Real Estate Investment Properties for Sale in Salem, IN

Looking for investment property in Salem, IN with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
116 Nichols Avenue Salem, IN This all brick 3 bedroom home is conveniently located in a quiet neighborhood. Enjoy the c...	3 beds \| 1 baths \| 1,056 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.62% Airbnb Rental Income: $null Traditional Rental Income: $1234 Airbnb ROI: N/A Traditional ROI: 4.62%
2476 N Old 56 Salem, IN If you've been dreaming about starting a homestead, this Salem property is ready for you. ...	4 beds \| 2 baths \| 1,340 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.33% Airbnb Rental Income: $null Traditional Rental Income: $1560 Airbnb ROI: N/A Traditional ROI: 5.33%
208 Highland Drive Salem, IN Great home conveniently located on a CORNER LOT in town. It has 3 Br, 1 Ba. and a FULL BAS...	3 beds \| 1 baths \| 1,225 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.16% Airbnb Rental Income: $null Traditional Rental Income: $1444 Airbnb ROI: N/A Traditional ROI: 4.16%
4313 E Canton Road Salem, IN MOTIVATED SELLER!! SELLER WANTS OFFER!! Multiple Opportunities with this unique property! ...	3 beds \| 1 baths \| 4,026 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.25% Airbnb Rental Income: $null Traditional Rental Income: $1406 Airbnb ROI: N/A Traditional ROI: 6.25%
409 N Water Street Salem, IN BEAUTIFUL HISTORIC CHARM...with a history documented from 1815, this former school house f...	3 beds \| 2 baths \| 1,520 sq.ft.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.97% Airbnb Rental Income: $null Traditional Rental Income: $1921 Airbnb ROI: N/A Traditional ROI: 9.97%
301 E Market Street Salem, IN Welcome Home! This Gorgeous HOME Is the perfect blend of space, character, charm and walka...	2 beds \| 2 baths \| 1,640 sq.ft.	$267,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.63% Airbnb Rental Income: $null Traditional Rental Income: $1847 Airbnb ROI: N/A Traditional ROI: 4.63%
218 Washington Boulevard Salem, IN Attention serious home buyers this 2 bedroom property includes an office on the main floor...	2 beds \| 1 baths \| 1,155 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.19% Airbnb Rental Income: $null Traditional Rental Income: $1321 Airbnb ROI: N/A Traditional ROI: 7.19%
9781 E New Philadelphia Road Salem, IN This beautiful homestead is ideal for anyone wanting to live the off-grid lifestyle. The h...	1 beds \| 1 baths \| 1,200 sq.ft.	$214,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 6.17% Airbnb Rental Income: $471 Traditional Rental Income: $1685 Airbnb ROI: -1.1% Traditional ROI: 6.17%
4946 W Arrow Road Salem, IN You do not want to miss this one! Beautiful cabin with oak hardwood flooring, custom built...	5 beds \| 3 baths \| 4,960 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.23% Airbnb Rental Income: $null Traditional Rental Income: $2715 Airbnb ROI: N/A Traditional ROI: 4.23%
1706 E Lewellen Road Salem, IN Just what you've been waiting for. Beautiful 4BR ,2.5 BA 2812 sq ft. Victorian style home ...	4 beds \| 3 baths \| 2,812 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.41% Airbnb Rental Income: $null Traditional Rental Income: $2681 Airbnb ROI: N/A Traditional ROI: 5.41%
5810 E State Road 56 Salem, IN 4 bedroom/2 baths with many updates! Includes 2-Car detached Garage and 2-Car Carport and ...	4 beds \| 2 baths \| 1,976 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.64% Airbnb Rental Income: $null Traditional Rental Income: $2200 Airbnb ROI: N/A Traditional ROI: 5.64%
630 N Public Road Salem, IN Don't miss out of this Newly remodeled 3 bedroom, 2 bathroom home with attached one car ga...	3 beds \| 2 baths \| 1,340 sq.ft.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.33% Airbnb Rental Income: $null Traditional Rental Income: $1561 Airbnb ROI: N/A Traditional ROI: 4.33%
3634 W State Road 60 Road Salem, IN Don't miss out on this one! Come check out this 4 bedroom/ 2 bathroom, 1 1/2 story home si...	4 beds \| 2 baths \| 1,860 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.73% Airbnb Rental Income: $null Traditional Rental Income: $1759 Airbnb ROI: N/A Traditional ROI: 6.73%
3634 W State Road 60 Salem, IN Don't miss out on this one! Come check out this 4 bedroom/ 2 bathroom, 1 1/2 story home si...	4 beds \| 2 baths \| 1,860 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.75% Airbnb Rental Income: $null Traditional Rental Income: $1762 Airbnb ROI: N/A Traditional ROI: 6.75%
406 Grandview Drive Salem, IN Charming 3-bedroom 1 bathroom home on a corner lot in Salem! This property offers a large ...	3 beds \| 1 baths \| 1,056 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.82% Airbnb Rental Income: $null Traditional Rental Income: $1012 Airbnb ROI: N/A Traditional ROI: 3.82%
7783 S Organ Springs Road Salem, IN Escape to the perfect blend of comfort and seclusion with this 2024 manufactured home nest...	4 beds \| 2 baths \| 1,680 sq.ft.	$258,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.16% Airbnb Rental Income: $null Traditional Rental Income: $1396 Airbnb ROI: N/A Traditional ROI: 4.16%
2316 W Vincennes Trail Salem, IN Priced at $130,000, this 3 bedroom, 2 bath home in Salem, Southern Indiana offers an open ...	3 beds \| 2 baths \| 1,216 sq.ft.	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 10% Airbnb Rental Income: $null Traditional Rental Income: $1486 Airbnb ROI: N/A Traditional ROI: 10%
1771 N Rush Creek Road Salem, IN You do not want to miss this one!! This 3 bedroom, 1 and half bath home with 1764 square f...	3 beds \| 2 baths \| 1,764 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.06% Airbnb Rental Income: $null Traditional Rental Income: $2002 Airbnb ROI: N/A Traditional ROI: 7.06%
114 Lincoln Street Salem, IN Welcome to this charming 3-bedroom, 2-bath home offering incredible flexibility and comfor...	3 beds \| 2 baths \| 1,392 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.35% Airbnb Rental Income: $null Traditional Rental Income: $1764 Airbnb ROI: N/A Traditional ROI: 7.35%
2620 W Cody Road Salem, IN Seller will give a paint/flooring allowance with accepted offer. Welcome to country living...	3 beds \| 3 baths \| 2,894 sq.ft.	$775,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.83% Airbnb Rental Income: $null Traditional Rental Income: $2500 Airbnb ROI: N/A Traditional ROI: 1.83%
1440 S Jackson Street Salem, IN This recently updated 3 bedroom, 2 bath home sits on 1.35 acres just south of Salem on hwy...	3 beds \| 2 baths \| 1,456 sq.ft.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.45% Airbnb Rental Income: $null Traditional Rental Income: $1677 Airbnb ROI: N/A Traditional ROI: 4.45%
262 E Oak Drive Salem, IN Move-in ready 3 bedroom, 2 full bath ranch offering approximately 1,540 sq ft of thoughtfu...	3 beds \| 2 baths \| 1,540 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.25% Airbnb Rental Income: $null Traditional Rental Income: $1690 Airbnb ROI: N/A Traditional ROI: 6.25%
609 Michael Street Salem, IN Mid-century meets modern! Welcome to a beautifully updated 3 bedroom, 1.5-bathroom home ne...	3 beds \| 2 baths \| 1,336 sq.ft.	$210,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.45% Airbnb Rental Income: $null Traditional Rental Income: $1578 Airbnb ROI: N/A Traditional ROI: 5.45%

