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 401 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
3135 E 52nd St #E Indianapolis, IN 3135 E 52nd St Unit E is a multi-room Indianapolis condo residence set in a brick communit...	4 beds \| 2 baths \| 1,777 sq.ft.	$164,000	Airbnb cash on cash: 9.14% Traditional cash on cash: 9.27% Airbnb Rental Income: $2504 Traditional Rental Income: $1922 Airbnb ROI: 9.14% Traditional ROI: 9.27%
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: 2.86% Traditional cash on cash: 5.62% Airbnb Rental Income: $1805 Traditional Rental Income: $1916 Airbnb ROI: 2.86% Traditional ROI: 5.62%
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: -2.08% Traditional cash on cash: -0.36% Airbnb Rental Income: $1568 Traditional Rental Income: $1996 Airbnb ROI: -2.08% Traditional ROI: -0.36%
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: -1.89% Traditional cash on cash: 4.32% Airbnb Rental Income: $984 Traditional Rental Income: $1408 Airbnb ROI: -1.89% Traditional ROI: 4.32%
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: 2.41% Traditional cash on cash: 5.31% Airbnb Rental Income: $1451 Traditional Rental Income: $1372 Airbnb ROI: 2.41% Traditional ROI: 5.31%
5263 Windridge Dr Indianapolis, IN Discover sophisticated easy living at 5263 Windridge DR, INDIANAPOLIS, IN. Built in 1986, ...	4 beds \| 3 baths \| 3,600 sq.ft.	$350,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 2.89% Airbnb Rental Income: $2260 Traditional Rental Income: $2474 Airbnb ROI: 0.52% Traditional ROI: 2.89%
6525 Emerald Hill Ct #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: -0.9% Traditional cash on cash: 7.33% Airbnb Rental Income: $970 Traditional Rental Income: $1914 Airbnb ROI: -0.9% Traditional ROI: 7.33%
333 Massachusetts Ave #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.	$549,000	Airbnb cash on cash: -1.37% Traditional cash on cash: 1.22% Airbnb Rental Income: $1553 Traditional Rental Income: $2542 Airbnb ROI: -1.37% Traditional ROI: 1.22%
1528 Central Ave Indianapolis, IN Welcome to 1528 Central Ave, a property that exudes elegance and sophistication. The kitch...	3 beds \| 2 baths \| 2,865 sq.ft.	$480,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 3.75% Airbnb Rental Income: $1166 Traditional Rental Income: $2658 Airbnb ROI: -0.34% Traditional ROI: 3.75%
8650 Jaffa Court W Drive #14 Indianapolis, IN Step into elevated, low-maintenance living in the heart of Lions Gate-a gated community wh...	2 beds \| 2 baths \| 1,709 sq.ft.	$269,900	Airbnb cash on cash: -0.59% Traditional cash on cash: 0.56% Airbnb Rental Income: $1724 Traditional Rental Income: $1539 Airbnb ROI: -0.59% Traditional ROI: 0.56%
350 N Meridian St #401 Indianapolis, IN Here is your opportunity to own one of the coveted fourth floor units in the historic Athl...	2 beds \| 2 baths \| 1,520 sq.ft.	$414,900	Airbnb cash on cash: -1.74% Traditional cash on cash: -0.46% Airbnb Rental Income: $1553 Traditional Rental Income: $1603 Airbnb ROI: -1.74% Traditional ROI: -0.46%
1455 N New Jersey St #3 Indianapolis, IN This condo is conveniently located in the highly desirable neighborhood of the Old Northsi...	2 beds \| 1 baths \| 1,169 sq.ft.	$219,000	Airbnb cash on cash: -1.15% Traditional cash on cash: 2.4% Airbnb Rental Income: $956 Traditional Rental Income: $1388 Airbnb ROI: -1.15% Traditional ROI: 2.4%
5138 Boardwalk Pl Indianapolis, IN Lake front living in a low maintenance condo, that comes with it's own dock...yes please!!...	2 beds \| 2 baths \| 1,712 sq.ft.	$535,500	Airbnb cash on cash: 0.14% Traditional cash on cash: 2.97% Airbnb Rental Income: $1301 Traditional Rental Income: $2308 Airbnb ROI: 0.14% Traditional ROI: 2.97%
240 N New Jersey St Indianapolis, IN Welcome home to this beautiful three-level condo in the heart of downtown Indianapolis, ju...	3 beds \| 3 baths \| 2,280 sq.ft.	$515,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 2.55% Airbnb Rental Income: $1431 Traditional Rental Income: $2353 Airbnb ROI: -0.2% Traditional ROI: 2.55%
825 N Delaware St #5B Indianapolis, IN PRICE IMPROVEMENT + SELLER FUNDED RATE BUYDOWN OPPORTUNITY! Seller is offering a concessio...	2 beds \| 2 baths \| 1,800 sq.ft.	$299,900	Airbnb cash on cash: -1.04% Traditional cash on cash: 4.49% Airbnb Rental Income: $1553 Traditional Rental Income: $2668 Airbnb ROI: -1.04% Traditional ROI: 4.49%
