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 172 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
4251 Woodsage Trace Indianapolis, IN Tucked away in a serene, wooded setting, this end-unit condo offers an exceptional blend o...	2 beds \| 2 baths \| 1,187 sq.ft.	$137,500	Airbnb cash on cash: -4.18% Traditional cash on cash: 4.04% Airbnb Rental Income: $614 Traditional Rental Income: $1408 Airbnb ROI: -4.18% Traditional ROI: 4.04%
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.	$128,900	Airbnb cash on cash: 2% Traditional cash on cash: 5.17% Airbnb Rental Income: $1402 Traditional Rental Income: $1372 Airbnb ROI: 2% Traditional ROI: 5.17%
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: 2.47% Traditional cash on cash: 6.21% Airbnb Rental Income: $1377 Traditional Rental Income: $1492 Airbnb ROI: 2.47% Traditional ROI: 6.21%
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.	$395,000	Airbnb cash on cash: -0.53% Traditional cash on cash: 2.46% Airbnb Rental Income: $1869 Traditional Rental Income: $2474 Airbnb ROI: -0.53% Traditional ROI: 2.46%
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: -1.97% Traditional cash on cash: 6.82% Airbnb Rental Income: $767 Traditional Rental Income: $1914 Airbnb ROI: -1.97% 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.	$514,900	Airbnb cash on cash: -1.27% Traditional cash on cash: 4.62% Airbnb Rental Income: $1203 Traditional Rental Income: $3647 Airbnb ROI: -1.27% 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.	$649,000	Airbnb cash on cash: -2.04% Traditional cash on cash: 1.04% Airbnb Rental Income: $1039 Traditional Rental Income: $2542 Airbnb ROI: -2.04% Traditional ROI: 1.04%
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: -0.9% Traditional cash on cash: 3.75% Airbnb Rental Income: $857 Traditional Rental Income: $2658 Airbnb ROI: -0.9% Traditional ROI: 3.75%
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: -2.29% Traditional cash on cash: 2.4% Airbnb Rental Income: $656 Traditional Rental Income: $1388 Airbnb ROI: -2.29% Traditional ROI: 2.4%
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: -2.49% Traditional cash on cash: 2.25% Airbnb Rental Income: $708 Traditional Rental Income: $1542 Airbnb ROI: -2.49% Traditional ROI: 2.25%
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.	$339,900	Airbnb cash on cash: -2.38% Traditional cash on cash: 3.86% Airbnb Rental Income: $1039 Traditional Rental Income: $2668 Airbnb ROI: -2.38% Traditional ROI: 3.86%
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: -3.37% Traditional cash on cash: 5.36% Airbnb Rental Income: $564 Traditional Rental Income: $2343 Airbnb ROI: -3.37% 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.	$218,500	Airbnb cash on cash: -3.83% Traditional cash on cash: -0.46% Airbnb Rental Income: $708 Traditional Rental Income: $1100 Airbnb ROI: -3.83% Traditional ROI: -0.46%
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.	$224,500	Airbnb cash on cash: -0.07% Traditional cash on cash: 4.48% Airbnb Rental Income: $1267 Traditional Rental Income: $1835 Airbnb ROI: -0.07% 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.	$144,900	Airbnb cash on cash: -2.89% Traditional cash on cash: 0.45% Airbnb Rental Income: $708 Traditional Rental Income: $865 Airbnb ROI: -2.89% Traditional ROI: 0.45%
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.	$160,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 5.22% Airbnb Rental Income: $967 Traditional Rental Income: $1349 Airbnb ROI: 0.43% Traditional ROI: 5.22%
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: 0.45% Traditional cash on cash: 4.46% Airbnb Rental Income: $1048 Traditional Rental Income: $1260 Airbnb ROI: 0.45% 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.	$189,900	Airbnb cash on cash: 1.93% Traditional cash on cash: 3.94% Airbnb Rental Income: $1267 Traditional Rental Income: $1230 Airbnb ROI: 1.93% Traditional ROI: 3.94%
2222 Rome Drive #B Indianapolis, IN Welcome to the newest recently UPDATED condo! This home is located in the very sought afte...	2 beds \| 2 baths \| 1,362 sq.ft.	$187,000	Airbnb cash on cash: -0.89% Traditional cash on cash: 2.77% Airbnb Rental Income: $916 Traditional Rental Income: $1224 Airbnb ROI: -0.89% Traditional ROI: 2.77%
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.	$218,961	Airbnb cash on cash: 1.55% Traditional cash on cash: 4.65% Airbnb Rental Income: $1373 Traditional Rental Income: $1598 Airbnb ROI: 1.55% Traditional ROI: 4.65%
