Real Estate Investment Properties for Sale in New Albany, IN

Looking for investment property in New Albany, IN with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
212 Village Pine Drive New Albany, IN 3 Bedroom, 2 Bathroom Home for Sale in New Albany, Southern Indiana - 212 Village Pine Dri...	3 beds \| 2 baths \| 1,176 sq.ft.	$225,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 4.88% Airbnb Rental Income: $950 Traditional Rental Income: $1467 Airbnb ROI: 0.82% Traditional ROI: 4.88%
3921 Carver Street New Albany, IN Welcome to 3921 Carver St.! This beautifully updated 3-bedroom, 2 full bath home offers 1,...	3 beds \| 2 baths \| 1,089 sq.ft.	$224,900	Airbnb cash on cash: 0.97% Traditional cash on cash: 4.6% Airbnb Rental Income: $950 Traditional Rental Income: $1376 Airbnb ROI: 0.97% Traditional ROI: 4.6%
1672 Garretson Lane New Albany, IN Charming story and a half home, conveniently located next to everything! This inviting pro...	3 beds \| 2 baths \| 1,656 sq.ft.	$255,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 5.65% Airbnb Rental Income: $950 Traditional Rental Income: $1827 Airbnb ROI: 0.56% Traditional ROI: 5.65%
303 Pimlico Drive New Albany, IN Open House, Sunday, December 28th, 2 PM to 4 PM!! Well-maintained brick-front home conveni...	3 beds \| 1 baths \| 1,152 sq.ft.	$209,900	Airbnb cash on cash: 0.72% Traditional cash on cash: 4.56% Airbnb Rental Income: $950 Traditional Rental Income: $1367 Airbnb ROI: 0.72% Traditional ROI: 4.56%
1919 Center Street New Albany, IN Investment opportunity! This historic tri-plex offers endless potential with two 1-bedroom...	4 beds \| 3 baths \| 2,323 sq.ft.	$230,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 9.11% Airbnb Rental Income: $1362 Traditional Rental Income: $2641 Airbnb ROI: 1.32% Traditional ROI: 9.11%
2210 Gary Drive New Albany, IN Bedford stone home situated on oversized cul-de-sac lot offers over 1800 sq.ft. of living ...	3 beds \| 2 baths \| 1,880 sq.ft.	$279,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 5.63% Airbnb Rental Income: $950 Traditional Rental Income: $1962 Airbnb ROI: 0.48% Traditional ROI: 5.63%
1111 Teal Ridge Court New Albany, IN Look for easy living in this nice brick ranch located on a cul-de-sac in the sought after ...	3 beds \| 2 baths \| 2,554 sq.ft.	$444,900	Airbnb cash on cash: -0.35% Traditional cash on cash: 2.56% Airbnb Rental Income: $950 Traditional Rental Income: $1814 Airbnb ROI: -0.35% Traditional ROI: 2.56%
3834 Rainbow Drive New Albany, IN PRISTINE HOME with FINISHED BASEMENT & FENCED BACKYARD! Conveniently located just off Char...	3 beds \| 3 baths \| 2,950 sq.ft.	$299,900	Airbnb cash on cash: -0.1% Traditional cash on cash: 6.28% Airbnb Rental Income: $950 Traditional Rental Income: $2403 Airbnb ROI: -0.1% Traditional ROI: 6.28%
2116 Palmer Court New Albany, IN Cul-de-sac lot - check, brick ranch - check, fence yard - check, covered front porch - als...	3 beds \| 1 baths \| 1,025 sq.ft.	$185,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 3.55% Airbnb Rental Income: $950 Traditional Rental Income: $1188 Airbnb ROI: 0.23% Traditional ROI: 3.55%
4126 Payne Koehler Road New Albany, IN PRICE IMPROVED! OPEN HOUSE SUNDAY, FEBRUARY 22 \| 1?3 PM. Seller is motivated and ready to ...	3 beds \| 1 baths \| 1,638 sq.ft.	$279,900	Airbnb cash on cash: 0.47% Traditional cash on cash: 3.58% Airbnb Rental Income: $950 Traditional Rental Income: $1422 Airbnb ROI: 0.47% Traditional ROI: 3.58%
