Real Estate Investment Properties for Sale in Sullivan, IN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
328 N West Street Sullivan, IN This inviting 2-bedroom, 1.5-bath home offers 1,311 square feet of comfortable living spac...	2 beds \| 2 baths \| 1,311 sq.ft.	$148,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.77% Airbnb Rental Income: $null Traditional Rental Income: $2022 Airbnb ROI: N/A Traditional ROI: 11.77%
443 S State Street Sullivan, IN This 2-bedroom, 1-bath home has been completely refreshed from top to bottom and is truly ...	2 beds \| 1 baths \| 979 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.6% Airbnb Rental Income: $null Traditional Rental Income: $935 Airbnb ROI: N/A Traditional ROI: 4.6%
513 W Washington Street Sullivan, IN Remodeled in 2023 and move-in ready with bonus space and storage. This 3 bedroom, 2 bath h...	3 beds \| 2 baths \| 1,924 sq.ft.	$219,000	Airbnb cash on cash: 2.65% Traditional cash on cash: 6.46% Airbnb Rental Income: $1335 Traditional Rental Income: $1713 Airbnb ROI: 2.65% Traditional ROI: 6.46%
4158 W State Road 154 Sullivan, IN You want a home that gives you room to breathe, space to grow, and options for the future....	3 beds \| 2 baths \| 1,836 sq.ft.	$389,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 3.19% Airbnb Rental Income: $1335 Traditional Rental Income: $1929 Airbnb ROI: 0.43% Traditional ROI: 3.19%
2041 N Joy Drive Sullivan, IN This brand new, beautiful, Amish built home is nestled perfectly into the new addition at ...	3 beds \| 2 baths \| 1,936 sq.ft.	$359,900	Airbnb cash on cash: 0.61% Traditional cash on cash: 5.41% Airbnb Rental Income: $1335 Traditional Rental Income: $2544 Airbnb ROI: 0.61% Traditional ROI: 5.41%
682 E PR RD 265 N Sullivan, IN This private retreat is nestled on 2.99 beautifully wooded acres, near Sullivan Lake. It h...	3 beds \| 3 baths \| 2,376 sq.ft.	$359,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 7.24% Airbnb Rental Income: $1335 Traditional Rental Income: $3143 Airbnb ROI: 0.66% Traditional ROI: 7.24%
2029 N Joy Drive Sullivan, IN This brand new, beautiful, Amish built home is nestled perfectly into the new addition at ...	3 beds \| 2 baths \| 1,655 sq.ft.	$359,900	Airbnb cash on cash: 0.61% Traditional cash on cash: 4.93% Airbnb Rental Income: $1335 Traditional Rental Income: $2381 Airbnb ROI: 0.61% Traditional ROI: 4.93%
953 Danny Drive Sullivan, IN This brand new, beautiful, Amish built home is nestled perfectly into the new addition at ...	3 beds \| 2 baths \| 1,809 sq.ft.	$359,900	Airbnb cash on cash: 0.61% Traditional cash on cash: 5.13% Airbnb Rental Income: $1335 Traditional Rental Income: $2450 Airbnb ROI: 0.61% Traditional ROI: 5.13%
424 W Frakes Street Sullivan, IN Welcome home to this inviting 3 bedroom all brick ranch that blends modern updates with a ...	3 beds \| 2 baths \| 1,050 sq.ft.	$165,000	Airbnb cash on cash: 3.92% Traditional cash on cash: 9.95% Airbnb Rental Income: $1335 Traditional Rental Income: $1873 Airbnb ROI: 3.92% Traditional ROI: 9.95%
403 W Wolfe Street Sullivan, IN The home everyone will want to gather in. This 3-bedroom, 3-bath, 2,926 sq ft home sits on...	3 beds \| 3 baths \| 3,187 sq.ft.	$360,000	Airbnb cash on cash: 1.37% Traditional cash on cash: 7.39% Airbnb Rental Income: $1335 Traditional Rental Income: $2958 Airbnb ROI: 1.37% Traditional ROI: 7.39%
