Real Estate Investment Properties for Sale in Spencerville, IN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
15451 N State Road 1 Spencerville, IN Welcome to this rare opportunity in Leo Schools. This Family Home is on 1.14 acres just ...	4 beds \| 4 baths \| 2,976 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.48% Airbnb Rental Income: $null Traditional Rental Income: $3574 Airbnb ROI: N/A Traditional ROI: 7.48%
16529 N State Road 1 Spencerville, IN OPEN HOUSE FRIDAY 10/17 FROM 5-7PM! This beautifully crafted custom home by Bob Buescher s...	4 beds \| 4 baths \| 4,305 sq.ft.	$810,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.83% Airbnb Rental Income: $null Traditional Rental Income: $3648 Airbnb ROI: N/A Traditional ROI: 2.83%
17921 Lochner Road Spencerville, IN Enjoy country living with modern amenities on nearly 3 acres. This 4 bedroom , 3.5 bath ho...	4 beds \| 4 baths \| 4,083 sq.ft.	$999,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.43% Airbnb Rental Income: $null Traditional Rental Income: $3911 Airbnb ROI: N/A Traditional ROI: 2.43%
Investment Properties for Sale in Other Cities of Indiana
10655 Eric Court Fishers , IN Check this one out! Perfectly located on a private cul-de-sac, in a very desirable neighbo...	3 beds \| 3 baths \| 1,957 sq.ft.	$359,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 4.98% Airbnb Rental Income: $1452 Traditional Rental Income: $2299 Airbnb ROI: 1.19% Traditional ROI: 4.98%
824 E Minnesota Street Indianapolis , IN This home screams modern charm! Welcome to this updated 4 bedroom, 2 bath home in Bates-He...	4 beds \| 2 baths \| 2,122 sq.ft.	$370,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 5.01% Airbnb Rental Income: $954 Traditional Rental Income: $2267 Airbnb ROI: 0.22% Traditional ROI: 5.01%
15675 Wescott Drive Noblesville , IN Say goodbye to all the weekend yard chores. This Olthof home merges the convenience of con...	2 beds \| 2 baths \| 1,718 sq.ft.	$369,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 3.61% Airbnb Rental Income: $1345 Traditional Rental Income: $2230 Airbnb ROI: -0.14% Traditional ROI: 3.61%
201 Walnut Street Advance , IN Welcome home to this charming 2 bedroom, 2 bath property sitting on almost half an acre (....	2 beds \| 2 baths \| 1,056 sq.ft.	$184,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.58% Airbnb Rental Income: $null Traditional Rental Income: $1851 Airbnb ROI: N/A Traditional ROI: 8.58%
8660 Fawn Way McCordsville , IN Better than new! This beautifully updated home near Geist Reservoir features upgraded floo...	3 beds \| 3 baths \| 2,263 sq.ft.	$379,900	Airbnb cash on cash: -0.05% Traditional cash on cash: 4.12% Airbnb Rental Income: $1186 Traditional Rental Income: $2283 Airbnb ROI: -0.05% Traditional ROI: 4.12%
1066 Reserve Way Indianapolis , IN Spacious 2 bedroom condo with vaulted ceilings located right in the heart of Broad Ripple....	2 beds \| 2 baths \| 2,000 sq.ft.	$340,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 4.11% Airbnb Rental Income: $1354 Traditional Rental Income: $2289 Airbnb ROI: -0.12% Traditional ROI: 4.11%
2028 Burch Drive Indianapolis , IN Charming Cape Cod Style home, just one block from Broad Ripple Park's tennis courts, trail...	4 beds \| 2 baths \| 2,289 sq.ft.	$310,000	Airbnb cash on cash: 2.42% Traditional cash on cash: 6.26% Airbnb Rental Income: $1778 Traditional Rental Income: $2413 Airbnb ROI: 2.42% Traditional ROI: 6.26%
422 W 41st Street Indianapolis , IN This newly renovated single-family residence near Butler University presents a compelling ...	3 beds \| 2 baths \| 1,328 sq.ft.	$265,000	Airbnb cash on cash: 2.22% Traditional cash on cash: 5.02% Airbnb Rental Income: $1396 Traditional Rental Income: $1674 Airbnb ROI: 2.22% Traditional ROI: 5.02%
206 N Beville Avenue Indianapolis , IN Be the first to live in this fully renovated 5-bedroom, 3-bath home just minutes from the ...	5 beds \| 3 baths \| 2,850 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.84% Airbnb Rental Income: $null Traditional Rental Income: $2814 Airbnb ROI: N/A Traditional ROI: 8.84%
17 N Randolph Street Indianapolis , IN Step into this beautifully maintained classic Four Square home offering timeless charm wit...	3 beds \| 2 baths \| 1,822 sq.ft.	$249,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 6.44% Airbnb Rental Income: $815 Traditional Rental Income: $2041 Airbnb ROI: -0.15% Traditional ROI: 6.44%
2016 N Glenridge Drive Indianapolis , IN Charming "Updated" Bungalow will have you at Hello! This spacious 4-bedroom home offers un...	4 beds \| 1 baths \| 1,492 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.31% Airbnb Rental Income: $null Traditional Rental Income: $1205 Airbnb ROI: N/A Traditional ROI: 4.31%
1526 N Sherman Drive Indianapolis , IN Newly updated 1-bedroom, 1-bath home located right across from Brookside Park! Enjoy conve...	1 beds \| 1 baths \| 576 sq.ft.	$70,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 9.37% Airbnb Rental Income: $548 Traditional Rental Income: $872 Airbnb ROI: 0.67% Traditional ROI: 9.37%
6650 Page Boulevard #402 Indianapolis , IN Welcome home to this incredible corner-unit penthouse offering panoramic views and abundan...	3 beds \| 3 baths \| 2,738 sq.ft.	$550,000	Airbnb cash on cash: -1.62% Traditional cash on cash: 1.68% Airbnb Rental Income: $1541 Traditional Rental Income: $2794 Airbnb ROI: -1.62% Traditional ROI: 1.68%
1444 E Elbert Street Indianapolis , IN This 2-bedroom, 1-bath bungalow offers the rare combination of a private, secluded lot wit...	2 beds \| 1 baths \| 912 sq.ft.	$180,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 3.84% Airbnb Rental Income: $1190 Traditional Rental Income: $1193 Airbnb ROI: 1.56% Traditional ROI: 3.84%

