Real Estate Investment Properties for Sale in Nappanee, IN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
555 S Madison Street Nappanee, IN This home features 3 bedrooms, 1 bath, some updates have been complete in the last few yea...	3 beds \| 1 baths \| 1,636 sq.ft.	$179,900	Airbnb cash on cash: 3.15% Traditional cash on cash: 3.38% Airbnb Rental Income: $1414 Traditional Rental Income: $1029 Airbnb ROI: 3.15% Traditional ROI: 3.38%
263 Wellview Ct #26 Nappanee, IN Be one of the first to buy in Nappanee's new subdivision Wellfield Community. Welcome to y...	3 beds \| 3 baths \| 2,590 sq.ft.	$599,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 3.29% Airbnb Rental Income: $1414 Traditional Rental Income: $2965 Airbnb ROI: -0.24% Traditional ROI: 3.29%
652 Bungalow Drive Nappanee, IN Charming new construction 3 bedrooms 2 1/2 baths located just off the heart of town. Phase...	3 beds \| 3 baths \| 1,584 sq.ft.	$350,000	Airbnb cash on cash: 0.84% Traditional cash on cash: 5.62% Airbnb Rental Income: $1414 Traditional Rental Income: $2561 Airbnb ROI: 0.84% Traditional ROI: 5.62%
324 Wellfield Drive #Lot 84 Nappanee, IN Come and build your dream home in the New Wellfield Community in Nappanee. 1400 SF Pair...	3 beds \| 2 baths \| 1,500 sq.ft.	$315,000	Airbnb cash on cash: 1.18% Traditional cash on cash: 5.47% Airbnb Rental Income: $1414 Traditional Rental Income: $2260 Airbnb ROI: 1.18% Traditional ROI: 5.47%
205 Highland Street Nappanee, IN Accepting Back-Up Offers!! This charming single-family home, built in 1930, offers a blen...	3 beds \| 1 baths \| 1,104 sq.ft.	$170,000	Airbnb cash on cash: 3.75% Traditional cash on cash: 7.69% Airbnb Rental Income: $1414 Traditional Rental Income: $1627 Airbnb ROI: 3.75% Traditional ROI: 7.69%
1258 N main Street Nappanee, IN	4 beds \| 3 baths \| 1,844 sq.ft.	$342,500	Airbnb cash on cash: N/A Traditional cash on cash: 7.33% Airbnb Rental Income: $null Traditional Rental Income: $2945 Airbnb ROI: N/A Traditional ROI: 7.33%
754 W. Market Street Nappanee, IN This 3-BR 1 bath Classic is a great way to stop paying rent and buy your own home. Spacio...	3 beds \| 1 baths \| 1,147 sq.ft.	$162,500	Airbnb cash on cash: 3.86% Traditional cash on cash: 8.87% Airbnb Rental Income: $1414 Traditional Rental Income: $1766 Airbnb ROI: 3.86% Traditional ROI: 8.87%
72192 CR 9 Nappanee, IN Immaculate family home on beautiful country lot in Nappanee and all the mechanicals have ...	4 beds \| 2 baths \| N/A	$324,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.88% Airbnb Rental Income: $null Traditional Rental Income: $2663 Airbnb ROI: N/A Traditional ROI: 6.88%
72355 County Road 3 Nappanee, IN Investment property! 2 for 1 deal! Two homes and approximately 0.74A of land. House #...	5 beds \| 3 baths \| 1,920 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.99% Airbnb Rental Income: $null Traditional Rental Income: $3144 Airbnb ROI: N/A Traditional ROI: 7.99%
556 Broad Avenue Nappanee, IN Your chance to step into your impeccable 3 bed / 1 bath cozy home in Wa-Nee school distric...	3 beds \| 1 baths \| 1,108 sq.ft.	$214,900	Airbnb cash on cash: 2.28% Traditional cash on cash: 5.92% Airbnb Rental Income: $1414 Traditional Rental Income: $1731 Airbnb ROI: 2.28% Traditional ROI: 5.92%
401 W. Indiana Ave. Nappanee, IN This 3-BR 1 bath Beauty is sure to please! No Honey Do List here! The outside has new v...	3 beds \| 1 baths \| 1,280 sq.ft.	$235,000	Airbnb cash on cash: 2.68% Traditional cash on cash: 6.44% Airbnb Rental Income: $1414 Traditional Rental Income: $1825 Airbnb ROI: 2.68% Traditional ROI: 6.44%
608 E. Lincoln Street Nappanee, IN This 3 BR 1 Bath starter home has lots of possibilities for the young couple tired of ren...	3 beds \| 1 baths \| 1,386 sq.ft.	$159,900	Airbnb cash on cash: 3.93% Traditional cash on cash: 9.65% Airbnb Rental Income: $1414 Traditional Rental Income: $1863 Airbnb ROI: 3.93% Traditional ROI: 9.65%
701 N Elm Street Nappanee, IN *OPEN HOUSE!* Sunday, Nov 23rd from 1-3pm! Well-maintained two-story home on North Elm...	3 beds \| 2 baths \| 1,470 sq.ft.	$239,900	Airbnb cash on cash: 2.31% Traditional cash on cash: 7.62% Airbnb Rental Income: $1414 Traditional Rental Income: $2194 Airbnb ROI: 2.31% Traditional ROI: 7.62%
346 Wellfield Drive Nappanee, IN Coming Soon - New Construction Villa at Wellfield! (LOT 83B) This beautiful open-concept ...	2 beds \| 2 baths \| 1,640 sq.ft.	$319,000	Airbnb cash on cash: 1.14% Traditional cash on cash: 5.84% Airbnb Rental Income: $1414 Traditional Rental Income: $2398 Airbnb ROI: 1.14% Traditional ROI: 5.84%
251 N. Locke Street Nappanee, IN Great starter home with lots of charm! This one-and-a-half-story home features 3 bedrooms,...	3 beds \| 3 baths \| 1,038 sq.ft.	$199,000	Airbnb cash on cash: 2.59% Traditional cash on cash: 8.74% Airbnb Rental Income: $1414 Traditional Rental Income: $2151 Airbnb ROI: 2.59% Traditional ROI: 8.74%
72193 County Road 9 Nappanee, IN Welcome to this stunning four-bedroom ranch, perfectly situated on just over an acre and o...	4 beds \| 2 baths \| 3,328 sq.ft.	$374,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.77% Airbnb Rental Income: $null Traditional Rental Income: $2654 Airbnb ROI: N/A Traditional ROI: 5.77%
302 Woodview Dr. Nappanee, IN 3-BR 1 bath ranch on over an acre lot in WaNee Schools. Spacious floor plan, hardwood fl...	3 beds \| 1 baths \| 1,365 sq.ft.	$246,900	Airbnb cash on cash: 1.89% Traditional cash on cash: 5.94% Airbnb Rental Income: $1414 Traditional Rental Income: $1933 Airbnb ROI: 1.89% Traditional ROI: 5.94%

