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
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%
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.	$294,900	Airbnb cash on cash: 3.19% Traditional cash on cash: 4.02% Airbnb Rental Income: $1933 Traditional Rental Income: $1653 Airbnb ROI: 3.19% 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%
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.	$215,000	Airbnb cash on cash: 3.74% Traditional cash on cash: 5.22% Airbnb Rental Income: $1532 Traditional Rental Income: $1390 Airbnb ROI: 3.74% Traditional ROI: 5.22%
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 113 properties for sale in the city of New Albany . The median list price in New Albany is $265,000 and the average price per square foot is $140. 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 $1,829.

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

There are 113 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 $1,829.

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%

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%

Traditional ROI: 6.31%

812 Vincennes Street

New Albany, IN

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%