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
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.	$247,500	Airbnb cash on cash: 0.99% Traditional cash on cash: 5.85% Airbnb Rental Income: $1058 Traditional Rental Income: $1827 Airbnb ROI: 0.99% Traditional ROI: 5.85%
203 Lancaster Circle New Albany, IN Tucked away on a quiet cul-de-sac, this 4-bedroom, 3-bath home offers 2,720 square feet an...	4 beds \| 3 baths \| 2,720 sq.ft.	$280,000	Airbnb cash on cash: 3% Traditional cash on cash: 7.36% Airbnb Rental Income: $1872 Traditional Rental Income: $2523 Airbnb ROI: 3% Traditional ROI: 7.36%
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.	$175,500	Airbnb cash on cash: 0.82% Traditional cash on cash: 3.78% Airbnb Rental Income: $1058 Traditional Rental Income: $1188 Airbnb ROI: 0.82% Traditional ROI: 3.78%
2408 Lyon Lane New Albany, IN This beautiful home is totally updated throughout. Start in the kitchen with updated cabin...	3 beds \| 1 baths \| 1,176 sq.ft.	$224,900	Airbnb cash on cash: 1.08% Traditional cash on cash: 3.17% Airbnb Rental Income: $1058 Traditional Rental Income: $1137 Airbnb ROI: 1.08% Traditional ROI: 3.17%
826 East 8th Street New Albany, IN Right at Home Loan-NO DOWN PAYMENT and NO PMI INSURANCE This one is a hidden gem. Tucked...	2 beds \| 1 baths \| 1,042 sq.ft.	$174,900	Airbnb cash on cash: 2% Traditional cash on cash: 4.76% Airbnb Rental Income: $1082 Traditional Rental Income: $1171 Airbnb ROI: 2% Traditional ROI: 4.76%
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: 0.39% Traditional cash on cash: 2.03% Airbnb Rental Income: $1872 Traditional Rental Income: $2627 Airbnb ROI: 0.39% Traditional ROI: 2.03%
1343 Beeler Street New Albany, IN MOVE-IN READY!! This adorable home has been completely updated and renovated! Improvements...	2 beds \| 1 baths \| 1,824 sq.ft.	$159,900	Airbnb cash on cash: 2.3% Traditional cash on cash: 5.54% Airbnb Rental Income: $1082 Traditional Rental Income: $1208 Airbnb ROI: 2.3% Traditional ROI: 5.54%
3117 Lacewood Lane New Albany, IN Welcome to this beautifully updated brick home with exceptional curb appeal since it's pro...	3 beds \| 2 baths \| 3,192 sq.ft.	$414,900	Airbnb cash on cash: -0.14% Traditional cash on cash: 2.07% Airbnb Rental Income: $1058 Traditional Rental Income: $1552 Airbnb ROI: -0.14% Traditional ROI: 2.07%
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: 0.82% Traditional cash on cash: 4.49% Airbnb Rental Income: $1058 Traditional Rental Income: $1518 Airbnb ROI: 0.82% Traditional ROI: 4.49%
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: 1.83% Traditional cash on cash: 5.44% Airbnb Rental Income: $1058 Traditional Rental Income: $1391 Airbnb ROI: 1.83% Traditional ROI: 5.44%
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: 0.37% Traditional cash on cash: 5.78% Airbnb Rental Income: $1082 Traditional Rental Income: $2536 Airbnb ROI: 0.37% 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: 0.4% Traditional cash on cash: 4.3% Airbnb Rental Income: $1058 Traditional Rental Income: $1902 Airbnb ROI: 0.4% Traditional ROI: 4.3%
247 Clay Street New Albany, IN Welcome to this well-maintained 4-bedroom, 2-bath home in New Albany offering 1340 finishe...	4 beds \| 2 baths \| 1,340 sq.ft.	$240,000	Airbnb cash on cash: 4.44% Traditional cash on cash: 5.45% Airbnb Rental Income: $1872 Traditional Rental Income: $1600 Airbnb ROI: 4.44% Traditional ROI: 5.45%
1401 E Oak Street New Albany, IN Updated home for sale in downtown New Albany, Indiana, investment opportunity with tenant ...	2 beds \| 2 baths \| 1,327 sq.ft.	$220,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 4.13% Airbnb Rental Income: $1082 Traditional Rental Income: $1260 Airbnb ROI: 1.5% Traditional ROI: 4.13%