Real Estate investment in Spencerville, IN

There are 3 properties for sale in the city of Spencerville . The median list price in Spencerville is $810,000 and the average price per square foot is $214. In December 2025, the average monthly cash on cash return in Spencerville is 3.00%. The average monthly rental income in Spencerville is $3,648.

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

There are 3 investment properties available for sale in Spencerville.

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

Your search for investment property begins and ends here

Investment Property for Sale in Spencerville, IN

15451 N State Road 1

Spencerville, IN

4 beds | 4 baths | 2,976 sq.ft.

$399,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.48%

Airbnb Rental Income: $null

Traditional Rental Income: $3574

Airbnb ROI: N/A

Traditional ROI: 7.48%

16529 N State Road 1

Spencerville, IN

4 beds | 4 baths | 4,305 sq.ft.

$810,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.83%

Airbnb Rental Income: $null

Traditional Rental Income: $3648

Airbnb ROI: N/A

Traditional ROI: 2.83%

17921 Lochner Road

Spencerville, IN

4 beds | 4 baths | 4,083 sq.ft.

$999,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.43%

Airbnb Rental Income: $null

Traditional Rental Income: $3911

Airbnb ROI: N/A

Traditional ROI: 2.43%

Investment Properties for Sale in Other Cities of Indiana

Fishers , IN

3 beds | 3 baths | 1,957 sq.ft.

$359,000

Airbnb cash on cash: 1.19%

Traditional cash on cash: 4.98%

Airbnb Rental Income: $1452

Traditional Rental Income: $2299

Airbnb ROI: 1.19%

Traditional ROI: 4.98%

Indianapolis , IN

4 beds | 2 baths | 2,122 sq.ft.

$370,000

Airbnb cash on cash: 0.22%

Traditional cash on cash: 5.01%

Airbnb Rental Income: $954

Traditional Rental Income: $2267

Airbnb ROI: 0.22%

Traditional ROI: 5.01%

Noblesville , IN

2 beds | 2 baths | 1,718 sq.ft.

$369,000

Airbnb cash on cash: -0.14%

Traditional cash on cash: 3.61%

Airbnb Rental Income: $1345

Traditional Rental Income: $2230

Airbnb ROI: -0.14%

Traditional ROI: 3.61%

Advance , IN

2 beds | 2 baths | 1,056 sq.ft.

$184,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.58%

Airbnb Rental Income: $null

Traditional Rental Income: $1851

Airbnb ROI: N/A

Traditional ROI: 8.58%

McCordsville , IN

3 beds | 3 baths | 2,263 sq.ft.

$379,900

Airbnb cash on cash: -0.05%

Traditional cash on cash: 4.12%

Airbnb Rental Income: $1186

Traditional Rental Income: $2283

Airbnb ROI: -0.05%

Traditional ROI: 4.12%

Indianapolis , IN

2 beds | 2 baths | 2,000 sq.ft.

$340,000