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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
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: 2.37% Traditional cash on cash: 5.62% Airbnb Rental Income: $1677 Traditional Rental Income: $1916 Airbnb ROI: 2.37% 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: -2.06% Traditional cash on cash: -0.36% Airbnb Rental Income: $1580 Traditional Rental Income: $1996 Airbnb ROI: -2.06% 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: -2.03% Traditional cash on cash: 4.32% Airbnb Rental Income: $963 Traditional Rental Income: $1408 Airbnb ROI: -2.03% 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: 1.02% Traditional cash on cash: 5.31% Airbnb Rental Income: $1249 Traditional Rental Income: $1372 Airbnb ROI: 1.02% Traditional ROI: 5.31%
5263 Windridge Drive Indianapolis, IN Discover sophisticated easy living at 5263 Windridge DR, INDIANAPOLIS, IN. Built in 1986, ...	4 beds \| 3 baths \| 3,600 sq.ft.	$360,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 2.79% Airbnb Rental Income: $2447 Traditional Rental Income: $2474 Airbnb ROI: 0.94% Traditional ROI: 2.79%
6525 Emerald Hill Court #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: 0.31% Traditional cash on cash: 7.33% Airbnb Rental Income: $1198 Traditional Rental Income: $1914 Airbnb ROI: 0.31% Traditional ROI: 7.33%
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.	$514,900	Airbnb cash on cash: -0.95% Traditional cash on cash: 4.62% Airbnb Rental Income: $1389 Traditional Rental Income: $3647 Airbnb ROI: -0.95% Traditional ROI: 4.62%
333 Massachusetts Avenue #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.	$625,000	Airbnb cash on cash: -1.62% Traditional cash on cash: 1.12% Airbnb Rental Income: $1362 Traditional Rental Income: $2542 Airbnb ROI: -1.62% Traditional ROI: 1.12%
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.	$490,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 3.75% Airbnb Rental Income: $1199 Traditional Rental Income: $2658 Airbnb ROI: -0.28% Traditional ROI: 3.75%
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.	$319,900	Airbnb cash on cash: -1.57% Traditional cash on cash: 4.15% Airbnb Rental Income: $1362 Traditional Rental Income: $2668 Airbnb ROI: -1.57% Traditional ROI: 4.15%
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.	$250,000	Airbnb cash on cash: -2.03% Traditional cash on cash: 5.36% Airbnb Rental Income: $944 Traditional Rental Income: $2343 Airbnb ROI: -2.03% Traditional ROI: 5.36%
350 N Meridian Street #709 Indianapolis, IN Historic Elegance Meets Modern Downtown Living. Step into a piece of Indianapolis history ...	1 beds \| 1 baths \| 916 sq.ft.	$209,000	Airbnb cash on cash: -2.97% Traditional cash on cash: -0.43% Airbnb Rental Income: $944 Traditional Rental Income: $1100 Airbnb ROI: -2.97% Traditional ROI: -0.43%
9583 Bay Vista W 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.	$224,500	Airbnb cash on cash: 0.08% Traditional cash on cash: 4.48% Airbnb Rental Income: $1306 Traditional Rental Income: $1835 Airbnb ROI: 0.08% Traditional ROI: 4.48%
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: -1.49% Traditional cash on cash: 0.5% Airbnb Rental Income: $944 Traditional Rental Income: $865 Airbnb ROI: -1.49% 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: 0.52% Traditional cash on cash: 4.79% Airbnb Rental Income: $1198 Traditional Rental Income: $1481 Airbnb ROI: 0.52% Traditional ROI: 4.79%
8043 Valley Farms Lane Indianapolis, IN Beautiful moving ready home. Nice and relaxing living room with vaulted ceiling and stone ...	1 beds \| 1 baths \| 1,179 sq.ft.	$156,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 5.37% Airbnb Rental Income: $1041 Traditional Rental Income: $1349 Airbnb ROI: 0.88% Traditional ROI: 5.37%
9532 Behner Lane Indianapolis, IN Low-maintenance living meets privacy in this rare 2-car garage unit backing up to the wood...	2 beds \| 2 baths \| 1,292 sq.ft.	$218,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 3.29% Airbnb Rental Income: $1306 Traditional Rental Income: $1535 Airbnb ROI: 0.21% Traditional ROI: 3.29%
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: -0.84% Traditional cash on cash: 4.46% Airbnb Rental Income: $826 Traditional Rental Income: $1260 Airbnb ROI: -0.84% Traditional ROI: 4.46%
6157 E 96th Place Indianapolis, IN Inviting low maintenance condo offers a seamless blend of comfort and convenience, ready f...	2 beds \| 2 baths \| 1,007 sq.ft.	$179,900	Airbnb cash on cash: 2.28% Traditional cash on cash: 4.21% Airbnb Rental Income: $1306 Traditional Rental Income: $1230 Airbnb ROI: 2.28% Traditional ROI: 4.21%
2222 Rome Drive #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.	$185,000	Airbnb cash on cash: -1.47% Traditional cash on cash: 4.39% Airbnb Rental Income: $793 Traditional Rental Income: $1503 Airbnb ROI: -1.47% Traditional ROI: 4.39%
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.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.98% Airbnb Rental Income: $null Traditional Rental Income: $2009 Airbnb ROI: N/A Traditional ROI: 9.98%
3939 Gray Pond Court 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.	$218,861	Airbnb cash on cash: 2.84% Traditional cash on cash: 4.66% Airbnb Rental Income: $1692 Traditional Rental Income: $1598 Airbnb ROI: 2.84% Traditional ROI: 4.66%
