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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
905 White Drive New Castle, IN This beautifully refreshed 3-bedroom, 2.5-bath ranch offers comfort, style, and convenienc...	3 beds \| 3 baths \| 2,190 sq.ft.	$284,900	Airbnb cash on cash: 0.15% Traditional cash on cash: 7.04% Airbnb Rental Income: $942 Traditional Rental Income: $2445 Airbnb ROI: 0.15% Traditional ROI: 7.04%
330 N 16th Street New Castle, IN Move-in ready! This 3-bedroom, 1-bath home on a corner lot with motivated sellers, offers ...	3 beds \| 1 baths \| 1,625 sq.ft.	$219,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 6.4% Airbnb Rental Income: $942 Traditional Rental Income: $1702 Airbnb ROI: 1.07% Traditional ROI: 6.4%
3806 S State Road 3 New Castle, IN Welcome to this beautifully updated 2,196 sq. ft. farmhouse situated on just over 2 acres,...	3 beds \| 2 baths \| 2,688 sq.ft.	$429,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 4.97% Airbnb Rental Income: $942 Traditional Rental Income: $2655 Airbnb ROI: -0.16% Traditional ROI: 4.97%
1404 S 23rd Street New Castle, IN This fully renovated 1850 SqFt, 3-bedroom, 2-bathroom two-story home is located in a quiet...	3 beds \| 2 baths \| 1,130 sq.ft.	$165,000	Airbnb cash on cash: 2.02% Traditional cash on cash: 6.19% Airbnb Rental Income: $942 Traditional Rental Income: $1253 Airbnb ROI: 2.02% Traditional ROI: 6.19%
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.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.56% Airbnb Rental Income: $null Traditional Rental Income: $2002 Airbnb ROI: N/A Traditional ROI: 10.56%
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%
1062 N Mill Street New Castle, IN New Build!! Love the open floor plans? This 3 bedroom 2 full bath home on 1 acre of ground...	3 beds \| 2 baths \| 1,655 sq.ft.	$259,900	Airbnb cash on cash: 0.9% Traditional cash on cash: 7.09% Airbnb Rental Income: $942 Traditional Rental Income: $2113 Airbnb ROI: 0.9% Traditional ROI: 7.09%
224 Reddingdale Drive New Castle, IN Affordable opportunity in the heart of New Castle! This 2-bedroom, 1-bath ranch offers 902...	2 beds \| 1 baths \| 902 sq.ft.	$105,000	Airbnb cash on cash: 1.94% Traditional cash on cash: 8.44% Airbnb Rental Income: $800 Traditional Rental Income: $1140 Airbnb ROI: 1.94% Traditional ROI: 8.44%
4101 Jeffry Street New Castle, IN Beautifully updated 3 bed, 1.5 bath home with 1,404 sq ft of living space, listed at $219,...	3 beds \| 2 baths \| 1,404 sq.ft.	$219,900	Airbnb cash on cash: 1.17% Traditional cash on cash: 6.93% Airbnb Rental Income: $942 Traditional Rental Income: $1796 Airbnb ROI: 1.17% Traditional ROI: 6.93%
729 I Avenue New Castle, IN Nestled in the heart of Newcastle, Indiana, discover the inviting home awaiting you at 729...	3 beds \| 2 baths \| 1,568 sq.ft.	$240,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 5.72% Airbnb Rental Income: $942 Traditional Rental Income: $1921 Airbnb ROI: -0.12% Traditional ROI: 5.72%
1015 Jameson Court New Castle, IN Spacious 3-bedroom, 3-bath home in New Castle situated on nearly half an acre. The home of...	4 beds \| 3 baths \| 2,630 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.95% Airbnb Rental Income: $null Traditional Rental Income: $2769 Airbnb ROI: N/A Traditional ROI: 8.95%
227 Midway Drive New Castle, IN Welcome to 227 Midway Drive in New Castle â a fully refreshed 2 bedroom, 1 bathroom ranc...	2 beds \| 1 baths \| 768 sq.ft.	$142,500	Airbnb cash on cash: 1.28% Traditional cash on cash: 6.15% Airbnb Rental Income: $800 Traditional Rental Income: $1143 Airbnb ROI: 1.28% Traditional ROI: 6.15%
2480 E State Road 38 New Castle, IN Country property offering versatility and functionality just minutes from town. This 3-bed...	3 beds \| 1 baths \| 1,412 sq.ft.	$264,900	Airbnb cash on cash: 0.58% Traditional cash on cash: 3.91% Airbnb Rental Income: $942 Traditional Rental Income: $1430 Airbnb ROI: 0.58% Traditional ROI: 3.91%
1515 Lynnhurst Drive New Castle, IN Move-in ready with spacious living! This 3-bedroom, 1.5-bath home features a primary bedro...	3 beds \| 2 baths \| 1,488 sq.ft.	$239,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 6.09% Airbnb Rental Income: $942 Traditional Rental Income: $1857 Airbnb ROI: 0.51% Traditional ROI: 6.09%
1619 P Avenue New Castle, IN INVESTMENT PROPERTY or make this cute 2 Bedroom Home your primary residence. This nice hom...	2 beds \| 1 baths \| 1,288 sq.ft.	$99,000	Airbnb cash on cash: 1.67% Traditional cash on cash: 10.52% Airbnb Rental Income: $800 Traditional Rental Income: $1330 Airbnb ROI: 1.67% Traditional ROI: 10.52%
2514 S 23rd Street New Castle, IN Opportunity awaits at 2514 S 23rd St in New Castle! This 3 bedroom, 1.5 bath home offers a...	3 beds \| 1 baths \| 1,164 sq.ft.	$100,000	Airbnb cash on cash: 3.32% Traditional cash on cash: 11.57% Airbnb Rental Income: $942 Traditional Rental Income: $1398 Airbnb ROI: 3.32% Traditional ROI: 11.57%
1725 Hunter Avenue New Castle, IN Remodeled 3-bedroom, 1-bath home offering approximately 1,007 sq ft with a warm, rustic-mo...	3 beds \| 1 baths \| 1,007 sq.ft.	$115,000	Airbnb cash on cash: 3.28% Traditional cash on cash: 9.2% Airbnb Rental Income: $942 Traditional Rental Income: $1254 Airbnb ROI: 3.28% Traditional ROI: 9.2%
368 S County Road 325 W New Castle, IN Rare find out in the county! Adorable two bedroom home on 1 1/2 acres. Nice eat in kitch...	2 beds \| 1 baths \| 832 sq.ft.	$164,900	Airbnb cash on cash: 1.37% Traditional cash on cash: 5.73% Airbnb Rental Income: $800 Traditional Rental Income: $1164 Airbnb ROI: 1.37% Traditional ROI: 5.73%
1222 Webster Avenue New Castle, IN This is a 2-bedroom, 1-bathroom home with a 1-car garage. It is conveniently located near ...	2 beds \| 1 baths \| 1,054 sq.ft.	$164,900	Airbnb cash on cash: 0.52% Traditional cash on cash: 1.54% Airbnb Rental Income: $800 Traditional Rental Income: $637 Airbnb ROI: 0.52% Traditional ROI: 1.54%

