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
1010 Cliffwood Drive New Albany, IN Welcome to this gorgeous all brick, 3-bedroom, 3-full bathroom ranch in the highly desirab...	3 beds \| 3 baths \| 2,656 sq.ft.	$324,900	Airbnb cash on cash: 1.13% Traditional cash on cash: 5.81% Airbnb Rental Income: $1504 Traditional Rental Income: $2493 Airbnb ROI: 1.13% Traditional ROI: 5.81%
1727 E Oak Street New Albany, IN ALL CONVENTIONAL FINAINCING AND CASH INVESTORS IT'S TIME TO SNATCH THIS ONE UP! Got some G...	2 beds \| 2 baths \| 1,184 sq.ft.	$149,900	Airbnb cash on cash: 3.86% Traditional cash on cash: 7.45% Airbnb Rental Income: $1332 Traditional Rental Income: $1436 Airbnb ROI: 3.86% Traditional ROI: 7.45%
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.	$275,000	Airbnb cash on cash: 2.27% Traditional cash on cash: 5.21% Airbnb Rental Income: $1504 Traditional Rental Income: $1827 Airbnb ROI: 2.27% Traditional ROI: 5.21%
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: 1.85% Traditional cash on cash: 9.11% Airbnb Rental Income: $1500 Traditional Rental Income: $2641 Airbnb ROI: 1.85% Traditional ROI: 9.11%
2421 Jacobs Drive New Albany, IN Welcome home to this charming all-brick ranch in Floyd County! This 4-bedroom, 1.5-bath ho...	4 beds \| 2 baths \| 1,900 sq.ft.	$239,000	Airbnb cash on cash: 1.85% Traditional cash on cash: 6.42% Airbnb Rental Income: $1500 Traditional Rental Income: $2093 Airbnb ROI: 1.85% Traditional ROI: 6.42%
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.	$244,000	Airbnb cash on cash: 2.82% Traditional cash on cash: 6.19% Airbnb Rental Income: $1500 Traditional Rental Income: $1839 Airbnb ROI: 2.82% Traditional ROI: 6.19%
306 Pimlico Drive New Albany, IN Welcome to this move-in-ready 4-bedroom, 1.5-bath home in the heart of New Albany! With 1,...	4 beds \| 2 baths \| 1,814 sq.ft.	$240,000	Airbnb cash on cash: 2.42% Traditional cash on cash: 6.75% Airbnb Rental Income: $1500 Traditional Rental Income: $2044 Airbnb ROI: 2.42% Traditional ROI: 6.75%
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: 3.75% Traditional cash on cash: 5.44% Airbnb Rental Income: $1504 Traditional Rental Income: $1391 Airbnb ROI: 3.75% Traditional ROI: 5.44%
1508 Beech Street New Albany, IN **DUPLEX with an AMAZING LOCATION" Welcome to an IMPROVED 1508 Beech Street! This home was...	3 beds \| 2 baths \| 1,231 sq.ft.	$185,000	Airbnb cash on cash: 2.96% Traditional cash on cash: 6.45% Airbnb Rental Income: $1504 Traditional Rental Income: $1678 Airbnb ROI: 2.96% Traditional ROI: 6.45%
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.	$339,900	Airbnb cash on cash: 0.9% Traditional cash on cash: 3.19% Airbnb Rental Income: $1332 Traditional Rental Income: $1652 Airbnb ROI: 0.9% Traditional ROI: 3.19%
2206 Green Valley Road New Albany, IN FABULOUS LOCATION Zoned Mixed Density Residential. This property is in a high traffic are...	2 beds \| 1 baths \| 1,852 sq.ft.	$172,000	Airbnb cash on cash: 2.59% Traditional cash on cash: 7.54% Airbnb Rental Income: $1332 Traditional Rental Income: $1733 Airbnb ROI: 2.59% Traditional ROI: 7.54%
306 Country Club Drive New Albany, IN Welcome to 306 Country Club Drive, a well-loved home tucked away in an established New Alb...	3 beds \| 2 baths \| 1,920 sq.ft.	$234,900	Airbnb cash on cash: 2.57% Traditional cash on cash: 6.08% Airbnb Rental Income: $1504 Traditional Rental Income: $1844 Airbnb ROI: 2.57% Traditional ROI: 6.08%
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.	$289,000	Airbnb cash on cash: 1.51% Traditional cash on cash: 3.83% Airbnb Rental Income: $1504 Traditional Rental Income: $1696 Airbnb ROI: 1.51% Traditional ROI: 3.83%
