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
305 Morningside Drive Nappanee, IN Welcome to this inviting 3-bedroom, 2-bathroom home in the heart of Nappanee, Indiana. Thi...	3 beds \| 2 baths \| 1,580 sq.ft.	$205,000	Airbnb cash on cash: 3.02% Traditional cash on cash: 9.36% Airbnb Rental Income: $1517 Traditional Rental Income: $2308 Airbnb ROI: 3.02% Traditional ROI: 9.36%
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.	$189,900	Airbnb cash on cash: 3.41% Traditional cash on cash: 3.16% Airbnb Rental Income: $1517 Traditional Rental Income: $1029 Airbnb ROI: 3.41% Traditional ROI: 3.16%
263 Wellview Ct #26 Nappanee, IN Be one of the first to buy in Nappanee's new subdivision "Wellfield Community". ...	3 beds \| 3 baths \| 2,590 sq.ft.	$619,900	Airbnb cash on cash: -0.15% Traditional cash on cash: 3.12% Airbnb Rental Income: $1517 Traditional Rental Income: $2965 Airbnb ROI: -0.15% Traditional ROI: 3.12%
651 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: 1.09% Traditional cash on cash: 5.61% Airbnb Rental Income: $1517 Traditional Rental Income: $2561 Airbnb ROI: 1.09% Traditional ROI: 5.61%
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: 1.1% Traditional cash on cash: 5.62% Airbnb Rental Income: $1517 Traditional Rental Income: $2561 Airbnb ROI: 1.1% Traditional ROI: 5.62%
280 Wellfield Drive Nappanee, IN Come and build your dream home in the New Wellfield Community in Nappanee. 1500 SF sin...	3 beds \| 2 baths \| 1,500 sq.ft.	$360,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 4.57% Airbnb Rental Income: $1517 Traditional Rental Income: $2260 Airbnb ROI: 1.06% Traditional ROI: 4.57%
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: 4.28% Traditional cash on cash: 7.69% Airbnb Rental Income: $1517 Traditional Rental Income: $1627 Airbnb ROI: 4.28% 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: 4.41% Traditional cash on cash: 8.87% Airbnb Rental Income: $1517 Traditional Rental Income: $1766 Airbnb ROI: 4.41% Traditional ROI: 8.87%
24172 County Road 48 Nappanee, IN Don't wait!!!!! This spacious 4-BR 3.5 Bath home is the perfect country get away! Large b...	4 beds \| 4 baths \| 2,000 sq.ft.	$459,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.94% Airbnb Rental Income: $null Traditional Rental Income: $2947 Airbnb ROI: N/A Traditional ROI: 4.94%
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	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.76% Airbnb Rental Income: $null Traditional Rental Income: $2663 Airbnb ROI: N/A Traditional ROI: 6.76%
1104 N Main Street Nappanee, IN Wow~ New Price of $238,900~Welcome to 1104 N. Main Street in Nappanee! This beautifully up...	3 beds \| 1 baths \| 1,801 sq.ft.	$238,900	Airbnb cash on cash: 2.04% Traditional cash on cash: 5.57% Airbnb Rental Income: $1517 Traditional Rental Income: $1873 Airbnb ROI: 2.04% Traditional ROI: 5.57%
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%
760 N Clark Street Nappanee, IN Welcome to this spacious 4-bedroom, 2-bath home offering just under 1,500 sq ft of comfort...	4 beds \| 2 baths \| 1,456 sq.ft.	$221,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.7% Airbnb Rental Income: $null Traditional Rental Income: $2340 Airbnb ROI: N/A Traditional ROI: 7.7%
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.	$219,900	Airbnb cash on cash: 2.62% Traditional cash on cash: 5.77% Airbnb Rental Income: $1517 Traditional Rental Income: $1731 Airbnb ROI: 2.62% Traditional ROI: 5.77%
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.	$239,900	Airbnb cash on cash: 2.99% Traditional cash on cash: 6.29% Airbnb Rental Income: $1517 Traditional Rental Income: $1825 Airbnb ROI: 2.99% Traditional ROI: 6.29%
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.	$168,900	Airbnb cash on cash: 4.21% Traditional cash on cash: 9.1% Airbnb Rental Income: $1517 Traditional Rental Income: $1863 Airbnb ROI: 4.21% Traditional ROI: 9.1%
256 Highland Nappanee, IN Looking for a starter home with no honey-do list? Look no further! This charming ranch-sty...	2 beds \| 1 baths \| 912 sq.ft.	$199,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.48% Airbnb Rental Income: $null Traditional Rental Income: $1544 Airbnb ROI: N/A Traditional ROI: 5.48%
701 N Elm Street Nappanee, IN Well-maintained two-story home on North Elm Street featuring 3 bedrooms, 1.5 baths, and 1,...	3 beds \| 2 baths \| 1,470 sq.ft.	$250,000	Airbnb cash on cash: 2.54% Traditional cash on cash: 7.28% Airbnb Rental Income: $1517 Traditional Rental Income: $2194 Airbnb ROI: 2.54% Traditional ROI: 7.28%

Real Estate investment in Nappanee, IN

There are 19 properties for sale in the city of Nappanee . The median list price in Nappanee is $239,900 and the average price per square foot is $155. In October 2025, the average monthly cash on cash return in Nappanee is 6.00%. The average monthly rental income in Nappanee is $2,260.

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

There are 19 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 $2,260.

Your search for investment property begins and ends here

Investment Property for Sale in Nappanee, IN

305 Morningside Drive

Nappanee, IN

3 beds | 2 baths | 1,580 sq.ft.

$205,000

Airbnb cash on cash: 3.02%

Traditional cash on cash: 9.36%

Airbnb Rental Income: $1517

Traditional Rental Income: $2308

Airbnb ROI: 3.02%

Traditional ROI: 9.36%

555 S Madison Street

Nappanee, IN

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

$189,900

Airbnb cash on cash: 3.41%

Traditional cash on cash: 3.16%

Airbnb Rental Income: $1517

Traditional Rental Income: $1029

Airbnb ROI: 3.41%

Traditional ROI: 3.16%

263 Wellview Ct #26

Nappanee, IN

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

$619,900

Airbnb cash on cash: -0.15%

Traditional cash on cash: 3.12%

Airbnb Rental Income: $1517

Traditional Rental Income: $2965

Airbnb ROI: -0.15%

Traditional ROI: 3.12%

651 Bungalow Drive

Nappanee, IN

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

$350,000

Airbnb cash on cash: 1.09%

Traditional cash on cash: 5.61%

Airbnb Rental Income: $1517

Traditional Rental Income: $2561

Airbnb ROI: 1.09%

Traditional ROI: 5.61%

652 Bungalow Drive

Nappanee, IN

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

$350,000

Airbnb cash on cash: 1.1%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $1517

Traditional Rental Income: $2561

Airbnb ROI: 1.1%

Traditional ROI: 5.62%

280 Wellfield Drive

Nappanee, IN

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

$360,000

Airbnb cash on cash: 1.06%

Traditional cash on cash: 4.57%

Airbnb Rental Income: $1517

Traditional Rental Income: $2260

Airbnb ROI: 1.06%

Traditional ROI: 4.57%

205 Highland Street

Nappanee, IN

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

$170,000

Airbnb cash on cash: 4.28%

Traditional cash on cash: 7.69%

Airbnb Rental Income: $1517

Traditional Rental Income: $1627

Airbnb ROI: 4.28%

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