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.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.45% Airbnb Rental Income: $null Traditional Rental Income: $1234 Airbnb ROI: N/A Traditional ROI: 5.45%
506 Pilgrim Way Salem, IN Reduced! Discover a remarkable living opportunity at 506 Pilgrim WAY, SALEM, IN. This sing...	3 beds \| 2 baths \| 1,404 sq.ft.	$144,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.78% Airbnb Rental Income: $null Traditional Rental Income: $1679 Airbnb ROI: N/A Traditional ROI: 8.78%
1908 N New Hope Road Salem, IN THIS IS THE ONE YOU'VE BEEN LOOKING FOR! JUST LIKE NEW!!!! COMPLETELY REMODELED!!! This ho...	5 beds \| 3 baths \| 3,920 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.35% Airbnb Rental Income: $null Traditional Rental Income: $2848 Airbnb ROI: N/A Traditional ROI: 4.35%
4461 N Cox Ferry Road Salem, IN Positioned on 3.43 ACRES in Washington County, this 3 bedroom, 3-bath home delivers a stro...	3 beds \| 3 baths \| 2,400 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.28% Airbnb Rental Income: $null Traditional Rental Income: $2415 Airbnb ROI: N/A Traditional ROI: 5.28%
104 N Brandywine Court Salem, IN All brick, one-level living on a quiet cul-de-sac in Salem. This three-bedroom home had ne...	3 beds \| 1 baths \| 1,188 sq.ft.	$191,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.04% Airbnb Rental Income: $null Traditional Rental Income: $858 Airbnb ROI: N/A Traditional ROI: 3.04%
303 W Market Street Salem, IN Where classic charm meets modern living! This beautifully remodeled 4-bedroom, 3-bath home...	4 beds \| 3 baths \| 2,882 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 10% Airbnb Rental Income: $null Traditional Rental Income: $2666 Airbnb ROI: N/A Traditional ROI: 10%
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.	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.8% Airbnb Rental Income: $null Traditional Rental Income: $2715 Airbnb ROI: N/A Traditional ROI: 4.8%
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 including NEW CARPET & NEW LUXURY VINYL PLANK flooring...	4 beds \| 2 baths \| 1,976 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.68% Airbnb Rental Income: $null Traditional Rental Income: $2200 Airbnb ROI: N/A Traditional ROI: 6.68%
205 E Arthur Street Salem, IN Adorable MOVE IN READY Bungalow with a 16 x 24 detached BLOCK GARAGE with electric and con...	1 beds \| 1 baths \| 720 sq.ft.	$144,900	Airbnb cash on cash: -0.68% Traditional cash on cash: 3.28% Airbnb Rental Income: $595 Traditional Rental Income: $856 Airbnb ROI: -0.68% Traditional ROI: 3.28%
1499 E Rudder Road Salem, IN Welcome Home to this Charming farmhouse-style home situated on a spacious lot with a large...	3 beds \| 3 baths \| 2,728 sq.ft.	$414,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.45% Airbnb Rental Income: $null Traditional Rental Income: $2437 Airbnb ROI: N/A Traditional ROI: 4.45%
604 W Bristol Street Salem, IN Come check out this "cute" 2 bed/1 bath home with a large backyard! This home offers a cov...	2 beds \| 1 baths \| 700 sq.ft.	$99,900	Airbnb cash on cash: 6.44% Traditional cash on cash: 7.96% Airbnb Rental Income: $1246 Traditional Rental Income: $997 Airbnb ROI: 6.44% Traditional ROI: 7.96%
747 E Lewellen Road Salem, IN This is the COUNTRY LIVING home you have been waiting for!! This super nice ALL BRICK home...	3 beds \| 2 baths \| 2,514 sq.ft.	$384,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.4% Airbnb Rental Income: $null Traditional Rental Income: $2213 Airbnb ROI: N/A Traditional ROI: 4.4%
119 Standish Street Salem, IN Are you looking for your own private retreat? Totally fenced inâ¦. You will fall in love ...	3 beds \| 1 baths \| 865 sq.ft.	$252,000	Airbnb cash on cash: N/A Traditional cash on cash: 4% Airbnb Rental Income: $null Traditional Rental Income: $1391 Airbnb ROI: N/A Traditional ROI: 4%
500 E Homer Street Salem, IN Welcome home to this beautifully updated Salem gem! From the brand-new kitchen cabinets to...	2 beds \| 1 baths \| 1,008 sq.ft.	$182,000	Airbnb cash on cash: 2.38% Traditional cash on cash: 4.32% Airbnb Rental Income: $1246 Traditional Rental Income: $1186 Airbnb ROI: 2.38% Traditional ROI: 4.32%
806 W Mulberry Street Salem, IN Investor & flipper alert! This 2 bed/1 bath would make a great investment property or star...	2 beds \| 1 baths \| 968 sq.ft.	$150,000	Airbnb cash on cash: 4.24% Traditional cash on cash: 6.31% Airbnb Rental Income: $1246 Traditional Rental Income: $1147 Airbnb ROI: 4.24% Traditional ROI: 6.31%
