Real Estate Investment Properties for Sale in New Castle, IN

Looking for investment property in New Castle, IN with high ROI ?

Explore a variety of short-term homes & houses in New Castle, IN. Invest wisely with VRBO & New Castle, 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 Castle, IN

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1525 S Avenue New Castle, IN Escape to the tranquility of this charming two-bedroom bungalow, perfectly situated in a p...	2 beds \| 1 baths \| 896 sq.ft.	$129,900	Airbnb cash on cash: 3.76% Traditional cash on cash: 7.41% Airbnb Rental Income: $1171 Traditional Rental Income: $1243 Airbnb ROI: 3.76% Traditional ROI: 7.41%
1316 S 19th Street New Castle, IN This recently renovated two-story home is a must-see, it features new kitchen appliances, ...	3 beds \| 2 baths \| 1,056 sq.ft.	$139,000	Airbnb cash on cash: 9.94% Traditional cash on cash: 9.27% Airbnb Rental Income: $2151 Traditional Rental Income: $1514 Airbnb ROI: 9.94% Traditional ROI: 9.27%
3806 S State Road 3 New Castle, IN Updated Farmhouse on 2+ Acres!!! Opportunity awaits at this prime Mixed Use property locat...	3 beds \| 2 baths \| 2,688 sq.ft.	$436,900	Airbnb cash on cash: 2.29% Traditional cash on cash: 4.86% Airbnb Rental Income: $2151 Traditional Rental Income: $2655 Airbnb ROI: 2.29% Traditional ROI: 4.86%
1404 S 23rd Street New Castle, IN This fully renovated 3-bedroom, 2-bathroom two-story home is located in a quiet neighborho...	3 beds \| 2 baths \| 840 sq.ft.	$175,000	Airbnb cash on cash: 7.22% Traditional cash on cash: 5.12% Airbnb Rental Income: $2151 Traditional Rental Income: $1253 Airbnb ROI: 7.22% Traditional ROI: 5.12%
701 Hawthorn Road New Castle, IN This stunning Mid-Century Modern home sitting high up on a hill on over three-quarters of ...	4 beds \| 3 baths \| 3,787 sq.ft.	$395,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.1% Airbnb Rental Income: $null Traditional Rental Income: $3096 Airbnb ROI: N/A Traditional ROI: 6.1%
3462 N County Rd 300 W New Castle, IN This cozy home offers the land you've been wishing for - 6.26 acres - surrounded by the pe...	3 beds \| 2 baths \| 1,092 sq.ft.	$265,000	Airbnb cash on cash: 4.64% Traditional cash on cash: 4.48% Airbnb Rental Income: $2151 Traditional Rental Income: $1563 Airbnb ROI: 4.64% Traditional ROI: 4.48%
317 S 22nd Street New Castle, IN Welcome to this beautifully maintained and move-in ready home offering 3 bedrooms, 2 full ...	3 beds \| 2 baths \| 2,322 sq.ft.	$226,000	Airbnb cash on cash: 6.03% Traditional cash on cash: 8.5% Airbnb Rental Income: $2151 Traditional Rental Income: $2131 Airbnb ROI: 6.03% Traditional ROI: 8.5%
5362 S Old State Road 103 New Castle, IN Here is the opportunity to get a home that you can make it how you want it in a great loca...	4 beds \| 2 baths \| 1,568 sq.ft.	$170,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.23% Airbnb Rental Income: $null Traditional Rental Income: $2002 Airbnb ROI: N/A Traditional ROI: 10.23%
216 N County Road 300 E New Castle, IN Welcome to the Country!! Here's your chance to own your own little piece of heaven. This ...	3 beds \| 2 baths \| 1,632 sq.ft.	$269,000	Airbnb cash on cash: 4.64% Traditional cash on cash: 5.75% Airbnb Rental Income: $2151 Traditional Rental Income: $1885 Airbnb ROI: 4.64% Traditional ROI: 5.75%
3143 S KLIPSCH Drive New Castle, IN A coffee in your hands in a sunroom on your must haves list? What about 3 bedrooms (includ...	3 beds \| 2 baths \| 1,640 sq.ft.	$224,900	Airbnb cash on cash: 5.46% Traditional cash on cash: 6.93% Airbnb Rental Income: $2151 Traditional Rental Income: $1916 Airbnb ROI: 5.46% Traditional ROI: 6.93%
1005 S 14th Street New Castle, IN Don't miss out on this two bedroom one bath home with a nice size backyard! The bonus roo...	2 beds \| 1 baths \| 1,855 sq.ft.	$89,900	Airbnb cash on cash: 6.05% Traditional cash on cash: 11.74% Airbnb Rental Income: $1171 Traditional Rental Income: $1287 Airbnb ROI: 6.05% Traditional ROI: 11.74%
3659 S State Road 103 New Castle, IN Spacious corner lot offering room for everything and everyone! This inviting home in Henry...	4 beds \| 2 baths \| 2,058 sq.ft.	$294,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.78% Airbnb Rental Income: $null Traditional Rental Income: $2379 Airbnb ROI: N/A Traditional ROI: 6.78%
2922 Sunnyside Avenue New Castle, IN Discover potential in this cozy 2-bedroom, 1-bath home offering 980 sq. ft. of living spac...	2 beds \| 1 baths \| 980 sq.ft.	$83,900	Airbnb cash on cash: 6.04% Traditional cash on cash: 11.91% Airbnb Rental Income: $1171 Traditional Rental Income: $1270 Airbnb ROI: 6.04% Traditional ROI: 11.91%
404 N 20Th Street New Castle, IN Take time to look at this little gem on the outskirts of town. When you drive by this move...	3 beds \| 2 baths \| 1,125 sq.ft.	$174,900	Airbnb cash on cash: 7.6% Traditional cash on cash: 7.42% Airbnb Rental Income: $2151 Traditional Rental Income: $1573 Airbnb ROI: 7.6% Traditional ROI: 7.42%
2406 C Avenue New Castle, IN Beautiful and well maintained home! This home has two bedrooms on the main floor and thre...	5 beds \| 1 baths \| 1,512 sq.ft.	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.77% Airbnb Rental Income: $null Traditional Rental Income: $1634 Airbnb ROI: N/A Traditional ROI: 7.77%
4517 E County Road 400 S New Castle, IN Get out of town! Here's your chance to move to the county with no down payment using USDA ...	4 beds \| 2 baths \| 1,984 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.78% Airbnb Rental Income: $null Traditional Rental Income: $2258 Airbnb ROI: N/A Traditional ROI: 3.78%
290 N Hillsboro Road New Castle, IN Not city not country but just in between! 3 Bedroom 1 bath home in hillsboro area. 2 car ...	3 beds \| 1 baths \| 1,728 sq.ft.	$159,000	Airbnb cash on cash: 8.46% Traditional cash on cash: 8.44% Airbnb Rental Income: $2151 Traditional Rental Income: $1600 Airbnb ROI: 8.46% Traditional ROI: 8.44%
1909 Cherrywood Avenue New Castle, IN Step into modern comfort with this beautifully updated 2-bedroom, 1-bath ranch, with 992 s...	2 beds \| 1 baths \| 922 sq.ft.	$144,900	Airbnb cash on cash: 2.77% Traditional cash on cash: 4.8% Airbnb Rental Income: $1171 Traditional Rental Income: $1069 Airbnb ROI: 2.77% Traditional ROI: 4.8%