350 N Meridian St #411 Indianapolis, IN Experience the excitement of downtown Indianapolis living in the historic Athletic Club IA...	1 beds \| 1 baths \| 1,056 sq.ft.	$300,000	Airbnb cash on cash: -2.91% Traditional cash on cash: -1.03% Airbnb Rental Income: $1025 Traditional Rental Income: $1197 Airbnb ROI: -2.91% Traditional ROI: -1.03%
4351 Village Parkway Cir W #12 Indianapolis, IN Welcome home to this beautifully updated 2-bedroom, 2-full-bath upper-level condo near Eag...	2 beds \| 2 baths \| 993 sq.ft.	$145,000	Airbnb cash on cash: 3.54% Traditional cash on cash: 6.64% Airbnb Rental Income: $1264 Traditional Rental Income: $1310 Airbnb ROI: 3.54% Traditional ROI: 6.64%
801 N Pennsylvania St #B Indianapolis, IN Lovely condo with a location you can't beat, offering convenience to all that downtown Ind...	1 beds \| 1 baths \| 589 sq.ft.	$139,900	Airbnb cash on cash: -0.99% Traditional cash on cash: 0.5% Airbnb Rental Income: $1025 Traditional Rental Income: $865 Airbnb ROI: -0.99% Traditional ROI: 0.5%
5011 Opal Ridge Lane #208 Indianapolis, IN Welcome to 5011 Opal Ridge Lane #208 in Windslow Crossing. This well cared for condo featu...	2 beds \| 2 baths \| 1,124 sq.ft.	$165,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 4.79% Airbnb Rental Income: $970 Traditional Rental Income: $1481 Airbnb ROI: -0.69% Traditional ROI: 4.79%
520 Sutherland Ave #C Indianapolis, IN Discover Sutherland Place Townhomes, a community of just ten townhomes centered around a b...	3 beds \| 2 baths \| 1,701 sq.ft.	$235,000	Airbnb cash on cash: 1.79% Traditional cash on cash: 6.38% Airbnb Rental Income: $1166 Traditional Rental Income: $1804 Airbnb ROI: 1.79% Traditional ROI: 6.38%
9532 Behner Ln Indianapolis, IN Low-maintenance living meets privacy in this rare 2-car garage unit backing up to the wood...	2 beds \| 1 baths \| 1,292 sq.ft.	$215,000	Airbnb cash on cash: 2.52% Traditional cash on cash: 3.35% Airbnb Rental Income: $1866 Traditional Rental Income: $1535 Airbnb ROI: 2.52% Traditional ROI: 3.35%
4391 Village Parkway Circle W #5 Indianapolis, IN Prepare for a delightful discovery at 4391 Village Parkway CIR W Unit 5, a truly attractiv...	2 beds \| 2 baths \| 993 sq.ft.	$150,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 4.46% Airbnb Rental Income: $1264 Traditional Rental Income: $1260 Airbnb ROI: 1.71% Traditional ROI: 4.46%
6157 E 96th Pl Indianapolis, IN Inviting low maintenance condo offers a seamless blend of comfort and convenience, ready f...	2 beds \| 1 baths \| 1,501 sq.ft.	$179,900	Airbnb cash on cash: 5.01% Traditional cash on cash: 4.21% Airbnb Rental Income: $1866 Traditional Rental Income: $1230 Airbnb ROI: 5.01% Traditional ROI: 4.21%
5533 Roxbury Ter Indianapolis, IN HOA pays most utilities! The neighborhood is absolutely beautiful. You have to drive throu...	3 beds \| 2 baths \| 1,992 sq.ft.	$184,900	Airbnb cash on cash: 3.93% Traditional cash on cash: 9.3% Airbnb Rental Income: $1474 Traditional Rental Income: $1984 Airbnb ROI: 3.93% Traditional ROI: 9.3%
2222 Rome Dr #B Indianapolis, IN MOTIVATED SELLERS!! Welcome to the newest recently UPDATED condo! This home is located in ...	2 beds \| 2 baths \| 1,362 sq.ft.	$174,900	Airbnb cash on cash: -1.05% Traditional cash on cash: 4.69% Airbnb Rental Income: $883 Traditional Rental Income: $1503 Airbnb ROI: -1.05% Traditional ROI: 4.69%
7034 Forrester Ln Indianapolis, IN Enjoy many updates including lighted remote control awning that auto retracks at certain w...	3 beds \| 2 baths \| 1,928 sq.ft.	$217,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 4.31% Airbnb Rental Income: $1416 Traditional Rental Income: $1736 Airbnb ROI: 0.69% Traditional ROI: 4.31%
3939 Gray Pond Ct Indianapolis, IN Gray Farm Estates - Move-in ready all-brick 2BR/2BA paired patio ranch with 2-car garage. ...	2 beds \| 2 baths \| 1,222 sq.ft.	$216,861	Airbnb cash on cash: 2.4% Traditional cash on cash: 4.66% Airbnb Rental Income: $1583 Traditional Rental Income: $1598 Airbnb ROI: 2.4% Traditional ROI: 4.66%