825 N Delaware St #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: 0.14% Traditional cash on cash: 2.27% Airbnb Rental Income: $1362 Traditional Rental Income: $1449 Airbnb ROI: 0.14% Traditional ROI: 2.27%
7022 Forrester Lane Indianapolis, IN Tucked away on Indianapolis' south side, 7022 Forrester Lane offers the kind of lifestyle ...	3 beds \| 3 baths \| 1,754 sq.ft.	$225,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 6.61% Airbnb Rental Income: $1556 Traditional Rental Income: $2108 Airbnb ROI: 1.91% Traditional ROI: 6.61%
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: -2.58% Traditional cash on cash: -2.05% Airbnb Rental Income: $1412 Traditional Rental Income: $3109 Airbnb ROI: -2.58% Traditional ROI: -2.05%
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: 2.52% Traditional cash on cash: 6.8% Airbnb Rental Income: $1906 Traditional Rental Income: $2291 Airbnb ROI: 2.52% Traditional ROI: 6.8%
8750 Yardley Court #202 Indianapolis, IN Rare opportunity to own a spacious 3-bedroom, 2 full bath condo in the highly sought-after...	3 beds \| 2 baths \| 1,380 sq.ft.	$189,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 3.91% Airbnb Rental Income: $1396 Traditional Rental Income: $1674 Airbnb ROI: 0.01% Traditional ROI: 3.91%
2805 Punto Alto Circle Indianapolis, IN Affordable and cozy end unit condo. PERFECTLY located just minutes from Greenwood Park Mal...	2 beds \| 2 baths \| 882 sq.ft.	$109,000	Airbnb cash on cash: 6.23% Traditional cash on cash: 6.37% Airbnb Rental Income: $1692 Traditional Rental Income: $1236 Airbnb ROI: 6.23% Traditional ROI: 6.37%
611 N Park Avenue #109 Indianapolis, IN Here's a tighter, more polished MLS description that creates more emotion while staying wi...	2 beds \| 2 baths \| 1,530 sq.ft.	$349,799	Airbnb cash on cash: -2.56% Traditional cash on cash: -0.95% Airbnb Rental Income: $1362 Traditional Rental Income: $1474 Airbnb ROI: -2.56% Traditional ROI: -0.95%
8345 Paso Del Norte Court 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.	$118,000	Airbnb cash on cash: 5.18% Traditional cash on cash: 5.45% Airbnb Rental Income: $1757 Traditional Rental Income: $1306 Airbnb ROI: 5.18% Traditional ROI: 5.45%
435 Virginia Avenue #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.	$674,900	Airbnb cash on cash: -2.51% Traditional cash on cash: -0.08% Airbnb Rental Income: $1145 Traditional Rental Income: $2291 Airbnb ROI: -2.51% Traditional ROI: -0.08%
1804 Queensbridge Circle Indianapolis, IN Welcome home to this charming end-unit patio home tucked away on Queensbridge Circle in We...	2 beds \| 2 baths \| 870 sq.ft.	$134,500	Airbnb cash on cash: 1.7% Traditional cash on cash: 2.75% Airbnb Rental Income: $1180 Traditional Rental Income: $930 Airbnb ROI: 1.7% Traditional ROI: 2.75%
1011 N Ogden St Indianapolis, IN Enjoy low-maintenance living in the heart of downtown Indianapolis. Located just north of ...	1 beds \| 1 baths \| 861 sq.ft.	$224,900	Airbnb cash on cash: -0.31% Traditional cash on cash: 2.51% Airbnb Rental Income: $944 Traditional Rental Income: $1198 Airbnb ROI: -0.31% Traditional ROI: 2.51%
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: 0.94% Traditional cash on cash: 4.32% Airbnb Rental Income: $943 Traditional Rental Income: $1267 Airbnb ROI: 0.94% Traditional ROI: 4.32%
2909 Kirkbride Way Indianapolis, IN Welcome to 2909 Kirkbride Way â a prime Indianapolis location offering convenience, conn...	3 beds \| 4 baths \| 1,750 sq.ft.	$309,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 5.23% Airbnb Rental Income: $1308 Traditional Rental Income: $2424 Airbnb ROI: -0.01% Traditional ROI: 5.23%
5807 Cool Hollow Way Indianapolis, IN This pristine 3-bedroom, 2 1/2 condo offers low-maintenance living with exceptional update...	3 beds \| 3 baths \| 2,000 sq.ft.	$324,900	Airbnb cash on cash: 0.77% Traditional cash on cash: 3.82% Airbnb Rental Income: $1801 Traditional Rental Income: $2244 Airbnb ROI: 0.77% Traditional ROI: 3.82%
8720 Yardley Court #202 Indianapolis, IN Welcome home to this 2-bedroom, 2-bathroom condo featuring a nice flex room thats just per...	2 beds \| 2 baths \| 1,380 sq.ft.	$169,900	Airbnb cash on cash: 2.76% Traditional cash on cash: 5.84% Airbnb Rental Income: $1774 Traditional Rental Income: $1788 Airbnb ROI: 2.76% Traditional ROI: 5.84%
9506 Behner Lane Indianapolis, IN Don't pass on this gem. The serenity of the back deck with pond is worth the visit. Seclud...	2 beds \| 2 baths \| 1,292 sq.ft.	$225,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 2.83% Airbnb Rental Income: $1306 Traditional Rental Income: $1537 Airbnb ROI: -0.16% Traditional ROI: 2.83%
5546 Nighthawk Drive Indianapolis, IN Stunning Pond-View Condo - 2 Bed, 2 Bath + Loft w/ 1-Car Garage. Welcome home to this beau...	2 beds \| 3 baths \| 1,356 sq.ft.	$195,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 8.36% Airbnb Rental Income: $1127 Traditional Rental Income: $2214 Airbnb ROI: 0.45% Traditional ROI: 8.36%
9209 Sea Pine Lane Indianapolis, IN Updated 3-bedroom, 2.5-bath condo near the Castleton/Fishers border! The inviting living r...	3 beds \| 3 baths \| 1,546 sq.ft.	$249,900	Airbnb cash on cash: 1.39% Traditional cash on cash: 4.55% Airbnb Rental Income: $1603 Traditional Rental Income: $1893 Airbnb ROI: 1.39% Traditional ROI: 4.55%