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.	$186,900	Airbnb cash on cash: 2.14% Traditional cash on cash: 4.36% Airbnb Rental Income: $1082 Traditional Rental Income: $1106 Airbnb ROI: 2.14% Traditional ROI: 4.36%
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.	$152,500	Airbnb cash on cash: 2.13% Traditional cash on cash: 6.85% Airbnb Rental Income: $1058 Traditional Rental Income: $1380 Airbnb ROI: 2.13% Traditional ROI: 6.85%
313 Mary Drive New Albany, IN Welcome to this spacious 4 bedroom 2 bath contemporary style home! With the primary bedroo...	4 beds \| 2 baths \| 1,488 sq.ft.	$235,000	Airbnb cash on cash: 4.31% Traditional cash on cash: 6.15% Airbnb Rental Income: $1872 Traditional Rental Income: $1780 Airbnb ROI: 4.31% Traditional ROI: 6.15%
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: 3.35% Traditional cash on cash: 4.03% Airbnb Rental Income: $1872 Traditional Rental Income: $1556 Airbnb ROI: 3.35% 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.	$269,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 4.18% Airbnb Rental Income: $1058 Traditional Rental Income: $1696 Airbnb ROI: 0.23% Traditional ROI: 4.18%
602 E 8th Street New Albany, IN Fresh, stylish, and completely move-in ready-this beautifully updated 2 bed, 2 bath home o...	2 beds \| 2 baths \| 1,220 sq.ft.	$199,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 3.93% Airbnb Rental Income: $1082 Traditional Rental Income: $1173 Airbnb ROI: 1.49% Traditional ROI: 3.93%
2534 Charlestown Road #11 New Albany, IN Well-maintained condo offering low-maintenance living with easy access to Downtown New Alb...	2 beds \| 3 baths \| 1,254 sq.ft.	$234,900	Airbnb cash on cash: 0.4% Traditional cash on cash: 3.88% Airbnb Rental Income: $1082 Traditional Rental Income: $1485 Airbnb ROI: 0.4% Traditional ROI: 3.88%
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.	$115,000	Airbnb cash on cash: 3.81% Traditional cash on cash: 7% Airbnb Rental Income: $1082 Traditional Rental Income: $1067 Airbnb ROI: 3.81% Traditional ROI: 7%
1340 Beeler Street New Albany, IN Great opportunity for investors! Nice size home with great cash flow opportunity at this p...	1 beds \| 1 baths \| 780 sq.ft.	$69,900	Airbnb cash on cash: -0.58% Traditional cash on cash: 11.7% Airbnb Rental Income: $478 Traditional Rental Income: $1061 Airbnb ROI: -0.58% Traditional ROI: 11.7%
2918 Sunset Drive New Albany, IN Come check out this affordable 4 bedrooms home with lots of space to spread out! Super loc...	4 beds \| 1 baths \| 1,420 sq.ft.	$169,900	Airbnb cash on cash: 5.81% Traditional cash on cash: 7.34% Airbnb Rental Income: $1872 Traditional Rental Income: $1619 Airbnb ROI: 5.81% Traditional ROI: 7.34%
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.	$199,900	Airbnb cash on cash: 1.89% Traditional cash on cash: 5.69% Airbnb Rental Income: $1058 Traditional Rental Income: $1413 Airbnb ROI: 1.89% Traditional ROI: 5.69%
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.	$529,900	Airbnb cash on cash: 0.6% Traditional cash on cash: 3.7% Airbnb Rental Income: $1872 Traditional Rental Income: $2907 Airbnb ROI: 0.6% Traditional ROI: 3.7%
5456 State Road 111 New Albany, IN Looking for River front property? This is it! 1.52 Acres with small apartment for weekend ...	1 beds \| 2 baths \| N/A	$99,900	Airbnb cash on cash: -1.42% Traditional cash on cash: 9.19% Airbnb Rental Income: $478 Traditional Rental Income: $1240 Airbnb ROI: -1.42% Traditional ROI: 9.19%
2550 Broadway St New Albany, IN Welcome home to 2550 Broadway Street! This recently renovated 2-bedroom, 1-bath home blend...	2 beds \| 1 baths \| 822 sq.ft.	$150,000	Airbnb cash on cash: 2.48% Traditional cash on cash: 5.25% Airbnb Rental Income: $1082 Traditional Rental Income: $1110 Airbnb ROI: 2.48% Traditional ROI: 5.25%