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.	$299,000	Airbnb cash on cash: 1.85% Traditional cash on cash: 3.95% Airbnb Rental Income: $1500 Traditional Rental Income: $1653 Airbnb ROI: 1.85% Traditional ROI: 3.95%
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.	$295,900	Airbnb cash on cash: 1.99% Traditional cash on cash: 6.27% Airbnb Rental Income: $1504 Traditional Rental Income: $2256 Airbnb ROI: 1.99% Traditional ROI: 6.27%
710 Victoria Ct New Albany, IN RENTALS ALLOWED! GREAT INVESTMENT OPPORTUNITY!!! Welcome to this adorable and low-maintena...	2 beds \| 1 baths \| 760 sq.ft.	$159,900	Airbnb cash on cash: 3.87% Traditional cash on cash: 4.82% Airbnb Rental Income: $1332 Traditional Rental Income: $1067 Airbnb ROI: 3.87% Traditional ROI: 4.82%
115 Union Street New Albany, IN This STUNNING HOME has been COMPLETELY RENOVATED/UPDATED! It has essentially been MADE NE...	3 beds \| 2 baths \| 1,350 sq.ft.	$239,500	Airbnb cash on cash: 2.94% Traditional cash on cash: 3.14% Airbnb Rental Income: $1504 Traditional Rental Income: $1110 Airbnb ROI: 2.94% Traditional ROI: 3.14%
1027 Skyview Drive New Albany, IN !OPEN HOUSE - THURSDAY 5pm-7pm! Welcome to this STUNNING 5-BEDROOM, 4.5-BATHROOM ranch hom...	5 beds \| 5 baths \| 4,492 sq.ft.	$520,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 6.02% Airbnb Rental Income: $1144 Traditional Rental Income: $3809 Airbnb ROI: -0.24% Traditional ROI: 6.02%
416 W 7th Street New Albany, IN Charming Brand New Construction in the heart of New Albany. Spacious 2 Bedrooms and 1 Bath...	2 beds \| 1 baths \| 962 sq.ft.	$184,800	Airbnb cash on cash: 3.63% Traditional cash on cash: 6.83% Airbnb Rental Income: $1332 Traditional Rental Income: $1484 Airbnb ROI: 3.63% Traditional ROI: 6.83%
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: 1.2% Traditional cash on cash: 3.45% Airbnb Rental Income: $1504 Traditional Rental Income: $1785 Airbnb ROI: 1.2% Traditional ROI: 3.45%
2109 Loop Island Way New Albany, IN The Eliza seamlessly blends Craftsman-style charm with the rich history of New Albany. Thi...	3 beds \| 2 baths \| 1,153 sq.ft.	$289,900	Airbnb cash on cash: 1.17% Traditional cash on cash: 3.08% Airbnb Rental Income: $1504 Traditional Rental Income: $1587 Airbnb ROI: 1.17% Traditional ROI: 3.08%
2105 Loop Island Way New Albany, IN Welcome to The Eliza â where timeless Craftsman charm meets modern comfort in the heart ...	3 beds \| 2 baths \| 1,153 sq.ft.	$289,900	Airbnb cash on cash: 1.17% Traditional cash on cash: 3.08% Airbnb Rental Income: $1504 Traditional Rental Income: $1587 Airbnb ROI: 1.17% Traditional ROI: 3.08%
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.	$317,900	Airbnb cash on cash: 0.9% Traditional cash on cash: 2.65% Airbnb Rental Income: $1504 Traditional Rental Income: $1587 Airbnb ROI: 0.9% Traditional ROI: 2.65%
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.	$309,900	Airbnb cash on cash: 2.03% Traditional cash on cash: 5.43% Airbnb Rental Income: $1500 Traditional Rental Income: $2052 Airbnb ROI: 2.03% Traditional ROI: 5.43%
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: 3.11% Traditional cash on cash: 6.41% Airbnb Rental Income: $1504 Traditional Rental Income: $1751 Airbnb ROI: 3.11% Traditional ROI: 6.41%
321 Country Club Drive New Albany, IN Check out this lovely completely renovated ranch home with an attached garage and solid br...	3 beds \| 1 baths \| 1,080 sq.ft.	$219,900	Airbnb cash on cash: 2.98% Traditional cash on cash: 3.8% Airbnb Rental Income: $1504 Traditional Rental Income: $1235 Airbnb ROI: 2.98% Traditional ROI: 3.8%
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: -0.27% Traditional cash on cash: 3.36% Airbnb Rental Income: $1500 Traditional Rental Income: $2907 Airbnb ROI: -0.27% Traditional ROI: 3.36%

