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 140 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 SELLER OFFERING A 2-1 RATE BUY DOWN! Live where Broad Ripple comes alive in this spacious...	2 beds \| 2 baths \| 2,003 sq.ft.	$319,900	Airbnb cash on cash: -0.34% Traditional cash on cash: 4.39% Airbnb Rental Income: $1266 Traditional Rental Income: $2289 Airbnb ROI: -0.34% Traditional ROI: 4.39%
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: -2.84% Traditional cash on cash: -1.23% Airbnb Rental Income: $1025 Traditional Rental Income: $2760 Airbnb ROI: -2.84% Traditional ROI: -1.23%
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: 2.15% Traditional cash on cash: 6.21% Airbnb Rental Income: $1322 Traditional Rental Income: $1492 Airbnb ROI: 2.15% Traditional ROI: 6.21%
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: -1.62% Traditional cash on cash: 6.82% Airbnb Rental Income: $837 Traditional Rental Income: $1914 Airbnb ROI: -1.62% Traditional ROI: 6.82%
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.	$515,000	Airbnb cash on cash: -1.79% Traditional cash on cash: 4.62% Airbnb Rental Income: $903 Traditional Rental Income: $3647 Airbnb ROI: -1.79% 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.	$669,900	Airbnb cash on cash: -2.03% Traditional cash on cash: 0.98% Airbnb Rental Income: $1025 Traditional Rental Income: $2542 Airbnb ROI: -2.03% Traditional ROI: 0.98%
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.	$500,000	Airbnb cash on cash: -0.84% Traditional cash on cash: 3.64% Airbnb Rental Income: $903 Traditional Rental Income: $2658 Airbnb ROI: -0.84% Traditional ROI: 3.64%
110 E Washington Street #601 Indianapolis, IN Live at the center of it all in this beautiful 2-bed, 2-bath downtown Indianapolis condo. ...	2 beds \| 2 baths \| 1,563 sq.ft.	$280,000	Airbnb cash on cash: -2.69% Traditional cash on cash: 2.29% Airbnb Rental Income: $1025 Traditional Rental Income: $1981 Airbnb ROI: -2.69% Traditional ROI: 2.29%
1455 N New Jersey Street #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.	$232,000	Airbnb cash on cash: -2.27% Traditional cash on cash: 2.4% Airbnb Rental Income: $661 Traditional Rental Income: $1388 Airbnb ROI: -2.27% Traditional ROI: 2.4%
7650 Castleton Farms West Drive Indianapolis, IN Now Your Dream Condo at an Unbeatable Value Discover effortless elegance in this updated 2...	2 beds \| 2 baths \| 1,789 sq.ft.	$204,900	Airbnb cash on cash: -0.87% Traditional cash on cash: 5.93% Airbnb Rental Income: $1058 Traditional Rental Income: $2013 Airbnb ROI: -0.87% Traditional ROI: 5.93%
3313 Bay Road North Drive Indianapolis, IN Spectacular! Gorgeous view of Nantucket Bay from nearly every window! This three bedroom, ...	3 beds \| 3 baths \| 2,958 sq.ft.	$1,099,900	Airbnb cash on cash: -1.36% Traditional cash on cash: 0.86% Airbnb Rental Income: $1320 Traditional Rental Income: $3173 Airbnb ROI: -1.36% Traditional ROI: 0.86%
226 N Cleveland Street #B Indianapolis, IN Located steps from Mass Ave, this 1-bed, 1.5-bath, 892-square-foot condo offers the pinnac...	1 beds \| 2 baths \| 892 sq.ft.	$255,000	Airbnb cash on cash: -2.34% Traditional cash on cash: 2.25% Airbnb Rental Income: $750 Traditional Rental Income: $1542 Airbnb ROI: -2.34% Traditional ROI: 2.25%
6544 W 71st Street Indianapolis, IN This condo has it all! Open floor plan, low-maintenance living and plenty of storage. You'...	2 beds \| 4 baths \| 1,811 sq.ft.	$260,000	Airbnb cash on cash: -3.29% Traditional cash on cash: 5.12% Airbnb Rental Income: $560 Traditional Rental Income: $2343 Airbnb ROI: -3.29% Traditional ROI: 5.12%
6417 Park Central Drive W #D Indianapolis, IN TREMENDOUS VALUE!!! Almost 1500 square feet, this two bedroom, two full bath, with living ...	2 beds \| 2 baths \| 1,485 sq.ft.	$99,900	Airbnb cash on cash: -1.13% Traditional cash on cash: 8.9% Airbnb Rental Income: $1107 Traditional Rental Income: $1708 Airbnb ROI: -1.13% Traditional ROI: 8.9%
