Real Estate Investment Properties for Sale in Merrillville, IN

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

Explore a variety of short-term homes & houses in Merrillville, IN. Invest wisely with VRBO & Merrillville, 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 Merrillville, IN

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
6853 Meadow View Lane Merrillville, IN Wonderful Home newer Subdivision. Pick your own living room "Carpet Color" A very Romantic...	3 beds \| 2 baths \| 1,600 sq.ft.	$299,999	Airbnb cash on cash: 5.21% Traditional cash on cash: 5.42% Airbnb Rental Income: $2760 Traditional Rental Income: $2168 Airbnb ROI: 5.21% Traditional ROI: 5.42%
2001 W 75th Place #18 Merrillville, IN Beautifully Remodeled Main-Floor Condo in Prime LocationStep into comfort and convenience ...	2 beds \| 2 baths \| 1,260 sq.ft.	$179,900	Airbnb cash on cash: -0.08% Traditional cash on cash: 5.86% Airbnb Rental Income: $1062 Traditional Rental Income: $1713 Airbnb ROI: -0.08% Traditional ROI: 5.86%
12 Sunset Road Merrillville, IN Welcome home to this beautifully updated 3-bedroom, 1.5-bath ranch blending timeless charm...	3 beds \| 2 baths \| 1,200 sq.ft.	$240,000	Airbnb cash on cash: 7.36% Traditional cash on cash: 6.22% Airbnb Rental Income: $2760 Traditional Rental Income: $1851 Airbnb ROI: 7.36% Traditional ROI: 6.22%
4491 W 77th Avenue Merrillville, IN Welcome to this beautiful half Duplex with 3 levels of living. This better than new home ...	3 beds \| 4 baths \| 2,711 sq.ft.	$375,000	Airbnb cash on cash: 3.77% Traditional cash on cash: 6.47% Airbnb Rental Income: $2760 Traditional Rental Income: $3061 Airbnb ROI: 3.77% Traditional ROI: 6.47%
3792 W 70th Lane Merrillville, IN Shows Like New Construction - This Beautifully Updated Split-Level Townhome offers over 2,...	3 beds \| 2 baths \| 2,312 sq.ft.	$295,000	Airbnb cash on cash: 5.56% Traditional cash on cash: 6.72% Airbnb Rental Income: $2760 Traditional Rental Income: $2435 Airbnb ROI: 5.56% Traditional ROI: 6.72%
3343 E 78th Place Merrillville, IN This beautifully updated tri-level home offers a perfect blend of function, flexibility, a...	3 beds \| 2 baths \| 1,848 sq.ft.	$314,999	Airbnb cash on cash: 4.95% Traditional cash on cash: 5.22% Airbnb Rental Income: $2760 Traditional Rental Income: $2192 Airbnb ROI: 4.95% Traditional ROI: 5.22%
3315 W 77th Place Merrillville, IN Welcome to this well-maintained, move-in ready home offering 4 bedrooms, 2.5 bathrooms, an...	4 beds \| 3 baths \| 2,055 sq.ft.	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.65% Airbnb Rental Income: $null Traditional Rental Income: $2614 Airbnb ROI: N/A Traditional ROI: 7.65%
7160 Colorado Street Merrillville, IN Don't miss this brand new 5 bed, 3.5 bath two story that sits on 3/4 of an acre! As you wa...	5 beds \| 4 baths \| 2,417 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.74% Airbnb Rental Income: $null Traditional Rental Income: $3309 Airbnb ROI: N/A Traditional ROI: 5.74%
816 W 67TH LN Merrillville, IN Invest with success and buy through Auction.com. This bank-owned investment property is a ...	3 beds \| 1.5 baths \| 1,676 sq.ft.	$233,000	Airbnb cash on cash: 7.32% Traditional cash on cash: 5.81% Airbnb Rental Income: $2760 Traditional Rental Income: $1780 Airbnb ROI: 7.32% Traditional ROI: 5.81%
5421 Buchanan Street Merrillville, IN Don't Miss the Chance to Make This Beautiful Home Yours!This brick home features 3 spaciou...	3 beds \| 2 baths \| 2,760 sq.ft.	$250,000	Airbnb cash on cash: 6.28% Traditional cash on cash: 5.23% Airbnb Rental Income: $2760 Traditional Rental Income: $1862 Airbnb ROI: 6.28% Traditional ROI: 5.23%
7275 Grant Street Merrillville, IN Stop renting now - a brand new Paired Villa is ready for you now in Savannah Cove! This th...	2 beds \| 2 baths \| 1,616 sq.ft.	$299,775	Airbnb cash on cash: 0.25% Traditional cash on cash: 5.71% Airbnb Rental Income: $1062 Traditional Rental Income: $2236 Airbnb ROI: 0.25% Traditional ROI: 5.71%
