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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1689 Old Ford Road New Albany, IN Welcome to Old Ford Road, where charm meets convenience! Tucked just off Charlestown Road,...	3 beds \| 2 baths \| 1,230 sq.ft.	$200,000	Airbnb cash on cash: 3.6% Traditional cash on cash: 6.18% Airbnb Rental Income: $1532 Traditional Rental Income: $1578 Airbnb ROI: 3.6% Traditional ROI: 6.18%
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.	$269,000	Airbnb cash on cash: 2.43% Traditional cash on cash: 5.35% Airbnb Rental Income: $1532 Traditional Rental Income: $1827 Airbnb ROI: 2.43% Traditional ROI: 5.35%
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: 3.51% Traditional cash on cash: 9.11% Airbnb Rental Income: $1933 Traditional Rental Income: $2641 Airbnb ROI: 3.51% Traditional ROI: 9.11%
1748 E Oak Street New Albany, IN HOLY $@#&%! CHECK THIS OUT - ONLY $250K for a 3BR/2BA, 2000SF two story home w/basement fo...	3 beds \| 2 baths \| 2,003 sq.ft.	$250,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 6.72% Airbnb Rental Income: $1532 Traditional Rental Income: $2100 Airbnb ROI: 2.44% Traditional ROI: 6.72%
119 N Bohannon Lane New Albany, IN Welcome to 'North Bohannon Haven', a charming 3-bedroom ranch tucked away on a peaceful de...	3 beds \| 1 baths \| 1,008 sq.ft.	$210,000	Airbnb cash on cash: 3.64% Traditional cash on cash: 4.62% Airbnb Rental Income: $1532 Traditional Rental Income: $1283 Airbnb ROI: 3.64% Traditional ROI: 4.62%
714 Lincoln Street New Albany, IN Welcome to this move-in ready 2 bedroom, 1 full bath home that combines classic charm with...	2 beds \| 1 baths \| 816 sq.ft.	$165,000	Airbnb cash on cash: 4.08% Traditional cash on cash: 4.4% Airbnb Rental Income: $1538 Traditional Rental Income: $1144 Airbnb ROI: 4.08% Traditional ROI: 4.4%
3828 Payne Koehler Road New Albany, IN Attention builders and investors! This property offers incredible potential in a highly d...	4 beds \| 3 baths \| 3,634 sq.ft.	$820,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 2.03% Airbnb Rental Income: $1933 Traditional Rental Income: $2627 Airbnb ROI: 0.45% Traditional ROI: 2.03%
1418 Vance Avenue New Albany, IN Welcome to 1418 Vance Avenue, a beautifully updated home nestled in New Albany's Uptown ne...	4 beds \| 3 baths \| 1,536 sq.ft.	$239,999	Airbnb cash on cash: 4.47% Traditional cash on cash: 6.31% Airbnb Rental Income: $1933 Traditional Rental Income: $1839 Airbnb ROI: 4.47% Traditional ROI: 6.31%
812 Vincennes Street New Albany, IN Welcome to The Rowâa boutique community of just 7 modern townhome condos built in 2021! ...	2 beds \| 2 baths \| 1,232 sq.ft.	$215,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 4.77% Airbnb Rental Income: $1538 Traditional Rental Income: $1706 Airbnb ROI: 1.76% Traditional ROI: 4.77%
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.	$220,000	Airbnb cash on cash: 3.25% Traditional cash on cash: 5.74% Airbnb Rental Income: $1538 Traditional Rental Income: $1611 Airbnb ROI: 3.25% Traditional ROI: 5.74%
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: 3.87% Traditional cash on cash: 5.44% Airbnb Rental Income: $1532 Traditional Rental Income: $1391 Airbnb ROI: 3.87% 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.	$409,900	Airbnb cash on cash: 1.94% Traditional cash on cash: 2.55% Airbnb Rental Income: $1933 Traditional Rental Income: $1654 Airbnb ROI: 1.94% Traditional ROI: 2.55%
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.	$325,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 3.38% Airbnb Rental Income: $1538 Traditional Rental Income: $1652 Airbnb ROI: 1.55% Traditional ROI: 3.38%
2206 Green Valley Road New Albany, IN Motivated Seller! FABULOUS LOCATION Zoned Mixed Density Residential. This property is in ...	2 beds \| 1 baths \| 1,852 sq.ft.	$171,000	Airbnb cash on cash: 3.48% Traditional cash on cash: 7.41% Airbnb Rental Income: $1538 Traditional Rental Income: $1733 Airbnb ROI: 3.48% Traditional ROI: 7.41%
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.	$285,000	Airbnb cash on cash: 1.63% Traditional cash on cash: 3.9% Airbnb Rental Income: $1532 Traditional Rental Income: $1696 Airbnb ROI: 1.63% Traditional ROI: 3.9%