2548 Broadway St New Albany, IN Welcome home to 2548 Broadway Street! This recently renovated 3-bedroom, 1-bath home blend...	3 beds \| 1 baths \| 782 sq.ft.	$155,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 6.04% Airbnb Rental Income: $1058 Traditional Rental Income: $1261 Airbnb ROI: 2.21% Traditional ROI: 6.04%
2639 & 2705 Paoli Pike New Albany, IN RARE Development Opportunity in the Heart of New Albany! First time on the market in over ...	2 beds \| 1 baths \| 1,193 sq.ft.	$500,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 1.1% Airbnb Rental Income: $1082 Traditional Rental Income: $1272 Airbnb ROI: -0.1% Traditional ROI: 1.1%
2603 Pinehurst Court New Albany, IN Welcome Home! Move-in ready and beautifully updated-this LOW-maintenance patio home is wai...	2 beds \| 2 baths \| 1,276 sq.ft.	$249,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 4.84% Airbnb Rental Income: $1082 Traditional Rental Income: $1643 Airbnb ROI: 0.88% Traditional ROI: 4.84%
2755 Ashley Morgan Drive New Albany, IN PLAY WHERE YOU LIVE! Tucked away on 8.83 +/- pristine wooded acres, two miles from Sherman...	3 beds \| 4 baths \| 2,797 sq.ft.	$965,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 1.79% Airbnb Rental Income: $1058 Traditional Rental Income: $2911 Airbnb ROI: -0.68% Traditional ROI: 1.79%
1945 Indiana Avenue New Albany, IN Excellent opportunity in the heart of downtown New Albany! This versatile commercial prope...	1 beds \| 2 baths \| 3,129 sq.ft.	$219,000	Airbnb cash on cash: -1.33% Traditional cash on cash: 3.45% Airbnb Rental Income: $478 Traditional Rental Income: $1202 Airbnb ROI: -1.33% Traditional ROI: 3.45%
1435 Bellemeade Drive New Albany, IN OWNER MOTIVATED!! One of the well-established neighborhoods in New Albany which is walking...	3 beds \| 2 baths \| 2,076 sq.ft.	$354,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 4.26% Airbnb Rental Income: $1058 Traditional Rental Income: $2070 Airbnb ROI: 0.11% Traditional ROI: 4.26%
2315 Alta Avenue New Albany, IN Back on market due to no fault of the seller! Welcome to Alta Avenue! From the moment you ...	3 beds \| 2 baths \| 1,444 sq.ft.	$204,900	Airbnb cash on cash: 1.32% Traditional cash on cash: 5.38% Airbnb Rental Income: $1058 Traditional Rental Income: $1481 Airbnb ROI: 1.32% Traditional ROI: 5.38%
823 Elmwood Avenue New Albany, IN Open house Saturday Please stop by take a look. Charming ranch-style home tucked away on a...	3 beds \| 1 baths \| 1,430 sq.ft.	$215,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 5.21% Airbnb Rental Income: $1058 Traditional Rental Income: $1480 Airbnb ROI: 1.34% Traditional ROI: 5.21%
2131 Culbertson Avenue New Albany, IN This beautifully updated 4-bedroom, 2.5-bath home offers generous space, soaring ceilings,...	4 beds \| 3 baths \| 2,004 sq.ft.	$254,900	Airbnb cash on cash: 3.88% Traditional cash on cash: 8.25% Airbnb Rental Income: $1872 Traditional Rental Income: $2424 Airbnb ROI: 3.88% Traditional ROI: 8.25%
1618 Beeler Street New Albany, IN This historic 1.5-story home has been completely transformed from top to bottom. The floor...	4 beds \| 2 baths \| 2,051 sq.ft.	$299,900	Airbnb cash on cash: 2.69% Traditional cash on cash: 5.27% Airbnb Rental Income: $1872 Traditional Rental Income: $2102 Airbnb ROI: 2.69% Traditional ROI: 5.27%
112 Cheryl Drive New Albany, IN Welcome to this charming 3-bedroom, 1.5-bath home located in the Greenvalley Heights neigh...	3 beds \| 2 baths \| 1,161 sq.ft.	$265,500	Airbnb cash on cash: 1.34% Traditional cash on cash: 4.68% Airbnb Rental Income: $1058 Traditional Rental Income: $1531 Airbnb ROI: 1.34% Traditional ROI: 4.68%
30 Doebrook Court New Albany, IN Home back on market, no fault of Seller, buyers financing fell through; ready for offer! F...	4 beds \| 3 baths \| 3,380 sq.ft.	$364,900	Airbnb cash on cash: 1.79% Traditional cash on cash: 6.02% Airbnb Rental Income: $1872 Traditional Rental Income: $2822 Airbnb ROI: 1.79% Traditional ROI: 6.02%