8536 Florida Street Merrillville, IN New construction. Four bedroom, 2.5 bath two story with full look out basement. 10 x 10 de...	4 beds \| 3 baths \| 1,870 sq.ft.	$359,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.19% Airbnb Rental Income: $null Traditional Rental Income: $2533 Airbnb ROI: N/A Traditional ROI: 6.19%
8528 Florida Street Merrillville, IN New Construction - Quick Possession! Auburn II plan: 3-BR 2.5-BA 2-Story Layout - 1,680 fi...	3 beds \| 3 baths \| 1,680 sq.ft.	$343,900	Airbnb cash on cash: 5.21% Traditional cash on cash: 5.8% Airbnb Rental Income: $2760 Traditional Rental Income: $2301 Airbnb ROI: 5.21% Traditional ROI: 5.8%
5945 Harrison Street Merrillville, IN A Rare Opportunity!Discover this stunning 4-bedroom, 3-bath residence set on a FULL acre o...	4 beds \| 3 baths \| 2,600 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.59% Airbnb Rental Income: $null Traditional Rental Income: $2901 Airbnb ROI: N/A Traditional ROI: 6.59%
23 Sunset Road Merrillville, IN Don't miss out on this surprisingly spacious and fully remodeled ranch home! Every detail ...	4 beds \| 2 baths \| 1,945 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.51% Airbnb Rental Income: $null Traditional Rental Income: $2402 Airbnb ROI: N/A Traditional ROI: 7.51%
4019 W 76th Lane Merrillville, IN This tri-level home is located in Crescent Lake Subdivision. It boasts 3 bedrooms, 1 3/4 ...	3 beds \| 2 baths \| 1,760 sq.ft.	$240,000	Airbnb cash on cash: 7.07% Traditional cash on cash: 6.98% Airbnb Rental Income: $2760 Traditional Rental Income: $2090 Airbnb ROI: 7.07% Traditional ROI: 6.98%
5888 Adams Street Merrillville, IN Modern Elegance Meets Everyday Comfort in a Prime Location!Nestled in a quiet, peaceful ne...	3 beds \| 2 baths \| 2,160 sq.ft.	$314,500	Airbnb cash on cash: 3.73% Traditional cash on cash: 4.89% Airbnb Rental Income: $2760 Traditional Rental Income: $2454 Airbnb ROI: 3.73% Traditional ROI: 4.89%
6034 Harrison Street Merrillville, IN Welcome to this beautifully renovated 2-story masterpiece in the heart of Merrillville, In...	3 beds \| 1 baths \| 1,544 sq.ft.	$278,000	Airbnb cash on cash: 6.3% Traditional cash on cash: 2.94% Airbnb Rental Income: $2760 Traditional Rental Income: $1231 Airbnb ROI: 6.3% Traditional ROI: 2.94%
860 W 79th Avenue Merrillville, IN Ready-to-Build New Construction!Create the home you've always envisioned with this stunnin...	4 beds \| 2 baths \| 2,004 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.44% Airbnb Rental Income: $null Traditional Rental Income: $2565 Airbnb ROI: N/A Traditional ROI: 5.44%
6131 Glen Drive Merrillville, IN This stunning 5-bedroom, 3-bathroom brick ranch has been completely remodeled and is move-...	5 beds \| 3 baths \| 2,156 sq.ft.	$348,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.34% Airbnb Rental Income: $null Traditional Rental Income: $2788 Airbnb ROI: N/A Traditional ROI: 6.34%
7062 Grant Street Merrillville, IN Under Construction, Tentative July/August Completion: Discover the Grayson, a brand-new to...	3 beds \| 3 baths \| 1,616 sq.ft.	$307,945	Airbnb cash on cash: 5.08% Traditional cash on cash: 6.19% Airbnb Rental Income: $2760 Traditional Rental Income: $2432 Airbnb ROI: 5.08% Traditional ROI: 6.19%
7064 Grant Street Merrillville, IN *Late Summer Delivery* - The Monterey, a beautifully designed brand new paired villa i...	2 beds \| 3 baths \| 1,616 sq.ft.	$305,370	Airbnb cash on cash: 0.22% Traditional cash on cash: 6.38% Airbnb Rental Income: $1062 Traditional Rental Income: $2468 Airbnb ROI: 0.22% Traditional ROI: 6.38%
7084 Grant Street Merrillville, IN Under Construction, Tentative July/August Completion: Discover the Monterey, a brand-new t...	2 beds \| 3 baths \| 1,616 sq.ft.	$284,415	Airbnb cash on cash: 0.37% Traditional cash on cash: 6.88% Airbnb Rental Income: $1062 Traditional Rental Income: $2442 Airbnb ROI: 0.37% Traditional ROI: 6.88%