306 W Poplar Street Salem, IN Priced right to move quickly! Needing some TLC - This 2 bed/1 bath home in Salem has a 23x...	2 beds \| 1 baths \| 992 sq.ft.	$99,000	Airbnb cash on cash: 4.52% Traditional cash on cash: 7.52% Airbnb Rental Income: $1246 Traditional Rental Income: $1139 Airbnb ROI: 4.52% Traditional ROI: 7.52%
530 E Colony Drive Salem, IN Check out this 4 bedroom 1 full bath home with Carport in Salem, Indiana. NEW ROOF in 2025...	4 beds \| 1 baths \| 1,404 sq.ft.	$139,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.76% Airbnb Rental Income: $null Traditional Rental Income: $1502 Airbnb ROI: N/A Traditional ROI: 8.76%
233 S Dog Trot Road Salem, IN Welcome to peaceful, secluded, country living with this custom built brick home in 1999, n...	3 beds \| 4 baths \| 3,716 sq.ft.	$569,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.42% Airbnb Rental Income: $null Traditional Rental Income: $2794 Airbnb ROI: N/A Traditional ROI: 3.42%
202 Willow Salem, IN Welcome home to this charming 3 bedroom, 1 bath offering 1,040 square feet of comfortable ...	3 beds \| 1 baths \| 1,040 sq.ft.	$175,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.69% Airbnb Rental Income: $null Traditional Rental Income: $1263 Airbnb ROI: N/A Traditional ROI: 5.69%
11072 E State Road 160 Salem, IN Check out this almost 2 acre property conveniently located just minutes from interstate 65...	3 beds \| 1 baths \| 1,320 sq.ft.	$77,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.82% Airbnb Rental Income: $null Traditional Rental Income: $1017 Airbnb ROI: N/A Traditional ROI: 10.82%
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.	$249,900	Airbnb cash on cash: 0.78% Traditional cash on cash: 5% Airbnb Rental Income: $1246 Traditional Rental Income: $1847 Airbnb ROI: 0.78% Traditional ROI: 5%
2620 W Cody Road Salem, IN Welcome to country living at its finest! Once you cross the covered bridge, awaiting you i...	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%
1208 W Market Street Salem, IN If you've been looking for space, storage, and a little breathing room, this one checks th...	3 beds \| 1 baths \| 1,300 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.38% Airbnb Rental Income: $null Traditional Rental Income: $1390 Airbnb ROI: N/A Traditional ROI: 5.38%
2263 S Boston Pekin Road Salem, IN Set on 1.86 acres, this newly constructed ranch-style home offers an exceptional blend of ...	3 beds \| 2 baths \| 1,347 sq.ft.	$265,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.13% Airbnb Rental Income: $null Traditional Rental Income: $1683 Airbnb ROI: N/A Traditional ROI: 4.13%
4391 S Tanglewood Lane Salem, IN 7.43 ACRES! SPACIOUS AT 2432 SQUARE FEET! Discover the perfect blend of space, comfort, an...	4 beds \| 3 baths \| 2,432 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.43% Airbnb Rental Income: $null Traditional Rental Income: $2457 Airbnb ROI: N/A Traditional ROI: 5.43%
550 W Water Tower Road Salem, IN Adorable all brick doll house that you have been waiting for!! This home has a full finish...	3 beds \| 1 baths \| 2,080 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.74% Airbnb Rental Income: $null Traditional Rental Income: $1495 Airbnb ROI: N/A Traditional ROI: 4.74%
2361 S Boston Pekin Road Salem, IN Sit on the georgeous covered front porch and look at the view in this 4 Br. 3 Ba. unique h...	4 beds \| 3 baths \| 2,504 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.47% Airbnb Rental Income: $null Traditional Rental Income: $2322 Airbnb ROI: N/A Traditional ROI: 5.47%
4628 S Cauble Road Salem, IN WHOA STOP THE TRUCK!!! Looking for a home to make your own check this 8.05 ac out! This lo...	2 beds \| 2 baths \| 1,056 sq.ft.	$269,900	Airbnb cash on cash: 1.49% Traditional cash on cash: 3.56% Airbnb Rental Income: $1246 Traditional Rental Income: $1375 Airbnb ROI: 1.49% Traditional ROI: 3.56%
9161 E State Road 160 Salem, IN Private country retreat with 14 picturesque acres surrounded by mature trees, beautiful po...	3 beds \| 2 baths \| 2,324 sq.ft.	$434,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.59% Airbnb Rental Income: $null Traditional Rental Income: $2106 Airbnb ROI: N/A Traditional ROI: 3.59%

