415 Courtfield Drive Indianapolis, IN Check out this four bedroom, 2.5 bathroom home in Pike Township schools! The house feature...	4 beds \| 3 baths \| 2,044 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.13% Airbnb Rental Income: $null Traditional Rental Income: $2020 Airbnb ROI: N/A Traditional ROI: 7.13%
5705 Rosemont Court Indianapolis, IN Welcome home to this charming property featuring a cozy fireplace in the living room, crea...	3 beds \| 2 baths \| 1,094 sq.ft.	$250,000	Airbnb cash on cash: 2.94% Traditional cash on cash: 5.51% Airbnb Rental Income: $1648 Traditional Rental Income: $1792 Airbnb ROI: 2.94% Traditional ROI: 5.51%
1621 E Legrande Avenue Indianapolis, IN Great opportunity to own a remodeled home in a great location! 5 minutes from downtown and...	3 beds \| 2 baths \| 1,260 sq.ft.	$259,900	Airbnb cash on cash: 6.61% Traditional cash on cash: 4.88% Airbnb Rental Income: $2648 Traditional Rental Income: $1595 Airbnb ROI: 6.61% Traditional ROI: 4.88%
6440 W Washington Street Indianapolis, IN Move right into this charming 3 bedroom, 1 bath bungalow with a basement, located within m...	3 beds \| 1 baths \| 1,137 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.41% Airbnb Rental Income: $null Traditional Rental Income: $1475 Airbnb ROI: N/A Traditional ROI: 6.41%
5809 Birtz Road Indianapolis, IN Welcome to Lawrence Village, a hidden oasis in Fort Ben. This serene single-family residen...	3 beds \| 3 baths \| 2,104 sq.ft.	$390,000	Airbnb cash on cash: N/A Traditional cash on cash: 4% Airbnb Rental Income: $null Traditional Rental Income: $2277 Airbnb ROI: N/A Traditional ROI: 4%
5230 Cheryl Lane Indianapolis, IN Check out this cute brick ranch in Warren Township schools! The house features newer paint...	3 beds \| 1 baths \| 1,225 sq.ft.	$149,000	Airbnb cash on cash: 5.28% Traditional cash on cash: 7.11% Airbnb Rental Income: $1598 Traditional Rental Income: $1404 Airbnb ROI: 5.28% Traditional ROI: 7.11%
1416 Fletcher Avenue Indianapolis, IN What a unique opportunity! This beautifully restored duplex situated in the heart of Fount...	4 beds \| 2 baths \| 1,090 sq.ft.	$439,900	Airbnb cash on cash: 5.65% Traditional cash on cash: 2.59% Airbnb Rental Income: $3767 Traditional Rental Income: $1692 Airbnb ROI: 5.65% Traditional ROI: 2.59%
1431 E Pleasant Run Parkway South Drive Indianapolis, IN Welcome to This Fully Remodeled 3-Bed, 1-Bath Gem Near Fountain Square! Waterproof Luxury ...	3 beds \| 1 baths \| 925 sq.ft.	$270,000	Airbnb cash on cash: 6.44% Traditional cash on cash: 3.5% Airbnb Rental Income: $2648 Traditional Rental Income: $1268 Airbnb ROI: 6.44% Traditional ROI: 3.5%
6923 Hardwood Drive Indianapolis, IN Welcome to this beautiful 3 bed 2 bath trilevel complete with 3 living areas including an ...	3 beds \| 2 baths \| 1,840 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.73% Airbnb Rental Income: $null Traditional Rental Income: $1824 Airbnb ROI: N/A Traditional ROI: 4.73%
7684 Harbour Isle Indianapolis, IN Experience the epitome of a maintenance-free lifestyle in this charming water front condo....	2 beds \| 1 baths \| 890 sq.ft.	$200,000	Airbnb cash on cash: 8.92% Traditional cash on cash: 2.17% Airbnb Rental Income: $3135 Traditional Rental Income: $1142 Airbnb ROI: 8.92% Traditional ROI: 2.17%
