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
802 Old State 60 Road Salem, IN Looking for a newly remodeled large one story home in town with a quick move in?! Find you...	3 beds \| 2 baths \| 1,792 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.11% Airbnb Rental Income: $null Traditional Rental Income: $2015 Airbnb ROI: N/A Traditional ROI: 5.11%
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.	$1,750,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.8% Airbnb Rental Income: $null Traditional Rental Income: $5771 Airbnb ROI: N/A Traditional ROI: 1.8%
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.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.31% Airbnb Rental Income: $null Traditional Rental Income: $2017 Airbnb ROI: N/A Traditional ROI: 7.31%
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.	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.19% Airbnb Rental Income: $null Traditional Rental Income: $2148 Airbnb ROI: N/A Traditional ROI: 8.19%
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%
612 Michael Street Salem, IN DON'T MISS OUT! 3 Bed 2 Bath with 2 car garage!! 2 Living room areas!! Nestled in beautifu...	3 beds \| 2 baths \| 1,415 sq.ft.	$198,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.85% Airbnb Rental Income: $null Traditional Rental Income: $1671 Airbnb ROI: N/A Traditional ROI: 6.85%
6961 S Blue River Church Road Salem, IN $0 down USDA eligible home . Enjoy peace and tranquility sitting on the wrap around deck...	3 beds \| 3 baths \| 3,040 sq.ft.	$299,899	Airbnb cash on cash: N/A Traditional cash on cash: 6.92% Airbnb Rental Income: $null Traditional Rental Income: $2452 Airbnb ROI: N/A Traditional ROI: 6.92%
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%
802 E Old 60 Salem, IN BRAND NEW PRIVACY FENCE JUST INSTALLED!!!! Looking for a newly remodeled large one story h...	3 beds \| 2 baths \| 1,792 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.86% Airbnb Rental Income: $null Traditional Rental Income: $1951 Airbnb ROI: N/A Traditional ROI: 4.86%
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%
409 N Water Street Salem, IN ONCE IN A LIFETIME OPPORTUNITY TO OWN AN INDIANA LANDMARKS PROPERTY...with a history docum...	3 beds \| 2 baths \| 1,520 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.64% Airbnb Rental Income: $null Traditional Rental Income: $1921 Airbnb ROI: N/A Traditional ROI: 9.64%
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%
6509 S Organ Springs Road Salem, IN Secluded country living at its best! Charming home has been totally remodeled with 3 BR, 2...	3 beds \| 2 baths \| 1,568 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.09% Airbnb Rental Income: $null Traditional Rental Income: $1631 Airbnb ROI: N/A Traditional ROI: 5.09%
10440 E Saylor Road Salem, IN Welcome to your storybook escape! This charming 5-bedroom, 2-bath home blends timeless cou...	5 beds \| 2 baths \| 2,500 sq.ft.	$474,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.57% Airbnb Rental Income: $null Traditional Rental Income: $2332 Airbnb ROI: N/A Traditional ROI: 3.57%
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.	$304,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.74% Airbnb Rental Income: $null Traditional Rental Income: $2195 Airbnb ROI: N/A Traditional ROI: 5.74%
121 Bruce Street Salem, IN This property is eligible under the Freddie Mac First Look Initiative through 9/8/2025 (30...	3 beds \| 1 baths \| 1,599 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.61% Airbnb Rental Income: $null Traditional Rental Income: $1477 Airbnb ROI: N/A Traditional ROI: 6.61%
3370 E State Road 160 Salem, IN Discover the inviting home awaiting you at 3370 E State Road 160, SALEM, IN. This ready to...	3 beds \| 3 baths \| 2,520 sq.ft.	$267,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.38% Airbnb Rental Income: $null Traditional Rental Income: $2415 Airbnb ROI: N/A Traditional ROI: 7.38%

Real Estate investment in Salem, IN

There are 28 properties for sale in the city of Salem . The median list price in Salem is $229,950 and the average price per square foot is $70. In September 2025, the average monthly cash on cash return in Salem is 6.00%. The average monthly rental income in Salem is $1,921.

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

There are 28 investment properties available for sale in Salem.

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

The ROI for Short-Term is higher than the Long-Term in Salem with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Salem, IN

802 Old State 60 Road

Salem, IN

3 beds | 2 baths | 1,792 sq.ft.

$275,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.11%

Airbnb Rental Income: $null

Traditional Rental Income: $2015

Airbnb ROI: N/A

Traditional ROI: 5.11%

100 Walnut Tree Drive

Salem, IN

32 beds | 23 baths | 41,734 sq.ft.

$1,750,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.8%

Airbnb Rental Income: $null

Traditional Rental Income: $5771

Airbnb ROI: N/A

Traditional ROI: 1.8%

406 W Mulberry Street

Salem, IN

3 beds | 2 baths | 1,796 sq.ft.

$235,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.31%

Airbnb Rental Income: $null

Traditional Rental Income: $2017

Airbnb ROI: N/A

Traditional ROI: 7.31%

4592 E State Road 160

Salem, IN

4 beds | 3 baths | 1,792 sq.ft.

$224,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.19%

Airbnb Rental Income: $null

Traditional Rental Income: $2148

Airbnb ROI: N/A

Traditional ROI: 8.19%

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%

612 Michael Street

Salem, IN

3 beds | 2 baths | 1,415 sq.ft.

$198,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.85%

Airbnb Rental Income: $null

Traditional Rental Income: $1671

Airbnb ROI: N/A

Traditional ROI: 6.85%

6961 S Blue River Church Road

Salem, IN

3 beds | 3 baths | 3,040 sq.ft.

$299,899

Airbnb cash on cash: N/A

Traditional cash on cash: 6.92%

Airbnb Rental Income: $null

Traditional Rental Income: $2452

Airbnb ROI: N/A

Traditional ROI: 6.92%

301 E Market Street

Salem, IN

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