213 Colonial Club Dr New Albany, IN Welcome to easy, low-maintenance living in this beautifully maintained 2-bedroom, 2-bath c...	2 beds \| 2 baths \| 1,109 sq.ft.	$145,000	Airbnb cash on cash: 3.77% Traditional cash on cash: 4.03% Airbnb Rental Income: $1538 Traditional Rental Income: $1129 Airbnb ROI: 3.77% Traditional ROI: 4.03%
133 Edgemont Drive New Albany, IN Awesome describes this all brick ranch with walk-out basement in a step above neighborhood...	4 beds \| 3 baths \| 2,526 sq.ft.	$295,000	Airbnb cash on cash: 3.18% Traditional cash on cash: 4.02% Airbnb Rental Income: $1933 Traditional Rental Income: $1653 Airbnb ROI: 3.18% Traditional ROI: 4.02%
617 E 8th Street New Albany, IN Motivated Sellers. Stunning Remodeled Home in Historic Downtown New Albany Don't miss ...	3 beds \| 3 baths \| 1,800 sq.ft.	$285,900	Airbnb cash on cash: 2.18% Traditional cash on cash: 6.52% Airbnb Rental Income: $1532 Traditional Rental Income: $2256 Airbnb ROI: 2.18% Traditional ROI: 6.52%
710 Victoria Ct New Albany, IN NEW PAINT!!! RENTALS ALLOWED! GREAT INVESTMENT OPPORTUNITY!!! Welcome to this adorable and...	2 beds \| 1 baths \| 760 sq.ft.	$142,000	Airbnb cash on cash: 5.72% Traditional cash on cash: 5.53% Airbnb Rental Income: $1538 Traditional Rental Income: $1067 Airbnb ROI: 5.72% Traditional ROI: 5.53%
115 Union Street New Albany, IN This STUNNING HOME has been COMPLETELY RENOVATED/UPDATED! CLOSE to every single important ...	3 beds \| 2 baths \| 1,350 sq.ft.	$209,500	Airbnb cash on cash: 3.6% Traditional cash on cash: 3.72% Airbnb Rental Income: $1532 Traditional Rental Income: $1110 Airbnb ROI: 3.6% Traditional ROI: 3.72%
4007 Fields Lane New Albany, IN Brand New Construction built by Prosser Vocational School. This New Construction Home incl...	3 beds \| 2 baths \| 1,500 sq.ft.	$339,900	Airbnb cash on cash: 1.27% Traditional cash on cash: 3.45% Airbnb Rental Income: $1532 Traditional Rental Income: $1785 Airbnb ROI: 1.27% Traditional ROI: 3.45%
2103 Loop Island Way New Albany, IN Timeless Craftsman Charm Meets Modern Elegance Welcome to The Corneliaâa beautifully ...	3 beds \| 2 baths \| 1,153 sq.ft.	$312,900	Airbnb cash on cash: 1.03% Traditional cash on cash: 2.72% Airbnb Rental Income: $1532 Traditional Rental Income: $1587 Airbnb ROI: 1.03% Traditional ROI: 2.72%
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.	$345,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 6.39% Airbnb Rental Income: $1532 Traditional Rental Income: $2798 Airbnb ROI: 1.11% Traditional ROI: 6.39%
3903 Rainbow Drive New Albany, IN OPEN HOUSE, Tuesday (7/29) 5-7pm. Welcome to this beautifully remodeled 4-bedroom, 3-bathr...	4 beds \| 3 baths \| 1,920 sq.ft.	$299,900	Airbnb cash on cash: 3.41% Traditional cash on cash: 5.64% Airbnb Rental Income: $1933 Traditional Rental Income: $2052 Airbnb ROI: 3.41% Traditional ROI: 5.64%
336 E 16th Street New Albany, IN Beautifully remodeled 3 Bedroom, 2 bath home located in heart of New Albany and close to a...	3 beds \| 2 baths \| 1,483 sq.ft.	$219,900	Airbnb cash on cash: 3.23% Traditional cash on cash: 6.41% Airbnb Rental Income: $1532 Traditional Rental Income: $1751 Airbnb ROI: 3.23% Traditional ROI: 6.41%
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.	$544,900	Airbnb cash on cash: 0.44% Traditional cash on cash: 3.36% Airbnb Rental Income: $1933 Traditional Rental Income: $2907 Airbnb ROI: 0.44% Traditional ROI: 3.36%
1119 Ekin Avenue New Albany, IN You will LOVE this gorgeous 2 story home with tons of updates! Check out the covered front...	3 beds \| 2 baths \| 1,730 sq.ft.	$218,900	Airbnb cash on cash: 3.24% Traditional cash on cash: 7.24% Airbnb Rental Income: $1532 Traditional Rental Income: $1917 Airbnb ROI: 3.24% Traditional ROI: 7.24%
4401 - Lot 123 Marjory Way New Albany, IN Premier Homes of Southern Indiana presents the beautiful 'Juliana' floor plan! This 4 Bed/...	4 beds \| 3 baths \| 2,196 sq.ft.	$399,900	Airbnb cash on cash: 1.63% Traditional cash on cash: 3.97% Airbnb Rental Income: $1933 Traditional Rental Income: $2299 Airbnb ROI: 1.63% Traditional ROI: 3.97%
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: 5.13% Traditional cash on cash: 5.25% Airbnb Rental Income: $1538 Traditional Rental Income: $1110 Airbnb ROI: 5.13% Traditional ROI: 5.25%