9583 Bay Vista West Drive Indianapolis, IN Conveniently located in Bayside Woods, this fully updated, move-in ready condo offers low-...	2 beds \| 3 baths \| 1,292 sq.ft.	$225,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 4.47% Airbnb Rental Income: $1352 Traditional Rental Income: $1835 Airbnb ROI: 0.26% Traditional ROI: 4.47%
8690 Jaffa Court West Drive #35 Indianapolis, IN You will love this beautiful top floor condo in the gated community of Lions Gate. Comes w...	2 beds \| 2 baths \| 1,708 sq.ft.	$245,000	Airbnb cash on cash: -1.77% Traditional cash on cash: 2.76% Airbnb Rental Income: $1307 Traditional Rental Income: $1947 Airbnb ROI: -1.77% Traditional ROI: 2.76%
801 N Pennsylvania Street #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.	$149,900	Airbnb cash on cash: -2.59% Traditional cash on cash: 0.4% Airbnb Rental Income: $750 Traditional Rental Income: $865 Airbnb ROI: -2.59% Traditional ROI: 0.4%
5019 Opal Ridge Lane #101 Indianapolis, IN Welcome home to this beautifully maintained, zero-step entry condo offering easy, one-leve...	2 beds \| 2 baths \| 1,442 sq.ft.	$172,500	Airbnb cash on cash: -1.25% Traditional cash on cash: 6.75% Airbnb Rental Income: $837 Traditional Rental Income: $1823 Airbnb ROI: -1.25% Traditional ROI: 6.75%
7746 Mountain Stream Way Indianapolis, IN Investor opportunity! Tenant-occupied 4BR/3BA condominium with 1,602 sq ft on a corner lot...	4 beds \| 3 baths \| 1,602 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.14% Airbnb Rental Income: $null Traditional Rental Income: $2009 Airbnb ROI: N/A Traditional ROI: 9.14%
3939 Gray Pond Court Indianapolis, IN Welcome to 3939 Gray Pond Ct in Indianapolis, where this move-in-ready paired patio condom...	2 beds \| 2 baths \| 1,222 sq.ft.	$220,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 4.63% Airbnb Rental Income: $1266 Traditional Rental Income: $1598 Airbnb ROI: 1.12% Traditional ROI: 4.63%
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: -2.47% Traditional cash on cash: -0.2% Airbnb Rental Income: $1025 Traditional Rental Income: $2514 Airbnb ROI: -2.47% Traditional ROI: -0.2%
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.	$259,900	Airbnb cash on cash: -1.05% Traditional cash on cash: 2.15% Airbnb Rental Income: $1025 Traditional Rental Income: $1449 Airbnb ROI: -1.05% Traditional ROI: 2.15%
8418 Glenwillow Lane #101 Indianapolis, IN Welcome to this maintenance-free, ground-floor condo in a peaceful Traders Point neighborh...	2 beds \| 2 baths \| 1,072 sq.ft.	$183,000	Airbnb cash on cash: -1.66% Traditional cash on cash: 5% Airbnb Rental Income: $560 Traditional Rental Income: $1437 Airbnb ROI: -1.66% Traditional ROI: 5%
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: -2.61% Traditional cash on cash: -2.05% Airbnb Rental Income: $1245 Traditional Rental Income: $3109 Airbnb ROI: -2.61% Traditional ROI: -2.05%
5003 Amber Creek Place #101 Indianapolis, IN Welcome to easy, maintenance-free living in this ground-floor 2-bedroom, 2-bath condo in P...	2 beds \| 2 baths \| 1,095 sq.ft.	$170,000	Airbnb cash on cash: -0.19% Traditional cash on cash: 5.66% Airbnb Rental Income: $837 Traditional Rental Income: $1457 Airbnb ROI: -0.19% Traditional ROI: 5.66%
9479 Bridgewater Circle Indianapolis, IN Welcome home to easy, maintenance-free living in this inviting condo! Freshly painted with...	2 beds \| 3 baths \| 1,391 sq.ft.	$225,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 5.21% Airbnb Rental Income: $1352 Traditional Rental Income: $1839 Airbnb ROI: 0.98% Traditional ROI: 5.21%
5266 Whisperwood Lane #259 Indianapolis, IN Come see this charming 2-bedroom condo located in the gated Windridge Condominium Complex!...	2 beds \| 3 baths \| 1,380 sq.ft.	$198,000	Airbnb cash on cash: -2.8% Traditional cash on cash: 4.11% Airbnb Rental Income: $794 Traditional Rental Income: $1772 Airbnb ROI: -2.8% Traditional ROI: 4.11%
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.	$355,000	Airbnb cash on cash: -1.54% Traditional cash on cash: 1.75% Airbnb Rental Income: $1025 Traditional Rental Income: $1761 Airbnb ROI: -1.54% Traditional ROI: 1.75%