1823 Ekin Avenue New Albany, IN Full of character and charm, this 1910 Craftsman bungalow beautifully blends historic deta...	4 beds \| 2 baths \| 2,528 sq.ft.	$315,000	Airbnb cash on cash: 1% Traditional cash on cash: 5.41% Airbnb Rental Income: $1362 Traditional Rental Income: $2253 Airbnb ROI: 1% Traditional ROI: 5.41%
1317 Vine Street New Albany, IN This charming 2BR/1BA home sits on a rare corner double lot with a spacious fenced yard pe...	2 beds \| 1 baths \| 1,040 sq.ft.	$111,600	Airbnb cash on cash: 2.6% Traditional cash on cash: 8.31% Airbnb Rental Income: $950 Traditional Rental Income: $1219 Airbnb ROI: 2.6% Traditional ROI: 8.31%
826 East 8th Street New Albany, IN Welcome home to this charming and well-maintained 2-bedroom, 1-bath property located in th...	2 beds \| 1 baths \| 1,042 sq.ft.	$183,600	Airbnb cash on cash: 1.24% Traditional cash on cash: 4.49% Airbnb Rental Income: $950 Traditional Rental Income: $1171 Airbnb ROI: 1.24% Traditional ROI: 4.49%
3828 Payne Koehler Road New Albany, IN Attention builders and investors! This property offers incredible potential in a highly de...	4 beds \| 3 baths \| 3,634 sq.ft.	$820,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 2.03% Airbnb Rental Income: $1362 Traditional Rental Income: $2627 Airbnb ROI: -0.17% Traditional ROI: 2.03%
3927 Dunbar Avenue New Albany, IN Welcome to this 1.5-story home featuring 3 bedrooms, 2.5 bathrooms, with a spacious layout...	3 beds \| 3 baths \| 1,299 sq.ft.	$215,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 5.92% Airbnb Rental Income: $950 Traditional Rental Income: $1646 Airbnb ROI: 0.8% Traditional ROI: 5.92%
1817 E Oak St New Albany, IN Totally renovated and beautiful must see home! The perfect balance of modern updates and h...	2 beds \| 1 baths \| 1,184 sq.ft.	$159,900	Airbnb cash on cash: 1.73% Traditional cash on cash: 6.56% Airbnb Rental Income: $950 Traditional Rental Income: $1340 Airbnb ROI: 1.73% Traditional ROI: 6.56%
1153 Crystal Avenue New Albany, IN Welcome to 1153 Crystal Ave, a bright and inviting home near downtown New Albany. This cha...	2 beds \| 1 baths \| 1,072 sq.ft.	$115,000	Airbnb cash on cash: 3.13% Traditional cash on cash: 7.97% Airbnb Rental Income: $950 Traditional Rental Income: $1140 Airbnb ROI: 3.13% Traditional ROI: 7.97%
2420 Stover Drive New Albany, IN The moment you walk through the door, you are greeted by a warm, wood-burning fireplace wi...	3 beds \| 2 baths \| 1,324 sq.ft.	$237,900	Airbnb cash on cash: 0.42% Traditional cash on cash: 4.49% Airbnb Rental Income: $950 Traditional Rental Income: $1518 Airbnb ROI: 0.42% Traditional ROI: 4.49%
714 Mure De Ronce Drive New Albany, IN Tucked into the highly sought after BLACKBERRY RIDGE community with open space and scenic ...	4 beds \| 3 baths \| 3,256 sq.ft.	$450,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.53% Airbnb Rental Income: $1362 Traditional Rental Income: $2243 Airbnb ROI: 0.45% Traditional ROI: 3.53%
2119 Reno Ave New Albany, IN Tucked away on a peaceful street, this charming home offers comfort, versatility, and invi...	2 beds \| 2 baths \| 1,248 sq.ft.	$214,900	Airbnb cash on cash: 0.94% Traditional cash on cash: 5.89% Airbnb Rental Income: $950 Traditional Rental Income: $1611 Airbnb ROI: 0.94% Traditional ROI: 5.89%