Real Estate investment in New-castle, IN

There are 19 properties for sale in the city of New Castle . The median list price in New Castle is $294,999 and the average price per square foot is $187. In April 2026, the average monthly cash on cash return in New Castle is 7.00%. The average monthly rental income in New Castle is $1,566.

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

There are 19 investment properties available for sale in New-castle.

In 2026, 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 $1,566.

Your search for investment property begins and ends here

Investment Property for Sale in New Castle, IN

905 White Drive

New Castle, IN

3 beds | 3 baths | 2,190 sq.ft.

$284,900

Airbnb cash on cash: 0.15%

Traditional cash on cash: 7.04%

Airbnb Rental Income: $942

Traditional Rental Income: $2445

Airbnb ROI: 0.15%

Traditional ROI: 7.04%

330 N 16th Street

New Castle, IN

3 beds | 1 baths | 1,625 sq.ft.

$219,000

Airbnb cash on cash: 1.07%

Traditional cash on cash: 6.4%

Airbnb Rental Income: $942

Traditional Rental Income: $1702

Airbnb ROI: 1.07%

Traditional ROI: 6.4%

3806 S State Road 3

New Castle, IN

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

$429,000

Airbnb cash on cash: -0.16%

Traditional cash on cash: 4.97%

Airbnb Rental Income: $942

Traditional Rental Income: $2655

Airbnb ROI: -0.16%

Traditional ROI: 4.97%

1404 S 23rd Street

New Castle, IN

3 beds | 2 baths | 1,130 sq.ft.

$165,000

Airbnb cash on cash: 2.02%

Traditional cash on cash: 6.19%

Airbnb Rental Income: $942

Traditional Rental Income: $1253

Airbnb ROI: 2.02%

Traditional ROI: 6.19%

5362 S Old State Road 103

New Castle, IN

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

$165,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.56%

Airbnb Rental Income: $null

Traditional Rental Income: $2002

Airbnb ROI: N/A

Traditional ROI: 10.56%

4517 E County Road 400 S

New Castle, IN

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%

1062 N Mill Street

New Castle, IN

3 beds | 2 baths | 1,655 sq.ft.

$259,900

Airbnb cash on cash: 0.9%

Traditional cash on cash: 7.09%

Airbnb Rental Income: $942

Traditional Rental Income: $2113

Airbnb ROI: 0.9%

Traditional ROI: 7.09%

224 Reddingdale Drive

New Castle, IN

2 beds | 1 baths | 902 sq.ft.

$105,000

Airbnb cash on cash: 1.94%

Traditional cash on cash: 8.44%

Airbnb Rental Income: $800

Traditional Rental Income: $1140

Airbnb ROI: 1.94%