825 N Delaware Street #3B Indianapolis, IN Steps from Massachusetts Avenue, the Monon Trail, the Cultural Trail, Military Park, the C...	2 beds \| 2 baths \| 998 sq.ft.	$229,900	Airbnb cash on cash: 0.97% Traditional cash on cash: 2.55% Airbnb Rental Income: $1553 Traditional Rental Income: $1449 Airbnb ROI: 0.97% Traditional ROI: 2.55%
801 N Pennsylvania St #A Indianapolis, IN DO NOT MISS this Condo that is Close to Everything Downtown Indy has to Offer. This Studio...	N/A beds \| 1 baths \| 407 sq.ft.	$89,900	Airbnb cash on cash: -2.63% Traditional cash on cash: -1.07% Airbnb Rental Income: $829 Traditional Rental Income: $639 Airbnb ROI: -2.63% Traditional ROI: -1.07%
7022 Forrester Ln Indianapolis, IN Tucked away on Indianapolis' south side, 7022 Forrester Lane offers the kind of lifestyle ...	3 beds \| 2 baths \| 1,754 sq.ft.	$217,500	Airbnb cash on cash: 1.42% Traditional cash on cash: 6.78% Airbnb Rental Income: $1416 Traditional Rental Income: $2108 Airbnb ROI: 1.42% Traditional ROI: 6.78%
1 N Illinois St #2101 Indianapolis, IN Residence 2101 at The Conrad Indianapolis offers 3 bedrooms, 3.5 baths, and over 5,200 squ...	3 beds \| 3 baths \| 5,272 sq.ft.	$4,300,000	Airbnb cash on cash: -2.57% Traditional cash on cash: -2.05% Airbnb Rental Income: $1431 Traditional Rental Income: $3109 Airbnb ROI: -2.57% Traditional ROI: -2.05%
430 N Park Ave #101 Indianapolis, IN Convenient first-floor, one-bedroom condo blending original character with contemporary fi...	1 beds \| 1 baths \| 1,037 sq.ft.	$254,900	Airbnb cash on cash: -2.39% Traditional cash on cash: -0.55% Airbnb Rental Income: $1025 Traditional Rental Income: $1124 Airbnb ROI: -2.39% Traditional ROI: -0.55%
1310 Kings Cove Court Indianapolis, IN Rare Kings Cove condo available for new owner! Beautiful 2 bedroom and 2.5 baths offering ...	2 beds \| 3 baths \| 2,024 sq.ft.	$220,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 6.8% Airbnb Rental Income: $1696 Traditional Rental Income: $2291 Airbnb ROI: 1.68% Traditional ROI: 6.8%
2258 Central Avenue #D Indianapolis, IN Stylish, low-maintenance condo living in Fall Creek Place; a walkable, tree-lined neighbor...	2 beds \| 2 baths \| 1,196 sq.ft.	$239,900	Airbnb cash on cash: -2.62% Traditional cash on cash: -0.19% Airbnb Rental Income: $956 Traditional Rental Income: $1159 Airbnb ROI: -2.62% Traditional ROI: -0.19%
8750 Yardley Ct #202 Indianapolis, IN Rare 3-bedroom, 2-bath condo on Indy's northwest side - Maintenance-free living with HOA c...	3 beds \| 2 baths \| 1,380 sq.ft.	$183,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 4.07% Airbnb Rental Income: $1572 Traditional Rental Income: $1674 Airbnb ROI: 0.89% Traditional ROI: 4.07%
2805 Punto Alto Cir Indianapolis, IN Affordable and cozy end unit condo. PERFECTLY located just minutes from Greenwood Park Mal...	2 beds \| 2 baths \| 882 sq.ft.	$99,900	Airbnb cash on cash: 5.48% Traditional cash on cash: 6.5% Airbnb Rental Income: $1583 Traditional Rental Income: $1236 Airbnb ROI: 5.48% Traditional ROI: 6.5%
1037 Reserve Way Indianapolis, IN Discover sophisticated living at the Reserve at Broad Ripple. This condominium offers a re...	2 beds \| 2 baths \| 1,946 sq.ft.	$350,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 2.61% Airbnb Rental Income: $1753 Traditional Rental Income: $1910 Airbnb ROI: 0.67% Traditional ROI: 2.61%
611 N Park Ave #109 Indianapolis, IN Here's a lucky buyer's second chance! Back on the market through no fault of the seller, t...	2 beds \| 2 baths \| 1,530 sq.ft.	$340,000	Airbnb cash on cash: -2.08% Traditional cash on cash: -0.95% Airbnb Rental Income: $1553 Traditional Rental Income: $1474 Airbnb ROI: -2.08% Traditional ROI: -0.95%
8345 Paso Del Norte Ct Indianapolis, IN Discover effortless living at 8345 Paso Del Norte CT, INDIANAPOLIS, IN, USA. Built in 1973...	3 beds \| 2 baths \| 1,058 sq.ft.	$110,000	Airbnb cash on cash: 5.97% Traditional cash on cash: 5.45% Airbnb Rental Income: $1865 Traditional Rental Income: $1306 Airbnb ROI: 5.97% Traditional ROI: 5.45%
435 Virginia Ave #302 Indianapolis, IN Perched in the heart of Fletcher Place, steps from the energy of Fountain Square and the C...	2 beds \| 2 baths \| 2,030 sq.ft.	$649,000	Airbnb cash on cash: -2.2% Traditional cash on cash: -0.08% Airbnb Rental Income: $1379 Traditional Rental Income: $2291 Airbnb ROI: -2.2% Traditional ROI: -0.08%

