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
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: 2.33% Traditional cash on cash: 4.56% Airbnb Rental Income: $1335 Traditional Rental Income: $1367 Airbnb ROI: 2.33% 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: 2.56% Traditional cash on cash: 9.11% Airbnb Rental Income: $1685 Traditional Rental Income: $2641 Airbnb ROI: 2.56% Traditional ROI: 9.11%
1744 Ekin Avenue New Albany, IN Updated and full of charm, this three-bedroom, two-bath home is perfectly situated on a de...	3 beds \| 2 baths \| 1,282 sq.ft.	$219,900	Airbnb cash on cash: 1.37% Traditional cash on cash: 4.38% Airbnb Rental Income: $1335 Traditional Rental Income: $1551 Airbnb ROI: 1.37% Traditional ROI: 4.38%
1748 E Oak Street New Albany, IN ASK ABOUT 100% FINANCING from NEIGHBORHOOD HOUSING PROGRAM. This is an excellent opportuni...	3 beds \| 2 baths \| 2,003 sq.ft.	$250,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 6.72% Airbnb Rental Income: $1335 Traditional Rental Income: $2100 Airbnb ROI: 1.74% Traditional ROI: 6.72%
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: 0.42% Traditional cash on cash: 2.56% Airbnb Rental Income: $1335 Traditional Rental Income: $1814 Airbnb ROI: 0.42% 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: 1.04% Traditional cash on cash: 6.28% Airbnb Rental Income: $1335 Traditional Rental Income: $2403 Airbnb ROI: 1.04% Traditional ROI: 6.28%
4126 Payne Koehler Road New Albany, IN Price Improved! Seller Motivated! Welcome home to this charming 3-bedroom, 1-bath property...	3 beds \| 1 baths \| 1,638 sq.ft.	$294,900	Airbnb cash on cash: 1.55% Traditional cash on cash: 3.35% Airbnb Rental Income: $1335 Traditional Rental Income: $1422 Airbnb ROI: 1.55% Traditional ROI: 3.35%
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: 5.45% Traditional cash on cash: 8.31% Airbnb Rental Income: $1319 Traditional Rental Income: $1219 Airbnb ROI: 5.45% Traditional ROI: 8.31%
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: 0.18% Traditional cash on cash: 2.03% Airbnb Rental Income: $1685 Traditional Rental Income: $2627 Airbnb ROI: 0.18% Traditional ROI: 2.03%
1825 Center Street New Albany, IN Move-in ready 2-bedroom, 1-bath home in New Albany, conveniently located with quick access...	2 beds \| 1 baths \| 776 sq.ft.	$129,900	Airbnb cash on cash: 4.51% Traditional cash on cash: 5.91% Airbnb Rental Income: $1319 Traditional Rental Income: $1086 Airbnb ROI: 4.51% Traditional ROI: 5.91%
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: 2.37% Traditional cash on cash: 5.92% Airbnb Rental Income: $1335 Traditional Rental Income: $1646 Airbnb ROI: 2.37% 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: 3.75% Traditional cash on cash: 6.56% Airbnb Rental Income: $1319 Traditional Rental Income: $1340 Airbnb ROI: 3.75% Traditional ROI: 6.56%
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: 2.45% Traditional cash on cash: 5.89% Airbnb Rental Income: $1319 Traditional Rental Income: $1611 Airbnb ROI: 2.45% 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: 3.49% Traditional cash on cash: 4.62% Airbnb Rental Income: $1685 Traditional Rental Income: $1486 Airbnb ROI: 3.49% 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: 3.03% Traditional cash on cash: 5.44% Airbnb Rental Income: $1335 Traditional Rental Income: $1391 Airbnb ROI: 3.03% Traditional ROI: 5.44%
314 Lone Oak Drive New Albany, IN Welcome home to this beautifully remodeled 4-bedroom, 2-bath gem tucked away on a quiet st...	4 beds \| 2 baths \| 1,348 sq.ft.	$232,000	Airbnb cash on cash: 3.42% Traditional cash on cash: 5.67% Airbnb Rental Income: $1685 Traditional Rental Income: $1707 Airbnb ROI: 3.42% Traditional ROI: 5.67%
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: 1.46% Traditional cash on cash: 2.63% Airbnb Rental Income: $1685 Traditional Rental Income: $1654 Airbnb ROI: 1.46% 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.	$374,900	Airbnb cash on cash: 0.87% Traditional cash on cash: 5.49% Airbnb Rental Income: $1319 Traditional Rental Income: $2536 Airbnb ROI: 0.87% Traditional ROI: 5.49%
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: 0.98% Traditional cash on cash: 3.45% Airbnb Rental Income: $1319 Traditional Rental Income: $1652 Airbnb ROI: 0.98% Traditional ROI: 3.45%
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: 1.88% Traditional cash on cash: 5.63% Airbnb Rental Income: $1335 Traditional Rental Income: $1807 Airbnb ROI: 1.88% Traditional ROI: 5.63%
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: 1.09% Traditional cash on cash: 4.07% Airbnb Rental Income: $1335 Traditional Rental Income: $1696 Airbnb ROI: 1.09% Traditional ROI: 4.07%