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.	$236,000	Airbnb cash on cash: -1.54% Traditional cash on cash: 3.75% Airbnb Rental Income: $1115 Traditional Rental Income: $1920 Airbnb ROI: -1.54% Traditional ROI: 3.75%
1131 Canterbury Square S Indianapolis, IN This spacious 1,254 sq ft home in the Canterbury Square community offers comfortable, true...	2 beds \| 2 baths \| 1,254 sq.ft.	$139,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 5.59% Airbnb Rental Income: $1322 Traditional Rental Income: $1612 Airbnb ROI: 0.34% Traditional ROI: 5.59%
1011 N Ogden Street Indianapolis, IN Welcome to this well-maintained 1 bedroom, 1 bathroom condo in downtown Indianapolis offer...	1 beds \| 1 baths \| 861 sq.ft.	$230,000	Airbnb cash on cash: -1.06% Traditional cash on cash: 2.44% Airbnb Rental Income: $750 Traditional Rental Income: $1198 Airbnb ROI: -1.06% Traditional ROI: 2.44%
350 N Meridian Street #412 Indianapolis, IN Do you want DOWNTOWN LUXURY!! Welcome to the Athletic Club, known for elegant common space...	1 beds \| 2 baths \| 1,042 sq.ft.	$299,000	Airbnb cash on cash: -3.51% Traditional cash on cash: 2.9% Airbnb Rental Income: $750 Traditional Rental Income: $2243 Airbnb ROI: -3.51% Traditional ROI: 2.9%
611 N Park Avenue #207 Indianapolis, IN Experience urban living at its finest in this stylish 2-bedroom loft condo located just st...	2 beds \| 2 baths \| 1,230 sq.ft.	$349,000	Airbnb cash on cash: -2.29% Traditional cash on cash: 1.22% Airbnb Rental Income: $1025 Traditional Rental Income: $1817 Airbnb ROI: -2.29% Traditional ROI: 1.22%
7620 Castleton Farms North Drive Indianapolis, IN Wonderful well-located Castleton area condominium. From the peaceful entry into the commun...	2 beds \| 3 baths \| 1,428 sq.ft.	$209,000	Airbnb cash on cash: 1.43% Traditional cash on cash: 4.32% Airbnb Rental Income: $1058 Traditional Rental Income: $1267 Airbnb ROI: 1.43% Traditional ROI: 4.32%
8120 Glenwillow Lane #101 Indianapolis, IN Looking for a low-maintenance condo near Eagle Creek Park with great amenities and easy ac...	2 beds \| 2 baths \| 1,442 sq.ft.	$175,000	Airbnb cash on cash: -2.51% Traditional cash on cash: 6.56% Airbnb Rental Income: $560 Traditional Rental Income: $1790 Airbnb ROI: -2.51% Traditional ROI: 6.56%
5821 Cool Hollow Way Indianapolis, IN An open great room with vaulted ceilings and newer vinyl plank flooring sets an easy, welc...	3 beds \| 3 baths \| 1,983 sq.ft.	$275,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 4.95% Airbnb Rental Income: $1382 Traditional Rental Income: $2303 Airbnb ROI: -0.22% Traditional ROI: 4.95%
7045 Gavin Drive Indianapolis, IN This thoughtfully refreshed two-story home combines modern finishes with true low-maintena...	2 beds \| 3 baths \| 1,304 sq.ft.	$170,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 6.73% Airbnb Rental Income: $981 Traditional Rental Income: $1793 Airbnb ROI: -0.45% Traditional ROI: 6.73%
657 E Merrill Street Indianapolis, IN Welcome to this stunning 3 bed, 3 bath downtown Indy Condo with pull in 2 car private gara...	3 beds \| 3 baths \| 2,620 sq.ft.	$695,000	Airbnb cash on cash: -1.78% Traditional cash on cash: 0.63% Airbnb Rental Income: $911 Traditional Rental Income: $2134 Airbnb ROI: -1.78% Traditional ROI: 0.63%
5731 Quail Crossing Drive Indianapolis, IN Welcome to the Villas at Quail Run! Nestled in an extremely well-maintained and quiet nei...	2 beds \| 2 baths \| 1,372 sq.ft.	$212,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 3.47% Airbnb Rental Income: $837 Traditional Rental Income: $1483 Airbnb ROI: -1.38% Traditional ROI: 3.47%
10311 Gateway Drive Indianapolis, IN Low-maintenance living meets modern style in this like-new 2023 ranch condo nestled in the...	2 beds \| 2 baths \| 1,260 sq.ft.	$282,500	Airbnb cash on cash: -0.49% Traditional cash on cash: 3.41% Airbnb Rental Income: $1127 Traditional Rental Income: $1788 Airbnb ROI: -0.49% Traditional ROI: 3.41%