Real Estate investment in New-albany, IN

There are 120 properties for sale in the city of New Albany . The median list price in New Albany is $275,000 and the average price per square foot is $153. In September 2025, the average monthly cash on cash return in New Albany is 5.00%. The average monthly rental income in New Albany is $1,842.

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

There are 120 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 $1,842.

Your search for investment property begins and ends here

Investment Property for Sale in New Albany, IN

1010 Cliffwood Drive

New Albany, IN

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

$324,900

Airbnb cash on cash: 1.13%

Traditional cash on cash: 5.81%

Airbnb Rental Income: $1504

Traditional Rental Income: $2493

Airbnb ROI: 1.13%

Traditional ROI: 5.81%

1727 E Oak Street

New Albany, IN

2 beds | 2 baths | 1,184 sq.ft.

$149,900

Airbnb cash on cash: 3.86%

Traditional cash on cash: 7.45%

Airbnb Rental Income: $1332

Traditional Rental Income: $1436

Airbnb ROI: 3.86%

Traditional ROI: 7.45%

1672 Garretson Lane

New Albany, IN

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

$275,000

Airbnb cash on cash: 2.27%

Traditional cash on cash: 5.21%

Airbnb Rental Income: $1504

Traditional Rental Income: $1827

Airbnb ROI: 2.27%

Traditional ROI: 5.21%

1919 Center Street

New Albany, IN

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

$230,000

Airbnb cash on cash: 1.85%

Traditional cash on cash: 9.11%

Airbnb Rental Income: $1500

Traditional Rental Income: $2641

Airbnb ROI: 1.85%

Traditional ROI: 9.11%

2421 Jacobs Drive

New Albany, IN

4 beds | 2 baths | 1,900 sq.ft.

$239,000

Airbnb cash on cash: 1.85%

Traditional cash on cash: 6.42%

Airbnb Rental Income: $1500

Traditional Rental Income: $2093

Airbnb ROI: 1.85%

Traditional ROI: 6.42%

1418 Vance Avenue

New Albany, IN

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

$244,000

Airbnb cash on cash: 2.82%

Traditional cash on cash: 6.19%

Airbnb Rental Income: $1500

Traditional Rental Income: $1839

Airbnb ROI: 2.82%

Traditional ROI: 6.19%

306 Pimlico Drive

New Albany, IN

4 beds | 2 baths | 1,814 sq.ft.

$240,000

Airbnb cash on cash: 2.42%

Traditional cash on cash: 6.75%

Airbnb Rental Income: $1500

Traditional Rental Income: $2044

Airbnb ROI: 2.42%

Traditional ROI: 6.75%

2122 WILLARD AVE

New Albany, IN

3 beds | 1 baths | 1,288 sq.ft.

$204,000

Airbnb cash on cash: 3.75%

Traditional cash on cash: 5.44%

Airbnb Rental Income: $1504

Traditional Rental Income: $1391

Airbnb ROI: 3.75%