312 E Washington Street Sullivan, IN Welcome to Sullivanâs newest neighborhood â a thoughtfully designed community of 9 bra...	3 beds \| 2 baths \| 1,161 sq.ft.	$229,900	Airbnb cash on cash: 2.72% Traditional cash on cash: 7.96% Airbnb Rental Income: $1335 Traditional Rental Income: $2063 Airbnb ROI: 2.72% Traditional ROI: 7.96%
318 E Washington Street Sullivan, IN Welcome to Sullivanâs newest neighborhood â a thoughtfully designed community of 9 bra...	4 beds \| 3 baths \| 1,505 sq.ft.	$297,990	Airbnb cash on cash: N/A Traditional cash on cash: 7.49% Airbnb Rental Income: $null Traditional Rental Income: $2556 Airbnb ROI: N/A Traditional ROI: 7.49%
316 E Washington Street Sullivan, IN Welcome to Sullivanâs newest neighborhood â a thoughtfully designed community of 9 bra...	3 beds \| 2 baths \| 1,176 sq.ft.	$232,899	Airbnb cash on cash: 1.35% Traditional cash on cash: 6.6% Airbnb Rental Income: $1335 Traditional Rental Income: $2080 Airbnb ROI: 1.35% Traditional ROI: 6.6%
314 E Washington Street Sullivan, IN Welcome to Sullivanâs newest neighborhood â a thoughtfully designed community of 9 bra...	3 beds \| 2 baths \| 1,232 sq.ft.	$243,999	Airbnb cash on cash: 1.25% Traditional cash on cash: 6.43% Airbnb Rental Income: $1335 Traditional Rental Income: $2118 Airbnb ROI: 1.25% Traditional ROI: 6.43%
319 E Wall Street Sullivan, IN Welcome to Sullivanâs newest neighborhood â a thoughtfully designed community of 9 bra...	4 beds \| 3 baths \| 1,505 sq.ft.	$297,990	Airbnb cash on cash: N/A Traditional cash on cash: 7.02% Airbnb Rental Income: $null Traditional Rental Income: $2654 Airbnb ROI: N/A Traditional ROI: 7.02%
320 E Washington Street Sullivan, IN Welcome to Sullivanâs newest neighborhood â a thoughtfully designed community of 9 bra...	3 beds \| 2 baths \| 1,426 sq.ft.	$282,599	Airbnb cash on cash: 0.95% Traditional cash on cash: 6.05% Airbnb Rental Income: $1335 Traditional Rental Income: $2283 Airbnb ROI: 0.95% Traditional ROI: 6.05%
321 E Wall Street Sullivan, IN Welcome to Sullivanâs newest neighborhood â a thoughtfully designed community of 9 bra...	3 beds \| 2 baths \| 1,232 sq.ft.	$243,900	Airbnb cash on cash: 1.25% Traditional cash on cash: 6.43% Airbnb Rental Income: $1335 Traditional Rental Income: $2118 Airbnb ROI: 1.25% Traditional ROI: 6.43%
323 E Wall Street Sullivan, IN Welcome to Sullivanâs newest neighborhood â a thoughtfully designed community of 9 bra...	3 beds \| 2 baths \| 1,161 sq.ft.	$229,878	Airbnb cash on cash: 1.38% Traditional cash on cash: 6.59% Airbnb Rental Income: $1335 Traditional Rental Income: $2056 Airbnb ROI: 1.38% Traditional ROI: 6.59%
325 E Wall Street Sullivan, IN Welcome to Sullivanâs newest neighborhood â a thoughtfully designed community of 9 bra...	3 beds \| 2 baths \| 1,176 sq.ft.	$234,899	Airbnb cash on cash: 1.33% Traditional cash on cash: 6.54% Airbnb Rental Income: $1335 Traditional Rental Income: $2080 Airbnb ROI: 1.33% Traditional ROI: 6.54%
241 W Washington Street Sullivan, IN Welcome to this charming 4-bedroom, 2.5-bath two-story home in the heart of Sullivan! Feat...	4 beds \| 3 baths \| 3,038 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.52% Airbnb Rental Income: $null Traditional Rental Income: $3156 Airbnb ROI: N/A Traditional ROI: 11.52%
206 W Washington Street Sullivan, IN Where History Still Whispers and Home Still Feels Like Home Corner of Washington & Sectio...	4 beds \| 2 baths \| 3,080 sq.ft.	$234,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.86% Airbnb Rental Income: $null Traditional Rental Income: $2712 Airbnb ROI: N/A Traditional ROI: 9.86%