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.	$142,500	Airbnb cash on cash: 2.51% Traditional cash on cash: 4.12% Airbnb Rental Income: $1319 Traditional Rental Income: $1129 Airbnb ROI: 2.51% Traditional ROI: 4.12%
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.	$129,900	Airbnb cash on cash: 4.86% Traditional cash on cash: 6.12% Airbnb Rental Income: $1319 Traditional Rental Income: $1067 Airbnb ROI: 4.86% Traditional ROI: 6.12%
1139 Beeler Street New Albany, IN Welcome to your dream home nestled in the heart of New Albany! This charming 1-bedroom, 1....	2 beds \| 1 baths \| 834 sq.ft.	$123,000	Airbnb cash on cash: 4.98% Traditional cash on cash: 8.41% Airbnb Rental Income: $1319 Traditional Rental Income: $1317 Airbnb ROI: 4.98% Traditional ROI: 8.41%
2103 Loop Island Way New Albany, IN Timeless Craftsman Charm Meets Modern Elegance Welcome to The Corneliaâa beautifully cra...	3 beds \| 2 baths \| 1,153 sq.ft.	$312,900	Airbnb cash on cash: 0.93% Traditional cash on cash: 3.19% Airbnb Rental Income: $1335 Traditional Rental Income: $1587 Airbnb ROI: 0.93% Traditional ROI: 3.19%
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: 0.64% Traditional cash on cash: 6.53% Airbnb Rental Income: $1335 Traditional Rental Income: $2798 Airbnb ROI: 0.64% Traditional ROI: 6.53%
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: 2.44% Traditional cash on cash: 6.41% Airbnb Rental Income: $1335 Traditional Rental Income: $1751 Airbnb ROI: 2.44% 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: 0.03% Traditional cash on cash: 3.36% Airbnb Rental Income: $1685 Traditional Rental Income: $2907 Airbnb ROI: 0.03% Traditional ROI: 3.36%
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: 3.22% Traditional cash on cash: 5.68% Airbnb Rental Income: $1335 Traditional Rental Income: $1390 Airbnb ROI: 3.22% Traditional ROI: 5.68%
4105 Stone Place New Albany, IN A Breath of Fresh Air in Sunset Manor! Welcome to 4105 Stone Place - a home that's been se...	5 beds \| 2 baths \| 1,456 sq.ft.	$289,000	Airbnb cash on cash: 3.02% Traditional cash on cash: 4.8% Airbnb Rental Income: $1785 Traditional Rental Income: $1782 Airbnb ROI: 3.02% Traditional ROI: 4.8%
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% Traditional cash on cash: 9.19% Airbnb Rental Income: $527 Traditional Rental Income: $1240 Airbnb ROI: -1% 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: 3.85% Traditional cash on cash: 5.25% Airbnb Rental Income: $1319 Traditional Rental Income: $1110 Airbnb ROI: 3.85% 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: 3.76% Traditional cash on cash: 6.04% Airbnb Rental Income: $1335 Traditional Rental Income: $1261 Airbnb ROI: 3.76% 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.	$550,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 0.91% Airbnb Rental Income: $1319 Traditional Rental Income: $1272 Airbnb ROI: 0.21% Traditional ROI: 0.91%
2705 Charlestown Road New Albany, IN Only 2 owners. This home has been both residential and commercial rental since 1990's. Sel...	2 beds \| 1 baths \| 1,319 sq.ft.	$195,000	Airbnb cash on cash: 2.1% Traditional cash on cash: 4.34% Airbnb Rental Income: $1319 Traditional Rental Income: $1326 Airbnb ROI: 2.1% Traditional ROI: 4.34%
321 Galt Street New Albany, IN Maxim Value, minimum price. Great neighborhood, Great sized property for Volleyball, 12.4 ...	3 beds \| 1 baths \| 1,000 sq.ft.	$100,000	Airbnb cash on cash: 6.23% Traditional cash on cash: 9.22% Airbnb Rental Income: $1335 Traditional Rental Income: $1214 Airbnb ROI: 6.23% Traditional ROI: 9.22%
2107 E Market Street New Albany, IN WHY RENT WHEN YOU CAN OWN?This BEAUTIFUL NEW Home is waiting for YOU!! Part of the N.A. G....	3 beds \| 2 baths \| 1,125 sq.ft.	$229,900	Airbnb cash on cash: 2.6% Traditional cash on cash: 5.45% Airbnb Rental Income: $1335 Traditional Rental Income: $1543 Airbnb ROI: 2.6% Traditional ROI: 5.45%
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.	$229,900	Airbnb cash on cash: -1.13% Traditional cash on cash: 3.25% Airbnb Rental Income: $527 Traditional Rental Income: $1202 Airbnb ROI: -1.13% Traditional ROI: 3.25%
2403 Jacobs Drive New Albany, IN Excellent Location - Charming Renovated Home with Finished Basement & 2-5 Car Garage. Welc...	3 beds \| 2 baths \| 1,832 sq.ft.	$259,900	Airbnb cash on cash: 1.5% Traditional cash on cash: 5.63% Airbnb Rental Income: $1335 Traditional Rental Income: $1938 Airbnb ROI: 1.5% Traditional ROI: 5.63%
4261.4259 Stone Mountain Road New Albany, IN Absolutely Stunning 60.69 Acre Property with Two Homes and Skyline Views! An extraordinary...	4 beds \| 3 baths \| 2,064 sq.ft.	$975,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 0.96% Airbnb Rental Income: $1685 Traditional Rental Income: $2241 Airbnb ROI: -0.17% Traditional ROI: 0.96%

