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.

Condos for Sale in Indianapolis, IN

Search for Condo for Sale in Indianapolis, Indiana. Browse all of Mashvisor’s Condo listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 147 Condo listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1066 Reserve Way Indianapolis, IN Spacious 2 bedroom condo with vaulted ceilings located right in the heart of Broad Ripple....	2 beds \| 2 baths \| 2,000 sq.ft.	$340,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 4.11% Airbnb Rental Income: $1354 Traditional Rental Income: $2289 Airbnb ROI: -0.12% Traditional ROI: 4.11%
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: -1.62% Traditional cash on cash: 1.68% Airbnb Rental Income: $1541 Traditional Rental Income: $2794 Airbnb ROI: -1.62% Traditional ROI: 1.68%
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: -2.9% Traditional cash on cash: -1.23% Airbnb Rental Income: $938 Traditional Rental Income: $2760 Airbnb ROI: -2.9% Traditional ROI: -1.23%
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.	$214,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.86% Airbnb Rental Income: $null Traditional Rental Income: $2013 Airbnb ROI: N/A Traditional ROI: 5.86%
6526 Jade Stream Court #309 Indianapolis, IN Beautiful 3 bedroom 2 full baths condominium with 1 car garage and storage. Amazing cathe...	3 beds \| 2 baths \| 1,569 sq.ft.	$189,000	Airbnb cash on cash: 1.62% Traditional cash on cash: 7.04% Airbnb Rental Income: $1416 Traditional Rental Income: $1964 Airbnb ROI: 1.62% Traditional ROI: 7.04%
4813 Kelvington Drive Indianapolis, IN This inviting home is ready for you to move in and begin creating lasting memories in this...	3 beds \| 2 baths \| 1,326 sq.ft.	$194,990	Airbnb cash on cash: -0.38% Traditional cash on cash: 8.97% Airbnb Rental Income: $757 Traditional Rental Income: $2172 Airbnb ROI: -0.38% Traditional ROI: 8.97%
2304 Brightwell Place Indianapolis, IN Nestled at 2304 Brightwell PL, INDIANAPOLIS, IN, this Townhome offers an exceptional livin...	3 beds \| 3 baths \| 1,581 sq.ft.	$245,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 4.7% Airbnb Rental Income: $1655 Traditional Rental Income: $2020 Airbnb ROI: 1.12% Traditional ROI: 4.7%
333 Massachusetts Avenue #507 Indianapolis, IN Luxury Living on Historic Mass Ave 2 Beds + Office \| 2 Baths \| High-Rise Condo \| Premium ...	2 beds \| 2 baths \| 2,545 sq.ft.	$875,000	Airbnb cash on cash: -2.56% Traditional cash on cash: -0.2% Airbnb Rental Income: $938 Traditional Rental Income: $2514 Airbnb ROI: -2.56% Traditional ROI: -0.2%
1 N Illinois Street #2101 Indianapolis, IN Residence 2101 at The Conrad Indianapolis offers 3 bedrooms, 3.5 baths, and over 5,200 squ...	3 beds \| 4 baths \| 5,272 sq.ft.	$4,300,000	Airbnb cash on cash: -2.63% Traditional cash on cash: -2.05% Airbnb Rental Income: $1148 Traditional Rental Income: $3109 Airbnb ROI: -2.63% Traditional ROI: -2.05%
450 E Ohio Street #321 Indianapolis, IN Welcome to The Packard in the heart of downtown Indianapolis! This 2-bedroom, 3-bath condo...	2 beds \| 3 baths \| 1,536 sq.ft.	$374,000	Airbnb cash on cash: -1.27% Traditional cash on cash: 4.21% Airbnb Rental Income: $938 Traditional Rental Income: $2514 Airbnb ROI: -1.27% Traditional ROI: 4.21%