Real Estate investment in Salem, IN

There are 23 properties for sale in the city of Salem . The median list price in Salem is $427,500 and the average price per square foot is $214. In April 2026, the average monthly cash on cash return in Salem is 5.00%. The average monthly rental income in Salem is $1,688.

Salem, IN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 23 investment properties available for sale in Salem.

In 2026, the best neighborhood to buy investment property is Salem.

The ROI for Long-Term is higher than the Short-Term in Salem with average rental income of $1,688.

Your search for investment property begins and ends here

Investment Property for Sale in Salem, IN

116 Nichols Avenue

Salem, IN

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

$189,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.62%

Airbnb Rental Income: $null

Traditional Rental Income: $1234

Airbnb ROI: N/A

Traditional ROI: 4.62%

2476 N Old 56

Salem, IN

4 beds | 2 baths | 1,340 sq.ft.

$225,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.33%

Airbnb Rental Income: $null

Traditional Rental Income: $1560

Airbnb ROI: N/A

Traditional ROI: 5.33%

208 Highland Drive

Salem, IN

3 beds | 1 baths | 1,225 sq.ft.

$249,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.16%

Airbnb Rental Income: $null

Traditional Rental Income: $1444

Airbnb ROI: N/A

Traditional ROI: 4.16%

4313 E Canton Road

Salem, IN

3 beds | 1 baths | 4,026 sq.ft.

$169,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.25%

Airbnb Rental Income: $null

Traditional Rental Income: $1406

Airbnb ROI: N/A

Traditional ROI: 6.25%

409 N Water Street

Salem, IN

3 beds | 2 baths | 1,520 sq.ft.

$160,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.97%

Airbnb Rental Income: $null

Traditional Rental Income: $1921

Airbnb ROI: N/A

Traditional ROI: 9.97%

301 E Market Street

Salem, IN

2 beds | 2 baths | 1,640 sq.ft.

$267,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.63%

Airbnb Rental Income: $null

Traditional Rental Income: $1847

Airbnb ROI: N/A

Traditional ROI: 4.63%

218 Washington Boulevard

Salem, IN

2 beds | 1 baths | 1,155 sq.ft.

$149,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.19%

Airbnb Rental Income: $null

Traditional Rental Income: $1321

Airbnb ROI: N/A

Traditional ROI: 7.19%

9781 E New Philadelphia Road

Salem, IN

1 beds | 1 baths | 1,200 sq.ft.

$214,900

Airbnb cash on cash: -1.1%

Traditional cash on cash: 6.17%

Airbnb Rental Income: $471

Traditional Rental Income: $1685

Airbnb ROI: -1.1%