Real Estate investment in New-albany, IN

There are 103 properties for sale in the city of New Albany . The median list price in New Albany is $249,900 and the average price per square foot is $148. In February 2026, the average monthly cash on cash return in New Albany is 5.00%. The average monthly rental income in New Albany is $1,602.

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

There are 103 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 $1,602.

Your search for investment property begins and ends here

Investment Property for Sale in New Albany, IN

303 Pimlico Drive

New Albany, IN

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

$209,900

Airbnb cash on cash: 2.33%

Traditional cash on cash: 4.56%

Airbnb Rental Income: $1335

Traditional Rental Income: $1367

Airbnb ROI: 2.33%

Traditional ROI: 4.56%

1919 Center Street

New Albany, IN

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

$230,000

Airbnb cash on cash: 2.56%

Traditional cash on cash: 9.11%

Airbnb Rental Income: $1685

Traditional Rental Income: $2641

Airbnb ROI: 2.56%

Traditional ROI: 9.11%

1744 Ekin Avenue

New Albany, IN

3 beds | 2 baths | 1,282 sq.ft.

$219,900

Airbnb cash on cash: 1.37%

Traditional cash on cash: 4.38%

Airbnb Rental Income: $1335

Traditional Rental Income: $1551

Airbnb ROI: 1.37%

Traditional ROI: 4.38%

1748 E Oak Street

New Albany, IN

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

$250,000

Airbnb cash on cash: 1.74%

Traditional cash on cash: 6.72%

Airbnb Rental Income: $1335

Traditional Rental Income: $2100

Airbnb ROI: 1.74%

Traditional ROI: 6.72%

1111 Teal Ridge Court

New Albany, IN

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

$444,900

Airbnb cash on cash: 0.42%

Traditional cash on cash: 2.56%

Airbnb Rental Income: $1335

Traditional Rental Income: $1814

Airbnb ROI: 0.42%

Traditional ROI: 2.56%

3834 Rainbow Drive

New Albany, IN

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

$299,900

Airbnb cash on cash: 1.04%

Traditional cash on cash: 6.28%

Airbnb Rental Income: $1335

Traditional Rental Income: $2403

Airbnb ROI: 1.04%

Traditional ROI: 6.28%

4126 Payne Koehler Road

New Albany, IN

3 beds | 1 baths | 1,638 sq.ft.

$294,900

Airbnb cash on cash: 1.55%

Traditional cash on cash: 3.35%

Airbnb Rental Income: $1335

Traditional Rental Income: $1422

Airbnb ROI: 1.55%

Traditional ROI: 3.35%

1317 Vine Street

New Albany, IN

2 beds | 1 baths | 1,040 sq.ft.

$111,600

Airbnb cash on cash: 5.45%

Traditional cash on cash: 8.31%

Airbnb Rental Income: $1319

Traditional Rental Income: $1219

Airbnb ROI: 5.45%