701 Cherokee Drive New Albany, IN Welcome to 701 Cherokee Drive! This home has been updated with a new roof with transferabl...	4 beds \| 2 baths \| 1,728 sq.ft.	$255,000	Airbnb cash on cash: 2.37% Traditional cash on cash: 4.62% Airbnb Rental Income: $1362 Traditional Rental Income: $1486 Airbnb ROI: 2.37% Traditional ROI: 4.62%
2122 WILLARD AVE New Albany, IN Invest with success and buy through Auction.com. This bank-owned investment property is a ...	3 beds \| 1 baths \| 1,288 sq.ft.	$204,000	Airbnb cash on cash: 1.37% Traditional cash on cash: 5.44% Airbnb Rental Income: $950 Traditional Rental Income: $1391 Airbnb ROI: 1.37% Traditional ROI: 5.44%
830 Cedar Bough Place New Albany, IN Discover history and charm at 830 Cedar Bough Place in historic New Albany! Built in 1892,...	4 beds \| 2 baths \| 2,717 sq.ft.	$399,900	Airbnb cash on cash: 0.75% Traditional cash on cash: 2.63% Airbnb Rental Income: $1362 Traditional Rental Income: $1654 Airbnb ROI: 0.75% Traditional ROI: 2.63%
626 Maple Lane New Albany, IN Welcome to this inviting residence located in the established Silver Hills neighborhood. F...	2 beds \| 2 baths \| 2,286 sq.ft.	$359,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 5.78% Airbnb Rental Income: $950 Traditional Rental Income: $2536 Airbnb ROI: 0.04% Traditional ROI: 5.78%
1633 Old Ford Road New Albany, IN Opportunities like this are getting harder and harder to find-nearly 1 acre in the heart o...	3 beds \| 2 baths \| 1,818 sq.ft.	$330,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 4.3% Airbnb Rental Income: $950 Traditional Rental Income: $1902 Airbnb ROI: 0.11% Traditional ROI: 4.3%
2653 Roanoke Avenue New Albany, IN Completely remodeled 4-bedroom, 2-bath ranch offering modern design and move-in-ready comf...	4 beds \| 2 baths \| 1,355 sq.ft.	$298,900	Airbnb cash on cash: 1.41% Traditional cash on cash: 4.3% Airbnb Rental Income: $1362 Traditional Rental Income: $1761 Airbnb ROI: 1.41% Traditional ROI: 4.3%
4834 Ashbury Drive New Albany, IN Here is your opportunity to enjoy the ease of low-maintenance living in a prime location. ...	2 beds \| 2 baths \| 1,645 sq.ft.	$319,999	Airbnb cash on cash: -0.12% Traditional cash on cash: 3.37% Airbnb Rental Income: $950 Traditional Rental Income: $1652 Airbnb ROI: -0.12% Traditional ROI: 3.37%
604 Navajo Drive New Albany, IN Don't miss this opportunity to own a Beautifully Renovated Home in the heart of New Albany...	3 beds \| 2 baths \| 1,636 sq.ft.	$249,900	Airbnb cash on cash: 0.52% Traditional cash on cash: 5.63% Airbnb Rental Income: $950 Traditional Rental Income: $1807 Airbnb ROI: 0.52% Traditional ROI: 5.63%
2106 Beeler Street New Albany, IN Darling and pristine, this beautifully maintained & fully updated 2-bedroom home sits on t...	2 beds \| 1 baths \| 1,083 sq.ft.	$189,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 4.27% Airbnb Rental Income: $950 Traditional Rental Income: $1106 Airbnb ROI: 1.48% Traditional ROI: 4.27%
1110 State Street New Albany, IN 4 bedroom (1 non-conforming), 1.5 bath home in the heart of New Albany! This functional pr...	3 beds \| 2 baths \| 1,457 sq.ft.	$159,900	Airbnb cash on cash: 1.4% Traditional cash on cash: 6.49% Airbnb Rental Income: $950 Traditional Rental Income: $1380 Airbnb ROI: 1.4% Traditional ROI: 6.49%