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.	$249,900	Airbnb cash on cash: -1% Traditional cash on cash: 2.27% Airbnb Rental Income: $1039 Traditional Rental Income: $1449 Airbnb ROI: -1% Traditional ROI: 2.27%
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.	$94,900	Airbnb cash on cash: -3.68% Traditional cash on cash: -1.06% Airbnb Rental Income: $703 Traditional Rental Income: $639 Airbnb ROI: -3.68% Traditional ROI: -1.06%
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: 0.63% Traditional cash on cash: 6.61% Airbnb Rental Income: $1228 Traditional Rental Income: $2108 Airbnb ROI: 0.63% Traditional ROI: 6.61%
735 Lexington Avenue #11 Indianapolis, IN Step into a lifestyle as storied as its surroundings at the historic Union Laundry Lofts, ...	2 beds \| 2 baths \| 1,716 sq.ft.	$359,900	Airbnb cash on cash: -1.34% Traditional cash on cash: 3.06% Airbnb Rental Income: $954 Traditional Rental Income: $2095 Airbnb ROI: -1.34% Traditional ROI: 3.06%
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: -2.6% Traditional cash on cash: -2.05% Airbnb Rental Income: $1310 Traditional Rental Income: $3109 Airbnb ROI: -2.6% Traditional ROI: -2.05%
8043 Harbor Walk Lane Indianapolis, IN Incredible value and space in Bay Shore Villas! Ideal for investors, first-time buyers, or...	2 beds \| 3 baths \| 1,632 sq.ft.	$189,950	Airbnb cash on cash: 0.93% Traditional cash on cash: 8.9% Airbnb Rental Income: $1198 Traditional Rental Income: $2248 Airbnb ROI: 0.93% Traditional ROI: 8.9%
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: 0.65% Traditional cash on cash: 5.21% Airbnb Rental Income: $1267 Traditional Rental Income: $1839 Airbnb ROI: 0.65% Traditional ROI: 5.21%
2363 Colfax Lane Indianapolis, IN Four stunning condos, one afternoon, and your chance to win! Join our Condo Crawl this Sun...	2 beds \| 3 baths \| 1,581 sq.ft.	$236,500	Airbnb cash on cash: 2.32% Traditional cash on cash: 5.26% Airbnb Rental Income: $1844 Traditional Rental Income: $2007 Airbnb ROI: 2.32% Traditional ROI: 5.26%
6048 S Bay Drive Indianapolis, IN	2 beds \| 4 baths \| 1,472 sq.ft.	$224,900	Airbnb cash on cash: 0.89% Traditional cash on cash: 6.24% Airbnb Rental Income: $1267 Traditional Rental Income: $2005 Airbnb ROI: 0.89% Traditional ROI: 6.24%
230 E 9th St #410 Indianapolis, IN Fully-Furnished studio condo in the heart of downtown Indy! Updated spacious kitchen with ...	1 beds \| 1 baths \| 447 sq.ft.	$118,900	Airbnb cash on cash: -2.82% Traditional cash on cash: -0.8% Airbnb Rental Income: $708 Traditional Rental Income: $637 Airbnb ROI: -2.82% Traditional ROI: -0.8%
611 N Park Avenue #109 Indianapolis, IN Experience elevated downtown living in the iconic Real Silk Lofts-where industrial edge me...	2 beds \| 2 baths \| 1,230 sq.ft.	$349,900	Airbnb cash on cash: -3.38% Traditional cash on cash: -0.95% Airbnb Rental Income: $1039 Traditional Rental Income: $1474 Airbnb ROI: -3.38% Traditional ROI: -0.95%
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: -2.76% Traditional cash on cash: -0.08% Airbnb Rental Income: $954 Traditional Rental Income: $2291 Airbnb ROI: -2.76% Traditional ROI: -0.08%
643 Fort Wayne Ave #H Indianapolis, IN	2 beds \| 1 baths \| 960 sq.ft.	$225,000	Airbnb cash on cash: -0.66% Traditional cash on cash: -0.15% Airbnb Rental Income: $1039 Traditional Rental Income: $785 Airbnb ROI: -0.66% Traditional ROI: -0.15%
1011 N Ogden St Indianapolis, IN Welcome to this well-maintained 1 bedroom, 1 bathroom condo in downtown Indianapolis offer...	1 beds \| 1 baths \| 861 sq.ft.	$224,900	Airbnb cash on cash: -1.23% Traditional cash on cash: 2.51% Airbnb Rental Income: $708 Traditional Rental Income: $1198 Airbnb ROI: -1.23% 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: 1.06% Traditional cash on cash: 4.32% Airbnb Rental Income: $972 Traditional Rental Income: $1267 Airbnb ROI: 1.06% 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.	$324,900	Airbnb cash on cash: -0.32% Traditional cash on cash: 5.57% Airbnb Rental Income: $978 Traditional Rental Income: $2424 Airbnb ROI: -0.32% Traditional ROI: 5.57%
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.	$329,900	Airbnb cash on cash: 0.02% Traditional cash on cash: 3.75% Airbnb Rental Income: $1530 Traditional Rental Income: $2244 Airbnb ROI: 0.02% Traditional ROI: 3.75%
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: 0.25% Traditional cash on cash: 4.95% Airbnb Rental Income: $1530 Traditional Rental Income: $2303 Airbnb ROI: 0.25% 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: -0.37% Traditional cash on cash: 6.73% Airbnb Rental Income: $997 Traditional Rental Income: $1793 Airbnb ROI: -0.37% Traditional ROI: 6.73%