Real Estate investment in New-albany, IN

There are 116 properties for sale in the city of New Albany . The median list price in New Albany is $267,000 and the average price per square foot is $139. In October 2025, the average monthly cash on cash return in New Albany is 5.00%. The average monthly rental income in New Albany is $1,870.

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

There are 116 investment properties available for sale in New-albany.

In 2025, 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 $1,870.

Your search for investment property begins and ends here

Investment Property for Sale in New Albany, IN

1689 Old Ford Road

New Albany, IN

3 beds | 2 baths | 1,230 sq.ft.

$200,000

Airbnb cash on cash: 3.6%

Traditional cash on cash: 6.18%

Airbnb Rental Income: $1532

Traditional Rental Income: $1578

Airbnb ROI: 3.6%

Traditional ROI: 6.18%

1672 Garretson Lane

New Albany, IN

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

$269,000

Airbnb cash on cash: 2.43%

Traditional cash on cash: 5.35%

Airbnb Rental Income: $1532

Traditional Rental Income: $1827

Airbnb ROI: 2.43%

Traditional ROI: 5.35%

1919 Center Street

New Albany, IN

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

$230,000

Airbnb cash on cash: 3.51%

Traditional cash on cash: 9.11%

Airbnb Rental Income: $1933

Traditional Rental Income: $2641

Airbnb ROI: 3.51%

Traditional ROI: 9.11%

1748 E Oak Street

New Albany, IN

3 beds | 2 baths | 2,003 sq.ft.

$250,000

Airbnb cash on cash: 2.44%

Traditional cash on cash: 6.72%

Airbnb Rental Income: $1532

Traditional Rental Income: $2100

Airbnb ROI: 2.44%

Traditional ROI: 6.72%

119 N Bohannon Lane

New Albany, IN

3 beds | 1 baths | 1,008 sq.ft.

$210,000

Airbnb cash on cash: 3.64%

Traditional cash on cash: 4.62%

Airbnb Rental Income: $1532

Traditional Rental Income: $1283

Airbnb ROI: 3.64%

Traditional ROI: 4.62%

714 Lincoln Street

New Albany, IN

2 beds | 1 baths | 816 sq.ft.

$165,000

Airbnb cash on cash: 4.08%

Traditional cash on cash: 4.4%

Airbnb Rental Income: $1538

Traditional Rental Income: $1144

Airbnb ROI: 4.08%

Traditional ROI: 4.4%

3828 Payne Koehler Road

New Albany, IN

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

$820,000

Airbnb cash on cash: 0.45%

Traditional cash on cash: 2.03%

Airbnb Rental Income: $1933

Traditional Rental Income: $2627

Airbnb ROI: 0.45%

Traditional ROI: 2.03%

1418 Vance Avenue

New Albany, IN

4 beds | 3 baths | 1,536 sq.ft.

$239,999

Airbnb cash on cash: 4.47%

Traditional cash on cash: 6.31%

Airbnb Rental Income: $1933

Traditional Rental Income: $1839

Airbnb ROI: 4.47%