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
403 E Centennial Street Nappanee, IN Do not miss your chance to own this charming 2-story home in the historic district of Napp...	3 beds \| 2 baths \| 1,824 sq.ft.	$295,000	Airbnb cash on cash: 2.13% Traditional cash on cash: 3.52% Airbnb Rental Income: $1611 Traditional Rental Income: $1538 Airbnb ROI: 2.13% Traditional ROI: 3.52%
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: 1.34% Traditional cash on cash: 5.62% Airbnb Rental Income: $1611 Traditional Rental Income: $2561 Airbnb ROI: 1.34% 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.	$329,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 5.16% Airbnb Rental Income: $1611 Traditional Rental Income: $2260 Airbnb ROI: 1.59% Traditional ROI: 5.16%
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	$309,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.26% Airbnb Rental Income: $null Traditional Rental Income: $2663 Airbnb ROI: N/A Traditional ROI: 7.26%
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.	$298,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.03% Airbnb Rental Income: $null Traditional Rental Income: $3144 Airbnb ROI: N/A Traditional ROI: 9.03%
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: 3.09% Traditional cash on cash: 5.92% Airbnb Rental Income: $1611 Traditional Rental Income: $1731 Airbnb ROI: 3.09% Traditional ROI: 5.92%
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: 5% Traditional cash on cash: 9.65% Airbnb Rental Income: $1611 Traditional Rental Income: $1863 Airbnb ROI: 5% Traditional ROI: 9.65%
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.	$329,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 5.61% Airbnb Rental Income: $1611 Traditional Rental Income: $2398 Airbnb ROI: 1.59% Traditional ROI: 5.61%
525 Miller's Court Nappanee, IN New Construction - Move-In Ready! This beautifully built ranch-style home offers modern l...	2 beds \| 2 baths \| 1,400 sq.ft.	$399,500	Airbnb cash on cash: 1% Traditional cash on cash: 4.09% Airbnb Rental Income: $1617 Traditional Rental Income: $2315 Airbnb ROI: 1% Traditional ROI: 4.09%
507 Buffalo Ct Nappanee, IN 507 Buffalo Ct, Nappanee, IN 46550 \| Manufactured Home	3 beds \| 2 baths \| 1,461 sq.ft.	$245,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 6.38% Airbnb Rental Income: $1611 Traditional Rental Income: $1998 Airbnb ROI: 2.74% Traditional ROI: 6.38%
2257 Prairie Lane Nappanee, IN Welcome to 2257 Prairie Lane in Nappaneeâa sharp, luxury home that feels warm the second...	3 beds \| 3 baths \| 3,099 sq.ft.	$519,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 4.26% Airbnb Rental Income: $1611 Traditional Rental Income: $3142 Airbnb ROI: 0.16% Traditional ROI: 4.26%
N Michigan Rd Nappanee, IN N Michigan Rd, Nappanee, IN 46550 \| Other	N/A beds \| N/A baths \| N/A	$65,000	Airbnb cash on cash: 8.29% Traditional cash on cash: 8.95% Airbnb Rental Income: $1126 Traditional Rental Income: $792 Airbnb ROI: 8.29% Traditional ROI: 8.95%
555 W Market Street Nappanee, IN Charming 3-bedroom, 1.5-bath home in the heart of Nappanee, offering 2,124 sq ft of comfor...	3 beds \| 2 baths \| 2,674 sq.ft.	$184,000	Airbnb cash on cash: 3.87% Traditional cash on cash: 11.31% Airbnb Rental Income: $1611 Traditional Rental Income: $2456 Airbnb ROI: 3.87% Traditional ROI: 11.31%
452 Miami Drive Nappanee, IN Charming and well-loved ranch in a great Nappanee neighborhood! This 3-bedroom, 1-bath hom...	3 beds \| 1 baths \| 1,392 sq.ft.	$249,900	Airbnb cash on cash: 2.77% Traditional cash on cash: 5.58% Airbnb Rental Income: $1611 Traditional Rental Income: $1815 Airbnb ROI: 2.77% Traditional ROI: 5.58%
207 E John Street Nappanee, IN Welcome to this beautifully updated 3 bedroom, 1 bath home in Nappanee, offering 1,144 squ...	3 beds \| 1 baths \| 1,144 sq.ft.	$249,900	Airbnb cash on cash: 3.05% Traditional cash on cash: 4.9% Airbnb Rental Income: $1611 Traditional Rental Income: $1589 Airbnb ROI: 3.05% Traditional ROI: 4.9%
4 Boulder Court Nappanee, IN Welcome to your serene condo nestled in the highly desired Boulder Village, perfectly situ...	2 beds \| 2 baths \| 1,132 sq.ft.	$229,900	Airbnb cash on cash: 2.23% Traditional cash on cash: 4.83% Airbnb Rental Income: $1617 Traditional Rental Income: $1724 Airbnb ROI: 2.23% Traditional ROI: 4.83%
1056 Parkwood Drive Nappanee, IN . Welcome to this maintained 2-story home in the desirable Northwood subdivision! Offering...	3 beds \| 3 baths \| 2,486 sq.ft.	$349,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 7.78% Airbnb Rental Income: $1611 Traditional Rental Income: $3217 Airbnb ROI: 1.48% Traditional ROI: 7.78%
1101 E Walnut Street Nappanee, IN Cute as a bug and move-in ready! This charming home is perfect for first-time buyers or th...	2 beds \| 2 baths \| 822 sq.ft.	$155,000	Airbnb cash on cash: 5.54% Traditional cash on cash: 8.29% Airbnb Rental Income: $1617 Traditional Rental Income: $1565 Airbnb ROI: 5.54% Traditional ROI: 8.29%
752 N Clark Street Nappanee, IN Opportunity awaits at this 1 story home in Nappanee. Simple 3 bedrooms/ 1 bath with crawls...	3 beds \| 1 baths \| 1,095 sq.ft.	$195,000	Airbnb cash on cash: 3.5% Traditional cash on cash: 5.94% Airbnb Rental Income: $1611 Traditional Rental Income: $1607 Airbnb ROI: 3.5% Traditional ROI: 5.94%