4230 Woodsage Trace Indianapolis, IN Come home to your private piece of serenity every day! Enjoy the large wood deck offers fa...	3 beds \| 2 baths \| 1,337 sq.ft.	$138,900	Airbnb cash on cash: -1.52% Traditional cash on cash: 10.24% Airbnb Rental Income: $880 Traditional Rental Income: $2111 Airbnb ROI: -1.52% Traditional ROI: 10.24%
802 N Meridian Street #204 Indianapolis, IN Experience Timeless Urban Living in a Historic Landmark Discover a rare opportunity to ow...	2 beds \| 2 baths \| 1,258 sq.ft.	$369,000	Airbnb cash on cash: -1.73% Traditional cash on cash: 1.64% Airbnb Rental Income: $938 Traditional Rental Income: $1761 Airbnb ROI: -1.73% Traditional ROI: 1.64%
611 N Park Avenue #511 Indianapolis, IN Come experience what downtown home ownership can be! The Real Silk building is an archite...	2 beds \| 2 baths \| 1,420 sq.ft.	$474,900	Airbnb cash on cash: -2.43% Traditional cash on cash: 0.2% Airbnb Rental Income: $938 Traditional Rental Income: $1760 Airbnb ROI: -2.43% Traditional ROI: 0.2%
441 N Park Avenue #4 Indianapolis, IN This stylish 2-bedroom, 2-bath ground-floor loft condo is tucked away in an intimate four-...	2 beds \| 2 baths \| 1,267 sq.ft.	$349,000	Airbnb cash on cash: -2.05% Traditional cash on cash: 1.09% Airbnb Rental Income: $938 Traditional Rental Income: $1622 Airbnb ROI: -2.05% Traditional ROI: 1.09%
5303 Windridge Drive #172 Indianapolis, IN Detached condo in Windridge, gated community for your security. Close to shopping, interst...	2 beds \| 2 baths \| 1,618 sq.ft.	$252,900	Airbnb cash on cash: -1.42% Traditional cash on cash: 3.44% Airbnb Rental Income: $1138 Traditional Rental Income: $1920 Airbnb ROI: -1.42% Traditional ROI: 3.44%
1131 Canterbury Square S Indianapolis, IN This rare find in the desirable Canterbury Square community offers the perfect blend of co...	2 beds \| 2 baths \| 1,254 sq.ft.	$155,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 4.93% Airbnb Rental Income: $1480 Traditional Rental Income: $1612 Airbnb ROI: 1.1% Traditional ROI: 4.93%
6517 Emerald Hill Court #311 Indianapolis, IN This beautifully remodeled 2-bedroom, 2-full bath third-level condo offers stylish living ...	2 beds \| 2 baths \| 1,124 sq.ft.	$149,900	Airbnb cash on cash: 0.11% Traditional cash on cash: 6.57% Airbnb Rental Income: $948 Traditional Rental Income: $1528 Airbnb ROI: 0.11% Traditional ROI: 6.57%
5821 Cool Hollow Way Indianapolis, IN Step inside and be greeted by newer vinyl plank flooring that stretches across a spacious ...	3 beds \| 3 baths \| 1,983 sq.ft.	$310,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 4.29% Airbnb Rental Income: $1331 Traditional Rental Income: $2303 Airbnb ROI: -0.45% Traditional ROI: 4.29%
4907 Tuscany Lane Indianapolis, IN Enjoy spacious condo living in this unique 3-bedroom, 2.5 bath home-most others in the are...	3 beds \| 3 baths \| 1,567 sq.ft.	$201,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 9.17% Airbnb Rental Income: $1118 Traditional Rental Income: $2524 Airbnb ROI: -0.17% Traditional ROI: 9.17%
10311 Gateway Drive Indianapolis, IN Discover effortless, maintenance-free living in this like-new 2023 home, beautifully updat...	2 beds \| 2 baths \| 1,260 sq.ft.	$287,500	Airbnb cash on cash: -1.03% Traditional cash on cash: 3.53% Airbnb Rental Income: $889 Traditional Rental Income: $1788 Airbnb ROI: -1.03% Traditional ROI: 3.53%