2962 W 63rd Place Merrillville, IN A NEW ROOF is scheduled to be installed this month. ( Current roof is NOT leaking, but it ...	3 beds \| 2 baths \| 1,861 sq.ft.	$234,900	Airbnb cash on cash: 7.29% Traditional cash on cash: 7.77% Airbnb Rental Income: $2760 Traditional Rental Income: $2217 Airbnb ROI: 7.29% Traditional ROI: 7.77%
7082 Grant Street Merrillville, IN Move into your new home late summer 2025! Welcome to the Fenwick, a stunning new pair vill...	3 beds \| 3 baths \| 1,596 sq.ft.	$285,565	Airbnb cash on cash: 5.62% Traditional cash on cash: 6.69% Airbnb Rental Income: $2760 Traditional Rental Income: $2399 Airbnb ROI: 5.62% Traditional ROI: 6.69%
2462 W 85th Lane Merrillville, IN This spacious 4-bedroom, 4-bathroom home offers a thoughtful layout with multiple living a...	4 beds \| 4 baths \| 3,683 sq.ft.	$429,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.11% Airbnb Rental Income: $null Traditional Rental Income: $3733 Airbnb ROI: N/A Traditional ROI: 7.11%
4091 W 76th Lane Merrillville, IN Picture yourself living the resort lifestyle in this Well maintained and updated 4 bedroo...	4 beds \| 2 baths \| 2,116 sq.ft.	$329,997	Airbnb cash on cash: N/A Traditional cash on cash: 5.8% Airbnb Rental Income: $null Traditional Rental Income: $2446 Airbnb ROI: N/A Traditional ROI: 5.8%
6374 Marshall Court Merrillville, IN Welcome to this tri-level masterpiece located in Merrillville, Indiana! This completely re...	3 beds \| 2 baths \| 2,452 sq.ft.	$339,000	Airbnb cash on cash: 4.78% Traditional cash on cash: 5.66% Airbnb Rental Income: $2760 Traditional Rental Income: $2391 Airbnb ROI: 4.78% Traditional ROI: 5.66%
3681 W 75th Court Merrillville, IN Investor Opportunity with Big Potential â Fire-Damaged Property Buyers or investors loo...	4 beds \| 2 baths \| 1,704 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.56% Airbnb Rental Income: $null Traditional Rental Income: $2199 Airbnb ROI: N/A Traditional ROI: 10.56%
8269 Johnson Street Merrillville, IN Welcome to this elegant and spacious 4-bedroom, 2-bath bi-level home in the desirable Sedo...	4 beds \| 2 baths \| 2,594 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.35% Airbnb Rental Income: $null Traditional Rental Income: $2463 Airbnb ROI: N/A Traditional ROI: 7.35%
2913 W 84th Place Merrillville, IN Wait till you see the inside of this IMMACULATE Brick & Vinyl, 2864 Total SF Quad Level Ho...	4 beds \| 3 baths \| 2,104 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.22% Airbnb Rental Income: $null Traditional Rental Income: $2708 Airbnb ROI: N/A Traditional ROI: 6.22%
7030 Van Buren Lane Merrillville, IN This 3 br 1ba ranch home with partially finished basement is looking for a new owner to co...	3 beds \| 1 baths \| 1,664 sq.ft.	$209,000	Airbnb cash on cash: 8.98% Traditional cash on cash: 6.31% Airbnb Rental Income: $2760 Traditional Rental Income: $1582 Airbnb ROI: 8.98% Traditional ROI: 6.31%
4234 W 78th Avenue Merrillville, IN Welcome to 4234 W 78th Avenue, a gorgeous custom-built ranch located in the desirable FoxM...	3 beds \| 2 baths \| 1,870 sq.ft.	$399,900	Airbnb cash on cash: 3.48% Traditional cash on cash: 4.34% Airbnb Rental Income: $2760 Traditional Rental Income: $2435 Airbnb ROI: 3.48% Traditional ROI: 4.34%
7897 Wright Street Merrillville, IN This well-maintained 3-bedroom, 2-bath home offers a spacious open-concept layout designed...	3 beds \| 2 baths \| 1,650 sq.ft.	$274,999	Airbnb cash on cash: 5.91% Traditional cash on cash: 6.01% Airbnb Rental Income: $2760 Traditional Rental Income: $2137 Airbnb ROI: 5.91% Traditional ROI: 6.01%
5375 Delaware Street Merrillville, IN This 5br (3 on main level, 2 in basement) ranch home with 1 car attached garage and 3 bath...	5 beds \| 3 baths \| 2,864 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.26% Airbnb Rental Income: $null Traditional Rental Income: $3126 Airbnb ROI: N/A Traditional ROI: 10.26%