3014 Bridlewood Lane New Albany, IN Price Improvement! BETTER THAN NEW!! Built in 2022! MOVE-IN-READY!! This DISCOVERY Home wa...	4 beds \| 3 baths \| 2,900 sq.ft.	$475,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 3.35% Airbnb Rental Income: $1362 Traditional Rental Income: $2266 Airbnb ROI: 0.38% Traditional ROI: 3.35%
1825 Conservative Street New Albany, IN Well-maintained 3-bedroom, 2-bath home in a prime New Albany location just minutes from ev...	3 beds \| 2 baths \| 1,248 sq.ft.	$214,900	Airbnb cash on cash: 0.23% Traditional cash on cash: 5.49% Airbnb Rental Income: $950 Traditional Rental Income: $1674 Airbnb ROI: 0.23% Traditional ROI: 5.49%
604 Roseview Terrace New Albany, IN Welcome home to this beautifully updated 4-bedroom, 2-bath gem in New Albany! This move-in...	4 beds \| 2 baths \| 1,750 sq.ft.	$289,900	Airbnb cash on cash: 1.8% Traditional cash on cash: 4.03% Airbnb Rental Income: $1362 Traditional Rental Income: $1556 Airbnb ROI: 1.8% Traditional ROI: 4.03%
2216 Morton Avenue New Albany, IN Every inch of this beautifully restored 1930s bungalow has been thoughtfully updated, blen...	3 beds \| 2 baths \| 1,304 sq.ft.	$275,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 4.07% Airbnb Rental Income: $950 Traditional Rental Income: $1696 Airbnb ROI: -0.14% Traditional ROI: 4.07%
710 Victoria Court New Albany, IN Charming and affordable condo in the heart of New Albany! This freshly painted 2-bedroom, ...	2 beds \| 1 baths \| 760 sq.ft.	$125,000	Airbnb cash on cash: 2.53% Traditional cash on cash: 6.38% Airbnb Rental Income: $950 Traditional Rental Income: $1067 Airbnb ROI: 2.53% Traditional ROI: 6.38%
811 W 8th Street New Albany, IN Move-in ready and beautifully updated, this 4-bedroom, 2-bath home offers 1,680 square fee...	4 beds \| 2 baths \| 1,680 sq.ft.	$199,900	Airbnb cash on cash: 2.53% Traditional cash on cash: 8.13% Airbnb Rental Income: $1362 Traditional Rental Income: $2007 Airbnb ROI: 2.53% Traditional ROI: 8.13%
917 Brentwood Court New Albany, IN This magnificent house has so much to offer! Walk into the foyer with a spacious room to t...	3 beds \| 3 baths \| 2,691 sq.ft.	$338,500	Airbnb cash on cash: -0.37% Traditional cash on cash: 6.53% Airbnb Rental Income: $950 Traditional Rental Income: $2798 Airbnb ROI: -0.37% Traditional ROI: 6.53%
245 Silver Street New Albany, IN Welcome home to this fully renovated 3 bedroom, 2 bathroom gem in the heart of New Albany,...	3 beds \| 2 baths \| 1,180 sq.ft.	$209,900	Airbnb cash on cash: 1.3% Traditional cash on cash: 5.38% Airbnb Rental Income: $950 Traditional Rental Income: $1413 Airbnb ROI: 1.3% Traditional ROI: 5.38%
810 Katie Ln (Lot 10) New Albany, IN Welcome to The Willows of Autumn Grove! BRAND NEW Section, LUXURY, LOW MAINTENANCE Patio H...	4 beds \| 4 baths \| 3,097 sq.ft.	$534,900	Airbnb cash on cash: -0.47% Traditional cash on cash: 3.45% Airbnb Rental Income: $1362 Traditional Rental Income: $2907 Airbnb ROI: -0.47% Traditional ROI: 3.45%
220 W Eighth Street New Albany, IN As close to new construction as you will find! Everything except for the roof structure wa...	3 beds \| 2 baths \| 1,100 sq.ft.	$199,900	Airbnb cash on cash: 1.53% Traditional cash on cash: 5.68% Airbnb Rental Income: $950 Traditional Rental Income: $1390 Airbnb ROI: 1.53% Traditional ROI: 5.68%