524 W Sylvandell Street Sullivan, IN Welcome HOME! This absolutely stunning, almost brand new construction home is perfectly s...	3 beds \| 2 baths \| 1,485 sq.ft.	$224,900	Airbnb cash on cash: 2.73% Traditional cash on cash: 9.6% Airbnb Rental Income: $1335 Traditional Rental Income: $2385 Airbnb ROI: 2.73% Traditional ROI: 9.6%
3055 N County Rd 175 E Sullivan, IN Welcome to this spacious 3,150 sq ft, 4 bed, 3 bath home sitting on 1 acre just off Glendo...	4 beds \| 3 baths \| 3,150 sq.ft.	$244,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.79% Airbnb Rental Income: $null Traditional Rental Income: $3247 Airbnb ROI: N/A Traditional ROI: 11.79%
342 W Indiana Avenue Sullivan, IN Welcome to this inviting 2-bedroom, 2-bath home set on two city lots along a quiet street,...	2 beds \| 2 baths \| 1,054 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.9% Airbnb Rental Income: $null Traditional Rental Income: $1154 Airbnb ROI: N/A Traditional ROI: 4.9%
2568 E County Road 425 S Sullivan, IN 2568 E County Road 425 S, Sullivan, IN 47882 \| Manufactured Home	4 beds \| 2 baths \| 1,541 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.08% Airbnb Rental Income: $null Traditional Rental Income: $2055 Airbnb ROI: N/A Traditional ROI: 3.08%
100 E Village Dr Sullivan, IN 100 E Village Dr, Sullivan, IN 47882 \| Single Family Residential	3 beds \| 2 baths \| 1,584 sq.ft.	$112,549	Airbnb cash on cash: 5.79% Traditional cash on cash: 7.75% Airbnb Rental Income: $1335 Traditional Rental Income: $1137 Airbnb ROI: 5.79% Traditional ROI: 7.75%
442 S Troll St Sullivan, IN 442 S Troll St, Sullivan, IN 47882 \| Single Family Residential	3 beds \| 1 baths \| 1,988 sq.ft.	$113,404	Airbnb cash on cash: 5.74% Traditional cash on cash: 7.69% Airbnb Rental Income: $1335 Traditional Rental Income: $1137 Airbnb ROI: 5.74% Traditional ROI: 7.69%
301 S Section St Sullivan, IN 301 S Section St, Sullivan, IN 47882 \| Single Family Residential	2 beds \| 1 baths \| 2,064 sq.ft.	$115,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.71% Airbnb Rental Income: $null Traditional Rental Income: $1154 Airbnb ROI: N/A Traditional ROI: 7.71%
00 E 275 Rd Sullivan, IN 00 E 275 Rd, Sullivan, IN 47882 \| Other	N/A beds \| N/A baths \| N/A	$990,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.03% Airbnb Rental Income: $null Traditional Rental Income: $846 Airbnb ROI: N/A Traditional ROI: -1.03%
00 E 200 Rd Sullivan, IN 00 E 200 Rd, Sullivan, IN 47882 \| Other	N/A beds \| N/A baths \| N/A	$650,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.6% Airbnb Rental Income: $null Traditional Rental Income: $846 Airbnb ROI: N/A Traditional ROI: -0.6%
917.5 N Section St Sullivan, IN 917.5 N Section St, Sullivan, IN 47882 \| Other	N/A beds \| N/A baths \| N/A	$79,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.73% Airbnb Rental Income: $null Traditional Rental Income: $846 Airbnb ROI: N/A Traditional ROI: 7.73%
2006 W Co Rd 450 S Lot#1 Sullivan, IN 2006 W Co Rd 450 S Lot#1, Sullivan, IN 47882 \| Other	N/A beds \| N/A baths \| N/A	$95,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.3% Airbnb Rental Income: $null Traditional Rental Income: $846 Airbnb ROI: N/A Traditional ROI: 6.3%
2383 Woodhurst Drive Sullivan, IN If youâre looking for the perfect balance of country living with the convenience of a pa...	3 beds \| 3 baths \| 1,952 sq.ft.	$385,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 6.45% Airbnb Rental Income: $1335 Traditional Rental Income: $2964 Airbnb ROI: 0.8% Traditional ROI: 6.45%

