Real Estate Investment Properties for Sale in Memphis, IN

Looking for investment property in Memphis, IN with high ROI ?

Explore a variety of short-term homes & houses in Memphis, IN. Invest wisely with VRBO & Memphis, IN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Memphis, IN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2403 Johnson Pass Memphis, IN Welcome to this stunning 2024-built home in the desirable Fairview Farms Subdivision! Pric...	3 beds \| 2 baths \| 1,215 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.48% Airbnb Rental Income: $null Traditional Rental Income: $1981 Airbnb ROI: N/A Traditional ROI: 5.48%
5709 Harmony Woods LOT 1001 Memphis, IN Eligible for USDA Rural Housing (if you qualify). You could own this home with no money do...	3 beds \| 2 baths \| 1,425 sq.ft.	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.83% Airbnb Rental Income: $null Traditional Rental Income: $2090 Airbnb ROI: N/A Traditional ROI: 5.83%
833 Kings Court Memphis, IN Come check out The Whithaven Plan in Kingsland Fields! This floor plan is a gorgeous 3 bed...	3 beds \| 2 baths \| 1,563 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.08% Airbnb Rental Income: $null Traditional Rental Income: $2242 Airbnb ROI: N/A Traditional ROI: 5.08%
2222 Pine Tree Lane LOT#112 Memphis, IN Welcome to the âNew Libertyâ plan with 2090 sq ft of finished living space designed fo...	4 beds \| 3 baths \| 2,090 sq.ft.	$364,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.56% Airbnb Rental Income: $null Traditional Rental Income: $2651 Airbnb ROI: N/A Traditional ROI: 5.56%
2428 Johnson Pass LOT#235 Memphis, IN Ask about our 3-2-1 Interest Rate Buydown. Your first year interest rate could be as low ...	3 beds \| 2 baths \| 1,390 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.78% Airbnb Rental Income: $null Traditional Rental Income: $2198 Airbnb ROI: N/A Traditional ROI: 5.78%
2426 Johnson Pass #LOT 236 Memphis, IN BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDER ESTI...	3 beds \| 2 baths \| 1,446 sq.ft.	$294,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.84% Airbnb Rental Income: $null Traditional Rental Income: $2249 Airbnb ROI: N/A Traditional ROI: 5.84%
2424 Johnson Pass #LOT 237 Memphis, IN BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDER ESTI...	4 beds \| 2 baths \| 1,787 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.67% Airbnb Rental Income: $null Traditional Rental Income: $2446 Airbnb ROI: N/A Traditional ROI: 5.67%
2608 Vineyard Way #LOT 227 Memphis, IN BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDER ESTI...	4 beds \| 3 baths \| 2,194 sq.ft.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.68% Airbnb Rental Income: $null Traditional Rental Income: $2797 Airbnb ROI: N/A Traditional ROI: 5.68%
2618 Vineyard Way LOT 232 Memphis, IN ASK ABOUT OUR INTEREST RATE BUYDOWN OR NO CLOSING COSTS OPTIONS. Estimated Completion D...	3 beds \| 2 baths \| 1,425 sq.ft.	$304,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.41% Airbnb Rental Income: $null Traditional Rental Income: $2198 Airbnb ROI: N/A Traditional ROI: 5.41%
2030 Fairview Farm Drive LOT 219 Memphis, IN ASK ABOUT OUR RATE BUYDOWN AND NO CLOSING COSTS OPTIONS. Estimated Completion is Late J...	3 beds \| 2 baths \| 1,425 sq.ft.	$309,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.33% Airbnb Rental Income: $null Traditional Rental Income: $2207 Airbnb ROI: N/A Traditional ROI: 5.33%
2615 Vineyard Way #LOT 211 Memphis, IN BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDER ESTI...	4 beds \| 3 baths \| 2,156 sq.ft.	$384,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.58% Airbnb Rental Income: $null Traditional Rental Income: $2795 Airbnb ROI: N/A Traditional ROI: 5.58%
2616 Vineyard Way LOT 231 Memphis, IN Ask about our Rate Buydown and No Closing Costs Options * Estimated completion date is ear...	3 beds \| 2 baths \| 1,390 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.53% Airbnb Rental Income: $null Traditional Rental Income: $2196 Airbnb ROI: N/A Traditional ROI: 5.53%
5503 Harmony Woods Memphis, IN Welcome to this beautifully updated home in the highly desirable Harmony Woods subdivision...	3 beds \| 2 baths \| 1,323 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.29% Airbnb Rental Income: $null Traditional Rental Income: $1964 Airbnb ROI: N/A Traditional ROI: 6.29%
13955 Deer Run Trace #LOT 404 Memphis, IN BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDER *Est...	4 beds \| 3 baths \| 2,274 sq.ft.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.69% Airbnb Rental Income: $null Traditional Rental Income: $2848 Airbnb ROI: N/A Traditional ROI: 5.69%
13969 Deerfield Crossing Memphis, IN Charming & beautifully designed ranch in Memphis, IN! This 1,648 sq. ft. split floor plan ...	3 beds \| 2 baths \| 1,648 sq.ft.	$309,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.16% Airbnb Rental Income: $null Traditional Rental Income: $2373 Airbnb ROI: N/A Traditional ROI: 6.16%
13940 Deer Run Trace #LOT 418 Memphis, IN BUILDER WILL PROVIDE UP TO $5,000 TOWARDS BUYERS CLOSING COST WITH PREFERRED LENDERIntro...	3 beds \| 2 baths \| 1,553 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.95% Airbnb Rental Income: $null Traditional Rental Income: $2294 Airbnb ROI: N/A Traditional ROI: 5.95%
320 Fairview Road Memphis, IN Discover the charm of this cozy home at the end of Fairview Road nestled on 3.22 peaceful ...	2 beds \| 1 baths \| 1,472 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.5% Airbnb Rental Income: $null Traditional Rental Income: $1716 Airbnb ROI: N/A Traditional ROI: 4.5%
2621 Vineyard Way LOT 208 Memphis, IN Schuler Homes' Independence Floor plan on a finished WALKOUT lower level! 4 bedrooms, 3 f...	4 beds \| 3 baths \| 2,378 sq.ft.	$429,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.62% Airbnb Rental Income: $null Traditional Rental Income: $3121 Airbnb ROI: N/A Traditional ROI: 5.62%