1205 Sturm Avenue Indianapolis, IN Nestled at 1205 Sturm AVE, INDIANAPOLIS, IN, this condominium presents an attractive prope...	2 beds \| 2 baths \| 1,344 sq.ft.	$319,000	Airbnb cash on cash: -1.54% Traditional cash on cash: 2.02% Airbnb Rental Income: $849 Traditional Rental Income: $1586 Airbnb ROI: -1.54% Traditional ROI: 2.02%
7529 Oceanline Drive Indianapolis, IN Experience the pristine feel of a lakefront home boasting fresh paint, brand new flooring ...	2 beds \| 3 baths \| 1,286 sq.ft.	$216,500	Airbnb cash on cash: 0.94% Traditional cash on cash: 2.67% Airbnb Rental Income: $1302 Traditional Rental Income: $1252 Airbnb ROI: 0.94% Traditional ROI: 2.67%
2502 Chaseway Court Indianapolis, IN Fresh, stylish 2-Bedroom, 2.5-Bath Condo! Step inside this fully refreshed home featuring ...	2 beds \| 3 baths \| 1,474 sq.ft.	$199,900	Airbnb cash on cash: 7.36% Traditional cash on cash: 3.68% Airbnb Rental Income: $2867 Traditional Rental Income: $1503 Airbnb ROI: 7.36% Traditional ROI: 3.68%
6503 Park Central Way #B Indianapolis, IN Step into modern comfort with this 3-bedroom, 2-bathroom home, boasting with little gems ...	3 beds \| 2 baths \| 1,835 sq.ft.	$125,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 5.28% Airbnb Rental Income: $1536 Traditional Rental Income: $1718 Airbnb ROI: 0.08% Traditional ROI: 5.28%
970 Fort Wayne Avenue #207 Indianapolis, IN Experience the best of downtown living in this updated, industrial-inspired 1-bedroom, 1-b...	1 beds \| 1 baths \| 1,000 sq.ft.	$235,000	Airbnb cash on cash: -2.41% Traditional cash on cash: 1.63% Airbnb Rental Income: $750 Traditional Rental Income: $1334 Airbnb ROI: -2.41% Traditional ROI: 1.63%
3837 Gray Pond Court Indianapolis, IN GRAY FARM ESTATES Charming 2 BEDROOM + 2 FULL BATH + 2 CAR Finished & GARAGE. Amazing Co...	2 beds \| 2 baths \| 1,180 sq.ft.	$230,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 4.07% Airbnb Rental Income: $1139 Traditional Rental Income: $1492 Airbnb ROI: 0.7% Traditional ROI: 4.07%
7612 Farm View Circle E Indianapolis, IN BEAUTIFULLY MAINTAINED QUAD-UNIT CONDO nestled in a HIGHLY DESIRABLE NEIGHBORHOOD, offerin...	2 beds \| 2 baths \| 1,582 sq.ft.	$218,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.61% Airbnb Rental Income: $null Traditional Rental Income: $1612 Airbnb ROI: N/A Traditional ROI: 3.61%
8545 Olde Mill Trace Indianapolis, IN Experience the pinnacle of luxury in this fully renovated 2-bedroom, 2.5-bath condo. Exper...	2 beds \| 3 baths \| 2,230 sq.ft.	$639,900	Airbnb cash on cash: -1.71% Traditional cash on cash: 1.5% Airbnb Rental Income: $1480 Traditional Rental Income: $2959 Airbnb ROI: -1.71% Traditional ROI: 1.5%
802 N Meridian Street #205 Indianapolis, IN Welcome to an exceptional luxury smart home in the heart of downtown Indianapolis. Situate...	1 beds \| 1 baths \| 910 sq.ft.	$325,000	Airbnb cash on cash: -2.22% Traditional cash on cash: 0.35% Airbnb Rental Income: $750 Traditional Rental Income: $1222 Airbnb ROI: -2.22% Traditional ROI: 0.35%
2765 Del Prado Drive #7 Indianapolis, IN Great opportunity for investment property! This 2-bedroom, 1-bathroom condominium features...	2 beds \| 1 baths \| 882 sq.ft.	$95,000	Airbnb cash on cash: 3.35% Traditional cash on cash: 7.85% Airbnb Rental Income: $1139 Traditional Rental Income: $1177 Airbnb ROI: 3.35% Traditional ROI: 7.85%