Real Estate investment in New-albany, IN

There are 138 properties for sale in the city of New Albany . The median list price in New Albany is $255,000 and the average price per square foot is $150. In April 2026, the average monthly cash on cash return in New Albany is 5.00%. The average monthly rental income in New Albany is $1,621.

New-albany, IN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 138 investment properties available for sale in New-albany.

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

The ROI for Long-Term is higher than the Short-Term in New-albany with average rental income of $1,621.

Your search for investment property begins and ends here

Investment Property for Sale in New Albany, IN

212 Village Pine Drive

New Albany, IN

3 beds | 2 baths | 1,176 sq.ft.

$225,000

Airbnb cash on cash: 0.82%

Traditional cash on cash: 4.88%

Airbnb Rental Income: $950

Traditional Rental Income: $1467

Airbnb ROI: 0.82%

Traditional ROI: 4.88%

3921 Carver Street

New Albany, IN

3 beds | 2 baths | 1,089 sq.ft.

$224,900

Airbnb cash on cash: 0.97%

Traditional cash on cash: 4.6%

Airbnb Rental Income: $950

Traditional Rental Income: $1376

Airbnb ROI: 0.97%

Traditional ROI: 4.6%

1672 Garretson Lane

New Albany, IN

3 beds | 2 baths | 1,656 sq.ft.

$255,000

Airbnb cash on cash: 0.56%

Traditional cash on cash: 5.65%

Airbnb Rental Income: $950

Traditional Rental Income: $1827

Airbnb ROI: 0.56%

Traditional ROI: 5.65%

303 Pimlico Drive

New Albany, IN

3 beds | 1 baths | 1,152 sq.ft.

$209,900

Airbnb cash on cash: 0.72%

Traditional cash on cash: 4.56%

Airbnb Rental Income: $950

Traditional Rental Income: $1367

Airbnb ROI: 0.72%

Traditional ROI: 4.56%

1919 Center Street

New Albany, IN

4 beds | 3 baths | 2,323 sq.ft.

$230,000

Airbnb cash on cash: 1.32%

Traditional cash on cash: 9.11%

Airbnb Rental Income: $1362

Traditional Rental Income: $2641

Airbnb ROI: 1.32%

Traditional ROI: 9.11%

2210 Gary Drive

New Albany, IN

3 beds | 2 baths | 1,880 sq.ft.

$279,900

Airbnb cash on cash: 0.48%

Traditional cash on cash: 5.63%

Airbnb Rental Income: $950

Traditional Rental Income: $1962

Airbnb ROI: 0.48%

Traditional ROI: 5.63%

1111 Teal Ridge Court

New Albany, IN

3 beds | 2 baths | 2,554 sq.ft.

$444,900

Airbnb cash on cash: -0.35%

Traditional cash on cash: 2.56%

Airbnb Rental Income: $950

Traditional Rental Income: $1814

Airbnb ROI: -0.35%

Traditional ROI: 2.56%

3834 Rainbow Drive

New Albany, IN

3 beds | 3 baths | 2,950 sq.ft.

$299,900

Airbnb cash on cash: -0.1%

Traditional cash on cash: 6.28%

Airbnb Rental Income: $950

Traditional Rental Income: $2403

Airbnb ROI: -0.1%