Real Estate investment in Memphis, IN

There are 25 properties for sale in the city of Memphis . The median list price in Memphis is $299,900 and the average price per square foot is $128. In January 2026, the average monthly cash on cash return in Memphis is 6.00%. The average monthly rental income in Memphis is $2,207.

Memphis, IN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 25 investment properties available for sale in Memphis.

In 2026, the best neighborhood to buy investment property is Memphis.

The ROI for Short-Term is higher than the Long-Term in Memphis with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Memphis, IN

2403 Johnson Pass

Memphis, IN

3 beds | 2 baths | 1,215 sq.ft.

$269,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.48%

Airbnb Rental Income: $null

Traditional Rental Income: $1981

Airbnb ROI: N/A

Traditional ROI: 5.48%

5709 Harmony Woods LOT 1001

Memphis, IN

3 beds | 2 baths | 1,425 sq.ft.

$274,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.83%

Airbnb Rental Income: $null

Traditional Rental Income: $2090

Airbnb ROI: N/A

Traditional ROI: 5.83%

833 Kings Court

Memphis, IN

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

$329,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.08%

Airbnb Rental Income: $null

Traditional Rental Income: $2242

Airbnb ROI: N/A

Traditional ROI: 5.08%

2222 Pine Tree Lane LOT#112

Memphis, IN

4 beds | 3 baths | 2,090 sq.ft.

$364,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.56%

Airbnb Rental Income: $null

Traditional Rental Income: $2651

Airbnb ROI: N/A

Traditional ROI: 5.56%

2428 Johnson Pass LOT#235

Memphis, IN

3 beds | 2 baths | 1,390 sq.ft.

$289,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.78%

Airbnb Rental Income: $null

Traditional Rental Income: $2198

Airbnb ROI: N/A

Traditional ROI: 5.78%

2426 Johnson Pass #LOT 236

Memphis, IN

3 beds | 2 baths | 1,446 sq.ft.

$294,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.84%

Airbnb Rental Income: $null

Traditional Rental Income: $2249

Airbnb ROI: N/A

Traditional ROI: 5.84%

2424 Johnson Pass #LOT 237

Memphis, IN

4 beds | 2 baths | 1,787 sq.ft.

$329,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.67%

Airbnb Rental Income: $null

Traditional Rental Income: $2446

Airbnb ROI: N/A

Traditional ROI: 5.67%

2608 Vineyard Way #LOT 227

Memphis, IN

4 beds | 3 baths | 2,194 sq.ft.

$379,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.68%

Airbnb Rental Income: $null

Traditional Rental Income: $2797

Airbnb ROI: N/A