2208 Tansel Forge Drive Indianapolis, IN Welcome to 2208 Tansel Forge! This charming home is all about cozy comfort and easy living...	3 beds \| 1 baths \| 1,016 sq.ft.	$225,000	Airbnb cash on cash: 4.67% Traditional cash on cash: 4.09% Airbnb Rental Income: $2062 Traditional Rental Income: $1407 Airbnb ROI: 4.67% Traditional ROI: 4.09%
6236 Emerald Springs Drive Indianapolis, IN Immaculate 1 owner home built in 2017 has 3 bedrooms, 2 bathrooms and fully privacy fenced...	3 beds \| 2 baths \| 1,356 sq.ft.	$249,900	Airbnb cash on cash: 9% Traditional cash on cash: 4.51% Airbnb Rental Income: $3442 Traditional Rental Income: $1618 Airbnb ROI: 9% Traditional ROI: 4.51%
7360 N Irvington Avenue Indianapolis, IN Welcome to this beautifully updated, well-maintained, Cape Cod style 3 bed 2.5 bath home, ...	3 beds \| 3 baths \| 2,607 sq.ft.	$430,000	Airbnb cash on cash: 4.18% Traditional cash on cash: 3.48% Airbnb Rental Income: $3085 Traditional Rental Income: $2097 Airbnb ROI: 4.18% Traditional ROI: 3.48%
7055 Steinmeier Drive W Indianapolis, IN Experience the allure of Steinmeier Village. This spacious 3-bed, 2-bath home features an ...	3 beds \| 2 baths \| 1,938 sq.ft.	$329,900	Airbnb cash on cash: 4.63% Traditional cash on cash: 4.5% Airbnb Rental Income: $3085 Traditional Rental Income: $2343 Airbnb ROI: 4.63% Traditional ROI: 4.5%
7851 Valley Trace Lane Indianapolis, IN Welcome Home to this updated charmer. Located on a corner lot, this home has all of the up...	4 beds \| 3 baths \| 2,332 sq.ft.	$325,000	Airbnb cash on cash: 3.88% Traditional cash on cash: 4.73% Airbnb Rental Income: $2436 Traditional Rental Income: $2100 Airbnb ROI: 3.88% Traditional ROI: 4.73%
7632 Bancaster Drive Indianapolis, IN Back of the market due to Buyer financing. Spacious 3 bed/2 bath ranch located in popular ...	3 beds \| 2 baths \| 1,355 sq.ft.	$230,000	Airbnb cash on cash: 3.55% Traditional cash on cash: 5.88% Airbnb Rental Income: $1681 Traditional Rental Income: $1719 Airbnb ROI: 3.55% Traditional ROI: 5.88%
12524 Winding Creek Lane Indianapolis, IN Welcome to this charming property with a warm and inviting atmosphere. Step inside and dis...	3 beds \| 2 baths \| 1,424 sq.ft.	$285,000	Airbnb cash on cash: 8.79% Traditional cash on cash: 3.16% Airbnb Rental Income: $3796 Traditional Rental Income: $1461 Airbnb ROI: 8.79% Traditional ROI: 3.16%
1652 Spann Avenue Indianapolis, IN Welcome to your new home! This Fountain Square Beauty was tore down to the studs and compl...	3 beds \| 3 baths \| 2,304 sq.ft.	$350,000	Airbnb cash on cash: 4.38% Traditional cash on cash: 4.28% Airbnb Rental Income: $2648 Traditional Rental Income: $1987 Airbnb ROI: 4.38% Traditional ROI: 4.28%
6631 Reserve Drive Indianapolis, IN Hot Listing Alert! Discover the epitome of convenience and style with this stunning condo,...	2 beds \| 2 baths \| 1,946 sq.ft.	$345,000	Airbnb cash on cash: 3.16% Traditional cash on cash: 3.02% Airbnb Rental Income: $2566 Traditional Rental Income: $1905 Airbnb ROI: 3.16% Traditional ROI: 3.02%
1339 S East Street Indianapolis, IN Beautifully renovated home in the growing community of Bates-Henricks. It features 3 bedr...	3 beds \| 3 baths \| 1,870 sq.ft.	$324,900	Airbnb cash on cash: 4.36% Traditional cash on cash: 3.94% Airbnb Rental Income: $2436 Traditional Rental Income: $1714 Airbnb ROI: 4.36% Traditional ROI: 3.94%
3980 Ferguson Road Indianapolis, IN Welcome to this stunning stone ranch home on a spacious .57 acre corner lot in the highly ...	3 beds \| 2 baths \| 2,300 sq.ft.	$290,000	Airbnb cash on cash: 7.98% Traditional cash on cash: 5.05% Airbnb Rental Income: $3421 Traditional Rental Income: $1862 Airbnb ROI: 7.98% Traditional ROI: 5.05%