Real Estate investment in New-castle, IN

There are 18 properties for sale in the city of New Castle . The median list price in New Castle is $174,900 and the average price per square foot is $104. In October 2025, the average monthly cash on cash return in New Castle is 7.00%. The average monthly rental income in New Castle is $1,600.

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

There are 18 investment properties available for sale in New-castle.

In 2025, the best neighborhood to buy investment property is New Castle.

The ROI for Long-Term is higher than the Short-Term in New-castle with average rental income of $1,600.

Your search for investment property begins and ends here

Investment Property for Sale in New Castle, IN

1525 S Avenue

New Castle, IN

2 beds | 1 baths | 896 sq.ft.

$129,900

Airbnb cash on cash: 3.76%

Traditional cash on cash: 7.41%

Airbnb Rental Income: $1171

Traditional Rental Income: $1243

Airbnb ROI: 3.76%

Traditional ROI: 7.41%

1316 S 19th Street

New Castle, IN

3 beds | 2 baths | 1,056 sq.ft.

$139,000

Airbnb cash on cash: 9.94%

Traditional cash on cash: 9.27%

Airbnb Rental Income: $2151

Traditional Rental Income: $1514

Airbnb ROI: 9.94%

Traditional ROI: 9.27%

3806 S State Road 3

New Castle, IN

3 beds | 2 baths | 2,688 sq.ft.

$436,900

Airbnb cash on cash: 2.29%

Traditional cash on cash: 4.86%

Airbnb Rental Income: $2151

Traditional Rental Income: $2655

Airbnb ROI: 2.29%

Traditional ROI: 4.86%

1404 S 23rd Street

New Castle, IN

3 beds | 2 baths | 840 sq.ft.

$175,000

Airbnb cash on cash: 7.22%

Traditional cash on cash: 5.12%

Airbnb Rental Income: $2151

Traditional Rental Income: $1253

Airbnb ROI: 7.22%

Traditional ROI: 5.12%

701 Hawthorn Road

New Castle, IN

4 beds | 3 baths | 3,787 sq.ft.

$395,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.1%

Airbnb Rental Income: $null

Traditional Rental Income: $3096

Airbnb ROI: N/A

Traditional ROI: 6.1%

3462 N County Rd 300 W

New Castle, IN

3 beds | 2 baths | 1,092 sq.ft.

$265,000

Airbnb cash on cash: 4.64%

Traditional cash on cash: 4.48%

Airbnb Rental Income: $2151

Traditional Rental Income: $1563

Airbnb ROI: 4.64%

Traditional ROI: 4.48%

317 S 22nd Street

New Castle, IN

3 beds | 2 baths | 2,322 sq.ft.

$226,000

Airbnb cash on cash: 6.03%

Traditional cash on cash: 8.5%

Airbnb Rental Income: $2151

Traditional Rental Income: $2131

Airbnb ROI: 6.03%

Traditional ROI: 8.5%

5362 S Old State Road 103

New Castle, IN

4 beds | 2 baths | 1,568 sq.ft.

$170,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.23%

Airbnb Rental Income: $null

Traditional Rental Income: $2002

Airbnb ROI: N/A