Your search for investment property begins and ends here

Condos for Sale in Indianapolis, IN

3135 E 52nd St #E

Indianapolis, IN

4 beds | 2 baths | 1,777 sq.ft.

$164,000

Airbnb cash on cash: 9.14%

Traditional cash on cash: 9.27%

Airbnb Rental Income: $2504

Traditional Rental Income: $1922

Airbnb ROI: 9.14%

Traditional ROI: 9.27%

8078 Windham Lake Way

Indianapolis, IN

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

$229,900

Airbnb cash on cash: 2.86%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $1805

Traditional Rental Income: $1916

Airbnb ROI: 2.86%

Traditional ROI: 5.62%

435 Virginia Avenue #506

Indianapolis, IN

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

$545,000

Airbnb cash on cash: -2.08%

Traditional cash on cash: -0.36%

Airbnb Rental Income: $1568

Traditional Rental Income: $1996

Airbnb ROI: -2.08%

Traditional ROI: -0.36%

4251 Woodsage Trace

Indianapolis, IN

2 beds | 2 baths | 1,187 sq.ft.

$130,000

Airbnb cash on cash: -1.89%

Traditional cash on cash: 4.32%

Airbnb Rental Income: $984

Traditional Rental Income: $1408

Airbnb ROI: -1.89%

Traditional ROI: 4.32%

1306 Tishman Lane

Indianapolis, IN

2 beds | 2 baths | 1,216 sq.ft.

$125,900

Airbnb cash on cash: 2.41%

Traditional cash on cash: 5.31%

Airbnb Rental Income: $1451

Traditional Rental Income: $1372

Airbnb ROI: 2.41%

Traditional ROI: 5.31%

5263 Windridge Dr

Indianapolis, IN

4 beds | 3 baths | 3,600 sq.ft.

$350,000

Airbnb cash on cash: 0.52%

Traditional cash on cash: 2.89%

Airbnb Rental Income: $2260

Traditional Rental Income: $2474

Airbnb ROI: 0.52%

Traditional ROI: 2.89%

6525 Emerald Hill Ct #206

Indianapolis, IN

2 beds | 2 baths | 1,549 sq.ft.

$164,900

Airbnb cash on cash: -0.9%

Traditional cash on cash: 7.33%

Airbnb Rental Income: $970

Traditional Rental Income: $1914

Airbnb ROI: -0.9%

Traditional ROI: 7.33%

333 Massachusetts Ave #305

Indianapolis, IN

2 beds | 2 baths | 2,026 sq.ft.

$549,000

Airbnb cash on cash: -1.37%

Traditional cash on cash: 1.22%

Airbnb Rental Income: $1553

Traditional Rental Income: $2542

Airbnb ROI: -1.37%