5317 Ladywood Knoll Place Indianapolis, IN Welcome home! This 2-bedroom 2 full bathroom single level home. A corner unit. An open ...	2 beds \| 2 baths \| 1,482 sq.ft.	$225,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 3.28% Airbnb Rental Income: $1475 Traditional Rental Income: $1424 Airbnb ROI: 1.48% Traditional ROI: 3.28%
6509 Knobstone Way Indianapolis, IN Pack your bags this home will have you at Hello! Move-In Ready Ranch offers sparkling Lami...	3 beds \| 2 baths \| 1,410 sq.ft.	$245,000	Airbnb cash on cash: 3.04% Traditional cash on cash: 5.18% Airbnb Rental Income: $1598 Traditional Rental Income: $1639 Airbnb ROI: 3.04% Traditional ROI: 5.18%
217 E Waterbury Road Indianapolis, IN Ready to move in ranch with partially finished basement with NO HOA! The entire exterior &...	3 beds \| 2 baths \| 3,068 sq.ft.	$329,900	Airbnb cash on cash: 3.54% Traditional cash on cash: 3.6% Airbnb Rental Income: $2259 Traditional Rental Income: $1713 Airbnb ROI: 3.54% Traditional ROI: 3.6%
10519 Tanoan Lane Indianapolis, IN It's Springtime and here is the HOME you've been looking and waiting for. This Ranch style...	3 beds \| 2 baths \| 1,472 sq.ft.	$178,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.49% Airbnb Rental Income: $null Traditional Rental Income: $1510 Airbnb ROI: N/A Traditional ROI: 6.49%
5450 Lalista Court Indianapolis, IN Great opportunity for this spacious MOVE IN ready 2 bedroom, 2 full bathroom open concept...	2 beds \| 2 baths \| 1,354 sq.ft.	$227,500	Airbnb cash on cash: 3.12% Traditional cash on cash: 5.42% Airbnb Rental Income: $1688 Traditional Rental Income: $1713 Airbnb ROI: 3.12% Traditional ROI: 5.42%
4230 Redfern Drive Indianapolis, IN Welcome to this 3-bedroom, 1.5-bathroom, single story home. The kitchen has been fully re...	3 beds \| 2 baths \| 1,170 sq.ft.	$200,000	Airbnb cash on cash: 3.42% Traditional cash on cash: 6.55% Airbnb Rental Income: $1454 Traditional Rental Income: $1617 Airbnb ROI: 3.42% Traditional ROI: 6.55%
6653 Panther Way Indianapolis, IN This spacious Franklin Township home has a flexible floor plan with fantastic storage. Ma...	4 beds \| 3 baths \| 3,516 sq.ft.	$360,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.28% Airbnb Rental Income: $null Traditional Rental Income: $2076 Airbnb ROI: N/A Traditional ROI: 4.28%
9916 Vandergriff Road Indianapolis, IN BACK ON MARKET BECAUSE BUYERS COULD NOT PERFORM! THEIR LOSS IS YOUR GAIN!! Nestled on a sp...	3 beds \| 3 baths \| 1,863 sq.ft.	$359,900	Airbnb cash on cash: 6.46% Traditional cash on cash: 3.7% Airbnb Rental Income: $3509 Traditional Rental Income: $1803 Airbnb ROI: 6.46% Traditional ROI: 3.7%
11560 Woods Bay Lane Indianapolis, IN One of the best lots in Admirals Sound - Corner lot perched at highest point on cul-de-sac...	4 beds \| 5 baths \| 4,141 sq.ft.	$725,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.07% Airbnb Rental Income: $null Traditional Rental Income: $3917 Airbnb ROI: N/A Traditional ROI: 4.07%
8050 Flatrock Court Indianapolis, IN Welcome to this charming home with a fireplace perfect for cozy nights. The natural color ...	3 beds \| 2 baths \| 1,472 sq.ft.	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.19% Airbnb Rental Income: $null Traditional Rental Income: $1752 Airbnb ROI: N/A Traditional ROI: 4.19%