2148 Singleton Street Indianapolis, IN This 2 bedroom, 1 full bath condo boasts considerable potential but requires renovation, p...	2 beds \| 1 baths \| 964 sq.ft.	$84,900	Airbnb cash on cash: -1.33% Traditional cash on cash: 8.5% Airbnb Rental Income: $880 Traditional Rental Income: $1362 Airbnb ROI: -1.33% Traditional ROI: 8.5%
3046 Central Avenue Indianapolis, IN This 3 bedroom, dining room, living room and 1.5 bath condo boasts considerable potential ...	3 beds \| 2 baths \| 1,344 sq.ft.	$72,900	Airbnb cash on cash: 0.76% Traditional cash on cash: 4.82% Airbnb Rental Income: $1110 Traditional Rental Income: $1029 Airbnb ROI: 0.76% Traditional ROI: 4.82%
225 N New Jersey Street #48 Indianapolis, IN Incredible Opportunity in One of the Best Walkable Downtown Locations. Check out Unit 48 a...	2 beds \| 2 baths \| 1,558 sq.ft.	$369,999	Airbnb cash on cash: -3.5% Traditional cash on cash: 0.82% Airbnb Rental Income: $938 Traditional Rental Income: $2091 Airbnb ROI: -3.5% Traditional ROI: 0.82%
333 Massachusetts Avenue #303 Indianapolis, IN Urban Elegance at 3 Mass Condos - make your life statement MOVE HERE! Meticulously cared ...	3 beds \| 2 baths \| 2,794 sq.ft.	$975,000	Airbnb cash on cash: -3.9% Traditional cash on cash: -2% Airbnb Rental Income: $1148 Traditional Rental Income: $2494 Airbnb ROI: -3.9% Traditional ROI: -2%
623 Arbor Avenue Indianapolis, IN Value abound with this location in a budding neighborhood of Indianapolis. Experience the ...	3 beds \| 1 baths \| 1,034 sq.ft.	$159,900	Airbnb cash on cash: 0.79% Traditional cash on cash: 5.49% Airbnb Rental Income: $953 Traditional Rental Income: $1323 Airbnb ROI: 0.79% Traditional ROI: 5.49%
625 Arbor Avenue Indianapolis, IN Value abound with this location in a budding neighborhood of Indianapolis. Experience the ...	3 beds \| 1 baths \| 1,034 sq.ft.	$159,900	Airbnb cash on cash: 0.06% Traditional cash on cash: 4.77% Airbnb Rental Income: $953 Traditional Rental Income: $1324 Airbnb ROI: 0.06% Traditional ROI: 4.77%
225 N New Jersey Street #46 Indianapolis, IN Experience vibrant downtown living in this spacious 2-bedroom, 2-bath condo located in the...	2 beds \| 2 baths \| 1,977 sq.ft.	$419,000	Airbnb cash on cash: -4.49% Traditional cash on cash: 0.54% Airbnb Rental Income: $938 Traditional Rental Income: $2564 Airbnb ROI: -4.49% Traditional ROI: 0.54%
6711 Bridgefield Way Indianapolis, IN Welcome to this beautifully updated condo offering the perfect blend of style, comfort, an...	2 beds \| 2 baths \| 1,115 sq.ft.	$229,900	Airbnb cash on cash: 1.04% Traditional cash on cash: 3.65% Airbnb Rental Income: $1384 Traditional Rental Income: $1533 Airbnb ROI: 1.04% Traditional ROI: 3.65%
727 N Illinois Street #202 Indianapolis, IN Located at 727 N Illinois ST Unit 202, Indianapolis, IN, this attractive condominium offer...	2 beds \| 3 baths \| 1,718 sq.ft.	$385,000	Airbnb cash on cash: -2.59% Traditional cash on cash: 2.81% Airbnb Rental Income: $938 Traditional Rental Income: $2542 Airbnb ROI: -2.59% Traditional ROI: 2.81%
435 Virginia Avenue #101 Indianapolis, IN A skyline view, a chef's kitchen, and luxury updates from top to bottom-this first-floor c...	3 beds \| 3 baths \| 2,080 sq.ft.	$735,000	Airbnb cash on cash: -2.5% Traditional cash on cash: 0.03% Airbnb Rental Income: $1148 Traditional Rental Income: $2502 Airbnb ROI: -2.5% Traditional ROI: 0.03%