Real Estate investment in Nappanee, IN

There are 17 properties for sale in the city of Nappanee . The median list price in Nappanee is $246,900 and the average price per square foot is $152. In December 2025, the average monthly cash on cash return in Nappanee is 6.00%. The average monthly rental income in Nappanee is $2,194.

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

There are 17 investment properties available for sale in Nappanee.

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

The ROI for Long-Term is higher than the Short-Term in Nappanee with average rental income of $2,194.

Your search for investment property begins and ends here

Investment Property for Sale in Nappanee, IN

555 S Madison Street

Nappanee, IN

3 beds | 1 baths | 1,636 sq.ft.

$179,900

Airbnb cash on cash: 3.15%

Traditional cash on cash: 3.38%

Airbnb Rental Income: $1414

Traditional Rental Income: $1029

Airbnb ROI: 3.15%

Traditional ROI: 3.38%

263 Wellview Ct #26

Nappanee, IN

3 beds | 3 baths | 2,590 sq.ft.

$599,000

Airbnb cash on cash: -0.24%

Traditional cash on cash: 3.29%

Airbnb Rental Income: $1414

Traditional Rental Income: $2965

Airbnb ROI: -0.24%

Traditional ROI: 3.29%

652 Bungalow Drive

Nappanee, IN

3 beds | 3 baths | 1,584 sq.ft.

$350,000

Airbnb cash on cash: 0.84%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $1414

Traditional Rental Income: $2561

Airbnb ROI: 0.84%

Traditional ROI: 5.62%

324 Wellfield Drive #Lot 84

Nappanee, IN

3 beds | 2 baths | 1,500 sq.ft.

$315,000

Airbnb cash on cash: 1.18%

Traditional cash on cash: 5.47%

Airbnb Rental Income: $1414

Traditional Rental Income: $2260

Airbnb ROI: 1.18%

Traditional ROI: 5.47%

205 Highland Street

Nappanee, IN

3 beds | 1 baths | 1,104 sq.ft.

$170,000

Airbnb cash on cash: 3.75%

Traditional cash on cash: 7.69%

Airbnb Rental Income: $1414

Traditional Rental Income: $1627

Airbnb ROI: 3.75%

Traditional ROI: 7.69%

1258 N main Street

Nappanee, IN

4 beds | 3 baths | 1,844 sq.ft.

$342,500

Airbnb cash on cash: N/A

Traditional cash on cash: 7.33%

Airbnb Rental Income: $null

Traditional Rental Income: $2945

Airbnb ROI: N/A

Traditional ROI: 7.33%

754 W. Market Street

Nappanee, IN

3 beds | 1 baths | 1,147 sq.ft.

$162,500

Airbnb cash on cash: 3.86%

Traditional cash on cash: 8.87%

Airbnb Rental Income: $1414

Traditional Rental Income: $1766

Airbnb ROI: 3.86%

Traditional ROI: 8.87%

72192 CR 9

Nappanee, IN

4 beds | 2 baths | N/A

$324,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.88%

Airbnb Rental Income: $null

Traditional Rental Income: $2663

Airbnb ROI: N/A