Real Estate investment in Indianapolis, IN

There are 1,061 properties for sale in the city of Indianapolis . The median list price in Indianapolis is $259,000 and the average price per square foot is $139. In April 2024, the average monthly cash on cash return in Indianapolis is 5.00%. The average monthly rental income in Indianapolis is $1,648.

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

There are 1,061 investment properties available for sale in Indianapolis.

In 2024, the best neighborhood to buy investment property is Ravenswood.

The ROI for Short-Term is higher than the Long-Term in Indianapolis with average rental income of $2,408.

Your search for investment property begins and ends here

Investment Property for Sale in Indianapolis, IN

2629 S Capitol Avenue

Indianapolis, IN

3 beds | 2 baths | 1,104 sq.ft.

$169,000

Airbnb cash on cash: 9.6%

Traditional cash on cash: 8.73%

Airbnb Rental Income: $2408

Traditional Rental Income: $1677

Airbnb ROI: 9.6%

Traditional ROI: 8.73%

4001 Broadway Street

Indianapolis, IN

3 beds | 2 baths | 1,458 sq.ft.

$230,000

Airbnb cash on cash: 7.54%

Traditional cash on cash: 6.98%

Airbnb Rental Income: $2788

Traditional Rental Income: $2014

Airbnb ROI: 7.54%

Traditional ROI: 6.98%

1805 E 44th Street

Indianapolis, IN

2 beds | 1 baths | 792 sq.ft.

$153,900

Airbnb cash on cash: 8.06%

Traditional cash on cash: 5.48%

Airbnb Rental Income: $2037

Traditional Rental Income: $1129

Airbnb ROI: 8.06%

Traditional ROI: 5.48%

4360 Kingsley Drive

Indianapolis, IN

3 beds | 2 baths | 976 sq.ft.

$214,900

Airbnb cash on cash: 8.4%

Traditional cash on cash: 5.19%

Airbnb Rental Income: $2840

Traditional Rental Income: $1524

Airbnb ROI: 8.4%

Traditional ROI: 5.19%

522 E Minnesota Street

Indianapolis, IN

3 beds | 3 baths | 1,872 sq.ft.

$375,000

Airbnb cash on cash: 3.64%

Traditional cash on cash: 4.14%

Airbnb Rental Income: $2436

Traditional Rental Income: $2014

Airbnb ROI: 3.64%

Traditional ROI: 4.14%

602 E New York Street

Indianapolis, IN

3 beds | 4 baths | 1,984 sq.ft.

$525,000

Airbnb cash on cash: 1.58%

Traditional cash on cash: 3.73%

Airbnb Rental Income: $2762

Traditional Rental Income: $3172

Airbnb ROI: 1.58%

Traditional ROI: 3.73%

414 E 17th Street

Indianapolis, IN

4 beds | 3 baths | 3,425 sq.ft.

$479,000

Airbnb cash on cash: 5.67%

Traditional cash on cash: 4.61%

Airbnb Rental Income: $4381

Traditional Rental Income: $2985

Airbnb ROI: 5.67%

Traditional ROI: 4.61%

2441 N Alabama Street

Indianapolis, IN

3 beds | 2 baths | 1,179 sq.ft.

$339,900

Airbnb cash on cash: 3.74%

Traditional cash on cash: 3.03%

Airbnb Rental Income: $2478

Traditional Rental Income: $1648

Airbnb ROI: 3.74%