Your search for investment property begins and ends here

Condos for Sale in Indianapolis, IN

8078 Windham Lake Way

Indianapolis, IN

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

$229,900

Airbnb cash on cash: 2.37%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $1677

Traditional Rental Income: $1916

Airbnb ROI: 2.37%

Traditional ROI: 5.62%

435 Virginia Avenue #506

Indianapolis, IN

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

$545,000

Airbnb cash on cash: -2.06%

Traditional cash on cash: -0.36%

Airbnb Rental Income: $1580

Traditional Rental Income: $1996

Airbnb ROI: -2.06%

Traditional ROI: -0.36%

4251 Woodsage Trace

Indianapolis, IN

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

$130,000

Airbnb cash on cash: -2.03%

Traditional cash on cash: 4.32%

Airbnb Rental Income: $963

Traditional Rental Income: $1408

Airbnb ROI: -2.03%

Traditional ROI: 4.32%

1306 Tishman Lane

Indianapolis, IN

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

$125,900

Airbnb cash on cash: 1.02%

Traditional cash on cash: 5.31%

Airbnb Rental Income: $1249

Traditional Rental Income: $1372

Airbnb ROI: 1.02%

Traditional ROI: 5.31%

5263 Windridge Drive

Indianapolis, IN

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

$360,000

Airbnb cash on cash: 0.94%

Traditional cash on cash: 2.79%

Airbnb Rental Income: $2447

Traditional Rental Income: $2474

Airbnb ROI: 0.94%

Traditional ROI: 2.79%

6525 Emerald Hill Court #206

Indianapolis, IN

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

$164,900

Airbnb cash on cash: 0.31%

Traditional cash on cash: 7.33%

Airbnb Rental Income: $1198

Traditional Rental Income: $1914

Airbnb ROI: 0.31%

Traditional ROI: 7.33%

8079 Lower Bay Lane

Indianapolis, IN

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

$514,900

Airbnb cash on cash: -0.95%

Traditional cash on cash: 4.62%

Airbnb Rental Income: $1389

Traditional Rental Income: $3647

Airbnb ROI: -0.95%

Traditional ROI: 4.62%

333 Massachusetts Avenue #305

Indianapolis, IN

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

$625,000

Airbnb cash on cash: -1.62%

Traditional cash on cash: 1.12%

Airbnb Rental Income: $1362

Traditional Rental Income: $2542

Airbnb ROI: -1.62%