Real Estate investment in Sullivan, IN

There are 34 properties for sale in the city of Sullivan . The median list price in Sullivan is $209,450 and the average price per square foot is $129. In January 2026, the average monthly cash on cash return in Sullivan is 8.00%. The average monthly rental income in Sullivan is $2,072.

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

There are 34 investment properties available for sale in Sullivan.

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

The ROI for Long-Term is higher than the Short-Term in Sullivan with average rental income of $2,072.

Your search for investment property begins and ends here

Investment Property for Sale in Sullivan, IN

328 N West Street

Sullivan, IN

2 beds | 2 baths | 1,311 sq.ft.

$148,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.77%

Airbnb Rental Income: $null

Traditional Rental Income: $2022

Airbnb ROI: N/A

Traditional ROI: 11.77%

443 S State Street

Sullivan, IN

2 beds | 1 baths | 979 sq.ft.

$149,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.6%

Airbnb Rental Income: $null

Traditional Rental Income: $935

Airbnb ROI: N/A

Traditional ROI: 4.6%

513 W Washington Street

Sullivan, IN

3 beds | 2 baths | 1,924 sq.ft.

$219,000

Airbnb cash on cash: 2.65%

Traditional cash on cash: 6.46%

Airbnb Rental Income: $1335

Traditional Rental Income: $1713

Airbnb ROI: 2.65%

Traditional ROI: 6.46%

4158 W State Road 154

Sullivan, IN

3 beds | 2 baths | 1,836 sq.ft.

$389,000

Airbnb cash on cash: 0.43%

Traditional cash on cash: 3.19%

Airbnb Rental Income: $1335

Traditional Rental Income: $1929

Airbnb ROI: 0.43%

Traditional ROI: 3.19%

2041 N Joy Drive

Sullivan, IN

3 beds | 2 baths | 1,936 sq.ft.

$359,900

Airbnb cash on cash: 0.61%

Traditional cash on cash: 5.41%

Airbnb Rental Income: $1335

Traditional Rental Income: $2544

Airbnb ROI: 0.61%

Traditional ROI: 5.41%

682 E PR RD 265 N

Sullivan, IN

3 beds | 3 baths | 2,376 sq.ft.

$359,000

Airbnb cash on cash: 0.66%

Traditional cash on cash: 7.24%

Airbnb Rental Income: $1335

Traditional Rental Income: $3143

Airbnb ROI: 0.66%

Traditional ROI: 7.24%

2029 N Joy Drive

Sullivan, IN

3 beds | 2 baths | 1,655 sq.ft.

$359,900

Airbnb cash on cash: 0.61%

Traditional cash on cash: 4.93%

Airbnb Rental Income: $1335

Traditional Rental Income: $2381

Airbnb ROI: 0.61%

Traditional ROI: 4.93%

953 Danny Drive

Sullivan, IN

3 beds | 2 baths | 1,809 sq.ft.

$359,900

Airbnb cash on cash: 0.61%

Traditional cash on cash: 5.13%

Airbnb Rental Income: $1335

Traditional Rental Income: $2450

Airbnb ROI: 0.61%