Real Estate investment in New-albany, IN

There are 119 properties for sale in the city of New Albany . The median list price in New Albany is $280,000 and the average price per square foot is $151. In May 2026, the average monthly cash on cash return in New Albany is 5.00%. The average monthly rental income in New Albany is $1,717.

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

There are 119 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 $1,717.

Your search for investment property begins and ends here

Investment Property for Sale in New Albany, IN

1672 Garretson Lane

New Albany, IN

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

$247,500

Airbnb cash on cash: 0.99%

Traditional cash on cash: 5.85%

Airbnb Rental Income: $1058

Traditional Rental Income: $1827

Airbnb ROI: 0.99%

Traditional ROI: 5.85%

203 Lancaster Circle

New Albany, IN

4 beds | 3 baths | 2,720 sq.ft.

$280,000

Airbnb cash on cash: 3%

Traditional cash on cash: 7.36%

Airbnb Rental Income: $1872

Traditional Rental Income: $2523

Airbnb ROI: 3%

Traditional ROI: 7.36%

2116 Palmer Court

New Albany, IN

3 beds | 1 baths | 1,025 sq.ft.

$175,500

Airbnb cash on cash: 0.82%

Traditional cash on cash: 3.78%

Airbnb Rental Income: $1058

Traditional Rental Income: $1188

Airbnb ROI: 0.82%

Traditional ROI: 3.78%

2408 Lyon Lane

New Albany, IN

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

$224,900

Airbnb cash on cash: 1.08%

Traditional cash on cash: 3.17%

Airbnb Rental Income: $1058

Traditional Rental Income: $1137

Airbnb ROI: 1.08%

Traditional ROI: 3.17%

826 East 8th Street

New Albany, IN

2 beds | 1 baths | 1,042 sq.ft.

$174,900

Airbnb cash on cash: 2%

Traditional cash on cash: 4.76%

Airbnb Rental Income: $1082

Traditional Rental Income: $1171

Airbnb ROI: 2%

Traditional ROI: 4.76%

3828 Payne Koehler Road

New Albany, IN

4 beds | 3 baths | 3,634 sq.ft.

$820,000

Airbnb cash on cash: 0.39%

Traditional cash on cash: 2.03%

Airbnb Rental Income: $1872

Traditional Rental Income: $2627

Airbnb ROI: 0.39%

Traditional ROI: 2.03%

1343 Beeler Street

New Albany, IN

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

$159,900

Airbnb cash on cash: 2.3%

Traditional cash on cash: 5.54%

Airbnb Rental Income: $1082

Traditional Rental Income: $1208

Airbnb ROI: 2.3%

Traditional ROI: 5.54%

3117 Lacewood Lane

New Albany, IN

3 beds | 2 baths | 3,192 sq.ft.

$414,900

Airbnb cash on cash: -0.14%

Traditional cash on cash: 2.07%

Airbnb Rental Income: $1058

Traditional Rental Income: $1552

Airbnb ROI: -0.14%