Real Estate investment in Merrillville, IN

There are 68 properties for sale in the city of Merrillville . The median list price in Merrillville is $280,000 and the average price per square foot is $146. In September 2025, the average monthly cash on cash return in Merrillville is 6.00%. The average monthly rental income in Merrillville is $2,252.

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

There are 68 investment properties available for sale in Merrillville.

In 2025, the best neighborhood to buy investment property is Merrillville.

The ROI for Short-Term is higher than the Long-Term in Merrillville with average rental income of $2,760.

Your search for investment property begins and ends here

Investment Property for Sale in Merrillville, IN

6853 Meadow View Lane

Merrillville, IN

3 beds | 2 baths | 1,600 sq.ft.

$299,999

Airbnb cash on cash: 5.21%

Traditional cash on cash: 5.42%

Airbnb Rental Income: $2760

Traditional Rental Income: $2168

Airbnb ROI: 5.21%

Traditional ROI: 5.42%

2001 W 75th Place #18

Merrillville, IN

2 beds | 2 baths | 1,260 sq.ft.

$179,900

Airbnb cash on cash: -0.08%

Traditional cash on cash: 5.86%

Airbnb Rental Income: $1062

Traditional Rental Income: $1713

Airbnb ROI: -0.08%

Traditional ROI: 5.86%

12 Sunset Road

Merrillville, IN

3 beds | 2 baths | 1,200 sq.ft.

$240,000

Airbnb cash on cash: 7.36%

Traditional cash on cash: 6.22%

Airbnb Rental Income: $2760

Traditional Rental Income: $1851

Airbnb ROI: 7.36%

Traditional ROI: 6.22%

4491 W 77th Avenue

Merrillville, IN

3 beds | 4 baths | 2,711 sq.ft.

$375,000

Airbnb cash on cash: 3.77%

Traditional cash on cash: 6.47%

Airbnb Rental Income: $2760

Traditional Rental Income: $3061

Airbnb ROI: 3.77%

Traditional ROI: 6.47%

3792 W 70th Lane

Merrillville, IN

3 beds | 2 baths | 2,312 sq.ft.

$295,000

Airbnb cash on cash: 5.56%

Traditional cash on cash: 6.72%

Airbnb Rental Income: $2760

Traditional Rental Income: $2435

Airbnb ROI: 5.56%

Traditional ROI: 6.72%

3343 E 78th Place

Merrillville, IN

3 beds | 2 baths | 1,848 sq.ft.

$314,999

Airbnb cash on cash: 4.95%

Traditional cash on cash: 5.22%

Airbnb Rental Income: $2760

Traditional Rental Income: $2192

Airbnb ROI: 4.95%

Traditional ROI: 5.22%

3315 W 77th Place

Merrillville, IN

4 beds | 3 baths | 2,055 sq.ft.

$280,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.65%

Airbnb Rental Income: $null

Traditional Rental Income: $2614

Airbnb ROI: N/A

Traditional ROI: 7.65%

7160 Colorado Street

Merrillville, IN

5 beds | 4 baths | 2,417 sq.ft.

$499,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.74%

Airbnb Rental Income: $null

Traditional Rental Income: $3309

Airbnb ROI: N/A