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
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.	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.56% Airbnb Rental Income: $null Traditional Rental Income: $1759 Airbnb ROI: N/A Traditional ROI: 6.56%
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 s...	4 beds \| 2 baths \| 1,860 sq.ft.	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.58% Airbnb Rental Income: $null Traditional Rental Income: $1762 Airbnb ROI: N/A Traditional ROI: 6.58%
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.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.78% Airbnb Rental Income: $null Traditional Rental Income: $1396 Airbnb ROI: N/A Traditional ROI: 3.78%
1562 E Martinsburg Road Salem, IN YOU DON"T WANT TO MISS THIS ONE!!! ONLY 2 MINUTES to HWY 60! This is a must see! Could be...	4 beds \| 3 baths \| 5,814 sq.ft.	$799,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.97% Airbnb Rental Income: $null Traditional Rental Income: $2794 Airbnb ROI: N/A Traditional ROI: 1.97%
4313 E Canton Road Salem, IN Multiple Opportunities with this unique property! LIVE WHERE YOU WORK!! BUSINESS LOCATION ...	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%
303 W Market Street Salem, IN Beautifully remodeled 1920s 1.5-story charmer with timeless elegance and modern luxury! Bo...	3 beds \| 3 baths \| 2,882 sq.ft.	$249,999	Airbnb cash on cash: N/A Traditional cash on cash: 9.03% Airbnb Rental Income: $null Traditional Rental Income: $2666 Airbnb ROI: N/A Traditional ROI: 9.03%
505 Riverview Drive Salem, IN This beautifully remodeled 3-bedroom, 3-bath home in Salem is filled with natural light an...	3 beds \| 3 baths \| 2,049 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.85% Airbnb Rental Income: $null Traditional Rental Income: $2195 Airbnb ROI: N/A Traditional ROI: 5.85%
100 Walnut Tree Drive Salem, IN Looking for the opportunity to have rental income? This is your chance with 8 buildings, 2...	32 beds \| 23 baths \| 41,734 sq.ft.	$1,500,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.26% Airbnb Rental Income: $null Traditional Rental Income: $5771 Airbnb ROI: N/A Traditional ROI: 2.26%
406 W Mulberry Street Salem, IN Charming, Character-Filled Home in the Heart of Salem! Looking for a home that actually ...	3 beds \| 2 baths \| 1,796 sq.ft.	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.86% Airbnb Rental Income: $null Traditional Rental Income: $2017 Airbnb ROI: N/A Traditional ROI: 7.86%
4592 E State Road 160 Salem, IN Great LOCATION near town, with a quiet rural setting. This 4 bedroom, 3 full bath doublewi...	4 beds \| 3 baths \| 1,792 sq.ft.	$209,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.83% Airbnb Rental Income: $null Traditional Rental Income: $2148 Airbnb ROI: N/A Traditional ROI: 8.83%
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.	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.47% Airbnb Rental Income: $null Traditional Rental Income: $1847 Airbnb ROI: N/A Traditional ROI: 4.47%
1815 N Naugle Road Salem, IN Welcome to this 3 Bed & 1 Bath home with an attached garage and 2+ car detached garage sit...	3 beds \| 1 baths \| 1,144 sq.ft.	$182,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.04% Airbnb Rental Income: $null Traditional Rental Income: $1373 Airbnb ROI: N/A Traditional ROI: 6.04%
2535 E Nathans Run Salem, IN Welcome to this beautifully maintained 4-bedroom, 3 full bath home set on a private 1.27-a...	4 beds \| 3 baths \| 2,888 sq.ft.	$439,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.7% Airbnb Rental Income: $null Traditional Rental Income: $2643 Airbnb ROI: N/A Traditional ROI: 4.7%
132 S Garrison Hollow Road Salem, IN SECLUDED PARADISE...8.5 acres mostly wooded property provides a quiet secluded oasis for t...	2 beds \| 1 baths \| 1,356 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.93% Airbnb Rental Income: $null Traditional Rental Income: $1422 Airbnb ROI: N/A Traditional ROI: 3.93%
102 Mahuron Drive Salem, IN NEED MORE SPACE...This home has plenty, with large rooms and additional living and office ...	4 beds \| 2 baths \| 2,334 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.01% Airbnb Rental Income: $null Traditional Rental Income: $2261 Airbnb ROI: N/A Traditional ROI: 9.01%
812 Hayes Avenue Salem, IN 2 bedroom 1 bath bungalow near the heart of Salem. This home features a cute Kitchen with ...	2 beds \| 1 baths \| 1,058 sq.ft.	$149,999	Airbnb cash on cash: N/A Traditional cash on cash: 6.67% Airbnb Rental Income: $null Traditional Rental Income: $1261 Airbnb ROI: N/A Traditional ROI: 6.67%
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.	$154,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.93% Airbnb Rental Income: $null Traditional Rental Income: $1321 Airbnb ROI: N/A Traditional ROI: 6.93%
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.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.48% Airbnb Rental Income: $null Traditional Rental Income: $2002 Airbnb ROI: N/A Traditional ROI: 5.48%

Real Estate investment in Salem, IN

There are 26 properties for sale in the city of Salem . The median list price in Salem is $222,450 and the average price per square foot is $65. In October 2025, the average monthly cash on cash return in Salem is 6.00%. The average monthly rental income in Salem is $1,847.

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

There are 26 investment properties available for sale in Salem.

In 2025, 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 $1,847.

Your search for investment property begins and ends here

Investment Property for Sale in Salem, IN

3634 W State Road 60 Road

Salem, IN

4 beds | 2 baths | 1,860 sq.ft.

$224,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.56%

Airbnb Rental Income: $null

Traditional Rental Income: $1759

Airbnb ROI: N/A

Traditional ROI: 6.56%

3634 W State Road 60

Salem, IN

4 beds | 2 baths | 1,860 sq.ft.

$224,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.58%

Airbnb Rental Income: $null

Traditional Rental Income: $1762

Airbnb ROI: N/A

Traditional ROI: 6.58%

7783 S Organ Springs Road

Salem, IN

4 beds | 2 baths | 1,680 sq.ft.

$279,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.78%

Airbnb Rental Income: $null

Traditional Rental Income: $1396

Airbnb ROI: N/A

Traditional ROI: 3.78%

1562 E Martinsburg Road

Salem, IN

4 beds | 3 baths | 5,814 sq.ft.

$799,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.97%

Airbnb Rental Income: $null

Traditional Rental Income: $2794

Airbnb ROI: N/A

Traditional ROI: 1.97%

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%

303 W Market Street

Salem, IN

3 beds | 3 baths | 2,882 sq.ft.

$249,999

Airbnb cash on cash: N/A

Traditional cash on cash: 9.03%

Airbnb Rental Income: $null

Traditional Rental Income: $2666

Airbnb ROI: N/A

Traditional ROI: 9.03%

505 Riverview Drive

Salem, IN

3 beds | 3 baths | 2,049 sq.ft.

$299,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.85%

Airbnb Rental Income: $null

Traditional Rental Income: $2195

Airbnb ROI: N/A