Real Estate investment in Salem, IN

There are 30 properties for sale in the city of Salem . The median list price in Salem is $199,880 and the average price per square foot is $100. In July 2026, the average monthly cash on cash return in Salem is 5.00%. The average monthly rental income in Salem is $1,681.

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

There are 30 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 $1,681.

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.

$165,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.45%

Airbnb Rental Income: $null

Traditional Rental Income: $1234

Airbnb ROI: N/A

Traditional ROI: 5.45%

506 Pilgrim Way

Salem, IN

3 beds | 2 baths | 1,404 sq.ft.

$144,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.78%

Airbnb Rental Income: $null

Traditional Rental Income: $1679

Airbnb ROI: N/A

Traditional ROI: 8.78%

1908 N New Hope Road

Salem, IN

5 beds | 3 baths | 3,920 sq.ft.

$499,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.35%

Airbnb Rental Income: $null

Traditional Rental Income: $2848

Airbnb ROI: N/A

Traditional ROI: 4.35%

4461 N Cox Ferry Road

Salem, IN

3 beds | 3 baths | 2,400 sq.ft.

$385,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.28%

Airbnb Rental Income: $null

Traditional Rental Income: $2415

Airbnb ROI: N/A

Traditional ROI: 5.28%

104 N Brandywine Court

Salem, IN

3 beds | 1 baths | 1,188 sq.ft.

$191,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.04%

Airbnb Rental Income: $null

Traditional Rental Income: $858

Airbnb ROI: N/A

Traditional ROI: 3.04%

303 W Market Street

Salem, IN

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

$219,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10%

Airbnb Rental Income: $null

Traditional Rental Income: $2666

Airbnb ROI: N/A

Traditional ROI: 10%

4946 W Arrow Road

Salem, IN

5 beds | 3 baths | 4,960 sq.ft.

$450,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.8%

Airbnb Rental Income: $null

Traditional Rental Income: $2715

Airbnb ROI: N/A

Traditional ROI: 4.8%

1706 E Lewellen Road

Salem, IN

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