Your search for investment property begins and ends here

Condos for Sale in Indianapolis, IN

1066 Reserve Way

Indianapolis, IN

2 beds | 2 baths | 2,003 sq.ft.

$319,900

Airbnb cash on cash: -0.34%

Traditional cash on cash: 4.39%

Airbnb Rental Income: $1266

Traditional Rental Income: $2289

Airbnb ROI: -0.34%

Traditional ROI: 4.39%

429 N Pennsylvania Street #904

Indianapolis, IN

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

$1,395,000

Airbnb cash on cash: -2.84%

Traditional cash on cash: -1.23%

Airbnb Rental Income: $1025

Traditional Rental Income: $2760

Airbnb ROI: -2.84%

Traditional ROI: -1.23%

1619 Marborough Lane

Indianapolis, IN

2 beds | 2 baths | 1,152 sq.ft.

$149,000

Airbnb cash on cash: 2.15%

Traditional cash on cash: 6.21%

Airbnb Rental Income: $1322

Traditional Rental Income: $1492

Airbnb ROI: 2.15%

Traditional ROI: 6.21%

6525 Emerald Hill Court #206

Indianapolis, IN

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

$174,900

Airbnb cash on cash: -1.62%

Traditional cash on cash: 6.82%

Airbnb Rental Income: $837

Traditional Rental Income: $1914

Airbnb ROI: -1.62%

Traditional ROI: 6.82%

8079 Lower Bay Lane

Indianapolis, IN

2 beds | 4 baths | 2,900 sq.ft.

$515,000

Airbnb cash on cash: -1.79%

Traditional cash on cash: 4.62%

Airbnb Rental Income: $903

Traditional Rental Income: $3647

Airbnb ROI: -1.79%

Traditional ROI: 4.62%

333 Massachusetts Avenue #305

Indianapolis, IN

2 beds | 2 baths | 2,148 sq.ft.

$669,900

Airbnb cash on cash: -2.03%

Traditional cash on cash: 0.98%

Airbnb Rental Income: $1025

Traditional Rental Income: $2542

Airbnb ROI: -2.03%

Traditional ROI: 0.98%

1528 Central Avenue

Indianapolis, IN

3 beds | 3 baths | 2,865 sq.ft.

$500,000

Airbnb cash on cash: -0.84%

Traditional cash on cash: 3.64%

Airbnb Rental Income: $903

Traditional Rental Income: $2658

Airbnb ROI: -0.84%

Traditional ROI: 3.64%

110 E Washington Street #601

Indianapolis, IN

2 beds | 2 baths | 1,563 sq.ft.

$280,000

Airbnb cash on cash: -2.69%

Traditional cash on cash: 2.29%

Airbnb Rental Income: $1025

Traditional Rental Income: $1981

Airbnb ROI: -2.69%