Your search for investment property begins and ends here

Condos for Sale in Indianapolis, IN

1066 Reserve Way

Indianapolis, IN

2 beds | 2 baths | 2,000 sq.ft.

$340,000

Airbnb cash on cash: -0.12%

Traditional cash on cash: 4.11%

Airbnb Rental Income: $1354

Traditional Rental Income: $2289

Airbnb ROI: -0.12%

Traditional ROI: 4.11%

6650 Page Boulevard #402

Indianapolis, IN

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

$550,000

Airbnb cash on cash: -1.62%

Traditional cash on cash: 1.68%

Airbnb Rental Income: $1541

Traditional Rental Income: $2794

Airbnb ROI: -1.62%

Traditional ROI: 1.68%

429 N Pennsylvania Street #904

Indianapolis, IN

2 beds | 3 baths | 2,745 sq.ft.

$1,395,000

Airbnb cash on cash: -2.9%

Traditional cash on cash: -1.23%

Airbnb Rental Income: $938

Traditional Rental Income: $2760

Airbnb ROI: -2.9%

Traditional ROI: -1.23%

7650 Castleton Farms West Drive

Indianapolis, IN

2 beds | 2 baths | 1,789 sq.ft.

$214,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.86%

Airbnb Rental Income: $null

Traditional Rental Income: $2013

Airbnb ROI: N/A

Traditional ROI: 5.86%

6526 Jade Stream Court #309

Indianapolis, IN

3 beds | 2 baths | 1,569 sq.ft.

$189,000

Airbnb cash on cash: 1.62%

Traditional cash on cash: 7.04%

Airbnb Rental Income: $1416

Traditional Rental Income: $1964

Airbnb ROI: 1.62%

Traditional ROI: 7.04%

4813 Kelvington Drive

Indianapolis, IN

3 beds | 2 baths | 1,326 sq.ft.

$194,990

Airbnb cash on cash: -0.38%

Traditional cash on cash: 8.97%

Airbnb Rental Income: $757

Traditional Rental Income: $2172

Airbnb ROI: -0.38%

Traditional ROI: 8.97%

2304 Brightwell Place

Indianapolis, IN

3 beds | 3 baths | 1,581 sq.ft.

$245,000

Airbnb cash on cash: 1.12%

Traditional cash on cash: 4.7%

Airbnb Rental Income: $1655

Traditional Rental Income: $2020

Airbnb ROI: 1.12%

Traditional ROI: 4.7%

333 Massachusetts Avenue #507

Indianapolis, IN

2 beds | 2 baths | 2,545 sq.ft.

$875,000

Airbnb cash on cash: -2.56%

Traditional cash on cash: -0.2%

Airbnb Rental Income: $938

Traditional Rental Income: $2514

Airbnb ROI: -2.56%