Real Estate investment in Nappanee, IN

There are 19 properties for sale in the city of Nappanee . The median list price in Nappanee is $249,900 and the average price per square foot is $154. In April 2026, the average monthly cash on cash return in Nappanee is 6.00%. The average monthly rental income in Nappanee is $1,998.

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

There are 19 investment properties available for sale in Nappanee.

In 2026, 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 $1,998.

Your search for investment property begins and ends here

Investment Property for Sale in Nappanee, IN

403 E Centennial Street

Nappanee, IN

3 beds | 2 baths | 1,824 sq.ft.

$295,000

Airbnb cash on cash: 2.13%

Traditional cash on cash: 3.52%

Airbnb Rental Income: $1611

Traditional Rental Income: $1538

Airbnb ROI: 2.13%

Traditional ROI: 3.52%

652 Bungalow Drive

Nappanee, IN

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

$350,000

Airbnb cash on cash: 1.34%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $1611

Traditional Rental Income: $2561

Airbnb ROI: 1.34%

Traditional ROI: 5.62%

324 Wellfield Drive #Lot 84

Nappanee, IN

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

$329,000

Airbnb cash on cash: 1.59%

Traditional cash on cash: 5.16%

Airbnb Rental Income: $1611

Traditional Rental Income: $2260

Airbnb ROI: 1.59%

Traditional ROI: 5.16%

72192 CR 9

Nappanee, IN

4 beds | 2 baths | N/A

$309,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.26%

Airbnb Rental Income: $null

Traditional Rental Income: $2663

Airbnb ROI: N/A

Traditional ROI: 7.26%

72355 County Road 3

Nappanee, IN

5 beds | 3 baths | 1,920 sq.ft.

$298,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.03%

Airbnb Rental Income: $null

Traditional Rental Income: $3144

Airbnb ROI: N/A

Traditional ROI: 9.03%

556 Broad Avenue

Nappanee, IN

3 beds | 1 baths | 1,108 sq.ft.

$214,900

Airbnb cash on cash: 3.09%

Traditional cash on cash: 5.92%

Airbnb Rental Income: $1611

Traditional Rental Income: $1731

Airbnb ROI: 3.09%

Traditional ROI: 5.92%

608 E. Lincoln Street

Nappanee, IN

3 beds | 1 baths | 1,386 sq.ft.

$159,900

Airbnb cash on cash: 5%

Traditional cash on cash: 9.65%

Airbnb Rental Income: $1611

Traditional Rental Income: $1863

Airbnb ROI: 5%

Traditional ROI: 9.65%

346 Wellfield Drive

Nappanee, IN

2 beds | 2 baths | 1,640 sq.ft.

$329,000

Airbnb cash on cash: 1.59%

Traditional cash on cash: 5.61%

Airbnb Rental Income: $1611

Traditional Rental Income: $2398

Airbnb ROI: 1.59%