Your search for investment property begins and ends here

Condos for Sale in Indianapolis, IN

4251 Woodsage Trace

Indianapolis, IN

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

$137,500

Airbnb cash on cash: -4.18%

Traditional cash on cash: 4.04%

Airbnb Rental Income: $614

Traditional Rental Income: $1408

Airbnb ROI: -4.18%

Traditional ROI: 4.04%

1306 Tishman Lane

Indianapolis, IN

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

$128,900

Airbnb cash on cash: 2%

Traditional cash on cash: 5.17%

Airbnb Rental Income: $1402

Traditional Rental Income: $1372

Airbnb ROI: 2%

Traditional ROI: 5.17%

1619 Marborough Lane

Indianapolis, IN

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

$149,000

Airbnb cash on cash: 2.47%

Traditional cash on cash: 6.21%

Airbnb Rental Income: $1377

Traditional Rental Income: $1492

Airbnb ROI: 2.47%

Traditional ROI: 6.21%

5263 Windridge Drive

Indianapolis, IN

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

$395,000

Airbnb cash on cash: -0.53%

Traditional cash on cash: 2.46%

Airbnb Rental Income: $1869

Traditional Rental Income: $2474

Airbnb ROI: -0.53%

Traditional ROI: 2.46%

6525 Emerald Hill Court #206

Indianapolis, IN

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

$174,900

Airbnb cash on cash: -1.97%

Traditional cash on cash: 6.82%

Airbnb Rental Income: $767

Traditional Rental Income: $1914

Airbnb ROI: -1.97%

Traditional ROI: 6.82%

8079 Lower Bay Lane

Indianapolis, IN

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

$514,900

Airbnb cash on cash: -1.27%

Traditional cash on cash: 4.62%

Airbnb Rental Income: $1203

Traditional Rental Income: $3647

Airbnb ROI: -1.27%

Traditional ROI: 4.62%

333 Massachusetts Avenue #305

Indianapolis, IN

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

$649,000

Airbnb cash on cash: -2.04%

Traditional cash on cash: 1.04%

Airbnb Rental Income: $1039

Traditional Rental Income: $2542

Airbnb ROI: -2.04%

Traditional ROI: 1.04%

1528 Central Avenue

Indianapolis, IN

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

$490,000

Airbnb cash on cash: -0.9%

Traditional cash on cash: 3.75%

Airbnb Rental Income: $857

Traditional Rental Income: $2658

Airbnb ROI: -0.9%